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
891.00
INR
-5.45
- -
20.36BMarket Cap
G.M. Breweries Limited
GMBREW.BO
(Bombay Stock Exchange)

Recent

price

891.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
101.38
112.48
125.95
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
Revenue per Share
9.2
6.05
6.09
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
Basic EPS, GAAP
-1.15
4.79
-0.86
15.31
8.66
26.2
22.75
34.39
26.82
34.49
0.62
42.66
42.04
32.43
70.77
- -
- -
Free Cash Flow per Basic Share
0.8
1
1.02
1.28
1.02
1.28
1.28
2.4
1.92
2.4
2.4
3.2
4
6
5.6
- -
- -
Dividend per Share
4.1
15.22
18.3
31.51
30.04
52.7
68.82
125.69
134.27
161.07
193.73
231.39
271.1
415.77
383.5
- -
- -
Book Value per Share
32.64
37.5
41.86
62.6
55.23
80.76
98.3
159.35
160.55
188.38
221.03
258.69
298.33
449.85
410.79
- -
- -
Tangible Book Value per Share
23
23
23
18
23
23
23
18
23
23
23
23
23
18
23
- -
23
Basic Weighted Avg Shares
2,316
2,570
2,878
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
Sales/Revenue/Turnover
22.01
7.89
7.65
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
Operating Margin (%)
36
38
41
46
56
54
57
60
73
73
55
61
58
61
52
52
49
Depreciation Expense
210
138
139
215
186
583
436
729
823
679
801
934
999
1,515
1,290
1,568
1,300
Net Income, GAAP
33.6
33.75
33.56
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
Effective Tax Rate (%)
9.08
5.38
4.84
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
Profit Margin (%)
-463
-470
-577
-406
-160
-90
-210
-96
-96
122
299
475
230
279
227
514
- -
Working Capital
18
2
54
232
192
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
746
857
957
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
- -
Total Equity
44.81
14.48
12.86
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 Invested Capital (%)
116.34
45
22.68
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 Capital (%)
224.52
62.69
36.36
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
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.