Moneycontrol PRO

Associated Alcohols – Worth taking a sip

Despite a clean balance sheet and an exciting growth potential, Associated Alcohols is trading at relatively inexpensive valuations of 11 times FY22 earnings

March 10, 2021 / 06:03 PM IST
Associated Alcohols – Worth taking a sip

Representative image

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Liquor contract manufacturer Associated Alcohols & Breweries (AABL) has delivered impressive results in Q3 FY21 on the back of improved demand conditions. Earnings are poised for growth following a recovery in domestic economic activity and an uptick in consumer sentiment. Results snapshot AABL’s impressive performance was driven by a healthy performance across all its business verticals. Benign raw material prices and control on discretionary spends aided the margin profile in the quarter gone by. (image) On a segmental basis, the Merchant ENA...

  • PRO Panorama

    Moneycontrol Pro Panorama | Indian stocks sitting pretty, but Asia feels the China chill

    Nov 28, 2022 / 03:31 PM IST

    In today’s edition of Moneycontrol Pro Panorama: It's advantage India amid China-Australia trade faceoff, small insurers accorded space to grow, shift in energy balance has to be fair, migrant footballers add spark to FIFA World Cup, and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Outrunning the bear

    Nov 5, 2022 / 01:07 PM IST

    As the economies try their best to ward off a hard landing, India comes out as an outlier. It’s a classic case of just staying the course amid difficult times

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers