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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Associated Alcohols & Breweries Limited is an India-based company, which is engaged in the manufacturing of liquor. The Company is primarily engaged in the business of manufacturing and selling extra neutral alcohol (ENA), Indian Made Indian Liquor (IMIL) (Country Liquor),…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, fast-growing business, trading cheap versus its own history.
Asso Alcohols & Brew is scored on the consumer / fmcg framework. It keeps a slim 8.6% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.59×) — worth a closer look. Free cash flow is worth about -3.2% of its market value.
Over the last 3 years revenue compounded at 68%/yr and profit at 147%/yr. Book value itself has compounded 129%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 12.7%. In the latest quarter profit fell 24% versus the prior quarter.
At 12× earnings, the stock sits at the 1st percentile of its own 5.2-year range — the cheap end of where it has historically traded. Today's price asks for only ~4%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 13.58 | 21.13 | better |
| P/B | 1.62 | 5.25 | better |
| EV/EBITDA | 8.48 | 32.92 | better |
| ROE | 12.73 | 8.84 | better |
| ROCE | 16.31 | 9.08 | better |
| ROA | 9.66 | 2.45 | better |
| Quick Ratio | 1.33 | 1.01 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| United Spirits | 55.7 | 11.4 | 20.4% |
| Radico Khaitan | 76.1 | 16.5 | 21.7% |
| United Breweries | 65.0 | 6.9 | 10.6% |
Revenue declined 5% in the latest year — a break from prior trajectory. Negative CAGR — the top line has shrunk over this window.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (9% vs -5%) — margin expansion is at work.
Operating margins have been stable around 12% — no major structural shift.
ROE at 13% — a respectable return on shareholder capital.
Profit grew faster than EPS (9% vs 5%) — share dilution is eroding per-share value. 5% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Investing outflows exceed operating cash — the company relies on external funding to finance expansion. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 18% sequentially — momentum is building.
Profit fell 24% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 5.2y median.
Promoter holding at 62.4% — majority control intact. Promoters added 1.1pp over 4 quarters — creeping acquisition signals conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.