GM Breweries Ltd - Stock Valuation and Financial Performance

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

GM Breweries Share Price

630.45 -9.70 -1.52%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on GM Breweries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

GM Breweries stock performance -

mw4me loader
P/E Ratio (SA):
11.58
Market Cap:
1,157.4 Cr.
52-wk low:
509
52-wk high:
808.4

Is GM Breweries Ltd an attractive stock to invest in?

1. Is GM Breweries Ltd a good quality company?

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

2. Is GM Breweries Ltd 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.

3. Is GM Breweries Ltd a good buy now?

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.

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
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.
GM Breweries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17.9%13.3%32.5%21.4%27.6%24.8%17.8%16.1%16.2%15%-
Value Creation
Index
0.3-0.11.30.51.00.80.30.20.20.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4855166907484264644693404585942,395
Sales YoY Gr.-6.4%33.6%8.4%-43%9%1%-27.4%34.8%29.5%-
Adj EPS 11.89.629.323.73944.738.841.248.652.354.7
YoY Gr.--18.9%206.8%-19.2%64.5%14.6%-13.3%6.4%17.9%7.6%-
BVPS (₹) 62.66999122.9159.4200.7235.5276.3323.4373402.5
Adj Net
Profit
21.517.553.643.371.381.770.875.388.895.5100
Cash Flow from Ops. 2819.859.952.962.961.378.81.497.596-
Debt/CF from Ops. 11.600000000-

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%6%10.5%7.6%
BVPS21.9%18.5%16.6%15.4%
Share Price 25% -0.8% 15% 21.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
20.514.534.921.427.624.817.816.116.21514.1
Op. Profit
Mgn %
8.16.812.49.225.325.218.922.120.819.74.7
Net Profit
Mgn %
4.43.47.85.816.717.615.122.119.416.14.2
Debt to
Equity
0.30.300000000-
Working Cap
Days
22179111314132623177
Cash Conv.
Cycle
-1321-3-2-3-3411

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 10.49%

Return on Equity has declined versus last 3 years average to 14.10%

Sales growth has been subdued in last 3 years 8.19%

Sales growth is not so good in last 4 quarters at 5.96%

Latest Financials - GM Breweries Ltd.

Standalone Consolidated
TTM EPS (₹) 54.7 -
TTM Sales (₹ Cr.) 2,395 -
BVPS (₹.) 402.5 -
Reserves (₹ Cr.) 717 -
P/BV 1.57 -
PE 11.58 -
From the Market
52 Week Low / High (₹) 509.00 / 808.40
All Time Low / High (₹) 1.02 / 969.60
Market Cap (₹ Cr.) 1,157
Equity (₹ Cr.) 18.3
Face Value (₹) 10
Industry PE 71.4

Management X-Ray of GM Breweries:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of GM Breweries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales485516690748426464469340458594
Operating Expenses 446481604679318347384265363477
Manufacturing Costs10411111412012715014694148198
Material Costs123137124153159162197140184242
Employee Cost 78991011119810
Other Costs 213225357396232530222327
Operating Profit 39358669108117847596117
Operating Profit Margin (%) 8.1%6.8%12.4%9.2%25.3%25.2%18.0%22.1%20.8%19.7%
Other Income 1264101414302920
Interest 3420000000
Depreciation 5656677566
Exceptional Items 0030000000
Profit Before Tax 3328886711112391100118132
Tax 11102923384123202532
Profit After Tax 221958447382688093100
PAT Margin (%) 4.4%3.6%8.4%5.8%17.1%17.7%14.5%23.5%20.4%16.8%
Adjusted EPS (₹)11.810.231.923.939.945.037.143.851.154.6
Dividend Payout Ratio (%)11%16%5%10%6%7%8%9%10%11%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 115126181225291367430505591682
Share Capital 9121215151818181818
Reserves 105114169210277349412487573663
Minority Interest0000000000
Debt232600000000
Long Term Debt231900000000
Short Term Debt0700000000
Trade Payables44455511339
Others Liabilities 79494650555242657478
Total Liabilities 221206231279351424484573668769

Fixed Assets

Gross Block13813112968768282838488
Accumulated Depreciation4245505101420253035
Net Fixed Assets96867963666762575353
CWIP 7127664482620208
Investments 49778846108163226287379446
Inventories14191311121821283237
Trade Receivables0000121130
Cash Equivalents 5103461012272724
Others Assets5014157691125127173155202
Total Assets 221206231279351424484573668769

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2820605363617919796
PBT 3328886711112391100118132
Adjustment 6947359009831,1761,2341,2118681,2971,718
Changes in Working Capital -11-07-6-1412-562611
Tax Paid -699-745-927-1,005-1,218-1,282-1,234-910-1,344-1,764
Cash Flow From Investing Activity -27-13-4-50-61-57-7210-95-87
Capex 221310532711512
Net Investments -49-28-10-54-76-74-109-31-125-71
Others 1264101493025-28
Cash Flow From Financing Activity 0-3-32-4-5-5-7-6-7-9
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 64-190000000
Interest Paid -3-4-20000000
Dividend Paid -2-2-3-3-4-4-5-5-7-9
Others 00-8-1-1-1-1000
Net Cash Flow 1424-1-4-206-50
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)20.4915.4837.9721.5228.2625.0117.0217.1217.0415.69
ROCE (%)27.0621.2652.9633.1443.1637.4622.7921.4121.5420.69
Asset Turnover Ratio4.834.865.765.325.094.43.712.332.873.24
PAT to CFO Conversion(x)1.271.051.031.20.860.741.160.011.040.96
Working Capital Days
Receivable Days0000000000
Inventory Days4653334765
Payable Days181112101111141869

GM Breweries Ltd Stock News

GM Breweries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of GM Breweries on 28-Mar-2024 16:01 is ₹630.5.
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 28-Mar-2024 16:01 the market cap of GM Breweries stood at ₹1,157.4.
The latest P/E ratio of GM Breweries as of 28-Mar-2024 16:01 is 11.58.
The latest P/B ratio of GM Breweries as of 28-Mar-2024 16:01 is 1.57.
The 52-week high of GM Breweries is ₹808.4 and the 52-week low is ₹509.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GM Breweries is ₹2,395 ( 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.
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