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

• Market Cap: ₹19.13B
• Dividend Yield: 0.19%
• Average Volume (3M): 3.97K
• Price to Earnings (P/E): 21.9
• Beta (1Y): 1.86
• 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: 3,266
• 30 Day Avg. Volume: 3,971
• 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: ₹1,133.00
• Price Target Upside: 7.09% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: ₹1,133.00 ▲(7.09% Upside)

The overall stock score of 68 reflects strong financial performance driven by revenue and profit growth, despite challenges in cash flow due to capital investments. Technical indicators suggest mixed signals with potential bearish trends, while valuation metrics indicate the stock is fairly valued. The absence of earnings call data and corporate events does not impact the score.

Associated Alcohols & Breweries Ltd. Business Overview & Revenue Model

Company Description

Associated Alcohols & Breweries Ltd. (ASALCBR) is a prominent player in the Indian alcoholic beverage sector, focusing on the production and distribution of a variety of alcoholic products, including spirits, beer, and ready-to-drink beverages. The company operates several manufacturing facilities and boasts a diverse portfolio of brands that cater to different consumer preferences, positioning itself as a significant contributor to the growing liquor market in India.

How the Company Makes Money

The company primarily generates revenue through the sale of its alcoholic beverages, which include a range of spirits such as whiskey, vodka, rum, and gin, as well as beer and other ready-to-drink products. ASALCBR's revenue model is built on both direct sales to consumers and distribution agreements with local and national retailers, bars, and restaurants. Additionally, the company benefits from strategic partnerships with distributors to enhance its market reach. Seasonal promotions and marketing campaigns also play a crucial role in boosting sales during peak drinking seasons. The regulatory environment in various states can impact pricing and distribution, but ASALCBR adapts its strategies to optimize profitability across its diverse product lines.

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	10.91B	10.76B	7.60B	7.01B	5.13B	4.36B
Gross Profit	3.79B	3.47B	2.52B	3.27B	1.10B	1.18B
EBITDA	1.41B	1.32B	863.59M	712.41M	961.91M	936.19M
Net Income	873.72M	814.16M	506.23M	415.56M	608.06M	579.57M
Balance Sheet
Total Assets	0.00	7.18B	6.19B	5.38B	4.00B	3.30B
Cash, Cash Equivalents and Short-Term Investments	11.88M	11.88M	429.20M	631.00M	805.12M	783.28M
Total Debt	0.00	1.02B	1.08B	1.00B	54.41M	112.36M
Total Liabilities	-5.20B	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: Positive
• Last Price: 1058.00
• 50DMA: Positive
• 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 Positive. The current price of 1058 is above the 20-day moving average (MA) of 993.38, above the 50-day MA of 1016.48, and below the 200-day MA of 1128.00, indicating a neutral trend. The MACD of 7.00 indicates Negative momentum. The RSI at 62.40 is Neutral, neither overbought nor oversold. The STOCH value of 79.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
TI	69 Neutral	₹91.09B	32.70	―	0.21%	4.44%	81.43%
ASALCBR	68 Neutral	₹19.13B	21.89	―	0.19%	27.55%	56.11%
SDBL	67 Neutral	₹25.76B	25.79	―	―	3.51%	10.51%
SULA	64 Neutral	₹21.05B	36.59	―	1.45%	-2.12%	-39.06%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
RKDL	45 Neutral	₹636.48M	526.19	―	―	57.93%	―

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.