MarketFriction

G M Breweries Ltd

NSE GMBREW · BSE 507488 · Breweries & Distilleries
₹952.00 -1.55%
NSE close2026-10-01
52 week range699.70 - 1,328.80
Market cap₹2,197 Cr.
P/E13.0
Results 08-10 Price band 20% Delivery 54.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales152157160152149166169163181202202200
Expenses122132135121121136141132136150150153
Operating Profit302525312830293145535246
OPM %20%16%16%21%18%18%17%19%25%26%26%23%
Other Income177143140535176
Interest000000000000
Depreciation222222111122
Profit before tax293195332929683547566850
Tax %24%26%8%25%25%25%12%25%25%25%21%25%
Net Profit222387252222602635425438
EPS in Rs9.819.9138.0010.929.489.6226.4611.3215.2718.3923.6716.52
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales360375426464469340458594615637748785
Expenses264306318347380265363477508519567588
Operating Profit9669108117897596117107118181196
OPM %27%18%25%25%19%22%21%20%17%18%24%25%
Other Income1041014930292080483031
Interest1200000000100
Depreciation566775666555
Profit before tax886711112391100118132181160205221
Tax %34%35%34%33%25%20%21%24%16%19%24%
Net Profit58447382688093100152129157169
EPS in Rs25.4619.0631.8336.1029.7635.1340.9543.8066.4656.4868.6473.85
Dividend Payout %5%10%6%7%8%9%10%11%8%13%13%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%17%8%21%
Compounded Profit Growth9%11%10%30%
Stock Price CAGR9%14%18%36%
Return on Equity17%15%15%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121215151818181818182323
Reserves1141692102773494124875736638049161,055
Borrowings3200000000000
Other Liabilities48505560575368778795159147
Total Liabilities2062312793514244845736687699171,0981,225
Fixed Assets867996111139159138137185240291257
CWIP1276644826202086047
Investments778846108163226287379446526590570
Other Assets426261697473128133131146217351
Total Assets2062312793514244845736687699171,0981,225
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2060536361791979659162-96
Cash from Investing Activity-13-4-50-61-57-7210-95-87-48-149114
Cash from Financing Activity-3-32-4-5-5-7-6-7-9-11-13-17
Net Cash Flow424-1-4-2-06-50-1-01
Free Cash Flow3260435537812999597116-114
CFO/OP76%93%111%94%88%113%26%128%109%82%164%-26%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000121120121
Inventory Days503826274038736355404644
Days Payable1111111210218613292714
Cash Conversion Cycle402814163118666042122131
Working Capital Days-30-19-26-17-8-72517-19-4119
ROCE %22%55%33%42%37%23%20%20%20%24%18%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.43%
FIIs0.34%0.30%0.36%0.63%0.34%0.37%0.32%0.44%0.37%1.20%1.19%0.61%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.15%0.01%0.00%
Public25.24%25.27%25.22%24.94%25.22%25.20%25.25%25.12%25.18%24.22%24.39%24.97%
No. of Shareholders32,30932,33733,60539,89046,66546,89648,92849,40649,02647,20747,36348,929

Fundamentals

Market Cap₹ 2,197 Cr.
Current Price₹ 963
Stock P/E13.0
Book Value₹ 472
ROCE18.0 %
ROE12.5 %
Dividend Yield0.93 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)30%
Standalone figures.
Valuation
Market capRs 2,175 Cr
Enterprise valueRs 2,163 Cr
P/E (TTM)12.89x
Price to book2.02x
Price to sales2.77x
EV / EBITDA9.52x
EV / EBIT9.76x
EV / sales2.76x
Earnings yield7.76%
Dividend yield0.95%
P/E, 3-year average10.49x
P/B, 3-year average1.58x
P/E, 5-year average10.10x
P/B, 5-year average1.53x
Profitability
Operating margin (excl. other income)24.16%
Operating margin (incl. other income)28.21%
EBITDA margin28.95%
Pre-tax margin28.21%
Net profit margin21.50%
Net margin, latest quarter18.91%
ROE15.55%
ROCE20.40%
ROA13.50%
ROE, 3-year average16.79%
ROCE, 3-year average20.93%
ROA, 3-year average14.76%
ROE, 5-year average16.62%
ROCE, 5-year average21.00%
ROA, 5-year average14.64%
ROIC (approx.)15.87%
Tax rate23.66%
Other income / net worth2.80%
Growth
Sales growth (latest year)17.48%
Profit growth (latest year)21.54%
Sales CAGR, 3 years8.01%
Sales CAGR, 5 years17.07%
Profit CAGR, 3 years16.24%
Profit CAGR, 5 years14.39%
Sales growth QoQ-1.36%
Profit growth QoQ-30.20%
Sales growth YoY (latest quarter)22.55%
Profit growth YoY (latest quarter)45.94%
Per share
EPS (TTM)Rs 73.84
EPS (latest year)Rs 68.64
EPS (latest quarter)Rs 16.52
EPS, 3-year averageRs 69.34
EPS, 5-year averageRs 62.74
Book value per shareRs 471.95
Sales per shareRs 343.40
Cash flow per shareRs -41.85
Free cash flow per shareRs -49.90
Dividend per share (latest year)Rs 9.00
Dividend per share, 3-year averageRs 7.84
Dividend per share, 5-year averageRs 6.90
Dividends
Dividend payout13.12%
Dividend payout, 3-year average11.62%
Dividend payout, 5-year average11.12%
Efficiency
Asset turnover0.61x
Fixed asset turnover2.91x
Inventory turnover15.18x
Inventory days24 days
Debtor days1 days
Debtors turnover333.86x
Creditor days14 days
Cash conversion cycle31 days
Working capital days19 days
Leverage
Cash and bankRs 12 Cr
Net debtRs -12 Cr
Net debt / EBITDA-0.05x
Interest coverage692.59x
Current ratio (filing 2026-03-31)1.35x
Quick ratio (filing 2026-03-31)1.12x
Trade payables (filing 2026-03-31)Rs 11 Cr
Owners' fund to total sources87.99%
Cash flow
Cash from Operating Activity (latest year)Rs -96 Cr
Cash from Investing Activity (latest year)Rs 114 Cr
Cash from Financing Activity (latest year)Rs -17 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -114 Cr
Cash from ops / profit, 5 years0.50x
Statement figures
Net sales (TTM)Rs 785 Cr
Net sales (latest year)Rs 748 Cr
Sales (latest quarter)Rs 200 Cr
Operating profit excl. other income (latest year)Rs 181 Cr
Operating profit (latest quarter)Rs 46 Cr
Other income (TTM)Rs 31 Cr
EBITDA (TTM)Rs 227 Cr
PBDT (TTM)Rs 227 Cr
Profit before tax (TTM)Rs 221 Cr
Tax (latest year)Rs 49 Cr
Net profit (TTM)Rs 169 Cr
Net profit (latest year)Rs 157 Cr
Net profit (latest quarter)Rs 38 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 520 Cr
Total expenditure (latest year)Rs 567 Cr
Total income (latest year)Rs 778 Cr
Share capitalRs 23 Cr
ReservesRs 1,055 Cr
Shareholders' fundsRs 1,078 Cr
Total assetsRs 1,225 Cr
Net blockRs 257 Cr
Capital work in progressRs 47 Cr
InvestmentsRs 570 Cr
ReceivablesRs 2 Cr
InventoryRs 34 Cr
Other liabilitiesRs 147 Cr
Shares outstanding (crore)2.28
Ownership
Promoter holding74.43% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 12.9 is at the 53th percentile of its own 9.4-year range (median 12.4, low 6.9, high 37.0).
P/B 2.02 is at the 49th percentile (median 2.03).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGMBREWNifty 50Difference
1 week-1.6%-2.8% +1.2 pts
1 month+8.7%-6.8% +15.4 pts
3 months-2.6%-7.6% +5.0 pts
6 months-3.1%+0.4% -3.5 pts
1 year+33.6%-9.9% +43.5 pts
2 years-1.0%-13.6% +12.5 pts
3 years+63.8%+14.2% +49.6 pts
5 years+95.2%+27.9% +67.3 pts

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 29% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 21% of total assets in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹200 Cr +22.7% vs Jun 2025. Net profit ₹38 Cr +46.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-05-21Dividend - Rs 9 Per Share
2025-05-22Dividend - Rs 7.5 Per Share
2024-05-24Bonus 1:40.8000
2024-05-09Annual General Meeting/Dividend - Rs 7 Per Share
2023-05-16Annual General Meeting/Dividend - Rs 6 Per Share
2022-05-13Annual General Meeting/ Dividend - Rs 5 Per Share
2021-06-28 Annual General Meeting/Dividend - Rs 4 Per Share
2020-07-29 Annual General Meeting/Dividend - Rs 3 Per Share
2019-05-06 Annual General Meeting/ Dividend Rs 3 Per Share
2018-05-21 Bonus 1:40.8000
2018-05-02 Annual General Meeting / Dividend Rs 3 Per Share
2017-05-09 Annual General Meeting/Dividend - Rs 3/- Per Share
2016-05-30 Bonus 1:40.8000
2016-05-10 Annual General Meeting And Dividend Rs.2.50 Per Share
2015-05-08Annual General Meeting/Dividend - Rs 2.50/- Per Share
2014-05-16Dividend Rs 2.50/- Per Share / Bonus 1 : 40.8000
2013-04-26Annual General Meeting/Dividend Rs.2.50 Per Share
2012-05-02Annual General Meeting And Dividend Rs.2.50 Per Share
2011-05-02Dividend-Rs.2.50 Per Share
2010-04-28Dividend-Rs.2/- Per Share
2009-04-27Dividend - 20%
2008-04-30Dividend - 25%
2007-05-03Agm/Final Dividend - 18%
2006-04-27Dividend-15%
DateTypeWhat it says
2026-07-13Board meeting outcomeGM Breweries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-13Structural Digital DatabaseCompliance Certificate for the Quarter ended June 30, 2026
2026-07-09Board meeting outcomeUn - Audited Financial Results for The Quarter Ended June 30, 2026
2026-07-09Board meeting outcomeGM Breweries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-22Shareholder meetingMinutes of 43rd AGM
2026-05-28Shareholder meetingVoting Results and Scrutinisers Report
2026-05-28Shareholder meetingAGM Proceedings Out Come
2026-04-28Record DateRecord date for the purpose of Dividend is 21-May-2026.
2026-04-15Structural Digital DatabaseSDD Compliance Certificate
2026-04-09Disclosure under SEBI TakeovAlmeida Holdings Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Ind...
2026-04-09Board meeting outcomeGM Breweries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-02Registrar & Share Transfer ARegistrar & Share Transfer Agent Update
2026-02-17Shareholder meetingWith copy of minutes of Extraordinary General Meeting held on February 05, 2026
2026-02-05Shareholder meetingGM Breweries Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on February 05, 2026
2026-02-05Shareholder meetingProceedings of Extraordinary General Meeting held on February 05, 2026
2026-01-12Structural Digital DatabaseSDD Cerificate
2026-01-07Record DateRecord date for the purpose of Meeting is 29-Jan-2026.
2026-01-06Shareholder meetingNotice of Extraordinary General Meeting to be held on February 05, 2026
2026-01-06Board meeting outcomeOutcome of Board Meeting held on January 06, 2026.
2026-01-06Board meeting outcomeGM Breweries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-11-12General UpdatesGeneral Updates
2025-11-11Board meeting outcomeOutcome of Board Meeting held on November 11, 2025.
2025-10-16General UpdatesGeneral Updates
2025-10-15General UpdatesGeneral Updates
2025-10-09Board meeting outcomeOutcome of Board Meeting held on October 09, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03