Associated Alcohols & Breweries Ltd
ASALCBRAssociated Alcohols & Breweries Ltd is cheap for a reason. The P/E sits at the 5th percentile of its own range, and the quarters are still getting worse.
The sharpest disagreement: annual EPS moved −2.2% against a −33.7% price move — the market has not yet caught up with the delivery.
The price is in a downtrend (52 weeks in) while the P/E sits at the 5th percentile of its own 11-year range. Underneath, the last four quarters read deteriorating — profit −25.0% year on year, and 96% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Associated Alcohols & Breweries Ltd trades at ₹678, in a downtrend and 52 weeks into that stage. That is −19.0% against its own 200-day average. It sits at 0% of a 52-week range of ₹678 to ₹1,217. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (14 weeks and counting).
Today the stock is in a downtrend — week 52 of stage 4, confirmed. At ₹678 it trades −19.0% versus its 200-day average and sits at 0% of its 52-week range (₹678–₹1,217).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +611% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (14 weeks and counting; last ahead the week of 2026-06-19) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Associated Alcohols & Breweries Ltd trades at 16.4× P/E, near the bottom of its own range — cheaper only 5% of the time. Its long-run median P/E is 44.1×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 16.4× is near the bottom of its own range — cheaper only 5% of the time, against a long-run median of 44.1× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved −2.2% against a −33.7% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +8.9%/yr price move, ~+47.7%/yr came from earnings growth and ~−38.8 pp from the multiple (compressing); over 10y, of the +19.0%/yr price move, ~+21.5%/yr came from earnings growth and ~−2.5 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 13 June 2026 price, Associated Alcohols & Breweries Ltd was paying for profit growth of about 10.3% a year. Profit itself has compounded 18.4% a year over the past 20 years. Today the market pays 16.4× P/E, the 5th percentile of its own 11-year range.
What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is below what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Associated Alcohols & Breweries Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE lifting at 18.0% — the per-curve reads carry the story. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −5.1% | — | — | — |
| Profit | +8.6% | — | — | — |
| EPS | −2.2% | — | — | — |
| Share price | −33.7% | +14.7% | +8.9% | +19.0% |
4-Factor Sector Score
41.3/100 — rank 11 of 14 in Alcoholic Beverages · 81% evidence confidence
Associated Alcohols & Breweries Ltd scores 41.3 out of 100 against the 14 companies it is compared with in Alcoholic Beverages, ranking 11. Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
The four contributions add to the total exactly: 8.5 + 14.3 + 14.1 + 4.4 = 41.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Associated Alcohols & Breweries Ltd reported ₹281 Cr of revenue in the Jun 26 quarter, +5.2% year on year. Over 20 years it has compounded at 12.8% a year. The last full year, FY26, came in at ₹1,020 Cr. The last four reported quarters add to ₹1,033 Cr.
FY26 revenue came in at ₹1,020 Cr (−5.1% on the year), capping 20 years at 12.8% compound. The latest quarter (Jun 26) printed ₹281 Cr, +5.2% year on year.
Pace check: the last four quarters averaged −4.3% growth against the decade's 12.8% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −5.3% over the last 4 quarters against +47.2%/yr over the last 8 — rolling over; TTM profit −4.6% vs +78.7%/yr — rolling over.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Associated Alcohols & Breweries Ltd's operating margin is 11.0% in the Jun 26 quarter, −3.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 7 fiscal years the operating margin has ranged 3.6% to 14.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 11.0%, −3.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 3.6%–14.0%, and FY26's 14.0% is the top of that band — a record year.
🚨 Why the margin moved: operating margin went −3.3 pp year on year while gross margin went −2.4 pp — the loss came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Associated Alcohols & Breweries Ltd earned ₹18.0 Cr of net profit in the Jun 26 quarter, −25.0% year on year. Full-year FY26 profit was ₹88.0 Cr. The 20-year compound rate is 18.4%. That is 6.4% of the quarter's revenue. The same quarter a year earlier earned ₹24.0 Cr.
Jun 26 profit was ₹18.0 Cr, −25.0% year on year. On the full year, FY26 printed ₹88.0 Cr (+8.6%), and the 20-year compound rate is 18.4%.
🚨 Why profit moved: revenue contributed +5.2% and the margin −3.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit −4.7% vs revenue −4.3%. Profit and revenue are moving roughly in step.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 96% of Associated Alcohols & Breweries Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹52.0 Cr of operating cash against ₹88.0 Cr of profit. After ₹55.0 Cr of capital spending, ₹−3.0 Cr was left as free cash.
FY26: operating cash of ₹52.0 Cr against reported profit of ₹88.0 Cr, leaving free cash of ₹−3.0 Cr after ₹55.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 96% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 96%: the cash cycle tightened 15 days between FY07 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 1.7× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Associated Alcohols & Breweries Ltd's cash conversion cycle runs 110 days in FY26, down from 125 days in FY07. Capital spending ran ₹71.0 Cr over the last 3 years. At FY26 sales of ₹1,020 Cr each day of that cycle holds about ₹2.8 Cr, so roughly ₹307 Cr sits inside the business at any moment.
FY26: debtors at 15 days, inventory at 125 days — roughly 4.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 110 days, tighter than FY07's 125.
The full loop: cash goes out to suppliers and production on day 0; stock waits 125 days to sell; customers pay about 15 days after that; and suppliers themselves are paid at 30 days — netting out to the 110-day cycle.
In money terms: at FY26 sales of ₹1,020 Cr, each day of the cycle holds about ₹2.8 Cr — so the 110-day loop keeps roughly ₹307 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹71.0 Cr over the last 3 fiscal years against ₹41.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹19.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Associated Alcohols & Breweries Ltd earns a ROCE of 18% in FY26. That is up from a trough of 5% in FY07. Return on invested capital clears the cost of that capital by −0.9 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 8.6% net margin on 1.19× asset turns.
FY26 ROCE is 18%, recovered from a FY07 trough of 5% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 8.6% net margin × 1.19× asset turns × 1.23× balance-sheet leverage ≈ 12.6% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 11.1% − 12.0% = a −0.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Associated Alcohols & Breweries Ltd carries total debt of ₹69.0 Cr against shareholder equity of ₹695 Cr as of Jun 26, a debt-to-equity of 0.10 — effectively unlevered. On the annual view that ratio went from 0.02 in FY22 to 0.10 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Jun 26: total debt of ₹69.0 Cr against shareholder equity of ₹695 Cr — a debt-to-equity of 0.10. On the annual view, debt-to-equity went from 0.02 (FY22) to 0.10 (FY26). The returns on this page are earned, not borrowed.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters added 3.1 points of Associated Alcohols & Breweries Ltd over 8 quarters, the biggest move on the register. That takes promoters to 62.4% of the company. Domestic institutions moved +1.3 points over the same window, to 1.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: +3.1 points over 8 quarters to 62.4%; Domestic institutions: +1.3 points over 8 quarters to 1.3%; Foreign institutions: −0.4 points over 8 quarters to 0.7%.
Why the register moved: promoters drove it (+3.1 points), alongside domestic institutions (+1.3 points) — steady accumulation by institutions reading the same numbers this page reads.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Associated Alcohols & Breweries Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Radico Khaitan LtdRADICO | 78.1/100Favorable setup100% evidence | LEADER | 30.8/35 Revenue 19.3% · PAT 76.4% · OPM change 6 pp 100% evidence | 21.0/25 ROCE 24.2% · OPM 21% 100% evidence | 7.0/20 P/E 82.4× · PEG 1.91 100% evidence | 19.3/20 RS sector 37.9% · RS bench 31.2% · 1Y 56.7%12 of 12 weeks ahead 100% evidence |
| Exact sum: 30.8 + 21 + 7 + 19.3 = 78.1 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Piccadily Agro Industries LtdPICCADIL | 64.8/100Mixed-positive evidence87% evidence | BREAKING OUT | 24.8/35 Revenue 28.5% · PAT 30.6% · OPM change -1 pp 100% evidence | 15.4/25 ROCE 18% · OPM 17% 100% evidence | 12.2/20 P/E 42.2× · PEG 1.38 65% evidence | 12.4/20 RS sector 4.3% · RS bench -0.9% · 1Y 0.3%8 of 10 weeks ahead 70% evidence |
| Exact sum: 24.8 + 15.4 + 12.2 + 12.4 = 64.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3G M Breweries LtdGMBREW | 63.1/100Mixed-positive evidence80% evidence | TURNING | 28.4/35 Revenue 21.3% · PAT 30% · OPM change 4 pp 95% evidence | 15.9/25 ROCE 18% · OPM 23% 95% evidence | 11.0/20 P/E 15.1× · PEG — 15% evidence | 7.8/20 RS sector -0.3% · RS bench -5.7% · 1Y 31.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 28.4 + 15.9 + 11 + 7.8 = 63.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4United Spirits LtdUNITDSPR | 58.9/100Mixed-positive evidence100% evidence | BREAKING OUT | 15.3/35 Revenue 3.1% · PAT 24.4% · OPM change -5 pp 100% evidence | 19.4/25 ROCE 26.4% · OPM 16% 100% evidence | 7.9/20 P/E 54.8× · PEG 3.12 100% evidence | 16.3/20 RS sector 8.2% · RS bench 2.7% · 1Y 6.3%9 of 12 weeks ahead 100% evidence |
| Exact sum: 15.3 + 19.4 + 7.9 + 16.3 = 58.9 · Decision use: Price leads the evidence: RS versus the benchmark is 2.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 5IFB Agro Industries LtdIFBAGRO | 57.3/100Mixed-positive evidence74% evidence | ASLEEP | 27.6/35 Revenue 38.9% · PAT 90.3% · OPM change 1 pp 95% evidence | 11.7/25 ROCE 12.7% · OPM 8% 95% evidence | 11.3/20 P/E 13.9× · PEG — 15% evidence | 6.7/20 RS sector -7% · RS bench -15% · 1Y 12.4%4 of 10 weeks ahead 70% evidence |
| Exact sum: 27.6 + 11.7 + 11.3 + 6.7 = 57.3 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -7% and the one-year return is 12.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 6Globus Spirits LtdGLOBUSSPR | 55.0/100Mixed-positive evidence83% evidence | BASING | 27.4/35 Revenue 7.9% · PAT 100% · OPM change 2 pp 100% evidence | 8.9/25 ROCE 11.2% · OPM 10% 100% evidence | 10.5/20 P/E 26.3× · PEG — 15% evidence | 8.2/20 RS sector -6.5% · RS bench -11.7% · 1Y -22.8%0 of 12 weeks ahead 100% evidence |
| Exact sum: 27.4 + 8.9 + 10.5 + 8.2 = 55 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7India Glycols LtdINDIAGLYCO | 52.8/100Mixed-positive evidence100% evidence | BASING | 21.2/35 Revenue 12% · PAT 29.9% · OPM change 1 pp 100% evidence | 13.3/25 ROCE 12.4% · OPM 15% 100% evidence | 13.3/20 P/E 6.2× · PEG 0.16 100% evidence | 5.0/20 RS sector -62.5% · RS bench 40.2% · 1Y -64.2%2 of 12 weeks ahead 100% evidence |
| Exact sum: 21.2 + 13.3 + 13.3 + 5 = 52.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Tilaknagar Industries LtdTI | 46.8/100Mixed-negative evidence85% evidence | BREAKING OUT | 9.0/35 Revenue 100% · PAT -80% · OPM change -7 pp 100% evidence | 11.4/25 ROCE 11.8% · OPM 16% 80% evidence | 7.3/20 P/E 57.2× · PEG — 50% evidence | 19.1/20 RS sector 20.5% · RS bench 14.3% · 1Y 13.5%5 of 12 weeks ahead 100% evidence |
| Exact sum: 9 + 11.4 + 7.3 + 19.1 = 46.8 · Decision use: Price leads the evidence: RS versus the benchmark is 14.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 9Allied Blenders & Distillers LtdABDL | 45.8/100Mixed-negative evidence93% evidence | ASLEEP | 14.3/35 Revenue 8% · PAT -12.5% · OPM change 0 pp 100% evidence | 14.7/25 ROCE 18.4% · OPM 12% 100% evidence | 4.0/20 P/E 79.3× · PEG 4.13 65% evidence | 12.8/20 RS sector 19.6% · RS bench 13.2% · 1Y 26.3%8 of 12 weeks ahead 100% evidence |
| Exact sum: 14.3 + 14.7 + 4 + 12.8 = 45.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Jagatjit Industries LtdJAGAJITIND | 42.7/100Mixed-negative evidence61% evidence | BREAKING OUT | 20.7/35 Revenue -29.9% · PAT 100% · OPM change 7.4 pp 71% evidence | 4.8/25 ROCE 10.5% · OPM 0.4% 76% evidence | 9.3/20 P/E 60.3× · PEG — 15% evidence | 7.9/20 RS sector -15.4% · RS bench 1% · 1Y -19.7%6 of 11 weeks ahead 70% evidence |
| Exact sum: 20.7 + 4.8 + 9.3 + 7.9 = 42.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Associated Alcohols & Breweries Ltdthis pageASALCBR | 41.3/100Mixed-negative evidence81% evidence | BASING | 8.5/35 Revenue -5.3% · PAT -4.6% · OPM change -3 pp 95% evidence | 14.3/25 ROCE 18% · OPM 11% 95% evidence | 14.1/20 P/E 16.4× · PEG — 50% evidence | 4.4/20 RS sector -20.9% · RS bench -21% · 1Y -32.6%1 of 10 weeks ahead 70% evidence |
| Exact sum: 8.5 + 14.3 + 14.1 + 4.4 = 41.3 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 12Sula Vineyards LtdSULA | 31.9/100Adverse evidence81% evidence | ASLEEP | 7.8/35 Revenue -1.6% · PAT -56.9% · OPM change -2 pp 95% evidence | 10.6/25 ROCE 7.5% · OPM 14.7% 95% evidence | 10.1/20 P/E 44.4× · PEG — 50% evidence | 3.4/20 RS sector -29.5% · RS bench -26.5% · 1Y -45.8%0 of 10 weeks ahead 70% evidence |
| Exact sum: 7.8 + 10.6 + 10.1 + 3.4 = 31.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13United Breweries LtdUBL | 31.2/100Adverse evidence83% evidence | ASLEEP | 8.4/35 Revenue 1.5% · PAT -12.8% · OPM change -2 pp 100% evidence | 8.4/25 ROCE 10.7% · OPM 9% 100% evidence | 8.5/20 P/E 96.1× · PEG — 15% evidence | 5.9/20 RS sector -12.1% · RS bench -16.9% · 1Y -31.2%0 of 12 weeks ahead 100% evidence |
| Exact sum: 8.4 + 8.4 + 8.5 + 5.9 = 31.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Som Distilleries & Breweries LtdSDBL | 22.5/100Adverse evidence77% evidence | BASING | 3.1/35 Revenue -33.5% · PAT -80% · OPM change -7.7 pp 95% evidence | 3.3/25 ROCE 5.7% · OPM 5.6% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 6.1/20 RS sector -17.7% · RS bench -22.8% · 1Y -48.5%0 of 12 weeks ahead 100% evidence |
| Exact sum: 3.1 + 3.3 + 10 + 6.1 = 22.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Associated Alcohols & Breweries Ltd's share price today?
Associated Alcohols & Breweries Ltd trades at ₹678, −33.7% over the past year. The company is valued at ₹1,359 Cr. The stock sits at the very bottom of its 52-week range (₹678–₹1,217), −19.0% versus its 200-day average. On the tape, the price is in a downtrend, 52 weeks in. — as of 11 September 2026.
What were Associated Alcohols & Breweries Ltd's latest quarterly results?
Associated Alcohols & Breweries Ltd reported revenue of ₹281 Cr and net profit of ₹18.0 Cr for the Jun 26 quarter. Revenue rose 5.2% and profit fell 25.0% year on year. Earnings per share were ₹8.88. The operating margin was 11.0%, 3.0 pp lower than a year earlier. — as of 11 September 2026.
What is Associated Alcohols & Breweries Ltd's revenue?
Associated Alcohols & Breweries Ltd reported revenue of ₹281 Cr in the Jun 26 quarter, +5.2% year on year. For the full FY26 fiscal year, revenue was ₹1,020 Cr (−5.1%). Over the last 20 years revenue compounded at 12.8% a year. — as of 11 September 2026.
What is Associated Alcohols & Breweries Ltd's profit?
Associated Alcohols & Breweries Ltd earned ₹18.0 Cr of net profit in the Jun 26 quarter, −25.0% year on year. Full-year FY26 profit was ₹88.0 Cr. The operating margin ran 11.0% in the latest quarter. — as of 11 September 2026.
What is Associated Alcohols & Breweries Ltd's market cap?
Associated Alcohols & Breweries Ltd's market capitalisation is ₹1,359 Cr at a share price of ₹678. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Associated Alcohols & Breweries Ltd's P/E ratio?
Associated Alcohols & Breweries Ltd trades at a P/E of 16.4×, at the 5th percentile of its own 11-year range, against a long-run median of 44.1×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Associated Alcohols & Breweries Ltd pay a dividend?
Yes — Associated Alcohols & Breweries Ltd's dividend payout was 5% of profit in FY26, and it recorded a payout in 4 of its last 7 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Associated Alcohols & Breweries Ltd overvalued?
On its own history, Associated Alcohols & Breweries Ltd looks cheap: its P/E of 16.4× has been cheaper only 5% of the time in 11 years (long-run median 44.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 11 September 2026.
Is Associated Alcohols & Breweries Ltd growing?
Not right now — Associated Alcohols & Breweries Ltd's latest numbers are shrinking: latest-quarter revenue +5.2% year on year, profit −25.0%, and the margin −3.0 pp at 11.0%. The 20-year compound rates are 12.8% (revenue) and 18.4% (profit). The earnings engine currently reads: deteriorating — as of 11 September 2026.
How is Associated Alcohols & Breweries Ltd performing?
Associated Alcohols & Breweries Ltd is in a downtrend, 52 weeks in. Its latest quarter's revenue rose 5.2% and profit fell 25.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 14 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Associated Alcohols & Breweries Ltd in?
Mixed — no clean majority across the growth curves, ROCE lifting at 18.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth −5.3% latest, profit growth −4.6% latest, eps growth −12.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Associated Alcohols & Breweries Ltd in an uptrend?
No — the price is in a downtrend (week 52 of stage 4), trading −19.0% versus its 200-day average and at the very bottom of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Associated Alcohols & Breweries Ltd beating the market?
Not lately — on a trailing-13-week view Associated Alcohols & Breweries Ltd is currently behind the NIFTY 500 (14 weeks and counting; last ahead the week of 2026-06-19), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +611% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.
Will Associated Alcohols & Breweries Ltd's share price go up?
This page publishes no price forecast for Associated Alcohols & Breweries Ltd. What it measures instead: the share price is ₹678, the price is in a downtrend 52 weeks in. Its P/E of 16.4× sits at the 5th percentile of its own 11-year range. — as of 11 September 2026.
Who owns Associated Alcohols & Breweries Ltd?
Promoters hold 62.4% of Associated Alcohols & Breweries Ltd, foreign institutions 0.7%, domestic institutions 1.3% and the public 35.7% (latest quarter). The biggest move on the register over the last two years: Promoters added 3.1 points over 8 quarters. — as of 11 September 2026.
Does Associated Alcohols & Breweries Ltd have too much debt?
No — Associated Alcohols & Breweries Ltd's debt-to-equity is 0.10, and operating profit covers the interest bill 24×. FY26 borrowings were ₹69.0 Cr against equity of ₹695 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.
What is Associated Alcohols & Breweries Ltd's capex?
Associated Alcohols & Breweries Ltd spent ₹71.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹55.0 Cr, with ₹19.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Associated Alcohols & Breweries Ltd's cash flow?
Associated Alcohols & Breweries Ltd generated ₹52.0 Cr of operating cash flow in FY26 and ₹−3.0 Cr of free cash flow after ₹55.0 Cr of capital spending. Reported profit that year was ₹88.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Associated Alcohols & Breweries Ltd's profit real cash?
Yes — over the last 3 fiscal years, 96% of Associated Alcohols & Breweries Ltd's reported profit arrived as operating cash. Though the latest year ran at 59% — the trend is the thing to watch. In FY26, operating cash was ₹52.0 Cr against reported profit of ₹88.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Associated Alcohols & Breweries Ltd in its business cycle?
Associated Alcohols & Breweries Ltd's FY26 operating margin was 14.0%, against a 7-year band of 3.6%–14.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 11.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Associated Alcohols & Breweries Ltd's price assume?
At its price on 13 June 2026, Associated Alcohols & Breweries Ltd was priced for profit growth of about 10.3% a year. Profit itself has compounded 18.4% a year over the past 20 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Associated Alcohols & Breweries Ltd story?
The sharpest disagreement: annual EPS moved −2.2% against a −33.7% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Associated Alcohols & Breweries Ltd a stock worth studying right now?
This is not investment advice. The machine read: Associated Alcohols & Breweries Ltd is cheap for a reason. The P/E sits at the 5th percentile of its own range, and the quarters are still getting worse. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!