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Globus Spirits Ltd (GLOBUSSPR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533104 NSE: GLOBUSSPR Breweries & Distilleries | Small Cap | Globus Spirits Share Price

₹864.85 -15.30 (-1.74%)

As on 04-Jun'26 16:59

Globus Spirits Ltd (GLOBUSSPR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533104 NSE: GLOBUSSPR Breweries & Distilleries | Small Cap | Globus Spirits Share Price

₹864.85 -15.30 (-1.74%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,521 Cr.
Current Price
₹864.9
52-Week Low / High
₹797 / 1,304
TTM EPS
₹32.6
TTM Sales
₹3,609 Cr.
Book Value per Share
₹376.2
P/E Ratio
26.57
Higher than its 5-year historical median
Industry PE
54.3
Price to Book (P/B)
2.30
Lower than its 5-year historical median
Price to Sales (P/S)
0.70
Lower than its 5-year historical median
EV/EBITDA
10.87
In line with its 5-year historical median
Dividend Yield
0.26%
Profitability Efficiency
Return on Equity (ROE)
2.55%
Underperforms industry median
Return on Capital Employed (ROCE)
5.84%
Underperforms industry median
Return on Assets (ROA)
1.28%
Operating Profit Margin
6.1%
Net Profit Margin
0.98%
Gross Profit Margin
3.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.02%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-9.76%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-74.19%
Asset Quality
Promoter Holding
50.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,067 Cr.
Equity
₹29.2 Cr.
Face Value
₹10
All Time Low / High
₹39.25 / 1760.00

Globus Spirits stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Globus Spirits Ltd a good quality company?
Globus Spirits Ltd is a average quality company, based on a somewhat consistent 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 Globus Spirits Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Globus Spirits Ltd vs industry peers?
Globus Spirits Ltd revenue CAGR is 16.87%, compared to the industry median CAGR of 15.31%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Globus Spirits Ltd?
Promoters hold 50.58% of the Globus Spirits Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Globus Spirits Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 29.9% based on the current price.

10 Year X-Ray : Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Globus Spirits Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 5.7%5.3%6.1%10.4%15.6%31.2%34.1%18.7%9.7%5.8%-
Value Creation
Index
-0.6-0.6-0.6-0.30.11.21.40.3-0.3-0.6-

Growth Parameters

Sales 7077748559841,1631,2311,5792,1092,4152,5363,609
Sales YoY Gr.-9.6%10.4%15.1%18.2%5.8%28.3%33.6%14.5%5%-
Adj EPS 4.25.42.210.620.649.964.942.333.48.632.6
YoY Gr.-26.7%-58.3%371.9%94.5%142.9%30%-34.9%-21.1%-74.3%-
BVPS (₹) 126.2129.3131.7142.4162.8205.1268.1307.5335.6342376.2
Adj Net
Profit
12.215.56.530.559.214418712296.224.895
Cash Flow from Ops. 75.371.455.861.315414221910217269.5-
Debt/CF from Ops. 3.43.84.53.81.21.30.82.71.97.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15.3%16.9%17.1%5%
Adj EPS 8.2%-16%-49.1%-74.3%
BVPS11.7%16%8.5%1.9%
Share Price 30% 19.6% -7.8% -14.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.44.21.77.713.527.127.414.710.42.59.1
Op. Profit
Mgn %
9.97.28.19.611.420.720.811.67.16.17.2
Net Profit
Mgn %
1.720.83.15.111.711.85.8412.6
Debt to
Equity
0.70.70.70.60.40.30.20.30.30.50.2
Working Cap
Days
7368826955576171767842
Cash Conv.
Cycle
-12-15-412-7-55613-1

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7077748559841,1631,2311,5792,1092,4152,536
Operating Expenses + 6377197868901,0309761,2511,8632,2442,382
Manufacturing Costs276149192212232215280419577726
Material Costs2714685195967156608341,2671,4531,407
Employee Cost 16172326313850657988
Other Costs 74855256526287112136162
Operating Profit 70566994133255329246171154
Operating Profit Margin (%) 9.9%7.2%8.1%9.6%11.4%20.7%20.8%11.6%7.1%6.1%
Other Income + 456857781410
Exceptional Items 0000000000
Interest 17182726241911172747
Depreciation 42273636384143566682
Profit Before Tax 15161240772022811809235
Tax 2-05917589458-510
Profit After Tax 1316731591441871229725
PAT Margin (%) 1.8%2.1%0.8%3.1%5.1%11.7%11.9%5.8%4.0%1.0%
Adjusted EPS (₹)4.45.62.410.620.650.065.042.433.68.6
Dividend Payout Ratio (%)0%0%0%0%4.90%4%4.60%14.10%10.40%31.90%

Valuation of Globus Spirits - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 364372379410469591772886967988
Share Capital 29292929292929292929
Reserves 335343351381440562744857938959
Debt +230249222201137134159233259450
Long Term Debt15917514316913310710911192162
Short Term Debt7074793142750122167288
Minority Interest0000000000
Trade Payables721039693106119138207315428
Others Liabilities 13312112985119183218291246235
Total Liabilities 7998468277888311,0271,2871,6171,7882,101

Fixed Assets

Net Fixed Assets +4346326095745695796708269561,018
Gross Block6206596716727057558891,1021,2981,441
Accumulated Depreciation186276399136177219276341423
CWIP 13100123048989990150
Investments 05552700046
Inventories4168607198102108158189208
Trade Receivables373548482988118210276322
Cash Equivalents 27222205976357769
Others Assets 1271041027758150217289197327
Total Assets 7998468277888311,0271,2871,6171,7882,101

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 7571566115414221910217270
PBT 15161240772022811809235
Adjustment 604362626057486789130
Changes in Working Capital 215-15-3229-83-60-11429-93
Tax Paid -1-3-3-9-12-34-50-31-38-3
Cash Flow From Investing Activity + -166-77-10-14-59-98-218-211-167-210
Capex -149-74-19-30-39-89-173-220-175-208
Net Investments 0-50-0-23-11-4847-6
Others -172916224524
Cash Flow From Financing Activity + 930-47-47-77-15-2485-6142
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 11119-20-22-24-22-2755-2880
Interest Paid -16-19-26-26-24-18-11-18-28-45
Dividend Paid 00000-3-6-9-17-10
Others -2000-2828215767116
Net Cash Flow 3-5-1-01829-23-24-11

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.494.391.877.7413.527.1827.4814.7410.442.55
ROCE (%)5.665.316.0710.415.5531.2334.1218.699.665.84
Asset Turnover Ratio1.331.351.111.331.551.82.031.941.861.82
PAT to CFO Conversion(x)5.774.4481.972.610.991.170.841.772.8
Working Capital Days
Receivable Days13.901216.4016.3011.2012.801621.202830.80
Inventory Days16.801825.1022.3024.5021.8016.4017.202020.50
Payable Days101.4068.5070.2057.9050.7062.1056.3049.8065.6065.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Globus Spirits Ltd FAQs

The current trading price of Globus Spirits on 04-Jun-2026 16:59 is ₹864.9.

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 03-Jun-2026 the market cap of Globus Spirits stood at ₹2,520.9 Cr

The latest P/E ratio of Globus Spirits as of 03-Jun-2026 is 26.57.

The latest P/B ratio of Globus Spirits as of 03-Jun-2026 is 2.30.

The 52-week high of Globus Spirits is ₹1,304 and the 52-week low is ₹797.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Globus Spirits is ₹3,609 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Globus Spirits Ltd is a average quality company.

The key valuation ratios of Globus Spirits 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 Weak which suggest that the price of Globus Spirits Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Globus Spirits Ltd

Globus Spirits (GSL) was originally incorporated as Globus Agronics Limited on February 16, 1993 with the Registrar of Companies, Delhi & Haryana, and obtained the Certificate of Commencement of Business on March 19, 1993. The name of the Company was subsequently changed to Globus Spirits Limited vide a fresh Certificate of Incorporation obtained on January 23, 2007 from the Registrar of Companies, Delhi and Haryana at New Delhi.

The company’s product excellence has ENAbled it to pioneer branding in the IMIL space with launch of India’s 1st ENA based country liquor brand- Nimboo. As a first for the industry, the company gave the bottom of the pyramid consumer a better tasting product, along with superior packaging that the consumers otherwise expect from other FMCG lines. This has led to a higher value perception of its brands. Little wonder then, that every day it is redefining ‘country liquor’ in India.

The company’s manufacturing facilities are ENAbling excellence by maximising yields from raw material. Its fully operational production units allow it to maximise alcohol yield while maximising production of by products leading to complete utilisation of the raw material. These facilities are also ENAbling a clean environment with a zero pollution footprint and cogeneration of power using renewable biomass as fuel.  

Business area of the company

Globus Spirits Limited (the Group) 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.

Product range of the company includes:

IMFL

  • White Lace Gin White Lace Dry Gin
  • White Lace Duet Gin GR 8 Times Dry Gin Samurai Gold Extra Rich Blend Whisky
  • Samurai Premium Whisky 20-20 Premium Whisky
  • 20-20 Superior Whisky 
  • GR 8 Times Whisky
  • GR 8 Times XXX Rum
  • Hannibal Legendry RumHannibal Legendry XXX Rum 
  • Samurai XXX Rum
  • Samurai Grape Brandy
  • Samurai Superior Grape Brandy 
  • Samurai Superior Whisky 
  • Academy Deluxe XXX Rum
  • Academy Deluxe Brandy

Country Liquor

  • Rana
  • Rajasthan No.-1
  • Ghoomar
  • Samalkha No.-1
  • Samalkha Ki Saunfi
  • Kinnu
  • Commander

History and milestones

1994-95

  • First Distillery set up; commenced production of Ethyl Alcohol in April 1994 at Samalkha Unit, Haryana. Unit was set up with an installed capacity of 144 lakh BL per annum.
  • Purchase of land at Village Shyampur, Tehsil Behror, District Alwar, Rajasthan for setting up a Distillery unit for manufacturing 40,000 Bulk Litres of Rectified Spirit and 20,000 Bulk Litres of Extra Neutral Alcohol per day.
  • The company acquired 18 acres of land in village Shyampur in Behror, Rajasthan.

1995-96

  • Sets up second Distillery unit at Behror, Rajasthan; Unit commissioned.
  • Authorised Share Capital increased from Rs. 5 crores to Rs. 10 crores.
  • Bonus issue to existing shareholders in the ratio of 12 equity shares for every 10 equity shares held.
  • Enters into agreement with International Distilleries (India) Ltd. - a subsidiary of International Distillers and Ventures, UK, to bottle IMFL products under the brand name of ‘IDI’.

1996-97

  • During the year Behror Unit also started production. The sale was Rs. 5092.12 lakhs with a profit after tax of Rs. 278.42 lakhs. The Company has also exported alcohol to the tune of Rs. 4221.54 lakhs during the year.

1998-99 

  • Takes up work at Samalkha unit for conversion of molasses supplied by Panipat Co-operative Sugar Mills.
  • The company has started production of IMFL at its Behror unit under the brand name of Rajputana.

1999-2000

  • Commenced bottling of IMFL at Behror Unit in August, 1999; and Country Liquor at Samalkha Unit in December, 1999.

2000-01

  • Haryana State Pollution Control Board on 29.8.2000 orders closure of distillery unit at Samalkha for alleged non-compliance of pollution requirements.

2001-02

  • Haryana Pollution Control Board orders start of Bottling of Country Liquor at Samlakha unit on 17.8.2001.
  • Bottling at Samlakha Unit starts w.e.f 23.3.2002 after clearance by Hon’ble High Court of Punjab & Haryana on issues raised by State Excise Department.

2003-04

  • Enters into agreement on 26.7.2002 with Hi-Life Impex Pvt Ltd (Hi-Life) for use of Trademarks in respect of Ready to Drink Beverages (RTDB) and manufactures the same under technical know-how from Hi-Life.
  • Commercial production of RTDB starts from 27.9.2003.

2004-05

  • Sets up Effluent Treatment and Environment friendly Bio-Composite Plant and entire plant and machinery repaired in order to start the Distillation plant at Samalkha Unit.

2005-06

  • Distillation Plant commences operation at Samalkha Unit in April, 2005.

2006-07

  • Authorised Share Capital increased from Rs. 10 crores to Rs. 15 crores.
  • Name of the Company changed from Globus Agronics Limited to Globus Spirits Limited with effect from 23.1.2007.

2007-08

  • Authorised Share Capital increased from Rs. 15 crores to Rs. 25 crores.

2008-09

  • Launched Hannibal Legendary, one of its core brands, in the rum segment  

 2009-10

  • Launched Initial Public Offer and listed on stock exchanges (BSE & NSE). 

2010-11

  • Completed capacity expansion at Samalkha & Behror plants, increasing capacity from 28.8 million bulk litre to 70.0 million bulk litres p.a.
  • Launched flagship whisky brand, County Club, in six states across India.
  • Entered into a tie-up with Jagatjit Industries for bottling of their popular brands at Samalkha, Haryana.

2011-12

  • Merged Associated Distillers Limited (ADL) with GSL, thereby, increasing total capacities to 84.4 million bulk litres p.a. Launched brand Nimboo in the IMIL segment in Haryana, which became an immediate success.

2012-13

  • IMIL brand Nimboo launched in Rajasthan in 2012.
  • White Lace becomes 3rd largest selling gin in its category in Rajasthan

2013-14

  • Hannibal Rum brand approved for CSD, sales commenced in FY 2014.

2014-15

  • Ghoomer, largest selling IMIL brand by a private player in Rajasthan, with 15% market share.

2015-16

  • Scaled up contracts with United Spirits and ABD.

2016-17

  • Launched Goldee as an umbrella brand with multiple flavor variants in West Bengal.

2017-18

  • Entered attractive West Bengal IMIL market backed by the 360° mode.
  • Unibev, premium IMFL venture, launched its first brand in Pondicherry.

2018-19

  • Unibev, premium IMFL venture, entered 4 more markets with a portfolio of 3 brands.

2019-20

  • 145 million litres of production with zero discharge.
  • End to end production of 15 million cases of bottled beverages.
  • 91% utilization of operating capacity, 34% used in-house for value added products.

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