Asgard Alcobev (BSE: ASGARD) had a P/E of 268.3× on 6 Nov 2026, above the industry P/E of 18.4×, and the shares are 45% below their 52-week high. Its ROCE of 5.7% is the second-highest among its 4 Beverages (Brewers) peers, and net profit grew 122% a year over 3 years. Debt is 1.46× equity. It is a small-cap company with a market cap of ₹1,087 Cr, ranked 3rd of 5 Beverages (Brewers) companies by market cap; the shares fell 14% over the past year.
- ₹34.50
- ₹35.00
- ₹32.85
- ₹34.71
- 2 L
Health check
- ReturnsAhead
−14.1% over a year, better than 4 of 4 peers.
- Price tagPricier
P/E 268.3 vs industry 18.4.
- GrowthStrong
Sales +583.1%, profit +122.0% a year over 3 years.
- ProfitabilityWeak
ROCE 5.7% vs peer median 2.1%.
- Balance sheetFair
Debt 1.46× equity, interest covered 2.5×, Piotroski 5 of 9.
- Red flags3 to check
Return on equity is low at 4.9%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,087 Cr
- Small cap
- P/E
- 268.3
- Industry 18.4
- Price to book
- 16.40
- Peers 2.40
- Dividend yield
- 0.00%
- ROE
- 4.9%
- Peers 0.6%
- ROCE
- 5.7%
- Peers 2.1%
- Debt to equity
- 1.46
- Debt ₹73 Cr
- EPS (TTM)
- ₹0.13
- OPM (TTM)
- 6.7%
- Net margin 1.7%
- Sales growth
- +150.6%
- Latest quarter vs a year ago
- Profit growth
- +289.8%
- Latest quarter vs a year ago
- Price to sales
- 8.12
- EV/EBITDA 86.5
Strengths and risks
Strengths
- Quarterly profit up 289.8% on a year ago.
- Quarterly sales up 150.6% on a year ago.
Risks to check
- Return on equity is low at 4.9%.
- P/E of 268.3 against an industry P/E of 18.4.
- 45% below its 52-week high.
About Asgard Alcobev
Asgard Alcobev Limited engages in manufacturing and trading of alcoholic and non-alcoholic beverages in India. It offers beers under the Shimla, Savawm, Savage, Red Indian, Nutcracker, Magpie, and Himalayan Monkey brand names. The company was formerly known as Banganga Paper Industries Limited and changed its name to Asgard Alcobev Limited in February 2026. Asgard Alcobev Limited was incorporated in 1984 and is based in Shillong, India.
- Headquarters
- Shillong
- Employees
- 150
- Sector
- Consumer Defensive
- ISIN
- INE767M01029
- Website
- asgardalcobev.com
Price range
- Avg volume (3M)
- 1.4 L
- 1-year return
- minus 14.1%
- From 52-week high
- minus 44.6%
Peers · Beverages - Brewers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UBLUnited Breweries | 1,189.70 | minus 0.60% | 31,456 | 64.9 | 6.90 | 13.5% | 10.9% | 9.1% | 6.6% | 10.8% | 0.84% | minus 34.0% |
| SDBLSom Distilleries & Breweries | 73.43 | minus 1.92% | 1,527 | – | 1.94 | 4.3% | 1.4% | 3.1% | 14.2% | −44.4% | 0.00% | minus 42.5% |
| ASGARDAsgard Alcobev | 34.88 | plus 0.49% | 1,087 | 268.3 | 16.40 | 5.7% | 4.9% | 7.9% | 583.1% | 122.0% | 0.00% | minus 14.1% |
| CUPIDALBVCupid Breweries and Distilleries | 24.12 | minus 0.37% | 220 | – | 0.33 | −0.1% | −0.1% | 0.0% | – | – | 0.00% | minus 76.9% |
| KATIPATANGKati Patang Lifestyle | 13.01 | plus 7.17% | 69 | – | 2.85 | −24.2% | −52.1% | −83.6% | 35.2% | – | 0.00% | minus 47.2% |
| Median of 4 peers | – | −0.49% | 873 | 64.9 | 2.40 | 2.1% | 0.6% | 1.6% | 14.2% | −16.8% | 0.00% | −44.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 21.2 | 24.1 | 19.7 | 36.5 | 53 | |
| 19.6 | 23.2 | 18.6 | 34.8 | 47.9 | |
| 1.6 | 0.9 | 1.1 | 1.8 | 5.2 | |
| 7.4% | 3.7% | 5.7% | 4.8% | 9.7% | |
| 0 | 0 | 0.1 | 1.8 | 0.2 | |
| 0.3 | 0.2 | 0.7 | 0.3 | 1.2 | |
| 0.4 | 0.4 | 0.4 | 0.5 | 1.6 | |
| – | – | – | −1.8 | – | |
| 0.9 | 0.2 | 0.1 | 0.9 | 2.6 | |
| 28.6% | 27.9% | −15.5% | 36.9% | 1.0% | |
| 0.7 | 0.2 | 0.1 | 0.1 | 2.5 | |
| 0.05 | 0.01 | 0.01 | 0.03 | 0.08 |
Profit & loss
- Sales CAGR 3Y
- +583.1%
- Profit CAGR 3Y
- +122.0%
- EPS CAGR 3Y
- −43.2%
- ROE
- 4.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.3 | 0.4 | 56.8 | 101 | |
| – | +24.3% | +14306.5% | +78.3% | |
| 0.4 | 0.4 | 52 | 95.8 | |
| −0.1 | −0 | 4.8 | 5.4 | |
| −16.1% | −5.5% | 8.4% | 5.3% | |
| 0.2 | −0 | 0.1 | 0.2 | |
| – | – | 0.8 | 1.5 | |
| – | – | 1.4 | 1.7 | |
| – | – | −0 | −0.2 | |
| 0.2 | −0 | 2.7 | 2.2 | |
| 26.0% | – | 29.2% | 30.9% | |
| 0.1 | −0 | 1.9 | 1.5 | |
| – | minus 116.1% | – | minus 20.9% | |
| 0.55 | -0.09 | 0.16 | 0.10 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.2 | 0.2 | 12 | 31.2 | |
| 0.1 | 0 | 3.6 | 13.8 | |
| – | – | 10 | 72.8 | |
| 0.2 | 0.2 | 13.4 | 84 | |
| 0.5 | 0.5 | 39 | 202 | |
| 0.1 | – | 17 | 85.5 | |
| 0.1 | – | 0.1 | – | |
| – | – | 1.2 | – | |
| 0 | 0 | 0.7 | 1.7 | |
| 0.2 | 0.5 | 20 | 115 | |
| 0.5 | 0.5 | 39 | 202 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0 | −0.1 | −2.4 | 3.7 | |
| – | 0.1 | −19.6 | 11.2 | |
| – | – | 22.6 | −14 | |
| 0 | −0 | 0.7 | 1 | |
| – | – | −18.5 | – | |
| 0 | −0.1 | −20.8 | 3.7 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.