Associated Alcohols & Breweries Ltd. (ASALCBR) AI Stock Analysis

• Market Cap: ₹18.07B
• Dividend Yield: 0.2%
• Average Volume (3M): 2.96K
• Price to Earnings (P/E): 20.7
• Beta (1Y): 1.79
• Revenue Growth: 27.55%
• EPS Growth: 56.11%
• Country: IN
• Employees: 567
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): 13.08
• Shares Outstanding: 18,079,200
• 10 Day Avg. Volume: 4,500
• 30 Day Avg. Volume: 2,961
• PEG Ratio: 0.51
• Price to Book (P/B): 4.81
• Price to Sales (P/S): 2.32
• P/FCF Ratio: -206.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,125.00
• Price Target Upside: 12.53% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: ₹1,125.00 ▲(12.53% Upside)

The company's strong financial performance, characterized by robust revenue and profit growth, is a key strength. However, negative Free Cash Flow due to high capital expenditures poses a liquidity risk. Technical indicators suggest a bearish trend, and the valuation is moderate with a low dividend yield.

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, gin, and vodka; and rectified spirit and hand sanitizers. The company's brands include Central Province Whisky, Titanium Triple Distilled Vodka, Bombay Special Whisky, Desi Madira Masala, Superman Fine Whisky, James Mc Gill Whisky, and Jamaican Magic Rum, as well as various franchise and licensed brands. Associated Alcohols & Breweries Limited was incorporated in 1989 and is based in Indore, India.

How the Company Makes Money

Associated Alcohols & Breweries Ltd. generates revenue through the production and sale of alcoholic beverages. The company's key revenue streams include the sale of its branded products across various categories such as whisky, rum, and vodka. ASALCBR benefits from its extensive distribution network, which allows it to reach a wide range of retail outlets, bars, and restaurants, both domestically and internationally. In addition to direct sales, the company may engage in strategic partnerships and collaborations to enhance market reach and brand recognition. Factors contributing to its earnings include a strong brand portfolio, effective marketing strategies, and the ability to adapt to changing consumer preferences.

Associated Alcohols & Breweries Ltd. Financial Statement Overview

Summary

Associated Alcohols & Breweries Ltd. demonstrates strong revenue and profit growth, supported by efficient cost management and a solid balance sheet. However, significant capital investments result in negative Free Cash Flow, which may affect short-term liquidity.

Income Statement

The company shows strong revenue growth with a 42.5% increase from 2024 to 2025. Gross Profit Margin improved to 32.2% in 2025, indicating efficient production. Net Profit Margin increased to 7.6%, reflecting better cost control and profitability. However, EBITDA Margin is low at 11.9%, suggesting room for operational efficiency improvements.

Balance Sheet

The Debt-to-Equity Ratio is stable at 0.20, reflecting prudent financial management. Return on Equity improved to 15.6%, showing efficient use of equity to generate profits. The Equity Ratio is strong at 72.5%, indicating a solid asset base funded by equity. However, the increase in total liabilities requires monitoring.

Cash Flow

Operating Cash Flow is positive and growing, but Free Cash Flow remains negative due to high capital expenditures. The Operating Cash Flow to Net Income Ratio is 0.91, suggesting good cash conversion. However, the negative Free Cash Flow to Net Income Ratio indicates heavy investment impacting liquidity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.76B	10.76B	7.55B	7.01B	5.13B	4.36B
Gross Profit	3.36B	3.47B	2.47B	3.27B	2.28B	2.08B
EBITDA	1.31B	1.28B	863.59M	712.41M	961.91M	936.19M
Net Income	814.16M	814.16M	506.23M	415.56M	608.06M	579.57M
Balance Sheet
Total Assets	7.18B	7.18B	6.19B	5.38B	4.00B	3.30B
Cash, Cash Equivalents and Short-Term Investments	153.31M	153.31M	355.19M	836.88M	763.05M	729.49M
Total Debt	1.02B	1.02B	1.08B	1.00B	54.41M	112.36M
Total Liabilities	1.97B	1.97B	1.96B	1.75B	873.73M	779.19M
Stockholders Equity	5.20B	5.20B	4.23B	3.63B	3.13B	2.52B
Cash Flow
Free Cash Flow	0.00	-121.26M	-756.76M	-861.16M	395.00M	542.50M
Operating Cash Flow	0.00	739.15M	284.20M	67.63M	792.33M	667.00M
Investing Cash Flow	0.00	-830.88M	-324.88M	-942.24M	-699.80M	-647.16M
Financing Cash Flow	0.00	9.28M	126.57M	862.65M	-85.40M	-33.79M

Associated Alcohols & Breweries Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 999.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASALCBR, the sentiment is Negative. The current price of 999.7 is below the 20-day moving average (MA) of 1020.64, below the 50-day MA of 1058.45, and below the 200-day MA of 1136.11, indicating a bearish trend. The MACD of -13.00 indicates Negative momentum. The RSI at 40.60 is Neutral, neither overbought nor oversold. The STOCH value of 20.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASALCBR.

Associated Alcohols & Breweries Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SDBL	68 Neutral	27.16B	27.19	13.98%	―	3.51%	10.51%
ASALCBR	67 Neutral	₹18.07B	20.69		0.20%	27.55%	56.11%
TI	64 Neutral	89.65B	31.95	26.02%	0.22%	4.44%	81.43%
SULA	63 Neutral	24.00B	41.62	11.97%	1.27%	-2.12%	-39.06%
RKDL	47 Neutral	689.04M	569.64	0.32%	―	57.93%	0.00%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Associated Alcohols & Breweries Ltd. Corporate Events

Associated Alcohols & Breweries Ltd. Announces Virtual AGM for 2025

Associated Alcohols & Breweries Ltd. announced that its 36th Annual General Meeting will be held on August 2, 2025, via video conferencing. This move aligns with regulatory compliance and reflects the company’s adaptation to modern communication methods, potentially enhancing stakeholder engagement.