Globus Spirits Ltd

Globus Spirits Ltd

₹ 859 0.82%
16 Jul 3:44 p.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 2,479 Cr.
  • Current Price 859
  • High / Low 1,265 / 656
  • Stock P/E 25.8
  • Book Value 338
  • Dividend Yield 0.69 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.55 times its book value
  • Tax rate seems low
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2023 Dec 2023 Mar 2024
271.51 296.20 272.85 328.27 271.51 230.09 327.61 316.39 356.68 370.52 567.16 687.49 589.94
253.06 269.36 243.54 295.02 236.18 190.78 267.60 248.93 268.74 272.40 529.61 647.68 570.22
Operating Profit 18.45 26.84 29.31 33.25 35.33 39.31 60.01 67.46 87.94 98.12 37.55 39.81 19.72
OPM % 6.80% 9.06% 10.74% 10.13% 13.01% 17.08% 18.32% 21.32% 24.66% 26.48% 6.62% 5.79% 3.34%
1.59 0.96 0.65 0.52 1.61 0.87 3.42 0.95 1.31 1.08 3.54 2.87 5.24
Interest 6.00 6.20 6.16 6.21 4.98 5.09 4.91 4.75 4.09 3.93 7.37 6.83 6.11
Depreciation 8.84 9.23 9.55 9.51 9.74 9.56 9.96 10.05 11.09 10.34 16.24 16.74 16.55
Profit before tax 5.20 12.37 14.25 18.05 22.22 25.53 48.56 53.61 74.07 84.93 17.48 19.11 2.30
Tax % 3.65% 43.90% 23.23% 30.97% 12.87% 26.83% 31.63% 28.58% 31.65% 34.45% 25.29% -130.87% 96.96%
5.02 6.93 10.95 12.46 19.35 18.69 33.20 38.30 50.63 55.66 13.06 44.13 0.08
EPS in Rs 1.81 2.49 3.89 4.22 6.74 6.50 11.55 13.27 17.58 19.33 4.53 15.41 0.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024
586 706 774 853 987 1,167 1,224 2,109 2,415
537 639 720 785 899 1,042 969 1,863 2,245
Operating Profit 49 67 54 68 89 125 255 246 169
OPM % 8% 9% 7% 8% 9% 11% 21% 12% 7%
4 4 5 5 7 4 7 8 14
Interest 14 17 18 27 26 24 19 17 27
Depreciation 29 42 27 36 36 38 41 56 66
Profit before tax 10 12 14 10 33 67 202 180 91
Tax % 33% 18% -1% 44% 28% 26% 30% 32% -6%
7 10 14 6 24 50 141 122 96
EPS in Rs 2.34 3.49 5.03 2.00 8.45 17.33 48.90 42.43 33.47
Dividend Payout % 0% 0% 0% 0% 0% 6% 4% 0% 10%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 25%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 32%
3 Years: -12%
TTM: -21%
Stock Price CAGR
10 Years: 26%
5 Years: 48%
3 Years: 8%
1 Year: -32%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024
Equity Capital 29 29 29 29 29 29 29 29
Reserves 326 332 339 345 369 418 557 946
144 253 272 252 230 181 187 329
146 133 155 146 141 171 221 466
Total Liabilities 644 746 794 771 769 799 993 1,770
460 434 632 609 574 569 579 961
CWIP 31 131 0 0 12 30 48 89
Investments 0 0 0 0 0 0 0 0
153 181 162 162 183 201 366 720
Total Assets 644 746 794 771 769 799 993 1,770

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024
61 50 67 56 31 135 148 102 170
-95 -141 -72 -10 -14 -37 -87 -211 -165
34 94 0 -47 -17 -80 -23 85 -6
Net Cash Flow 0 2 -5 -1 -0 18 38 -24 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024
Debtor Days 24 19 17 21 18 11 26 42
Inventory Days 52 37 53 43 47 54 57 42
Days Payable 81 64 81 68 58 55 66 70
Cash Conversion Cycle -5 -8 -11 -5 8 9 17 14
Working Capital Days -11 -10 -16 -10 3 -7 12 27
ROCE % 5% 5% 6% 10% 14% 32%

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.

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Documents

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