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Associated Alcohols & BreweriesNSE:ASALCBR +0.39%94 ROC (Joel Greenblatt) % is 17.28% as of Jun. 2026, which is 46% below its 10-year median of 31.89. GuruFocus rates NSE:ASALCBR with a GF Score™ of 94/100 and a GF Value™ of ₹889.14 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 212 Beverages - Alcoholic companies, Associated Alcohols & Breweries ranks better than 66.04% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Associated Alcohols & Breweries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 17.28%.
The historical rank and industry rank for Associated Alcohols & Breweries's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:ASALCBR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.16 Med: 31.89 Max: 47.64
Current: 21.13
During the past 13 years, Associated Alcohols & Breweries's highest ROC (Joel Greenblatt) % was 47.64%. The lowest was 19.16%. And the median was 31.89%.
NSE:ASALCBR's ROC (Joel Greenblatt) % is ranked better than 66.04% of 212
companies
in the Beverages - Alcoholic industry
Industry Median: 12.215
vs NSE:ASALCBR: 21.13
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ASALCBR vs BF.B: ROC (Joel Greenblatt) % Comparison
For the Beverages - Wineries & Distilleries subindustry, Associated Alcohols & Breweries's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Associated Alcohols & Breweries ROC (Joel Greenblatt) % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Associated Alcohols & Breweries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Associated Alcohols & Breweries's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of 17.28% mean?
Associated Alcohols & Breweries (NSE:ASALCBR) has a ROC (Joel Greenblatt) % of 17.28% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Associated Alcohols & Breweries and its competitors. This is 46% below median its historical median of 31.89. Over the past decade, Associated Alcohols & Breweries' ROC (Joel Greenblatt) % has ranged from 19.16 to 47.64. According to the industry distribution chart, Associated Alcohols & Breweries ranks #72 out of 212 companies in the Beverages - Alcoholic industry, placing it in the top 34%.
Is Associated Alcohols & Breweries' ROC (Joel Greenblatt) % too high?
Associated Alcohols & Breweries' current ROC (Joel Greenblatt) % of 17.28% is 46% below median its 10-year median of 31.89. Over the past 10 years, this metric has ranged from a low of 19.16 to a high of 47.64. The Beverages - Alcoholic industry median ROC (Joel Greenblatt) % is 12.22. Associated Alcohols & Breweries' value of 17.28% is 41.5% above this industry median. Based on the distribution chart, Associated Alcohols & Breweries ranks #72 out of 212 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Associated Alcohols & Breweries has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Associated Alcohols & Breweries' ROC (Joel Greenblatt) % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Associated Alcohols & Breweries ranks #72 out of 212 companies for ROC (Joel Greenblatt) %. This puts Associated Alcohols & Breweries in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.22. Associated Alcohols & Breweries' value of 17.28% is 41.5% above this benchmark. Historically, Associated Alcohols & Breweries' own ROC (Joel Greenblatt) % has ranged from 19.16 to 47.64 over the past decade. While the company's 10-year median is 31.89 vs. the industry median of 12.22, Associated Alcohols & Breweries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Beverages - Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Alcoholic companies is 12.22, based on 212 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Associated Alcohols & Breweries's current ROC (Joel Greenblatt) % of 17.28% is 41.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Associated Alcohols & Breweries and its competitors. For the Beverages - Alcoholic industry, the median ROC (Joel Greenblatt) % is 12.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Alcohols & Breweries's current ROC (Joel Greenblatt) % is 17.28%, which is 46% below median its own 10-year median of 31.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Alcohols & Breweries stock overvalued right now?
Based on GuruFocus' analysis, Associated Alcohols & Breweries (NSE:ASALCBR) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹889.14, compared to a current price of ₹767.25 — trading 13.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 17.28%, which is 46% below median its 10-year median of 31.89 and 41.5% above the Beverages - Alcoholic industry median of 12.22. Associated Alcohols & Breweries' overall GF Score™ is 94/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Associated Alcohols & Breweries (NSE:ASALCBR), the current ROC (Joel Greenblatt) % is 17.28% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Associated Alcohols & Breweries (NSE:ASALCBR) Overvalued in 2026?
Based on GuruFocus' analysis, Associated Alcohols & Breweries stock appears to be undervalued.
The current stock price of ₹767.25 is trading 13.7% below its estimated GF Value™ of ₹889.14.
GuruFocus considers Associated Alcohols & Breweries to be Modestly Undervalued.
Key valuation signals for NSE:ASALCBR:
ROC (Joel Greenblatt) %: 17.28% (46% below median its 10-year median of 31.89)
GF Value™: ₹889.14 vs. price of ₹767.25 (13.7% below fair value)
Industry Position: 41.5% above the Beverages - Alcoholic median (#72 of 212)
No single metric tells the full story. See the NSE:ASALCBR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated Alcohols & Breweries Ltd is engaged in the manufacturing of liquor. The company operates in two business segments, that is Potable Alcohol and Ethanol. Geographically, it derives a majority of revenue from India, also it derives the majority of the revenue from the Potable Alcohols segment. The company brands include Central Province Whisky, Titanium, Bombay Special Whisky, Desi Madira Masala, Superman Fine Whisky, James MC Gill Whisky, and Jamaican Magic Rum.
94GF Score
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