Globus Spirits Ltd

Globus Spirits Ltd

₹ 780 1.42%
22 Apr 11:55 a.m.
About

Globus Spirits Limited, established in 1992 is primarily engaged in the business of manufacture and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol hand sanitizer, and Franchise Bottling. It has a unique 360⁰ model straddling across the entire alcohol value chain. It is the 1st to set up a grain distillery and launch branded DDGS in India. [1] [2] [3]

Key Points

Product Portfolio
The product portfolio of the company is divided into 2 segments Consumer Segment (Value Liquor, Premium Liquor, Craft Spirits) and Manufacturing Segment having Distillery Products such as Grain Neutral Alcohol, Bioethanol, Special Denatured Spirit, Technical Alcohol, Fusel Oil and other Co-Products [1]

  • Market Cap 2,248 Cr.
  • Current Price 780
  • High / Low 1,328 / 656
  • Stock P/E 17.0
  • Book Value 321
  • Dividend Yield 0.76 %
  • ROCE 18.5 %
  • ROE 14.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 76.7% CAGR over last 5 years

Cons

  • Company might be capitalizing the interest cost
  • Debtor days have increased from 30.1 to 36.7 days.
  • Promoter holding has decreased over last 3 years: -4.90%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
316 357 371 382 347 479 495 480 592 541 570 567 687
249 268 272 294 289 395 427 435 534 468 498 530 647
Operating Profit 67 88 98 88 58 84 69 45 59 73 72 38 40
OPM % 21% 25% 26% 23% 17% 18% 14% 9% 10% 14% 13% 7% 6%
1 1 1 2 2 2 2 2 1 3 2 4 3
Interest 5 4 4 2 2 3 2 3 5 7 6 7 7
Depreciation 10 11 10 10 10 11 12 13 15 16 16 16 17
Profit before tax 54 75 85 77 48 72 56 32 40 53 52 17 20
Tax % 29% 29% 34% 31% 36% 33% 33% 30% 33% 32% 25% 25% -128%
38 53 56 53 31 49 37 22 27 36 39 13 45
EPS in Rs 13.25 18.43 19.32 18.23 10.59 16.87 12.94 7.69 9.36 12.44 13.46 4.53 15.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
505 502 496 586 707 774 853 985 1,161 1,224 1,579 2,103 2,366
431 431 451 537 637 718 784 891 1,028 969 1,255 1,857 2,142
Operating Profit 74 70 45 49 70 56 69 94 133 255 324 246 223
OPM % 15% 14% 9% 8% 10% 7% 8% 10% 11% 21% 21% 12% 9%
0 5 -3 4 4 5 5 8 5 7 11 8 11
Interest 5 6 10 14 17 18 27 26 24 19 11 17 28
Depreciation 12 16 28 29 42 27 36 36 38 41 43 56 65
Profit before tax 58 52 3 10 15 16 12 40 77 202 281 180 142
Tax % 29% 35% -31% 31% 15% -1% 39% 23% 22% 29% 33% 32%
41 34 4 7 13 16 7 31 59 144 187 122 132
EPS in Rs 17.78 14.87 1.86 2.45 4.35 5.60 2.44 10.61 20.59 50.00 65.01 42.43 45.89
Dividend Payout % 7% 8% 0% 0% 0% 0% 0% 0% 5% 4% 5% 14%
Compounded Sales Growth
10 Years: 15%
5 Years: 20%
3 Years: 22%
TTM: 16%
Compounded Profit Growth
10 Years: 14%
5 Years: 77%
3 Years: 27%
TTM: -2%
Stock Price CAGR
10 Years: 26%
5 Years: 41%
3 Years: 35%
1 Year: -10%
Return on Equity
10 Years: 13%
5 Years: 19%
3 Years: 22%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 23 23 23 29 29 29 29 29 29 29 29 29 29
Reserves 224 254 255 326 335 344 351 381 440 562 744 858 895
Preference Capital 0 71 71 0 0 0 0 0 0 0 0 0
106 87 102 144 253 272 252 230 180 187 180 291 352
146 230 217 145 133 155 146 140 169 216 285 415 428
Total Liabilities 500 594 597 645 749 799 777 780 818 994 1,237 1,592 1,704
280 415 415 460 434 632 609 574 569 579 670 826 827
CWIP 60 21 29 31 131 0 0 12 30 48 98 99 155
Investments 0 0 0 0 0 5 5 5 27 0 0 0 0
160 157 153 153 184 162 163 189 193 367 470 667 722
Total Assets 500 594 597 645 749 799 777 780 818 994 1,237 1,592 1,704

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
97 79 34 61 75 71 56 61 154 142 219 128
-119 -112 -58 -95 -166 -77 -10 -14 -59 -98 -218 -211
24 57 -0 34 93 0 -47 -47 -77 -15 -24 85
Net Cash Flow 2 24 -25 0 3 -5 -1 -0 18 29 -23 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 40 45 35 24 19 17 21 18 9 26 27 37
Inventory Days 92 62 54 52 37 53 43 43 50 58 48 47
Days Payable 146 145 94 81 64 81 68 57 54 66 60 64
Cash Conversion Cycle -14 -38 -5 -5 -8 -11 -5 4 5 17 15 20
Working Capital Days 25 -19 1 -10 -10 -16 -10 -0 -11 25 28 31
ROCE % 20% 15% 4% 5% 6% 5% 6% 10% 15% 31% 34% 19%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.96% 50.91% 50.90% 51.01% 51.01% 51.01% 51.01% 51.01% 51.01% 51.02% 50.98% 50.98%
1.47% 5.36% 4.88% 4.86% 4.83% 4.75% 4.83% 4.76% 4.76% 5.72% 4.65% 4.89%
0.94% 1.35% 1.40% 2.12% 1.60% 1.68% 2.94% 5.48% 8.93% 3.87% 1.63% 0.98%
41.63% 42.38% 42.81% 42.01% 42.56% 42.56% 41.22% 38.75% 35.29% 39.39% 42.73% 43.15%
No. of Shareholders 39,67456,50071,94978,53486,35094,30191,89888,04978,45488,8331,00,30998,695

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls