G M Breweries Ltd

G M Breweries Ltd

₹ 768 2.40%
22 Apr 12:10 p.m.
About

G M Breweries Ltd, set up in 1981 manufactures and markets Alcoholic Beverages such as Country Liquor (CL) and Indian-made Foreign Liquor (IMFL). [1]

Key Points

Milestones
The Co. has a monopoly in country liquor in the districts of Mumbai, Thane & Palghar.
It is the single largest manufacturer of country liquor in the State of Maharashtra with a sizable market share. [1]

  • Market Cap 1,405 Cr.
  • Current Price 768
  • High / Low 815 / 549
  • Stock P/E 9.27
  • Book Value 450
  • Dividend Yield 0.77 %
  • ROCE 24.1 %
  • ROE 20.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Earnings include an other income of Rs.80.3 Cr.

* 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

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
128 70 116 131 142 142 142 154 156 147 152 157 160
100 53 87 104 119 120 111 120 125 120 122 132 135
Operating Profit 28 16 29 27 23 22 31 33 31 27 30 25 25
OPM % 22% 24% 25% 21% 16% 15% 22% 22% 20% 18% 20% 16% 16%
26 1 2 1 25 1 1 3 15 1 1 7 71
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 2 2 2 2 2 2 2 1 2 2 2 2
Profit before tax 54 16 29 26 47 22 30 35 45 27 29 31 95
Tax % 15% 25% 25% 25% 14% 25% 25% 25% 22% 25% 24% 26% 8%
45 12 22 20 40 16 23 26 35 20 22 23 87
EPS in Rs 24.81 6.37 11.95 10.83 21.93 8.84 12.41 14.18 19.20 10.89 12.24 12.36 47.40
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
473 289 307 360 375 426 464 469 340 458 594 615
447 246 269 264 306 318 347 380 265 363 477 508
Operating Profit 26 42 38 96 69 108 117 89 75 96 117 107
OPM % 6% 15% 13% 27% 18% 25% 25% 19% 22% 21% 20% 17%
1 1 2 10 4 10 14 9 30 29 20 80
Interest 2 6 7 12 0 0 0 0 0 0 0 0
Depreciation 4 5 6 5 6 6 7 7 5 6 6 6
Profit before tax 21 33 28 88 67 111 123 91 100 118 132 181
Tax % 34% 34% 35% 34% 35% 34% 33% 25% 20% 21% 24% 16%
14 22 19 58 44 73 82 68 80 93 100 152
EPS in Rs 7.61 11.77 10.18 31.86 23.85 39.84 45.03 37.12 43.82 51.08 54.64 82.90
Dividend Payout % 17% 11% 16% 5% 10% 6% 7% 8% 9% 10% 11% 8%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: 22%
TTM: 4%
Compounded Profit Growth
10 Years: 22%
5 Years: 13%
3 Years: 27%
TTM: 59%
Stock Price CAGR
10 Years: 27%
5 Years: 6%
3 Years: 24%
1 Year: 29%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 17%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 12 12 15 15 18 18 18 18 18 18
Reserves 86 105 114 169 210 277 349 412 487 573 663 804
23 29 32 0 0 0 0 0 0 0 0 0
65 78 48 50 55 60 57 53 68 77 87 95
Total Liabilities 184 221 206 231 279 351 424 484 573 668 769 917
85 96 86 79 96 111 139 159 138 137 185 240
CWIP 43 7 1 2 76 64 48 26 20 20 8 6
Investments 0 49 77 88 46 108 163 226 287 379 446 526
56 69 42 62 61 69 74 73 128 133 131 146
Total Assets 184 221 206 231 279 351 424 484 573 668 769 917

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
17 28 20 60 53 63 61 79 1 97 96 59
-18 -27 -13 -4 -50 -61 -57 -72 10 -95 -87 -48
-7 0 -3 -32 -4 -5 -5 -7 -6 -7 -9 -11
Net Cash Flow -8 1 4 24 -1 -4 -2 -0 6 -5 0 -1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 1 2 1 1 2 0 1
Inventory Days 21 41 50 38 26 27 40 38 73 63 55 23
Days Payable 21 12 11 11 11 12 10 21 8 6 13 17
Cash Conversion Cycle 0 29 40 28 14 16 31 18 66 60 42 7
Working Capital Days -34 -58 -22 -19 -26 -17 -8 -7 25 17 -1 9
ROCE % 20% 29% 22% 55% 33% 42% 37% 23% 20% 20% 20%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.43% 74.43% 74.43% 74.43% 74.43% 74.43% 74.43% 74.43% 74.43% 74.43% 74.43% 74.43%
1.38% 1.60% 1.91% 1.70% 1.63% 1.78% 1.68% 1.66% 0.30% 0.34% 0.30% 0.36%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00%
24.19% 23.97% 23.66% 23.87% 23.94% 23.80% 23.89% 23.91% 25.26% 25.24% 25.27% 25.22%
No. of Shareholders 24,96824,56726,49328,99929,44530,42030,64931,10032,13732,30932,33733,605

* 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.

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