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ASSO ALCOHOLS & BREW LTDASSO ALCOHOLS & BREW LTDASSO ALCOHOLS & BREW LTD

ASSO ALCOHOLS & BREW LTD

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ASALCBR trade ideas

Associated Alcohols & Breweries Ltd - Fundamentals & TechnicalsAssociated Alcohols & Breweries Ltd is in business of manufacturing and trading of ENA, Indian Made Indian Liquor (Country Liquor), Indian Made Foreign Liquor and Hand sanitizer. It operates through Potable Alcohol segment. FUNDAMENTALS: > It is a micro-cap company with a market cap of just Rs.822 Cr. Think like the company have just started crawling after coming out of mother’s lap. > The ROCE is at 34% and ROE is at 26% which is very very impressive considering the size of the company. Positive. > Stock P/E is at 14.2 which makes the valuation too attractive as compared to the sector P/E at 36.41. Positive. > Higher than Industry Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 11.69%, vs industry avg of 3.05%. Positive. > Increasing Market Share: Over the last 5 years, market share increased from 1.29% to 2.12%. Positive. > Lower than Industry Debt to Equity Ratio: Over the last 5 years, debt to equity ratio has been 24.6%, vs industry avg of 91.03%. Positive. > Higher than Industry Current Ratio: Over the last 5 years, current ratio has been 147.51%, vs industry avg of 102.59%. Positive. > It is almost a debt free company, reducing its borrowings continuously on year on year (YOY) basis, that's a very good sign from investment perspective. > Very robust Topline and Bottomline. > It is increasing its cash reserve on YOY basis, currently have huge cash reserve as compared to its borrowings. > The company has maintained its Operating Profit Margin (OPM) at or above 18% since last 5 years, that's again a positive sign. > The company expands its alcohol manufacturing capacity; the plant will have dual features of both ENA & ethanol manufacturing. The estimated cost is about 110 crores and expected to be complete by June 2022. > Popular Brands: McDowell’s’, White Mischief, Director’s Special, Bagpiper, Black Dog, VAT 69, Black & White Scotch Whiskey, Smirnoff & Captain Morgan TECHNICALS: > Stock looking very strong on chart, it is making higher highs and higher lows continuously since March 2020. > Trading above 100 DMA and about to break 200 DMA. > It is clear from volume at the bottom that accumulation is going on in the company on regular intervals and bull run will continue for long. Fresh Buy - At CMP i.e. 455. Old Buy - HOLD First Target – 773 (+70%) Second Target – 1092 (+140%) Risk Management Tip: Never invest more than 5% of your capital in any single stock. Happy Investing! Team ShareMktSchool
NSE:ASALCBRLong
by ShareMarketSchool
4
DAILY SWING CALL // Monday 15th of March 2021 / NSE: ASALCBRDAILY SWING CALL // Monday 15th of March 2021 / NSE:ASALCBR // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 388.2 TARGET: + 450 (15% Around) STOP LOSS: 350 (10% Max) Standard Notes: - Please follow the Stop Loss strictly and preferably on a daily closing basis. - Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved. - Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period. - If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed. Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
BSE:ASALCBRLong
by Amit_Padishalwar
ASALCBRNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:ASALCBR
by SENSITRADE_T