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Associated Alcohols & Breweries share price & results

Associated Alcohols & Breweries Ltd.· Fast Moving Consumer Goods

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Madhya Pradesh-based integrated liquor maker producing IMFL, IMIL, ENA and grain ethanol from one plant.

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Inve AI Signals on ASALCBR
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Guidance Hit Rate
22 targets · 71% hit rate 5 achieved · 15 active →
Segment Shift
2 segments tracked See revenue & margin mix below →
Reverse DCF
Reality Gap Ready Test priced-in growth in DCF tool →
Concall & Tone
Q1 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹556.75 +3.57% · +₹19.2

Last close 2 Nov 2026 · NSE · INR · Source: Inve

Performance −54.4% 1Y

₹0.6k₹0.8k₹1.0k₹1.2kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 5 Feb 2026Q4 FY26 — 20 May 2026Q1 FY27 — 27 Jul 2026

1Y: ₹1,220.2 on 31 Oct 2025 → ₹556.75. High ₹1,220.2 (31 Oct 2025), low ₹537.55 (30 Oct 2026).

Previous close
₹537.55
Market cap
₹1.1k Cr
52-week range
₹537.55 – ₹1,212.8
One year
−54.09%
Price to earnings (TTM to Jun 2026)
13.47×
Return on equity (TTM to Jun 2026)
13.66%

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue281 ₹ crore+5.2% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin11.0 %−3.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit18.0 ₹ crore−25.0% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity13.66 %−1.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin0.00 %+1.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-5.32 %−45.0 ptsFY Mar 2026 vs FY Mar 2015Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Business Mix

Where revenue comes from

2 operating segments · As of 30 Jun 2026

Potable Alcohols Divison 74.7% · ₹219.16 Cr
Ethanol Division 25.3% · ₹74.38 Cr

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

5 of 7 judged targets kept · 15 open · verdicts reflect calls analysed to Q1 FY27.

Associated Alcohols & Breweries Ltd. management guidance track record on Inve: 22 targets tracked across analysed earnings calls (5 achieved, 2 missed, 15 open).

Watch execution in Growth & Demand (1 achieved · 1 delayed/missed) · Products & Launches (1 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Products Premium Brandy LaunchQ2 FY26
Call transcript, Q4 FY25 · 28 Apr 2025		Q4 FY25Q1 FY27:Brandy launch not mentioned in Q1 FY27 call, despite previous joint timeline with Tequila for H1 FY27.
Call transcript, Q1 FY27 · 27 Jul 2026		Ghosted
Growth Overall Revenue Growth10%+
Call transcript, Q4 FY26 · 20 May 2026		Q4 FY26Q1 FY27:Q1 FY27 revenue grew 5% YoY, below the full-year target of 10%+.
Call transcript, Q1 FY27 · 27 Jul 2026		At Risk
Growth Overall Top Line GrowthDouble-digit
Call transcript, Q4 FY25 · 28 Apr 2025		Q4 FY25Q4 FY26:FY26 top-line remained flattish, in line with revised guidance
Call transcript, Q4 FY26 · 20 May 2026		Achieved*

Source: Inve Guidance Tracker for Associated Alcohols & Breweries Ltd. · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Associated Alcohols & Breweries Ltd.'s 22 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 19 more targets are in the full ledger.

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See the full record

Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Counterparties named by Associated Alcohols & Breweries Ltd.

  • Associated Alcohols & Breweries Ltd. acquires or invests in SDF Industries.

    Q1 FY27 · closed · positive

    Strengthen bottling capabilities, enhance operational efficiency, single central facility in Kerala

    “Tushar Bhandari: "SDF gave us a single central located in-house facility strategically placed in Central Kerala, equidistant from major airports and consuming centre. We believe this acquisition will further strengthen our footing in the state."”

  • Associated Alcohols & Breweries Ltd. acquires or invests in SDF Industries Limited.

    Q4 FY26 · closed · positive

    Enhance operational efficiencies, strengthen in-house bottling capabilities, and reinforce market presence in Kerala.

    Disclosed value: INR 30 crores

    “Further, to fortify our presence in the state of Kerala on 16th April 2026, we had announced the acquisition of SDF Industries Limited, a distillery-cum-bottling unit.”

  • Associated Alcohols & Breweries Ltd. acquires or invests in SDF Industries.

    Q3 FY26 · announced · positive

    Acquisition with SDF Industries

    “Regarding SDF Industries, when do you think it can be closed --the matter will be closed? So, the matter is still with the NCLT. So as soon as the NCLT gives the nod, we have submitted our bid. We have not got an approval.”

  • Associated Alcohols & Breweries Ltd. acquires or invests in Land in Uttar Pradesh.

    Q3 FY26 · closed · positive

    Expand presence in key states, need 2-3 more distilleries across India

    “And apart from that, we are also looking out in a couple of 1 or 2 states. In UP, we have already acquired land.”

  • Associated Alcohols & Breweries Ltd. acquires or invests in NCLT unit in Kerala.

    Q3 FY26 · announced · positive

    Expand presence in key states

    “So recently, we came across an opportunity of acquiring a unit through NCLT route in Kerala market, which we have already applied for and that is going on. So if we get that unit, so that will be an acquisition.”

Sector context: matching headwinds

Sector context does not establish a business relationship with Associated Alcohols & Breweries Ltd.. Each comparison matches a headwind disclosed by Associated Alcohols & Breweries Ltd. in the same calendar reporting quarter.

  • raw material costs · Q1 FY27

    Associated Alcohols & Breweries Ltd. reported: Rising grain prices are a major concern, impacting raw material costs and overall margins, though recent rains might help.

    Reporting period ended 2026-06-30

    42 other companies · raw material cost

    Hindustan Unilever Limited (HINDUNILVR) reported (period ended 2026-06-30): Inflation in crude-linked derivatives and palm oil continues to impact segments like Home Care and Soaps.

    Nestle India Limited (NESTLEIND) reported (period ended 2026-06-30): Concerns were raised about increasing costs for energy, packaging, oil, shipping disruptions, and currency volatility, with management implementing BCPs.

    Varun Beverages Limited (VBL) reported (period ended 2026-06-30): Inflationary raw material environment affected by West Asia crisis, managed by averaging costs.

    Britannia Industries Limited (BRITANNIA) reported (period ended 2026-06-30): Uncertainty regarding El Nino and rainfall could impact flour and wheat prices in the coming season.

Mentions over time

Recorded disclosures by calendar reporting quarter
PeriodOther callsOwn calls
Q2 202601
Q1 202601
Q4 202503

Counts reflect the calls covered here. No mention in a period does not establish that a relationship ended.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

ASALCBR ₹556.75 +3.57%
Guidance Verdict (22 tracked) 5 kept · 15 open· 2 missed
AI Call Brief · Q1 FY27

Associated Alcohols & Breweries Ltd. Q1 FY27

Overview

Symbol
NSE:ASALCBR
Exchange
NSE
Currency
INR

What Associated Alcohols & Breweries Ltd. does

Based on the company's own presentations, annual report and earnings calls.

Associated Alcohols & Breweries, established in 1989, manufactures alcoholic beverages across the full liquor value chain from a single vertically integrated facility at Khodigram (Barwaha), Madhya Pradesh. It processes grains such as rice, maize, jowar and barley into Extra Neutral Alcohol (ENA) and grain-based ethanol, which feed its own IMFL (Indian Made Foreign Liquor) and IMIL (Indian Made Indian Liquor) bottling lines as well as third-party sales. It earns through several channels: its own proprietary IMFL brands, licensed IMFL brands, contract/franchise bottling for players including United Spirits (Diageo) and Inbrew, bulk ENA sales to other liquor makers and bottlers, and ethanol sales to oil marketing companies and private buyers. A captive malt plant supports in-house whisky (including an upcoming single malt) and captive power generation supports the site's energy needs.

Segments

  • IMFL Proprietary
  • IMFL Licensed
  • IMIL
  • Merchant ENA
  • Ethanol
Manufacturing model
Single-location, vertically integrated facility at Khodigram (Barwaha), Madhya Pradesh, covering ENA, ethanol, malt and bottling on one site
Bottling lines
41 bottling lines with combined annual capacity of 16 million cases
ENA manufacturing capacity
Licensed capacity of 180 million litres per annum (MLPA); installed capacity of 160 KLPD
Ethanol manufacturing capacity
130 KLPD installed capacity
Malt plant capacity
6,000 litres per day (LPD)
Proprietary brand portfolio
16 proprietary brands spanning economy to prestige & above, across whisky, vodka, gin, brandy, rum and RTD
Founded 1989Headquarters Indore, Madhya Pradesh, IndiaEmployees 1,350 (FY2024-25) Company website

How the price took the results

Moved an average of ±2.8% across the last 4 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q1 FY2727 Jul 26281 18+5.2%₹821.45 → ₹791.7−3.6%
Q4 FY2620 May 26238 24−1.7%₹803.1 → ₹817.8+1.8%
Q3 FY265 Feb 26260 27−20.5%₹891.1 → ₹857.85−3.7%
Q2 FY2611 Nov 25254 14−0.4%₹992.4 → ₹1,011.9+2.0%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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Quick Answers

Frequently asked questions on Associated Alcohols & Breweries Ltd.

Compiled directly from ASALCBR's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Associated Alcohols & Breweries Ltd. (ASALCBR) perform in its latest reported quarter (Jun 2026)?

For the quarter ended Jun 2026, Associated Alcohols & Breweries Ltd. reported revenue of ₹281 Cr, net profit of ₹18 Cr, an operating margin of 11.0%. Diluted earnings per share stood at ₹8.88.

How is Associated Alcohols & Breweries Ltd. (ASALCBR) valued today, and what growth does the stock price imply?

Associated Alcohols & Breweries Ltd. (ASALCBR) trades at ₹556.75, with a market capitalization of ₹1.1k Cr. Reverse-DCF analysis shows the current stock price implies 5.4% annual earnings growth over the next 7 years compared with its historical net-profit CAGR of 28.4%.

Who owns Associated Alcohols & Breweries Ltd. (ASALCBR) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 62.4%, FIIs hold 1.0%, DIIs hold 1.4%, Public shareholders hold 35.3%.

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