Associated Alcohols & Breweries Ltd (ASALCBR) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 507526 | NSE: ASALCBR | Breweries & Distilleries | Small Cap

Assoc Alcohols &Brew Share Price

972.95 4.30 0.44%
as on 05-Dec'25 16:59

Associated Alcohols & Breweries Ltd (ASALCBR) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 507526 | NSE: ASALCBR | Breweries & Distilleries | Small Cap

DeciZen - make an informed investing decision on Assoc Alcohols &Brew

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Associated Alcohols & Breweries stock performance -

Key Ratios
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P/E Ratio (SA):
21.35
Market Cap:
1,838.4 Cr.
52-wk low:
922.6
52-wk high:
1,496.3

Is Associated Alcohols & Breweries Ltd an attractive stock to invest in?


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10 Year X-Ray of Assoc Alcohols &Brew: Login to view analysis.

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 performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 24.4%25.2%32%31%34.5%34.4%28.4%14.7%14.6%20.2%-
Value Creation
Index
0.70.81.31.21.51.51.00.10.00.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2882913243995234365137017601,0761,110
Sales YoY Gr.-1.2%11.4%23%31.1%-16.6%17.6%36.7%8.4%41.6%-
Adj EPS 8.19.713.916.727.73233.123.22845.145.4
YoY Gr.-19%42.9%20.6%65.8%15.7%3.3%-29.9%20.6%60.9%-
BVPS (₹) 44.853.666.882.5108139.3173201227.9271.5309.3
Adj Net
Profit
14.717.52530.250.157.959.84250.681.586
Cash Flow from Ops. 9.724.638.924.858.466.779.26.828.473.9-
Debt/CF from Ops. 41.30.61.20.20.10.1143.71.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.8%15.5%28%41.6%
Adj EPS 20.9%10.2%10.8%60.9%
BVPS22.2%20.3%16.2%19.1%
Share Price 30.9% 26.6% 29% -6.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
19.819.72322.429.125.921.212.412.917.315.6
Op. Profit
Mgn %
13.213.916.114.414.220.516910.111.912.3
Net Profit
Mgn %
5.167.77.69.613.311.766.77.67.8
Debt to
Equity
0.50.30.20.20.1000.30.30.20
Working Cap
Days
80929910389112117981018446
Cash Conv.
Cycle
1324323734403127393519

Recent Performance Summary

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Latest Financials - Associated Alcohols & Breweries Ltd.

Standalone Consolidated
TTM EPS (₹) 45.4 45.3
TTM Sales (₹ Cr.) 1,110 1,110
BVPS (₹.) 309.3 309.3
Reserves (₹ Cr.) 568 568
P/BV 3.13 3.13
PE 21.35 21.36
From the Market
52 Week Low / High (₹) 922.55 / 1496.30
All Time Low / High (₹) 1.25 / 1496.30
Market Cap (₹ Cr.) 1,838
Equity (₹ Cr.) 19
Face Value (₹) 10
Industry PE 63.3

Management X-Ray of Assoc Alcohols &Brew:

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 (%)

Valuation of Assoc Alcohols &Brew - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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No data found!

Key Ratios of Assoc Alcohols &Brew

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2882913243995234365137017601,076
Operating Expenses 250251273341450346430638683948
Manufacturing Costs9580120162188157199329286313
Material Costs118130103126191123155210301510
Employee Cost 17192220242532353746
Other Costs 20232834474145656078
Operating Profit 374052577389826277128
Operating Profit Margin (%) 13.0%13.6%15.9%14.4%14.0%20.5%16.0%8.9%10.1%11.9%
Other Income 133475149105
Interest 5442211146
Depreciation 10111112141414141417
Exceptional Items 0000000000
Profit Before Tax 232739476478815568110
Tax 9101417142120141828
Profit After Tax 14172530495861425181
PAT Margin (%) 5.0%5.8%7.8%7.6%9.4%13.3%11.9%5.9%6.7%7.6%
Adjusted EPS (₹)7.99.413.916.727.332.133.623.028.045.1
Dividend Payout Ratio (%)6%11%7%6%4%3%3%4%7%4%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 8197121149195252313363412491
Share Capital 18181818181818181818
Reserves 6379103131177234295345394473
Minority Interest0000000000
Debt33241422694848378
Long Term Debt18838521675030
Short Term Debt15161115173183348
Trade Payables24172031363347263745
Others Liabilities 3238555737565879100139
Total Liabilities 170176210259274349422553633753

Fixed Assets

Gross Block14897101150156171187195351464
Accumulated Depreciation551121334661748498113
Net Fixed Assets 938680116110111113110252351
CWIP 25232119241106332
Investments 22332325604664
Inventories2929385657586584104137
Trade Receivables12181931393924193539
Cash Equivalents 7445227881624115
Others Assets 2733444532529110792114
Total Assets 170176210259274349422553633753

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 1025392558677972874
PBT 232739476478815568110
Adjustment 16141512171579819
Changes in Working Capital -17-6-2-13-2-715-43-31-31
Tax Paid -7-10-13-22-20-19-23-15-17-24
Cash Flow From Investing Activity -9-13-23-28-33-65-70-94-32-83
Capex -9-11-15-33-16-12-39-93-104-86
Net Investments 110000-4319421
Others 0-3-85-17-5212-20302
Cash Flow From Financing Activity -7-12-163-25-3-986131
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -8-9-53-6-5-165-7-20
Interest Paid 0-4-4-2-2-2-1-1-4-7
Dividend Paid -1-1-2-2-2-2-2-2-2-4
Others 11-53-155-5242532
Net Cash Flow -6-0-1-11-11-19-8

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)19.2419.0223.1422.4228.6525.9321.5412.2913.0618.04
ROCE (%)24.3825.2331.9630.9934.4734.3528.3714.6714.6120.15
Asset Turnover Ratio1.691.681.721.762.011.461.331.491.341.63
PAT to CFO Conversion(x)0.711.471.560.831.181.161.30.170.550.91
Working Capital Days
Receivable Days13182022243122111212
Inventory Days38363742394644374339
Payable Days795864736310194643829

Associated Alcohols & Breweries Ltd Stock News

Associated Alcohols & Breweries Ltd FAQs

The current trading price of Assoc Alcohols &Brew on 05-Dec-2025 16:59 is ₹973.0.
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 04-Dec-2025 the market cap of Assoc Alcohols &Brew stood at ₹1,838.4.
The latest P/E ratio of Assoc Alcohols &Brew as of 04-Dec-2025 is 21.35.
The latest P/B ratio of Assoc Alcohols &Brew as of 04-Dec-2025 is 3.13.
The 52-week high of Assoc Alcohols &Brew is ₹1,496.3 and the 52-week low is ₹922.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Assoc Alcohols &Brew is ₹1,110 ( Cr.) .

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
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