Associated Alcohols & Breweries Ltd

₹ 454 3.72%
28 Jun - close price
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

Revenue Breakup
Company's operations are divided into 2 main parts :-
Manufacturing Business (35% of revenues)
a. Merchant ENA (21%)
b. Contract Manufacturing (3%)
c. by-products (10%)
Consumer Business (66% of revenues)
a. Indian made India liquor (30%)
b. Indian made Foreign liquor (17%)
c. Licensed brands (19%)[1]

  • Market Cap 821 Cr.
  • Current Price 454
  • High / Low 654 / 380
  • Stock P/E 13.5
  • Book Value 173
  • Dividend Yield 0.22 %
  • ROCE 28.2 %
  • ROE 21.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 28.35% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 11.99% over past five 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
130 119 141 132 58 99 153 126 80 120 165 148
108 106 116 116 49 78 117 102 64 100 138 129
Operating Profit 22 13 25 17 9 21 36 24 16 20 27 19
OPM % 17% 11% 18% 12% 15% 21% 24% 19% 20% 17% 16% 13%
1 1 1 2 1 1 1 1 2 2 5 5
Interest 1 0 0 1 0 0 0 1 0 0 0 0
Depreciation 3 4 4 4 3 4 4 4 4 3 4 4
Profit before tax 18 10 22 14 6 18 33 21 14 19 28 20
Tax % 35% -15% 28% 23% 26% 26% 25% 28% 26% 26% 25% 24%
Net Profit 12 11 16 11 5 13 25 15 10 14 21 15
EPS in Rs 6.48 6.12 8.75 5.94 2.64 7.28 13.79 8.34 5.61 7.89 11.75 8.38

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
91 138 157 213 298 288 291 324 399 523 436 513
86 129 145 195 268 249 250 272 341 445 346 430
Operating Profit 5 9 12 18 31 38 41 52 58 78 89 82
OPM % 5% 7% 7% 9% 10% 13% 14% 16% 14% 15% 21% 16%
4 2 3 5 4 1 2 2 4 2 5 14
Interest 3 4 4 7 7 5 4 4 2 2 1 1
Depreciation 3 4 5 7 10 10 11 11 12 14 14 14
Profit before tax 3 3 6 10 18 23 27 39 47 64 78 81
Tax % 22% 25% 40% 40% 33% 38% 38% 36% 36% 23% 26% 25%
Net Profit 2 3 3 6 12 14 17 25 30 49 58 61
EPS in Rs 1.36 1.43 1.83 3.23 6.82 7.90 9.35 13.93 16.74 27.29 32.06 33.64
Dividend Payout % 0% 0% 0% 0% 4% 6% 11% 7% 6% 4% 3% 3%
Compounded Sales Growth
10 Years: 14%
5 Years: 12%
3 Years: 9%
TTM: 18%
Compounded Profit Growth
10 Years: 37%
5 Years: 28%
3 Years: 26%
TTM: 5%
Stock Price CAGR
10 Years: 47%
5 Years: 30%
3 Years: 36%
1 Year: -6%
Return on Equity
10 Years: 22%
5 Years: 24%
3 Years: 25%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
9 9 9 9 9 18 18 18 18 18 18 18
Reserves 36 39 42 48 59 63 79 103 131 177 234 295
38 42 64 92 45 39 32 21 28 11 11 5
28 44 49 42 57 51 41 59 67 67 67 82
Total Liabilities 112 134 164 191 170 170 169 201 244 274 330 400
31 56 88 98 93 93 86 80 116 110 111 113
CWIP 10 8 8 0 2 2 5 23 2 11 9 24
Investments 2 2 4 4 3 2 2 3 3 2 3 25
68 67 65 89 71 74 76 96 123 151 207 239
Total Assets 112 134 164 191 170 170 169 201 244 274 330 400

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-5 19 18 -13 47 10 25 39 25 58 67 79
-7 -27 -37 -9 -6 -9 -13 -23 -28 -33 -65 -70
15 7 22 28 -47 -7 -12 -16 3 -25 -3 -9
Net Cash Flow 3 -0 2 5 -5 -6 -0 -1 -1 1 -1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 60 26 20 13 10 15 22 21 28 27 33 17
Inventory Days 107 130 83 72 77 66 80 135 163 110 170 99
Days Payable 84 119 85 42 64 56 47 69 89 68 97 72
Cash Conversion Cycle 83 38 19 43 22 25 55 87 102 69 106 43
Working Capital Days 120 32 12 54 6 23 31 29 42 41 52 26
ROCE % 6% 8% 9% 13% 17% 25% 26% 32% 31% 35% 34% 28%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45 58.45
0.57 0.57 0.57 0.57 0.56 0.74 0.47 0.94 1.63 1.52 1.64 1.35
0.01 0.01 0.03 0.10 0.04 0.01 0.01 0.01 0.01 0.01 0.01 0.01
40.97 40.97 40.95 40.88 40.95 40.81 41.07 40.60 39.91 40.02 39.91 40.19

Documents