GM Breweries Ltd.
•2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 20.9%
- Latest quarter profit grew 45.9% YoY, showing strong momentum
- Company has delivered good sales growth of 19.6% CAGR over last 5 years
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Operating cash flow has been negative in recent years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.29x)
- Though reporting repeated profits, the company pays out little dividend (13.1%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | UNITDSPR | 1520.00 | 58.68 | 110557.33 | 1.12 | 463.00 | 11.03 | 6122.00 | -2.75 | 27.86 | 7.01 |
| 2. | RADICO | 4677.00 | 89.07 | 62663.57 | 0.19 | 229.60 | 75.91 | 5867.69 | 10.43 | 22.64 | 6.07 |
| 3. | UBL | 1352.80 | 90.41 | 35768.73 | 0.74 | 166.28 | -9.65 | 5919.44 | 10.01 | 11.92 | 4.77 |
| 4. | ABDL | 598.35 | 75.74 | 16736.46 | 0.90 | 45.42 | -18.65 | 1809.15 | 1.85 | 18.53 | 6.38 |
| 5. | TI | 573.70 | 0.00 | 14197.58 | 0.17 | 31.59 | -64.31 | 2252.43 | 160.74 | 28.50 | 7.50 |
| 6. | INDIAGLYCO | 1105.85 | 23.43 | 7412.15 | 0.68 | 96.83 | 32.19 | 2988.44 | 19.39 | 12.73 | 6.36 |
| 7. | PICCADIL | 704.85 | 49.44 | 6947.86 | 0.00 | 21.43 | 16.30 | 270.50 | 18.78 | 22.68 | 16.20 |
| 8. | TRUALT | 471.35 | 27.23 | 4041.95 | 0.00 | 59.27 | 1154.41 | 626.88 | 106.29 | 10.57 | 21.18 |
| 9. | GLOBUSSPR | 904.80 | 28.31 | 2846.62 | 0.72 | 26.48 | 49.69 | 1151.88 | 21.05 | 5.71 | 6.66 |
| 10. | GMBREW | 876.40 | 12.77 | 2002.30 | 1.03 | 37.74 | — | 802.90 | 21.08 | 20.40 | 5.79 |
| 11. | SDBL | 73.13 | 0.00 | 1520.38 | 0.00 | 1.56 | -96.29 | 609.19 | -31.13 | 18.52 | 2.46 |
| 12. | ASALCBR | 717.40 | 17.43 | 1440.48 | 0.28 | 178.31 | 653.99 | 2863.03 | 959.58 | 18.06 | 10.43 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 579 | 594 | 618 | 623 | 601 | 596 | 644 | 663 | 638 | 718 | 809 | 812 | 803 | |
| 552 | 565 | 593 | 598 | 569 | 568 | 614 | 634 | 607 | 673 | 756 | 760 | 758 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 1 | 7 | 71 | 4 | 3 | 1 | 40 | 5 | 3 | 5 | 17 | 6 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 |
| 27 | 29 | 31 | 95 | 33 | 29 | 29 | 68 | 35 | 47 | 56 | 68 | 50 | |
| Tax % | 25.18% | 24.09% | 26.19% | 8.33% | 25.15% | 25.20% | 25.14% | 11.50% | 25.17% | 25.18% | 25.16% | 20.63% | 25.16% |
| Net Profit | 20 | 22 | 23 | 87 | 25 | 22 | 22 | 60 | 26 | 35 | 42 | 54 | 38 |
| 11 | 12 | 12 | 47 | 11 | 9 | 10 | 26 | 11 | 15 | 18 | 24 | 2 | |
| Equity Capital | 18 | 18 | 18 | 18 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 18 | 18 | 18 | 18 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 579
- 552
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- 27
- Tax %
- 25.18%
- Net Profit
- 20
- 11
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 594
- 565
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- 29
- Tax %
- 24.09%
- Net Profit
- 22
- 12
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 618
- 593
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 2
- 31
- Tax %
- 26.19%
- Net Profit
- 23
- 12
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 623
- 598
- Operating Profit
- —
- OPM %
- —
- Other Income
- 71
- Interest
- 0
- Depreciation
- 2
- 95
- Tax %
- 8.33%
- Net Profit
- 87
- 47
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 601
- 569
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 2
- 33
- Tax %
- 25.15%
- Net Profit
- 25
- 11
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 596
- 568
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 2
- 29
- Tax %
- 25.20%
- Net Profit
- 22
- 9
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 644
- 614
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- 29
- Tax %
- 25.14%
- Net Profit
- 22
- 10
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 663
- 634
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 0
- Depreciation
- 1
- 68
- Tax %
- 11.50%
- Net Profit
- 60
- 26
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 638
- 607
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 1
- 35
- Tax %
- 25.17%
- Net Profit
- 26
- 11
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 718
- 673
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 1
- 47
- Tax %
- 25.18%
- Net Profit
- 35
- 15
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 809
- 756
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 1
- 56
- Tax %
- 25.16%
- Net Profit
- 42
- 18
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 812
- 760
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 0
- Depreciation
- 2
- 68
- Tax %
- 20.63%
- Net Profit
- 54
- 24
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 803
- 758
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 0
- Depreciation
- 2
- 50
- Tax %
- 25.16%
- Net Profit
- 38
- 2
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 748 | 919 | 982 | 971 | 710 | 1,041 | 1,358 | 1,409 | 1,461 | 1,735 | 3,141 | |
| 679 | 812 | 865 | 887 | 635 | 946 | 1,242 | 1,302 | 1,343 | 1,570 | 2,947 | |
| Operating Profit | 73 | 117 | 131 | 98 | 106 | 124 | 137 | 188 | 166 | 211 | — |
| OPM % | 10 | 13 | 13 | 10 | 15 | 12 | 10 | 13 | 11 | 12 | — |
| Other Income | 4 | 10 | 14 | 14 | 30 | 29 | 21 | 80 | 48 | 46 | 31 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 6 | 6 | 7 | 7 | 5 | 6 | 6 | 6 | 5 | 5 | 5 |
| 67 | 111 | 123 | 91 | 100 | 118 | 132 | 181 | 160 | 205 | 221 | |
| Tax % | 35 | 34 | 33 | 25 | 20 | 21 | 24 | 16 | 19 | 24 | 24 |
| Net Profit | 44 | 73 | 82 | 68 | 80 | 93 | 100 | 152 | 129 | 157 | 169 |
| EPS | 30 | 50 | 45 | 37 | 44 | 51 | 55 | 83 | 56 | 69 | — |
| Dividend Payout % | 10 | 6 | 7 | 8 | 9 | 10 | 11 | 8 | 13 | 13 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 19 | 32 | 36 | 30 | 35 | 41 | 44 | 66 | 56 | 69 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 19 | 32 | 36 | 30 | 35 | 41 | 44 | 66 | 56 | 69 | — |
- 748
- 679
- Operating Profit
- 73
- OPM %
- 10
- Other Income
- 4
- Interest
- 0
- Depreciation
- 6
- 67
- Tax %
- 35
- Net Profit
- 44
- EPS
- 30
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- 919
- 812
- Operating Profit
- 117
- OPM %
- 13
- Other Income
- 10
- Interest
- 0
- Depreciation
- 6
- 111
- Tax %
- 34
- Net Profit
- 73
- EPS
- 50
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 32
- 982
- 865
- Operating Profit
- 131
- OPM %
- 13
- Other Income
- 14
- Interest
- 0
- Depreciation
- 7
- 123
- Tax %
- 33
- Net Profit
- 82
- EPS
- 45
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
- 971
- 887
- Operating Profit
- 98
- OPM %
- 10
- Other Income
- 14
- Interest
- 0
- Depreciation
- 7
- 91
- Tax %
- 25
- Net Profit
- 68
- EPS
- 37
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
- 710
- 635
- Operating Profit
- 106
- OPM %
- 15
- Other Income
- 30
- Interest
- 0
- Depreciation
- 5
- 100
- Tax %
- 20
- Net Profit
- 80
- EPS
- 44
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
- 1,041
- 946
- Operating Profit
- 124
- OPM %
- 12
- Other Income
- 29
- Interest
- 0
- Depreciation
- 6
- 118
- Tax %
- 21
- Net Profit
- 93
- EPS
- 51
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 41
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 41
- 1,358
- 1,242
- Operating Profit
- 137
- OPM %
- 10
- Other Income
- 21
- Interest
- 0
- Depreciation
- 6
- 132
- Tax %
- 24
- Net Profit
- 100
- EPS
- 55
- Dividend Payout %
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 44
- 1,409
- 1,302
- Operating Profit
- 188
- OPM %
- 13
- Other Income
- 80
- Interest
- 0
- Depreciation
- 6
- 181
- Tax %
- 16
- Net Profit
- 152
- EPS
- 83
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 66
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 66
- 1,461
- 1,343
- Operating Profit
- 166
- OPM %
- 11
- Other Income
- 48
- Interest
- 1
- Depreciation
- 5
- 160
- Tax %
- 19
- Net Profit
- 129
- EPS
- 56
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 56
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 56
- 1,735
- 1,570
- Operating Profit
- 211
- OPM %
- 12
- Other Income
- 46
- Interest
- 0
- Depreciation
- 5
- 205
- Tax %
- 24
- Net Profit
- 157
- EPS
- 69
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 69
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 69
- 3,141
- 2,947
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 0
- Depreciation
- 5
- 221
- Tax %
- 24
- Net Profit
- 169
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 10%
- 5 Years:
- 20%
- 3 Years:
- 9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 10%
- 5 Years:
- 14%
- 3 Years:
- 16%
STOCK PRICE CAGR
- 10 Years:
- 8%
- 5 Years:
- 15%
- 3 Years:
- 23%
- 1 Year:
- 29%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 17%
- 3 Years:
- 17%
- Last Year:
- 16%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 15 | 15 | 18 | 18 | 18 | 18 | 18 | 18 | 23 | 23 |
| 210 | 277 | 349 | 412 | 487 | 573 | 663 | 804 | 916 | 1,055 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 5 | 5 | 5 | 11 | 3 | 3 | 9 | 21 | 19 | 11 |
| 50 | 55 | 52 | 42 | 65 | 74 | 79 | 74 | 140 | 136 | |
| Total Liabilities | 279 | 351 | 424 | 484 | 573 | 668 | 769 | 917 | 1,098 | 1,225 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 63 | 66 | 67 | 62 | 57 | 53 | 53 | 50 | 50 | 42 | |
| Capital Work in Progress | 76 | 64 | 48 | 26 | 20 | 20 | 8 | 6 | 0 | 47 |
| 46 | 108 | 163 | 226 | 287 | 379 | 446 | 526 | 590 | 570 | |
| 11 | 12 | 18 | 21 | 28 | 32 | 37 | 29 | 33 | 34 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 2 | |
| Cash & Bank | 6 | 10 | 1 | 22 | 7 | 27 | 24 | 13 | 95 | 12 |
| 77 | 92 | 127 | 128 | 174 | 158 | 202 | 291 | 328 | 517 | |
| Total Assets | 279 | 351 | 424 | 484 | 573 | 668 | 769 | 917 | 1,098 | 1,225 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | -21 | -10 | -10 | 12 | 30 | 48 | 23 | 28 | 23 | 51 |
| Contingent Liabilities | 8 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 153.61 | 199.20 | 200.69 | 235.47 | 276.29 | 323.37 | 373.00 | 449.90 | 410.80 | 471.95 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | -21 | -10 | -10 | 12 | 30 | 48 | 23 | 28 | 23 | 51 |
| Contingent Liabilities | 8 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 153.61 | 199.20 | 200.69 | 235.47 | 276.29 | 323.37 | 373.00 | 449.90 | 410.80 | 471.95 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
- Equity Capital
- 15
- 210
- 0
- Trade Payables
- 5
- 50
- Total Liabilities
- 279
- 63
- Capital Work in Progress
- 76
- 46
- 11
- 0
- Cash & Bank
- 6
- 77
- Total Assets
- 279
- Total Debt
- 0
- Net Working Capital
- -21
- Contingent Liabilities
- 8
- Book Value per Share
- 153.61
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -21
- Contingent Liabilities
- 8
- Book Value per Share
- 153.61
- Face Value
- 10.00
- Equity Capital
- 15
- 277
- 0
- Trade Payables
- 5
- 55
- Total Liabilities
- 351
- 66
- Capital Work in Progress
- 64
- 108
- 12
- 0
- Cash & Bank
- 10
- 92
- Total Assets
- 351
- Total Debt
- 0
- Net Working Capital
- -10
- Contingent Liabilities
- 8
- Book Value per Share
- 199.20
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -10
- Contingent Liabilities
- 8
- Book Value per Share
- 199.20
- Face Value
- 10.00
- Equity Capital
- 18
- 349
- 0
- Trade Payables
- 5
- 52
- Total Liabilities
- 424
- 67
- Capital Work in Progress
- 48
- 163
- 18
- 0
- Cash & Bank
- 1
- 127
- Total Assets
- 424
- Total Debt
- 0
- Net Working Capital
- -10
- Contingent Liabilities
- 0
- Book Value per Share
- 200.69
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -10
- Contingent Liabilities
- 0
- Book Value per Share
- 200.69
- Face Value
- 10.00
- Equity Capital
- 18
- 412
- 0
- Trade Payables
- 11
- 42
- Total Liabilities
- 484
- 62
- Capital Work in Progress
- 26
- 226
- 21
- 0
- Cash & Bank
- 22
- 128
- Total Assets
- 484
- Total Debt
- 0
- Net Working Capital
- 12
- Contingent Liabilities
- 0
- Book Value per Share
- 235.47
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 12
- Contingent Liabilities
- 0
- Book Value per Share
- 235.47
- Face Value
- 10.00
- Equity Capital
- 18
- 487
- 0
- Trade Payables
- 3
- 65
- Total Liabilities
- 573
- 57
- Capital Work in Progress
- 20
- 287
- 28
- 0
- Cash & Bank
- 7
- 174
- Total Assets
- 573
- Total Debt
- 0
- Net Working Capital
- 30
- Contingent Liabilities
- 0
- Book Value per Share
- 276.29
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 30
- Contingent Liabilities
- 0
- Book Value per Share
- 276.29
- Face Value
- 10.00
- Equity Capital
- 18
- 573
- 0
- Trade Payables
- 3
- 74
- Total Liabilities
- 668
- 53
- Capital Work in Progress
- 20
- 379
- 32
- 0
- Cash & Bank
- 27
- 158
- Total Assets
- 668
- Total Debt
- 0
- Net Working Capital
- 48
- Contingent Liabilities
- 0
- Book Value per Share
- 323.37
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 48
- Contingent Liabilities
- 0
- Book Value per Share
- 323.37
- Face Value
- 10.00
- Equity Capital
- 18
- 663
- 0
- Trade Payables
- 9
- 79
- Total Liabilities
- 769
- 53
- Capital Work in Progress
- 8
- 446
- 37
- 0
- Cash & Bank
- 24
- 202
- Total Assets
- 769
- Total Debt
- 0
- Net Working Capital
- 23
- Contingent Liabilities
- 0
- Book Value per Share
- 373.00
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 23
- Contingent Liabilities
- 0
- Book Value per Share
- 373.00
- Face Value
- 10.00
- Equity Capital
- 18
- 804
- 0
- Trade Payables
- 21
- 74
- Total Liabilities
- 917
- 50
- Capital Work in Progress
- 6
- 526
- 29
- 2
- Cash & Bank
- 13
- 291
- Total Assets
- 917
- Total Debt
- 0
- Net Working Capital
- 28
- Contingent Liabilities
- 0
- Book Value per Share
- 449.90
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 28
- Contingent Liabilities
- 0
- Book Value per Share
- 449.90
- Face Value
- 10.00
- Equity Capital
- 23
- 916
- 0
- Trade Payables
- 19
- 140
- Total Liabilities
- 1,098
- 50
- Capital Work in Progress
- 0
- 590
- 33
- 3
- Cash & Bank
- 95
- 328
- Total Assets
- 1,098
- Total Debt
- 0
- Net Working Capital
- 23
- Contingent Liabilities
- 0
- Book Value per Share
- 410.80
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 23
- Contingent Liabilities
- 0
- Book Value per Share
- 410.80
- Face Value
- 10.00
- Equity Capital
- 23
- 1,055
- 0
- Trade Payables
- 11
- 136
- Total Liabilities
- 1,225
- 42
- Capital Work in Progress
- 47
- 570
- 34
- 2
- Cash & Bank
- 12
- 517
- Total Assets
- 1,225
- Total Debt
- 0
- Net Working Capital
- 51
- Contingent Liabilities
- 0
- Book Value per Share
- 471.95
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 51
- Contingent Liabilities
- 0
- Book Value per Share
- 471.95
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 53 | 63 | 61 | 79 | 1 | 97 | 96 | 59 | 162 | -96 | |
| Cash from Investing | -50 | -61 | -57 | -72 | 10 | -95 | -87 | -48 | -149 | 114 |
| Cash from Financing | -4 | -5 | -5 | -7 | -6 | -7 | -9 | -11 | -13 | -17 |
| -1 | -4 | -2 | -0 | 6 | -5 | 0 | -1 | -0 | 1 | |
| Free Cash Flow | 40 | 63 | 61 | 79 | 1 | 97 | 96 | 59 | 162 | -140 |
| OCF / Net Profit | 1.21 | 0.86 | 0.74 | 1.16 | 0.02 | 1.04 | 0.96 | 0.39 | 1.25 | -0.61 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 244 | 302 | 335 | 333 | 416 | 274 |
| OCF / Net Profit | 1.21 | 0.86 | 0.74 | 1.16 | 0.02 | 1.04 | 0.96 | 0.39 | 1.25 | -0.61 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 244 | 302 | 335 | 333 | 416 | 274 |
- 53
- Cash from Investing
- -50
- Cash from Financing
- -4
- -1
- Free Cash Flow
- 40
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 0
- 63
- Cash from Investing
- -61
- Cash from Financing
- -5
- -4
- Free Cash Flow
- 63
- OCF / Net Profit
- 0.86
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.86
- Cumulative 5-Year FCF
- 0
- 61
- Cash from Investing
- -57
- Cash from Financing
- -5
- -2
- Free Cash Flow
- 61
- OCF / Net Profit
- 0.74
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.74
- Cumulative 5-Year FCF
- 0
- 79
- Cash from Investing
- -72
- Cash from Financing
- -7
- -0
- Free Cash Flow
- 79
- OCF / Net Profit
- 1.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.16
- Cumulative 5-Year FCF
- 0
- 1
- Cash from Investing
- 10
- Cash from Financing
- -6
- 6
- Free Cash Flow
- 1
- OCF / Net Profit
- 0.02
- Cumulative 5-Year FCF
- 244
- OCF / Net Profit
- 0.02
- Cumulative 5-Year FCF
- 244
- 97
- Cash from Investing
- -95
- Cash from Financing
- -7
- -5
- Free Cash Flow
- 97
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 302
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 302
- 96
- Cash from Investing
- -87
- Cash from Financing
- -9
- 0
- Free Cash Flow
- 96
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 335
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 335
- 59
- Cash from Investing
- -48
- Cash from Financing
- -11
- -1
- Free Cash Flow
- 59
- OCF / Net Profit
- 0.39
- Cumulative 5-Year FCF
- 333
- OCF / Net Profit
- 0.39
- Cumulative 5-Year FCF
- 333
- 162
- Cash from Investing
- -149
- Cash from Financing
- -13
- -0
- Free Cash Flow
- 162
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 416
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 416
- -96
- Cash from Investing
- 114
- Cash from Financing
- -17
- 1
- Free Cash Flow
- -140
- OCF / Net Profit
- -0.61
- Cumulative 5-Year FCF
- 274
- OCF / Net Profit
- -0.61
- Cumulative 5-Year FCF
- 274
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 29.84 | 49.86 | 45.03 | 37.12 | 43.82 | 51.08 | 54.64 | 82.90 | 56.48 | 68.65 |
| Book Value (₹) | 153.61 | 199.20 | 200.69 | 235.47 | 276.29 | 323.37 | 373.00 | 449.90 | 410.80 | 471.95 |
| Dividend per Share (₹) | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 5.00 | 6.00 | 7.00 | 7.50 | 9.00 |
| Cash EPS (₹) | 21.58 | 34.53 | 39.23 | 32.89 | 37.45 | 43.52 | 46.26 | 69.01 | 58.75 | 70.92 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 5.37% | 7.31% | 7.66% | 5.84% | 8.57% | 6.98% | 5.91% | 4.45% | 4.70% | 5.55% |
| Net Margin % | 3.22% | 4.54% | 4.83% | 4.04% | 6.50% | 5.25% | 4.29% | 6.27% | 5.15% | 5.27% |
| 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% | 20.40% |
| 17.10% | 23.13% | 21.26% | 14.96% | 15.16% | 15.05% | 13.90% | 17.97% | 12.81% | 13.50% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 3 | 3 | 3 | 4 | 7 | 6 | 5 | 5 | 4 | 4 |
| Payable Days | 10 | 11 | 11 | 14 | 18 | 6 | 9 | 21 | 28 | 19 |
| -7 | -9 | -7 | -10 | -11 | 1 | -3 | -16 | -23 | -15 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 317.46x | 3579.41x | 1731.36x | 1760.34x | 1581.70x | 8493.87x | 3482.89x | 488.52x | 279.10x | 650.71x |
| 0.58x | 0.82x | 0.82x | 1.25x | 1.46x | 1.64x | 1.27x | 1.30x | 1.14x | 1.35x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 8.35% | 22.93% | 6.87% | -1.13% | -26.90% | 46.67% | 30.41% | 3.80% | 3.65% | 18.79% |
| Operating Profit Growth % | -20.69% | 60.96% | 11.34% | -24.87% | 7.63% | 17.54% | 10.75% | 36.55% | -11.72% | 27.29% |
| Net Profit Growth % | -25.16% | 67.06% | 12.90% | -17.56% | 18.04% | 16.56% | 6.97% | 51.73% | -14.84% | 21.54% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 51.73% | -31.87% | 21.54% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.11x | 11.03x | 14.33x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.41x | 1.52x | 2.08x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.11% | 1.20% | 0.92% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.10x | 8.02x | 10.60x |
- EPS (₹)
- 29.84
- Book Value (₹)
- 153.61
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 21.58
- Operating Margin %
- 5.37%
- Net Margin %
- 3.22%
- ROE %
- 21.52%
- ROCE %
- 33.14%
- 17.10%
- Debtor Days
- 0
- Inventory Days
- 3
- Payable Days
- 10
- -7
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 317.46x
- 0.58x
- Revenue Growth %
- 8.35%
- Operating Profit Growth %
- -20.69%
- Net Profit Growth %
- -25.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 49.86
- Book Value (₹)
- 199.20
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 34.53
- Operating Margin %
- 7.31%
- Net Margin %
- 4.54%
- ROE %
- 28.26%
- ROCE %
- 43.16%
- 23.13%
- Debtor Days
- 0
- Inventory Days
- 3
- Payable Days
- 11
- -9
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 3579.41x
- 0.82x
- Revenue Growth %
- 22.93%
- Operating Profit Growth %
- 60.96%
- Net Profit Growth %
- 67.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 45.03
- Book Value (₹)
- 200.69
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 39.23
- Operating Margin %
- 7.66%
- Net Margin %
- 4.83%
- ROE %
- 25.01%
- ROCE %
- 37.46%
- 21.26%
- Debtor Days
- 0
- Inventory Days
- 3
- Payable Days
- 11
- -7
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 1731.36x
- 0.82x
- Revenue Growth %
- 6.87%
- Operating Profit Growth %
- 11.34%
- Net Profit Growth %
- 12.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 37.12
- Book Value (₹)
- 235.47
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 32.89
- Operating Margin %
- 5.84%
- Net Margin %
- 4.04%
- ROE %
- 17.02%
- ROCE %
- 22.79%
- 14.96%
- Debtor Days
- 0
- Inventory Days
- 4
- Payable Days
- 14
- -10
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 1760.34x
- 1.25x
- Revenue Growth %
- -1.13%
- Operating Profit Growth %
- -24.87%
- Net Profit Growth %
- -17.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 43.82
- Book Value (₹)
- 276.29
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 37.45
- Operating Margin %
- 8.57%
- Net Margin %
- 6.50%
- ROE %
- 17.12%
- ROCE %
- 21.41%
- 15.16%
- Debtor Days
- 0
- Inventory Days
- 7
- Payable Days
- 18
- -11
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 1581.70x
- 1.46x
- Revenue Growth %
- -26.90%
- Operating Profit Growth %
- 7.63%
- Net Profit Growth %
- 18.04%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 51.08
- Book Value (₹)
- 323.37
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 43.52
- Operating Margin %
- 6.98%
- Net Margin %
- 5.25%
- ROE %
- 17.04%
- ROCE %
- 21.54%
- 15.05%
- Debtor Days
- 0
- Inventory Days
- 6
- Payable Days
- 6
- 1
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 8493.87x
- 1.64x
- Revenue Growth %
- 46.67%
- Operating Profit Growth %
- 17.54%
- Net Profit Growth %
- 16.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 54.64
- Book Value (₹)
- 373.00
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 46.26
- Operating Margin %
- 5.91%
- Net Margin %
- 4.29%
- ROE %
- 15.69%
- ROCE %
- 20.69%
- 13.90%
- Debtor Days
- 0
- Inventory Days
- 5
- Payable Days
- 9
- -3
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 3482.89x
- 1.27x
- Revenue Growth %
- 30.41%
- Operating Profit Growth %
- 10.75%
- Net Profit Growth %
- 6.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 82.90
- Book Value (₹)
- 449.90
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 69.01
- Operating Margin %
- 4.45%
- Net Margin %
- 6.27%
- ROE %
- 20.15%
- ROCE %
- 24.15%
- 17.97%
- Debtor Days
- 0
- Inventory Days
- 5
- Payable Days
- 21
- -16
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 488.52x
- 1.30x
- Revenue Growth %
- 3.80%
- Operating Profit Growth %
- 36.55%
- Net Profit Growth %
- 51.73%
- 51.73%
- P/E (x)
- 6.11x
- P/B (x)
- 1.41x
- Dividend Yield %
- 1.11%
- 6.10x
- EPS (₹)
- 56.48
- Book Value (₹)
- 410.80
- Dividend per Share (₹)
- 7.50
- Cash EPS (₹)
- 58.75
- Operating Margin %
- 4.70%
- Net Margin %
- 5.15%
- ROE %
- 14.66%
- ROCE %
- 18.23%
- 12.81%
- Debtor Days
- 0
- Inventory Days
- 4
- Payable Days
- 28
- -23
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 279.10x
- 1.14x
- Revenue Growth %
- 3.65%
- Operating Profit Growth %
- -11.72%
- Net Profit Growth %
- -14.84%
- -31.87%
- P/E (x)
- 11.03x
- P/B (x)
- 1.52x
- Dividend Yield %
- 1.20%
- 8.02x
- EPS (₹)
- 68.65
- Book Value (₹)
- 471.95
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 70.92
- Operating Margin %
- 5.55%
- Net Margin %
- 5.27%
- ROE %
- 15.55%
- ROCE %
- 20.40%
- 13.50%
- Debtor Days
- 0
- Inventory Days
- 4
- Payable Days
- 19
- -15
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 650.71x
- 1.35x
- Revenue Growth %
- 18.79%
- Operating Profit Growth %
- 27.29%
- Net Profit Growth %
- 21.54%
- 21.54%
- P/E (x)
- 14.33x
- P/B (x)
- 2.08x
- Dividend Yield %
- 0.92%
- 10.60x
Documents
Announcements
- Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-07-15 - GM Breweries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Outcome of Board Meeting
2026-07-13 - GM Breweries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.

