Associated Alcohols & Breweries share price today

Associated Alcohols & Breweries Ltd's share price was ₹571.50 at the close on 4 November 2026. It has been falling for 59 weeks. That is 25.9% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 22 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Associated Alcohols & Breweries Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹537 and ₹1,170, and at that close it sat 6% of the way up from that low.

Over the last 11 years the share price moved +500% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue grew again in the June 2026 quarter, profit fell in the June 2026 quarter and indian funds and insurers (DIIs) raised their stake for 3 quarters in a row.

1. Revenue grew again in the June 2026 quarter

   Revenue was ₹281 crore, +5.2% on a year earlier (₹267 crore), after 3 quarters of decline.

   Why: Revenue grew because the company sold much more of its own IMFL brands, led by the CP series.

   From the earnings call on 27 Jul 2026.

2. Profit fell in the June 2026 quarter

   Profit was ₹18 crore, -25% on a year earlier (₹24 crore), after 2 quarters of growth.

   Why: Profit fell because ethanol prices were weak, which pulled down the company's overall margin.

   Next results: check the October ethanol tender and quota allocation, since management expects prices to move toward the Rs 57 to Rs 60 per liter break-even range.

   From the earnings call on 27 Jul 2026.

3. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 0% to 1.4% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Associated Alcohols & Breweries reported revenue of ₹281 crore, up 5.2% from ₹267 crore a year earlier, and a profit of ₹18.0 crore, down 25.0% from ₹24.0 crore.

Associated Alcohols & Breweries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Associated Alcohols & Breweries' management discussed these results on a call held on 27 July 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Associated Alcohols & Breweries closed at ₹571.50 on 4 November 2026, down 51.1% from ₹1,169.80 a year earlier (7 November 2025) and down 3.2% over five years. Its highest weekly close since March 2016 was ₹1,427.20 on 21 March 2025.

Associated Alcohols & Breweries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Associated Alcohols & Breweries closed at ₹571.50, up 6.5% on the week and down 7.0% on the month. 9 Sep 2026: ex-date for a dividend of ₹2 a share.

Earlier

• 27 Jul 2026: Associated Alcohols & Breweries held its results call for April to June 2026. Management guided: IMFL proprietary volume growth around 30.0% in FY27; one or two proprietary brands reaching million-case scale within 2-3 years.
• Results for April to June 2026: Revenue up 5.2% and profit down 25.0% on a year earlier.

Associated Alcohols & Breweries paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.35% at the ₹571.50 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 9 September 2026.

Associated Alcohols & Breweries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Associated Alcohols & Breweries Ltd paid out 5% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 7 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 27 July 2026, Associated Alcohols & Breweries' management guided: IMFL proprietary volume growth around 30.0% in FY27; one or two proprietary brands reaching million-case scale within 2-3 years.

“For FY27, we remain confident in delivering around 30.0% volume growth in our IMFL proprietary portfolio, while continuing to improve our product mix and create long-term value for stakeholders.”Tushar Bhandari, Whole-time Director, on the call for April to June 2026

What management guided

• Tequila and premium brandy launches in Q2; tequila planned before Diwali across 7-8 states, initially Madhya Pradesh, with brandy in Kerala.
• RTD registration across 8 additional states; full effect expected after registration in 10-12 states from April 1, 2026 and 3.0-4.0% share in entered states; RTD market growth expected at 15.0-17.0%.
• SDF expected to be operational by December 2026.5-4.0 lakh cases per month capacity.
• Ethanol revenue expected to remain similar to last year at maximum capacity; higher quota and better realization expected after October tenders and direct private OMC participation; break-even estimated at ₹57 to ₹60 per liter.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 27 July 2026.

When Associated Alcohols & Breweries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: October ethanol tender and quota allocation: realization should improve toward the ₹57 to ₹60 per liter break-even range, supported by direct private OMC participation.

Associated Alcohols & Breweries is on one of our India lists: 52 week high & low.

Associated Alcohols & Breweries Ltd earned ₹18.0 Cr of net profit in the Jun 2026 quarter, −25.0% on the same quarter a year earlier. Full-year FY26 profit was ₹88.0 Cr. Over 20 years profit has grown 18.4% a year on average. That is 6.4% of the quarter's revenue. The same quarter a year earlier earned ₹24.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹88.0 Cr (+8.6% on the year before).

Why profit moved: revenue changed +5.2% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −4.7% and revenue −4.3%. Profit and revenue are moving at about the same pace.

Associated Alcohols & Breweries Ltd reported ₹281 Cr of revenue in the Jun 2026 quarter, +5.2% on the same quarter a year earlier. Over 20 years it has grown 12.8% a year on average. The last full year, FY26, came in at ₹1,020 Cr. The last four reported quarters add to ₹1,033 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,020 Cr, −5.1% on the year before.

Recent pace: the last four quarters grew −4.3% on average, against 12.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −5.3%, against +47.2% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −4.6%, against +78.7% a year (rolling over).

Associated Alcohols & Breweries Ltd's operating margin was 11.0% in the Jun 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 7 years it has been between 3.6% and 14.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.3 percentage points on the year while gross margin changed −2.4 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 96% of Associated Alcohols & Breweries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹52.0 Cr of operating cash against ₹88.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹55.0 Cr of spending on assets, free cash was −₹3.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 96% of profit came in as cash: the cash cycle got 15 days shorter between FY07 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building.

Associated Alcohols & Breweries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 110 days in FY26, down from 125 days in FY07. It spent ₹71.0 Cr on assets over the last 3 years. Customers take 15 days to pay, and stock sits for 125 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,020 Cr, each day of that cycle ties up about ₹2.8 Cr, so roughly ₹307 Cr is tied up in the business at any time.

FY26: customers took 15 days to pay and stock sat for 125 days, about 4.1 months of sales sitting as stock, for a full cycle of 110 days, shorter than FY07's 125.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 125 days. Customers pay about 15 days after that. Suppliers are paid at 30 days. Together that makes the 110-day cycle.

Spending on assets: ₹71.0 Cr over the last 3 years, against ₹41.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹19.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Associated Alcohols & Breweries Ltd's P/E is 13.9×, near the low end of its own history: it has been lower only 11% of the time. Its usual P/E (the middle reading) is 19.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹42.34.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved −2.2% while the price moved −51.1%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 10 years the price moved +17.7% a year; about +21.2% a year came from earnings growth and about −3.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Associated Alcohols & Breweries Ltd's business is slowing from a peak. Revenue, profit and EPS growth have slowed sharply (revenue growth from +203.3% at its peak to −5.3% now), while ROCE is still 18.0%. This is based on 9 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.