Associated Alcohols & Breweries Ltd.

Beverages: Alcoholic/ NSE

Compiled

Auto-generated from filings and public channels — no analyst dossier.

If management delivers what it guided

arithmetic on filed guidance and past valuations · not a price target

ASALCBR

FY26 → FY29 · 3 years of guidance · ~2.7 years from today₹763 today

BEAR

₹910

+19%+7% a yr

14% a year · 13.9x exit

BASE

₹1,345

+76%+24% a yr

24.2% a year · 15.9x exit

BULL

₹2,377

+211%+53% a yr

32.9% a year · 23x exit

Where the market has priced it

6x17x today31x

the guided figure reached earnings through a low-confidence bridge
FY27 one quarter filed — the pace is shown, not judged: guided +25.0%, filed +5.2% across 1 quarter(s)
the range is unusually wide — read it as the span of management's own claim, not as a forecast
this company's own median multiple sits 37% below its filed-industry peers; the scenario uses its own

How these numbers are produced

Earnings base	FY26 fiscal year EPS ₹44.07 (screener)
Guided growth	24.2% a year, said on the call of 23-May-2026 · transcript
Read across as	operating: unlabelled growth figure, read as revenue — low confidence
Delivery calibration	0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings
Exit multiple	13.94x / 15.92x / 23x, this company’s own p20 / median / p80 across 7 filed years
Filed-industry peers	median 25.32x across 5 peers — the cross-check, not the input
Arithmetic	base EPS × (1 + guided growth × delivery)³ × exit multiple

Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.

How to read this

It answers one question. If this management delivers the growth it told its own investors it would, and the market pays what it has historically paid for this company's earnings, where does the arithmetic land? Nothing here is a forecast of the share price.
Three cases, two moving parts. Bear, base and bull vary the delivery — what fraction of guidance managements actually file — and the exit multiple together, because a company that misses its guidance is usually de-rated for missing it. Each case shows the growth rate and the multiple that produced it.
Read the width, not just the middle. A wide gap between bear and bull means the inputs are uncertain, not that the upside is bigger. A narrow range is a more confident statement than a high one.
“Where the market has priced it” puts today's P/E on the company's own historical range. Sitting far below that range is why a scenario can look enormous: the number is then mostly about re-rating, not about delivery, and the board marks those separately.
The bullets underneath are the caveats — a borrowed peer multiple, a thin filed history, an earnings base that carried a one-off. They are the reasons to trust the number less, listed rather than buried.

Not a price target, not a recommendation, and not a forecast of what the stock will do. The field guide covers the method.

What management said

from NSE earnings-call filings · extracted, not interpreted

generic growth 25%

Tushar Bhandari: Our main focus area and our driver would be our own IMFL proprietary brands, so which we expect to continue to grow at around 25% to 30%.

Call 23-May-2026 · bridge confidence low · transcript PDF

Pace against its own guidance

FY27 one quarter filed — the pace is shown, not judged

guided 25.0% filed 5.2% 1 of 4 quarters

Coverage

SectorBeverages: Alcoholic

Dossiersnone

Guidanceyes

Scenarioyes

Street chatter

unverified · logged from public channels

ASSOCIATED ALCOHOLS: Gets NCLT approval to acquire SDF Industries for ₹30.85 Cr in Kerala.

Regulatory23 Apr 13:29

Century Plyboards (India), Colgate Palmolive (India), DAM Capital Advisors, Eicher Motors, EIH Associated Hotels, Ellenbarrie Industrial Gases, Electronics Mart India, Hindalco Industries, Indigo Paints, Jubilant Pharmova, Maharashtra Seamless, Minda Corporation, Info Edge (India), The Ramco Cements, Shilpa Medicare, Star Cement, Sun Ph

Mention only22 May 01:44

ASSOCIATED ALCOHOL: Gets NCLT nod to acquire SDF Industries for ₹30.85 crore, strengthening Kerala presence.

Regulatory22 Apr 13:29

ASSOCIATED ALCOHOLS: FSSAI STOPS SALE OF ONE WHISKY & RUM BRAND ⚠️🥃

Mention only30 Jul 15:49