Is GM Breweries Ltd (GMBREW) 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 Ltd (GMBREW) 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 Overvalued zone .

What is GM Breweries Ltd (GMBREW) share price return in the past 10 years?

GM Breweries Ltd share price has appreciated 10.1% annually (CAGR) over the past ten years.

Is GM Breweries Ltd (GMBREW) 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.

What is the share price of GM Breweries Ltd (GMBREW)?

Company share prices are keep on changing according to the market conditions. The current trading price of GM Breweries Ltd (GMBREW) on 30-Apr-2026 16:59:59 at 16:59 is 957.90.

What is the P/E ratio of GM Breweries?

The latest standalone P/E ratio of GM Breweries as of 30-Apr-2026 is 13.95.

What is the P/B ratio of GM Breweries Ltd (GMBREW)?

The latest standalone P/B ratio of GM Breweries Ltd (GMBREW) as of 30-Apr-2026 is 2.03.

What is the 52-week high and low of GM Breweries Ltd (GMBREW)?

The 52-week high of GM Breweries Ltd (GMBREW) is Rs. 1328.00 and the 52-week low is Rs. 636.65.

GM Breweries Ltd (GMBREW) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: GM Breweries Ltd (GMBREW)
Brand: GM Breweries

GM Breweries Ltd (GMBREW) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

GM Breweries Ltd (GMBREW)

BSE: 507488 NSE: GMBREW

Key Metrics

Market Cap

₹2,189 Cr.

P/E Ratio

13.95

Price to Book (P/B)

2.03

Price to Sales (P/S)

1.26

EV/EBITDA

10.32

Return on Capital Employed (ROCE)

20.40%

Current Price

₹957.9

Return on Equity (ROE)

15.55%

Return on Assets (ROA)

13.50%

Operating Profit Margin

10.4%

Net Profit Margin

9.04%

Gross Profit Margin

7.1%

Book Value per Share

₹472

Sales Growth (YoY)

18.79%

Sales Growth (3 Years)

8.52%

Operating Profit Growth (1 Year)

40.44%

Operating Profit Growth (3 Years)

12.4%

Net Profit Growth (1 Year)

21.54%

52-Week Low / High

₹637 / 1,328

Net Profit Growth (3 Years)

16.24%

Dividend Yield

0.92%

Promoter Holding

74.43%

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

0.00%

Check Before You Invest

Q.1 Stock return of GM Breweries Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 9.9% based on the current price.

Q.1 Revenue growth of GM Breweries Ltd?

GM Breweries Ltd revenue growth is 18.8% for FY-2026, which is below its 5-year CAGR of 19.58%, indicating slower growth.

Q.1 Which industry/sub-sector does GM Breweries Ltd belong to?

GM Breweries Ltd belongs to the FMCG sector, operating specifically within the Breweries & Distilleries segment.

Q.1 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.

Q.1 Revenue growth of GM Breweries Ltd vs industry peers?

GM Breweries Ltd revenue CAGR is 19.58%, compared to the industry median CAGR of 15.48%, indicating faster growth and gaining its market share.

DeciZen - make an informed investing decision on GM Breweries

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

GM Breweries stock performance

Key Ratios

Is GM Breweries Ltd an attractive stock to invest in?

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	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 ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	748	919	982	971	710	1,041	1,358	1,409	1,461	1,735	1,735
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	68.7
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	472
Adj Net Profit ⓘ	43.3	71.3	81.7	70.8	75.3	88.8	96	148	128	150	157
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 ⓘ

CAGR Colour Code Guide ⓘ

	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	10.1%	24.1%	27.7%	45.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	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	14.6
Op. Profit Mgn % ⓘ	9.2	11.7	11.9	9.1	10.6	9.2	8.6	7.6	8.1	10.4	6.1
Net Profit Mgn % ⓘ	5.8	7.8	8.3	7.3	10.6	8.5	7.1	10.5	8.8	8.7	9
Debt to Equity ⓘ	0	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

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	68.7	68.6
TTM Sales (₹ Cr.)	1,735	1,735
BVPS (₹) ⓘ	472	472
Reserves (₹ Cr.) ⓘ	1,055	1,055
P/BV ⓘ	2.03	2.03
PE ⓘ	13.95	13.95

From the Market
52 Week Low / High (₹)	636.65 / 1328.00
All Time Low / High (₹)	0.82 / 1328.00
Market Cap (₹ Cr.)	2,189
Equity (₹ Cr.)	22.9
Face Value (₹)	10
Industry PE ⓘ	57.5

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of GM Breweries - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Sales	748	919	982	971	710	1,041	1,358	1,409	1,461	1,735
Operating Expenses ⓘ +	679	812	865	887	635	946	1,242	1,302	1,343	1,570
Manufacturing Costs	120	127	149	146	94	148	198	202	216	233
Material Costs	153	159	162	197	140	184	242	265	260	286
Employee Cost	9	10	11	11	9	8	10	11	12	13
Other Costs ⓘ	396	516	543	533	392	606	792	824	855	1,038
Operating Profit ⓘ	69	108	117	84	75	96	116	107	118	165
Operating Profit Margin (%)	9.2%	11.7%	11.9%	8.7%	10.6%	9.2%	8.6%	7.6%	8.1%	9.5%
Other Income ⓘ +	4	10	14	14	30	29	21	80	48	46
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	0	0	0	0	0	0	1	0
Depreciation ⓘ	6	6	7	7	5	6	6	6	5	5
Profit Before Tax ⓘ	67	111	123	91	100	118	132	181	160	205
Tax ⓘ	23	38	41	23	20	25	32	30	31	49
Profit After Tax	44	73	82	68	80	93	100	152	129	157
PAT Margin (%)	5.8%	7.9%	8.4%	7.0%	11.3%	9.0%	7.4%	10.8%	8.8%	9.0%
Adjusted EPS (₹)	19.1	31.9	36.0	29.7	35.1	40.9	43.7	66.3	56.5	68.7
Dividend Payout Ratio (%)	10.10%	6%	6.70%	8.10%	9.10%	9.80%	11%	8.40%	13.30%	13.10%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Equity and Liabilities
Shareholders Fund +	225	291	367	430	505	591	682	822	939	1,078
Share Capital ⓘ	15	15	18	18	18	18	18	18	23	23
Reserves ⓘ	210	277	349	412	487	573	663	804	916	1,055
Debt +	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	5	5	5	11	3	3	9	21	19	11
Others Liabilities ⓘ	50	55	52	42	65	74	78	74	140	136
Total Liabilities ⓘ	279	351	424	484	573	668	769	917	1,098	1,225
Fixed Assets
Net Fixed Assets ⓘ +	63	66	67	62	57	53	53	50	50	42
Gross Block	68	76	82	82	83	84	88	90	94	91
Accumulated Depreciation	5	10	14	20	25	30	35	39	44	49
CWIP ⓘ	76	64	48	26	20	20	8	6	0	47
Investments ⓘ	46	108	163	226	287	379	446	526	590	570
Inventories	11	12	18	21	28	32	37	29	33	34
Trade Receivables	0	1	2	1	1	3	0	2	3	2
Cash Equivalents	6	10	1	22	7	27	24	13	95	12
Others Assets ⓘ	76	91	125	127	173	155	202	291	328	517
Total Assets ⓘ	279	351	424	484	573	668	769	917	1,098	1,225

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Cash Flow From Operating Activity ⓘ +	53	63	61	79	1	97	96	59	162	-96
PBT ⓘ	67	111	123	91	100	118	132	181	160	205
Adjustment ⓘ	983	1,176	1,234	1,211	868	1,297	1,718	1,726	1,825	2,204
Changes in Working Capital ⓘ	7	-6	-14	12	-56	26	11	-19	75	-227
Tax Paid ⓘ	-1,005	-1,218	-1,282	-1,234	-910	-1,344	-1,764	-1,829	-1,898	-2,278
Cash Flow From Investing Activity ⓘ +	-50	-61	-57	-72	10	-95	-87	-48	-149	114
Capex	-10	-8	-24	2	27	2	-37	-53	-46	-19
Net Investments	-44	-63	-47	-84	-47	-119	-71	-76	-151	103
Others ⓘ	4	10	14	9	30	22	20	80	48	30
Cash Flow From Financing Activity ⓘ +	-4	-5	-5	-7	-6	-7	-9	-11	-13	-17
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-0	-0	-0	-0	-0	-0	-0	-0	-1	-0
Dividend Paid ⓘ	-3	-4	-4	-5	-5	-7	-9	-11	-13	-17
Others ⓘ	-1	-1	-1	-1	0	0	0	0	0	-0
Net Cash Flow ⓘ	-1	-4	-2	-0	6	-5	0	-1	-0	1

Finance Ratio

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Ratios
ROE (%)	21.52	28.26	25.01	17.02	17.12	17.04	15.69	20.15	14.66	15.55
ROCE (%)	33.14	43.16	37.46	22.79	21.41	21.54	20.69	24.15	18.23	20.4
Asset Turnover Ratio	5.32	5.09	4.4	3.71	2.33	2.87	3.24	2.86	2.49	2.56
PAT to CFO Conversion(x)	1.2	0.86	0.74	1.16	0.01	1.04	0.96	0.39	1.26	-0.61
Working Capital Days
Receivable Days	0.10	0.20	0.30	0.30	0.30	0.40	0.30	0.20	0.30	0.30
Inventory Days	3.20	2.50	3.10	4.20	7.20	6.10	5.40	4.90	4.50	4.10
Payable Days	10.20	11.30	10.70	14.50	18.50	5.90	8.90	20.60	28.20	19.30

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GM Breweries Ltd FAQs

The current trading price of GM Breweries on 30-Apr-2026 16:59 is ₹957.9.

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 29-Apr-2026 the market cap of GM Breweries stood at ₹2,188.5 Cr

The latest P/E ratio of GM Breweries as of 29-Apr-2026 is 13.95.

The latest P/B ratio of GM Breweries as of 29-Apr-2026 is 2.03.

The 52-week high of GM Breweries is ₹1,328 and the 52-week low is ₹636.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GM Breweries is ₹1,735 ( 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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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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GM Breweries Ltd (GMBREW) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

GM Breweries Share Price