Associated Alcohols & Breweries Ltd. (IN:ASALCBR)
:ASALCBR
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Associated Alcohols & Breweries Ltd.
(ASALCBR)
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Rating:64Neutral
Price Target:
₹712.00
▼(-24.38% Downside)
Action:ReiteratedDate:03/18/26
The score is supported primarily by strong financial performance and a conservative balance sheet, but is materially weighed down by weak technicals (price below all key moving averages and negative MACD). Valuation is reasonable on P/E, though the low dividend yield and negative free cash flow limit upside in the score.
Positive Factors
Revenue & Margin Improvement
Material year-over-year revenue growth alongside better gross and net margins indicates strengthening underlying demand and improved cost control. These improvements support sustainable earnings potential over months, enabling reinvestment and resilience versus peers if maintained.
Negative Factors
Negative Free Cash Flow
Sustained negative free cash flow from elevated capex can strain liquidity and force external funding, diluting financial flexibility. If investments don’t rapidly translate to higher returns, negative FCF can limit distributions, slow deleveraging or constrain opportunistic spending.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Improvement
Material year-over-year revenue growth alongside better gross and net margins indicates strengthening underlying demand and improved cost control. These improvements support sustainable earnings potential over months, enabling reinvestment and resilience versus peers if maintained.
Read all positive factors
Associated Alcohols & Breweries Ltd. (ASALCBR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.39B
Dividend Yield0.21%
Average Volume (3M)3.97K
Price to Earnings (P/E)16.6
Beta (1Y)1.87
Revenue Growth16.02%
EPS Growth48.63%
CountryIN
Employees567
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)14.40
Shares Outstanding18,979,200
10 Day Avg. Volume3,266
30 Day Avg. Volume3,971
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)4.81
Price to Sales (P/S)2.32
P/FCF Ratio-206.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)51.75
Revenue Forecast (FY)₹12.48B
Associated Alcohols & Breweries Ltd. Business Overview & Revenue Model
Company Description
Associated Alcohols & Breweries Limited engages in liquor manufacturing and bottling activities in India. It offers extra neutral alcohol, as well as Indian Made Indian Liquor and Indian Made Foreign Liquor in the categories of whisky, brandy, rum...
How the Company Makes Money
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Associated Alcohols & Breweries Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.90B | 10.76B | 7.60B | 7.01B | 5.13B | 4.36B |
| Gross Profit | 4.05B | 3.47B | 2.52B | 3.27B | 1.10B | 1.18B |
| EBITDA | 1.39B | 1.32B | 863.59M | 712.41M | 961.91M | 936.19M |
| Net Income | 860.60M | 814.16M | 506.23M | 415.56M | 608.06M | 579.57M |
Balance Sheet | ||||||
| Total Assets | 7.76B | 7.18B | 6.19B | 5.38B | 4.00B | 3.30B |
| Cash, Cash Equivalents and Short-Term Investments | 541.93M | 11.88M | 429.20M | 631.00M | 805.12M | 783.28M |
| Total Debt | 748.34M | 1.02B | 1.08B | 1.00B | 54.41M | 112.36M |
| Total Liabilities | 1.89B | 1.97B | 1.96B | 1.75B | 873.73M | 779.19M |
| Stockholders Equity | 5.87B | 5.20B | 4.23B | 3.63B | 3.13B | 2.52B |
Cash Flow | ||||||
| Free Cash Flow | 264.98M | -121.26M | -756.76M | -861.16M | 395.00M | 542.50M |
| Operating Cash Flow | 556.66M | 739.15M | 284.20M | 67.63M | 792.33M | 667.00M |
| Investing Cash Flow | -471.47M | -830.88M | -324.88M | -942.24M | -699.80M | -647.16M |
| Financing Cash Flow | -2.30M | 9.28M | 126.57M | 862.65M | -85.40M | -33.79M |
Associated Alcohols & Breweries Ltd. Technical Analysis
Neutral
941.55
Price Trends
794.32
Positive
869.18
Negative
966.17
Negative
Market Momentum
-8.83
Negative
60.62
Neutral
96.02
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASALCBR, the sentiment is Neutral. The current price of 941.55 is above the 20-day moving average (MA) of 731.85, above the 50-day MA of 794.32, and below the 200-day MA of 966.17, indicating a neutral trend. The MACD of -8.83 indicates Negative momentum. The RSI at 60.62 is Neutral, neither overbought nor oversold. The STOCH value of 96.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ASALCBR.
Associated Alcohols & Breweries Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹23.59B | 16.42 | ― | 0.72% | ― | ― | |
66 Neutral | ₹107.36B | -24.49 | ― | 0.21% | 3.35% | 56.08% | |
64 Neutral | ₹15.39B | 16.60 | ― | 0.21% | 16.02% | 48.63% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹15.10B | 121.41 | ― | ― | -0.87% | 10.87% | |
57 Neutral | ₹13.87B | 50.36 | ― | 1.67% | -2.15% | -42.78% | |
41 Neutral | ₹504.00M | 724.38 | ― | ― | 4.30% | -40.22% |
* Consumer Defensive Sector Average
IN:ASALCBR
Associated Alcohols & Breweries Ltd.
810.95
-354.15
-30.40%
IN:GMBREW
G.M. Breweries Ltd.
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397.84
62.69%
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21.00
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-23.11%
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76.55
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IN:SULA
Sula Vineyards Ltd.
164.20
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IN:TI
Tilaknagar Industries Limited
434.35
196.47
82.59%
Associated Alcohols & Breweries Ltd. Corporate Events
Associated Alcohols & Breweries Schedules Q3 FY26 Earnings Call on 5 February
Feb 1, 2026
Associated Alcohols Breweries Ltd. has scheduled an earnings conference call for investors and analysts to discuss its financial results for the third quarter and nine months of FY 2025-26 on Thursday, 5 February 2026 at 4:00 pm IST. The call, ho...
Associated Alcohols & Breweries Schedules Analyst Meet With Nippon Life India AMC
Jan 9, 2026
Associated Alcohols Breweries Limited has notified the stock exchanges that it will hold a virtual one-on-one meeting with Nippon Life India Asset Management on January 14, 2026, as part of its scheduled interactions with analysts and institution...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.