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Last Updated: February 25, 2026, 7:55 am
Author: Getaka|Social: XLinkedIn

Associated Alcohols & Breweries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 25, 2026, 7:55 am

Market Cap 1,567 Cr.
Current Price 826
Intrinsic Value₹816.53
High / Low 1,482/774
Stock P/E18.0
Book Value 309
Dividend Yield0.24 %
ROCE20.0 %
ROE17.3 %
Face Value 10.0
PEG Ratio2.57

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Associated Alcohols & Breweries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Tilaknagar Industries Ltd 10,993 Cr. 445 550/20038.9 80.60.22 %28.2 %29.6 % 10.0
Som Distilleries & Breweries Ltd 1,660 Cr. 79.8 173/79.018.8 39.90.00 %18.0 %16.2 % 2.00
Radico Khaitan Ltd 36,420 Cr. 2,720 3,695/1,98768.6 2180.15 %16.2 %13.6 % 2.00
IFB Agro Industries Ltd 837 Cr. 893 1,795/43717.5 6990.00 %6.24 %3.82 % 10.0
G M Breweries Ltd 2,297 Cr. 1,005 1,329/57914.1 4310.75 %18.1 %14.6 % 10.0
Industry Average7,073.38 Cr878.4828.13278.690.21%15.54%13.43%8.00

All Competitor Stocks of Associated Alcohols & Breweries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 185185156170191242252255327242267254260
Expenses 168170138151171224224230287207230230219
Operating Profit 17151819201828254035372442
OPM % 9%8%12%11%11%8%11%10%12%15%14%9%16%
Other Income 2222231111212
Interest 0110122111211
Depreciation 4333344445667
Profit before tax 15131718181624213530321836
Tax % 26%24%26%25%29%23%26%27%26%25%26%24%23%
Net Profit 11101213131218152622241427
EPS in Rs 5.985.426.837.446.956.789.808.4714.4312.3513.097.3814.38

Last Updated: February 6, 2026, 3:46 pm

Below is a detailed analysis of the quarterly data for Associated Alcohols & Breweries Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

  • For Sales, as of Dec 2025, the value is 260.00 Cr.. The value appears strong and on an upward trend. It has increased from 254.00 Cr. (Sep 2025) to 260.00 Cr., marking an increase of 6.00 Cr..
  • For Expenses, as of Dec 2025, the value is 219.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 230.00 Cr. (Sep 2025) to 219.00 Cr., marking a decrease of 11.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 42.00 Cr.. The value appears strong and on an upward trend. It has increased from 24.00 Cr. (Sep 2025) to 42.00 Cr., marking an increase of 18.00 Cr..
  • For OPM %, as of Dec 2025, the value is 16.00%. The value appears strong and on an upward trend. It has increased from 9.00% (Sep 2025) to 16.00%, marking an increase of 7.00%.
  • For Other Income, as of Dec 2025, the value is 2.00 Cr.. The value appears strong and on an upward trend. It has increased from 1.00 Cr. (Sep 2025) to 2.00 Cr., marking an increase of 1.00 Cr..
  • For Interest, as of Dec 2025, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 1.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 7.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6.00 Cr. (Sep 2025) to 7.00 Cr., marking an increase of 1.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 36.00 Cr.. The value appears strong and on an upward trend. It has increased from 18.00 Cr. (Sep 2025) to 36.00 Cr., marking an increase of 18.00 Cr..
  • For Tax %, as of Dec 2025, the value is 23.00%. The value appears to be improving (decreasing) as expected. It has decreased from 24.00% (Sep 2025) to 23.00%, marking a decrease of 1.00%.
  • For Net Profit, as of Dec 2025, the value is 27.00 Cr.. The value appears strong and on an upward trend. It has increased from 14.00 Cr. (Sep 2025) to 27.00 Cr., marking an increase of 13.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 14.38. The value appears strong and on an upward trend. It has increased from 7.38 (Sep 2025) to 14.38, marking an increase of 7.00.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 10:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2132982882913243995234365137017591,0751,023
Expenses 195268249250272341445346431638683947885
Operating Profit 1831384152587889826377128138
OPM % 9%10%13%14%16%14%15%21%16%9%10%12%14%
Other Income 541224251481056
Interest 7754422111465
Depreciation 7101011111214141414141723
Profit before tax 1018232739476478815568110116
Tax % 40%33%38%38%36%36%23%26%25%25%26%26%
Net Profit 6121417253049586142518187
EPS in Rs 3.236.827.909.3513.9316.7427.2932.0633.6422.9928.0045.0647.20
Dividend Payout % 0%4%6%11%7%6%4%3%3%4%7%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)100.00%16.67%21.43%47.06%20.00%63.33%18.37%5.17%-31.15%21.43%58.82%
Change in YoY Net Profit Growth (%)0.00%-83.33%4.76%25.63%-27.06%43.33%-44.97%-13.19%-36.32%52.58%37.39%

Associated Alcohols & Breweries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:16%
3 Years:28%
TTM:28%
Compounded Profit Growth
10 Years:22%
5 Years:10%
3 Years:11%
TTM:56%
Stock Price CAGR
10 Years:36%
5 Years:31%
3 Years:31%
1 Year:10%
Return on Equity
10 Years:19%
5 Years:17%
3 Years:14%
Last Year:17%

Last Updated: September 4, 2025, 11:55 pm

Balance Sheet

Last Updated: December 4, 2025, 12:59 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 991818181818181818181819
Reserves 48596379103131177234295345405502568
Borrowings 9245393221281111510010810275
Other Liabilities 425751415967676782758896114
Total Liabilities 191170170169201244274330400538619718776
Fixed Assets 9893938680116110111113110252351338
CWIP 022523211924110633267
Investments 432233232560466497
Other Assets 8971747696123151207239257257271274
Total Assets 191170170169201244274330400538619718776

Below is a detailed analysis of the balance sheet data for Associated Alcohols & Breweries Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 19.00 Cr.. The value appears strong and on an upward trend. It has increased from 18.00 Cr. (Mar 2025) to 19.00 Cr., marking an increase of 1.00 Cr..
  • For Reserves, as of Sep 2025, the value is 568.00 Cr.. The value appears strong and on an upward trend. It has increased from 502.00 Cr. (Mar 2025) to 568.00 Cr., marking an increase of 66.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 75.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 102.00 Cr. (Mar 2025) to 75.00 Cr., marking a decrease of 27.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 114.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 96.00 Cr. (Mar 2025) to 114.00 Cr., marking an increase of 18.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 776.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 718.00 Cr. (Mar 2025) to 776.00 Cr., marking an increase of 58.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 338.00 Cr.. The value appears to be declining and may need further review. It has decreased from 351.00 Cr. (Mar 2025) to 338.00 Cr., marking a decrease of 13.00 Cr..
  • For CWIP, as of Sep 2025, the value is 67.00 Cr.. The value appears strong and on an upward trend. It has increased from 32.00 Cr. (Mar 2025) to 67.00 Cr., marking an increase of 35.00 Cr..
  • For Investments, as of Sep 2025, the value is 97.00 Cr.. The value appears strong and on an upward trend. It has increased from 64.00 Cr. (Mar 2025) to 97.00 Cr., marking an increase of 33.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 274.00 Cr.. The value appears strong and on an upward trend. It has increased from 271.00 Cr. (Mar 2025) to 274.00 Cr., marking an increase of 3.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 776.00 Cr.. The value appears strong and on an upward trend. It has increased from 718.00 Cr. (Mar 2025) to 776.00 Cr., marking an increase of 58.00 Cr..

Notably, the Reserves (568.00 Cr.) exceed the Borrowings (75.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -13471025392558677972874
Cash from Investing Activity + -9-6-9-13-23-28-33-65-70-94-32-83
Cash from Financing Activity + 28-47-7-12-163-25-3-986131
Net Cash Flow 5-5-6-0-1-11-11-19-8

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-74.00-14.00-1.009.0031.0030.0067.0078.0077.00-37.00-31.0026.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 131015222128273317101713
Inventory Days 7277668013516311017015214611798
Days Payable 4264564769896897111454232
Cash Conversion Cycle 432225558710269106581119280
Working Capital Days 16-114111629404624352729
ROCE %13%17%25%26%32%31%35%34%28%15%14%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.45%58.45%58.67%59.29%59.29%59.29%59.29%59.29%59.29%59.29%61.22%61.22%
FIIs 0.58%0.55%0.48%0.58%1.20%1.11%0.91%1.20%1.06%0.63%0.48%0.32%
DIIs 0.01%0.00%0.00%0.10%0.00%0.00%0.00%0.00%0.00%0.03%0.03%0.00%
Public 40.96%41.01%40.85%40.04%39.51%39.60%39.79%39.51%39.65%40.05%38.26%38.46%
No. of Shareholders 43,77342,06940,06738,22735,94334,19433,45532,91436,02038,31639,28844,160

Shareholding Pattern Chart

No. of Shareholders

Associated Alcohols & Breweries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Taurus ELSS Tax Saver Fund 5,252 0.64 0.49N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 45.0628.0022.9933.6332.06
Diluted EPS (Rs.) 43.0528.0022.9933.6332.06
Cash EPS (Rs.) 54.7035.9730.9441.5339.84
Book Value[Excl.RevalReserv]/Share (Rs.) 287.79233.89201.01173.04139.29
Book Value[Incl.RevalReserv]/Share (Rs.) 287.79233.89201.01173.04139.29
Dividend / Share (Rs.) 2.002.001.001.001.00
Revenue From Operations / Share (Rs.) 595.10420.26387.61283.52241.01
PBDIT / Share (Rs.) 73.4547.7739.4353.3052.00
PBIT / Share (Rs.) 63.8039.8031.4745.4144.22
PBT / Share (Rs.) 60.6537.7730.6944.8943.41
Net Profit / Share (Rs.) 45.0628.0022.9833.6332.06
PBDIT Margin (%) 12.3411.3610.1718.8021.57
PBIT Margin (%) 10.729.478.1116.0118.34
PBT Margin (%) 10.198.987.9115.8318.01
Net Profit Margin (%) 7.576.665.9311.8613.30
Return on Networth / Equity (%) 15.6511.9711.4319.4323.01
Return on Capital Employeed (%) 20.3014.8412.9425.5830.54
Return On Assets (%) 11.358.187.7215.1917.57
Long Term Debt / Equity (X) 0.050.110.180.000.01
Total Debt / Equity (X) 0.180.240.260.010.03
Asset Turnover Ratio (%) 1.611.311.491.401.44
Current Ratio (X) 1.681.752.482.442.95
Quick Ratio (X) 0.760.961.621.622.10
Inventory Turnover Ratio (X) 8.924.585.124.873.20
Dividend Payout Ratio (NP) (%) 4.433.574.352.973.11
Dividend Payout Ratio (CP) (%) 3.652.783.232.402.51
Earning Retention Ratio (%) 95.5796.4395.6597.0396.89
Cash Earning Retention Ratio (%) 96.3597.2296.7797.6097.49
Interest Coverage Ratio (X) 23.3123.5250.23103.4263.99
Interest Coverage Ratio (Post Tax) (X) 15.3014.7830.2866.2640.45
Enterprise Value (Cr.) 2602.95914.06616.81782.57692.35
EV / Net Operating Revenue (X) 2.421.200.881.531.59
EV / EBITDA (X) 19.6010.588.658.127.36
MarketCap / Net Operating Revenue (X) 2.341.120.831.681.75
Retention Ratios (%) 95.5696.4295.6497.0296.88
Price / BV (X) 4.842.011.612.753.03
Price / Net Operating Revenue (X) 2.341.120.831.681.75
EarningsYield 0.030.050.070.070.07

After reviewing the key financial ratios for Associated Alcohols & Breweries Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 45.06. This value is within the healthy range. It has increased from 28.00 (Mar 24) to 45.06, marking an increase of 17.06.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 43.05. This value is within the healthy range. It has increased from 28.00 (Mar 24) to 43.05, marking an increase of 15.05.
  • For Cash EPS (Rs.), as of Mar 25, the value is 54.70. This value is within the healthy range. It has increased from 35.97 (Mar 24) to 54.70, marking an increase of 18.73.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 287.79. It has increased from 233.89 (Mar 24) to 287.79, marking an increase of 53.90.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 287.79. It has increased from 233.89 (Mar 24) to 287.79, marking an increase of 53.90.
  • For Dividend / Share (Rs.), as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 595.10. It has increased from 420.26 (Mar 24) to 595.10, marking an increase of 174.84.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 73.45. This value is within the healthy range. It has increased from 47.77 (Mar 24) to 73.45, marking an increase of 25.68.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 63.80. This value is within the healthy range. It has increased from 39.80 (Mar 24) to 63.80, marking an increase of 24.00.
  • For PBT / Share (Rs.), as of Mar 25, the value is 60.65. This value is within the healthy range. It has increased from 37.77 (Mar 24) to 60.65, marking an increase of 22.88.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 45.06. This value is within the healthy range. It has increased from 28.00 (Mar 24) to 45.06, marking an increase of 17.06.
  • For PBDIT Margin (%), as of Mar 25, the value is 12.34. This value is within the healthy range. It has increased from 11.36 (Mar 24) to 12.34, marking an increase of 0.98.
  • For PBIT Margin (%), as of Mar 25, the value is 10.72. This value is within the healthy range. It has increased from 9.47 (Mar 24) to 10.72, marking an increase of 1.25.
  • For PBT Margin (%), as of Mar 25, the value is 10.19. This value is within the healthy range. It has increased from 8.98 (Mar 24) to 10.19, marking an increase of 1.21.
  • For Net Profit Margin (%), as of Mar 25, the value is 7.57. This value is within the healthy range. It has increased from 6.66 (Mar 24) to 7.57, marking an increase of 0.91.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 15.65. This value is within the healthy range. It has increased from 11.97 (Mar 24) to 15.65, marking an increase of 3.68.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 20.30. This value is within the healthy range. It has increased from 14.84 (Mar 24) to 20.30, marking an increase of 5.46.
  • For Return On Assets (%), as of Mar 25, the value is 11.35. This value is within the healthy range. It has increased from 8.18 (Mar 24) to 11.35, marking an increase of 3.17.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.05. This value is below the healthy minimum of 0.2. It has decreased from 0.11 (Mar 24) to 0.05, marking a decrease of 0.06.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.18. This value is within the healthy range. It has decreased from 0.24 (Mar 24) to 0.18, marking a decrease of 0.06.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.61. It has increased from 1.31 (Mar 24) to 1.61, marking an increase of 0.30.
  • For Current Ratio (X), as of Mar 25, the value is 1.68. This value is within the healthy range. It has decreased from 1.75 (Mar 24) to 1.68, marking a decrease of 0.07.
  • For Quick Ratio (X), as of Mar 25, the value is 0.76. This value is below the healthy minimum of 1. It has decreased from 0.96 (Mar 24) to 0.76, marking a decrease of 0.20.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 8.92. This value exceeds the healthy maximum of 8. It has increased from 4.58 (Mar 24) to 8.92, marking an increase of 4.34.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 4.43. This value is below the healthy minimum of 20. It has increased from 3.57 (Mar 24) to 4.43, marking an increase of 0.86.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 3.65. This value is below the healthy minimum of 20. It has increased from 2.78 (Mar 24) to 3.65, marking an increase of 0.87.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 95.57. This value exceeds the healthy maximum of 70. It has decreased from 96.43 (Mar 24) to 95.57, marking a decrease of 0.86.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 96.35. This value exceeds the healthy maximum of 70. It has decreased from 97.22 (Mar 24) to 96.35, marking a decrease of 0.87.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 23.31. This value is within the healthy range. It has decreased from 23.52 (Mar 24) to 23.31, marking a decrease of 0.21.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 15.30. This value is within the healthy range. It has increased from 14.78 (Mar 24) to 15.30, marking an increase of 0.52.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 2,602.95. It has increased from 914.06 (Mar 24) to 2,602.95, marking an increase of 1,688.89.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.42. This value is within the healthy range. It has increased from 1.20 (Mar 24) to 2.42, marking an increase of 1.22.
  • For EV / EBITDA (X), as of Mar 25, the value is 19.60. This value exceeds the healthy maximum of 15. It has increased from 10.58 (Mar 24) to 19.60, marking an increase of 9.02.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.34. This value is within the healthy range. It has increased from 1.12 (Mar 24) to 2.34, marking an increase of 1.22.
  • For Retention Ratios (%), as of Mar 25, the value is 95.56. This value exceeds the healthy maximum of 70. It has decreased from 96.42 (Mar 24) to 95.56, marking a decrease of 0.86.
  • For Price / BV (X), as of Mar 25, the value is 4.84. This value exceeds the healthy maximum of 3. It has increased from 2.01 (Mar 24) to 4.84, marking an increase of 2.83.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.34. This value is within the healthy range. It has increased from 1.12 (Mar 24) to 2.34, marking an increase of 1.22.
  • For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 24) to 0.03, marking a decrease of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Associated Alcohols & Breweries Ltd as of February 25, 2026 is: ₹771.63

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 25, 2026, Associated Alcohols & Breweries Ltd is Overvalued by 6.58% compared to the current share price ₹826.00

Intrinsic Value of Associated Alcohols & Breweries Ltd as of February 25, 2026 is: ₹825.71

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 25, 2026, Associated Alcohols & Breweries Ltd is Overvalued by 0.04% compared to the current share price ₹826.00

Last 5 Year EPS CAGR: 7.01%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 24.17%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 22.17, which is a positive sign.
  3. The company has higher reserves (231.46 cr) compared to borrowings (51.46 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (365.15 cr) and profit (56.62 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 70.83, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Associated Alcohols & Breweries Ltd:
    1. Net Profit Margin: 7.57%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 20.3% (Industry Average ROCE: 15.54%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 15.65% (Industry Average ROE: 13.43%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 15.3
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.76
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 18 (Industry average Stock P/E: 28.13)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.18
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Associated Alcohols & Breweries Ltd. is a Public Limited Listed company incorporated on 07/07/1989 and has its registered office in the State of Madhya Pradesh, India. Company's Corporate Identification Number(CIN) is L15520MP1989PLC049380 and registration number is 047211. Currently Company is involved in the business activities of Manufacture of country liquor. Company's Total Operating Revenue is Rs. 1075.90 Cr. and Equity Capital is Rs. 18.08 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Beverages & Distilleries4th Floor, Indore Madhya Pradesh 452008Contact not found
Management
NamePosition Held
Mr. Prasann Kumar KediaManaging Director
Mr. Anshuman KediaWholeTime Director & CEO
Mr. Tushar BhandariWholeTime Director & CFO
Ms. Apurva Pradeep JoshiIndependent Director
Mr. Debashis DasIndependent Director
Dr. Swaraj Kumar PuriIndependent Director

FAQ

What is the intrinsic value of Associated Alcohols & Breweries Ltd?

Associated Alcohols & Breweries Ltd's intrinsic value (as of 25 February 2026) is ₹825.71 which is 0.04% lower the current market price of ₹826.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹1,567 Cr. market cap, FY2025-2026 high/low of ₹1,482/774, reserves of ₹568 Cr, and liabilities of ₹776 Cr.

What is the Market Cap of Associated Alcohols & Breweries Ltd?

The Market Cap of Associated Alcohols & Breweries Ltd is 1,567 Cr..

What is the current Stock Price of Associated Alcohols & Breweries Ltd as on 25 February 2026?

The current stock price of Associated Alcohols & Breweries Ltd as on 25 February 2026 is ₹826.

What is the High / Low of Associated Alcohols & Breweries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Associated Alcohols & Breweries Ltd stocks is ₹1,482/774.

What is the Stock P/E of Associated Alcohols & Breweries Ltd?

The Stock P/E of Associated Alcohols & Breweries Ltd is 18.0.

What is the Book Value of Associated Alcohols & Breweries Ltd?

The Book Value of Associated Alcohols & Breweries Ltd is 309.

What is the Dividend Yield of Associated Alcohols & Breweries Ltd?

The Dividend Yield of Associated Alcohols & Breweries Ltd is 0.24 %.

What is the ROCE of Associated Alcohols & Breweries Ltd?

The ROCE of Associated Alcohols & Breweries Ltd is 20.0 %.

What is the ROE of Associated Alcohols & Breweries Ltd?

The ROE of Associated Alcohols & Breweries Ltd is 17.3 %.

What is the Face Value of Associated Alcohols & Breweries Ltd?

The Face Value of Associated Alcohols & Breweries Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Associated Alcohols & Breweries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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