Allied Blenders and Distillers Limited (ABDL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-135.9%

-₹251.80

vs ₹701.05 price

Levered DCF

-₹133.47

After debt service

Piotroski score

—

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	49.59×	42.52×	4,860.86×	5,557.69×	6,020.83×
P/B	6.81×	5.37×	21.85×	21.9×	22×
P/S	2.89×	2.48×	2.8×	2.97×	3.47×
EV / EBITDA	22.78×	20.17×	39.85×	49.26×	46.9×
Gross margin	30.0%	36.0%	31.1%	31.1%	33.8%
Operating margin	11.5%	11.3%	6.3%	4.5%	5.9%
Net margin	5.8%	5.8%	0.1%	0.1%	0.1%
Current ratio	1.34×	1.42×	0.94×	0.94×	0.89×
Debt / equity	0.69×	0.59×	2.05×	1.95×	2.14×
Interest coverage	3.35×	3.02×	1.16×	1.01×	1.05×
Dividend yield	0.9%	0.0%	0.0%	0.0%	0.0%
Payout ratio	44.1%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	13.7%	12.6%	0.4%	0.4%	0.4%
Return on invested capital	9.9%	11.1%	2.3%	3.0%	4.6%
Return on assets	5.5%	5.5%	0.1%	0.1%	0.1%
Free cash flow yield	-1.0%	-9.8%	1.6%	2.4%	1.4%
Earnings yield	2.0%	2.4%	0.0%	0.0%	0.0%
Enterprise value	₹123.4B	₹91.1B	₹97B	₹96.6B	₹97.4B
Net debt / EBITDA	1.89×	1.81×	3.32×	3.9×	4.06×
Cash conversion cycle (days)	164	187	98	118	99