Associated Alcohols & Breweries Ltd Stock Analysis

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

BSE Share Price Aug 12, 18:03
435.65 -3.10 (-0.71%)

DeciZen - Make an Informed Decision on Assoc Alcohols &Brew

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Assoc Alcohols &Brew Price Chart

P/E Ratio (SA) :
12.29
Market Cap :
787.6 Cr.
52-wk low :
380.1
52-wk high :
653.4
Bole Toh?

1. Is Associated Alcohols & Breweries Ltd a good quality company?

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

2. Is Associated Alcohols & Breweries Ltd undervalued or overvalued?

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.

3. Is Associated Alcohols & Breweries Ltd a good buy now?

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.

10 Year X-Ray of Assoc Alcohols &Brew:

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 6%8.2%11.8%15.8%16.4%20.5%19.9%27%25.3%20.9%-
Value Creation Index -0.6-0.4-0.20.10.20.50.40.90.8NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 157213298288291324399523436513618
YoY Gr. Rt. %-35.6%40%-3.7%1.2%11.4%23%31.1%-16.6%17.6%-
Adj EPS 1.83.268.19.713.916.727.73233.135.4
YoY Gr. Rt. %-76.5%85.5%35.9%19%42.9%20.6%65.8%15.7%3.3%-
BVPS (₹) 28.431.637.444.853.666.882.5108139.3173180.5
Adj Net Profit 3.35.810.814.717.52530.250.157.959.864
Cash Flow from Ops. 17.7-1347.49.724.638.924.858.466.779.2-
Debt/CF from Ops. 3.6-7141.30.61.20.20.10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14%12%8.8%17.6%
Adj EPS 37.9%27.8%25.6%3.3%
BVPS 22.326.42824.2
Share Price 46.8% 26.5% 41.1% -5.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 6.710.817.419.819.72322.429.125.921.220.1
Op. Profit Mgn % 7.58.510.413.213.916.114.514.920.51614
Net Profit Mgn % 2.12.73.65.167.77.69.613.311.710.4
Debt to Equity 1.21.60.70.50.30.20.20.100-
Working Cap Days 13010780809299103891121170
Cash Conv. Cycle 202016132432373440310

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 25.60%

Sales growth is good in last 4 quarters at 41.05%

Return on Equity has declined versus last 3 years average to 20.10%

Sales growth has been subdued in last 3 years 8.75%

Latest Financials - Associated Alcohols & Breweries Ltd.

Standalone Consolidated
TTM EPS (₹) 35.4 5.9
TTM Sales (₹ Cr.) 618 292
BVPS (₹.) 180.5 0
Reserves (₹ Cr.) 308 61
P/BV 2.41 0.00
PE 12.29 73.90
From the Market
52 Week Low / High (₹) 380.05 / 653.35
All Time Low / High (₹) 1.25 / 653.35
Market Cap (₹ Cr.) 788
Equity (₹ Cr.) 18.1
Face Value (₹) 10
Industry PE 59

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 (%)

Event Update

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Analyst's Notes

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Key Ratios of Assoc Alcohols &Brew

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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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