Associated Alcohols & Breweries
- Market cap
- ₹ 1,083 Cr.
- P/E
- 13.1x
- P/B
- 1.62x
- 52-week range
- 524 – 1,277
- ROE
- 15%
- ROCE
- 18%
- Dividend yield
- 0.4%
- Debt / equity
- 0.1
- Sector
- Beverages
- Industry
- Breweries & Distilleries
- Listed on
- NSE, BSE
About
Associated Alcohols & Breweries Limited is an India-based company, which is engaged in the manufacturing of liquor. The Company is primarily engaged in the business of manufacturing and selling extra neutral alcohol (ENA), Indian Made Indian Liquor (IMIL) (Country Liquor), Indian Made Foreign Liquor (IMFL) and Ethanol. Its segments include Potable Alcohols Division and Ethanol Division. The Potable Alcohols segment is involved in the production and sale of IMFL, IMIL, and ENA. Further, this segment also provides manufacturing services related to these products. This segment caters to various consumer preferences and ensures a comprehensive presence in the alcoholic beverage market. The Ethanol segment is involved in the production and distribution of grain-based ethanol, primarily supplying it to oil marketing companies in India for blending with petrol. Its brands include Titanium Vodka, Lemount Brandy, Central Province Rum, Central Province Vodka, Bombay Special Whisky, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Breweries & Distilleries: 28 companies →Associated Alcohols & Breweries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)13.1 against a typical 39.7: cheaper than most peers (1st = cheapest).9th of 27
- Sales growth+5.2% against a typical +11.8% from a year earlier.17th of 25
- Profit growth−25% against a typical +10.1% from a year earlier.15th of 20
- Share price, 3 months−29% against a typical −9.2%.26th of 28
- Size₹ 1,082.9 Cr. market value against a typical ₹ 419.4 Cr. (1st = largest).8th of 24
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A- by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A- | Positive | 30 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 30 Oct 2025 | Reaffirmed | Crisil A- | — | CRISIL | ₹ 110 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 24 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 18 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 1 Apr 2026 | Other business matters | Intimation of Board Meeting |
| 12 Mar 2026 | Fund Raising | To consider and approve conversion of warrants into equity shares of the Company. |
| 4 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 8 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 170 | 191 | 242 | 252 | 255 | 327 | 242 | 267 | 254 | 260 | 238 | 281 |
| Expenses | 151 | 171 | 224 | 224 | 230 | 287 | 207 | 230 | 230 | 219 | 198 | 251 |
| Operating Profit | 19 | 20 | 18 | 28 | 25 | 40 | 35 | 37 | 24 | 42 | 40 | 30 |
| OPM % | 11% | 11% | 8% | 11% | 10% | 12% | 15% | 14% | 9% | 16% | 17% | 11% |
| Other Income | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 3 |
| Interest | 0 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 3 | 2 |
| Depreciation | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 6 | 6 | 7 | 7 | 7 |
| Profit before tax | 18 | 18 | 16 | 24 | 21 | 35 | 30 | 32 | 18 | 36 | 32 | 24 |
| Tax % | 25% | 29% | 23% | 26% | 27% | 26% | 25% | 26% | 24% | 23% | 28% | 26% |
| Net Profit | 13 | 13 | 12 | 18 | 15 | 26 | 22 | 24 | 14 | 27 | 24 | 18 |
| EPS in Rs | 7.44 | 6.95 | 6.78 | 9.8 | 8.47 | 14.43 | 12.35 | 13.09 | 7.38 | 14.38 | 11.71 | 8.92 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 13%
- 5 Years
- 19%
- 3 Years
- 13%
- TTM
- −5%
- 10 Years
- 20%
- 5 Years
- 9%
- 3 Years
- 28%
- TTM
- −5%
- 10 Years
- 19%
- 5 Years
- 10%
- 3 Years
- 18%
- TTM
- —
- 10 Years
- 18%
- 5 Years
- 15%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Associated Alcohols & Breweries | ₹ 543.00 | ₹ 1,083 Cr. | 13.1x | 1.6x | 15% | — |
| United Spirits | ₹ 1,255.60 | ₹ 91,326 Cr. | 55.4x | 11.2x | 20% | 6.1% |
| Radico Khaitan | ₹ 4,170.00 | ₹ 55,873 Cr. | 89.3x | 16.6x | 19.9% | 2.9% |
| United Breweries | ₹ 1,143.85 | ₹ 30,246 Cr. | 95.1x | 7.8x | 9.3% | 2.4% |
| Allied Blenders and Distillers | ₹ 674.30 | ₹ 18,913 Cr. | 75.3x | 10.4x | 14.3% | 2.9% |
| Tilaknagar Industries | ₹ 490.00 | ₹ 12,126 Cr. | 38x | 3.7x | 1.1% | 0.4% |
Management
- Anshuman Kedia
- Chief Executive Officer, Whole Time Director
- Dilip Inani
- Chief Financial Officer
- Abhinav Mathur
- Compliance Officer, Company Secretary
- Tushar Bhandari
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.