Globus Spirits Ltd

About [ edit ]

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. # # #

Key Points [ edit ]
  • Market Cap 1,712 Cr.
  • Current Price 595
  • High / Low 635 / 118
  • Stock P/E 12.2
  • Book Value 203
  • Dividend Yield 0.17 %
  • ROCE 32.6 %
  • ROE 27.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 69.59% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 11.74% over past five years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
232 225 257 272 296 273 328 272 230 328 316 357
206 207 238 253 269 244 295 236 191 268 249 269
Operating Profit 25 18 19 18 27 29 33 35 39 60 67 88
OPM % 11% 8% 7% 7% 9% 11% 10% 13% 17% 18% 21% 25%
Other Income 1 1 4 2 1 1 1 2 1 3 1 1
Interest 7 7 7 6 6 6 6 5 5 5 5 4
Depreciation 9 9 9 9 9 10 10 10 10 10 10 11
Profit before tax 11 3 7 5 12 14 18 22 26 49 54 74
Tax % 39% 58% 46% 4% 44% 23% 31% 13% 27% 32% 29% 32%
Net Profit 7 1 4 5 7 11 12 19 19 33 38 51
EPS in Rs 2.28 0.45 1.42 1.81 2.49 3.89 4.22 6.74 6.50 11.55 13.27 17.58

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
586 706 774 853 987 1,167 1,231
537 639 720 785 899 1,042 976
Operating Profit 49 67 54 68 89 125 255
OPM % 8% 9% 7% 8% 9% 11% 21%
Other Income 4 4 4 5 7 4 7
Interest 14 17 18 27 26 24 19
Depreciation 29 42 27 36 36 38 41
Profit before tax 10 12 14 10 33 67 202
Tax % 33% 18% -1% 44% 28% 26% 30%
Net Profit 7 10 14 6 24 50 141
EPS in Rs 2.34 3.49 5.03 2.00 8.45 17.33 48.90
Dividend Payout % 0% 0% 0% 0% 0% 6% 4%
Compounded Sales Growth
10 Years:%
5 Years:12%
3 Years:13%
TTM:5%
Compounded Profit Growth
10 Years:%
5 Years:70%
3 Years:190%
TTM:182%
Stock Price CAGR
10 Years:15%
5 Years:57%
3 Years:64%
1 Year:334%
Return on Equity
10 Years:%
5 Years:11%
3 Years:16%
Last Year:27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
29 29 29 29 29 29 29
Reserves 326 332 339 345 369 418 557
Borrowings 144 253 272 252 230 181 142
146 133 155 146 141 171 265
Total Liabilities 644 746 794 771 769 799 992
460 434 632 609 574 569 579
CWIP 31 131 0 0 12 30 48
Investments 0 0 0 0 0 0 0
153 181 162 162 183 201 365
Total Assets 644 746 794 771 769 799 992

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 5% 5% 6% 9% 14% 33%
Debtor Days 24 19 17 21 18 11 26
Inventory Turnover 10.18 9.63 9.38 10.25 9.03 6.27

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
54.21 54.43 54.43 54.46 55.09 55.84 55.84 55.74 55.81 55.88 55.88 55.88
1.36 0.63 0.37 0.47 0.35 0.55 0.81 0.77 0.77 1.16 1.00 0.83
0.09 0.27 0.97 1.15 1.26 1.29 1.45 1.32 1.27 0.45 0.29 0.25
44.34 44.66 44.23 43.92 43.30 42.31 41.90 42.17 42.14 42.51 42.83 43.04

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