Asgard Alcobev
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Asgard Alcobev appointed Kalpana Srinivasan as secretarial auditor on August 22, covering the audit period for FY2025-26 until the ensuing annual general meeting. She replaced Ritika Agarwal, who resigned from the role effective August 21. The company’s operating business was entirely in beverages, with CMJ Breweries serving as its operating base after the paper subsidiary was sold. Consolidated revenue was ₹53.04 crore and profit after tax was ₹2.54 crore in the June quarter, while the standalone entity reported no operating revenue.
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Asgard Alcobev appointed Kalpana Srinivasan as secretarial auditor on August 22, covering the audit period for FY2025-26 until the ensuing annual general meeting. She replaced Ritika Agarwal, who resigned from the role effective August 21. The company’s operating business was entirely in beverages, with CMJ Breweries serving as its operating base after the paper subsidiary was sold. Consolidated revenue was ₹53.04 crore and profit after tax was ₹2.54 crore in the June quarter, while the standalone entity reported no operating revenue.
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Ronak Jain, promoter of Asgard Alcobev, pledged 2 crore shares (6.42% of total equity) in favour of Kotak Mahindra Bank on 3 June 2026. The pledge serves as collateral for a loan taken by CMJ Breweries Private Limited, a newly acquired subsidiary of Asgard Alcobev. The move marks the first encumbrance on promoter holdings since the change of control earlier this year. Asgard Alcobev, formerly Banganga Paper Industries, is pivoting from paper manufacturing to alcoholic beverages.
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Ronak Jain, promoter of Asgard Alcobev, pledged 2 crore shares (6.42% of total equity) in favour of Kotak Mahindra Bank on 3 June 2026. The pledge serves as collateral for a loan taken by CMJ Breweries Private Limited, a newly acquired subsidiary of Asgard Alcobev. The move marks the first encumbrance on promoter holdings since the change of control earlier this year. Asgard Alcobev, formerly Banganga Paper Industries, is pivoting from paper manufacturing to alcoholic beverages.
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March 17 (Reuters) - Asgard Alcobev Ltd BANE.BO:
ASGARD ALCOBEV LTD - SUBSIDIARY CMJ BREWERIES ENTERS MANUFACTURING AGREEMENT WITH BREWS & BLISS LLP
ASGARD ALCOBEV LTD - EXCLUSIVE CONTRACT COVERS GOLDEN EAGLE PORTFOLIO FOR NORTH EAST ZONE, BHUTAN
Source text: ID:nBSEl0yZD
Further company coverage: BANE.BO
(([email protected];))
March 17 (Reuters) - Asgard Alcobev Ltd BANE.BO:
ASGARD ALCOBEV LTD - SUBSIDIARY CMJ BREWERIES ENTERS MANUFACTURING AGREEMENT WITH BREWS & BLISS LLP
ASGARD ALCOBEV LTD - EXCLUSIVE CONTRACT COVERS GOLDEN EAGLE PORTFOLIO FOR NORTH EAST ZONE, BHUTAN
Source text: ID:nBSEl0yZD
Further company coverage: BANE.BO
(([email protected];))
April 15 (Reuters) - Banganga Paper Industries Ltd BANE.BO:
UNIT RECEIVES MPCB CERTIFICATION UNTIL MARCH 31, 2029
CERTIFICATION CONFIRMS COMPLIANCE WITH WATER AND AIR POLLUTION ACTS
Source text: ID:nBSE5kxGSz
Further company coverage: BANE.BO
(([email protected];;))
April 15 (Reuters) - Banganga Paper Industries Ltd BANE.BO:
UNIT RECEIVES MPCB CERTIFICATION UNTIL MARCH 31, 2029
CERTIFICATION CONFIRMS COMPLIANCE WITH WATER AND AIR POLLUTION ACTS
Source text: ID:nBSE5kxGSz
Further company coverage: BANE.BO
(([email protected];;))
Feb 19 (Reuters) - Inertia Steel Ltd INER.BO:
UNIT ENTERS PPA WITH LIVINT GREEN TECHNOLOGIES FOR SOLAR POWER
Source text: ID:nBSE2qZmDN
Further company coverage: INER.BO
(([email protected];;))
Feb 19 (Reuters) - Inertia Steel Ltd INER.BO:
UNIT ENTERS PPA WITH LIVINT GREEN TECHNOLOGIES FOR SOLAR POWER
Source text: ID:nBSE2qZmDN
Further company coverage: INER.BO
(([email protected];;))
Jan 28 (Reuters) - Inertia Steel Ltd INER.BO:
BOARD APPROVES BORROWING EXCEEDING PRESCRIBED LIMITS FOR EXPANSION
Source text: ID:nBSE452s1h
Further company coverage: INER.BO
(([email protected];;))
Jan 28 (Reuters) - Inertia Steel Ltd INER.BO:
BOARD APPROVES BORROWING EXCEEDING PRESCRIBED LIMITS FOR EXPANSION
Source text: ID:nBSE452s1h
Further company coverage: INER.BO
(([email protected];;))
Oct 15 (Reuters) - Inertia Steel Ltd INER.BO:
TO CONSIDER SUBDIVISION OF SHARES
Source text for Eikon: ID:nBSE2pcy1Y
Further company coverage: INER.BO
(([email protected];;))
Oct 15 (Reuters) - Inertia Steel Ltd INER.BO:
TO CONSIDER SUBDIVISION OF SHARES
Source text for Eikon: ID:nBSE2pcy1Y
Further company coverage: INER.BO
(([email protected];;))
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What does Asgard Alcobev do?
Asgard Alcobev Ltd. (formerly Banganga Paper Industries Ltd.) is an alcoholic beverages company focused on brewing and contract manufacturing. Through its subsidiary CMJ Breweries, it operates large-scale beer production facilities in Northeast India, serving leading domestic and international brands. The company is expanding capacity and strengthening its presence in India's growing alcoholic beverages market.
Who are the competitors of Asgard Alcobev?
Asgard Alcobev major competitors are Orient Technologies, Vision Infra Equip., TCC Concept, Macfos, Hexa Tradex, Manoj Vaibhav Gems, RRP Defense. Market Cap of Asgard Alcobev is ₹1,044 Crs. While the median market cap of its peers are ₹985 Crs.
Is Asgard Alcobev financially stable compared to its competitors?
Asgard Alcobev seems to be less financially stable compared to its competitors. Altman Z score of Asgard Alcobev is 4.17 and is ranked 4 out of its 8 competitors.
Does Asgard Alcobev pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Asgard Alcobev latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Asgard Alcobev allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery
How strong is Asgard Alcobev balance sheet?
Balance sheet of Asgard Alcobev is strong. But short term working capital might become an issue for this company.
Is the profitablity of Asgard Alcobev improving?
The profit is oscillating. The profit of Asgard Alcobev is ₹1.88 Crs for Mar 2025, -₹0.02 Crs for Mar 2024 and ₹0.14 Crs for Mar 2023
Is the debt of Asgard Alcobev increasing or decreasing?
Yes, The net debt of Asgard Alcobev is increasing. Latest net debt of Asgard Alcobev is ₹70.89 Crs as of Mar-26. This is greater than Mar-25 when it was ₹8.68 Crs.
Is Asgard Alcobev stock expensive?
Asgard Alcobev is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Asgard Alcobev is 447, while 3 year average PE is 186. Also latest EV/EBITDA of Asgard Alcobev is 106 while 3yr average is 234.
Has the share price of Asgard Alcobev grown faster than its competition?
Asgard Alcobev has given lower returns compared to its competitors. Asgard Alcobev has grown at ~-37.53% over the last 1yrs while peers have grown at a median rate of -9.23%
Is the promoter bullish about Asgard Alcobev?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Asgard Alcobev is 59.95% and last quarter promoter holding is 59.95%.
Are mutual funds buying/selling Asgard Alcobev?
There is Insufficient data to gauge this.