Associated Alcohols & Breweries Ltd

Assoc.Alcohols Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Associated Alcohols & Breweries Ltd

₹ 1,126 3.91%
13 May 11:57 a.m.
associatedalcohols.com BSE: 507526 NSE: ASALCBR
About

Associated Alcohols & Breweries Ltd is in business of manufacturing and trading of ENA, Indian Made Indian Liquor (Country Liquor), Indian Made Foreign Liquor and Hand sanitizer.[1]

Key Points

Market Leadership
The company is a prominent player in the liquor industry, with a significant presence in Madhya Pradesh, holding a 20-25% market share in IMIL and IMFL products. Additionally, it ranks among the top 5 IMFL players in Kerala and is the world's first producer of White Brandy. [1] [2]

Website BSE NSE
  • Market Cap ₹ 2,159 Cr.
  • Current Price ₹ 1,126
  • High / Low ₹ 1,496 / 486
  • Stock P/E 26.5
  • Book Value ₹ 271
  • Dividend Yield 0.19 %
  • ROCE 20.0 %
  • ROE 17.3 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Dividend payout has been low at 5.31% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Alcoholic Beverages Industry: Breweries & Distilleries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
148 184 147 185 185 156 170 191 242 252 255 327 242
129 164 136 168 170 138 151 171 224 224 230 287 207
Operating Profit 19 20 11 17 15 18 19 20 18 28 25 40 35
OPM % 13% 11% 7% 9% 8% 12% 11% 11% 8% 11% 10% 12% 15%
5 2 3 2 2 2 2 2 3 1 1 1 1
Interest 0 0 0 0 1 1 0 1 2 2 1 1 1
Depreciation 4 4 4 4 3 3 3 3 4 4 4 4 5
Profit before tax 20 18 10 15 13 17 18 18 16 24 21 35 30
Tax % 24% 26% 25% 26% 24% 26% 25% 29% 23% 26% 27% 26% 25%
15 13 8 11 10 12 13 13 12 18 15 26 22
EPS in Rs 8.38 7.42 4.17 5.98 5.42 6.83 7.44 6.95 6.78 9.80 8.47 13.60 11.64
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
213 298 288 291 324 399 523 436 513 701 759 1,076
195 268 249 250 272 341 445 346 431 638 683 948
Operating Profit 18 31 38 41 52 58 78 89 82 63 77 128
OPM % 9% 10% 13% 14% 16% 14% 15% 21% 16% 9% 10% 12%
5 4 1 2 2 4 2 5 14 8 10 5
Interest 7 7 5 4 4 2 2 1 1 1 4 6
Depreciation 7 10 10 11 11 12 14 14 14 14 14 17
Profit before tax 10 18 23 27 39 47 64 78 81 55 68 110
Tax % 40% 33% 38% 38% 36% 36% 23% 26% 25% 25% 26% 26%
6 12 14 17 25 30 49 58 61 42 51 81
EPS in Rs 3.23 6.82 7.90 9.35 13.93 16.74 27.29 32.06 33.64 22.99 28.00 42.47
Dividend Payout % 0% 4% 6% 11% 7% 6% 4% 3% 3% 4% 7% 4%
Compounded Sales Growth
10 Years: 14%
5 Years: 16%
3 Years: 28%
TTM: 42%
Compounded Profit Growth
10 Years: 22%
5 Years: 10%
3 Years: 11%
TTM: 61%
Stock Price CAGR
10 Years: 39%
5 Years: 41%
3 Years: 34%
1 Year: 102%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 14%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 9 9 18 18 18 18 18 18 18 18 18 18
Reserves 48 59 63 79 103 131 177 234 295 345 405 502
92 45 39 32 21 28 11 11 5 100 108 102
42 57 51 41 59 67 67 67 82 75 88 96
Total Liabilities 191 170 170 169 201 244 274 330 400 538 619 718
98 93 93 86 80 116 110 111 113 110 252 351
CWIP 0 2 2 5 23 2 11 9 24 110 63 32
Investments 4 3 2 2 3 3 2 3 25 60 46 64
89 71 74 76 96 123 151 207 239 257 257 271
Total Assets 191 170 170 169 201 244 274 330 400 538 619 718

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-13 47 10 25 39 25 58 67 79 7 28 74
-9 -6 -9 -13 -23 -28 -33 -65 -70 -94 -32 -83
28 -47 -7 -12 -16 3 -25 -3 -9 86 13 1
Net Cash Flow 5 -5 -6 -0 -1 -1 1 -1 1 -1 9 -8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 13 10 15 22 21 28 27 33 17 10 17 13
Inventory Days 72 77 66 80 135 163 110 170 152 146 117 76
Days Payable 42 64 56 47 69 89 68 97 111 45 42 25
Cash Conversion Cycle 43 22 25 55 87 102 69 106 58 111 92 65
Working Capital Days 54 6 23 31 29 42 41 53 26 50 54 53
ROCE % 13% 17% 25% 26% 32% 31% 35% 34% 28% 15% 14% 20%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
58.45% 58.45% 58.45% 58.45% 58.45% 58.67% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29%
0.92% 0.80% 4.01% 0.58% 0.55% 0.48% 0.58% 1.20% 1.11% 0.91% 1.20% 1.06%
0.02% 0.01% 0.01% 0.01% 0.00% 0.00% 0.10% 0.00% 0.00% 0.00% 0.00% 0.00%
40.62% 40.75% 37.54% 40.96% 41.01% 40.85% 40.04% 39.51% 39.60% 39.79% 39.51% 39.65%
No. of Shareholders 37,43444,08545,48443,77342,06940,06738,22735,94334,19433,45532,91436,020

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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