Is the Alcoholic Beverages sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 5 of 14 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
Alcoholic Beverages Stocks in India
Alcoholic Beverages: United Spirits Ltd owns the largest revenue base; Tilaknagar Industries Ltd has the fastest current growth.
Nifty Alcoholic Beverages Index — Constituents & Performance
The Alcoholic Beverages companies below are the listed Indian Alcoholic Beverages universe this page tracks — the same constituent set people search for as the Nifty Alcoholic Beverages index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has Alcoholic Beverages moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 29% ahead of NIFTY 500. Earnings across its companies grew 18% on average over the last four reported quarters.
TURNING · ahead 2w~Price and the fundamentals both up4 of 13 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more
RS ↑2w · 5/13 >200d (+2) · 4/13 lead (+0) · EPS 7/13↑
Alcoholic Beverages, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
MixedHow much of the sector is participating, how recently, and whether the movers score well.
Together4 of 13 stocks moving
Fresh2 crossed in the last 4 weeks
Backed by scoresmovers score +11 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
1/30
Mid
3/5+2
Small
0/5−2
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 13 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Alcoholic Beverages outperforming NIFTY 500?
The 52-week comparison of Alcoholic Beverages against NIFTY 500 is not available from the current market series. 5 of 14 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. G M Breweries Ltd is the strongest against the sector itself at +37.3%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
5/14Stocks leading NIFTY 500
6/14Stocks leading sector
Sector metric: 17.9 as of 2026-07-19 · CONSOLIDATION · falling.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 5 of 14 covered companies currently have positive Mansfield relative strength versus NIFTY 500. United Spirits Ltd leads with revenue of ₹12,626 crore, based on 14 of 14 comparable companies through Jun 2026. Tilaknagar Industries Ltd has the fastest current revenue growth at 68.5%, across 14 of 14 comparable companies.
Which Alcoholic Beverages company is largest by revenue?
United Spirits Ltd leads with revenue of ₹12,626 crore, based on 14 of 14 comparable companies through Jun 2026.
Which Alcoholic Beverages company is growing fastest?
Tilaknagar Industries Ltd has the fastest current revenue growth at 68.5%, across 14 of 14 comparable companies.
Which Alcoholic Beverages company has the strongest 4-Factor Sector Score?
Radico Khaitan Ltd ranks first at 76/100 with 95.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Alcoholic Beverages company reports the most CAPEX?
Allied Blenders & Distillers Ltd reports the largest latest CAPEX at ₹7 crore, with 1 of 14 companies comparable.
Which Alcoholic Beverages company has the least gross debt?
G M Breweries Ltd has the lowest comparable gross debt at ₹35 crore. Tilaknagar Industries Ltd has the highest at ₹2,301 crore.
Which Alcoholic Beverages company has the lowest comparable PEG?
Tilaknagar Industries Ltd has the lowest comparable Guarded PEG at 0.58, among 6 of 14 companies that pass the metric’s comparability rules.
How much history does this Alcoholic Beverages comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
14
complete canonical membership
Combined market value
₹2.5 L Cr
United Spirits Ltd
Revenue growing
10/14
positive TTM year-on-year growth
Beating NIFTY 500
5/14
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Radico Khaitan Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 95.6% evidence confidence.
Associated Alcohols & Breweries Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
United Spirits Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. Radico Khaitan Ltd · RADICO
76.0/100 · Favorable setup · 96% evidence
Exact sum: 29.9 + 19.7 + 6.8 + 19.6 = 76
Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
29.9/35Growth & earnings
Revenue 24.7% · PAT 76.4% · OPM change 5 pp
88% evidence
19.7/25Capital efficiency
ROCE 24.2% · debt/equity 0.15×
100% evidence
6.8/20Valuation
P/E 89.2× · PEG 1.91
100% evidence
19.6/20Relative strength
RS sector 33.9% · RS bench 29.9% · 1Y 50.8%
100% evidence
2. G M Breweries Ltd · GMBREW
71.0/100 · Favorable setup · 74% evidence
Exact sum: 28.4 + 17.6 + 11.5 + 13.5 = 71
Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
28.4/35Growth & earnings
Revenue 21.3% · PAT 30% · OPM change 4 pp
95% evidence
17.6/25Capital efficiency
ROCE 18% · debt/equity 0.03×
95% evidence
11.5/20Valuation
P/E 15× · PEG —
15% evidence
13.5/20Relative strength
RS sector 37.3% · RS bench -5.7% · 1Y 23.7%
70% evidence
3. India Glycols Ltd · INDIAGLYCO
64.4/100 · Mixed-positive evidence · 96% evidence
Exact sum: 20.4 + 14.3 + 11.5 + 18.2 = 64.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.4/35Growth & earnings
Revenue 11.7% · PAT 26.8% · OPM change 0 pp
88% evidence
14.3/25Capital efficiency
ROCE 12.4% · debt/equity 0.58×
100% evidence
11.5/20Valuation
P/E 26.4× · PEG 0.77
100% evidence
18.2/20Relative strength
RS sector 24.1% · RS bench 20.3% · 1Y 20.7%
100% evidence
4. Piccadily Agro Industries Ltd · PICCADIL
61.6/100 · Mixed-positive evidence · 83% evidence
Exact sum: 22.4 + 14.6 + 10.1 + 14.5 = 61.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22.4/35Growth & earnings
Revenue 26.8% · PAT 34% · OPM change -5 pp
88% evidence
14.6/25Capital efficiency
ROCE 18% · debt/equity 0.59×
100% evidence
10.1/20Valuation
P/E 52.8× · PEG 1.75
65% evidence
14.5/20Relative strength
RS sector 4.3% · RS bench 18.9% · 1Y 21.2%
70% evidence
5. IFB Agro Industries Ltd · IFBAGRO
60.0/100 · Mixed-positive evidence · 70% evidence
Exact sum: 27.9 + 13.8 + 11.3 + 7 = 60
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27.9/35Growth & earnings
Revenue 32.6% · PAT 100% · OPM change 2.4 pp
83% evidence
13.8/25Capital efficiency
ROCE 12.7% · debt/equity 0.11×
95% evidence
11.3/20Valuation
P/E 16.3× · PEG —
15% evidence
7.0/20Relative strength
RS sector -7% · RS bench -5.2% · 1Y 34.6%
70% evidence
6. United Spirits Ltd · UNITDSPR
54.4/100 · Mixed-positive evidence · 97% evidence
Exact sum: 12.7 + 19.2 + 8.8 + 13.7 = 54.4
Decision use: Price leads the evidence: RS versus the benchmark is 1.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
12.7/35Growth & earnings
Revenue 3.1% · PAT 24.4% · OPM change -5 pp
95% evidence
19.2/25Capital efficiency
ROCE 26.4% · debt/equity 0.05×
95% evidence
8.8/20Valuation
P/E 57.6× · PEG 3.12
100% evidence
13.7/20Relative strength
RS sector 4.2% · RS bench 1.1% · 1Y 1%
100% evidence
7. Globus Spirits Ltd · GLOBUSSPR
51.9/100 · Mixed-positive evidence · 83% evidence
Exact sum: 27.3 + 9.8 + 10.8 + 4 = 51.9
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -5.2% and the one-year return is -15.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
27.3/35Growth & earnings
Revenue 7.9% · PAT 100% · OPM change 2 pp
100% evidence
9.8/25Capital efficiency
ROCE 11.4% · debt/equity 0.48×
100% evidence
10.8/20Valuation
P/E 25.5× · PEG —
15% evidence
4.0/20Relative strength
RS sector -5.2% · RS bench -8.4% · 1Y -15.2%
100% evidence
8. Allied Blenders & Distillers Ltd · ABDL
46.3/100 · Mixed-negative evidence · 93% evidence
Exact sum: 14.4 + 12.6 + 4.2 + 15.1 = 46.3
Decision use: Price leads the evidence: RS versus the benchmark is 11.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
14.4/35Growth & earnings
Revenue 8% · PAT -12.5% · OPM change 0 pp
100% evidence
12.6/25Capital efficiency
ROCE 18.4% · debt/equity 0.69×
100% evidence
4.2/20Valuation
P/E 77.8× · PEG 4.13
65% evidence
15.1/20Relative strength
RS sector 14.9% · RS bench 11.1% · 1Y 28.6%
100% evidence
9. Associated Alcohols & Breweries Ltd · ASALCBR
43.0/100 · Mixed-negative evidence · 81% evidence
Exact sum: 9.2 + 15.6 + 13.3 + 4.9 = 43
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
9.2/35Growth & earnings
Revenue -5.3% · PAT -4.6% · OPM change -3 pp
95% evidence
15.6/25Capital efficiency
ROCE 18% · debt/equity 0.1×
95% evidence
13.3/20Valuation
P/E 20× · PEG —
50% evidence
4.9/20Relative strength
RS sector -20.9% · RS bench -11.9% · 1Y -30.4%
70% evidence
10. Tilaknagar Industries Ltd · TI
41.7/100 · Mixed-negative evidence · 89% evidence
Exact sum: 11.2 + 10 + 13.3 + 7.2 = 41.7
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
11.2/35Growth & earnings
Revenue 68.5% · PAT -80% · OPM change -4 pp
83% evidence
10.0/25Capital efficiency
ROCE 11.8% · debt/equity 0.77×
80% evidence
13.3/20Valuation
P/E 43.2× · PEG 0.58
100% evidence
7.2/20Relative strength
RS sector -1% · RS bench -4.1% · 1Y 11.5%
100% evidence
11. United Breweries Ltd · UBL
35.6/100 · Mixed-negative evidence · 76% evidence
Exact sum: 12.1 + 10.5 + 8.5 + 4.5 = 35.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12.1/35Growth & earnings
Revenue 3.6% · PAT -6.8% · OPM change -2 pp
83% evidence
10.5/25Capital efficiency
ROCE 10.7% · debt/equity 0.29×
95% evidence
8.5/20Valuation
P/E 108× · PEG —
15% evidence
4.5/20Relative strength
RS sector -15% · RS bench -17.9% · 1Y -33.1%
100% evidence
12. Sula Vineyards Ltd · SULA
35.2/100 · Mixed-negative evidence · 77% evidence
Exact sum: 9.2 + 11.9 + 10.4 + 3.7 = 35.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9.2/35Growth & earnings
Revenue -4% · PAT -63.5% · OPM change -2.1 pp
83% evidence
11.9/25Capital efficiency
ROCE 7.5% · debt/equity 0.57×
95% evidence
10.4/20Valuation
P/E 46.7× · PEG —
50% evidence
3.7/20Relative strength
RS sector -29.5% · RS bench -28.1% · 1Y -49.8%
70% evidence
13. Jagatjit Industries Ltd · JAGAJITIND
33.1/100 · Thin evidence · provisional · 59% evidence
Exact sum: 14.5 + 4.1 + 9.4 + 5.1 = 33.1
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14.5/35Growth & earnings
Revenue -48.3% · PAT 100% · OPM change -8 pp
62% evidence
4.1/25Capital efficiency
ROCE 10.5% · debt/equity 5.76×
80% evidence
9.4/20Valuation
P/E 59.9× · PEG —
15% evidence
5.1/20Relative strength
RS sector -15.4% · RS bench -17.6% · 1Y -37.2%
70% evidence
14. Som Distilleries & Breweries Ltd · SDBL
25.3/100 · Adverse evidence · 70% evidence
Exact sum: 5.2 + 8.4 + 8.7 + 3 = 25.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5.2/35Growth & earnings
Revenue -14.8% · PAT -80% · OPM change -36 pp
83% evidence
8.4/25Capital efficiency
ROCE 5.7% · debt/equity 0.27×
95% evidence
8.7/20Valuation
P/E 106× · PEG —
15% evidence
3.0/20Relative strength
RS sector -36.3% · RS bench -37.2% · 1Y -59.3%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
United Spirits Ltd has the highest Revenue among the 14 Alcoholic Beverages companies compared here, at ₹12,626 crore. United Breweries Ltd is next at ₹9,240 crore. Tilaknagar Industries Ltd has the highest Revenue growth at 68.5%, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: United Spirits Ltd is the scale leader at ₹12,626 crore, 36.6% ahead of United Breweries Ltd. Tilaknagar Industries Ltd's growth is 68.5% from a ₹2,379 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderUnited Spirits Ltd · ₹12,626 crore
Gap36.6% versus #2 · United Breweries Ltd
Persistence6/8 recent comparable periods
Coverage14/14 companies · 231 observations
Investor read: United Spirits Ltd is the scale benchmark; Tilaknagar Industries Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: United Spirits Ltd's growth falls below Tilaknagar Industries Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1United Spirits Ltd UNITDSPR₹12.6K Cr
2United Breweries Ltd UBL₹9.2K Cr
3Radico Khaitan Ltd RADICO₹6.1K Cr
4India Glycols Ltd INDIAGLYCO₹4.2K Cr
5Allied Blenders & Distillers Ltd ABDL₹4.0K Cr
Revenue growthfastest growers
1Tilaknagar Industries Ltd TI69%
2IFB Agro Industries Ltd IFBAGRO⚠ unverified33%
3Piccadily Agro Industries Ltd PICCADIL27%
4Radico Khaitan Ltd RADICO25%
5G M Breweries Ltd GMBREW⚠ unverified21%
Revenue · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| United Spirits Ltd UNITDSPR | ₹2.7K Cr | -10% | Jun 2026 |
| United Breweries Ltd UBL | ₹2.3K Cr | -3.1% | Mar 2026 |
| Radico Khaitan Ltd RADICO | ₹1.5K Cr | 15% | Mar 2026 |
| Allied Blenders & Distillers Ltd ABDL | ₹979 Cr | 6.1% | Jun 2026 |
| India Glycols Ltd INDIAGLYCO | ₹976 Cr | 13% | Mar 2026 |
| Tilaknagar Industries Ltd TI | ₹949 Cr | 147% | Mar 2026 |
| Globus Spirits Ltd GLOBUSSPR | ₹789 Cr | 13% | Jun 2026 |
| IFB Agro Industries Ltd IFBAGRO⚠ unverified | ₹368 Cr | 58% | Mar 2026 |
| Piccadily Agro Industries Ltd PICCADIL | ₹335 Cr | 31% | Mar 2026 |
| Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified | ₹281 Cr | 5.2% | Jun 2026 |
| G M Breweries Ltd GMBREW⚠ unverified | ₹200 Cr | 23% | Jun 2026 |
| Som Distilleries & Breweries Ltd SDBL⚠ unverified | ₹181 Cr | -47% | Mar 2026 |
| Sula Vineyards Ltd SULA⚠ unverified | ₹135 Cr | 7.3% | Mar 2026 |
| Jagatjit Industries Ltd JAGAJITIND | ₹76 Cr | -34% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
₹740 Cr
—
—
—
₹771 Cr
₹814 Cr
₹851 Cr
₹895 Cr
₹768 Cr
₹758 Cr
₹868 Cr
₹974 Cr
₹921 Cr
₹923 Cr
₹990 Cr
₹1.0K Cr
₹1.0K Cr
₹979 Cr
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
₹252 Cr
₹255 Cr
₹327 Cr
₹242 Cr
₹267 Cr
₹254 Cr
₹260 Cr
₹238 Cr
₹281 Cr
G M Breweries Ltd · GMBREW⚠ unverified
—
—
—
—
—
₹154 Cr
₹156 Cr
₹147 Cr
₹152 Cr
₹157 Cr
₹160 Cr
₹152 Cr
₹149 Cr
₹166 Cr
₹169 Cr
₹163 Cr
₹181 Cr
₹202 Cr
₹202 Cr
₹200 Cr
Globus Spirits Ltd · GLOBUSSPR
₹382 Cr
₹347 Cr
₹479 Cr
₹495 Cr
₹480 Cr
₹592 Cr
₹541 Cr
₹570 Cr
₹567 Cr
₹687 Cr
₹590 Cr
₹642 Cr
₹638 Cr
₹602 Cr
₹655 Cr
₹700 Cr
₹661 Cr
₹717 Cr
₹632 Cr
₹789 Cr
India Glycols Ltd · INDIAGLYCO
₹780 Cr
₹795 Cr
₹642 Cr
₹808 Cr
₹670 Cr
₹554 Cr
₹619 Cr
₹689 Cr
₹775 Cr
₹904 Cr
₹926 Cr
₹969 Cr
₹961 Cr
₹975 Cr
₹863 Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹976 Cr
—
Piccadily Agro Industries Ltd · PICCADIL
₹91 Cr
₹110 Cr
₹166 Cr
₹184 Cr
₹116 Cr
₹115 Cr
₹200 Cr
₹219 Cr
₹114 Cr
₹178 Cr
₹269 Cr
₹196 Cr
₹185 Cr
₹182 Cr
₹255 Cr
₹214 Cr
₹212 Cr
₹276 Cr
₹335 Cr
—
Radico Khaitan Ltd · RADICO
₹709 Cr
₹766 Cr
₹790 Cr
₹757 Cr
₹761 Cr
₹792 Cr
₹832 Cr
₹954 Cr
₹925 Cr
₹1.2K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.3K Cr
₹1.3K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
—
—
—
—
—
₹149 Cr
₹253 Cr
₹385 Cr
₹248 Cr
₹266 Cr
₹382 Cr
₹513 Cr
₹290 Cr
₹301 Cr
₹339 Cr
₹528 Cr
₹270 Cr
₹251 Cr
₹181 Cr
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
—
—
₹191 Cr
₹113 Cr
₹108 Cr
₹134 Cr
₹203 Cr
₹123 Cr
₹121 Cr
₹132 Cr
₹200 Cr
₹126 Cr
₹110 Cr
₹131 Cr
₹180 Cr
₹135 Cr
—
Tilaknagar Industries Ltd · TI
₹201 Cr
₹206 Cr
₹241 Cr
₹230 Cr
₹274 Cr
₹303 Cr
₹357 Cr
₹304 Cr
₹354 Cr
₹377 Cr
₹359 Cr
₹313 Cr
₹375 Cr
₹340 Cr
₹384 Cr
₹409 Cr
₹398 Cr
₹623 Cr
₹949 Cr
—
United Breweries Ltd · UBL
₹1.4K Cr
₹1.6K Cr
₹1.7K Cr
₹2.4K Cr
₹1.7K Cr
₹1.6K Cr
₹1.8K Cr
₹2.3K Cr
₹1.9K Cr
₹1.8K Cr
₹2.1K Cr
₹2.5K Cr
₹2.1K Cr
₹2.0K Cr
₹2.3K Cr
₹2.9K Cr
₹2.1K Cr
₹2.1K Cr
₹2.3K Cr
—
United Spirits Ltd · UNITDSPR
₹2.5K Cr
₹2.9K Cr
₹2.5K Cr
₹2.4K Cr
₹2.9K Cr
₹2.8K Cr
₹2.5K Cr
₹2.7K Cr
₹2.9K Cr
₹3.0K Cr
₹2.8K Cr
₹2.8K Cr
₹2.8K Cr
₹3.4K Cr
₹2.9K Cr
₹3.0K Cr
₹3.2K Cr
₹3.7K Cr
₹3.1K Cr
₹2.7K Cr
Revenue growth · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
—
—
—
—
4.2%
—
—
—
-0.4%
-6.9%
2.0%
8.8%
20%
22%
14%
3.0%
9.3%
6.1%
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
6.0%
-0.4%
-20%
-1.7%
5.2%
G M Breweries Ltd · GMBREW⚠ unverified
—
—
—
—
—
—
—
—
—
2.0%
2.6%
3.4%
-2.0%
5.7%
5.6%
7.2%
21%
22%
20%
23%
Globus Spirits Ltd · GLOBUSSPR
—
—
34%
33%
26%
71%
13%
15%
18%
16%
9.1%
13%
13%
-12%
11%
9.0%
3.6%
19%
-3.5%
13%
India Glycols Ltd · INDIAGLYCO
—
—
—
24%
-14%
-30%
-3.6%
-15%
16%
63%
50%
41%
24%
7.9%
-6.8%
7.3%
14%
13%
13%
—
Piccadily Agro Industries Ltd · PICCADIL
—
—
8.5%
-11%
27%
4.6%
20%
19%
-1.7%
55%
35%
-11%
62%
2.3%
-5.2%
9.2%
15%
52%
31%
—
Radico Khaitan Ltd · RADICO
—
—
—
26%
7.3%
3.4%
5.3%
26%
22%
47%
30%
19%
21%
11%
21%
32%
34%
20%
15%
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
—
—
—
—
—
—
—
—
—
79%
51%
33%
17%
13%
-11%
2.9%
-6.9%
-17%
-47%
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
—
—
—
—
—
—
6.5%
8.1%
11%
-1.0%
-1.4%
2.6%
-9.3%
-1.1%
-9.9%
7.3%
—
Tilaknagar Industries Ltd · TI
—
—
—
70%
36%
47%
48%
32%
29%
24%
0.6%
3.0%
5.9%
-9.8%
7.0%
31%
6.1%
83%
147%
—
United Breweries Ltd · UBL
—
—
—
118%
18%
1.9%
3.3%
-6.7%
12%
13%
21%
8.8%
12%
9.7%
8.9%
16%
-3.0%
3.7%
-3.1%
—
United Spirits Ltd · UNITDSPR
—
—
—
40%
16%
-5.7%
-1.3%
10%
-1.4%
8.0%
11%
3.5%
-0.9%
14%
5.9%
9.4%
12%
7.5%
3.7%
-10%
02 · compare level, then change
Operating Economics & Margin Trend
G M Breweries Ltd has the highest OPM among the 14 Alcoholic Beverages companies compared here, at 23%. Piccadily Agro Industries Ltd is next at 21%. Radico Khaitan Ltd has the highest Margin change at +5 percentage points, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: G M Breweries Ltd leads opm at 23%; Radico Khaitan Ltd leads margin change at +5 percentage points.
LeaderG M Breweries Ltd · 23%
Gap9.5% versus #2 · Piccadily Agro Industries Ltd
Persistence6/8 recent comparable periods
Coverage14/14 companies · 266 observations
Investor read: G M Breweries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1G M Breweries Ltd GMBREW⚠ unverified23%
2Piccadily Agro Industries Ltd PICCADIL21%
3Sula Vineyards Ltd SULA⚠ unverified21%
4Radico Khaitan Ltd RADICO19%
5India Glycols Ltd INDIAGLYCO17%
Margin changefastest expanders
1Radico Khaitan Ltd RADICO+5.0 pp
2G M Breweries Ltd GMBREW⚠ unverified+4.0 pp
3IFB Agro Industries Ltd IFBAGRO⚠ unverified+2.4 pp
4Globus Spirits Ltd GLOBUSSPR+2.0 pp
5Allied Blenders & Distillers Ltd ABDL0.0 pp
Operating margin · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| G M Breweries Ltd GMBREW⚠ unverified | 23% | +4.0 pp | Jun 2026 |
| Piccadily Agro Industries Ltd PICCADIL | 21% | −5.0 pp | Mar 2026 |
| Sula Vineyards Ltd SULA⚠ unverified | 21% | −2.1 pp | Mar 2026 |
| Radico Khaitan Ltd RADICO | 19% | +5.0 pp | Mar 2026 |
| India Glycols Ltd INDIAGLYCO | 17% | 0.0 pp | Mar 2026 |
| United Spirits Ltd UNITDSPR | 16% | −5.0 pp | Jun 2026 |
| Tilaknagar Industries Ltd TI | 16% | −4.0 pp | Mar 2026 |
| Allied Blenders & Distillers Ltd ABDL | 12% | 0.0 pp | Jun 2026 |
| Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified | 11% | −3.0 pp | Jun 2026 |
| Globus Spirits Ltd GLOBUSSPR | 10% | +2.0 pp | Jun 2026 |
| IFB Agro Industries Ltd IFBAGRO⚠ unverified | 6.2% | +2.4 pp | Mar 2026 |
| United Breweries Ltd UBL | 6.0% | −2.0 pp | Mar 2026 |
| Jagatjit Industries Ltd JAGAJITIND | -13% | −8.0 pp | Mar 2026 |
| Som Distilleries & Breweries Ltd SDBL⚠ unverified | -24% | −36.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
4.2%
—
—
—
6.0%
6.0%
8.0%
7.0%
8.0%
10%
12%
12%
15%
12%
13%
14%
17%
12%
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
17%
16%
13%
11%
7.4%
9.0%
8.0%
12%
11%
11%
7.6%
11%
10%
12%
15%
14%
9.0%
16%
17%
11%
G M Breweries Ltd · GMBREW⚠ unverified
25%
21%
16%
15%
22%
22%
20%
18%
20%
16%
16%
21%
18%
18%
17%
19%
25%
26%
26%
23%
Globus Spirits Ltd · GLOBUSSPR
20%
14%
15%
11%
6.7%
7.4%
11%
13%
7.0%
6.0%
3.0%
7.0%
5.0%
6.0%
6.0%
8.0%
9.0%
10%
11%
10%
India Glycols Ltd · INDIAGLYCO
8.5%
6.9%
12%
7.7%
10%
12%
16%
15%
12%
11%
11%
13%
12%
13%
17%
14%
14%
16%
17%
—
Piccadily Agro Industries Ltd · PICCADIL
21%
7.4%
11%
9.5%
11%
15%
7.0%
11%
21%
19%
25%
14%
23%
26%
26%
18%
22%
28%
21%
—
Radico Khaitan Ltd · RADICO
16%
16%
9.8%
12%
12%
12%
9.0%
13%
13%
12%
11%
13%
14%
14%
14%
15%
16%
17%
19%
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
6.0%
6.3%
8.1%
13%
12%
11%
11%
13%
11%
12%
11%
13%
12%
12%
12%
13%
15%
8.0%
-24%
—
Sula Vineyards Ltd · SULA⚠ unverified
20%
33%
27%
27%
31%
34%
27%
28%
33%
35%
24%
28%
25%
27%
23%
17%
19%
18%
21%
—
Tilaknagar Industries Ltd · TI
15%
16%
11%
9.5%
11%
13%
12%
13%
13%
14%
13%
16%
18%
18%
20%
23%
15%
18%
16%
—
United Breweries Ltd · UBL
12%
11%
15%
11%
13%
5.0%
3.0%
10%
10%
8.0%
7.0%
12%
11%
7.0%
8.0%
11%
6.0%
11%
6.0%
—
United Spirits Ltd · UNITDSPR
19%
18%
17%
15%
15%
13%
9.0%
27%
16%
16%
12%
26%
18%
16%
17%
21%
21%
17%
19%
16%
Margin change · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
—
—
—
—
+1.8 pp
—
—
—
+2.0 pp
+4.0 pp
+4.0 pp
+5.0 pp
+7.0 pp
+2.0 pp
+1.0 pp
+2.0 pp
+2.0 pp
0.0 pp
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
−3.8 pp
−7.2 pp
−6.0 pp
−8.6 pp
−9.6 pp
−7.3 pp
−5.1 pp
+0.9 pp
+4.0 pp
+1.7 pp
−0.3 pp
−0.8 pp
−1.4 pp
+1.3 pp
+7.4 pp
+3.0 pp
−1.0 pp
+4.0 pp
+2.0 pp
−3.0 pp
G M Breweries Ltd · GMBREW⚠ unverified
+4.2 pp
−4.1 pp
−5.3 pp
−8.3 pp
−3.4 pp
+1.4 pp
+3.8 pp
+2.7 pp
−1.7 pp
−6.0 pp
−4.0 pp
+3.0 pp
−2.0 pp
+2.0 pp
+1.0 pp
−2.0 pp
+7.0 pp
+8.0 pp
+9.0 pp
+4.0 pp
Globus Spirits Ltd · GLOBUSSPR
+1.9 pp
−7.5 pp
−9.8 pp
−14.7 pp
−13.5 pp
−6.4 pp
−4.6 pp
+1.7 pp
+0.3 pp
−1.4 pp
−7.6 pp
−6.0 pp
−2.0 pp
0.0 pp
+3.0 pp
+1.0 pp
+4.0 pp
+4.0 pp
+5.0 pp
+2.0 pp
India Glycols Ltd · INDIAGLYCO
−3.3 pp
−2.7 pp
+0.9 pp
−0.7 pp
+1.7 pp
+5.1 pp
+3.6 pp
+7.3 pp
+1.9 pp
−1.0 pp
−5.0 pp
−2.0 pp
0.0 pp
+2.0 pp
+6.0 pp
+1.0 pp
+2.0 pp
+3.0 pp
0.0 pp
—
Piccadily Agro Industries Ltd · PICCADIL
+7.0 pp
−4.8 pp
+7.1 pp
−1.9 pp
−10.6 pp
+7.6 pp
−4.0 pp
+1.5 pp
+10.5 pp
+4.0 pp
+18.0 pp
+3.0 pp
+2.0 pp
+7.0 pp
+1.0 pp
+4.0 pp
−1.0 pp
+2.0 pp
−5.0 pp
—
Radico Khaitan Ltd · RADICO
−1.3 pp
−2.5 pp
−4.9 pp
−3.2 pp
−3.9 pp
−3.7 pp
−0.8 pp
+0.8 pp
+1.2 pp
0.0 pp
+2.0 pp
0.0 pp
+1.0 pp
+2.0 pp
+3.0 pp
+2.0 pp
+2.0 pp
+3.0 pp
+5.0 pp
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
+4.9 pp
+11.2 pp
+0.7 pp
+23.3 pp
+5.8 pp
+5.2 pp
+3.0 pp
−0.4 pp
−0.8 pp
+0.6 pp
0.0 pp
0.0 pp
+1.0 pp
0.0 pp
+1.0 pp
0.0 pp
+3.0 pp
−4.0 pp
−36.0 pp
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
—
+11.6 pp
+0.8 pp
+0.3 pp
+0.6 pp
+2.0 pp
+1.8 pp
−3.1 pp
+0.1 pp
−7.7 pp
−8.9 pp
−1.4 pp
−11.4 pp
−5.9 pp
−8.8 pp
−2.1 pp
—
Tilaknagar Industries Ltd · TI
+0.7 pp
+2.5 pp
+5.4 pp
−7.8 pp
−3.7 pp
−2.8 pp
+1.3 pp
+3.5 pp
+1.6 pp
+1.0 pp
+1.0 pp
+3.0 pp
+5.0 pp
+4.0 pp
+7.0 pp
+7.0 pp
−3.0 pp
0.0 pp
−4.0 pp
—
United Breweries Ltd · UBL
+7.1 pp
−2.5 pp
−1.7 pp
+2.4 pp
+1.5 pp
−6.0 pp
−12.3 pp
−0.9 pp
−3.0 pp
+3.0 pp
+4.0 pp
+2.0 pp
+1.0 pp
−1.0 pp
+1.0 pp
−1.0 pp
−5.0 pp
+4.0 pp
−2.0 pp
—
United Spirits Ltd · UNITDSPR
+5.5 pp
+0.5 pp
−0.7 pp
+4.4 pp
−3.7 pp
−4.6 pp
−8.0 pp
+11.6 pp
+1.0 pp
+3.0 pp
+3.0 pp
−1.0 pp
+2.0 pp
0.0 pp
+5.0 pp
−5.0 pp
+3.0 pp
+1.0 pp
+2.0 pp
−5.0 pp
03 · compare level, then change
Profit Scale & Acceleration
United Spirits Ltd has the highest Net profit among the 14 Alcoholic Beverages companies compared here, at ₹1,884 crore. Radico Khaitan Ltd is next at ₹605 crore. Globus Spirits Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: United Spirits Ltd leads with ₹1,884 crore of TTM profit, 211.4% above Radico Khaitan Ltd. Globus Spirits Ltd shows ≥100% on the scoring scale (312.5% uncapped) growth from a ₹99 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderUnited Spirits Ltd · ₹1,884 crore
Gap211.4% versus #2 · Radico Khaitan Ltd
Persistence6/8 recent comparable periods
Coverage14/14 companies · 231 observations
Investor read: United Spirits Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1United Spirits Ltd UNITDSPR₹1.9K Cr
2Radico Khaitan Ltd RADICO₹605 Cr
3United Breweries Ltd UBL₹413 Cr
4India Glycols Ltd INDIAGLYCO₹293 Cr
5Allied Blenders & Distillers Ltd ABDL₹210 Cr
Profit growthfastest growers
1Globus Spirits Ltd GLOBUSSPR100%
2IFB Agro Industries Ltd IFBAGRO⚠ unverified100%
3Radico Khaitan Ltd RADICO76%
4Piccadily Agro Industries Ltd PICCADIL34%
5G M Breweries Ltd GMBREW⚠ unverified30%
Net profit · company comparison
14/14 level · 13/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| United Spirits Ltd UNITDSPR | ₹463 Cr | 11% | Jun 2026 |
| Radico Khaitan Ltd RADICO | ₹179 Cr | 95% | Mar 2026 |
| United Breweries Ltd UBL | ₹102 Cr | 4.1% | Mar 2026 |
| India Glycols Ltd INDIAGLYCO | ₹87 Cr | 36% | Mar 2026 |
| Allied Blenders & Distillers Ltd ABDL | ₹45 Cr | -20% | Jun 2026 |
| Piccadily Agro Industries Ltd PICCADIL | ₹45 Cr | 13% | Mar 2026 |
| G M Breweries Ltd GMBREW⚠ unverified | ₹38 Cr | 46% | Jun 2026 |
| Globus Spirits Ltd GLOBUSSPR | ₹26 Cr | 44% | Jun 2026 |
| Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified | ₹18 Cr | -25% | Jun 2026 |
| IFB Agro Industries Ltd IFBAGRO⚠ unverified | ₹9 Cr | 1,376% | Mar 2026 |
| Sula Vineyards Ltd SULA⚠ unverified | ₹9 Cr | -34% | Mar 2026 |
| Tilaknagar Industries Ltd TI | ₹-15 Cr | -119% | Mar 2026 |
| Jagatjit Industries Ltd JAGAJITIND | ₹-17 Cr | -450% | Mar 2026 |
| Som Distilleries & Breweries Ltd SDBL⚠ unverified | ₹-57 Cr | -338% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
₹-2 Cr
—
—
—
₹-1 Cr
₹-3 Cr
₹11 Cr
₹-4 Cr
₹-2 Cr
₹11 Cr
₹48 Cr
₹57 Cr
₹79 Cr
₹56 Cr
₹63 Cr
₹64 Cr
₹38 Cr
₹45 Cr
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
₹18 Cr
₹15 Cr
₹26 Cr
₹22 Cr
₹24 Cr
₹14 Cr
₹27 Cr
₹24 Cr
₹18 Cr
G M Breweries Ltd · GMBREW⚠ unverified
—
—
—
—
—
₹26 Cr
₹35 Cr
₹20 Cr
₹22 Cr
₹23 Cr
₹87 Cr
₹25 Cr
₹22 Cr
₹22 Cr
₹60 Cr
₹26 Cr
₹35 Cr
₹42 Cr
₹54 Cr
₹38 Cr
Globus Spirits Ltd · GLOBUSSPR
₹53 Cr
₹31 Cr
₹49 Cr
₹37 Cr
₹22 Cr
₹27 Cr
₹36 Cr
₹39 Cr
₹13 Cr
₹44 Cr
₹0 Cr
₹15 Cr
₹1 Cr
₹0 Cr
₹5 Cr
₹18 Cr
₹22 Cr
₹30 Cr
₹21 Cr
₹26 Cr
India Glycols Ltd · INDIAGLYCO
₹37 Cr
₹24 Cr
₹67 Cr
₹28 Cr
₹24 Cr
₹50 Cr
₹40 Cr
₹51 Cr
₹38 Cr
₹42 Cr
₹42 Cr
₹60 Cr
₹50 Cr
₹57 Cr
₹64 Cr
₹73 Cr
₹65 Cr
₹68 Cr
₹87 Cr
—
Piccadily Agro Industries Ltd · PICCADIL
₹9 Cr
₹2 Cr
₹6 Cr
₹8 Cr
₹3 Cr
₹7 Cr
₹5 Cr
₹11 Cr
₹11 Cr
₹44 Cr
₹43 Cr
₹13 Cr
₹25 Cr
₹25 Cr
₹40 Cr
₹18 Cr
₹27 Cr
₹48 Cr
₹45 Cr
—
Radico Khaitan Ltd · RADICO
₹73 Cr
₹79 Cr
₹50 Cr
₹62 Cr
₹54 Cr
₹61 Cr
₹43 Cr
₹68 Cr
₹65 Cr
₹75 Cr
₹54 Cr
₹75 Cr
₹81 Cr
₹95 Cr
₹92 Cr
₹131 Cr
₹140 Cr
₹155 Cr
₹179 Cr
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
—
—
—
—
—
₹11 Cr
₹16 Cr
₹34 Cr
₹15 Cr
₹18 Cr
₹20 Cr
₹41 Cr
₹19 Cr
₹22 Cr
₹24 Cr
₹42 Cr
₹20 Cr
₹5 Cr
₹-57 Cr
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
—
—
₹39 Cr
₹14 Cr
₹14 Cr
₹23 Cr
₹43 Cr
₹14 Cr
₹15 Cr
₹14 Cr
₹28 Cr
₹13 Cr
₹2 Cr
₹6 Cr
₹9 Cr
₹9 Cr
—
Tilaknagar Industries Ltd · TI
₹11 Cr
₹10 Cr
₹23 Cr
₹1 Cr
₹14 Cr
₹76 Cr
₹59 Cr
₹26 Cr
₹37 Cr
₹44 Cr
₹31 Cr
₹40 Cr
₹58 Cr
₹54 Cr
₹77 Cr
₹89 Cr
₹53 Cr
₹-105 Cr
₹-15 Cr
—
United Breweries Ltd · UBL
₹80 Cr
₹91 Cr
₹163 Cr
₹162 Cr
₹134 Cr
₹-2 Cr
₹10 Cr
₹136 Cr
₹107 Cr
₹86 Cr
₹82 Cr
₹174 Cr
₹132 Cr
₹39 Cr
₹98 Cr
₹184 Cr
₹46 Cr
₹81 Cr
₹102 Cr
—
United Spirits Ltd · UNITDSPR
₹286 Cr
₹295 Cr
₹179 Cr
₹261 Cr
₹548 Cr
₹214 Cr
₹103 Cr
₹477 Cr
₹339 Cr
₹350 Cr
₹241 Cr
₹485 Cr
₹341 Cr
₹335 Cr
₹421 Cr
₹417 Cr
₹464 Cr
₹418 Cr
₹539 Cr
₹463 Cr
Profit growth · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
—
—
—
—
—
—
—
—
—
—
336%
—
—
409%
31%
12%
-52%
-20%
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
33%
-6.7%
3.9%
9.1%
-25%
G M Breweries Ltd · GMBREW⚠ unverified
—
—
—
—
—
—
—
—
—
-12%
149%
25%
0.0%
-4.4%
-31%
4.0%
59%
91%
-10%
46%
Globus Spirits Ltd · GLOBUSSPR
—
—
-3.9%
-34%
-58%
-13%
-27%
5.4%
-41%
63%
-100%
-62%
-92%
-100%
—
20%
2,100%
—
320%
44%
India Glycols Ltd · INDIAGLYCO
—
—
—
-87%
-35%
108%
-40%
82%
58%
-16%
5.0%
18%
32%
36%
52%
22%
30%
19%
36%
—
Piccadily Agro Industries Ltd · PICCADIL
—
—
200%
-33%
-67%
250%
-17%
38%
267%
529%
760%
18%
127%
-43%
-7.0%
38%
8.0%
92%
13%
—
Radico Khaitan Ltd · RADICO
—
—
—
1.6%
-26%
-23%
-14%
9.7%
20%
23%
26%
10%
25%
27%
70%
75%
73%
63%
95%
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
—
—
—
—
—
—
—
—
—
71%
25%
21%
27%
22%
20%
2.4%
5.3%
-77%
-338%
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
—
—
—
—
—
—
9.4%
-4.9%
6.9%
-37%
-35%
-3.8%
-87%
-58%
-68%
-34%
—
Tilaknagar Industries Ltd · TI
—
—
—
—
27%
660%
157%
2,500%
164%
-42%
-47%
54%
57%
23%
148%
123%
-8.6%
-294%
-119%
—
United Breweries Ltd · UBL
—
—
—
423%
68%
-102%
-94%
-16%
-20%
—
720%
28%
23%
-55%
20%
5.8%
-65%
108%
4.1%
—
United Spirits Ltd · UNITDSPR
—
—
—
422%
92%
-27%
-42%
83%
-38%
64%
134%
1.7%
0.6%
-4.3%
75%
-14%
36%
25%
28%
11%
04 · compare level, then change
Capacity Spending & Returns On It
Allied Blenders & Distillers Ltd has the highest CAPEX among the 14 Alcoholic Beverages companies compared here, at ₹7 crore. The same company also holds the highest CAPEX intensity, at 0.9%. 1 of 14 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Allied Blenders & Distillers Ltd reports ₹7 crore of CAPEX; Allied Blenders & Distillers Ltd has the highest covered intensity at 0.9%. Coverage is only 1 of 14 companies and 1 reported observations, so this is partial evidence—not a complete sector rank.
LeaderAllied Blenders & Distillers Ltd · ₹7 crore
GapNot enough peers
Persistence1/1 recent comparable periods
Coverage1/14 companies · 1 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Allied Blenders & Distillers Ltd ABDL₹7 Cr
CAPEX intensityhighest reinvestment intensity
1Allied Blenders & Distillers Ltd ABDL0.9%
Capital expenditure · company comparison
1/14 level · 1/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| Allied Blenders & Distillers Ltd ABDL | ₹7 Cr | 0.9% | Jun 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Allied Blenders & Distillers Ltd · ABDL
—
—
₹7 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
CAPEX intensity · reported quarter history
Allied Blenders & Distillers Ltd · ABDL
—
—
0.9%
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Annual capital allocation · 10-year view
14/14 capacity base · 14/14 OCF · 14/14 CAPEX · 14/14 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
—
₹684 Cr
₹666 Cr
₹707 Cr
₹589 Cr
₹651 Cr
₹768 Cr
₹999 Cr
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
—
—
—
—
—
—
—
—
₹383 Cr
₹414 Cr
G M Breweries Ltd · GMBREW⚠ unverified
₹172 Cr
₹175 Cr
₹187 Cr
₹185 Cr
₹158 Cr
₹157 Cr
₹193 Cr
₹246 Cr
₹291 Cr
₹304 Cr
Globus Spirits Ltd · GLOBUSSPR
₹632 Cr
₹609 Cr
₹586 Cr
₹599 Cr
₹627 Cr
—
₹925 Cr
₹1.0K Cr
₹1.2K Cr
₹1.3K Cr
India Glycols Ltd · INDIAGLYCO
₹2.2K Cr
₹2.2K Cr
₹2.3K Cr
₹2.4K Cr
₹2.3K Cr
₹2.6K Cr
₹2.8K Cr
₹3.3K Cr
₹3.9K Cr
₹4.6K Cr
Piccadily Agro Industries Ltd · PICCADIL
₹203 Cr
₹202 Cr
₹194 Cr
₹187 Cr
₹181 Cr
₹196 Cr
₹227 Cr
₹260 Cr
₹483 Cr
₹653 Cr
Radico Khaitan Ltd · RADICO
₹706 Cr
₹705 Cr
₹730 Cr
₹761 Cr
₹848 Cr
₹851 Cr
₹1.6K Cr
₹1.8K Cr
₹1.8K Cr
₹2.0K Cr
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
₹89 Cr
₹172 Cr
₹357 Cr
₹414 Cr
₹416 Cr
₹406 Cr
₹488 Cr
₹573 Cr
₹645 Cr
₹920 Cr
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
₹355 Cr
₹318 Cr
₹362 Cr
₹415 Cr
₹459 Cr
₹501 Cr
₹513 Cr
Tilaknagar Industries Ltd · TI
₹666 Cr
₹700 Cr
₹666 Cr
₹602 Cr
₹569 Cr
₹539 Cr
₹420 Cr
₹396 Cr
₹373 Cr
₹3.8K Cr
United Breweries Ltd · UBL
₹1.9K Cr
₹1.8K Cr
₹2.0K Cr
₹2.1K Cr
₹2.1K Cr
₹2.0K Cr
₹1.9K Cr
₹1.9K Cr
₹2.0K Cr
₹2.6K Cr
United Spirits Ltd · UNITDSPR
₹2.1K Cr
₹1.9K Cr
₹2.0K Cr
₹2.1K Cr
₹2.0K Cr
₹2.0K Cr
₹1.6K Cr
₹1.6K Cr
₹1.8K Cr
₹1.5K Cr
Operating cash flow · fiscal-year history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
—
₹595 Cr
₹247 Cr
₹179 Cr
₹230 Cr
₹186 Cr
₹-678 Cr
₹362 Cr
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
—
—
—
—
—
₹79 Cr
₹7 Cr
₹28 Cr
₹74 Cr
₹52 Cr
G M Breweries Ltd · GMBREW⚠ unverified
₹53 Cr
₹63 Cr
₹61 Cr
₹79 Cr
₹1 Cr
₹97 Cr
₹96 Cr
₹59 Cr
₹162 Cr
₹-96 Cr
Globus Spirits Ltd · GLOBUSSPR
₹67 Cr
₹56 Cr
₹31 Cr
₹135 Cr
₹148 Cr
₹219 Cr
₹102 Cr
₹168 Cr
₹67 Cr
₹268 Cr
India Glycols Ltd · INDIAGLYCO
₹302 Cr
₹502 Cr
₹147 Cr
₹343 Cr
₹137 Cr
₹116 Cr
₹326 Cr
₹439 Cr
₹362 Cr
₹769 Cr
Piccadily Agro Industries Ltd · PICCADIL
₹98 Cr
₹41 Cr
₹58 Cr
₹0 Cr
₹22 Cr
₹45 Cr
₹37 Cr
₹51 Cr
₹-27 Cr
₹118 Cr
Radico Khaitan Ltd · RADICO
₹250 Cr
₹316 Cr
₹309 Cr
₹60 Cr
₹370 Cr
₹222 Cr
₹239 Cr
₹166 Cr
₹363 Cr
₹743 Cr
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
₹88 Cr
₹81 Cr
₹4 Cr
₹41 Cr
₹36 Cr
₹9 Cr
₹14 Cr
₹73 Cr
₹42 Cr
₹211 Cr
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
₹45 Cr
₹120 Cr
₹87 Cr
₹90 Cr
₹121 Cr
₹58 Cr
₹101 Cr
Tilaknagar Industries Ltd · TI
₹26 Cr
₹175 Cr
₹91 Cr
₹191 Cr
₹85 Cr
₹65 Cr
₹71 Cr
₹121 Cr
₹178 Cr
₹-445 Cr
United Breweries Ltd · UBL
₹544 Cr
₹563 Cr
₹643 Cr
₹508 Cr
₹620 Cr
₹900 Cr
₹-120 Cr
₹70 Cr
₹214 Cr
₹435 Cr
United Spirits Ltd · UNITDSPR
₹647 Cr
₹925 Cr
₹948 Cr
₹783 Cr
₹1.8K Cr
₹977 Cr
₹615 Cr
₹1.1K Cr
₹1.9K Cr
₹1.5K Cr
CAPEX · reported cash flow · fiscal-year history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
—
—
₹41 Cr
₹100 Cr
₹-63 Cr
₹120 Cr
₹178 Cr
₹310 Cr
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
—
—
—
—
—
—
—
—
—
₹55 Cr
G M Breweries Ltd · GMBREW⚠ unverified
₹97 Cr
₹9 Cr
₹19 Cr
₹5 Cr
₹-22 Cr
₹5 Cr
₹42 Cr
₹59 Cr
₹50 Cr
₹18 Cr
Globus Spirits Ltd · GLOBUSSPR
₹94 Cr
₹13 Cr
₹13 Cr
₹51 Cr
₹69 Cr
—
—
₹188 Cr
₹204 Cr
₹209 Cr
India Glycols Ltd · INDIAGLYCO
₹64 Cr
₹116 Cr
₹141 Cr
₹168 Cr
₹-1 Cr
₹322 Cr
₹375 Cr
₹548 Cr
₹753 Cr
₹819 Cr
Piccadily Agro Industries Ltd · PICCADIL
₹24 Cr
₹12 Cr
₹5 Cr
₹6 Cr
₹7 Cr
₹30 Cr
₹47 Cr
₹51 Cr
₹242 Cr
₹193 Cr
Radico Khaitan Ltd · RADICO
₹17 Cr
₹40 Cr
₹67 Cr
₹84 Cr
₹141 Cr
₹68 Cr
₹781 Cr
₹307 Cr
₹220 Cr
₹305 Cr
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
—
₹87 Cr
₹194 Cr
₹69 Cr
₹15 Cr
₹7 Cr
₹99 Cr
₹106 Cr
₹98 Cr
₹308 Cr
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
—
₹-11 Cr
₹68 Cr
₹79 Cr
₹76 Cr
₹77 Cr
₹51 Cr
Tilaknagar Industries Ltd · TI
₹1 Cr
₹71 Cr
₹3 Cr
₹-31 Cr
₹0 Cr
₹3 Cr
₹-87 Cr
₹8 Cr
₹8 Cr
₹3.5K Cr
United Breweries Ltd · UBL
₹291 Cr
₹175 Cr
₹425 Cr
₹443 Cr
₹185 Cr
₹162 Cr
₹116 Cr
₹233 Cr
₹286 Cr
₹832 Cr
United Spirits Ltd · UNITDSPR
₹136 Cr
₹-31 Cr
₹281 Cr
₹403 Cr
₹212 Cr
₹265 Cr
₹-51 Cr
₹255 Cr
₹470 Cr
₹-14 Cr
Free cash flow · fiscal-year history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
—
—
₹206 Cr
₹79 Cr
₹293 Cr
₹66 Cr
₹-856 Cr
₹52 Cr
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
—
—
—
—
—
—
—
—
—
₹-3 Cr
G M Breweries Ltd · GMBREW⚠ unverified
₹-44 Cr
₹54 Cr
₹42 Cr
₹74 Cr
₹23 Cr
₹92 Cr
₹54 Cr
₹0 Cr
₹112 Cr
₹-114 Cr
Globus Spirits Ltd · GLOBUSSPR
₹-27 Cr
₹43 Cr
₹18 Cr
₹84 Cr
₹79 Cr
—
—
₹-20 Cr
₹-137 Cr
₹59 Cr
India Glycols Ltd · INDIAGLYCO
₹238 Cr
₹386 Cr
₹6 Cr
₹175 Cr
₹138 Cr
₹-206 Cr
₹-49 Cr
₹-109 Cr
₹-391 Cr
₹-50 Cr
Piccadily Agro Industries Ltd · PICCADIL
₹74 Cr
₹29 Cr
₹53 Cr
₹-6 Cr
₹15 Cr
₹15 Cr
₹-10 Cr
₹0 Cr
₹-269 Cr
₹-75 Cr
Radico Khaitan Ltd · RADICO
₹233 Cr
₹276 Cr
₹242 Cr
₹-24 Cr
₹229 Cr
₹154 Cr
₹-542 Cr
₹-141 Cr
₹143 Cr
₹438 Cr
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
—
₹-6 Cr
₹-190 Cr
₹-28 Cr
₹21 Cr
₹2 Cr
₹-85 Cr
₹-33 Cr
₹-56 Cr
₹-97 Cr
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
—
₹131 Cr
₹19 Cr
₹11 Cr
₹45 Cr
₹-19 Cr
₹50 Cr
Tilaknagar Industries Ltd · TI
₹25 Cr
₹104 Cr
₹88 Cr
₹222 Cr
₹85 Cr
₹62 Cr
₹158 Cr
₹113 Cr
₹170 Cr
₹-4.0K Cr
United Breweries Ltd · UBL
₹253 Cr
₹388 Cr
₹218 Cr
₹65 Cr
₹435 Cr
₹738 Cr
₹-236 Cr
₹-163 Cr
₹-72 Cr
₹-397 Cr
United Spirits Ltd · UNITDSPR
₹511 Cr
₹956 Cr
₹667 Cr
₹380 Cr
₹1.6K Cr
₹712 Cr
₹666 Cr
₹863 Cr
₹1.5K Cr
₹1.5K Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
G M Breweries Ltd has the lowest Gross debt among the 14 Alcoholic Beverages companies compared here, at ₹35 crore. Associated Alcohols & Breweries Ltd is next at ₹69 crore. United Spirits Ltd has the lowest Net debt at ₹2,716 crore net cash, so level and change sit with different companies.
What the numbers say: United Spirits Ltd has the clearest covered balance-sheet capacity with ₹2,716 crore net cash and gross debt of ₹413 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderG M Breweries Ltd · ₹35 crore
Gap49.3% versus #2 · Associated Alcohols & Breweries Ltd
Persistence4/6 recent comparable periods
Coverage14/14 companies · 231 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1G M Breweries Ltd GMBREW⚠ unverified₹35 Cr
2Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified₹69 Cr
3IFB Agro Industries Ltd IFBAGRO⚠ unverified₹75 Cr
4Som Distilleries & Breweries Ltd SDBL⚠ unverified₹212 Cr
5Sula Vineyards Ltd SULA⚠ unverified₹333 Cr
Net debtlowest net debt
1United Spirits Ltd UNITDSPR₹-2.7K Cr
2IFB Agro Industries Ltd IFBAGRO⚠ unverified₹-110 Cr
3G M Breweries Ltd GMBREW⚠ unverified₹24 Cr
4Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified₹41 Cr
5Som Distilleries & Breweries Ltd SDBL⚠ unverified₹195 Cr
Debt and balance-sheet capacity · company comparison
14/14 level · 13/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Tilaknagar Industries Ltd TI | ₹2.3K Cr | ₹1.9K Cr | Mar 2026 |
| India Glycols Ltd INDIAGLYCO | ₹1.7K Cr | ₹1.6K Cr | Mar 2026 |
| United Breweries Ltd UBL | ₹1.3K Cr | ₹745 Cr | Mar 2026 |
| Allied Blenders & Distillers Ltd ABDL | ₹1.2K Cr | ₹1.0K Cr | Jun 2026 |
| Piccadily Agro Industries Ltd PICCADIL | ₹531 Cr | ₹382 Cr | Mar 2026 |
| Globus Spirits Ltd GLOBUSSPR | ₹527 Cr | ₹456 Cr | Jun 2026 |
| Radico Khaitan Ltd RADICO | ₹498 Cr | ₹410 Cr | Mar 2026 |
| United Spirits Ltd UNITDSPR | ₹413 Cr | ₹-2.7K Cr | Jun 2026 |
| Jagatjit Industries Ltd JAGAJITIND | ₹363 Cr | — | Mar 2026 |
| Sula Vineyards Ltd SULA⚠ unverified | ₹333 Cr | ₹326 Cr | Mar 2026 |
| Som Distilleries & Breweries Ltd SDBL⚠ unverified | ₹212 Cr | ₹195 Cr | Mar 2026 |
| IFB Agro Industries Ltd IFBAGRO⚠ unverified | ₹75 Cr | ₹-110 Cr | Mar 2026 |
| Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified | ₹69 Cr | ₹41 Cr | Jun 2026 |
| G M Breweries Ltd GMBREW⚠ unverified | ₹35 Cr | ₹24 Cr | Jun 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
₹863 Cr
—
—
—
₹793 Cr
—
—
—
₹835 Cr
₹835 Cr
₹720 Cr
₹720 Cr
₹905 Cr
₹905 Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
—
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
₹4 Cr
₹4 Cr
₹5 Cr
₹5 Cr
₹35 Cr
₹35 Cr
₹100 Cr
₹100 Cr
₹92 Cr
₹92 Cr
₹108 Cr
₹108 Cr
₹91 Cr
₹91 Cr
₹102 Cr
₹102 Cr
₹75 Cr
₹75 Cr
₹69 Cr
₹69 Cr
G M Breweries Ltd · GMBREW⚠ unverified
—
—
₹0 Cr
—
—
—
₹0 Cr
—
—
—
₹0 Cr
—
—
—
₹0 Cr
₹56 Cr
₹0 Cr
₹1 Cr
₹0 Cr
₹35 Cr
Globus Spirits Ltd · GLOBUSSPR
₹173 Cr
₹173 Cr
₹180 Cr
₹180 Cr
₹255 Cr
₹255 Cr
₹291 Cr
₹291 Cr
₹352 Cr
₹352 Cr
₹329 Cr
₹329 Cr
₹416 Cr
₹416 Cr
₹527 Cr
₹527 Cr
₹467 Cr
₹467 Cr
₹527 Cr
₹527 Cr
India Glycols Ltd · INDIAGLYCO
₹832 Cr
₹832 Cr
₹1.0K Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.3K Cr
₹1.3K Cr
₹1.7K Cr
₹1.7K Cr
₹1.9K Cr
₹1.9K Cr
₹2.1K Cr
₹2.1K Cr
₹1.7K Cr
—
Piccadily Agro Industries Ltd · PICCADIL
₹93 Cr
₹93 Cr
₹135 Cr
₹135 Cr
₹128 Cr
—
₹154 Cr
₹154 Cr
₹163 Cr
₹163 Cr
₹172 Cr
₹172 Cr
₹209 Cr
₹209 Cr
₹308 Cr
₹308 Cr
₹324 Cr
—
₹531 Cr
—
Radico Khaitan Ltd · RADICO
₹204 Cr
₹204 Cr
₹202 Cr
₹202 Cr
₹410 Cr
₹410 Cr
₹754 Cr
₹754 Cr
₹883 Cr
₹883 Cr
₹818 Cr
₹818 Cr
₹903 Cr
₹903 Cr
₹750 Cr
₹750 Cr
₹624 Cr
₹624 Cr
₹498 Cr
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
₹169 Cr
₹169 Cr
₹197 Cr
₹197 Cr
₹176 Cr
₹176 Cr
₹242 Cr
₹242 Cr
₹159 Cr
₹159 Cr
₹191 Cr
₹166 Cr
₹127 Cr
₹127 Cr
₹171 Cr
₹171 Cr
₹200 Cr
₹200 Cr
₹212 Cr
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
₹240 Cr
₹240 Cr
—
—
₹203 Cr
₹203 Cr
₹277 Cr
₹277 Cr
₹324 Cr
₹324 Cr
₹351 Cr
₹351 Cr
₹315 Cr
₹315 Cr
₹400 Cr
₹400 Cr
₹333 Cr
—
Tilaknagar Industries Ltd · TI
₹514 Cr
₹514 Cr
₹585 Cr
₹585 Cr
₹487 Cr
₹487 Cr
₹256 Cr
₹256 Cr
₹190 Cr
₹190 Cr
₹121 Cr
₹121 Cr
₹94 Cr
₹94 Cr
₹44 Cr
₹44 Cr
₹49 Cr
₹49 Cr
₹2.3K Cr
—
United Breweries Ltd · UBL
₹230 Cr
₹230 Cr
₹10 Cr
₹10 Cr
₹12 Cr
₹12 Cr
₹16 Cr
₹16 Cr
₹15 Cr
₹15 Cr
₹102 Cr
₹102 Cr
₹127 Cr
₹127 Cr
₹620 Cr
₹620 Cr
₹777 Cr
₹777 Cr
₹1.3K Cr
—
United Spirits Ltd · UNITDSPR
₹1.0K Cr
₹1.0K Cr
₹605 Cr
₹605 Cr
₹557 Cr
₹557 Cr
₹183 Cr
₹183 Cr
₹203 Cr
₹203 Cr
₹265 Cr
₹265 Cr
₹518 Cr
₹518 Cr
₹480 Cr
₹480 Cr
₹412 Cr
₹412 Cr
₹413 Cr
—
Net debt · reported quarter history
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
₹843 Cr
—
—
—
₹765 Cr
—
—
—
₹790 Cr
₹760 Cr
₹614 Cr
₹614 Cr
₹801 Cr
₹801 Cr
₹899 Cr
₹899 Cr
₹1.0K Cr
—
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
₹-85 Cr
₹-85 Cr
₹-76 Cr
₹-76 Cr
₹-74 Cr
₹-74 Cr
₹37 Cr
₹23 Cr
₹19 Cr
₹19 Cr
₹72 Cr
₹72 Cr
₹35 Cr
₹35 Cr
₹101 Cr
₹101 Cr
₹59 Cr
₹59 Cr
₹41 Cr
₹41 Cr
G M Breweries Ltd · GMBREW⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹-38 Cr
₹-38 Cr
₹-107 Cr
₹-107 Cr
₹24 Cr
₹24 Cr
Globus Spirits Ltd · GLOBUSSPR
₹89 Cr
₹89 Cr
₹104 Cr
₹104 Cr
₹196 Cr
₹196 Cr
₹256 Cr
₹256 Cr
₹296 Cr
₹296 Cr
₹250 Cr
₹251 Cr
₹332 Cr
₹332 Cr
₹448 Cr
₹448 Cr
₹361 Cr
₹361 Cr
₹456 Cr
₹456 Cr
India Glycols Ltd · INDIAGLYCO
₹707 Cr
₹707 Cr
₹1.0K Cr
₹945 Cr
₹1.0K Cr
₹1.0K Cr
₹1.1K Cr
₹999 Cr
₹1.0K Cr
₹1.0K Cr
₹1.3K Cr
₹1.2K Cr
₹1.6K Cr
₹1.6K Cr
₹1.9K Cr
₹1.8K Cr
₹2.0K Cr
₹2.0K Cr
₹1.6K Cr
—
Piccadily Agro Industries Ltd · PICCADIL
₹89 Cr
₹89 Cr
₹127 Cr
₹126 Cr
₹123 Cr
—
₹148 Cr
₹148 Cr
₹159 Cr
₹159 Cr
₹158 Cr
₹153 Cr
₹-25 Cr
₹-25 Cr
₹299 Cr
₹260 Cr
—
—
₹382 Cr
—
Radico Khaitan Ltd · RADICO
₹130 Cr
₹130 Cr
₹93 Cr
₹92 Cr
₹298 Cr
₹298 Cr
₹624 Cr
₹623 Cr
₹828 Cr
₹828 Cr
₹719 Cr
₹719 Cr
₹832 Cr
₹832 Cr
₹693 Cr
₹693 Cr
₹570 Cr
₹570 Cr
₹410 Cr
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
₹157 Cr
₹157 Cr
₹192 Cr
₹188 Cr
₹163 Cr
₹163 Cr
₹237 Cr
₹229 Cr
₹143 Cr
₹143 Cr
₹184 Cr
₹153 Cr
₹106 Cr
₹106 Cr
₹152 Cr
₹151 Cr
₹181 Cr
₹181 Cr
₹195 Cr
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
₹230 Cr
₹230 Cr
—
—
₹187 Cr
₹187 Cr
₹254 Cr
₹254 Cr
₹227 Cr
₹227 Cr
₹336 Cr
₹336 Cr
₹308 Cr
₹308 Cr
₹379 Cr
₹379 Cr
₹326 Cr
—
Tilaknagar Industries Ltd · TI
₹473 Cr
₹473 Cr
₹514 Cr
₹514 Cr
₹410 Cr
₹410 Cr
₹190 Cr
₹190 Cr
₹141 Cr
₹141 Cr
₹82 Cr
₹78 Cr
₹-21 Cr
₹-21 Cr
₹-67 Cr
₹-67 Cr
₹-1.1K Cr
₹-1.1K Cr
₹1.9K Cr
—
United Breweries Ltd · UBL
₹-420 Cr
₹-420 Cr
₹-861 Cr
₹-861 Cr
₹-767 Cr
₹-767 Cr
₹-321 Cr
₹-321 Cr
₹-637 Cr
₹-637 Cr
₹-40 Cr
₹-40 Cr
₹-27 Cr
₹-27 Cr
₹269 Cr
₹269 Cr
₹483 Cr
₹483 Cr
₹745 Cr
—
United Spirits Ltd · UNITDSPR
₹944 Cr
₹944 Cr
₹328 Cr
₹328 Cr
₹-757 Cr
₹-757 Cr
₹-956 Cr
₹-188 Cr
₹-1.7K Cr
₹-1.7K Cr
₹-1.6K Cr
₹-1.6K Cr
₹-1.6K Cr
₹-1.6K Cr
₹-2.4K Cr
₹-2.4K Cr
₹-2.3K Cr
₹-2.3K Cr
₹-2.7K Cr
—
06 · compare level, then change
Return On Capital Employed
United Spirits Ltd has the highest ROCE among the 14 Alcoholic Beverages companies compared here, at 26.4%. Radico Khaitan Ltd is next at 24.2%. Jagatjit Industries Ltd has the highest ROCE change at +9 percentage points, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: United Spirits Ltd leads ROCE at 26.4%, 2.2 percentage points above Radico Khaitan Ltd. Jagatjit Industries Ltd has the strongest latest improvement at +9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderUnited Spirits Ltd · 26.4%
Gap9.1% versus #2 · Radico Khaitan Ltd
Persistence4/8 recent comparable periods
Coverage14/14 companies · 188 observations
Investor read: United Spirits Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1United Spirits Ltd UNITDSPR26%
2Radico Khaitan Ltd RADICO24%
3Allied Blenders & Distillers Ltd ABDL18%
4Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified18%
5G M Breweries Ltd GMBREW⚠ unverified18%
ROCE changefastest improvers
1Jagatjit Industries Ltd JAGAJITIND+9.0 pp
2Globus Spirits Ltd GLOBUSSPR+7.4 pp
3Radico Khaitan Ltd RADICO+6.9 pp
4IFB Agro Industries Ltd IFBAGRO⚠ unverified+4.8 pp
5G M Breweries Ltd GMBREW⚠ unverified+3.7 pp
Return on capital · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Radico Khaitan Ltd RADICO | 24% | +6.9 pp | Mar 2026 |
| United Spirits Ltd UNITDSPR | 24% | −4.6 pp | Jun 2026 |
| Allied Blenders & Distillers Ltd ABDL | 24% | +1.2 pp | Jun 2026 |
| G M Breweries Ltd GMBREW⚠ unverified | 22% | +3.7 pp | Jun 2026 |
| Piccadily Agro Industries Ltd PICCADIL | 21% | +1.9 pp | Mar 2026 |
| Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified | 18% | −5.4 pp | Jun 2026 |
| Globus Spirits Ltd GLOBUSSPR | 15% | +7.4 pp | Jun 2026 |
| United Breweries Ltd UBL | 12% | −2.2 pp | Mar 2026 |
| India Glycols Ltd INDIAGLYCO | 11% | −0.4 pp | Mar 2026 |
| Sula Vineyards Ltd SULA⚠ unverified | 9.1% | −7.3 pp | Mar 2026 |
| IFB Agro Industries Ltd IFBAGRO⚠ unverified | 8.5% | +4.8 pp | Mar 2026 |
| Tilaknagar Industries Ltd TI | 6.9% | −18.0 pp | Mar 2026 |
| Som Distilleries & Breweries Ltd SDBL⚠ unverified | 6.2% | −11.0 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
5.0%
—
—
—
12%
—
—
31%
30%
34%
16%
30%
22%
38%
24%
29%
24%
—
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
29%
—
21%
—
17%
—
11%
—
12%
—
13%
—
15%
—
20%
23%
18%
21%
16%
18%
G M Breweries Ltd · GMBREW⚠ unverified
18%
—
15%
—
16%
—
16%
—
16%
20%
12%
25%
12%
24%
12%
18%
13%
22%
16%
22%
Globus Spirits Ltd · GLOBUSSPR
34%
—
29%
—
20%
—
17%
—
16%
—
8.9%
7.7%
5.2%
5.4%
5.5%
7.1%
7.9%
12%
12%
15%
India Glycols Ltd · INDIAGLYCO
5.7%
—
6.5%
—
6.7%
—
7.8%
—
9.5%
11%
9.8%
12%
9.8%
12%
11%
14%
12%
14%
11%
—
Piccadily Agro Industries Ltd · PICCADIL
19%
—
21%
—
15%
—
15%
—
19%
37%
31%
45%
21%
32%
20%
28%
—
27%
21%
—
Radico Khaitan Ltd · RADICO
19%
—
16%
—
14%
—
11%
—
12%
15%
14%
15%
15%
17%
17%
21%
21%
25%
24%
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
-2.2%
—
0.8%
—
13%
—
15%
—
16%
22%
18%
22%
20%
22%
17%
19%
17%
17%
6.2%
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
16%
—
—
—
22%
—
24%
29%
23%
25%
21%
20%
16%
15%
13%
10%
9.1%
—
Tilaknagar Industries Ltd · TI
9.7%
—
16%
—
14%
—
20%
—
19%
28%
21%
26%
23%
24%
25%
33%
14%
11%
6.9%
—
United Breweries Ltd · UBL
12%
—
13%
—
18%
—
10%
—
8.3%
11%
12%
15%
14%
14%
14%
15%
12%
14%
12%
—
United Spirits Ltd · UNITDSPR
27%
—
26%
—
25%
—
19%
—
22%
27%
24%
29%
22%
27%
28%
28%
19%
28%
24%
—
ROCE change · reported quarter history
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
—
—
—
—
+6.8 pp
—
—
—
+17.7 pp
—
—
−1.5 pp
−7.1 pp
+3.2 pp
+8.0 pp
−1.0 pp
+1.2 pp
—
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
—
—
—
—
−12.4 pp
—
−10.2 pp
—
−4.2 pp
—
+1.9 pp
—
+2.7 pp
—
+6.6 pp
—
+3.4 pp
—
−3.3 pp
−5.4 pp
G M Breweries Ltd · GMBREW⚠ unverified
—
—
—
—
−2.3 pp
—
+1.1 pp
—
+0.6 pp
—
−3.9 pp
—
−4.0 pp
+3.9 pp
−0.3 pp
−6.7 pp
+1.1 pp
−1.2 pp
+4.3 pp
+3.7 pp
Globus Spirits Ltd · GLOBUSSPR
—
—
—
—
−14.7 pp
—
−12.4 pp
—
−4.1 pp
—
−7.9 pp
—
−10.4 pp
—
−3.4 pp
−0.6 pp
+2.7 pp
+6.8 pp
+6.2 pp
+7.4 pp
India Glycols Ltd · INDIAGLYCO
—
—
—
—
+1.0 pp
—
+1.3 pp
—
+2.8 pp
—
+2.0 pp
—
+0.3 pp
+1.4 pp
+1.6 pp
+1.9 pp
+2.0 pp
+1.3 pp
−0.4 pp
—
Piccadily Agro Industries Ltd · PICCADIL
—
—
—
—
−4.2 pp
—
−6.3 pp
—
+4.2 pp
—
+15.8 pp
—
+2.4 pp
−4.5 pp
−11.3 pp
−17.0 pp
—
−5.0 pp
+1.9 pp
—
Radico Khaitan Ltd · RADICO
—
—
—
—
−5.1 pp
—
−4.8 pp
—
−2.0 pp
—
+2.7 pp
—
+3.6 pp
+1.8 pp
+3.6 pp
+5.2 pp
+5.9 pp
+7.8 pp
+6.9 pp
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
—
—
—
—
+15.2 pp
—
+13.7 pp
—
+3.0 pp
—
+3.1 pp
—
+3.9 pp
+0.6 pp
−0.4 pp
−2.6 pp
−3.4 pp
−5.4 pp
−11.0 pp
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
—
—
—
+5.6 pp
—
—
—
+1.0 pp
—
−2.2 pp
−8.6 pp
−6.1 pp
−9.4 pp
−8.4 pp
−9.6 pp
−7.3 pp
—
Tilaknagar Industries Ltd · TI
—
—
—
—
+4.7 pp
—
+4.1 pp
—
+4.9 pp
—
+1.5 pp
—
+4.1 pp
−4.0 pp
+3.7 pp
+7.3 pp
−9.8 pp
−13.4 pp
−18.0 pp
—
United Breweries Ltd · UBL
—
—
—
—
+5.9 pp
—
−2.6 pp
—
−9.9 pp
—
+1.4 pp
—
+5.2 pp
+2.8 pp
+2.2 pp
−0.1 pp
−1.8 pp
+0.1 pp
−2.2 pp
—
United Spirits Ltd · UNITDSPR
—
—
—
—
−1.7 pp
—
−7.2 pp
—
−3.2 pp
—
+5.1 pp
—
+0.2 pp
−0.7 pp
+4.6 pp
−1.6 pp
−2.9 pp
+1.9 pp
−4.6 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
Tilaknagar Industries Ltd has the lowest Guarded PEG among the 14 Alcoholic Beverages companies compared here, at 0.58×. India Glycols Ltd is next at 0.77×. G M Breweries Ltd has the lowest P/E at 15×, so level and change sit with different companies. 6 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Tilaknagar Industries Ltd has the lowest comparable Guarded PEG at 0.58×, 24.7% below India Glycols Ltd. Only 6 of 14 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderTilaknagar Industries Ltd · 0.58×
Gap24.7% versus #2 · India Glycols Ltd
Persistence0/8 recent comparable periods
Coverage6/14 companies · 46 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Tilaknagar Industries Ltd TI0.6
2India Glycols Ltd INDIAGLYCO0.8
3Piccadily Agro Industries Ltd PICCADIL1.8
4Radico Khaitan Ltd RADICO1.9
5United Spirits Ltd UNITDSPR3.1
P/Elowest P/E
1G M Breweries Ltd GMBREW⚠ unverified15.0
2IFB Agro Industries Ltd IFBAGRO⚠ unverified16.3
3Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified20.0
4Globus Spirits Ltd GLOBUSSPR25.5
5India Glycols Ltd INDIAGLYCO26.4
Valuation · company comparison
6/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| United Breweries Ltd UBL | 10.3 | 98.1 | Mar 2026 |
| Allied Blenders & Distillers Ltd ABDL | 4.1 | 76.0 | Jun 2026 |
| United Spirits Ltd UNITDSPR | 3.1 | 51.9 | Jun 2026 |
| Radico Khaitan Ltd RADICO | 1.9 | 66.7 | Mar 2026 |
| Piccadily Agro Industries Ltd PICCADIL | 1.8 | 39.0 | Mar 2026 |
| India Glycols Ltd INDIAGLYCO | 0.8 | 20.6 | Mar 2026 |
| Tilaknagar Industries Ltd TI | 0.6 | 31.4 | Mar 2026 |
| Globus Spirits Ltd GLOBUSSPR | — | 27.4 | Jun 2026 |
| G M Breweries Ltd GMBREW⚠ unverified | — | 16.8 | Jun 2026 |
| Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified | — | 19.5 | Jun 2026 |
| Som Distilleries & Breweries Ltd SDBL⚠ unverified | — | 15.7 | Mar 2026 |
| Sula Vineyards Ltd SULA⚠ unverified | — | 40.5 | Mar 2026 |
| IFB Agro Industries Ltd IFBAGRO⚠ unverified | — | 14.2 | Mar 2026 |
| Jagatjit Industries Ltd JAGAJITIND | — | 29.0 | Mar 2026 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
Allied Blenders & Distillers Ltd · ABDL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
4.1
India Glycols Ltd · INDIAGLYCO
—
—
—
—
—
—
—
—
—
—
—
0.3
0.5
0.6
0.3
1.3
0.6
1.4
0.8
—
Piccadily Agro Industries Ltd · PICCADIL
0.5
0.4
0.3
—
1.4
—
—
0.6
7.3
—
—
4.0
—
—
—
2.9
2.8
—
1.8
—
Radico Khaitan Ltd · RADICO
1.6
1.9
2.3
—
—
—
—
—
—
—
9.1
4.8
5.5
5.9
4.9
3.3
1.9
—
—
—
Tilaknagar Industries Ltd · TI
—
—
—
—
—
—
—
—
—
—
—
—
0.7
0.8
0.6
—
—
—
—
—
United Breweries Ltd · UBL
—
—
—
—
—
—
—
—
—
—
—
5.9
3.5
—
4.1
10.3
—
—
—
—
United Spirits Ltd · UNITDSPR
—
—
—
—
—
—
1.4
—
8.6
—
11.3
—
5.9
6.7
4.5
—
4.3
2.7
2.2
3.1
P/E · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
—
—
—
—
—
—
—
—
—
—
182.6
213.3
75.4
61.1
60.0
66.8
41.4
76.0
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
70.3
84.4
79.0
72.9
86.3
70.7
53.5
65.9
77.7
80.3
78.1
110.3
156.0
174.5
231.2
25.0
19.6
20.3
14.5
19.5
G M Breweries Ltd · GMBREW⚠ unverified
11.2
15.1
14.0
10.9
11.4
10.9
9.8
10.3
12.9
12.9
7.7
9.3
13.6
12.0
11.0
12.9
12.5
21.2
18.1
16.8
Globus Spirits Ltd · GLOBUSSPR
22.5
20.8
24.1
14.9
13.8
13.6
12.6
20.4
14.2
14.2
13.6
15.7
49.2
41.0
168.3
118.1
119.5
61.9
31.4
27.4
India Glycols Ltd · INDIAGLYCO
11.2
14.1
15.3
10.6
15.7
15.5
13.3
17.4
16.5
16.5
13.7
15.8
20.9
20.8
16.4
27.4
21.2
24.5
20.6
—
Piccadily Agro Industries Ltd · PICCADIL
8.7
10.9
12.0
12.0
14.3
21.0
17.8
29.2
42.1
77.8
59.4
79.7
78.7
90.9
50.3
52.8
58.9
48.8
39.0
—
Radico Khaitan Ltd · RADICO
40.7
56.6
41.8
41.9
52.8
55.0
70.1
73.3
71.0
93.5
92.0
91.1
102.5
119.7
106.3
100.8
95.5
95.6
66.7
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
—
—
-44.4
17.8
30.0
22.3
22.4
32.5
39.6
29.3
24.7
25.9
24.1
21.4
24.8
32.8
26.7
21.7
15.7
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
—
—
50.0
55.2
45.6
44.8
46.5
49.5
45.3
43.1
40.3
32.1
36.6
38.9
39.1
40.5
—
Tilaknagar Industries Ltd · TI
-442.8
110.6
87.6
32.0
42.1
50.1
39.1
35.5
38.2
39.4
29.9
34.2
36.1
43.4
23.8
29.4
30.8
33.6
31.4
—
United Breweries Ltd · UBL
164.5
125.3
112.9
108.1
90.9
81.7
76.8
118.6
132.3
165.9
135.5
128.1
128.9
113.7
120.4
113.8
100.9
112.9
98.1
—
United Spirits Ltd · UNITDSPR
84.3
74.5
71.4
57.7
52.8
56.1
45.8
63.4
59.1
63.3
64.9
65.5
82.3
79.9
69.4
63.0
58.8
59.3
50.6
51.9
08 · compare level, then change
Enterprise Value & Book Value
IFB Agro Industries Ltd has the lowest EV/EBITDA among the 14 Alcoholic Beverages companies compared here, at 7×. Som Distilleries & Breweries Ltd is next at 8.8×. The same company also holds the lowest P/BV, at 1.38×. 14 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: IFB Agro Industries Ltd leads both ev/ebitda at 7× and p/bv at 1.38×.
LeaderIFB Agro Industries Ltd · 7×
Gap20.5% versus #2 · Som Distilleries & Breweries Ltd
Persistence0/8 recent comparable periods
Coverage14/14 companies · 254 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1IFB Agro Industries Ltd IFBAGRO⚠ unverified7.0
2Som Distilleries & Breweries Ltd SDBL⚠ unverified8.8
3Globus Spirits Ltd GLOBUSSPR11.0
4G M Breweries Ltd GMBREW⚠ unverified11.3
5India Glycols Ltd INDIAGLYCO11.6
P/BVlowest P/BV
1IFB Agro Industries Ltd IFBAGRO⚠ unverified1.4
2G M Breweries Ltd GMBREW⚠ unverified1.9
3Som Distilleries & Breweries Ltd SDBL⚠ unverified2.0
4Sula Vineyards Ltd SULA⚠ unverified2.2
5Globus Spirits Ltd GLOBUSSPR2.4
Enterprise and book valuation · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| United Breweries Ltd UBL | 46.4 | 9.5 | Mar 2026 |
| Radico Khaitan Ltd RADICO | 38.9 | 11.9 | Mar 2026 |
| United Spirits Ltd UNITDSPR | 33.1 | 12.4 | Jun 2026 |
| Allied Blenders & Distillers Ltd ABDL | 32.5 | 10.5 | Jun 2026 |
| Tilaknagar Industries Ltd TI | 25.7 | 5.3 | Mar 2026 |
| Piccadily Agro Industries Ltd PICCADIL | 23.5 | 6.5 | Mar 2026 |
| Sula Vineyards Ltd SULA⚠ unverified | 15.2 | 2.2 | Mar 2026 |
| Jagatjit Industries Ltd JAGAJITIND | 13.6 | 36.1 | Mar 2026 |
| Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified | 11.9 | 2.5 | Jun 2026 |
| India Glycols Ltd INDIAGLYCO | 11.6 | 2.5 | Mar 2026 |
| G M Breweries Ltd GMBREW⚠ unverified | 11.3 | 2.0 | Jun 2026 |
| Globus Spirits Ltd GLOBUSSPR | 11.0 | 2.3 | Jun 2026 |
| Som Distilleries & Breweries Ltd SDBL⚠ unverified | 8.8 | 1.7 | Mar 2026 |
| IFB Agro Industries Ltd IFBAGRO⚠ unverified | 7.0 | 1.0 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
—
—
—
—
—
—
—
—
—
—
41.5
40.7
25.3
28.0
30.7
34.8
22.4
32.5
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
24.3
29.0
27.2
25.1
29.6
24.4
18.7
22.8
26.8
27.6
26.9
37.5
52.7
59.6
78.3
15.6
13.2
13.3
10.0
11.9
G M Breweries Ltd · GMBREW⚠ unverified
10.9
14.7
13.7
10.4
10.7
10.3
8.1
8.5
10.8
11.3
10.7
12.9
19.3
15.7
11.5
9.5
9.1
15.9
13.5
11.3
Globus Spirits Ltd · GLOBUSSPR
12.9
11.9
13.8
8.7
8.1
8.0
7.4
11.7
8.3
8.3
7.8
9.0
24.6
19.3
23.7
18.8
20.5
15.9
11.4
11.0
India Glycols Ltd · INDIAGLYCO
9.6
10.5
11.3
10.2
11.3
10.9
8.9
8.8
8.7
8.6
7.7
8.4
10.6
11.3
9.5
13.2
11.6
13.8
11.6
—
Piccadily Agro Industries Ltd · PICCADIL
5.2
6.0
6.6
6.5
7.4
9.2
8.4
12.9
17.8
33.7
30.5
46.6
46.1
53.5
28.0
29.5
34.4
28.1
23.5
—
Radico Khaitan Ltd · RADICO
27.6
37.7
27.9
27.3
34.7
35.5
43.5
43.5
41.6
52.8
49.3
47.0
52.0
60.0
53.9
52.2
51.6
53.4
38.9
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
85.5
61.9
35.3
33.9
16.9
14.8
16.0
21.6
25.4
18.7
15.9
15.8
14.2
12.3
14.4
20.3
15.7
12.6
8.8
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
—
—
25.8
28.4
24.9
24.5
25.7
27.0
24.2
22.9
21.5
16.6
18.8
18.5
17.8
15.2
—
Tilaknagar Industries Ltd · TI
12.8
20.0
14.6
14.2
15.9
19.9
20.1
22.4
25.3
26.9
21.5
25.3
26.9
34.1
19.4
25.2
26.7
33.5
25.7
—
United Breweries Ltd · UBL
67.3
57.3
52.2
54.1
49.2
45.8
42.0
58.7
65.5
79.5
68.0
67.7
69.4
61.6
62.1
59.0
52.1
53.4
46.4
—
United Spirits Ltd · UNITDSPR
44.5
42.8
41.2
34.2
33.0
35.0
32.9
44.9
39.8
42.8
40.4
41.4
51.4
49.9
42.4
39.7
35.9
37.2
32.3
33.1
P/BV · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Allied Blenders & Distillers Ltd · ABDL
—
—
—
—
—
—
—
—
—
—
—
—
6.7
8.4
6.1
7.7
9.3
11.0
7.1
10.5
Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified
11.3
13.6
12.8
11.8
13.9
11.4
8.6
10.6
12.5
12.9
12.6
17.8
25.2
4.2
5.6
26.6
3.3
3.1
2.2
2.5
G M Breweries Ltd · GMBREW⚠ unverified
2.1
2.8
2.2
1.8
1.8
1.8
1.4
1.6
1.9
1.8
1.4
1.8
2.5
2.2
1.5
1.8
1.7
2.9
2.5
2.0
Globus Spirits Ltd · GLOBUSSPR
6.8
6.3
7.3
4.5
4.2
4.1
3.8
6.2
4.3
4.3
3.3
3.8
3.7
2.6
3.1
2.8
3.0
2.8
2.3
2.3
India Glycols Ltd · INDIAGLYCO
1.8
1.7
1.8
1.8
1.4
1.3
1.1
1.0
1.1
1.2
1.2
1.4
1.9
1.9
1.6
3.1
2.3
2.7
2.5
—
Piccadily Agro Industries Ltd · PICCADIL
1.1
1.4
1.5
1.9
1.6
1.8
2.1
2.8
4.7
10.2
11.2
29.8
20.6
15.4
8.8
15.9
9.3
6.9
6.5
—
Radico Khaitan Ltd · RADICO
6.7
8.7
6.3
6.2
6.6
6.4
7.9
8.0
7.3
9.6
10.0
10.8
11.3
13.3
12.7
14.2
14.0
14.9
11.9
—
Som Distilleries & Breweries Ltd · SDBL⚠ unverified
1.0
1.1
1.7
1.7
2.6
2.6
3.9
6.6
7.3
4.3
4.0
5.8
4.0
3.3
4.0
5.8
3.7
2.7
1.7
—
Sula Vineyards Ltd · SULA⚠ unverified
—
—
—
—
—
—
6.7
7.2
7.4
8.0
8.8
7.6
7.4
6.3
4.2
4.4
3.8
3.4
2.2
—
Tilaknagar Industries Ltd · TI
-29.5
-68.2
7.9
-37.9
6.4
8.1
11.2
14.1
7.8
8.1
7.1
9.5
8.6
10.6
6.2
10.3
9.7
4.9
5.3
—
United Breweries Ltd · UBL
11.8
11.4
10.4
11.0
11.4
11.4
9.6
10.2
10.4
11.8
11.4
13.2
13.8
12.7
12.5
12.4
10.8
9.9
9.5
—
United Spirits Ltd · UNITDSPR
14.6
14.6
14.4
13.4
10.6
11.1
11.1
13.4
12.2
11.9
12.1
15.5
16.3
15.1
13.3
14.7
11.6
12.4
10.8
12.4
09 · let price answer last
Market action
Radico Khaitan Ltd has the strongest one-year price move in Alcoholic Beverages at +50.8%. It also leads on Mansfield relative strength against NIFTY at +29.9%. 5 of 14 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Alcoholic Beverages comparison names 6 specific ways its own evidence can mislead, all listed below. All 14 companies here report on comparable dates, so no rank carries a stale marker. 5 draw at least one figure from a second feed with too little overlap to cross-check. 1 of the 8 ranked sections has fewer than three usable current readings.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 5 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set
Which companies are included?
All 14 companies in the canonical Alcoholic Beverages membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| United Spirits Ltd UNITDSPR | ₹1.1 L Cr | ₹1,467 | 2026-07-19 | Jun 2026 | Cross-checked |
| Radico Khaitan Ltd RADICOAHEAD | ₹54.8K Cr | ₹4,091 | 2026-07-19 | Mar 2026 | Cross-checked |
| United Breweries Ltd UBL | ₹37.0K Cr | ₹1,399 | 2026-07-19 | Mar 2026 | Cross-checked |
| Allied Blenders & Distillers Ltd ABDLAHEAD | ₹17.4K Cr | ₹621 | 2026-07-19 | Jun 2026 | Cross-checked |
| Tilaknagar Industries Ltd TI | ₹10.9K Cr | ₹442 | 2026-07-19 | Mar 2026 | Cross-checked |
| India Glycols Ltd INDIAGLYCOAHEAD | ₹7.8K Cr | ₹1,158 | 2026-07-19 | Mar 2026 | Cross-checked |
| Piccadily Agro Industries Ltd PICCADILAHEAD | ₹7.3K Cr | ₹737 | 2026-07-19 | Mar 2026 | Cross-checked |
| Globus Spirits Ltd GLOBUSSPRLAGGING, FUNDAMENTALS UP | ₹2.6K Cr | ₹880 | 2026-07-19 | Jun 2026 | Cross-checked |
| G M Breweries Ltd GMBREW⚠ unverified | ₹2.1K Cr | ₹904 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified | ₹1.6K Cr | ₹821 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| Som Distilleries & Breweries Ltd SDBL⚠ unverified | ₹1.5K Cr | ₹72.9 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Sula Vineyards Ltd SULA⚠ unverified | ₹1.3K Cr | ₹150 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| IFB Agro Industries Ltd IFBAGRO⚠ unverified | ₹932 Cr | ₹995 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Jagatjit Industries Ltd JAGAJITIND | ₹599 Cr | ₹128 | 2026-07-19 | Mar 2026 | Primary source only |
How each company's sources stand: 5 of 14 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 14 Alcoholic Beverages companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing8 cross-checked · 6 unverified · 0 withheld, of 14 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
Alcoholic Beverages company comparison FAQs
These 18 answers restate the Alcoholic Beverages comparison above in question form. Every one is computed from the same 14 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty Alcoholic Beverages index?
The Nifty Alcoholic Beverages index tracks India's listed Alcoholic Beverages companies as a single basket. This page follows the same 14 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Alcoholic Beverages sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Alcoholic Beverages stocks in India?
Ranked by this page's four-factor score, Radico Khaitan Ltd places first among 14 listed Alcoholic Beverages companies, followed by G M Breweries Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Alcoholic Beverages stocks are listed in India?
This comparison covers 14 listed Alcoholic Beverages companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Alcoholic Beverages company is the biggest?
United Spirits Ltd is the largest, with trailing-twelve-month revenue of ₹12,626 crore, ahead of United Breweries Ltd at ₹9,240 crore. That covers 14 of 14 companies with comparable reporting through Jun 2026.
Which Alcoholic Beverages company is growing fastest?
Tilaknagar Industries Ltd has the fastest revenue growth at 68.5% year on year, across 14 of 14 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Alcoholic Beverages company has the best profit margins?
G M Breweries Ltd has the highest operating margin at 23%, from 14 of 14 comparable companies. Radico Khaitan Ltd shows the biggest recent improvement, at +5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Alcoholic Beverages company makes the most profit?
United Spirits Ltd earns the most, at ₹1,884 crore of trailing-twelve-month net profit, from 14 of 14 comparable companies. Globus Spirits Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Alcoholic Beverages company earns the highest return on capital?
United Spirits Ltd leads on return on capital employed at 26.4%, across 14 of 14 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Alcoholic Beverages stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Tilaknagar Industries Ltd screens cheapest at 0.58×. Only 6 of 14 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Alcoholic Beverages company has the strongest balance sheet?
G M Breweries Ltd carries the lowest comparable gross debt at ₹35 crore, from 14 of 14 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Alcoholic Beverages stock has the strongest price momentum?
Radico Khaitan Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Alcoholic Beverages company scores highest for research priority?
Radico Khaitan Ltd scores 76 out of 100 with 95.6% evidence confidence, from 29.9 points on growth and earnings, 19.7 on capital efficiency, 6.8 on valuation and 19.6 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Alcoholic Beverages companies does this comparison cover, and over what period?
It compares 14 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Alcoholic Beverages sector?
The 14 Alcoholic Beverages companies on this page carry ₹2,52,422 crore of combined market value. United Spirits Ltd is the largest at ₹1,06,717 crore, about 42% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the Alcoholic Beverages sector's P/E ratio?
The median price-to-earnings ratio across the 14 Alcoholic Beverages companies on this page is 52.8×, measured on the 14 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the Alcoholic Beverages sector performing?
5 of the 14 covered Alcoholic Beverages companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.