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Alcoholic beverages Historical case study · data as of 22 Jul 2026 · published 25 Oct 2026 (95 days later)

Allied Blenders and Distillers — 100-point case study

How Allied Blenders and Distillers looked on 50 technical and 50 fundamental measures on 22 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: ABDL · BSE: 544203
Close on 22 Jul 2026	₹615.70
Market cap then	₹17,213 crore
Valuation	P/E 77.9× · P/B 10.35×
Momentum	RSI (14) 46 · 1-year return +27.6%
Next 3 months	+9.2% vs Nifty 50 -5.8% (to 23 Oct 2026)

Scorecard

Technical — 50 points

17 bullish · 22 neutral · 2 caution · 8 bearish — the picture leaned positive.

Fundamental — 50 points

4 bullish · 40 neutral · 5 caution · 0 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Technical analysis — 50 points

Calculated by code from daily prices up to 22 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope -0.36%/day	Bearish	Over the last 20 sessions the regression line of closing prices was falling about 0.36% a day — a short-term downtrend. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return +8.9%	Bullish	The 100-session trend line was up (+0.44%/day) and the stock was +8.9% over three months, so the medium-term picture was bullish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return +27.6%	Bullish	Compared with a year earlier the price was +27.6%. A strong positive year. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 610.95 / 30W 536.17	Bullish	On the weekly chart the stock showed a weekly close above a rising 10-week and 30-week average stack. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 652.60→711.70; lows 560.00→610.15	Bullish	The two most recent swing points showed higher swing highs and higher swing lows — classic uptrend structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	23.7	Bearish	ADX at 23.7 shows a trend of moderate strength. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 18.3 / –DI 20.6	Bearish	–DI was above +DI: sellers had the upper hand in directional movement. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	646.55 (-4.8%)	Bearish	Close of 615.70 was 4.8% below the 20-day SMA — the short-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	604.26 (+1.9%)	Bullish	Close of 615.70 was 1.9% above the 50-day SMA — the medium-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	558.60 (+10.2%)	Bullish	Close of 615.70 was 10.2% above the 200-day SMA — the long-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 627.98 / 21E 632.08	Bearish	The 9-day EMA was below the 21-day EMA; the last crossover happened on 17 Jul 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	last golden cross 16 Jun 2026	Bullish	The 50-day average was 8.2% above the 200-day. The most recent signal was a golden cross on 16 Jun 2026. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	+6.8% in 20 sessions	Bullish	The 50-day average rose 6.8% over the past month — rising. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	647 / 604 / 545 / 559	Neutral	The 20/50/100/200-day averages were tangled — no clean order, typical of a transition or range. Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	662.09 (-7.0%)	Bearish	Anchored to the start of July, the volume-weighted average price was 662.09; the close was below it — buyers that month were on average under water. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	45.6	Neutral	RSI at 45.6 was in the neutral 45–55 zone. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	none	Neutral	Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD 2.00 / signal 10.05	Bearish	MACD was below its signal line — momentum turning or staying negative. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	-8.79 → -8.05	Bullish	The histogram rose over the last five sessions, meaning momentum was improving. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	2.00	Bullish	MACD above zero means the 12-day EMA was above the 26-day EMA — a positive momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 10.0 / %D 11.2	Caution	Slow stochastic at 10.0 was in oversold territory (<20). Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-94.7	Caution	%R of -94.7 put the close near the bottom of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	-80	Neutral	CCI at -80 was within the normal ±100 band. Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	-8.8%	Bearish	Price changed -8.8% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.21 (bands 592.79–700.31)	Neutral	%B of 0.21 — inside the bands, lower half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 16.6% (29th pct of 6M)	Neutral	Band width was at the 29th percentile of the last six months, a normal level. How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹22.17 (3.6% of price)	Neutral	A typical day's range was about ₹22.17, or 3.6% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	43.7% vs 1Y 41.4%	Neutral	Annualised 30-day volatility was 43.7%, close to the one-year level of 41.4%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	589.35–675.56	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	1.14	Neutral	A beta of 1.14 means the stock tended to move more than the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.43× / 5-day 0.38×	Neutral	The final session traded 0.43× its 20-day average volume and the last five sessions averaged 0.38× — lighter than usual participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 1.81	Bullish	Average volume on up days was 1.81× that on down days — accumulation-leaning. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV rising	Bullish	OBV rose over the month while price fell — volume diverged from price. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	rising (20d)	Bullish	The A/D line rose, meaning closes tended to be in the upper part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	0.09	Bullish	CMF at +0.09 indicated net inflows. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	48.9	Neutral	MFI, a volume-weighted RSI, was 48.9. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹40 cr/day	Neutral	About ₹40 crore changed hands per day on average over 20 sessions — moderately liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	603.63 / 560.00 / 525.05	Neutral	Nearest support (prior swing lows) sat at 603.63, 2.0% below the close, then 560.00, 525.05. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	622.00 / 633.58 / 652.60	Neutral	Nearest resistance (prior swing highs) sat at 622.00, 1.0% above the close, then 633.58, 652.60. How to read: Information only.
40	Monthly pivot points (for next month)	P 645.90 \| R1 681.50 \| S1 580.10	Neutral	Classic pivots from July's high/low/close gave a pivot of 645.90; the close was below it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 634 \| 38.2% 586 \| 50.0% 547 \| 61.8% 508	Neutral	Measuring the 6-month rise from 382.10 to 711.70, the close was nearest the 23.6% retracement at 633.91. How to read: Information only.
42	52-week high / low	H 711.70 / L 382.10	Neutral	The close was 13.5% below the 52-week high and 61.1% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	2 open; latest gap-down 13 Jul at 645.05	Neutral	There were 2 unfilled gap(s). The latest, a gap-down on 13 Jul 2026, left an open level at 645.05 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	pullback inside a larger uptrend	Neutral	Rule-based pattern scan: pullback inside a larger uptrend. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 610.15–711.70	Neutral	The close was inside the prior 20-day range of 610.15–711.70. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Ordinary red candle	Neutral	On 22 Jul the candle opened 618.00, ranged 611.60–628.65 and closed 615.70: Ordinary red candle. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 519.42–588.14; Tenkan 643.38 / Kijun 660.92	Bullish	Price was above the cloud and the Tenkan line was below the Kijun line — a bullish Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M -2.1% / 3M +11.3%	Bullish	The stock outperformed the Nifty 50 by 11.3 points over three months and underperformed by 2.1 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M +34.2%	Bullish	No sector index in today's data set, so we show the 6-month comparison instead: 34.2 points ahead of the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	17 bullish · 8 bearish · 22 neutral · 2 caution	Bullish	Across the 49 readings the technical picture leaned positive. Levels that mattered: support 603.63, resistance 622.00. This is a description of the chart on 22 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 22 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Jun 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 22 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	77.9×	Neutral	At ₹615.70 the market valued the company at about ₹17,213 crore, or 77.9× the ₹221 crore profit of the four quarters to Mar 2026. That is a premium multiple — the market expected growth. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	10.35×	Neutral	Market cap was 10.35× the Mar 2026 book value (equity + reserves) of ₹1,663 crore. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Sales	4.39×	Neutral	The company was valued at 4.39× its trailing-12-month sales of ₹3,923 crore. How to read: Information only.
4	EV / EBITDA (approx.)	33.9×	Neutral	Enterprise value (market cap + ₹1,151 cr borrowings; cash not netted) was 33.9× trailing operating profit of ₹542 crore. How to read: Information only. Lower means cheaper relative to operating profit.
5	Earnings yield	1.3%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹1.3 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	0.21	Caution	P/E of 77.9 divided by 3-year profit growth of 379.1% a year gives a PEG of 0.21. Below 1 is often read as growth being cheaply priced; above 2 as expensive. Note: the Mar 2025 quarter carried unusual other income of ₹14 crore; the Mar 2026 quarter carried unusual other income of ₹13 crore — a one-off that distorts year-on-year profit comparisons. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	0.88%	Neutral	Dividends with ex-dates in the 12 months to the snapshot totalled ₹5.4 a share, a 0.88% yield on the ₹615.70 price. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹17,213 cr	Neutral	At about ₹0.17 lakh crore the company was a small-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹102.86 vs ₹615.70	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹102.86; the price was 499% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	+11.4%	Bullish	Revenue for FY26 was ₹3,923 crore, +11.4% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+9.3%	Neutral	The Jan–Mar 2026 quarter brought ₹1,007 crore of revenue, +9.3% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	+12.8%	Caution	FY26 net profit was ₹220 crore, +12.8% on FY25's ₹195 crore. Note: the Mar 2025 quarter carried unusual other income of ₹14 crore; the Mar 2026 quarter carried unusual other income of ₹13 crore — a one-off that distorts year-on-year profit comparisons. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	-51.9%	Caution	Quarterly profit was ₹38 crore versus ₹79 crore a year earlier (-51.9%). Note: the Mar 2025 quarter carried unusual other income of ₹14 crore; the Mar 2026 quarter carried unusual other income of ₹13 crore — a one-off that distorts year-on-year profit comparisons. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	7.6%	Neutral	Revenue compounded at 7.6% a year from FY23 to FY26. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	379.1%	Caution	Net profit compounded at 379.1% a year from FY23 to FY26. Note: the Mar 2025 quarter carried unusual other income of ₹14 crore; the Mar 2026 quarter carried unusual other income of ₹13 crore — a one-off that distorts year-on-year profit comparisons. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	10.8%	Neutral	Over five years (FY21–FY26) revenue compounded at 10.8% a year. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	+17.1%	Caution	Reported EPS went from ₹6.97 to ₹8.16 (+17.1%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Note: the Mar 2025 quarter carried unusual other income of ₹14 crore; the Mar 2026 quarter carried unusual other income of ₹13 crore — a one-off that distorts year-on-year profit comparisons. Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	14%	Neutral	Operating profit (EBITDA) was 14% of sales in FY26 versus 12% in FY25. How to read: Information only — normal margins differ a lot by industry.
19	Operating margin trend (4 quarters)	12% → 13% → 14% → 17%	Bullish	Quarterly margins moved from 12% to 17% over the last four quarters — expanding. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral when broadly stable.
20	Net profit margin FY26	5.6%	Neutral	₹5.6 of every ₹100 of revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	13.7%	Neutral	FY26 profit was 13.7% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	ROCE FY26	18%	Neutral	Return on capital employed (debt + equity) was 18% in FY26. Bullish above 20% · Bearish below 10% · Neutral 10–20%.
23	Return on assets FY26	5.28%	Neutral	Net profit was 5.28% of total assets. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	37%	Neutral	The company paid about 37% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Other income share of pre-tax profit	7%	Neutral	Non-operating 'other income' of ₹23 crore made up 7% of pre-tax profit. How to read: Caution above 25% (headline profit leans on non-core income). Neutral otherwise.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	0.69	Neutral	Borrowings of ₹1,151 crore were 0.69× equity — moderate leverage. Bullish below 0.3 (very low leverage) · Bearish above 1 (high leverage) · Neutral 0.3–1.
27	Debt / EBITDA	2.12×	Neutral	Debt equalled 2.12 years of FY26 operating profit. Bullish below 1× · Bearish above 3× · Neutral 1–3×.
28	Interest coverage	3.6×	Neutral	Earnings before interest and tax covered interest cost 3.6 times. Bullish above 8× · Bearish below 3× · Neutral 3–8×, or not meaningful when interest is negligible.
29	Book value growth	+7.8%	Neutral	Shareholders' equity grew +7.8% from ₹1,543 crore to ₹1,663 crore in FY26. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.
30	Capital work in progress	₹110 cr (12% of fixed assets)	Neutral	Projects under construction (CWIP) were 12% of fixed assets — a modest pipeline. How to read: Information only. Above 20% means a big expansion pipeline that is not yet earning.
31	Working capital days	55 days	Neutral	Working capital tied up equalled 55 days of sales (FY25: 67). Negative means suppliers/customers fund operations. How to read: Information only. Lower is generally more efficient; negative means suppliers or customers fund the business.
32	Cash conversion cycle	154 days	Neutral	It took 154 days to turn inventory and receivables into cash, net of supplier credit. How to read: Information only. Shorter is generally better.
33	Debtor days	168 (FY25 181)	Neutral	Customers took 168 days on average to pay, versus 181 a year earlier. How to read: Caution when debtor days rose more than 20% in a year (collections stretching). Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹362 cr	Bullish	The business generated ₹362 crore of operating cash in FY26 versus ₹-678 crore in FY25. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Free cash flow FY26	n/a	Neutral	Free cash flow line not available on source page. Bullish positive · Bearish negative · Neutral when not available.
36	Cash conversion (CFO ÷ net profit)	1.65×	Bullish	Operating cash flow was 1.65× reported profit — profits were well backed by cash. Bullish above 1× (profits well backed by cash) · Caution below 0.7×. Neutral 0.7–1×.
37	Free-cash-flow yield	n/a	Neutral	Not available. Bullish above 4% · Neutral at 4% or less.
38	Free cash flow — 3-year total	n/a	Neutral	Not available. Bullish positive total · Bearish negative total · Neutral when not available.
39	Capex FY26 (CFO – FCF)	n/a	Neutral	Not available. How to read: Information only.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	66%	Neutral	The company paid out about 66% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	0% / 52% / 66%	Neutral	Payout ratios for FY24 / FY25 / FY26 — dividends were irregular. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+0.0%	Neutral	Paid-up equity capital changed +0.0% (₹56 cr → ₹56 cr). Essentially unchanged — no dilution. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	80.91% (+0.00 pts YoY)	Neutral	Promoters owned 80.91% at Jun 2026 versus 80.91% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	3.24% (+0.42 pts YoY)	Neutral	FIIs held 3.24% at Jun 2026, up from 2.82% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	5.07% (+0.34 pts YoY)	Neutral	Mutual funds, insurers and other DIIs held 5.07%, up from 4.73%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	1.1 lakh (+6.1% YoY)	Neutral	The shareholder count moved from 1.1 lakh to 1.1 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	5/8	Neutral	Passed: positive profit, positive operating cash flow, CFO > net profit, operating margin improved, no meaningful dilution (<3%). Failed: leverage fell, ROA improved, asset turnover improved. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	2 strength(s) · 3 weakness(es)	Neutral	Strengths: Company has delivered good profit growth of 147% CAGR over last 5 years; Company has been maintaining a healthy dividend payout of 39.3%. Weaknesses: Stock is trading at 11.3 times its book value; The company has delivered a poor sales growth of 10.8% over past five years; Company has high debtors of 168 days. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	4 bullish · 0 bearish · 40 neutral · 5 caution	Bullish	On the numbers published by 22 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 77.9×, P/B 10.35×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 22 Apr 2026 – 22 Jul 2026 that an investor could have known on the snapshot date.

15 May 2026 Allied Blenders and Distillers Q4 profit down at Rs 37.62 cr — Consolidated Q4 FY26 net profit fell 52% YoY to Rs 37.62 crore; revenue from operations was roughly flat at Rs 1,908.77 crore. FY26 net profit rose 13% to Rs 220.11 crore. Board recommended a final dividend of Rs 5.40 per share. source
16 May 2026 Allied Blenders and Distillers Limited announces Annual dividend, payable on August 05, 2026 — Annual dividend of INR 5.40 per share; ex-date June 25, 2026, record date June 26, 2026. source
22 May 2026 Allied Blenders and Distillers Share Price Surges; Incorporates Wholly Owned Subsidiary in UK — Board approved on May 21, 2026 the setting up of a wholly owned UK subsidiary (proposed 'ABD UK Ltd') for alcoholic beverage activities, with initial capital of GBP 100. source
12 Jun 2026 ICONiQ White retains title as world's fastest-growing whisky brand — ICONiQ White was named the fastest-growing millionaire whisky brand for a third straight year in Drinks International's Millionaires' Club 2026 report; Officer's Choice ranked world No. 3 whisky brand. source
15 Jun 2026 Allied Blenders and Distillers Announcement Regarding 18th AGM and Annual Report Dispatch — 18th AGM scheduled for July 6, 2026 via video conference; record date for final dividend June 26, 2026; e-voting July 2-5, 2026. source
18 Jul 2026 Allied Blenders Share Price in Focus; Subsidiary Files Rs 34.86 Crore Counterclaim in Arbitration — Subsidiary Minakshi Agro Industries LLP filed a counterclaim of about Rs 34.86 crore against a former partner in an ongoing arbitration on July 17, 2026. source

What happened next (22 Jul 2026 → 23 Oct 2026)

Price went from ₹615.70 to ₹672.65 by 23 Oct 2026 (+9.2%) while the Nifty 50 moved -5.8% — outperforming by 15.1 points.
Highest ₹766.90 on 15 Oct 2026; lowest ₹580.00 on 24 Jul 2026.
S1 603.63: broken on a closing basis on 23 Jul 2026.
S2 560.00: held on a closing basis.
R1 622.00: cleared on a closing basis on 27 Jul 2026.
R2 633.58: cleared on a closing basis on 29 Jul 2026.
200-day SMA: price was above it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 23 Jul 2026): revenue ₹979 crore (+6.1% YoY), net profit ₹45 crore (-19.6% YoY), operating margin 12% vs 12% a year earlier (Screener consolidated figures).

Later news

24 Jul 2026 Allied Blenders Q1 Profit Down 18.6 %, Revenue Rises to Rs 1,809 Cr — Q1 FY27 results filed July 23, 2026: consolidated net profit fell 18.65% YoY to Rs 45.42 crore; revenue from operations (gross) rose 1.84% to Rs 1,809.15 crore; EBITDA about Rs 120 crore. Company cited global supply-chain disruptions and investments in its luxury portfolio. source
24 Aug 2026 ABDL shares surge 3% on Malaysia expansion — Company announced its first international local production arrangement, a co-bottling deal in Malaysia for Officer's Choice Blue. India Ratings upgraded its bank facilities rating to IND AA- (Stable) on August 19, 2026. source
16 Sep 2026 Allied Blenders jumps on getting Licence for manufacture of malt spirits for potable purpose — Telangana excise authorities granted a licence to manufacture malt spirits (about 4.4 million bulk litres a year) at its Rangapur, Wanaparthy facility. source
28 Sep 2026 Allied Blenders In Talks For Up To 15% Stake Buy By Suntory — Reports said Suntory is in preliminary talks for a minority stake of up to 15%. A promoter sold a 1.96% stake for Rs 357.59 crore at Rs 650.17 per share to meet minimum public shareholding norms. source
13 Oct 2026 Allied Blenders Promoters Plan Up To 24% Stake Sale To Strategic Investor — Promoters plan to sell up to 24% of the company to bring in a strategic partner, retaining over 56% after a full sale. source

Educational summary. On 22 Jul 2026 the technical picture leaned positive and the fundamental picture leaned positive. Over the next three months the stock moved +9.2% against -5.8% for the Nifty 50. Here the chart's message lined up with what followed. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Allied Blenders and Distillers today.

Method designed by our founder, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 25 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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