1. India Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
G.M. Breweries Ltd.

G.M. Breweries Ltd.

788.50
INR
-37.50
(-4.54%)
69.89EPS
13.68P/E
21.85BMarket Cap
G.M. Breweries Ltd.
NSE:GMBREW
(National Stock Exchange of India)

Recent

price

788.50

P/E

ratio

13.68

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
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
269.01
278.32
327.01
335.68
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
66.32
56.48
68.64
69.89
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
25.94
70.77
-41.85
- -
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
4.8
5.6
7.5
- -
Dividend per Share
32.64
37.5
41.9
50.12
55.23
80.76
98.31
127.49
160.56
188.38
221.03
258.7
298.41
359.93
410.81
471.95
- -
Book Value per Share
32.64
37.5
41.86
50.08
55.23
80.76
98.3
127.48
160.55
188.38
221.03
258.69
298.33
359.88
410.79
471.93
- -
Tangible Book Value per Share
23
23
23
18
23
23
23
18
23
23
23
23
23
23
23
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
7,669
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
23.06
Operating Margin (%)
36
38
41
46
56
54
57
60
73
73
55
61
58
61
52
52
55
Depreciation Expense
210
138
139
215
186
583
436
729
823
679
801
934
999
1,515
1,290
1,568
1,597
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
23.69
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
20.82
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
33
452.12
25.72
22.19
15.07
11.93
12.9
13.26
11.25
9.98
12.72
- -
Return on Invested Capital (%)
30.03
16.85
12.23
18.24
14.45
35.42
21.4
28.27
25.02
17.03
17.13
17.04
15.69
20.19
14.26
14.91
- -
Return on Capital (%)
32.15
17.26
15.35
20.49
15.48
37.54
21.33
28.26
25.01
17.02
17.12
17.04
15.69
20.15
14.66
15.55
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
345
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
23
23
Market Capitalization
27,588
22,446
21,846

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,974
- -
Cash, Cash Equivalents & STI
- -
111
- -
Accounts Receivable, Net
- -
22
- -
Inventories
- -
342
- -
Total Current Liabilities
- -
1,460
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
345
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,524
1,490
1,658
1,693
6,359
2026
1,629
- -
2,021
2,023
7,471
2027
1,996
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
10.92
9.48
9.61
26.47
56.48
2026
11.32
- -
18.39
23.66
68.64
2027
16.52
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
5.6
2026
- -
- -
- -
- -
7.5
2027
- -
- -
- -
- -
- -
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Business
G.M. Breweries Limited manufactures and markets alcoholic beverages in India, primarily country liquor and Indian-made foreign liquor; its core brands include G.M. SANTRA, G.M. DOCTOR, G.M. LIMBU PUNCH, and G.M. DILBAHAR SOUNF, with production focused on brandy, rum, and whisky variants sold through a strong distribution network mainly in Maharashtra. The company, founded in 1981 and headquartered at Ganesh Niwas, Veer Savarkar Marg, Prabhadevi, Mumbai, operates a bottling plant in Virar, Maharashtra, and holds a dominant position as the largest country liquor producer in the state, contributing significantly to excise duties in Mumbai, Thane, and Palghar districts where it enjoys near-monopoly status; it serves retail and institutional customers across these regions with an installed capacity exceeding 13.76 million bulk liters annually for country liquor and substantial IMFL output. In recent developments, G.M. Breweries reported robust Q2 FY26 results with total income rising 20% year-over-year to Rs 720.88 crore and net profit surging 35% to Rs 34.89 crore as of September 2025, reflecting volume recovery and margin expansion; the company announced plans in early 2025 to diversify into infrastructure by incorporating a wholly owned subsidiary, BUILDFORT INFRADEV PRIVATE LIMITED, and issued a 1:4 bonus share ratio in May 2024 while maintaining a debt-free balance sheet with promoter holding at 74.43%.