MoneyWorks4Me

Associated Alcohols & Breweries Ltd (ASALCBR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507526 NSE: ASALCBR Breweries & Distilleries | Small Cap | Assoc Alcohols &Brew Share Price

₹675.70 -21.25 (-3.05%)

As on 11-Sep'26 15:13

Associated Alcohols & Breweries Ltd (ASALCBR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507526 NSE: ASALCBR Breweries & Distilleries | Small Cap | Assoc Alcohols &Brew Share Price

₹675.70 -21.25 (-3.05%)

As on 11-Sep'26 15:13

Key Metrics
Valuation Multiples
Market Cap
₹1,399 Cr.
Current Price
₹675.7
52-Week Low / High
₹663 / 1,275
TTM EPS
₹41.2
TTM Sales
₹1,049 Cr.
Book Value per Share
₹354.8
P/E Ratio
16.93
Lower than its 5-year historical median
Industry PE
51.5
Price to Book (P/B)
1.96
Lower than its 5-year historical median
Price to Sales (P/S)
1.33
Lower than its 5-year historical median
EV/EBITDA
10.11
Lower than its 5-year historical median
Dividend Yield
0.3%
Profitability Efficiency
Return on Equity (ROE)
14.92%
Outperforms industry median
Return on Capital Employed (ROCE)
18.06%
Outperforms industry median
Return on Assets (ROA)
10.75%
Operating Profit Margin
14%
Net Profit Margin
8.68%
Gross Profit Margin
13.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-5.25%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
11.6%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
8.63%
Asset Quality
Promoter Holding
62.35%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹692 Cr.
Equity
₹20.1 Cr.
Face Value
₹10
All Time Low / High
₹1.25 / 1496.30

Associated Alcohols & Breweries stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 Is Associated Alcohols & Breweries Ltd a good quality company?
Associated Alcohols & Breweries Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Associated Alcohols & Breweries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Associated Alcohols & Breweries Ltd vs industry peers?
Associated Alcohols & Breweries Ltd revenue CAGR is 18.53%, compared to the industry median CAGR of 16.23%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Associated Alcohols & Breweries Ltd?
Promoters hold 62.35% of the Associated Alcohols & Breweries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Associated Alcohols & Breweries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Associated Alcohols & Breweries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 25.2%32%31%34.5%34.4%28.4%14.7%14.6%20.2%18.1%-
Value Creation
Index
0.81.31.21.51.51.00.10.00.40.3-

Growth Parameters

Sales 2913243995234365137017601,0761,0191,049
Sales YoY Gr.-11.4%23%31.1%-16.6%17.6%36.7%8.4%41.6%-5.3%-
Adj EPS 9.713.916.727.73233.123.22845.144.141.2
YoY Gr.-42.9%20.6%65.8%15.7%3.3%-29.9%20.6%60.9%-2.2%-
BVPS (₹) 53.666.882.5108139.3173201227.9271.5346354.9
Adj Net
Profit
17.52530.250.157.959.84250.681.588.583
Cash Flow from Ops. 24.638.924.858.466.779.26.828.473.951.8-
Debt/CF from Ops. 1.30.61.20.20.10.1143.71.31.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 14.9%18.5%13.3%-5.3%
Adj EPS 18.3%6.6%23.9%-2.2%
BVPS23%20%19.8%27.4%
Share Price 19% 8.8% 14.8% -35.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
19.72322.429.125.921.212.412.917.314.611.8
Op. Profit
Mgn %
13.916.114.414.220.516910.111.91412.9
Net Profit
Mgn %
67.77.69.613.311.766.77.68.77.9
Debt to
Equity
0.30.20.20.1000.30.30.20.1-
Working Cap
Days
929910389112117981018411053
Cash Conv.
Cycle
2432373440312739354829

Valuation of Assoc Alcohols &Brew - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'13Mar'14Mar'15Mar'25Mar'26
Sales647692861572132981,0761,019
Operating Expenses + 59798983145195268948876
Manufacturing Costs1719238597590313284
Material Costs284550417296143510458
Employee Cost 211148174659
Other Costs 131415331016187876
Operating Profit 5-334121831128143
Operating Profit Margin (%) 7.2%-4.0%3.5%4.3%7.5%8.5%10.4%11.9%14.0%
Other Income + 123335256
Exceptional Items 000000200
Interest 223247766
Depreciation 333357101724
Profit Before Tax 1-61261018110118
Tax -0-1-202462830
Profit After Tax 1-53136128188
PAT Margin (%) 1.3%-6.2%2.8%1.4%2.1%2.7%4.1%7.6%8.7%
Adjusted EPS (₹)0.6-3.62.00.91.83.26.845.044.1
Dividend Payout Ratio (%)0%0%0%13.50%0%0%3.70%4.40%4.50%
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'13Mar'14Mar'15Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 33292930515768491695
Share Capital 77779991820
Reserves 27222223424859473675
Debt +253036355685387846
Long Term Debt253036353963253010
Short Term Debt00001722134836
Minority Interest000011100
Trade Payables81011102315274538
Others Liabilities 9101010343337139115
Total Liabilities 74788684165191170753893

Fixed Assets

Net Fixed Assets +36333235899894351395
Gross Block53525359127141139464532
Accumulated Depreciation16192124384245113137
CWIP 02328023219
Investments 022044364109
Inventories891313232632137157
Trade Receivables141825169783942
Cash Equivalents 22431117121519
Others Assets 1412714233819114152
Total Assets 74788684165191170753893
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'13Mar'14Mar'15Mar'25Mar'26
Cash Flow From Operating Activity + -0-3-2318-13477452
PBT 1-61261018110118
Adjustment 4454814141925
Changes in Working Capital -30-5-09-2823-31-68
Tax Paid -0-0-0-0-1-1-2-24-23
Cash Flow From Investing Activity + -0-3-2-2-37-9-6-83-88
Capex -1-2-3-5-36-9-6-86-52
Net Investments 0-202-1001-42
Others 111100026
Cash Flow From Financing Activity + -266-22228-47146
Net Proceeds from Shares 000000000
Net Proceeds from Borrowing -26602223-38-20-20
Interest Paid 0000000-7-6
Dividend Paid 000-2000-4-4
Others 000-005-93276
Net Cash Flow -3-12-125-5-810
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'13Mar'14Mar'15Mar'25Mar'26
Ratios
ROE (%)2.42-15.169.144.178.1910.7819.7729.1514.92
ROCE (%)4.92-5.555.685.6210.6412.7519.131.5518.06
Asset Turnover Ratio0.8611.131.021.261.21.652.441.29
PAT to CFO Conversion(x)-0N/A-0.6736-2.173.920.910.59
Working Capital Days
Receivable Days79.1077.5085.8086.5028.8013.809.507.7014.10
Inventory Days45.8041.7044.7055.8041.6041.8035.4027.3050.50
Payable Days98.9070.10749082.7072.8053.4025.5033.10

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Associated Alcohols & Breweries Ltd FAQs

The current trading price of Assoc Alcohols &Brew on 11-Sep-2026 15:13 is ₹675.7.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Assoc Alcohols &Brew stood at ₹1,399.4 Cr

The latest P/E ratio of Assoc Alcohols &Brew as of 10-Sep-2026 is 16.91.

The latest P/B ratio of Assoc Alcohols &Brew as of 10-Sep-2026 is 1.96.

The 52-week high of Assoc Alcohols &Brew is ₹1,275.5 and the 52-week low is ₹663.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Assoc Alcohols &Brew is ₹1,049 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Associated Alcohols & Breweries Ltd is a below average quality company.

The key valuation ratios of Associated Alcohols & Breweries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Associated Alcohols & Breweries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Associated Alcohols & Breweries Ltd

Associated Alcohols and Breweries (AABL) is one of the largest distilleries in India and the flagship company of the Associated Kedia Group – a Rs. 100 crore liquor conglomerate with interests in liquor manufacturing and bottling. The company was set up by its founder Chairman -- the Late Bhagwati Prasad Kedia. Incorporated in 1989, AABL took over the existing distillery of the promoter group in 1990 and expanded activities into manufacturing of highest grade liquors. Extra Neutral Alcohol is a vital ingredient in the making of an alcoholic beverage. AABL supplies this vital ingredient to many leading manufacturers under a special agreement. In the IMFL segment, the company has an understanding with reputed companies like Diageo (owner of brands like Smirnoff vodka and Johnnie Walker Scotch Whisky), Mason and Summers and Diageo-Radico. These companies buy a total of 55-60% of the total IMFL produced by AABL. The balance production is used for direct supplies to the branded suppliers across the country, apart from manufacturing its own branded products.

AABL's distillery is located in Khodigram, in the Khargone district of Madhya Pradesh. It has a present distillation capacity of 42 MLPA. The distillery is presently undergoing a series of transformations that will result in increasing its expanded capacity to 65 MLPA. AABL supplies Extra Neutral Alcohol (ENA), a vital ingredient, to many leading manufacturers under a special agreement. In the IMFL segment, the company has an understanding with reputed companies like Diageo (owner of brands like Smirnoff vodka and Johnnie Walker Scotch Whisky), Mason & Summers and Diageo-Radico. AABL has for long been recognized as one of the finest suppliers of high quality ENA in the Indian market. The company's relationships with leading international and national brands bear ample proof.

AABL has chalked out a huge greenfield expansion plan to capture domestic and international demand and serve all the segments of alcohol ranging from country liquors to IMFL. This plan includes setting up a multi-pressure ENA plant, a collector plant, a Reverse Osmosis Water Treatment Plant and a 2 MW power plant. AABL is setting up a multi pressure ENA plant. This plant will completely replace the older plant and increase its production capacity from the present 42 MLPA to 65 MLPA. The multi-pressure ENA plant cuts down the stages in the manufacture and thus improves process efficiency.

Business areas of the company:

AABL is engaged in the business of bottling vodka and scotch whisky for large reputed international brands. AABL is also one of the only liquor companies bottling single malt scotch whisky (Glen Drummond) for the leading liquor group Mason & Summers. AABL has a ten line bottling operations in two different sections. It packs about 45,000 cases per month and has a production capacity of around 42 million litres per annum (MLPA).

Brands:

  • London Bridge gin
  • James McGill whisky
  • Red & White whisky
  • Bombay Special whisky
  • Jamaican Magic rum
You have 41 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now