Associated Alcohols & Breweries Ltd

Associated Alcohols & Breweries Ltd

₹ 677 3.84%
22 Jul 1:17 p.m.
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]

  • Market Cap 1,224 Cr.
  • Current Price 677
  • High / Low 744 / 398
  • Stock P/E 24.2
  • Book Value 228
  • Dividend Yield 0.31 %
  • ROCE 14.6 %
  • ROE 13.1 %
  • Face Value 10.0

Pros

Cons

  • Company might be capitalizing the interest cost
  • 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
126 80 120 165 148 184 147 185 185 156 170 191 242
102 64 100 138 129 164 136 168 170 138 151 171 224
Operating Profit 24 16 20 27 19 20 11 17 15 18 19 20 18
OPM % 19% 20% 17% 16% 13% 11% 7% 9% 8% 12% 11% 11% 8%
1 2 2 5 5 2 3 2 2 2 2 2 3
Interest 1 0 0 0 0 0 0 0 1 1 0 1 2
Depreciation 4 4 3 4 4 4 4 4 3 3 3 3 4
Profit before tax 21 14 19 28 20 18 10 15 13 17 18 18 16
Tax % 28% 26% 26% 25% 24% 26% 25% 26% 24% 26% 25% 29% 23%
15 10 14 21 15 13 8 11 10 12 13 13 12
EPS in Rs 8.34 5.61 7.89 11.75 8.38 7.42 4.17 5.98 5.42 6.83 7.44 6.95 6.78
Raw PDF

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
157 213 298 288 291 324 399 523 436 513 701 759
145 195 268 249 250 272 341 445 346 431 638 683
Operating Profit 12 18 31 38 41 52 58 78 89 82 63 77
OPM % 7% 9% 10% 13% 14% 16% 14% 15% 21% 16% 9% 10%
3 5 4 1 2 2 4 2 5 14 8 10
Interest 4 7 7 5 4 4 2 2 1 1 1 4
Depreciation 5 7 10 10 11 11 12 14 14 14 14 14
Profit before tax 6 10 18 23 27 39 47 64 78 81 55 68
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
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
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: 8%
Compounded Profit Growth
10 Years: 24%
5 Years: 11%
3 Years: -4%
TTM: 21%
Stock Price CAGR
10 Years: 48%
5 Years: 34%
3 Years: 12%
1 Year: 42%
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
Equity Capital 9 9 9 18 18 18 18 18 18 18 18 18
Reserves 42 48 59 63 79 103 131 177 234 295 345 394
64 92 45 39 32 21 28 11 11 5 100 108
49 42 57 51 41 59 67 67 67 82 75 99
Total Liabilities 164 191 170 170 169 201 244 274 330 400 538 619
88 98 93 93 86 80 116 110 111 113 110 252
CWIP 8 0 2 2 5 23 2 11 9 24 110 63
Investments 4 4 3 2 2 3 3 2 3 25 60 46
65 89 71 74 76 96 123 151 207 239 257 257
Total Assets 164 191 170 170 169 201 244 274 330 400 538 619

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

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
58.45% 58.45% 58.45% 58.45% 58.45% 58.45% 58.45% 58.45% 58.67% 59.29% 59.29% 59.29%
1.52% 1.64% 1.35% 0.92% 0.80% 4.01% 0.58% 0.55% 0.48% 0.58% 1.20% 1.11%
0.01% 0.01% 0.01% 0.02% 0.01% 0.01% 0.01% 0.00% 0.00% 0.10% 0.00% 0.00%
40.02% 39.91% 40.19% 40.62% 40.75% 37.54% 40.96% 41.01% 40.85% 40.04% 39.51% 39.60%
No. of Shareholders 33,03438,57538,97337,43444,08545,48443,77342,06940,06738,22735,94334,194

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls