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About
GM Breweries Ltd (GMBREW)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507488 NSE: GMBREW Breweries & Distilleries | Small Cap | GM Breweries Share Price
₹908.50 -3.95 (-0.43%)
As on 11-Sep'26 16:59
GM Breweries Ltd (GMBREW)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507488 NSE: GMBREW Breweries & Distilleries | Small Cap | GM Breweries Share Price
₹908.50 -3.95 (-0.43%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹2,076 Cr.
Current Price
₹908.5
52-Week Low / High
₹691 / 1,328
TTM EPS
₹68.6
TTM Sales
₹1,735 Cr.
Book Value per Share
₹488.5
P/E Ratio
13.23
Higher than its 5-year historical median
Industry PE
51.4
Price to Book (P/B)
1.86
In line with its 5-year historical median
Price to Sales (P/S)
1.20
Higher than its 5-year historical median
EV/EBITDA
9.78
Higher than its 5-year historical median
Dividend Yield
0.99%
Profitability Efficiency
Return on Equity (ROE)
15.55%
Outperforms industry median
Return on Capital Employed (ROCE)
20.40%
Outperforms industry median
Return on Assets (ROA)
13.50%
Operating Profit Margin
10.4%
Net Profit Margin
9.04%
Gross Profit Margin
7.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
18.79%
Operating Profit Growth (1 Year)
-
40.44%
Net Profit Growth (1 Year)
-
21.54%
Asset Quality
Promoter Holding
74.43%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,093 Cr.
Equity
₹22.9 Cr.
Face Value
₹10
All Time Low / High
₹0.82 / 1328.00
Check Before You Invest
Quality
Not GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is GM Breweries Ltd a good quality company?
GM Breweries Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does GM Breweries Ltd performance compare with that of its Peers?
Revenue growth of GM Breweries Ltd vs industry peers?
GM Breweries Ltd revenue CAGR is %, compared to the industry median CAGR of 10.81%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of GM Breweries Ltd?
Promoters hold 74.43% of the GM Breweries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of GM Breweries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.7% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
GM Breweries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 33.1% | 43.2% | 37.5% | 22.8% | 21.4% | 21.5% | 20.7% | 24.2% | 18.2% | 20.4% | - |
| Value Creation Index ⓘ | 1.4 | 2.1 | 1.7 | 0.6 | 0.5 | 0.5 | 0.5 | 0.7 | 0.3 | 0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 748 | 919 | 982 | 971 | 710 | 1,041 | 1,358 | 1,409 | 1,461 | 1,735 | 3,141 |
| Sales YoY Gr. | - | 22.9% | 6.9% | -1.1% | -26.9% | 46.7% | 30.4% | 3.8% | 3.7% | 18.8% | - |
| Adj EPS ⓘ | 19 | 31.2 | 35.8 | 31 | 33 | 38.9 | 42 | 64.9 | 56.2 | 65.8 | 73.8 |
| YoY Gr. | - | 64.4% | 14.7% | -13.3% | 6.3% | 18% | 8.1% | 54.5% | -13.4% | 17.2% | - |
| BVPS (₹) ⓘ | 98.3 | 127.5 | 160.6 | 188.4 | 221 | 258.7 | 298.4 | 359.9 | 410.8 | 472 | 488.5 |
| Adj Net Profit ⓘ | 43.3 | 71.3 | 81.7 | 70.8 | 75.3 | 88.8 | 96 | 148 | 128 | 150 | 169 |
| Cash Flow from Ops. ⓘ | 52.9 | 62.9 | 61.3 | 78.8 | 1.4 | 97.5 | 96 | 59.3 | 162 | -95.6 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.8% | 19.6% | 8.5% | 18.8% | ||||
| Adj EPS ⓘ | 14.8% | 14.8% | 16.2% | 17.2% | ||||
| BVPSⓘ | 19% | 16.4% | 16.5% | 14.9% | ||||
| Share Price | 9.3% | 14.3% | 19.3% | 29.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 21.4 | 27.6 | 24.8 | 17.8 | 16.1 | 16.2 | 15.1 | 19.7 | 14.6 | 14.9 | 15.4 |
| Op. Profit Mgn % ⓘ | 9.2 | 11.7 | 11.9 | 9.1 | 10.6 | 9.2 | 8.6 | 7.6 | 8.1 | 10.4 | 6.3 |
| Net Profit Mgn % ⓘ | 5.8 | 7.8 | 8.3 | 7.3 | 10.6 | 8.5 | 7.1 | 10.5 | 8.8 | 8.7 | 5.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 11 | 13 | 14 | 13 | 26 | 23 | 17 | 18 | 19 | 28 | 10 |
| Cash Conv. Cycle ⓘ | 1 | 0 | 1 | 1 | 3 | 5 | 4 | 1 | -1 | 1 | 3 |
Valuation of GM Breweries - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'25 | Mar'26 |
|---|---|---|
| Sales | 1,461 | 1,735 |
| Operating Expenses ⓘ + | 1,343 | 1,570 |
| Operating Profit ⓘ | 118 | 165 |
| Operating Profit Margin (%) | 8.1% | 9.5% |
| Other Income ⓘ + | 48 | 46 |
| Interest ⓘ | 1 | 0 |
| Depreciation ⓘ | 5 | 5 |
| Profit Before Tax ⓘ | 160 | 205 |
| Tax ⓘ | 31 | 49 |
| Profit After Tax | 129 | 157 |
| PAT Margin (%) | 8.8% | 9.0% |
| Adjusted EPS (₹) | 56.5 | 68.6 |
| Dividend Payout Ratio (%) | 13.30% | 13.10% |
| PARTICULARS | Mar'25 | Mar'26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 939 | 1,078 | |||||||||
| Debt + | 0 | 0 | |||||||||
| Minority Interest | 0 | 0 | |||||||||
| Trade Payables | 19 | 11 | |||||||||
| Others Liabilities ⓘ | 140 | 136 | |||||||||
| Total Liabilities ⓘ | 1,098 | 1,225 | |||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 50 | 42 | |||||||||
| CWIP ⓘ | 0 | 47 | |||||||||
| Investments ⓘ | 590 | 570 | |||||||||
| Inventories | 33 | 34 | |||||||||
| Trade Receivables | 3 | 2 | |||||||||
| Cash Equivalents | 95 | 12 | |||||||||
| Others Assets ⓘ | 328 | 517 | |||||||||
| Total Assets ⓘ | 1,098 | 1,225 | |||||||||
| PARTICULARS | Mar'25 | Mar'26 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 162 | -96 |
| Cash Flow From Investing Activity ⓘ + | -149 | 114 |
| Cash Flow From Financing Activity ⓘ + | -13 | -17 |
| Net Cash Flow ⓘ | -0 | 1 |
| PARTICULARS | Mar'25 | Mar'26 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.75 | 15.55 | ||||||||
| ROCE (%) | 17.1 | 20.4 | ||||||||
| Asset Turnover Ratio | 2.28 | 2.56 | ||||||||
| PAT to CFO Conversion(x) | 1.26 | -0.61 | ||||||||
| Working Capital Days | ||||||||||
| Receivable Days | 0.40 | 0.30 | ||||||||
| Inventory Days | 4.80 | 4.10 | ||||||||
| Payable Days | 26.90 | 19.30 | ||||||||
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GM Breweries Ltd FAQs
The current trading price of GM Breweries on 11-Sep-2026 16:59 is ₹908.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of GM Breweries stood at ₹2,075.6 Cr
The latest P/E ratio of GM Breweries as of 10-Sep-2026 is 12.30.
The latest P/B ratio of GM Breweries as of 10-Sep-2026 is 1.86.
The 52-week high of GM Breweries is ₹1,328 and the 52-week low is ₹691.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GM Breweries is ₹3,141 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that GM Breweries Ltd is a below average quality company.
The key valuation ratios of GM Breweries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of GM Breweries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About GM Breweries Ltd
GM Breweries was incorporated in the year December 1981. The company is engaged in the manufacture of alcoholic liquor. It blends and bottles alcoholic liquor and concentrates more on country liquor. It has its manufacturing unit in Thane district of Maharashtra with installed capacities of 82.6 million bulk liters of country liquor and 12.4 million bulk liters of Indian made foreign liquor. The company markets its products brandy, rum and whiskey under brand names Pioneer Doctor Brandy, Pioneer Special Doctor Brandy, Hot Shot Rum and Reporter Choice Whiskey. The company has imported oakwood barrels to mature the whiskey in order to impart the liquor with the correct character, color, strength and distinctive taste.
The company has a major presence in Mumbai, Navi Mumbai and Thane and is the single largest manufacturer of country liquor in Maharashtra. The registered office of the company is located at Ganesh Niwas, S. Veer Savarkar Marg, Prabhadevi, Mumbai-400025.
Milestones:
- 1981 - The company was incorporated in December.
- 1993 - 23,24,900 equity held by promoters. - 14,27,100 equity shares of Rs 10 each for cash at a premium of Rs 5 per share allotted to promoters. 6,71,800 sequity shares of Rs 10 each at a premium of Rs 5 per share allotted to NRI's on preferential basis. 49,60,100 equity shares of Rs 10 each at a premium of Rs 5 per share allotted to the Indian public.
- 1990- The company became public in August. It has substantial market share in the country liquor segment in Mumbai and Maharashtra.
- 2010 - GM Breweries has informed that the Board of Directors of the Company at its meeting held on January 21, 2010, has appointed Paresh N. Trivedi as an Independent Non Executive additional Director. - Gm Breweries has informed that the company has appointed Sandeep Kutchhi as a company secretary with effect from September 04, 2009.
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