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ASAL

Associated Alcohols & Breweries NSEI:ASALCBR Stock Report

Last Price

₹444.05

Market Cap

₹8.0b

7D

5.6%

1Y

-8.2%

Updated

29 Jun, 2022

Data

Company Financials
ASALCBR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

ASALCBR Stock Overview

Associated Alcohols & Breweries Limited engages in liquor manufacturing and bottling in India.

Rewards

Trading at 41.5% below our estimate of its fair value

Earnings have grown 24.8% per year over the past 5 years

Risk Analysis

No risks detected for ASALCBR from our risk checks.

Associated Alcohols & Breweries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Associated Alcohols & Breweries
Historical stock prices
Current Share Price₹444.05
52 Week High₹653.65
52 Week Low₹380.00
Beta0.36
1 Month Change2.68%
3 Month Change-6.09%
1 Year Change-8.18%
3 Year Changen/a
5 Year Changen/a
Change since IPO65.47%

Recent News & Updates

Jun 10
Capital Investments At Associated Alcohols & Breweries (NSE:ASALCBR) Point To A Promising Future

Capital Investments At Associated Alcohols & Breweries (NSE:ASALCBR) Point To A Promising Future

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

ASALCBRIN BeverageIN Market
7D5.6%1.6%3.0%
1Y-8.2%21.3%0.3%

Return vs Industry: ASALCBR underperformed the Indian Beverage industry which returned 22.6% over the past year.

Return vs Market: ASALCBR underperformed the Indian Market which returned 0.6% over the past year.

Price Volatility

Is ASALCBR's price volatile compared to industry and market?
ASALCBR volatility
ASALCBR Average Weekly Movement5.7%
Beverage Industry Average Movement5.9%
Market Average Movement7.0%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: ASALCBR is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ASALCBR's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989447Tushar Bhandarihttps://www.associatedalcohols.com

Associated Alcohols & Breweries Limited engages in liquor manufacturing and bottling in India. The company offers extra neutral alcohol; and Indian made foreign liquor in the whisky, brandy, rum, gin, and vodka categories. Its brands include Central Province Whisky, Titanium Triple Distilled Vodka, Bombay Special Whisky, Desi Madira Masala, Superman Fine Whisky, James Mc Gill Whisky, and Jamaican Magic Rum, as well as various franchise and licensed brands.

Associated Alcohols & Breweries Fundamentals Summary

How do Associated Alcohols & Breweries's earnings and revenue compare to its market cap?
ASALCBR fundamental statistics
Market Cap₹8.00b
Earnings (TTM)₹608.06m
Revenue (TTM)₹5.13b

13.2x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASALCBR income statement (TTM)
Revenue₹5.13b
Cost of Revenue₹2.98b
Gross Profit₹2.14b
Other Expenses₹1.54b
Earnings₹608.06m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)33.63
Gross Margin41.83%
Net Profit Margin11.86%
Debt/Equity Ratio1.4%

How did ASALCBR perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

3%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ASALCBR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASALCBR?

Other financial metrics that can be useful for relative valuation.

ASALCBR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA8.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ASALCBR's PE Ratio compare to its peers?

ASALCBR PE Ratio vs Peers
The above table shows the PE ratio for ASALCBR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.7x
GMBREW G.M. Breweries
11.7xn/a₹10.9b
507205 Tilaknagar Industries
24xn/a₹10.9b
IFBAGRO IFB Agro Industries
8.7xn/a₹5.1b
GLOBUSSPR Globus Spirits
14.3xn/a₹26.8b
ASALCBR Associated Alcohols & Breweries
13.2xn/a₹8.0b

Price-To-Earnings vs Peers: ASALCBR is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (14.7x).


Price to Earnings Ratio vs Industry

How does ASALCBR's PE Ratio compare vs other companies in the Asian Beverage Industry?

Price-To-Earnings vs Industry: ASALCBR is good value based on its Price-To-Earnings Ratio (13.2x) compared to the Indian Beverage industry average (19.2x)


Price to Earnings Ratio vs Fair Ratio

What is ASALCBR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASALCBR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ASALCBR's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ASALCBR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASALCBR (₹444.05) is trading below our estimate of fair value (₹759.31)

Significantly Below Fair Value: ASALCBR is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASALCBR's PEG Ratio to determine if it is good value.


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Future Growth

How is Associated Alcohols & Breweries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.2%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Associated Alcohols & Breweries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether Associated Alcohols & Breweries is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Associated Alcohols & Breweries competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Associated Alcohols & Breweries performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASALCBR has high quality earnings.

Growing Profit Margin: ASALCBR's current net profit margins (11.9%) are lower than last year (13.3%).


Past Earnings Growth Analysis

Earnings Trend: ASALCBR's earnings have grown significantly by 24.8% per year over the past 5 years.

Accelerating Growth: ASALCBR's earnings growth over the past year (4.9%) is below its 5-year average (24.8% per year).

Earnings vs Industry: ASALCBR earnings growth over the past year (4.9%) underperformed the Beverage industry 29.6%.


Return on Equity

High ROE: ASALCBR's Return on Equity (19.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Associated Alcohols & Breweries's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ASALCBR's short term assets (₹1.9B) exceed its short term liabilities (₹794.1M).

Long Term Liabilities: ASALCBR's short term assets (₹1.9B) exceed its long term liabilities (₹79.7M).


Debt to Equity History and Analysis

Debt Level: ASALCBR has more cash than its total debt.

Reducing Debt: ASALCBR's debt to equity ratio has reduced from 32.6% to 1.4% over the past 5 years.

Debt Coverage: ASALCBR's debt is well covered by operating cash flow (1747.3%).

Interest Coverage: ASALCBR's interest payments on its debt are well covered by EBIT (72.9x coverage).


Balance Sheet


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Dividend

What is Associated Alcohols & Breweries's current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.22%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ASALCBR's dividend (0.23%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: ASALCBR's dividend (0.23%) is low compared to the top 25% of dividend payers in the Indian market (1.85%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ASALCBR has been paying a dividend for less than 10 years.

Growing Dividend: ASALCBR's dividend payments have increased, but the company has only paid a dividend for 7 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (3%), ASALCBR's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (4.6%), ASALCBR's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Tushar Bhandari (40 yo)

1.17yrs

Tenure

₹3,964,000

Compensation

Mr. Tushar Bhandari serves as Whole Time Director at Associated Alcohols & Breweries Limited since January 05, 2017. He served as the Acting Chief Financial Officer at Associated Alcohols & Breweries Limit...


CEO Compensation Analysis

Compensation vs Market: Tushar's total compensation ($USD50.17K) is above average for companies of similar size in the Indian market ($USD38.25K).

Compensation vs Earnings: Tushar's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ASALCBR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: ASALCBR's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Associated Alcohols & Breweries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Associated Alcohols & Breweries Limited
  • Ticker: ASALCBR
  • Exchange: NSEI
  • Founded: 1989
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: ₹8.001b
  • Shares outstanding: 18.08m
  • Website: https://www.associatedalcohols.com

Number of Employees


Location

  • Associated Alcohols & Breweries Limited
  • BPK Star Tower
  • 4th Floor
  • Indore
  • Madhya Pradesh
  • 452008
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.