Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 851 | 895 | 768 | 758 | 868 | 974 | 921 | 923 | 990 | 1,003 | 1,007 | 979 |
| Expenses | 780 | 836 | 708 | 683 | 764 | 857 | 785 | 811 | 865 | 867 | 838 | 863 |
| Operating Profit | 71 | 59 | 60 | 74 | 103 | 117 | 136 | 112 | 125 | 136 | 169 | 115 |
| OPM % | 8% | 7% | 8% | 10% | 12% | 12% | 15% | 12% | 13% | 14% | 17% | 12% |
| Other Income | 1 | -2 | 2 | 2 | 2 | 3 | 14 | 7 | 5 | -2 | 13 | 5 |
| Interest | 43 | 46 | 45 | 44 | 25 | 27 | 28 | 27 | 30 | 26 | 51 | 29 |
| Depreciation | 12 | 14 | 19 | 16 | 16 | 13 | 16 | 16 | 16 | 18 | 29 | 23 |
| Profit before tax | 16 | -3 | -1 | 16 | 64 | 80 | 106 | 76 | 84 | 89 | 103 | 68 |
| Tax % | 29% | 33% | 70% | 28% | 26% | 28% | 26% | 26% | 25% | 28% | 63% | 33% |
| Net Profit | 11 | -4 | -2 | 11 | 48 | 57 | 79 | 56 | 63 | 64 | 38 | 45 |
| EPS in Rs | 0.46 | -0.18 | -0.10 | 0.40 | 1.70 | 2.05 | 2.81 | 2.02 | 2.30 | 2.38 | 1.46 | 1.76 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,996 | 2,348 | 2,686 | 3,147 | 3,328 | 3,520 | 3,923 | 3,979 |
| Expenses | 2,762 | 2,154 | 2,488 | 2,961 | 3,085 | 3,089 | 3,380 | 3,433 |
| Operating Profit | 234 | 195 | 197 | 186 | 243 | 431 | 542 | 546 |
| OPM % | 8% | 8% | 7% | 6% | 7% | 12% | 14% | 14% |
| Other Income | 16 | 19 | 11 | 11 | 1 | 21 | 23 | 21 |
| Interest | 180 | 142 | 146 | 136 | 173 | 126 | 135 | 137 |
| Depreciation | 69 | 59 | 59 | 55 | 58 | 61 | 79 | 86 |
| Profit before tax | 0 | 13 | 4 | 6 | 13 | 266 | 351 | 343 |
| Tax % | -2,948% | 80% | 62% | 73% | 86% | 27% | 37% | |
| Net Profit | 13 | 3 | 1 | 2 | 2 | 195 | 220 | 210 |
| EPS in Rs | 0.54 | 0.11 | 0.06 | 0.07 | 0.07 | 6.97 | 8.16 | 7.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 52% | 66% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 11% | 8% | 8% | ||
| Compounded Profit Growth | % | 147% | 422% | -7% | ||
| Stock Price CAGR | % | % | % | 41% | ||
| Return on Equity | % | 11% | 14% | 14% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 47 | 47 | 47 | 49 | 49 | 56 | 56 |
| Reserves | 326 | 328 | 357 | 357 | 358 | 1,487 | 1,607 |
| Borrowings | 1,058 | 981 | 863 | 793 | 835 | 905 | 1,151 |
| Other Liabilities | 983 | 952 | 988 | 1,301 | 1,403 | 1,086 | 1,350 |
| Total Liabilities | 2,414 | 2,308 | 2,255 | 2,500 | 2,645 | 3,534 | 4,163 |
| Fixed Assets | 636 | 649 | 692 | 575 | 635 | 749 | 889 |
| CWIP | 48 | 17 | 15 | 14 | 16 | 19 | 110 |
| Investments | 0 | 22 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1,730 | 1,620 | 1,548 | 1,910 | 1,995 | 2,765 | 3,164 |
| Total Assets | 2,414 | 2,308 | 2,255 | 2,500 | 2,645 | 3,534 | 4,163 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 595 | 247 | 179 | 230 | 186 | -678 | 362 |
| Cash from Investing Activity | -45 | -59 | 53 | -19 | -54 | -182 | -331 |
| Cash from Financing Activity | -496 | -216 | -256 | -203 | -132 | 922 | 10 |
| Net Cash Flow | 53 | -29 | -24 | 8 | -0 | 61 | 41 |
| Free Cash Flow | 548 | 212 | 124 | 210 | 141 | -806 | 16 |
| CFO/OP | 255% | 128% | 93% | 126% | 80% | -141% | 94% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 114 | 135 | 130 | 111 | 136 | 181 | 168 |
| Inventory Days | 151 | 196 | 153 | 190 | 124 | 196 | 221 |
| Days Payable | 172 | 267 | 228 | 189 | 204 | 206 | 235 |
| Cash Conversion Cycle | 93 | 64 | 54 | 113 | 57 | 172 | 154 |
| Working Capital Days | -39 | -52 | -30 | -18 | -20 | 67 | 55 |
| ROCE % | 11% | 11% | 12% | 16% | 21% | 18% |
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 80.91% | 80.91% | 80.91% | 80.91% | 80.91% | 80.91% | 80.91% | 80.91% | 80.91% |
| FIIs | 3.83% | 2.83% | 2.55% | 2.73% | 2.82% | 2.96% | 3.36% | 3.23% | 3.24% |
| DIIs | 3.52% | 4.14% | 4.01% | 4.03% | 4.73% | 4.56% | 4.61% | 4.82% | 5.07% |
| Public | 11.73% | 12.11% | 12.53% | 12.33% | 11.53% | 11.58% | 11.12% | 11.03% | 10.77% |
| No. of Shareholders | 3,63,049 | 1,21,282 | 1,09,574 | 1,09,052 | 1,05,910 | 1,09,761 | 1,27,169 | 1,19,762 | 1,12,420 |
Fundamentals
Market Cap₹ 20,041 Cr.
Current Price₹ 716
Stock P/E89.8
Book Value₹ 59.4
ROCE18.4 %
ROE14.3 %
Dividend Yield0.75 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)-7%
Consolidated figures.
Valuation
Market capRs 16,586 Cr
Enterprise valueRs 17,326 Cr
P/E (TTM)75.06x
Price to book40.84x
Price to sales4.17x
EV / EBITDA30.59x
EV / EBIT36.09x
EV / sales4.35x
Price to cash flow72.16x
Earnings yield1.33%
Profitability
Operating margin (excl. other income)5.91%
Operating margin (incl. other income)6.26%
EBITDA margin14.24%
Pre-tax margin8.63%
Net profit margin5.55%
Net margin, latest quarter5.03%
ROE0.40%
ROCE11.50%
ROA0.07%
ROE, 3-year average0.48%
ROCE, 3-year average11.35%
ROA, 3-year average0.08%
ROIC (approx.)11.27%
Tax rate73.11%
Other income / net worth2.72%
Growth
Sales growth (latest year)17.16%
Profit growth (latest year)8.11%
Sales CAGR, 3 years1.65%
Profit CAGR, 3 years-49.99%
Sales growth QoQ-2.78%
Profit growth QoQ20.14%
Sales growth YoY (latest quarter)6.08%
Profit growth YoY (latest quarter)-12.98%
Per share
EPS (TTM)Rs 9.05
EPS (latest year)Rs 0.07
EPS (latest quarter)Rs 2.02
EPS, 3-year averageRs 0.08
Book value per shareRs 16.64
Sales per shareRs 162.99
Cash flow per shareRs 9.42
Free cash flow per shareRs 0.66
Efficiency
Asset turnover1.26x
Fixed asset turnover5.47x
Inventory turnover4.12x
Inventory days88 days
Debtor days111 days
Debtors turnover3.29x
Creditor days235 days
Cash conversion cycle154 days
Working capital days55 days
Leverage
Total debtRs 793 Cr
Cash and bankRs 53 Cr
Net debtRs 740 Cr
Debt to equity1.95x
Net debt / EBITDA1.31x
Interest coverage3.51x
Current ratio (filing 2026-03-31)1.34x
Quick ratio (filing 2026-03-31)1.00x
Trade payables (filing 2026-03-31)Rs 804 Cr
Owners' fund to total sources16.25%
Debt to assets31.71%
Cash flow
Cash from Operating Activity (latest year)Rs 230 Cr
Cash from Investing Activity (latest year)Rs -19 Cr
Cash from Financing Activity (latest year)Rs -203 Cr
Net Cash Flow (latest year)Rs 8 Cr
Free cash flow (latest year)Rs 16 Cr
FCFE (approx.: FCF + change in debt)Rs -54 Cr
Cash from ops / profit, 5 years0.66x
Sales to cash flow13.69x
Statement figures
Net sales (TTM)Rs 3,979 Cr
Net sales (latest year)Rs 3,147 Cr
Sales (latest quarter)Rs 979 Cr
Operating profit excl. other income (latest year)Rs 186 Cr
Operating profit (latest quarter)Rs 115 Cr
Other income (TTM)Rs 21 Cr
EBITDA (TTM)Rs 566 Cr
PBDT (TTM)Rs 430 Cr
Profit before tax (TTM)Rs 343 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 221 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 49 Cr
Depreciation (TTM)Rs 86 Cr
Depreciation (latest quarter)Rs 23 Cr
Interest (TTM)Rs 137 Cr
Cost of goods sold (latest year)Rs 2,356 Cr
Total expenditure (latest year)Rs 2,961 Cr
Total income (latest year)Rs 3,158 Cr
Share capitalRs 49 Cr
ReservesRs 357 Cr
Shareholders' fundsRs 406 Cr
Total assetsRs 2,500 Cr
Net blockRs 575 Cr
Capital work in progressRs 14 Cr
ReceivablesRs 958 Cr
InventoryRs 571 Cr
Other liabilitiesRs 1,301 Cr
Shares outstanding (crore)24.41
Ownership
Promoter holding80.91% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 40.84 is at the 93th percentile (median 28.76).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ABDL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.6% | -2.8% | -1.8 pts |
| 1 month | +10.1% | -6.8% | +16.9 pts |
| 3 months | +3.7% | -7.6% | +11.3 pts |
| 6 months | +68.2% | +0.4% | +67.8 pts |
| 1 year | +29.8% | -9.9% | +39.7 pts |
| 2 years | +94.2% | -13.6% | +107.8 pts |
52 mutual fund schemes hold about ₹525 Cr.
Over three months 5 bought more and 45 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Nippon India Small Cap Fund | 0.31% | 258 | -28% |
| Nippon India Value Fund | 0.49% | 44 | -12% |
| LIC MF Multi Cap Fund | 1.53% | 34 | -15% |
| Motilal Oswal Consumption Fund | 2.54% | 30 | -39% |
| LIC MF Small Cap Fund | 2.52% | 21 | -17% |
| Motilal Oswal Innovation Opportunities Fund | 2.76% | 19 | -25% |
| LIC MF Dividend Yield Fund | 2.25% | 17 | -16% |
| LIC MF Dividend Yield Fund | 2.25% | 16 | -16% |
| ITI Multi Cap Fund | 0.78% | 12 | -31% |
| Helios Small Cap Fund | 0.65% | 10 | -36% |
| Nippon India Active Momentum Fund | 1.42% | 8 | -27% |
| LIC MF Multi Asset Allocation Fund | 0.77% | 8 | -41% |
| LIC MF Midcap Fund | 1.79% | 7 | -16% |
| LIC MF Large Cap Fund | 0.48% | 7 | -51% |
| Nippon India Nifty Smallcap 250 Index Fund | 0.15% | 5 | -14% |
| Nippon India Consumption Fund | 0.21% | 5 | +100% |
| LIC MF Consumption Fund | 1.10% | 5 | -61% |
| ITI Large & Mid Cap Fund | 0.59% | 4 | +100% |
| SBI Nifty Smallcap 250 Index Fund | 0.15% | 3 | -14% |
| Motilal Oswal Nifty Smallcap 250 Index Fund | 0.15% | 2 | -14% |
| ICICI Pru Nifty Smallcap 250 Index Fund | 0.15% | 1 | -14% |
| ITI Bharat Consumption Fund | 0.32% | 1 | +100% |
| HDFC NIFTY Smallcap 250 Index Fund | 0.15% | 1 | -14% |
| Nippon India Nifty 500 Equal Weight Index Fund | 0.20% | 1 | -11% |
| JioBlackRock Nifty Smallcap 250 Index Fund | 0.15% | 1 | -14% |
Red flags
F-score 5 of 8| explain | Low interest cover Interest cover 1.0x in 2026 |
| look | Inventory outrunning sales Inventory grew 59% vs sales +17% in 2026 |
| look | Profit leans on other income Other income was 185% of pre-tax profit in 2026 |
| look | Regulator order or action Regulator order or action 2026-04-23: Update on Tax Litigation |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Insider trades
NSE insider and takeover-code disclosures| Date | Who | Role | Side | Shares | Value | How |
|---|---|---|---|---|---|---|
| 2026-09-23 | Bina Kishore Chhabria | Promoter group | sell | 5,500,000 | SAST Open Market |
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.
Latest quarter
Jun 2026Sales ₹979 Cr +6.1% vs Jun 2025.
Net profit ₹45 Cr -19.6%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| United Spirits Ltd | 99,138 | 53.5 | 26.4 % |
| Radico Khaitan Ltd | 58,473 | 82.3 | 24.2 % |
| United Breweries Ltd | 31,998 | 92.6 | 10.7 % |
| Tilaknagar Industries Ltd | 13,655 | 60.4 | 11.8 % |
| Piccadily Agro Industries Ltd | 5,942 | 42.3 | 18.0 % |
| Globus Spirits Ltd | 2,532 | 25.2 | 11.2 % |
| G M Breweries Ltd | 2,197 | 13.0 | 18.0 % |
| India Glycols Ltd | 2,043 | 6.44 | 12.4 % |
| Som Distilleries & Breweries Ltd | 1,645 | 5.67 % | |
| Associated Alcohols & Breweries Ltd | 1,271 | 15.4 | 18.0 % |
| Sula Vineyards Ltd | 1,112 | 42.9 | 7.55 % |
| Asgard Alcobev Ltd | 1,073 | 422 | 7.38 % |
| BCL Industries Ltd | 958 | 8.22 | 13.9 % |
| IFB Agro Industries Ltd | 844 | 13.1 | 13.3 % |
| Jagatjit Industries Ltd | 662 | 57.1 | 10.5 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-06-25 | Dividend - Rs 5.40 Per Share | |
| 2025-06-27 | Dividend - Rs 3.60 Per Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)