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 | Markets fret at growth risks, but is bearishness overdone?

    May 18, 2022 / 05:21 PM IST

    In today’s edition of Moneycontrol Pro Panorama: IIFL Wealth makes a point, luggage makers stock it up, real estate and Metaverse and much more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Losing faith

    May 7, 2022 / 10:05 AM IST

    Central banks have a trust problem with financial markets over their ability to steer economies towards a soft landing

    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