Associated Coaters Limited
BSE: ASSOCIATED · Other Industrial Products
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Snapshot
Unlock Associated Coaters Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Associated Alcohols and Breweries Limited is an integrated manufacturer of alcoholic beverages, specialising in Extra Neutral Alcohol, rectified spirits, and potable alcohols. The company operates a large-scale distillery in Madhya Pradesh and serves both proprietary labels and international brands through franchise bottling.
Business Model
The company generates revenue through the manufacturing and bottling of spirits, acting as a key partner for global players like Diageo and United Spirits. It operates across the value chain, balancing its own proprietary labels with contract manufacturing and franchise bottling operations.
Management Commentary
Management focuses on expanding production capacity and enhancing the premium product portfolio to align with shifting domestic consumer preferences. The company leverages its long-standing partnerships with global spirits leaders to maintain its market position.
Growth Outlook
Growth is driven by the ongoing expansion of distillery capacity and a strategic shift towards premiumisation within the Indian Made Foreign Liquor segment. The company aims to capture evolving demand in the domestic market through its integrated manufacturing capabilities.
Key Risks
- Regulatory and Policy Risk. The alcoholic beverage industry is subject to stringent state-level regulations, excise duties, and licensing policies that can significantly impact operational costs and profitability.
- Raw Material Price Volatility. Fluctuations in the prices of key agricultural inputs, such as grains and molasses, directly affect the production costs of alcohol.
- Concentration Risk. Heavy reliance on a few global partners for contract manufacturing creates vulnerability to changes in their strategic sourcing or market performance.
- Health and Social Policy. Increasing public health awareness and potential government initiatives to curb alcohol consumption could adversely affect long-term demand.
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Peers · Other Industrial Products
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Associated Coaters LimitedASSOCIATED | ₹15 Cr | — | — | — | 19.7% | — | — | +21.3% |
Mallcom (India)MALLCOM | ₹624 Cr | 23.32 | 12.96 | 3.9% | 10.9% | 8.7% | 13.8% | -20.6% |
Simplex CastingsSIMPLEXCAS | ₹439 Cr | 3.74 | 12.27 | 18.0% | 19.6% | 30.0% | 33.7% | -70.7% |
Sealmatic IndiaSEALMATIC | ₹435 Cr | — | — | — | 15.0% | — | — | -20.8% |
United HeatUHTL | ₹273 Cr | — | — | — | 14.3% | — | — | +96.7% |
Indian Link Chain Mnfrs. Ltd.INLCM | ₹102 Cr | — | — | — | -700.0% | 6.6% | 5.2% | -70.9% |
As of Mar 2026
Financials
Associated Coaters Limited
BSE: ASSOCIATED · Other Industrial Products
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Associated Coaters Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Associated Alcohols and Breweries Limited is an integrated manufacturer of alcoholic beverages, specialising in Extra Neutral Alcohol, rectified spirits, and potable alcohols. The company operates a large-scale distillery in Madhya Pradesh and serves both proprietary labels and international brands through franchise bottling.
Business Model
The company generates revenue through the manufacturing and bottling of spirits, acting as a key partner for global players like Diageo and United Spirits. It operates across the value chain, balancing its own proprietary labels with contract manufacturing and franchise bottling operations.
Management Commentary
Management focuses on expanding production capacity and enhancing the premium product portfolio to align with shifting domestic consumer preferences. The company leverages its long-standing partnerships with global spirits leaders to maintain its market position.
Growth Outlook
Growth is driven by the ongoing expansion of distillery capacity and a strategic shift towards premiumisation within the Indian Made Foreign Liquor segment. The company aims to capture evolving demand in the domestic market through its integrated manufacturing capabilities.
Key Risks
- Regulatory and Policy Risk. The alcoholic beverage industry is subject to stringent state-level regulations, excise duties, and licensing policies that can significantly impact operational costs and profitability.
- Raw Material Price Volatility. Fluctuations in the prices of key agricultural inputs, such as grains and molasses, directly affect the production costs of alcohol.
- Concentration Risk. Heavy reliance on a few global partners for contract manufacturing creates vulnerability to changes in their strategic sourcing or market performance.
- Health and Social Policy. Increasing public health awareness and potential government initiatives to curb alcohol consumption could adversely affect long-term demand.
Start your research today
Unlock AI insights, financials, peers and live data on Associated Coaters Limited and 5,000+ companies — free.
Peers · Other Industrial Products
As of Mar 2026