Skip to content
Industry
This is research, not advice. We’re not SEBI-registered.

Allied Blenders & Distillers share price today

Allied Blenders & Distillers Ltd · NSE: ABDL · Alcoholic Beverages · price as of the 4 November 2026 close, updated every trading day · results updated weekly · research updated 28 October 2026

Allied Blenders & Distillers share price today: ₹697.50 at the NSE close on 4 November 2026, up 8.5% in a year. Allied Blenders & Distillers (NSE: ABDL) is worth ₹19,517 crore, trades at a P/E of 84.7 and has closed between ₹397.05 and ₹748.65 over the past 52 weeks. Latest change: revenue up on a year earlier for 9 quarters in a row.

Getting worseBusiness trend from the last 12 quarters
₹697.50Price +8.5% in a year
84.7×P/E higher than 81% of the last 2 years
₹1,148 CrRevenue (Sep 2026) +16.0% on a year ago
₹69.0 CrProfit (Sep 2026) +9.5% on a year ago
12.0%Operating margin −1.0 points on a year ago
18%ROCE FY26
10.2%ROIC against a 12.0% cost of capital: −1.8 points

Allied Blenders & Distillers Ltd's earnings have grown faster than its share price. Earnings per share grew +17.1% in a year while the price moved +8.5%.

The main question: profits are rising, but only −31% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch.

The price has been rising for 23 weeks, and the P/E is higher than 81% of its own last 2 years. Over the last four quarters, results have been improving, with profit +9.5% on a year earlier, and −31% of the last 3 years' profit came in as cash. What will decide it: whether the cash starts to follow the profit.

What is the Allied Blenders & Distillers share price today?

Allied Blenders & Distillers Ltd's share price was ₹697.50 at the close on 4 November 2026. It has been rising for 23 weeks. That is 15.8% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 10 weeks in a row.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Allied Blenders & Distillers Ltd is in stage 2. The phase helps read everything below.

In the last 52 weeks it traded between ₹397 and ₹749, and at that close it sat 85% of the way up from that low.

1Y

Nov 2026: ₹698, 15.8% above its 200-day average. The price has been rising for 23 weeks.

  • Price ₹698
  • 50-day avg ₹675
  • 200-day avg ₹602
Nov 2026: ₹698, 15.8% above its 200-day average. The price has been rising for 23 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025₹662₹551₹457
7 Nov 2025₹643₹567₹465
14 Nov 2025₹650₹579₹473
21 Nov 2025₹651₹594₹482
28 Nov 2025₹654₹605₹490
5 Dec 2025₹628₹607₹497
12 Dec 2025₹625₹609₹502
19 Dec 2025₹623₹611₹508
26 Dec 2025₹614₹612₹513
2 Jan 2026₹580₹610₹517
9 Jan 2026₹502₹596₹518
16 Jan 2026₹473₹579₹516
23 Jan 2026₹449₹554₹513
1 Feb 2026₹491₹539₹511
6 Feb 2026₹515₹534₹511
13 Feb 2026₹529₹531₹511
20 Feb 2026₹501₹529₹511
27 Feb 2026₹476₹522₹510
6 Mar 2026₹475₹513₹508
13 Mar 2026₹442₹504₹506
20 Mar 2026₹408₹489₹502
27 Mar 2026₹397₹475₹498
2 Apr 2026₹424₹468₹495
10 Apr 2026₹509₹467₹494
17 Apr 2026₹574₹476₹495
24 Apr 2026₹558₹492₹498
30 Apr 2026₹532₹500₹500
8 May 2026₹591₹510₹503
15 May 2026₹555₹520₹506
22 May 2026₹536₹523₹507
29 May 2026₹558₹526₹509
4 Jun 2026₹572₹531₹511
5 Jun 2026₹581₹533₹512
9 Jun 2026₹583₹536₹513
10 Jun 2026₹572₹538₹513
12 Jun 2026₹644₹545₹516
17 Jun 2026₹630₹554₹519
19 Jun 2026₹631₹560₹521
24 Jun 2026₹629₹568₹524
25 Jun 2026₹622₹570₹525
1 Jul 2026₹670₹581₹529
3 Jul 2026₹655₹587₹532
10 Jul 2026₹649₹603₹539
17 Jul 2026₹617₹607₹543
24 Jul 2026₹621₹608₹547
31 Jul 2026₹620₹613₹551
7 Aug 2026₹599₹612₹554
14 Aug 2026₹599₹613₹557
21 Aug 2026₹595₹611₹559
28 Aug 2026₹610₹612₹562
4 Sep 2026₹610₹612₹564
11 Sep 2026₹633₹611₹567
18 Sep 2026₹648₹616₹570
25 Sep 2026₹715₹628₹575
28 Sep 2026₹724₹631₹576
1 Oct 2026₹679₹640₹580
9 Oct 2026₹712₹651₹586
16 Oct 2026₹749₹666₹593
23 Oct 2026₹673₹671₹597
30 Oct 2026₹698₹675₹602
4 Nov 2026₹698₹675₹602
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: ₹698, 15.8% above its 200-day average. The price has been rising for 23 weeks.

  • Price ₹698
  • 50-day avg ₹675
  • 200-day avg ₹602
Nov 2026: ₹698, 15.8% above its 200-day average. The price has been rising for 23 weeks.
WeekPrice50-day avg200-day avg
5 Jul 2024₹344₹320₹318
12 Jul 2024₹329₹323₹319
19 Jul 2024₹304₹321₹319
26 Jul 2024₹315₹318₹318
2 Aug 2024₹301₹316₹318
9 Aug 2024₹292₹312₹316
16 Aug 2024₹301₹310₹316
23 Aug 2024₹330₹312₹316
30 Aug 2024₹359₹318₹317
6 Sep 2024₹342₹324₹319
13 Sep 2024₹354₹329₹321
20 Sep 2024₹346₹332₹322
27 Sep 2024₹341₹335₹323
4 Oct 2024₹320₹334₹324
11 Oct 2024₹328₹333₹324
18 Oct 2024₹331₹333₹324
25 Oct 2024₹300₹329₹323
1 Nov 2024₹327₹328₹324
8 Nov 2024₹327₹328₹324
14 Nov 2024₹316₹327₹324
22 Nov 2024₹315₹325₹323
29 Nov 2024₹337₹325₹323
6 Dec 2024₹368₹330₹325
13 Dec 2024₹372₹338₹327
20 Dec 2024₹387₹347₹330
27 Dec 2024₹422₹358₹333
3 Jan 2025₹437₹371₹338
10 Jan 2025₹415₹381₹343
17 Jan 2025₹404₹385₹345
24 Jan 2025₹394₹387₹348
1 Feb 2025₹401₹387₹350
7 Feb 2025₹392₹389₹353
14 Feb 2025₹327₹382₹352
21 Feb 2025₹332₹373₹351
28 Feb 2025₹312₹365₹350
7 Mar 2025₹335₹358₹349
13 Mar 2025₹321₹353₹348
21 Mar 2025₹320₹346₹346
28 Mar 2025₹306₹341₹345
4 Apr 2025₹310₹336₹344
11 Apr 2025₹319₹333₹342
17 Apr 2025₹320₹331₹342
25 Apr 2025₹321₹330₹341
2 May 2025₹306₹327₹340
9 May 2025₹329₹326₹339
16 May 2025₹390₹337₹341
23 May 2025₹395₹348₹344
30 May 2025₹400₹357₹346
6 Jun 2025₹428₹366₹349
13 Jun 2025₹423₹377₹353
20 Jun 2025₹423₹386₹357
27 Jun 2025₹425₹394₹360
4 Jul 2025₹433₹400₹364
11 Jul 2025₹447₹408₹368
18 Jul 2025₹480₹423₹373
25 Jul 2025₹460₹432₹378
1 Aug 2025₹511₹444₹384
8 Aug 2025₹496₹455₹390
14 Aug 2025₹492₹460₹394
22 Aug 2025₹522₹471₹400
29 Aug 2025₹505₹476₹404
5 Sep 2025₹501₹481₹409
12 Sep 2025₹546₹488₹415
19 Sep 2025₹550₹500₹421
26 Sep 2025₹515₹505₹427
3 Oct 2025₹553₹508₹430
10 Oct 2025₹545₹516₹436
17 Oct 2025₹552₹520₹441
24 Oct 2025₹618₹533₹448
31 Oct 2025₹662₹551₹457
7 Nov 2025₹643₹567₹465
14 Nov 2025₹650₹579₹473
21 Nov 2025₹651₹594₹482
28 Nov 2025₹654₹605₹490
5 Dec 2025₹628₹607₹497
12 Dec 2025₹625₹609₹502
19 Dec 2025₹623₹611₹508
26 Dec 2025₹614₹612₹513
2 Jan 2026₹580₹610₹517
9 Jan 2026₹502₹596₹518
16 Jan 2026₹473₹579₹516
23 Jan 2026₹449₹554₹513
1 Feb 2026₹491₹539₹511
6 Feb 2026₹515₹534₹511
13 Feb 2026₹529₹531₹511
20 Feb 2026₹501₹529₹511
27 Feb 2026₹476₹522₹510
6 Mar 2026₹475₹513₹508
13 Mar 2026₹442₹504₹506
20 Mar 2026₹408₹489₹502
27 Mar 2026₹397₹475₹498
2 Apr 2026₹424₹468₹495
10 Apr 2026₹509₹467₹494
17 Apr 2026₹574₹476₹495
24 Apr 2026₹558₹492₹498
30 Apr 2026₹532₹500₹500
8 May 2026₹591₹510₹503
15 May 2026₹555₹520₹506
22 May 2026₹536₹523₹507
29 May 2026₹558₹526₹509
4 Jun 2026₹572₹531₹511
5 Jun 2026₹581₹533₹512
9 Jun 2026₹583₹536₹513
10 Jun 2026₹572₹538₹513
12 Jun 2026₹644₹545₹516
17 Jun 2026₹630₹554₹519
19 Jun 2026₹631₹560₹521
24 Jun 2026₹629₹568₹524
25 Jun 2026₹622₹570₹525
1 Jul 2026₹670₹581₹529
3 Jul 2026₹655₹587₹532
10 Jul 2026₹649₹603₹539
17 Jul 2026₹617₹607₹543
24 Jul 2026₹621₹608₹547
31 Jul 2026₹620₹613₹551
7 Aug 2026₹599₹612₹554
14 Aug 2026₹599₹613₹557
21 Aug 2026₹595₹611₹559
28 Aug 2026₹610₹612₹562
4 Sep 2026₹610₹612₹564
11 Sep 2026₹633₹611₹567
18 Sep 2026₹648₹616₹570
25 Sep 2026₹715₹628₹575
28 Sep 2026₹724₹631₹576
1 Oct 2026₹679₹640₹580
9 Oct 2026₹712₹651₹586
16 Oct 2026₹749₹666₹593
23 Oct 2026₹673₹671₹597
30 Oct 2026₹698₹675₹602
4 Nov 2026₹698₹675₹602
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 2-year window.

Price stage: Rising from Oct 2025 to Mar 2026; Falling from Mar 2026 to Jun 2026; Rising from Jun 2026 to Oct 2026.

Price stage: Falling from Jul 2024 to Aug 2024; Sideways in Sep 2024; Rising from Sep 2024 to Nov 2024; Sideways in Dec 2024; Rising from Dec 2024 to Mar 2025; Falling from Apr 2025 to Jun 2025; Rising from Jun 2025 to Mar 2026; Falling from Mar 2026 to Jun 2026; Rising from Jun 2026 to Oct 2026.

Week by week since 2024: did it beat the NIFTY 500 over the past 13 weeks?

Ahead in 86 of 117 weeks

Week by week since 2024: did it beat the NIFTY 500 over the past 13 weeks?
Week13-week return vs NIFTY 500
5 Jul 2024no NIFTY 500 reading
12 Jul 2024no NIFTY 500 reading
19 Jul 2024no NIFTY 500 reading
26 Jul 2024no NIFTY 500 reading
2 Aug 2024no NIFTY 500 reading
9 Aug 2024no NIFTY 500 reading
16 Aug 2024no NIFTY 500 reading
23 Aug 2024no NIFTY 500 reading
30 Aug 2024no NIFTY 500 reading
6 Sep 2024no NIFTY 500 reading
13 Sep 2024no NIFTY 500 reading
20 Sep 2024no NIFTY 500 reading
27 Sep 2024no NIFTY 500 reading
4 Oct 2024−9.6%
11 Oct 2024−2.5%
18 Oct 2024+9.4%
25 Oct 2024−1.4%
1 Nov 2024+7.8%
8 Nov 2024+15.2%
14 Nov 2024+10.7%
22 Nov 2024−0.7%
29 Nov 2024−3.6%
6 Dec 2024+8.3%
13 Dec 2024+9.2%
20 Dec 2024+20.0%
27 Dec 2024+31.8%
3 Jan 2025+42.4%
10 Jan 2025+35.5%
17 Jan 2025+28.2%
24 Jan 2025+38.2%
1 Feb 2025+28.0%
7 Feb 2025+24.4%
14 Feb 2025+9.4%
21 Feb 2025+15.4%
28 Feb 2025+4.9%
7 Mar 2025+4.2%
13 Mar 2025−4.7%
21 Mar 2025−12.2%
28 Mar 2025−22.5%
4 Apr 2025−20.8%
11 Apr 2025−22.4%
17 Apr 2025−24.7%
25 Apr 2025−22.3%
2 May 2025−25.1%
9 May 2025−23.6%
16 May 2025+9.6%
23 May 2025+7.5%
30 May 2025+15.6%
6 Jun 2025+12.8%
13 Jun 2025+21.8%
20 Jun 2025+22.6%
27 Jun 2025+28.1%
4 Jul 2025+24.0%
11 Jul 2025+30.5%
18 Jul 2025+44.5%
25 Jul 2025+38.6%
1 Aug 2025+64.5%
8 Aug 2025+50.0%
14 Aug 2025+24.3%
22 Aug 2025+32.1%
29 Aug 2025+26.2%
5 Sep 2025+18.0%
12 Sep 2025+26.6%
19 Sep 2025+30.6%
26 Sep 2025+23.9%
3 Oct 2025+29.6%
10 Oct 2025+22.3%
17 Oct 2025+13.6%
24 Oct 2025+30.5%
31 Oct 2025+25.2%
7 Nov 2025+24.5%
14 Nov 2025+28.9%
21 Nov 2025+19.4%
28 Nov 2025+25.6%
5 Dec 2025+24.1%
12 Dec 2025+14.3%
19 Dec 2025+10.5%
26 Dec 2025+14.9%
2 Jan 2026+1.0%
9 Jan 2026−8.4%
16 Jan 2026−10.4%
23 Jan 2026−23.8%
1 Feb 2026−24.8%
6 Feb 2026−19.7%
13 Feb 2026−17.5%
20 Feb 2026−20.7%
27 Feb 2026−21.7%
6 Mar 2026−20.5%
13 Mar 2026−22.6%
20 Mar 2026−24.5%
27 Mar 2026−23.0%
2 Apr 2026−19.1%
10 Apr 2026+5.3%
17 Apr 2026+20.7%
24 Apr 2026+25.3%
30 Apr 2026+9.5%
8 May 2026+20.1%
15 May 2026+9.7%
22 May 2026+10.3%
29 May 2026+16.2%
4 Jun 2026+20.6%
5 Jun 2026+29.0%
9 Jun 2026+37.5%
10 Jun 2026+36.0%
12 Jun 2026+50.0%
17 Jun 2026+21.3%
19 Jun 2026+9.3%
24 Jun 2026+11.6%
25 Jun 2026+17.1%
1 Jul 2026+9.8%
3 Jul 2026+14.6%
10 Jul 2026+17.9%
17 Jul 2026+7.4%
24 Jul 2026+6.6%
31 Jul 2026+2.3%
7 Aug 2026−2.2%
14 Aug 2026+0.5%
21 Aug 2026−11.8%
28 Aug 2026−4.9%
4 Sep 2026−3.8%
11 Sep 2026+1.6%
18 Sep 2026+5.2%
25 Sep 2026+9.8%
28 Sep 2026+16.7%
1 Oct 2026+11.1%
9 Oct 2026+21.7%
16 Oct 2026+23.4%
23 Oct 2026+17.2%
30 Oct 2026+24.2%
4 Nov 2026+23.6%
Each bar is one week, from 2024 to now (117 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 2.3 years the share price moved +103% while the NIFTY 500 moved −5%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What changed at Allied Blenders & Distillers this quarter?

Three changes stood out: revenue up on a year earlier for 9 quarters in a row, indian funds and insurers (DIIs) raised their stake for 4 quarters in a row and profit grew again in the September 2026 quarter.

  1. Revenue up on a year earlier for 9 quarters in a row

    In the September 2026 quarter revenue was ₹1,148 crore, +16% on a year earlier.

  2. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row

    From 4.6% to 6.7% of the company by the September 2026 quarter.

  3. Profit grew again in the September 2026 quarter

    Profit was ₹69 crore, +9.5% on a year earlier (₹63 crore), after 2 quarters of decline.

What are Allied Blenders & Distillers' latest quarterly results?

For July to September 2026 (the quarter ended 30 September 2026), Allied Blenders & Distillers reported revenue of ₹1,148 crore, up 16.0% from ₹990 crore a year earlier, and a profit of ₹69.0 crore, up 9.5% from ₹63.0 crore.

Allied Blenders & Distillers results: July to September 2026 against a year earlier

Allied Blenders & Distillers results: July to September 2026 against a year earlier
MeasureJuly to September 2026July to September 2025Change
Revenue₹1,148 crore₹990 crore+16.0%
Profit₹69.0 crore₹63.0 crore+9.5%
Earnings per share₹2.56₹2.30+11.3%
Operating margin12.0%13.0%−1.0 points

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Allied Blenders & Distillers' management discussed these results on a call held on 28 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

What is the Allied Blenders & Distillers share price history?

Allied Blenders & Distillers closed at ₹697.50 on 4 November 2026, up 8.5% from ₹642.90 a year earlier (7 November 2025). Its highest weekly close since July 2024 was ₹748.65 on 16 October 2026.

Allied Blenders & Distillers share price: then and now

Allied Blenders & Distillers share price: then and now
WhenCloseChange to 4 Nov 2026
1 week ago · 30 Oct 2026₹698.25−0.1%
1 month ago · 1 Oct 2026₹679.45+2.7%
6 months ago · 8 May 2026₹591.30+18.0%
1 year ago · 7 Nov 2025₹642.90+8.5%
Earliest weekly close in our records · 5 Jul 2024₹344.05+102.7%
Highest weekly close since July 2024, also the 52-week high · 16 Oct 2026₹748.65−6.8%
Lowest weekly close since July 2024 · 9 Aug 2024₹292.25+138.7%
52-week low (weekly close) · 27 Mar 2026₹397.05+75.7%

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

130 weekly closes from 5 July 2024 to 4 November 2026.

What is the latest news on Allied Blenders & Distillers?

4 Nov 2026: Allied Blenders & Distillers closed at ₹697.50, down 0.1% on the week and up 2.7% on the month. 28 Oct 2026: Allied Blenders & Distillers held its results call for July to September 2026.

Earlier

  • Results for July to September 2026: Revenue up 16.0% and profit up 9.5% on a year earlier.
  • 25 Jun 2026: ex-date for a dividend of ₹5.40 a share, record date 26 Jun 2026.
  • Our read, 31 May 2026: A mass-market distiller turning margin-led via premiumization and backward integration, FY26 delivered record profit, but capital spending slippages and management consistency issues cloud the FY28 operating profit path.

Our read of the business

FY26 annual revenue ₹3,923 crore, operating profit ₹542 crore (operating margin 14%), profit ₹220 crore, seventh consecutive profitable quarter post-listing; operating margin expanded from 7% in FY24 to 14% in FY26. ,Iconic White reached 10.7 million cases FY26, P&A segment 57.7% of Q4 value; gross margin 48.2% in Q4 on premiumization and commodity tailwinds; adjusted profit ₹266 crore (+36.3% on a year earlier), highest-ever annual profit.

Latest quarter: Record annual profit; capital spending slippages confirmed; three-year margin roadmap issued.

Our read after the latest results, written 31 May 2026.

What dividend does Allied Blenders & Distillers pay?

Allied Blenders & Distillers paid ₹5.40 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.77% at the ₹697.50 close on 4 November 2026. The last was a dividend of ₹5.40 a share, ex-date 25 June 2026.

Allied Blenders & Distillers dividends since 1 April 2021

Allied Blenders & Distillers dividends since 1 April 2021
Ex-dateDividend per shareTypeRecord date
25 Jun 2026Dividend₹5.40Dividend26 Jun 2026
27 Jun 2025Dividend₹3.60Dividendsame day

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

1 of 5Of the last 5 financial years, years with an NSE dividend record

Yes. Allied Blenders & Distillers Ltd paid out 66% of its profit as dividends in FY26, and it paid a dividend in 2 of its last 7 reported years.

From the NSE corporate-actions record, read 5 November 2026.

What did Allied Blenders & Distillers management say on the latest results call?

On the call for July to September 2026, held on 28 October 2026, Allied Blenders & Distillers' management spoke about the quarter; the main points are below.

Source: the call transcript.

From the call for July to September 2026, 28 October 2026.

What is the future of Allied Blenders & Distillers? What is changing in the business?

What is changing at Allied Blenders & Distillers, from the latest results and calls: premiumization mix shift (p&a segment expansion), backward integration margin accretion (phase 1) and international expansion (export asset-light model).

  • Premiumization Mix Shift (P&A segment expansion). P&A segment went from 42% revenue mix in July to September 2024 to 57.7% in January to March 2026; Iconic White 10.7 million cases FY26 in the prestige category. ⚠ estimate
  • Backward Integration Margin Accretion (Phase 1). PET facility commissioned July to September 2025 delivering ~75 basis points gross margin accretion; 270 basis points of the 300 basis points Phase 1 goal contingent on malt distillery (H1 FY27) and ENA expansion (H1 FY28), both already slipped 1-2 quarters. ⚠ estimate
  • International Expansion (Export Asset-Light Model). Export revenue grew 14.1% to ₹225 crore FY26; footprint expanded from 14 to 36 countries in 24 months, asset-light model with higher margins than domestic. ⚠ estimate
  • Operating Leverage on Revenue Scaling. FY26 revenue grew 11.5% on a year earlier but operating profit grew 25.8% on a year earlier, the leverage ratio is improving as fixed cost dilution accelerates with scale. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 31 May 2026.

What could change the Allied Blenders & Distillers story? What are the risks?

Telangana license lottery created a 6-8 week pipeline disruption causing mass premium de-growth of 7.4% in October to December 2025; Telangana receivables totaled ₹700 crore outstanding as of Nov 2025.

The main risks

  • State excise regulatory disruption (Telangana, Maharashtra model risk): Telangana license lottery created a 6-8 week pipeline disruption causing mass premium de-growth of 7.4% in October to December 2025; Telangana receivables totaled ₹700 crore outstanding as of Nov 2025. ✓ fact
  • Backward integration timeline slippage (capital spending execution risk): Malt distillery and ENA expansion already slipped 1-2 quarters vs Nov 2025 guidance; further slippage would push 270 basis points of remaining Phase 1 operating profit accretion beyond FY28. ✓ fact
  • Input cost headwinds (West Asia geopolitics, glass bottle inflation, fuel): Management guided FY27 H1 margin pressure from West Asia geopolitical input cost impact, glass bottle inflation, and fuel/distribution cost increases. ✓ fact
  • Officer's Choice Blue / Sterling Reserve B7 market share decline: Sterling Reserve B7 de-growth persisted through October to December 2025 despite Nov 2025 guidance of trend reversal; Officer's Choice Blue decline arrest required July to September 2026 new packaging rollout. ✓ fact

Our read after the latest results, written 31 May 2026.

What to watch in Allied Blenders & Distillers' next results?

When Allied Blenders & Distillers reports October to December 2026, these are the 6 checks that show whether the story is still on course. First: Telangana price increase announcement and July to September 2026 revenue trend; Maharashtra volume trajectory April to June 2026.

Allied Blenders & Distillers: what to watch next quarter
What to checkWhy
Telangana price increase announcement and July to September 2026 revenue trend; Maharashtra volume trajectory April to June 2026.State excise regulatory disruption (Telangana, Maharashtra model risk)
Malt distillery commissioning announcement Q1-July to September 2026; ENA expansion operational status H2 FY27.Backward integration timeline slippage (capital spending execution risk)
April to June 2026 operating margin trajectory vs January to March 2026 17%; Telangana price increase approval date.Input cost headwinds (West Asia geopolitics, glass bottle inflation, fuel)
Sterling Reserve B7 April to June 2026 volume trend; Officer's Choice Blue market share exit-July to September 2026.Officer's Choice Blue / Sterling Reserve B7 market share decline
FY27 interim operating margin progression; number of guidance revisions in next 2 calls.Management guidance credibility discount on FY28 margin goals
FY27 earnings delivery vs consensus.

Which stock lists is Allied Blenders & Distillers on?

Allied Blenders & Distillers is on 2 of our India lists: Momentum stocks and Small & mid cap stocks.

Is Allied Blenders & Distillers profitable?

Allied Blenders & Distillers Ltd earned ₹69.0 Cr of net profit in the Sep 2026 quarter, +9.5% on the same quarter a year earlier. Full-year FY26 profit was ₹220 Cr. Over 6 years profit has grown 60.2% a year on average. That is 6.0% of the quarter's revenue. The same quarter a year earlier earned ₹63.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

2 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹220 Cr (+12.8% on the year before).

FY26 profit ₹220 Cr (+12.8% on the year before), 60.2% a year over 6 years

  • Net profit ₹220
FY26 profit ₹220 Cr (+12.8% on the year before), 60.2% a year over 6 years
QuarterNet profit
FY20₹13
FY21₹3
FY22₹1
FY23₹2
FY24₹2
FY25₹195
FY26₹220

Growth on a year earlier

  • Growth on a year earlier 12.8%
Growth on a year earlier
QuarterGrowth on a year earlier
FY20–
FY21−76.9%
FY22−66.7%
FY23100%
FY240%
FY259,650%
FY2612.8%
Top: net profit each year, ₹ Cr. Below: growth on the year before, %. 7-year window. A grey bar is lower than the year before.

Sep 2026: ₹69.0 Cr (+9.5% on a year earlier)

  • Net profit (quarterly) ₹69.0
Sep 2026: ₹69.0 Cr (+9.5% on a year earlier)
QuarterNet profit (quarterly)
Dec 2023−₹4
Mar 2024−₹2
Jun 2024₹11
Sep 2024₹48
Dec 2024₹57
Mar 2025₹79
Jun 2025₹56
Sep 2025₹63
Dec 2025₹64
Mar 2026₹38
Jun 2026₹45
Sep 2026₹69

Growth on a year earlier

  • Growth on a year earlier 9.5%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024336.4%
Dec 2024–
Mar 2025–
Jun 2025409.1%
Sep 202531.3%
Dec 202512.3%
Mar 2026−51.9%
Jun 2026−19.6%
Sep 20269.5%
Top: net profit each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +16.0% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −12.4% and revenue +8.6%. Profit is growing slower than sales: rising costs are taking part of the growth.

How much revenue does Allied Blenders & Distillers make, and is it growing?

Allied Blenders & Distillers Ltd reported ₹1,148 Cr of revenue in the Sep 2026 quarter, +16.0% on the same quarter a year earlier. That is the 9th quarter in a row with growth on the year before. Over 6 years it has grown 4.6% a year on average. The last full year, FY26, came in at ₹3,923 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Export business operates on an asset-light distributor model with structurally higher margins than domestic IMFL. Country count expanded from 14 to 36 in 24 months. The UK FTA (if approved Q2 FY27) would create tariff benefit on premium scotch imports. CSD channel (12 million case annual market) approvals for four brands open a new domestic high-margin distribution track.

The last four reported quarters add to ₹4,137 Cr.

FY26 revenue was ₹3,923 Cr, +11.4% on the year before.

FY26 revenue ₹3,923 Cr (+11.4% on the year before), 4.6% a year over 6 years

  • Revenue ₹3,923
FY26 revenue ₹3,923 Cr (+11.4% on the year before), 4.6% a year over 6 years
QuarterRevenue
FY20₹2,996
FY21₹2,348
FY22₹2,686
FY23₹3,147
FY24₹3,328
FY25₹3,520
FY26₹3,923

Growth on a year earlier

  • Growth on a year earlier 11.4%
Growth on a year earlier
QuarterGrowth on a year earlier
FY20–
FY21−21.6%
FY2214.4%
FY2317.2%
FY245.8%
FY255.8%
FY2611.4%
Top: revenue each year, ₹ Cr. Below: growth on the year before, %. 7-year window. A grey bar is lower than the year before.

Sep 2026: ₹1,148 Cr (+16.0% on a year earlier), the 9th quarter in a row of growth

  • Revenue (quarterly) ₹1,148
Sep 2026: ₹1,148 Cr (+16.0% on a year earlier), the 9th quarter in a row of growth
QuarterRevenue (quarterly)
Dec 2023₹895
Mar 2024₹768
Jun 2024₹758
Sep 2024₹868
Dec 2024₹974
Mar 2025₹921
Jun 2025₹923
Sep 2025₹990
Dec 2025₹1,003
Mar 2026₹1,007
Jun 2026₹979
Sep 2026₹1,148

Growth on a year earlier

  • Growth on a year earlier 16%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 2023–
Mar 2024−0.4%
Jun 2024−6.9%
Sep 20242%
Dec 20248.8%
Mar 202519.9%
Jun 202521.8%
Sep 202514.1%
Dec 20253%
Mar 20269.3%
Jun 20266.1%
Sep 202616%
Top: revenue each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +8.6% on average, against 4.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +8.6%, against +12.2% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −15.3%, against +101.9% a year (rolling over).

Watch next

Metric
International Expansion (Export Asset-Light Model)
Threshold
Telangana price increase announcement and Q2 FY27 revenue trend; Maharashtra volume trajectory Q1 FY27
Which result
the next result

How much of every ₹100 of sales does Allied Blenders & Distillers keep?

Allied Blenders & Distillers Ltd's operating margin was 12.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 7 years it has been between 6.0% and 14.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The premiumization driver is the dominant earnings engine. P&A volume grew 20.5% YoY in Q4 FY26 (4.4 million cases), with P&A segment contributing 57.7% of quarterly sales value. The gross margin differential between P&A and mass premium means every percentage point of mix shift lifts blended margins. Iconic White's 10.7 million cases FY26 is the visible anchor of this thesis; the strategy extends to Officer's Choice Blue stabilization and ABD Maestro's luxury portfolio.

Why the margin moved: operating margin changed −0.6 percentage points on the year while gross margin changed +0.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

FY26: 14.0%, the highest in a range of 6.0% to 14.0% over 7 years

  • Operating margin 14.0%
FY26: 14.0%, the highest in a range of 6.0% to 14.0% over 7 years
QuarterOperating margin
FY208%
FY218%
FY227%
FY236%
FY247%
FY2512%
FY2614%

Change on the year before (points)

  • Change on the year before (points) +2.0 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY20–
FY210.0 pts
FY22−1.0 pts
FY23−1.0 pts
FY24+1.0 pts
FY25+5.0 pts
FY26+2.0 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 7-year window.

Sep 2026: operating margin 12.0% (−1.0 points on a year earlier)

  • Operating margin 12.0%
Sep 2026: operating margin 12.0% (−1.0 points on a year earlier)
QuarterOperating margin
Dec 20237%
Mar 20248%
Jun 202410%
Sep 202412%
Dec 202412%
Mar 202515%
Jun 202512%
Sep 202513%
Dec 202514%
Mar 202617%
Jun 202612%
Sep 202612%

Change on a year earlier (points)

  • Change on a year earlier (points) −1.0 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Dec 2023–
Mar 2024+2.0 pts
Jun 2024+4.0 pts
Sep 2024+4.0 pts
Dec 2024+5.0 pts
Mar 2025+7.0 pts
Jun 2025+2.0 pts
Sep 2025+1.0 pts
Dec 2025+2.0 pts
Mar 2026+2.0 pts
Jun 20260.0 pts
Sep 2026−1.0 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Watch next

Metric
Premiumization Mix Shift (P&A segment expansion)
Threshold
Telangana price increase announcement and Q2 FY27 revenue trend; Maharashtra volume trajectory Q1 FY27
Which result
the next result

Is Allied Blenders & Distillers' profit turning into cash?

Over the last 3 years Allied Blenders & Distillers Ltd's operations used more cash than they brought in, so cash conversion was −31%, a gap worth watching. In FY26 it brought in ₹362 Cr of operating cash against ₹220 Cr of profit. After ₹310 Cr of spending on assets, ₹52.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash ₹362 Cr against profit ₹220 Cr; −31% of 3 years' profit came in as cash

  • Operating cash ₹362
  • Net profit ₹220
  • Free cash ₹52
FY26: operating cash ₹362 Cr against profit ₹220 Cr; −31% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY20₹595₹13–
FY21₹247₹3₹206
FY22₹179₹1₹79
FY23₹230₹2₹293
FY24₹186₹2₹66
FY25−₹678₹195−₹856
FY26₹362₹220₹52
Operating cash flow and net profit each year, ₹ Cr. The line is free cash flow: operating cash minus spending on assets. 7-year window, yearly figures.

FY26: operating cash was 165% of profit (−31% over three years)

  • Operating cash as % of profit 165%
  • Break-even line 100%
FY26: operating cash was 165% of profit (−31% over three years)
QuarterOperating cash as % of profitBreak-even line
FY20300%100%
FY21300%100%
FY22300%100%
FY23300%100%
FY24300%100%
FY25−348%100%
FY26165%100%
Operating cash as a share of net profit, each year, % (line). The flat line marks 100%, meaning all of the profit came in as cash; unusual years are drawn at the edge.

Why −31% of profit came in as cash: the cash cycle got 90 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 90 days longer. The next section looks at where the cash is stuck.

Where does Allied Blenders & Distillers' cash go?

Allied Blenders & Distillers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 154 days in FY26, up from 64 days in FY21. It spent ₹608 Cr on assets over the last 3 years. Customers take 168 days to pay, and stock sits for 221 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,923 Cr, each day of that cycle ties up about ₹10.7 Cr, so roughly ₹1,655 Cr is tied up in the business at any time.

FY26: customers took 168 days to pay and stock sat for 221 days, about 7.3 months of sales sitting as stock, for a full cycle of 154 days, longer than FY21's 64.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 221 days. Customers pay about 168 days after that. Suppliers are paid at 235 days. Together that makes the 154-day cycle.

FY26: a 154-day cash cycle, +90 days compared with FY21

  • Cash cycle 154d
  • Inventory days 221d
  • Debtor days 168d
  • Payable days 235d
FY26: a 154-day cash cycle, +90 days compared with FY21
QuarterCash cycleInventory daysDebtor daysPayable days
FY2093d151d114d172d
FY2164d196d135d267d
FY2254d153d130d228d
FY23113d190d111d189d
FY2457d124d136d204d
FY25172d196d181d206d
FY26154d221d168d235d
Debtor days, inventory days, payable days and the full cash cycle, each year. 7-year window.

Spending on assets: ₹608 Cr over the last 3 years, against ₹198 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹110 Cr (FY26): assets paid for that are not earning yet.

FY26: capex ₹310 Cr, work in progress ₹110 Cr, a build-out

  • Capex ₹310
  • Work-in-progress ₹110
FY26: capex ₹310 Cr, work in progress ₹110 Cr, a build-out
QuarterCapexWork-in-progress
FY21₹41₹17
FY22₹100₹15
FY23−₹63₹14
FY24₹120₹16
FY25₹178₹19
FY26₹310₹110
Capital spending each year, ₹ Cr, with work in progress, ₹ Cr, as the line. Quarterly capital-spending figures are not available for India, so this is yearly.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

What is Allied Blenders & Distillers' P/E ratio, and how does it compare with its own history?

Allied Blenders & Distillers Ltd's P/E is 84.7×, near the high end of its own history: higher than 81% of past readings. Its usual P/E (the middle reading) is 70.8×, over 2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why this happened. Phase 1 backward integration goals cumulative 300 bps EBITDA margin improvement by FY28. The PET facility has delivered the first 30 bps from Q3 FY26 onward. The remaining 270 bps require the malt distillery and ENA expansion to commission on schedule. Both have already slipped 1-2 quarters versus original commitments, introducing execution risk. Phase 2 (UP bottling, Maharashtra and Arunachal Pradesh) goals incremental 100 bps by FY29.

P/E 84.7× against a usual 70.8×: near the high end of its own history: higher than 81% of past readings

  • P/E 84.8×
  • Median 70.8×
P/E 84.7× against a usual 70.8×: near the high end of its own history: higher than 81% of past readings
WeekP/EMedian
1 Nov 2024163.9×70.8×
8 Nov 2024163.9×70.8×
14 Nov 2024158.2×70.8×
22 Nov 2024157.9×70.8×
29 Nov 2024168.7×70.8×
6 Dec 2024184.5×70.8×
13 Dec 2024186.6×70.8×
20 Dec 2024193.7×70.8×
27 Dec 2024207.8×70.8×
3 Jan 2025207.8×70.8×
10 Jan 2025207.8×70.8×
17 Jan 2025202.3×70.8×
24 Jan 2025197.7×70.8×
1 Feb 202598.5×70.8×
7 Feb 202596.3×70.8×
14 Feb 202580.4×70.8×
21 Feb 202581.6×70.8×
28 Feb 202576.6×70.8×
7 Mar 202582.3×70.8×
13 Mar 202579.0×70.8×
21 Mar 202578.7×70.8×
28 Mar 202575.2×70.8×
4 Apr 202576.1×70.8×
11 Apr 202578.4×70.8×
17 Apr 202578.7×70.8×
25 Apr 202578.9×70.8×
2 May 202575.1×70.8×
9 May 202580.9×70.8×
16 May 202556.0×70.8×
23 May 202556.8×70.8×
30 May 202557.4×70.8×
6 Jun 202561.5×70.8×
13 Jun 202560.8×70.8×
20 Jun 202560.8×70.8×
27 Jun 202561.1×70.8×
4 Jul 202562.2×70.8×
11 Jul 202564.3×70.8×
18 Jul 202568.9×70.8×
25 Jul 202566.1×70.8×
1 Aug 202559.5×70.8×
8 Aug 202557.8×70.8×
14 Aug 202557.2×70.8×
22 Aug 202560.8×70.8×
29 Aug 202558.9×70.8×
5 Sep 202558.3×70.8×
12 Sep 202563.5×70.8×
19 Sep 202564.0×70.8×
26 Sep 202560.0×70.8×
3 Oct 202564.4×70.8×
10 Oct 202563.5×70.8×
17 Oct 202564.2×70.8×
24 Oct 202572.0×70.8×
31 Oct 202577.1×70.8×
7 Nov 202570.0×70.8×
14 Nov 202570.7×70.8×
21 Nov 202570.8×70.8×
28 Nov 202571.2×70.8×
5 Dec 202568.4×70.8×
12 Dec 202568.0×70.8×
19 Dec 202567.8×70.8×
26 Dec 202566.8×70.8×
2 Jan 202663.1×70.8×
9 Jan 202654.6×70.8×
16 Jan 202651.5×70.8×
23 Jan 202648.8×70.8×
1 Feb 202651.2×70.8×
6 Feb 202653.7×70.8×
13 Feb 202655.2×70.8×
20 Feb 202652.2×70.8×
27 Feb 202649.7×70.8×
6 Mar 202649.5×70.8×
13 Mar 202646.0×70.8×
20 Mar 202642.6×70.8×
27 Mar 202641.4×70.8×
2 Apr 202644.2×70.8×
10 Apr 202653.1×70.8×
17 Apr 202659.8×70.8×
24 Apr 202658.2×70.8×
29 Apr 202656.7×70.8×
30 Apr 202655.5×70.8×
8 May 202661.7×70.8×
15 May 202667.4×70.8×
22 May 202665.1×70.8×
29 May 202667.8×70.8×
4 Jun 202669.5×70.8×
5 Jun 202670.5×70.8×
9 Jun 202670.8×70.8×
10 Jun 202669.5×70.8×
12 Jun 202678.2×70.8×
17 Jun 202676.6×70.8×
19 Jun 202677.1×70.8×
24 Jun 202676.8×70.8×
25 Jun 202676.0×70.8×
1 Jul 202681.8×70.8×
3 Jul 202680.0×70.8×
10 Jul 202679.2×70.8×
17 Jul 202675.3×70.8×
24 Jul 202677.8×70.8×
31 Jul 202677.7×70.8×
7 Aug 202675.1×70.8×
14 Aug 202675.2×70.8×
21 Aug 202674.6×70.8×
28 Aug 202676.5×70.8×
4 Sep 202676.5×70.8×
11 Sep 202679.3×70.8×
18 Sep 202681.2×70.8×
25 Sep 202689.7×70.8×
28 Sep 202690.8×70.8×
1 Oct 202685.2×70.8×
9 Oct 202689.2×70.8×
16 Oct 202693.9×70.8×
23 Oct 202684.3×70.8×
30 Oct 202684.8×70.8×

Earnings per share, 12 months

  • Earnings per share, 12 months ₹8
Earnings per share, 12 months
WeekEarnings per share, 12 months
1 Nov 2024–
8 Nov 2024–
14 Nov 2024–
22 Nov 2024–
29 Nov 2024–
6 Dec 2024–
13 Dec 2024–
20 Dec 2024–
27 Dec 2024₹2
3 Jan 2025₹2
10 Jan 2025₹2
17 Jan 2025₹2
24 Jan 2025₹2
1 Feb 2025₹2
7 Feb 2025₹2
14 Feb 2025₹2
21 Feb 2025₹2
28 Feb 2025₹2
7 Mar 2025₹2
13 Mar 2025₹2
21 Mar 2025₹2
28 Mar 2025₹4
4 Apr 2025₹4
11 Apr 2025₹4
17 Apr 2025₹4
25 Apr 2025₹4
2 May 2025₹4
9 May 2025₹4
16 May 2025₹4
23 May 2025₹4
30 May 2025₹4
6 Jun 2025₹4
13 Jun 2025₹4
20 Jun 2025₹4
27 Jun 2025₹7
4 Jul 2025₹7
11 Jul 2025₹7
18 Jul 2025₹7
25 Jul 2025₹7
1 Aug 2025₹7
8 Aug 2025₹7
14 Aug 2025₹7
22 Aug 2025₹7
29 Aug 2025₹7
5 Sep 2025₹7
12 Sep 2025₹7
19 Sep 2025₹7
26 Sep 2025₹9
3 Oct 2025₹9
10 Oct 2025₹9
17 Oct 2025₹9
24 Oct 2025₹9
31 Oct 2025₹9
7 Nov 2025₹9
14 Nov 2025₹9
21 Nov 2025₹9
28 Nov 2025₹9
5 Dec 2025₹9
12 Dec 2025₹9
19 Dec 2025₹9
26 Dec 2025₹9
2 Jan 2026₹9
9 Jan 2026₹9
16 Jan 2026₹9
23 Jan 2026₹9
1 Feb 2026₹9
6 Feb 2026₹9
13 Feb 2026₹9
20 Feb 2026₹9
27 Feb 2026₹9
6 Mar 2026₹9
13 Mar 2026₹9
20 Mar 2026₹9
27 Mar 2026₹10
2 Apr 2026₹10
10 Apr 2026₹10
17 Apr 2026₹10
24 Apr 2026₹10
29 Apr 2026₹10
30 Apr 2026₹10
8 May 2026₹10
15 May 2026₹10
22 May 2026₹10
29 May 2026₹10
4 Jun 2026₹10
5 Jun 2026₹10
9 Jun 2026₹10
10 Jun 2026₹10
12 Jun 2026₹10
17 Jun 2026₹10
19 Jun 2026₹10
24 Jun 2026₹10
25 Jun 2026₹8
1 Jul 2026₹8
3 Jul 2026₹8
10 Jul 2026₹8
17 Jul 2026₹8
24 Jul 2026₹8
31 Jul 2026₹8
7 Aug 2026₹8
14 Aug 2026₹8
21 Aug 2026₹8
28 Aug 2026₹8
4 Sep 2026₹8
11 Sep 2026₹8
18 Sep 2026₹8
25 Sep 2026₹8
28 Sep 2026₹8
1 Oct 2026₹8
9 Oct 2026₹8
16 Oct 2026₹8
23 Oct 2026₹8
30 Oct 2026₹8
Top: P/E each week. Below: earnings per share, trailing twelve months, leaving out one-off items, a step line that moves once a quarter; 2 years of history; short peaks above 208× are drawn at the top edge.

PEG 1.81: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 1.81×
  • PEG = 1.0 1.00×
PEG 1.81: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Q4 FY250.16×1.00×
Q1 FY260.20×1.00×
Q2 FY261.81×1.00×
Q3 FY261.65×1.00×
Q4 FY261.01×1.00×
Q1 FY271.74×1.00×
Q2 FY271.81×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 7 quarters.
84.7×P/E · higher than 81% of its last 2 years
1.67PEG · today, as reported

Why the multiple is where it is: over the past year earnings per share moved +17.1% while the price moved +8.5%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Watch next

Metric
Backward Integration Margin Accretion (Phase 1)
Threshold
Telangana price increase announcement and Q2 FY27 revenue trend; Maharashtra volume trajectory Q1 FY27
Which result
the next result

Is the Allied Blenders & Distillers business getting better or worse?

Allied Blenders & Distillers Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −15.3% in the latest quarter, against +9650.0% at its best in 12 quarters, with ROCE falling at 25.0%. This is based on 9 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +11.4% in FY26, profit +12.8%

  • Revenue growth 11.4%
Growth year by year: revenue +11.4% in FY26, profit +12.8%
QuarterRevenue growth
FY20–
FY21−21.6%
FY2214.4%
FY2317.2%
FY245.8%
FY255.8%
FY2611.4%

Profit growth, EPS growth

  • Profit growth 12.8%
  • EPS growth 17.1%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY20––
FY21−76.9%−79.6%
FY22−66.7%−45.5%
FY23100%16.7%
FY240%0%
FY25300%300%
FY2612.8%17.1%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn. Turnaround-year jumps are drawn at the edge (▲).

Three growth lines over twelve quarters: revenue rolling over, profit rolling over

  • Revenue 8.6%
Three growth lines over twelve quarters: revenue rolling over, profit rolling over
QuarterRevenue
Dec 2023–
Mar 2024–
Jun 2024–
Sep 20243.6%
Dec 20241.1%
Mar 20255.8%
Jun 202512.7%
Sep 202515.8%
Dec 202513.9%
Mar 202611.4%
Jun 20267.9%
Sep 20268.6%

Profit, EPS

  • Profit −15.3%
  • EPS −11.1%
Profit, EPS
QuarterProfitEPS
Dec 2023––
Mar 2024––
Jun 2024––
Sep 2024300%300%
Dec 2024300%300%
Mar 2025300%300%
Jun 2025300%300%
Sep 2025300%300%
Dec 2025129.8%134.8%
Mar 202613.3%17.2%
Jun 2026−12.5%−7.9%
Sep 2026−15.3%−11.1%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. Extreme jumps from a tiny base are drawn at the edge (▲). A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 25%
ROCE: the return line, worked out each quarter
QuarterROCE
Dec 202330.1%
Mar 202431%
Jun 2024–
Sep 2024–
Dec 2024–
Mar 2025–
Jun 2025–
Sep 2025–
Dec 2025–
Mar 2026–
Jun 202626.3%
Sep 202625%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +8.6%, range +1.1% to +15.8%
FallingProfit growth · latest −15.3%, range −15.3% to +9,650.0%
FallingEPS growth · latest −11.1%, range −11.1% to +9,842.9%
FallingROCE · latest 25.0%, range 25.0% to 31.0%

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+11.4%+7.6%+10.8%—
Profit+12.8%+379.1%+136.1%—
EPS+17.1%+388.5%+136.6%—
Share price+8.5%———
+16.0%Revenue growth (Sep 2026) · latest quarter against a year ago
+9.5%Profit growth (Sep 2026) · latest quarter against a year ago
4.6%Revenue, 6 years · yearly growth over the long run

What is the Allied Blenders & Distillers story, and has it been checked?

Allied Blenders & Distillers Ltd's story is not scored yet against the checks our research set on 31 May 2026. Where it sits in its own cycle: Not stated in the research file.

Still open: Telangana license lottery created a 6-8 week pipeline disruption causing mass premium de-growth of 7.4% in Q3 FY26; Telangana receivables totaled Rs 700 Cr outstanding as of Nov 2025.

NOT YET CHECKED

Our read, 31 May 2026. A mass-market distiller turning margin-led via premiumization and backward integration, FY26 delivered record PAT, but capex slippages and management consistency issues cloud the FY28 EBITDA path.

What is proven. A mass-market distiller turning margin-led via premiumization and backward integration, FY26 delivered record PAT, but capex slippages and management consistency issues cloud the FY28 EBITDA path.

What is not proven yet. Telangana license lottery created a 6-8 week pipeline disruption causing mass premium de-growth of 7.4% in Q3 FY26; Telangana receivables totaled Rs 700 Cr outstanding as of Nov 2025.

The test written in advance. State excise regulatory disruption (Telangana, Maharashtra model risk). Measured by: State excise regulatory disruption (Telangana, Maharashtra model risk) Telangana price increase announcement and Q2 FY27 revenue trend; Maharashtra volume trajectory Q1 FY27 by the next result.

The test written in advance. Backward integration timeline slippage (capex execution risk). Measured by: Backward integration timeline slippage (capex execution risk) Malt distillery commissioning announcement Q1-Q2 FY27; ENA expansion operational status H2 FY27 by the next result.

The test written in advance. Input cost headwinds (West Asia geopolitics, glass bottle inflation, fuel). Measured by: Input cost headwinds (West Asia geopolitics, glass bottle inflation, fuel) Q1 FY27 OPM trajectory vs Q4 FY26 17%; Telangana price increase approval date by the next result.

The key numbers to watch, and the level that would change the picture

The key numbers to watch, and the level that would change the picture
MeasureNowWhy it matters
Premiumization Mix Shift (P&A segment…HIGHP&A segment went from 42% revenue mix in Q2 FY25 to 57.7% in Q4 FY26; Iconic White 10.7 million cases FY26 in the prestige…
Backward Integration Margin Accretion…HIGHPET facility commissioned Q2 FY26 delivering ~75 bps gross margin accretion; 270 bps of the 300 bps Phase 1 goal contingent on…
International Expansion (Export…MEDIUMExport revenue grew 14.1% to Rs 225 Cr FY26; footprint expanded from 14 to 36 countries in 24 months, asset-light model with…
Operating Leverage on Revenue ScalingMEDIUMFY26 revenue grew 11.5% YoY but EBITDA grew 25.8% YoY, the leverage ratio is improving as fixed cost dilution accelerates with…
ABD Maestro Super-Premium Platform…MEDIUM DEFERREDLuxury platform 10 brands, aiming for Rs 100 Cr revenue milestone; EBITDA-negative FY27, CM2-neutral by FY28, contributes 1%…

Everything further down this page is evidence for or against these.

  • 1 · Operating leveragequiet
  • 2 · Value-added mixbuilding
  • 3 · Management changebuilding
  • 4 · Paying down debtquiet
  • 5 · Regulatory approvalquiet
  • 6 · Order-book winsquiet
  • 7 · Consolidationquiet
  • 8 · Demerger or value unlockbuilding
  • 9 · Buybackquiet
  • 10 · New geographiesbuilding
  • 11 · More business from existing customersquiet
  • 12 · New product launchbuilding
  • 13 · Mandatory normsquiet
  • 14 · A bigger market to servequiet
  • 15 · Market-share gainsquiet
  • 16 · Asset qualityquiet

Lever 2 · Value-added mix: building. P&A segment went from 42% revenue mix in Q2 FY25 to 57.7% in Q4 FY26; Iconic White 10.7 million cases FY26 in the prestige category. What proves it keeps working: Premiumization Mix Shift (P&A segment expansion). It stops working if Telangana price increase announcement and Q2 FY27 revenue trend; Maharashtra volume trajectory Q1 FY27.

Lever 8 · Demerger or value unlock: building. PET facility commissioned Q2 FY26 delivering ~75 bps gross margin accretion; 270 bps of the 300 bps Phase 1 goal contingent on malt distillery (H1 FY27) and ENA expansion (H1 FY28), both already slipped 1-2 quarters. What proves it keeps working: Backward Integration Margin Accretion (Phase 1). It stops working if Telangana price increase announcement and Q2 FY27 revenue trend; Maharashtra volume trajectory Q1 FY27.

Lever 10 · New geographies: building. Export revenue grew 14.1% to Rs 225 Cr FY26; footprint expanded from 14 to 36 countries in 24 months, asset-light model with higher margins than domestic. What proves it keeps working: International Expansion (Export Asset-Light Model). It stops working if Telangana price increase announcement and Q2 FY27 revenue trend; Maharashtra volume trajectory Q1 FY27.

Lever 3 · Management change: building. FY26 revenue grew 11.5% YoY but EBITDA grew 25.8% YoY, the leverage ratio is improving as fixed cost dilution accelerates with scale. What proves it keeps working: Operating Leverage on Revenue Scaling. It stops working if Telangana price increase announcement and Q2 FY27 revenue trend; Maharashtra volume trajectory Q1 FY27.

Sources: our stock research file (31 May 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

The whole page in one table. Each row links to its section.
SectionWhere it is nowThe one thing to watch next
Margin17%Premiumization Mix Shift (P&A segment expansion)
Revenue₹1,007 CrInternational Expansion (Export Asset-Light Model)
Ownershipsee the sectionOperating Leverage on Revenue Scaling

Did Allied Blenders & Distillers management deliver what it promised?

What Allied Blenders & Distillers Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

Cannibalization Narrative Reversed · 28 October 2026. In the May 2026 call, management acknowledged that cannibalization existed among its premium brands. In the Oct 2026 call, management denied that regional brands were being cannibalized into Iconiq White, changing the explanation for legacy-brand weakness in a way that affects the durability of reported growth.

Supply-Chain Relief Timeline Extended · 28 October 2026. In the May 2026 and Jul 2026 calls, management expected geopolitical and war-related pressure to resolve by approximately Q2, with recovery thereafter. In the Oct 2026 call, management said inflationary pressure was still present and only hoped Q4 would be better, implying that the expected relief was pushed beyond the earlier timetable and putting the FY27 margin outlook at risk.

FY29 Margin Benefit Revised Upward Without Explanation · 28 October 2026. Both the May 2026 and Jul 2026 calls guided to approximately 300 basis points of benefit by FY28 and a further 100 basis points by FY29. The Oct 2026 call retained the FY28 figure but increased the FY29 incremental benefit to 150 basis points without explaining the 50-basis-point change, which is material to a margin model.

ABD Maestro FY27 Revenue Ambition Revised Lower · 28 October 2026. In the May 2026 call, management indicated a next-year annual top-line ambition of at least 100 crores for ABD Maestro. In the Oct 2026 call, it stated that current-year turnover would be 80 crore, implying a 20% reduction from the earlier benchmark without explaining the change in the strategic growth outlook.

Every quote above is taken word for word from the company’s own earnings calls.

How much does Allied Blenders & Distillers earn on its capital?

Allied Blenders & Distillers Ltd earned a ROCE of 18% in FY26. That is up from a low of 11% in FY21. Its return on capital used (ROIC) is 1.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 5.6% net margin and 0.94× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 5.6% net margin × 0.94× asset turnover × 2.50× leverage (assets divided by equity) ≈ 13.2% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 10.2% − 12.0% = −1.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 10.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 11.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

FY26: ROCE 18%, the climb back from FY21's 11%

  • ROCE 18%
  • ROIC (annual) 11.5%
  • Cost of capital 12%
FY26: ROCE 18%, the climb back from FY21's 11%
QuarterROCEROIC (annual)Cost of capital
FY2111%–12%
FY2211%4.3%12%
FY2312%3.1%12%
FY2416%2.3%12%
FY2521%15.5%12%
FY2618%11.5%12%
Return on capital employed each year, % (line); ROIC each year, % (line). 6-year window, low years included. The flat line is the 12.0% cost of capital used on this page.

Q2 FY27: ROCE 22.3% (last 12 months) against a 12.0% cost of capital

  • ROCE (12 months) 22.3%
  • ROIC (12 months) 11.1%
  • Cost of capital 12.0%
Q2 FY27: ROCE 22.3% (last 12 months) against a 12.0% cost of capital
QuarterROCE (12 months)ROIC (12 months)Cost of capital
Q4 FY225%–12%
Q4 FY2311.8%–12%
Q4 FY2429.5%–12%
Q2 FY2516.2%–12%
Q3 FY25––12%
Q4 FY2522.4%–12%
Q1 FY26–15.6%12%
Q2 FY2624.2%15.1%12%
Q3 FY26–14.4%12%
Q4 FY2623.6%14.1%12%
Q1 FY27–11.8%12%
Q2 FY2722.3%11.1%12%
ROCE and ROIC over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Allied Blenders & Distillers have too much debt?

Allied Blenders & Distillers Ltd has total debt of ₹1,394 Cr against shareholder equity of ₹1,658 Cr as of Sep 2026, so its debt is 0.84× its equity. Year by year, that ratio went from 2.14 in FY22 to 0.68 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY26: debt ₹1,151 Cr, 0.68× equity

  • Total debt ₹1,151
FY26: debt ₹1,151 Cr, 0.68× equity
QuarterTotal debt
FY22₹863
FY23₹793
FY24₹835
FY25₹905
FY26₹1,151

Debt-to-equity

  • Debt-to-equity 0.68×
Debt-to-equity
QuarterDebt-to-equity
FY222.14×
FY231.95×
FY242.05×
FY250.58×
FY260.68×
Top: total debt each year, ₹ Cr. Below: debt-to-equity, ×. 5-year window.

Sep 2026: debt ₹1,394 Cr, debt-to-equity 0.84

  • Total debt (quarterly) ₹1,394
Sep 2026: debt ₹1,394 Cr, debt-to-equity 0.84
QuarterTotal debt (quarterly)
Mar 2023₹793
Mar 2024₹835
Jun 2024₹835
Sep 2024₹720
Dec 2024₹720
Mar 2025₹905
Jun 2025₹905
Sep 2025₹1,056
Dec 2025₹1,056
Mar 2026₹1,151
Jun 2026₹1,151
Sep 2026₹1,394

Debt-to-equity

  • Debt-to-equity 0.84×
Debt-to-equity
QuarterDebt-to-equity
Mar 20231.95×
Mar 20242.05×
Jun 20242.05×
Sep 20240.51×
Dec 20240.51×
Mar 20250.58×
Jun 20250.58×
Sep 20250.67×
Dec 20250.67×
Mar 20260.68×
Jun 20260.68×
Sep 20260.84×
Top: total debt each quarter, ₹ Cr. Below: debt-to-equity, ×. Last 12 quarters. Indian companies report the full balance sheet every six months, so the quarter in between repeats the last reading.

What is the Allied Blenders & Distillers shareholding pattern?

Domestic institutions raised their stake in Allied Blenders & Distillers Ltd by 2.5 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 6.7% of the company. Promoters moved −2.0 points over the same period, to 79.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Why this happened. Fixed cost base (employee, manufacturing, distribution overhead) is being diluted as the revenue base scales. The structural improvement in OPM from 7% in FY24 to 14% in FY26 has been driven primarily by this operating leverage combined with premiumization mix shift.

Over the last two years: Domestic institutions: +2.5 points over 8 quarters, to 6.7%; Promoters: −2.0 points over 8 quarters, to 79.0%; Foreign institutions: +1.6 points over 8 quarters, to 4.4%.

Why the owners changed: domestic institutions drove it (+2.5 points), with the other side taken by promoters (−2.0 points). They raised their stake step by step.

Year ends: the public −1.3 points from Mar 2025 to Mar 2026

  • Promoters 80.91%
  • Foreign inst. 3.23%
  • Domestic inst. 4.82%
  • Public 11.03%
Year ends: the public −1.3 points from Mar 2025 to Mar 2026
QuarterPromotersForeign inst.Domestic inst.Public
Mar 202580.91%2.73%4.03%12.33%
Mar 202680.91%3.23%4.82%11.03%
Shareholding at each year end (March quarter), % of the company. 2 year ends on file.

Domestic institutions raised their stake by 2.5 points over 8 quarters

  • Promoters 78.95%
  • Foreign inst. 4.4%
  • Domestic inst. 6.65%
  • Public 10.01%
Domestic institutions raised their stake by 2.5 points over 8 quarters
QuarterPromotersForeign inst.Domestic inst.Public
Jun 202480.91%3.83%3.52%11.73%
Sep 202480.91%2.83%4.14%12.11%
Dec 202480.91%2.55%4.01%12.53%
Mar 202580.91%2.73%4.03%12.33%
Jun 202580.91%2.82%4.73%11.53%
Sep 202580.91%2.96%4.56%11.58%
Dec 202580.91%3.36%4.61%11.12%
Mar 202680.91%3.23%4.82%11.03%
Jun 202680.91%3.24%5.07%10.77%
Sep 202678.95%4.4%6.65%10.01%
Shareholding by owner group, % of the company, each quarter, last 10 quarters.

Watch next

Metric
Operating Leverage on Revenue Scaling
Threshold
Telangana price increase announcement and Q2 FY27 revenue trend; Maharashtra volume trajectory Q1 FY27
Which result
the next result

How far is Allied Blenders & Distillers from balance-sheet trouble?

For Allied Blenders & Distillers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does Allied Blenders & Distillers rank in its industry?

47.8 out of 100, rank 9 of 16 in Alcoholic Beverages, with 93% of the evidence available.

Allied Blenders & Distillers Ltd scores 47.8 out of 100 against the 16 companies it is compared with in Alcoholic Beverages, ranking 9. Relative strength against the index is 25.6%, and revenue and profit growth are weak.

The four parts add up to the total exactly: 10.5 + 14.9 + 4.3 + 18.1 = 47.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Allied Blenders & Distillers compared with?

Allied Blenders & Distillers ranks 9 of 16 Alcoholic Beverages companies on the 4-Factor Sector Score, with 47.8 out of 100.

  1. 1Radico Khaitan LtdRADICO · losing its lead · Most evidence points up · 100% evidence71.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.5/35 · Revenue 15.8% · Profit 73.8% · Operating margin change 4 points · 100% evidenceCapital efficiency 22.1/25 · ROCE 24.2% · Operating margin 20% · 100% evidenceValuation 7.0/20 · P/E 68.2× · PEG 1.91 · 100% evidenceRelative strength 11.9/20 · Lead over its industry 21.6% · Lead over NIFTY 500 20.6% · 1 year 30.5% · 100% evidence · 11 of 12 weeks aheadExact sum: 30.5 + 22.1 + 7 + 11.9 = 71.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2India Glycols LtdINDIAGLYCO · breaking out · Most evidence points up · 96% evidence70.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.6/35 · Revenue 12% · Profit 29.9% · Operating margin change 1 points · 88% evidenceCapital efficiency 15.2/25 · ROCE 12.4% · Operating margin 15% · 100% evidenceValuation 13.3/20 · P/E 7× · PEG 0.17 · 100% evidenceRelative strength 20.0/20 · Lead over its industry 53.7% · Lead over NIFTY 500 51.8% · 1 year 61.8% · 100% evidence · 11 of 12 weeks aheadExact sum: 21.6 + 15.2 + 13.3 + 20 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  3. 3IFB Agro Industries LtdIFBAGRO · quiet · Evidence leans up · 74% evidence64.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 27.2/35 · Revenue 38.9% · Profit 90.3% · Operating margin change 1 points · 88% evidenceCapital efficiency 13.2/25 · ROCE 12.7% · Operating margin 8% · 100% evidenceValuation 15.5/20 · P/E 12.8× · PEG 0.33 · 65% evidenceRelative strength 8.4/20 · Lead over its industry — · Lead over NIFTY 500 -17.3% · 1 year -39% · 25% evidence · 0 of 12 weeks aheadExact sum: 27.2 + 13.2 + 15.5 + 8.4 = 64.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4United Spirits LtdUNITDSPR · quiet · Evidence leans up · 100% evidence57.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.7/35 · Revenue 1.1% · Profit 12.9% · Operating margin change -1 points · 100% evidenceCapital efficiency 22.6/25 · ROCE 26.4% · Operating margin 20% · 100% evidenceValuation 8.4/20 · P/E 53.5× · PEG 3.56 · 100% evidenceRelative strength 9.6/20 · Lead over its industry 2.4% · Lead over NIFTY 500 1.8% · 1 year -6.8% · 100% evidence · 7 of 12 weeks aheadExact sum: 16.7 + 22.6 + 8.4 + 9.6 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5Piccadily Agro Industries LtdPICCADIL · quiet · Evidence leans up · 74% evidence56.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.4/35 · Revenue 28.5% · Profit 30.6% · Operating margin change -1 points · 88% evidenceCapital efficiency 15.8/25 · ROCE 18% · Operating margin 17% · 100% evidenceValuation 11.6/20 · P/E 39.2× · PEG 1.38 · 65% evidenceRelative strength 9.8/20 · Lead over its industry — · Lead over NIFTY 500 -2.8% · 1 year -17.9% · 25% evidence · 5 of 12 weeks aheadExact sum: 19.4 + 15.8 + 11.6 + 9.8 = 56.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6G M Breweries LtdGMBREW · quiet · Evidence leans up · 82% evidence53.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.1/35 · Revenue 20.5% · Profit 21% · Operating margin change -2 points · 95% evidenceCapital efficiency 18.4/25 · ROCE 18% · Operating margin 23% · 76% evidenceValuation 12.6/20 · P/E 10.4× · PEG — · 50% evidenceRelative strength 3.3/20 · Lead over its industry -14.5% · Lead over NIFTY 500 -15.2% · 1 year -35.9% · 100% evidence · 2 of 12 weeks aheadExact sum: 19.1 + 18.4 + 12.6 + 3.3 = 53.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Associated Alcohols & Breweries LtdASALCBR · basing · Evidence leans down · 81% evidence48.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 7.8/35 · Revenue -5.3% · Profit -4.6% · Operating margin change -3 points · 88% evidenceCapital efficiency 15.9/25 · ROCE 18% · Operating margin 11% · 100% evidenceValuation 17.4/20 · P/E 13.1× · PEG 0.96 · 100% evidenceRelative strength 7.5/20 · Lead over its industry — · Lead over NIFTY 500 -30.3% · 1 year -55.9% · 25% evidence · 0 of 12 weeks aheadExact sum: 7.8 + 15.9 + 17.4 + 7.5 = 48.6 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.
  8. 8Globus Spirits LtdGLOBUSSPR · quiet · Evidence leans down · 83% evidence47.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.6/35 · Revenue 10.8% · Profit 100% · Operating margin change -1 points · 100% evidenceCapital efficiency 11.6/25 · ROCE 11.2% · Operating margin 8% · 100% evidenceValuation 10.6/20 · P/E 23× · PEG — · 15% evidenceRelative strength 1.1/20 · Lead over its industry -22% · Lead over NIFTY 500 -22.5% · 1 year -41.3% · 100% evidence · 0 of 12 weeks aheadExact sum: 24.6 + 11.6 + 10.6 + 1.1 = 47.9 · What this means: Earnings are strong; relative strength in its sector is -22% and the one-year return is -41.3%.
  9. 9Allied Blenders & Distillers Ltd this pageABDL · breaking out · Evidence leans down · 93% evidence47.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 10.5/35 · Revenue 8.6% · Profit -15.3% · Operating margin change -1 points · 100% evidenceCapital efficiency 14.9/25 · ROCE 18.4% · Operating margin 12% · 100% evidenceValuation 4.3/20 · P/E 84.8× · PEG 4.13 · 65% evidenceRelative strength 18.1/20 · Lead over its industry 26.7% · Lead over NIFTY 500 25.6% · 1 year 5.5% · 100% evidence · 8 of 12 weeks aheadExact sum: 10.5 + 14.9 + 4.3 + 18.1 = 47.8 · What this means: Relative strength against the index is 25.6%, and revenue and profit growth are weak.
  10. 10United Breweries LtdUBL · quiet · Evidence leans down · 83% evidence47.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.4/35 · Revenue 7.4% · Profit 31.9% · Operating margin change 4 points · 100% evidenceCapital efficiency 10.9/25 · ROCE 10.7% · Operating margin 10% · 100% evidenceValuation 9.0/20 · P/E 71.8× · PEG — · 15% evidenceRelative strength 5.3/20 · Lead over its industry -14.2% · Lead over NIFTY 500 -14.6% · 1 year -34.3% · 100% evidence · 0 of 12 weeks aheadExact sum: 22.4 + 10.9 + 9 + 5.3 = 47.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11Tilaknagar Industries LtdTI · breaking out · Evidence leans down · 90% evidence44.3out of 100GrowthCapitalValuationRelative
  12. 12Asgard Alcobev Ltdquiet · Evidence leans down · 61% evidence41.6out of 100GrowthCapitalValuationRelative
  13. 13Fratelli Vineyards LtdToo little evidence to rank firmly · 50% evidence39.9out of 100GrowthCapitalValuationRelative
  14. 14Sula Vineyards LtdSULA · quiet · Most evidence points down · 81% evidence30.6out of 100GrowthCapitalValuationRelative
  15. 15Som Distilleries & Breweries LtdSDBL · breaking out · Most evidence points down · 68% evidence30.4out of 100GrowthCapitalValuationRelative
  16. 16Jagatjit Industries LtdJAGAJITIND · losing its lead · Too little evidence to rank firmly · 49% evidence45.0out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Alcoholic Beverages, all 16 compared on one page.

Which companies are close to Allied Blenders & Distillers in size?

Allied Blenders & Distillers is the 4th largest of 16 Alcoholic Beverages companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: United Spirits, Radico Khaitan and United Breweries. Just below it: Tilaknagar Industries, Piccadily Agro Industries and India Glycols.

Alcoholic Beverages companies close in size

  1. United Spirits Ltd ₹97,007 crore
  2. Radico Khaitan Ltd ₹54,757 crore
  3. United Breweries Ltd ₹31,208 crore
  4. Allied Blenders & Distillers Ltd ₹19,531 crore
  5. Tilaknagar Industries Ltd ₹11,920 crore
  6. Piccadily Agro Industries Ltd ₹5,504 crore
  7. India Glycols Ltd ₹2,223 crore

All 16 Alcoholic Beverages companies, largest first

Companies close in size in other industries

  1. Sagility Ltd ₹19,699 crore · Miscellaneous
  2. Carborundum Universal Ltd ₹19,628 crore · Abrasives & Grinding Wheels
  3. Allied Blenders & Distillers Ltd ₹19,531 crore
  4. Gujarat Energy Ltd ₹19,525 crore
  5. Indraprastha Gas Ltd ₹19,487 crore · Gas Distribution

What else do people ask about Allied Blenders & Distillers?

What is Allied Blenders & Distillers's share price today?

Allied Blenders & Distillers Ltd's share price is ₹697.50, +8.5% over the past year. The whole company is worth ₹19,517 Cr on the market.

In the last 52 weeks it traded between ₹397 to ₹749; today it is 85% of the way up from the low, 15.8% above its 200-day average (as of 4 November 2026).

What were Allied Blenders & Distillers's latest quarterly results?

Allied Blenders & Distillers Ltd reported revenue of ₹1,148 Cr and net profit of ₹69.0 Cr for the Sep 2026 quarter. Revenue rose 16.0% and profit rose 9.5% compared with a year earlier. Earnings per share were ₹2.56 (as of 4 November 2026).

What is Allied Blenders & Distillers's market cap?

Allied Blenders & Distillers Ltd's market capitalisation is ₹19,517 Cr at a share price of ₹697.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is Allied Blenders & Distillers performing?

Allied Blenders & Distillers Ltd's share price has been rising for 23 weeks. In its latest quarter, revenue rose 16.0% and profit rose 9.5% compared with a year earlier.

Over the past 13 weeks it has done better than the NIFTY 500, for 10 weeks running (as of 4 November 2026).

Will Allied Blenders & Distillers's share price go up?

This page does not forecast Allied Blenders & Distillers Ltd's share price. What it shows instead: the share price is ₹697.50, and it has been rising for 23 weeks. Its P/E of 84.7× is higher than 81% of its own last 2 years (as of 4 November 2026).

Who owns Allied Blenders & Distillers?

Promoters own 79.0% of Allied Blenders & Distillers Ltd, foreign institutions 4.4%, domestic institutions 6.7% and the public 10.0% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 2.5 percentage points over 8 quarters (as of 4 November 2026).

Does Allied Blenders & Distillers have too much debt?

Allied Blenders & Distillers Ltd has a moderate amount of debt: its debt is 0.69× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹1,151 Cr against equity of ₹1,663 Cr.

Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026).

Where is Allied Blenders & Distillers in its business cycle?

Allied Blenders & Distillers Ltd's FY26 operating margin was 14.0%, against a 7-year range of 6.0% to 14.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high.

The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Allied Blenders & Distillers story?

The main question: profits are rising, but only −31% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Allied Blenders & Distillers a stock worth studying right now?

What the numbers show: Allied Blenders & Distillers Ltd's earnings have grown faster than its share price. Earnings per share grew +17.1% in a year while the price moved +8.5%. The main open question: whether the cash starts to follow the profit.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Is there a Allied Blenders & Distillers share price forecast for 2026?

What is changing at Allied Blenders & Distillers, from the latest results and calls: premiumization mix shift (p&a segment expansion), backward integration margin accretion (phase 1) and international expansion (export asset-light model).

What would change the story: Telangana license lottery created a 6-8 week pipeline disruption causing mass premium de-growth of 7.4% in October to December 2025; Telangana receivables totaled ₹700 crore outstanding as of Nov 2025.

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

More lists

Every Sector Alpha list, grouped

X · Instagram · YouTube · About · Newsletter · Newsletter archive
This is research, not advice. We’re not SEBI-registered.