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Winsome Breweries Ltd. Stock Analysis

Small Cap
Evaluated by 242 users | BSE: 526471 | NSE: |
Breweries & Distilleries
Winsome Breweries was incorporated on June 18, 1992 under the Companies Act, 1956 with the Registrar of Companies, Delhi and Haryana at New Delhi. The certificate of commencement was obtained by the company on July 9, 1992.  The time lag between the incorporation and the...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 3.22%1.2%2.8%4.25%2.57%4.31%3.65%6.53%2.4%-2.4%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 47.637.457.364.262.173.276.348.727.10
Y-o-Y Gr. Rt.--21.4%53.3%11.9%-3.3%18%4.3%-36.2%-44.4%-100%
Adjusted EPS (Rs.) 0.260.140.150.390.280.560.511.020.35-0.48
Y-o-Y Gr. Rt.--46.2%7.1%160%-28.2%100%-8.9%100%-65.7%-237.1%
Book Value per Share (Rs.) 10.0610.2310.3810.7711.0511.612.1113.7814.2113.97
Adjusted Net Profit 0.70.40.41.10.81.61.42.81-1.3
Net Op. Cash Flow (Rs. Cr.) -0.50.3-0.20.33.510.92.5-2.83.31.6
Debt to Cash Flow from Ops -10.415.8-37.7729.432.340.743.24-3.773.026.07
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Winsome Breweries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -100%-100%-100%-100%
Adjusted EPS -207.1%-211.4%-198%-237.1%
Book Value per Share 3.74.84.9-1.7
Share Price -3.1% -2.2% -21.3% 53.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 2.641.381.433.672.544.934.297.852.52-3.39
Operating Profit Margin (%) -6.42-4.143.034.381.98-0.10.16-5.42-31.110
Net Profit Margin (%) 1.521.040.711.681.242.111.855.783.610
Debt to Equity 0.190.180.310.30.260.250.240.270.250.25
Working Capital Days 2643832532312461811632774490
Cash Conversion Cycle -117-9-20-34-23-23-42-380
Entity Percentage Holding
Promoters 44.97%
Institutions 0.12%
Non-Institutions 54.90%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Winsome Breweries's performance infers:

Winsome Breweries earnings have declined by -211.4%, whereas share price has depreciated -2.2% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Winsome Breweries share prices over the last 10 years. Here is what we found out:

Winsome Breweries share price has depreciated -7.1% annually over the past ten years.

Winsome Breweries was incorporated on June 18, 1992 under the Companies Act, 1956 with the Registrar of Companies, Delhi and Haryana at New Delhi. The certificate of commencement was obtained by the company on July 9, 1992.  The time lag between the incorporation and the setting up of the project has been on account of the time required by the company to change the site from Himachal Pradesh to Rajasthan, acquisition of land, conversion of land and tie-up of collaboration

Winsome Breweries was incorporated on June 18, 1992 under the Companies Act, 1956 with the Registrar of Companies, Delhi and Haryana at New Delhi. The certificate of commencement was obtained by the company on July 9, 1992.  The time lag between the incorporation and the setting up of the project has been on account of the time required by the company to change the site from Himachal Pradesh to Rajasthan, acquisition of land, conversion of land and tie-up of collaboration arrangements.  After entering into the collaboration agreement on May 7, 1993, the company has proceeded with implementation of its project.

Winsome Breweries is an Indo-German joint venture with Henninger Brau, Germany with financial participation through the latter`s associate concern, Holmswood.

The company engages in the manufacture and sale of beer, primarily in India. It manufactures and markets beer under the brand name `Henninger` in India, Bangladesh, Nepal and Sri Lanka.

During the year 1997-98, the company launched its two indigenous brands namely `German Thunder` and `Limo Lemon`. Besides its own brands, the company also brews and bottles `Haywards 2000`, `Haywards 5000`, and `Royal Challenge` brands of Shaw Wallace. The company`s plant is located in Alwar, Rajasthan.

Future Prospects:

Winsome Breweries is continuing its arrangement with United Breweries and has continuously increased its capacity utilization. In order to have maximum capacity utilisation, the company is also discussing the possibilities of tie-ups with several other foreign companies, as they consider the plant as one of the best in India.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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