1. India Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
Associated Alcohols & Breweries Ltd.

Associated Alcohols & Breweries Ltd.

560.30
INR
+2.35
(+0.42%)
42.70EPS
20.23P/E
17.59BMarket Cap
Nov 09Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
117.9
165.1
158.97
160.93
179.21
220.38
288.99
241.11
283.76
386.1
417.6
587.77
540.21
541.58
Basic EPS, GAAP
3.23
6.82
7.9
9.35
13.93
16.74
27.29
32.06
33.63
22.99
28
45.03
47.42
43.3
Free Cash Flow per Basic Share
-12.28
21.04
0.16
7.62
12.64
-5.09
22.61
30.01
21.85
-47.63
-41.86
-6.71
-2.93
- -
Dividend per Share
- -
- -
0.3
0.5
1
0.95
1
1
1
1
1
2
1.94
- -
Book Value per Share
31.92
37.37
44.79
53.63
66.8
82.5
108.01
139.29
173.04
201.01
233.89
287.76
345.94
- -
Tangible Book Value per Share
31.19
36.97
44.09
53.13
66.63
82.44
107.94
139.23
172.96
200.99
233.79
287.68
345.86
- -
Basic Weighted Avg Shares
18
18
18
18
18
18
18
18
18
18
18
18
19
19
Sales/Revenue/Turnover
2,132
2,985
2,874
2,910
3,240
3,984
5,225
4,359
5,130
6,980
7,550
10,626
10,078
10,336
Operating Margin (%)
5.46
6.99
9.65
10.17
12.59
11.36
12.39
17.25
13.55
7.01
8.32
10.44
11.8
10.62
Depreciation Expense
66
101
103
109
113
123
141
141
143
144
144
174
245
259
Net Income, GAAP
58
123
143
169
252
303
493
580
608
416
506
814
885
826
Effective Tax Rate (%)
40.31
33.06
38.19
37.82
36.11
36.04
22.57
26.15
25.08
25.1
25.87
25.72
25.21
25.25
Profit Margin (%)
2.74
4.13
4.97
5.81
7.77
7.6
9.44
13.3
11.85
5.95
6.71
7.66
8.78
8
Working Capital
262
35
54
122
184
369
794
1,327
1,142
1,451
998
1,021
1,987
- -
LT Debt
629
251
180
82
33
75
63
29
21
713
533
320
111
- -
Total Equity
578
677
810
970
1,208
1,492
1,953
2,518
3,128
3,634
4,229
5,202
6,946
- -
Return on Invested Capital (%)
2.91
9.2
11.75
12.75
17.98
17.33
25.16
23.5
17.95
9.27
9.35
14.35
12.86
- -
Return on Capital (%)
7.45
12.63
14.91
15.56
19.92
19.6
26.27
24.94
21.04
10.82
10.53
14.77
13.34
- -
Return on Common Equity (%)
10.66
19.69
19.24
19.01
23.14
22.42
28.65
25.93
21.54
12.29
12.88
17.27
14.56
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
578
- -
LT Borrowings
- -
96
- -
LT Finance Leases
- -
15
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
20
20
Market Capitalization
18,108
13,367
17,589

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,249
- -
Cash, Cash Equivalents & STI
- -
193
- -
Accounts Receivable, Net
- -
424
- -
Inventories
- -
1,572
- -
Total Current Liabilities
- -
1,261
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
578
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.1%
22.66%
33.52%
Free Cash Flow
355.33%
-99.25%
-54.96%
Net Income, GAAP
23.25%
12.91%
8.64%
Sales/Revenue/Turnover
14.76%
19.5%
-5.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2,518
2,546
3,270
2,425
10,626
2026
2,667
2,538
2,604
2,385
10,078
2027
2,809
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
9.79
8.5
14.43
12.23
45.03
2026
13.08
7.69
14.38
12.33
47.42
2027
8.88
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
1.94
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Anshuman Kedia
Full Time Employees
1,400
Sector
Consumer non-durables
Industry
Beverages: alcoholic
Address
BPK Star Tower Indore MP India 452008
IPO Date
Dec 21, 1994
Website
associatedalcohols.com
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Business
Associated Alcohols & Breweries Limited manufactures and sells extra neutral alcohol, Indian Made Indian Liquor, Indian Made Foreign Liquor, rectified spirit, potable alcohol, grain spirit, ethanol and by-products including cattle feed from its integrated facility in Barwaha, Madhya Pradesh; the company offers a portfolio of nine proprietary brands such as Bombay Special Whisky, Superman Fine Whisky, Central Province Whisky, Titanium Vodka, Lemount, Nicobar handcrafted gin, Hillfort premium blended malt whisky, James McGill and Jamaican Magic Rum across economy, popular and premium segments; it also bottles licensed brands including Blue Riband Gin, Bagpiper, White Mischief, Director’s Special and McDowell’s for Inbrew, and provides contract manufacturing for Diageo brands such as Black & White, Smirnoff, VAT 69 and Black Dog with 32 bottling lines capable of 12.5 million cases annually and ENA capacity of 45 million liters per annum. Founded in 1989 and headquartered in Indore, Madhya Pradesh, the company operates primarily in India with presence in states including Madhya Pradesh, Chhattisgarh, Kerala, Delhi, Uttar Pradesh, West Bengal, Maharashtra, Goa, Pondicherry, Assam and Tripura, targeting bottlers, manufacturers and consumers in the alcoholic beverages industry. Recent developments include the FY24 launch of a 40 million liters per annum grain-based ethanol plant supplying 29,724 kiloliters to oil marketing companies under the Ethanol Supply Year 2024-25 program; preferential allotment of warrants raising INR 186.7 million in October 2024 and INR 436.5 million in March 2024 for expansions such as a malt plant and Uttar Pradesh bottling cum distillery unit via subsidiary Associated Alcohols and Breweries (Awadh) Limited; new premium product launches including Nicobar super premium gin in Q3 FY24, Hillfort premium blended malt whisky in Q1 FY25, with plans for premium ready-to-drink, brandy and tequila; and achievement of record Q1 FY25 revenue of INR 2,518 million with IMFL proprietary volume growth of 6.4% year-over-year.