Associated Alcohols & Breweries Ltd. benchmarking: Perfomance to industry peers

Financial

	Assoc Alcohols &Brew	IFB Agro Inds	Sula Vineyards
Operational Metrics
Alcoholic Beverages
Manufacturing Capacity - Extra Neutral Alcohol	45.0 Mn Litre	n/a	n/a
Capacity Utilization - Extra Neutral Alcohol	100.0 %	n/a	n/a
Financials
5 yr Average ROE	12.64 %	6.66 %	11.75 %
5yr average Equity Multiplier	2.64	1.24	2.0
5yr Average Asset Turnover Ratio	1.31	1.51	0.53
5yr Avg Net Profit Margin	4.14 %	3.52 %	11.55 %
Price to Book	2.57	2.01	2.9
P/E	17.5	25.4	33.43
5yr Avg Cash Conversion Cycle	9.5 Days	33.49 Days	-115.54 Days
Inventory Days	40.37 Days	20.52 Days	121.63 Days
Days Receivable	7.7 Days	20.37 Days	119.04 Days
Days Payable	64.87 Days	19.21 Days	312.98 Days
5yr Average Interest Coverage Ratio	6.1	102.69	4.27
5yr Avg ROCE	15.86 %	8.37 %	18.02 %
5yr Avg Operating Profit Margin	9.57 %	4.7 %	25.94 %
5 yr average Debt to Equity	0.92	0.02	0.6
5yr CAGR Net Profit	132.05 %	-13.59 %	94.53 %
5yr Average Return on Assets	5.78 %	5.61 %	6.26 %
Shareholdings
Promoter Holding	61.22 %	65.0 %	24.35 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	2.77 %	0.0	-2.98 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	12.26 %

	Assoc Alcohols &Brew	IFB Agro Inds	Sula Vineyards
Product Wise Break-Up	Product Wise Break-Up Spirit 22.6 Packed Potable Alcohol 10.85 By Product 0.16 Sanitizer 0 Packing Material 0 Marine Feed 0 Marine Product 0 0 Wine Tourism 0 Wine Business 0 Others 66.39	Product Wise Break-Up Marine Feed 11.32 Wine Tourism 0 Packing Material 0 By Product 0 Marine Product 14.66 Alcohol 69.4 Sanitizer 0 Spirit 0 Wine Business 0 Packed Potable Alcohol 0 Others 4.62	Product Wise Break-Up Marine Feed 0 Wine Tourism 9.45 Packing Material 0 By Product 0 Marine Product 0 0 Sanitizer 0 Spirit 0 Wine Business 88.83 Packed Potable Alcohol 0 Others 1.72
Location Wise Break-Up	Location Wise Break-Up India 99.89 Rest of India 0.11 Rest of the World 0	Location Wise Break-Up India 87.02 Rest of the World 12.98 Rest of India 0	Location Wise Break-Up India 99.27 Rest of the World 0 Rest of India 0 Others 0.73
Distribution Channel	Distribution Channel Direct 69.72 Through Distribution Channel/ Intermediary 30.28	-	Distribution Channel 0 Direct 0 Others 100
Brand Wise Break-Up	Brand Wise Break-Up IMIL 25.0 Merchant ENA 14.0 Franchised brands 0 Own brands 0 Job-working 0 Popular Wine 0 Economy Wine 0 Premium Wine 0 Elite Wine 0 Others 61.0	-	Brand Wise Break-Up Merchant ENA 0 Own brands 0 Elite Wine 78.0 Premium Wine 0 Job-working 0 Popular Wine 0 Economy Wine 22.0 IMIL 0 Franchised brands 0