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Associated Alcohols & Breweries Ltd.
(ASALCBR)
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Rating:55Neutral
Price Target:
₹738.00
▼(-21.62% Downside)
Action:Reiterated
Date:08/26/26
Overall score is held back primarily by weak cash-flow quality (negative free cash flow over multiple years) and a clearly bearish technical trend (price below key moving averages with negative MACD). These are partly offset by a strong, low-leverage balance sheet and reasonable valuation, but low dividend yield provides limited downside cushion.
Positive Factors
Low Leverage
Very low and improving leverage reduces solvency risk and gives the company flexibility to absorb demand or margin cycles. It also preserves capacity to fund operations and measured investment without heavy reliance on external financing.
Negative Factors
Persistent Negative Free Cash Flow
Multi-year negative free cash flow indicates that investment requirements or working-capital outflows are absorbing internally generated funds. If sustained, this can increase funding needs and limit financial flexibility despite the current low-debt position.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low and improving leverage reduces solvency risk and gives the company flexibility to absorb demand or margin cycles. It also preserves capacity to fund operations and measured investment without heavy reliance on external financing.
Read all positive factors
Associated Alcohols & Breweries Ltd. (ASALCBR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.60B
Dividend Yield0.29%
Average Volume (3M)2.15K
Price to Earnings (P/E)15.6
Beta (1Y)1.76
Revenue Growth-5.25%
EPS Growth-10.44%
CountryIN
Employees567
SectorGeneral
Sector StrengthN/A
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)47.48
Shares Outstanding20,079,200
10 Day Avg. Volume2,203
30 Day Avg. Volume2,146
Financial Highlights & Ratios
PEG Ratio2.65
Price to Book (P/B)1.79
Price to Sales (P/S)1.22
P/FCF Ratio-127.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)49.75
Revenue Forecast (FY)₹10.90B
Associated Alcohols & Breweries Ltd. Business Overview & Revenue Model
Company Description
Operating within India, Associated Alcohols & Breweries Limited specializes in the production and bottling of alcoholic beverages. Their product portfolio includes extra neutral alcohol (ENA), alongside a diverse range of Indian Made Indian Liquor...
How the Company Makes Money
ASALCBR makes money by generating revenue from the sale of its alcoholic beverage products through applicable distribution channels (e.g., wholesale/distributors, retail, on-premise). Beyond this general model, specific information on its key reve...
Associated Alcohols & Breweries Ltd. Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
82
Very Positive
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.19B | 10.76B | 7.60B | 7.01B | 5.13B |
| Gross Profit | 2.80B | 3.47B | 2.52B | 3.27B | 1.10B |
| EBITDA | 1.49B | 1.32B | 863.59M | 712.41M | 961.91M |
| Net Income | 884.55M | 814.16M | 506.23M | 415.56M | 608.06M |
Balance Sheet | |||||
| Total Assets | 8.56B | 7.18B | 6.19B | 5.38B | 4.00B |
| Cash, Cash Equivalents and Short-Term Investments | 278.24M | 11.88M | 429.20M | 631.00M | 805.12M |
| Total Debt | 689.19M | 1.02B | 1.08B | 1.00B | 54.41M |
| Total Liabilities | 1.61B | 1.97B | 1.96B | 1.75B | 873.73M |
| Stockholders Equity | 6.95B | 5.20B | 4.23B | 3.63B | 3.13B |
Cash Flow | |||||
| Free Cash Flow | -97.58M | -121.26M | -756.76M | -861.16M | 395.00M |
| Operating Cash Flow | 474.17M | 739.15M | 284.20M | 67.63M | 792.33M |
| Investing Cash Flow | -895.37M | -830.88M | -324.88M | -942.24M | -699.80M |
| Financing Cash Flow | 517.66M | 9.28M | 126.57M | 862.65M | -85.40M |
Associated Alcohols & Breweries Ltd. Technical Analysis
Negative
941.55
Price Trends
754.24
Negative
803.26
Negative
830.79
Negative
Market Momentum
-18.00
Negative
33.95
Neutral
21.37
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 941.55 is above the 20-day moving average (MA) of 708.04, above the 50-day MA of 754.24, and above the 200-day MA of 830.79, indicating a bearish trend. The MACD of -18.00 indicates Negative momentum. The RSI at 33.95 is Neutral, neither overbought nor oversold. The STOCH value of 21.37 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | ₹20.76B | 12.34 | ― | 0.99% | 21.26% | 29.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹13.60B | 15.64 | ― | 0.29% | -5.25% | -10.44% | |
55 Neutral | ₹11.51B | 46.39 | ― | 1.47% | -1.54% | -56.91% | |
53 Neutral | ₹128.81B | -407.50 | ― | 0.19% | 103.28% | -108.95% | |
51 Neutral | ₹13.82B | -44.72 | ― | 0.17% | -33.51% | -130.05% | |
42 Neutral | ₹26.41B | 24.22 | ― | 0.78% | 7.88% | 295.37% |
* General Sector Average
IN:ASALCBR
Associated Alcohols & Breweries Ltd.
677.55
-341.52
-33.51%
IN:GLOBUSSPR
Globus Spirits Limited
839.60
-206.37
-19.73%
IN:GMBREW
G.M. Breweries Ltd.
908.50
208.82
29.85%
IN:SDBL
Som Distilleries & Breweries Ltd.
70.03
-64.22
-47.84%
IN:SULA
Sula Vineyards Ltd.
136.35
-144.44
-51.44%
IN:TI
Tilaknagar Industries Limited
520.50
57.15
12.33%
Associated Alcohols & Breweries Ltd. Corporate Events
Associated Alcohols Secures Additional 87.4 Lakh Litre Ethanol Allocation After Supreme Court Order
Aug 17, 2026
Associated Alcohols Breweries Ltd. has received an additional allocation of 87.4 lakh litres of ethanol from Bharat Petroleum Corporation Ltd., following a Supreme Court order on the allocation methodology for the fourth quarter of the 2025-26 et...
Associated Alcohols & Breweries Posts Q1 FY27 Investor Presentation
Jul 26, 2026
Associated Alcohols Breweries Ltd. has released its earnings and investor presentation for the quarter ended June 30, 2026, to both BSE and NSE in line with Indian securities regulations. The materials have also been made available on the company...
Associated Alcohols Alerts Shareholders on Transfer of Unclaimed Dividends to IEPF
Jul 13, 2026
Associated Alcohols Breweries Ltd. has notified the stock exchanges that it has published newspaper advertisements to inform shareholders about the transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Prot...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.