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About Asgard Alcobev Ltd
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Asgard Alcobev Limited, formerly known as Inertia Steel Limited, was initially incorporated as `Tarunkumar Trade & Export Limited` in June, 1984. The Company changed the name from Tarunkumar Trade & Export Limited to Inertia Steel Limited in 2004 and then to Banganga Paper Industries Limited on December 20, 2024. The Company has been identified named `Asgard Alcobev Limited` dated April 17, 2026. Since commencing the commercial operations in 2011, CMJ Breweries has grown from a single-location brewing operation with an initial capacity of 1 Lakh HL (1,00,000 hectolitres) per annum into a scaled manufacturing platform of 7,00,000 HL per annum having the capacity expansion to 9,00,000 HL per annum. The scale-up has translated directly into commercial results. Following Company`s integration, CMJ Breweries secured its first major contract a three-year agreement to manufacture four Golden Eagle variants for distribution across eight states and Bhutan, a milestone that validates the capacity built up over the preceding years. The Company acquired a 78.90% holding in CMJ Breweries via share swap and preferential issue on February 17 2026, and exited its legacy paper business through the sale of Banganga Paper Mills - together marking a decisive pivot into brewing, anchored by a facility built to scale. Its entire operating business sits within CMJ Breweries Private Limited, in which it holds 78.90%. CMJ Breweries operates a brewing, bottling and packaging facility at Byrnihat, Meghalaya, described in the acquisition announcement as the largest brewery in Northeast India and engaged exclusively in beer production. The Company reports a single business segment, Beverages, following the disposal of the paper business during the year. The platform produces for five established beverage companies: United Breweries Ltd, Carlsberg India Private Limited, Mohan Meakin Limited, Yuksom Breweries Limited and Sona Beverages Pvt Limited, encompassing Kingfisher, Carlsberg, Tuborg, Asia 72, Golden Eagle, Simba and Heman 9000. During the financial year 2025-26, the Company underwent a change in the nature of its business from the paper industry to the alcoholic beverages business, pursuant to the alteration of its Main Objects and change in the principal business activities of the Company.
Asgard Alcobev share price as on 05 Nov 2026 is Rs. 34.71. Over the past 6 months, the Asgard Alcobev share price has decreased by 2.5% and in the last one year, it has decreased by 14.08%. The 52-week low for Asgard Alcobev share price was Rs. 27.21 and 52-week high was Rs. 63.
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Asgard Alcobev Ltd FAQs
You can buy Asgard Alcobev Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Asgard Alcobev Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Nov 05, 2026 04:01 PM the closing price of Asgard Alcobev Ltd was Rs.34.71.
The latest PE ratio of Asgard Alcobev Ltd as of Nov 05, 2026 04:01 PM is 304.73
The latest PB ratio of Asgard Alcobev Ltd as of Nov 05, 2026 04:01 PM is 18.15
The 52-week high of Asgard Alcobev Ltd share price is Rs. 63.00 while the 52-week low is Rs. 27.21
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Nov 05, 2026 04:01 PM, the market cap of Asgard Alcobev Ltd stood at Rs. 1,081.33 Cr.
Market Outlook
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