Associated Alcohols & Breweries Ltd

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

Associated Alcohols & Breweries Ltd

₹ 898 -0.90%
24 Oct - close price
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

Products[1]
The Company is one of India’s prominent producers of ENA. It is also engaged in promotion and distribution of a varied range of liquor brands. It is diversifying to manufacture grain-based ethanol to capitalize on a favorable government policy. The company’s product range comprises:
1 Premium extra neutral alcohol
2 Indian made Indian liquor (IMIL)
3 Indian made foreign liquor (IMFL)
4 Rectified spirit[2]

Website BSE NSE
  • Market Cap ₹ 1,722 Cr.
  • Current Price ₹ 898
  • High / Low ₹ 1,038 / 398
  • Stock P/E 29.8
  • Book Value ₹ 250
  • Dividend Yield 0.22 %
  • ROCE 14.6 %
  • ROE 13.1 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Dividend payout has been low at 4.82% 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
120 165 148 184 147 185 185 156 170 191 242 252 255
100 138 129 164 136 168 170 138 151 171 224 224 230
Operating Profit 20 27 19 20 11 17 15 18 19 20 18 28 25
OPM % 17% 16% 13% 11% 7% 9% 8% 12% 11% 11% 8% 11% 10%
2 5 5 2 3 2 2 2 2 2 3 1 1
Interest 0 0 0 0 0 0 1 1 0 1 2 2 1
Depreciation 3 4 4 4 4 4 3 3 3 3 4 4 4
Profit before tax 19 28 20 18 10 15 13 17 18 18 16 24 21
Tax % 26% 25% 24% 26% 25% 26% 24% 26% 25% 29% 23% 26% 27%
14 21 15 13 8 11 10 12 13 13 12 18 15
EPS in Rs 7.89 11.75 8.38 7.42 4.17 5.98 5.42 6.83 7.44 6.95 6.78 9.80 8.47
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
157 213 298 288 291 324 399 523 436 513 701 759 940
145 195 268 249 250 272 341 445 346 431 638 683 848
Operating Profit 12 18 31 38 41 52 58 78 89 82 63 77 92
OPM % 7% 9% 10% 13% 14% 16% 14% 15% 21% 16% 9% 10% 10%
3 5 4 1 2 2 4 2 5 14 8 10 8
Interest 4 7 7 5 4 4 2 2 1 1 1 4 6
Depreciation 5 7 10 10 11 11 12 14 14 14 14 14 16
Profit before tax 6 10 18 23 27 39 47 64 78 81 55 68 78
Tax % 40% 40% 33% 38% 38% 36% 36% 23% 26% 25% 25% 26%
3 6 12 14 17 25 30 49 58 61 42 51 58
EPS in Rs 1.83 3.23 6.82 7.90 9.35 13.93 16.74 27.29 32.06 33.64 22.99 28.00 32.00
Dividend Payout % 0% 0% 4% 6% 11% 7% 6% 4% 3% 3% 4% 7%
Compounded Sales Growth
10 Years: 14%
5 Years: 14%
3 Years: 20%
TTM: 35%
Compounded Profit Growth
10 Years: 24%
5 Years: 11%
3 Years: -4%
TTM: 25%
Stock Price CAGR
10 Years: 40%
5 Years: 35%
3 Years: 18%
1 Year: 104%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 15%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 18 18 18 18 18 18 18 18 18 18
Reserves 42 48 59 63 79 103 131 177 234 295 345 394 434
64 92 45 39 32 21 28 11 11 5 100 108 91
49 42 57 51 41 59 67 67 67 82 75 99 111
Total Liabilities 164 191 170 170 169 201 244 274 330 400 538 619 655
88 98 93 93 86 80 116 110 111 113 110 252 247
CWIP 8 0 2 2 5 23 2 11 9 24 110 63 85
Investments 4 4 3 2 2 3 3 2 3 25 60 46 64
65 89 71 74 76 96 123 151 207 239 257 257 259
Total Assets 164 191 170 170 169 201 244 274 330 400 538 619 655

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
18 -13 47 10 25 39 25 58 67 79 7 28
-37 -9 -6 -9 -13 -23 -28 -33 -65 -70 -94 -32
22 28 -47 -7 -12 -16 3 -25 -3 -9 86 13
Net Cash Flow 2 5 -5 -6 -0 -1 -1 1 -1 1 -1 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20 13 10 15 22 21 28 27 33 17 10 17
Inventory Days 83 72 77 66 80 135 163 110 170 152 146 117
Days Payable 85 42 64 56 47 69 89 68 97 111 45 42
Cash Conversion Cycle 19 43 22 25 55 87 102 69 106 58 111 92
Working Capital Days 12 54 6 23 31 29 42 41 53 26 50 54
ROCE % 9% 13% 17% 25% 26% 32% 31% 35% 34% 28% 15% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.45% 58.45% 58.45% 58.45% 58.45% 58.45% 58.45% 58.67% 59.29% 59.29% 59.29% 59.29%
1.64% 1.35% 0.92% 0.80% 4.01% 0.58% 0.55% 0.48% 0.58% 1.20% 1.11% 0.91%
0.01% 0.01% 0.02% 0.01% 0.01% 0.01% 0.00% 0.00% 0.10% 0.00% 0.00% 0.00%
39.91% 40.19% 40.62% 40.75% 37.54% 40.96% 41.01% 40.85% 40.04% 39.51% 39.60% 39.79%
No. of Shareholders 38,57538,97337,43444,08545,48443,77342,06940,06738,22735,94334,19433,455

* 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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