1. India Stocks

  2. •

    Consumer Defensive

  3. •

    Beverages - Wineries & Distilleries
G.M. Breweries Limited

G.M. Breweries Limited

GMBREW.BO
G.M. Breweries LimitedIN flagBombay Stock Exchange
896.45
INR
-17.45
- -
20.48BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
157.92
134.52
157.38
758.03
232.52
202.65
204.71
148.72
200.38
259.45
336.26
278.32
- -
283.15
Basic EPS, GAAP
11.78
8.16
25.52
19.1
39.88
36.02
29.7
35.06
40.86
43.71
82.9
56.48
- -
56.87
Free Cash Flow per Basic Share
15.31
8.66
26.2
22.75
34.39
26.82
34.49
0.62
42.66
42.04
32.43
70.77
- -
- -
Dividend per Share
1.28
1.02
1.28
1.28
2.4
1.92
2.4
2.4
3.2
4
6
5.6
- -
- -
Book Value per Share
31.51
30.04
52.7
68.82
125.69
134.27
161.07
193.73
231.39
271.1
415.77
383.5
- -
- -
Tangible Book Value per Share
62.6
55.23
80.76
98.3
159.35
160.55
188.38
221.03
258.69
298.33
449.85
410.79
- -
- -
Basic Weighted Avg Shares
18
23
23
23
18
23
23
23
23
23
18
23
- -
23
Sales/Revenue/Turnover
2,886
3,073
3,596
17,319
4,250
4,630
4,677
3,398
4,578
5,928
6,146
6,359
7,471
6,470
Operating Margin (%)
12.07
9.65
22.34
81.99
23.91
23.66
17.41
20.55
19.55
18.76
16.47
17.68
23.49
17.34
Depreciation Expense
46
56
54
57
60
73
73
55
61
58
61
52
52
49
Net Income, GAAP
215
186
583
436
729
823
679
801
934
999
1,515
1,290
1,568
1,300
Effective Tax Rate (%)
34.01
34.52
33.58
34.86
34.5
33.2
25.26
19.96
20.92
24.12
16.38
19.33
23.66
19.38
Profit Margin (%)
7.46
6.06
16.22
2.52
17.15
17.78
14.51
23.57
20.39
16.85
24.65
20.29
20.99
20.09
Working Capital
-406
-160
-90
-210
-96
-96
122
299
475
230
279
227
514
- -
LT Debt
232
192
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
1,145
1,262
1,845
2,246
2,913
3,668
4,304
5,050
5,910
6,818
8,223
9,386
10,783
- -
Return on Invested Capital (%)
17.96
13.39
31.67
452.12
25.72
22.19
15.25
11.93
12.9
13.26
11.25
9.98
12.72
- -
Return on Capital (%)
32.16
23.87
55.43
31.53
37.69
30.7
20.12
19.77
19.22
17.4
22.01
15.31
15.85
772.32
Return on Common Equity (%)
43.33
29.53
61.69
31.43
37.68
30.68
20.11
19.76
19.22
17.4
21.97
15.77
16.58
- -

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
557
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
23
- -
Market Capitalization
18,569
14,236
16,952

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
1,802
- -
Cash, Cash Equivalents & STI
- -
939
- -
Accounts Receivable, Net
- -
27
- -
Inventories
- -
328
- -
Total Current Liabilities
- -
1,575
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
557
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.4%
16.41%
14.88%
Free Cash Flow
671.78%
1,356.43%
-159.15%
Net Income, GAAP
13.72%
16.39%
21.54%
Sales/Revenue/Turnover
37.76%
17.77%
17.49%
Total Cash Common Dividend
- -
25.79%
33.93%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,469
1,516
1,570
1,592
6,146
2025
1,524
1,490
1,658
1,693
6,359
2026
1,629
2,021
2,023
- -
7,471

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10.9
12.23
12.37
37.92
82.9
2025
10.92
9.48
9.61
26.47
56.48
2026
11.32
18.39
23.66
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6
2025
- -
- -
- -
- -
5.6
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Jimmy William Almeida Kashyap
Full Time Employees
203
Sector
Consumer Defensive
Industry
Beverages - Wineries & Distilleries
Address
Ganesh Niwas Mumbai India 400025
IPO Date
Jul 1, 2002
Website
gmbreweries.com
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G.M. Breweries Limited (GMBREW.NS)
Business
G.M. Breweries Limited manufactures and markets alcoholic beverages in India, primarily country liquor and Indian-made foreign liquor. The company produces a range of products under brand names including G.M. SANTRA, G.M. DOCTOR, G.M. LIMBU PUNCH, and G.M. DILBAHAR SOUNF; it operates a state-of-the-art fully automatic bottling plant in Virar, Thane district, Maharashtra, with capacity exceeding 50,000 cases per day and pioneered 180 ml bottles and PET bottles in the country liquor segment. G.M. Breweries targets consumers in the value segment, holding a leading market share in country liquor across Maharashtra, particularly Mumbai, Thane, and Palghar regions. Founded in 1981 by Jimmy William Almeida and headquartered in Prabhadevi, Mumbai, the company listed on the Bombay Stock Exchange and National Stock Exchange following its initial public offering in 1993. It maintains a promoter holding of approximately 74% and has rewarded shareholders with annual dividends since going public. In recent developments, G.M. Breweries reported strong financial performance for the quarter ended September 30, 2025, with revenue from operations rising 20% year-over-year to ₹717.85 crore, alongside robust profit growth driven by volume expansion and margin improvements. The company approved plans in March 2025 to diversify into infrastructure development by incorporating a wholly owned subsidiary, Buildfort Infradev Private Limited, marking a strategic shift beyond its core alcoholic beverages business. It continues capacity modernization efforts and benefits from rising consumption in tier-2 and tier-3 cities.