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Indian spirits maker of Officer's Choice whisky, one of the world's largest-selling whisky brands by volume.
Indian spirits maker of Officer's Choice whisky, one of the world's largest-selling whisky brands by volume.
Sells through each Indian state's own excise and distribution rules, with different taxes, licences and in some states government-run retail, so it depends on state-level access and approval of prices. Mass-market whisky volume is its base, with the company pushing buyers to higher-priced bottles.
Moat: narrow (brand, distribution, scale). Officer's Choice has mass-market volume leadership, but United Spirits and Radico compete hard on premiumization.
Headquarters: Mumbai, India · Founded: 1988 · Employees: 938
Size Allied Blenders and Distillers (ABDL.NS) is an India Consumer Staples company (Beverages: Alcoholic) with a market value of $2.10B, the 366th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹708.00 on 6 Nov 2026.
Performance Over six months the shares gained 23.8%, against -8.6% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 20.1% over the last twelve months (peer median -2.4%); the operating margin is 11.4% (peer median 11.1%).
Valuation It trades at 63.5× forward earnings against a peer median of 30.0× (3rd most expensive of 21).
Capital Return on invested capital runs 5.3 points below its cost of capital (17.2% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹41.4B | ₹39.1B | ₹35.1B | ₹33.1B | ₹31.3B |
| Revenue growth | — | +11% | +6% | +6% | — |
| Gross profit | ₹16.0B | ₹11.7B | ₹9.79B | ₹7.39B | ₹6.75B |
| EBITDA | ₹5.59B | ₹5.30B | ₹4.24B | ₹2.28B | ₹1.79B |
| Net income | ₹2.28B | ₹2.28B | ₹1.95B | ₹18.3M | ₹16.0M |
| Free cash flow | n/a | -₹1.18B | -₹9.30B | -₹283M | ₹767M |
| Capital expenditure | n/a | ₹3.49B | ₹1.30B | ₹460M | ₹202M |
| Total debt | ₹13.9B | ₹11.5B | ₹9.05B | ₹8.35B | ₹7.93B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Allied Blenders and Distillers ABDL.NS | $2.10B | +24% | -20% | 11% | 63.5× | n/a |
| United Spirits UNITDSPR.NS | $10.9B | +11% | 0% | 15% | 53.0× | 44.2% |
| Radico Khaitan RADICO.NS | $6.37B | +33% | +16% | 17% | 66.7× | 45.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ABDL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | +2.4% | 11th highest of 21 |
| 6-month return | +23.8% | -8.6% | 4th highest of 21 |
| Distance from 52-week high | -7.7% | -30.5% | 3rd highest of 21 |
| Revenue growth (TTM) | -20.1% | -2.4% | 3rd lowest of 21 |
| Operating margin | 11.4% | 11.1% | 10th highest of 21 |
| Forward P/E | 63.5× | 30.0× | 3rd most expensive of 21 |
| ROIC minus cost of capital | -5.3 pp | -2.0 pp | 4th lowest of 21 |
| EV / EBITDA | 37.7× | 17.7× | most expensive of 10 |
| Net debt / EBITDA | 2.3× | 2.2× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Allied Blenders and Distillers ABDL.NS | India | $2.10B | +24% | -20% | 11% | 63.5× | n/a | n/a |
| Sichuan Swellfun 600779.SS | China | $2.06B | -13% | -30% | 20% | 46.3× | 16.6% | +0.1% |
| Compania Cervecerias Unidas S.A. Sponsored ADR CCU | United States | $2.02B | -9% | +6% | 7% | 13.7× | 0.4% | +5.5% |
| Boston Beer SAM | United States | $2.24B | +12% | -4% | 5% | 21.0× | 6.5% | +2.5% |
| Jiugui Liquor 000799.SZ | China | $1.70B | -18% | +19% | -3% | 271.1× | n/a | n/a |
| Anhui Kouzi Distillery 603589.SS | China | $1.65B | -22% | -19% | 13% | 22.9× | n/a | n/a |
| Hebei Hengshui Laobaigan Liquor 600559.SS | China | $1.64B | -12% | -17% | 11% | 30.7× | 14.2% | +2.4% |
| Shede Spirits 600702.SS | China | $1.61B | -24% | -10% | -1% | 53.4× | n/a | n/a |
| Chongqing Brewery 600132.SS | China | $2.88B | -28% | -4% | 20% | 17.3× | -8.9% | +6.2% |
| Guangzhou Zhujiang Brewery 002461.SZ | China | $2.91B | -15% | +2% | 15% | 19.8× | -5.8% | +6.9% |
| Kuaijishan Shaoxing Rice Wine 601579.SS | China | $1.51B | +22% | +6% | 19% | 35.8× | 1.3% | +10.7% |
| Remy Cointreau RCO.PA | France | $3.08B | +30% | -5% | 16% | 29.2× | 17.0% | -1.5% |
| Yantai Changyu Pioneer Wine 000869.SZ | China | $1.36B | -12% | -2% | 3% | 16.1× | 3.7% | -3.0% |
| United Breweries UBL.NS | India | $3.33B | -17% | +7% | 6% | 65.9× | n/a | n/a |
| Royal Unibrew A/S RBREW.CO | Denmark | $3.37B | +11% | +3% | 14% | 13.3× | -7.1% | +16.5% |
| ZJLD 6979.HK | Hong Kong | $3.41B | -3% | -29% | 13% | 27.6× | n/a | n/a |
| Tilaknagar Industries TI.NS | India | $1.27B | +3% | +150% | 10% | 50.4× | n/a | n/a |
| Jinhui Liquor 603919.SS | China | $1.27B | -6% | -2% | 11% | 36.1× | 14.6% | +10.9% |
| Treasury Wine Estates TWE.AX | Australia | $3.56B | +52% | -12% | 17% | 18.4× | 9.3% | -0.4% |
| Takara 2531.T | Japan | $3.84B | +75% | +9% | 4% | 34.6× | n/a | n/a |
| Zhejiang Guyuelongshan Shaoxing Wine 600059.SS | China | $1.12B | -8% | -3% | 11% | 40.5× | n/a | n/a |