ASALCBRFast Moving Consumer Goods

Associated Alcohols & Breweries Ltd.

Breweries & Distilleries · ISIN INE073G01016 · BSE 507526 · NSE EQ · FV ₹10
Last price
₹657
+1.14%today
What this company does

Associated Alcohols & Breweries Ltd. operates in Breweries & Distilleries, part of the Fast Moving Consumer Goods sector. It booked ₹286 cr of revenue in its latest quarter (Q1 FY27) and kept 6.2% of sales as profit.

HIGH ON BOL D INTRODUCING HILLFORT WHISKY AMBITIONS In the past year, we have embarked on an exciting journey to bring a new premium blended malt whisky to the market. We are proud to introduce Hillfort Whisky, a brand that symbolizes strength, resilience, and heritage, much like the ancient hill forts from which it draws its name.
In the report:
55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of companies in Fast Moving Consumer Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 36–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
31

At close. Not part of the score.

Profitability & returns49

How much profit it earns on the money it employs

Balance sheet73

How much it owes, and whether earnings cover the interest

Cash quality26

Whether reported profit actually arrives as cash

Valuation43

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 6% vs last year
Promoters hold 62%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 6.2% net margin
! Profit down 25% vs last year

What if I invest in ASALCBR?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹657 +1.14%
latest close · 2026-09-17
1-year return
+53.3%
52-wk low ₹38052-wk high ₹830
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio18.5Average
LowAverageHigh
P/B ratio1.90Moderate
Below bookModerateHigh
EV / EBITDA10.4Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.3%Fair
WeakFairStrong ▸15%
Return on capital14.2%Fair
WeakFairStrong
Net margin6.2%Decent
ThinDecentStrong
EBITDA margin11.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.10Comfortable
LowModerateHigh ▸1
Interest cover14.1×Strong
RiskyOkayStrong ▸5×
Current ratio2.58Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,319 cr
Book value
₹346
EPS
₹8.88
latest quarter
Net debt
₹55 cr
owes more than its cash
Enterprise value
₹1,374 cr
EBITDA
₹132 cr
annualised
EBIT
₹104 cr
annualised
Operating margin
9.0%
Return on assets
8.3%
Earnings yield
5.41%
P/S
1.15
Sales / share
₹570.3
Tax rate
25.9%
Face value
₹10
Shares
2.0 cr
Working capital
₹199 cr
Current assets
₹325 cr
Current liabilities
₹126 cr
Delivery %
59.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹353 vs market price ₹657 — price is 86% above it
Safety cushion-86.3%(target ≥ +20%)
Models span ₹290₹562, midpoint ₹353
Model ₹353
Price ₹657
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹286 cr
Other Income₹3 cr
Total Income₹289 cr
Cost of Materials₹164 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹14 cr
Employee Benefit Expense₹16 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹7 cr
Other Expenses₹63 cr
Total Expenses₹265 cr
Profit before Tax₹24 cr
Tax Expense₹6 cr
Net Profit₹18 cr
Net margin on total income6.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹178 cr61.5%
Employee benefit expense₹16 cr5.5%
Finance costs₹2 cr0.6%
Depreciation & amortisation₹7 cr2.4%
Other expenses₹63 cr21.6%
Tax expense₹6 cr2.2%
Profit for the period₹18 cr6.2%
Total income ₹289 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue265 cr242 cr286 cr
Total income266 cr243 cr289 cr
Expenses231 cr211 cr265 cr
Profit before tax36 cr32 cr24 cr
Tax8 cr9 cr6 cr
Net profit (owners' share)27 cr24 cr18 cr
Net margin (owners' share, on revenue)10.3%9.7%6.2%
EPS (₹)14.3812.338.88
YoY (latest quarter): total income +6.4% · net profit -24.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹856 cr
Shareholder equity
₹695 cr
parent shareholders
Total debt
₹66 cr
Cash
₹11 cr
Cash flow · H1 FY26
Operating
₹56 cr
Investing
₹-47 cr
Financing
₹-23 L
Peer comparison
Breweries & Distilleries · by market value
CompanyPriceMarket capP/E
United Spirits Limited₹1,390₹1.01 L cr104.0
Radico Khaitan Limited₹4,380₹58,662 cr63.8
United Breweries Limited₹1,217₹32,172 cr48.4
Allied Blenders and Distillers Limited₹653₹18,268 cr92.8
Tilaknagar Industries Limited₹544₹13,459 cr106.2
Piccadily Agro Industries Limited₹601₹5,920 cr69.2
Globus Spirits Limited₹831₹2,416 cr22.7
GM Breweries Limited₹937₹2,141 cr14.2
India Glycols Limited₹249₹1,667 cr4.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.30%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 9 Sep 2026
ActionDetailEx-date
Dividend₹2 / share9 Sep 2026
Dividend₹2 / share25 Jul 2025
Dividend₹2 / share26 Jul 2024
Dividend₹1 / share26 Jul 2023
Dividend₹1 / share28 Jul 2022
Dividend₹1 / share12 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
62.4%
FII / Foreign
0.7%
DII / Domestic
1.3%
Retail / others
35.7%
Promoter stake up 3.1% over the last 12 quarters.
Smart-money activity
Bulk / block deals
BoughtIRAGE BROKING SERVICES LLP · NSE1.03 L @ ₹1,212.3430 Oct 25
SoldIRAGE BROKING SERVICES LLP · NSE53,880 @ ₹1,197.1230 Oct 25
BoughtEQUITY INTELLIGENCE INDIA PRIVATE LIMITED · NSE1.00 L @ ₹1,160.630 Oct 25
Stake changes
BoughtAnand Kumar Kedia · promoter→ 8.10% · 4.50 L12 Mar 26
BoughtPrassann Kumar Kedia · promoter→ 9.24% · 4.50 L12 Mar 26
BoughtPrasann Kumar Kedia · promoter→ 7.41% · 4.50 L4 Sep 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 16 Sep 2026
See the official result
1
Adoption of the Standalone Audited Financial Statements which includes the Audited Balance Sheet as of 31st March 2026, Statement Profit & Loss, Cash Flow and Statement of Changes in Equity of the Company for the year ended 31st March 2026 and the Reports of the Board and Auditor’s thereon as on that date.
Backed by 100% of shareholders other than promotersneeded 50%
1.36 L votes for, 114 against · 0% of mutual funds and other big investors said no
2
Adoption of the Consolidated Audited Financial Statements which includes the Audited Balance Sheet as of 31st March 2026, Statement Profit & Loss, Cash Flow and Statement of Changes in Equity of the Company for the year ended 31st March 2026 and the Reports of the Board and Auditor’s thereon as on that date..
Backed by 100% of shareholders other than promotersneeded 50%
1.36 L votes for, 114 against · 0% of mutual funds and other big investors said no
3
To declare dividend on Equity Shares for the financial year ended 31st March 2026.
Backed by 100% of shareholders other than promotersneeded 50%
1.36 L votes for, 112 against · 0% of mutual funds and other big investors said no
4
To reappoint Mr. Anshuman Kedia DIN 07702629 who is liable to retire by rotation and being eligible has offered himself for reappointment.
Backed by 84% of shareholders other than promotersneeded 50%
1.14 L votes for, 22,003 against · 19% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 62.3% between them · as of 2026-06-30
ANSHUMAN KEDIA9.79%
PRASANN KUMAR KEDIA9.24%
ANAND KUMAR KEDIA8.10%
SHWETA KEDIA7.68%
SANGITA KEDIA7.40%
VEDANT KEDIA5.29%
PRASANN KUMAR KEDIA HUF4.47%
BHAGWATI PRASAD PRASANN KUMAR HUF3.93%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹44 cr raised in Mar 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 0% of what it set aside, leaving ₹44 cr still to be spent.

To provide loans and / or make investment in 100% Wholly owned Subsidiary of the company, Associated Alcohols and Breweries (Awadh) Limited for setting up a bottling cum distillery unit in the state of Uttar Pradesh
0%
₹0 cr of ₹44 cr
₹75 cr raised in Oct 2024 by selling shares to selected investors

As of Mar 2026, the company says it has spent 100% of what it set aside.

To meet out the increased need for capital for future expansion projects, including major projects in the pipeline: the Malt plant and UP bottling cum distillery.
100%
₹75 cr of ₹75 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.