Is GM Breweries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that GM Breweries Ltd is a good quality company .

Is GM Breweries undervalued or overvalued?

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 .

What is GM Breweries share price return in the past 10 years?

GM Breweries Ltd share price has appreciated 27.1% annually (CAGR) over the past ten years.

Is GM Breweries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of GM Breweries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

GM Breweries Ltd - Stock Valuation and Financial Performance

Name: GM Breweries
Brand: GM Breweries

BSE: 507488 | NSE: GMBREW | Breweries & Distilleries | Small Cap

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GM Breweries Share Price

₹747.70 -9.95 -1.31%
as on 19-Apr'24 16:01

10 Year X-Ray of GM Breweries:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	17.9%	13.3%	32.5%	21.4%	27.6%	24.8%	17.8%	16.1%	16.2%	15.1%	-
Value Creation Index ⓘ	0.3	-0.1	1.3	0.5	1.0	0.8	0.3	0.2	0.2	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	485	516	690	748	426	464	469	340	458	594	615
Sales YoY Gr.	-	6.4%	33.6%	8.4%	-43%	9%	1%	-27.4%	34.8%	29.5%	-
Adj EPS ⓘ	11.8	9.6	29.3	23.7	39	44.7	38.8	41.2	48.6	52.5	82.9
YoY Gr.	-	-18.9%	206.8%	-19.2%	64.5%	14.6%	-13.3%	6.4%	17.9%	8.1%	-
BVPS (₹) ⓘ	62.6	69	99	122.9	159.4	200.7	235.5	276.3	323.4	373	449.9
Adj Net Profit ⓘ	21.5	17.5	53.6	43.3	71.3	81.7	70.8	75.3	88.8	96	152
Cash Flow from Ops. ⓘ	28	19.8	59.9	52.9	62.9	61.3	78.8	1.4	97.5	96	-
Debt/CF from Ops. ⓘ	1	1.6	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	2.3%	6.9%	8.2%	29.5%
Adj EPS ⓘ	18.1%	6.1%	10.7%	8.1%
BVPSⓘ	21.9%	18.5%	16.6%	15.4%
Share Price	27.1%	5.5%	23.5%	27.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	20.5	14.5	34.9	21.4	27.6	24.8	17.8	16.1	16.2	15.1	20.2
Op. Profit Mgn % ⓘ	8.1	6.8	12.4	9.2	25.3	25.2	18.9	22.1	20.8	19.7	4.5
Net Profit Mgn % ⓘ	4.4	3.4	7.8	5.8	16.7	17.6	15.1	22.1	19.4	16.2	24.6
Debt to Equity ⓘ	0.3	0.3	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	22	17	9	11	13	14	13	26	23	17	8
Cash Conv. Cycle ⓘ	-1	3	2	1	-3	-2	-3	-3	4	1	1

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.10%

Net Profit is growing at healthy rate in last 3 years 10.67%

Sales growth has been subdued in last 3 years 8.19%

Sales growth is not so good in last 4 quarters at 3.92%

Latest Financials - GM Breweries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	82.9	-
TTM Sales (₹ Cr.)	615	-
BVPS (₹.) ⓘ	449.9	-
Reserves (₹ Cr.) ⓘ	804	-
P/BV ⓘ	1.67	-
PE ⓘ	9.08	-

From the Market
52 Week Low / High (₹)	548.65 / 815.25
All Time Low / High (₹)	1.02 / 969.60
Market Cap (₹ Cr.)	1,376
Equity (₹ Cr.)	18.3
Face Value (₹)	10
Industry PE ⓘ	71.6

Management X-Ray of GM Breweries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of GM Breweries

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of GM Breweries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	516	690	748	426	464	469	340	458	594	615
Operating Expenses ⓘ	481	604	679	318	347	384	265	363	477	508
Manufacturing Costs	111	114	120	127	150	146	94	148	198	202
Material Costs	137	124	153	159	162	197	140	184	242	265
Employee Cost	8	9	9	10	11	11	9	8	10	11
Other Costs ⓘ	225	357	396	23	25	30	22	23	27	30
Operating Profit ⓘ	35	86	69	108	117	84	75	96	116	107
Operating Profit Margin (%)	6.8%	12.4%	9.2%	25.3%	25.2%	18.0%	22.1%	20.8%	19.6%	17.5%
Other Income ⓘ	2	6	4	10	14	14	30	29	21	80
Interest ⓘ	4	2	0	0	0	0	0	0	0	0
Depreciation ⓘ	6	5	6	6	7	7	5	6	6	6
Exceptional Items ⓘ	0	3	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	28	88	67	111	123	91	100	118	132	181
Tax ⓘ	10	29	23	38	41	23	20	25	32	30
Profit After Tax	19	58	44	73	82	68	80	93	100	152
PAT Margin (%)	3.6%	8.4%	5.8%	17.1%	17.7%	14.5%	23.5%	20.4%	16.8%	24.6%
Adjusted EPS (₹)	10.2	31.9	23.9	39.9	45.0	37.1	43.8	51.1	54.6	82.9
Dividend Payout Ratio (%)	16%	5%	10%	6%	7%	8%	9%	10%	11%	8%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	126	181	225	291	367	430	505	591	682	822
Share Capital ⓘ	12	12	15	15	18	18	18	18	18	18
Reserves ⓘ	114	169	210	277	349	412	487	573	663	804
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	26	0	0	0	0	0	0	0	0	0
Long Term Debt	19	0	0	0	0	0	0	0	0	0
Short Term Debt	7	0	0	0	0	0	0	0	0	0
Trade Payables	4	4	5	5	5	11	3	3	9	21
Others Liabilities ⓘ	49	46	50	55	52	42	65	74	78	74
Total Liabilities ⓘ	206	231	279	351	424	484	573	668	769	917
Fixed Assets
Gross Block	131	129	68	76	82	82	83	84	88	90
Accumulated Depreciation	45	50	5	10	14	20	25	30	35	39
Net Fixed Assetsⓘ	86	79	63	66	67	62	57	53	53	50
CWIP ⓘ	1	2	76	64	48	26	20	20	8	6
Investmentsⓘ	77	88	46	108	163	226	287	379	446	526
Inventories	19	13	11	12	18	21	28	32	37	29
Trade Receivables	0	0	0	1	2	1	1	3	0	2
Cash Equivalents	10	34	6	10	1	22	7	27	24	13
Others Assetsⓘ	14	15	76	91	125	127	173	155	202	291
Total Assets ⓘ	206	231	279	351	424	484	573	668	769	917

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	20	60	53	63	61	79	1	97	96	59
PBT ⓘ	28	88	67	111	123	91	100	118	132	181
Adjustment ⓘ	735	900	983	1,176	1,234	1,211	868	1,297	1,718	1,726
Changes in Working Capital ⓘ	1	-0	7	-6	-14	12	-56	26	11	-19
Tax Paid ⓘ	-745	-927	-1,005	-1,218	-1,282	-1,234	-910	-1,344	-1,764	-1,829
Cash Flow From Investing Activity ⓘ	-13	-4	-50	-61	-57	-72	10	-95	-87	-48
Capex	13	1	0	5	3	27	11	5	12	4
Net Investments	-28	-10	-54	-76	-74	-109	-31	-125	-71	-76
Others ⓘ	2	6	4	10	14	9	30	25	-28	23
Cash Flow From Financing Activityⓘ	-3	-32	-4	-5	-5	-7	-6	-7	-9	-11
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	4	-19	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-4	-2	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-2	-3	-3	-4	-4	-5	-5	-7	-9	-11
Others ⓘ	0	-8	-1	-1	-1	-1	0	0	0	0
Net Cash Flow ⓘ	4	24	-1	-4	-2	0	6	-5	0	-1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	15.48	37.97	21.52	28.26	25.01	17.02	17.12	17.04	15.69	20.15
ROCE (%)	21.26	52.96	33.14	43.16	37.46	22.79	21.41	21.54	20.69	24.15
Asset Turnover Ratio	4.86	5.76	5.32	5.09	4.4	3.71	2.33	2.87	3.24	2.86
PAT to CFO Conversion(x)	1.05	1.03	1.2	0.86	0.74	1.16	0.01	1.04	0.96	0.39
Working Capital Days
Receivable Days	0	0	0	0	0	0	0	0	0	0
Inventory Days	6	5	3	3	3	4	7	6	5	5
Payable Days	11	12	10	11	11	14	18	6	9	21

GM Breweries Ltd Stock News

GM Breweries Ltd FAQs

What is the share price of GM Breweries?

Company share prices are keep on changing according to the market conditions. The closing price of GM Breweries on 19-Apr-2024 16:01 is ₹747.7.

What is the market cap of GM Breweries?

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 19-Apr-2024 16:01 the market cap of GM Breweries stood at ₹1,375.8.

What is the P/E ratio of GM Breweries?

The latest P/E ratio of GM Breweries as of 19-Apr-2024 16:01 is 9.08.

What is the P/B ratio of GM Breweries?

The latest P/B ratio of GM Breweries as of 19-Apr-2024 16:01 is 1.67.

What is the 52-week high and low of GM Breweries?

The 52-week high of GM Breweries is ₹815.2 and the 52-week low is ₹548.6.

What is the TTM revenue of GM Breweries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GM Breweries is ₹615.2 ( Cr.) .

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.