Associated Alcohol & Breweries ltd | Q4 & FY-21 Business Updates | Stock Market

 

     Associated Alcohol & Breweries ltd       

            Q4 & FY21 Business Updates

Company overview - 

• Associated Alcohols and Breweries Ltd. (AABL) was founded by the late Shri Bhagwati Prasad Kedia in 1989.

• It is run today under the stewardship of his two sons, Mr. Anand Kedia and Mr. Prasann Kedia.

• AABL is one of the largest distillers in India with a state-of-the-art integrated alcoholic beverages manufacturing facility located in Central India near Indore, Madhya Pradesh.

• The company manufactures premium Extra Neutral Alcohol (ENA)/triple distilled/rectified spirit, IMIL and IMFL.

• AABL has diversified business segments, from manufacturing and supply of ENA to contract manufacturing for Diageo-USL, to manufacturing and marketing of licensed brands, as well as IMIL and 6 IMFL brands.

Q4-FY21 Quarterly Result - 

Q4-FY21 Financial Performance - 

Q4-FY21 Segmental Highlights - 

1. Merchant ENA - 

2. IMIL - 

3. IMFL Proprietary - 

4. IMFL Licensed Brand - 

Q4-FY21 Operational Highlights And Outlook - 

• In spite of sluggish demand environment due to seasonal and ongoing pandemic issues, the company was able to broadly match the sales on a YoY basis in Q4-Y21.

• There has been significant improvement to the bottom line due to cost control measures and better price realisations.

• In spite of weak Q1-FY21 due to complete lockdown, the company was able to have its most profitable performance in

FY21 driven by cost control measures and supporting price realisations during the year.

• Focus on driving cost control measures as well as managing working capital efficiently remains of utmost priority in the coming financial year, while also driving sales growth.

• Update on the Capex: The company has finalized procurement of critical equipment with Praj Industries Ltd, while other vendor agreements are also under finalization stages, and civil work has already begun at the site.

FY-21 Annual Result - 

FY-21 Financial Performance - 

FY21 Segmental Highlights - 

1. Merchant ENA - 

2. IMIL - 

3. IMFL Proprietary - 

4. IMFL Licensed Brand - 

FY-21 Balance Sheet - 

Key FY-21 Financial numbers - 

1. Revenue - 4532 million inr

2. EBITDA - 895 million inr

3. EBITDA Margin(%) - 20%

4. ROCE - 31

5. ROE - 23

6. Debt to equity =  -0.28

7. Profit - 580 million inr

8. Profit Margin - 13%

9. Capacity Utilisation(%) - 80%

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