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Swing Capital

Associated Alcohols & Breweries Ltd

NSE: ASALCBR BSE: 507526

Associated Alcohols & Breweries Ltd is in business of manufacturing and trading of ENA, Indian Made Indian Liquor (Country Liquor), Indian Made Foreign Liquor and Hand sanitizer.[1]

₹832
52W: ₹661 — ₹1277
PE 19.1 · Book ₹309 · +169% vs book
Market Cap₹1,671 Cr
Stock P/E19.1Price to Earnings
ROCE20%Return on Capital
ROE17.3%Return on Equity
Div. Yield0.24%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Promoter holding has increased by 1.13% over last quarter.

Weaknesses

  • −Dividend payout has been low at 5.31% of profits over last 3 years

Shareholding Pattern

Promoters62.35%
FIIs0.33%
DIIs0.94%
Public36.37%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters59.29%59.29%59.29%59.29%59.29%61.22%▲1.961.22%62.35%▲1.1
FIIs1.11%0.91%▼0.21.2%▲0.31.06%▼0.10.63%▼0.40.48%▼0.20.32%▼0.20.33%▲0.0
DIIs0%0%0%0%0.03%▲0.00.03%0%▼0.00.94%▲0.9
Public39.6%39.79%▲0.239.51%▼0.339.65%▲0.140.05%▲0.438.26%▼1.838.46%▲0.236.37%▼2.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales170191242252255327242267254260
Expenses151171224224230287207230230219
Operating Profit19201828254035372442
OPM %11%11%8%11%10%12%15%14%9%16%
Net Profit13131218152622241427
EPS ₹7.446.956.789.88.4714.4312.3513.097.3814.38

AI Insights

Revenue Trend

TTM revenue at ₹1,023Cr, down 4.8% YoY. OPM at 14%.

Debt Position

Borrowings at ₹75Cr. Debt-to-equity ratio: 0.13x. Healthy balance sheet.

Capex Cycle

CWIP at ₹67Cr (20% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.94% (+0.94pp change). FIIs: 0.33% (-0.22pp change). Promoters hold 62.35%.

Margin & Efficiency

ROCE improving from 13% (Mar 2014) to 20% (Mar 2025). Working capital days: 29.

Valuation

PE 19.1x with 20% ROCE. Price is 169% above book value of ₹309. Dividend yield: 0.24%.

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