G M Breweries Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of G M Breweries Ltd?

G M Breweries Ltd is trading at 1,049.00 as of 21 April 2026, with a FY2026-2027 high of 1,329 and low of 591. The stock is currently in the middle of its 52-week range. Market cap stands at 2,396 Cr..

Q: Is G M Breweries Ltd financially healthy?

Key indicators: ROCE of 18.1 % indicates efficient capital utilization. Dividend yield is 0.72 %.

Q: Is G M Breweries Ltd profitable and how is the profit trend?

G M Breweries Ltd reported a net profit of 129 Cr in Mar 2025 on revenue of 637 Cr. Compared to 93 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹745.34Overvalued by 28.95%vs CMP ₹1,049.00

P/E (14.7) × ROE (14.6%) × BV (₹431.00) × DY (0.72%)

₹690.54Overvalued by 34.17%vs CMP ₹1,049.00

MoS: -51.9% (Negative)Confidence: 66/100 (Moderate)Models: 1 Under, 9 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹833.09	20%	Over (-20.6%)
Graham Number	Earnings	₹832.34	14%	Over (-20.7%)
Earnings Power	Earnings	₹467.00	12%	Over (-55.5%)
DCF	Cash Flow	₹1,273.02	12%	Under (+21.4%)
Net Asset Value	Assets	₹430.81	6%	Over (-58.9%)
EV/EBITDA	Enterprise	₹430.81	8%	Over (-58.9%)
Dividend Discount	Dividends	₹220.00	8%	Over (-79%)
Earnings Yield	Earnings	₹714.40	6%	Over (-31.9%)
ROCE Capital	Returns	₹706.53	8%	Over (-32.6%)
Revenue Multiple	Revenue	₹278.89	5%	Over (-73.4%)
Consensus (10 models)		₹690.54	100%	Overvalued

Key Drivers: Wide model spread (₹220–₹1,273) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 11.8%

*Investments are subject to market risks

Analyst Summary

G M Breweries Ltd operates in the Beverages & Distilleries segment, NSE: GMBREW | BSE: 507488, current market price is ₹1,049.00, market cap is 2,396 Cr.. At a glance, stock P/E is 14.7, ROE is 14.6 %, ROCE is 18.1 %, book value is 431, dividend yield is 0.72 %. The latest intrinsic value estimate is ₹690.54, around 34.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹637 Cr versus the prior period change of 3.6%, while latest net profit is about ₹129 Cr with a prior-period change of -15.1%. This analysis page also carries profit and loss, shareholding pattern, ratio panels data, which improves the depth of the template beyond a thin price-only snapshot. The 52-week range shown on this page is 1,329/591, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisG M Breweries Ltd. is a Public Limited Listed company incorporated on 09/12/1981 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L15500MH1981PLC025809 and registration number is 025809. Currently Company is invol…

This summary is generated from the stock page data available for G M Breweries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

G M Breweries Ltd scores 69/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health77/100 · Strong

ROCE 18.1% GoodROE 14.6% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money60/100 · Moderate

FII holding up 0.88% (6mo) Slight increasePromoter holding at 74.4% Stable

Earnings Quality60/100 · Moderate

OPM stable around 18% SteadyWorking capital: -41 days (improving) Efficient

Quarterly Momentum78/100 · Strong

Revenue (4Q): +14% YoY GrowingProfit (4Q): +4% YoY PositiveOPM: 26.0% (up 8.0% YoY) Margin expansion

Industry Rank65/100 · Strong

P/E 14.7 vs industry 26.7 Cheaper than peersROCE 18.1% vs industry 15.5% Average3Y sales CAGR: 12% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:58 am

Market Cap	2,396 Cr.
Current Price	1,049
Intrinsic Value	₹690.54
High / Low	1,329/591
Stock P/E	14.7
Book Value	431
Dividend Yield	0.72 %
ROCE	18.1 %
ROE	14.6 %
Face Value	10.0
PEG Ratio	1.25

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for G M Breweries Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
G M Breweries Ltd	2,396 Cr.	1,049	1,329/591	14.7	431	0.72 %	18.1 %	14.6 %	10.0
Globus Spirits Ltd	2,479 Cr.	853	1,304/797	31.2	358	0.32 %	5.80 %	2.54 %	10.0
Associated Alcohols & Breweries Ltd	1,449 Cr.	722	1,446/661	16.6	309	0.28 %	20.0 %	17.3 %	10.0
Som Distilleries & Breweries Ltd	1,437 Cr.	69.1	173/61.8	16.2	39.9	0.00 %	18.0 %	16.2 %	2.00
IFB Agro Industries Ltd	676 Cr.	721	1,795/440	14.1	699	0.00 %	6.24 %	3.82 %	10.0
Industry Average	6,879.63 Cr	832.51		26.65	278.69	0.21%	15.54%	13.43%	8.00

All Competitor Stocks of G M Breweries Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	154	156	147	152	157	160	152	149	166	169	163	181	202
Expenses	120	125	120	122	132	135	121	121	136	141	132	136	150
Operating Profit	33	31	27	30	25	25	31	28	30	29	31	45	53
OPM %	22%	20%	18%	20%	16%	16%	21%	18%	18%	17%	19%	25%	26%
Other Income	3	15	1	1	7	71	4	3	1	40	5	3	5
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	2	1	2	2	2	2	2	2	2	1	1	1	1
Profit before tax	35	45	27	29	31	95	33	29	29	68	35	47	56
Tax %	25%	22%	25%	24%	26%	8%	25%	25%	25%	12%	25%	25%	25%
Net Profit	26	35	20	22	23	87	25	22	22	60	26	35	42
EPS in Rs	11.37	15.39	8.73	9.81	9.91	38.00	10.92	9.48	9.62	26.46	11.32	15.27	18.39

Last Updated: January 12, 2026, 7:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:16 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	289	307	360	375	426	464	469	340	458	594	615	637	715
Expenses	246	269	264	306	318	347	380	265	363	477	508	519	558
Operating Profit	42	38	96	69	108	117	89	75	96	117	107	118	157
OPM %	15%	13%	27%	18%	25%	25%	19%	22%	21%	20%	17%	18%	22%
Other Income	1	2	10	4	10	14	9	30	29	20	80	48	53
Interest	6	7	12	0	0	0	0	0	0	0	0	1	0
Depreciation	5	6	5	6	6	7	7	5	6	6	6	5	4
Profit before tax	33	28	88	67	111	123	91	100	118	132	181	160	206
Tax %	34%	35%	34%	35%	34%	33%	25%	20%	21%	24%	16%	19%
Net Profit	22	19	58	44	73	82	68	80	93	100	152	129	163
EPS in Rs	9.41	8.14	25.46	19.06	31.83	36.10	29.76	35.13	40.95	43.80	66.46	56.48	71.44
Dividend Payout %	11%	16%	5%	10%	6%	7%	8%	9%	10%	11%	8%	13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-13.64%	205.26%	-24.14%	65.91%	12.33%	-17.07%	17.65%	16.25%	7.53%	52.00%	-15.13%
Change in YoY Net Profit Growth (%)	0.00%	218.90%	-229.40%	90.05%	-53.58%	-29.40%	34.72%	-1.40%	-8.72%	44.47%	-67.13%

G M Breweries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	6%
3 Years:	12%
TTM:	4%

Compounded Profit Growth
10 Years:	22%
5 Years:	13%
3 Years:	13%
TTM:	-17%

Stock Price CAGR
10 Years:	16%
5 Years:	17%
3 Years:	12%
1 Year:	-19%

Return on Equity
10 Years:	18%
5 Years:	16%
3 Years:	16%
Last Year:	15%

Last Updated: September 5, 2025, 4:55 am

Balance Sheet

Last Updated: October 10, 2025, 2:05 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	9	12	12	15	15	18	18	18	18	18	18	23	23
Reserves	105	114	169	210	277	349	412	487	573	663	804	916	961
Borrowings	29	32	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	78	48	50	55	60	57	53	68	77	87	95	159	117
Total Liabilities	221	206	231	279	351	424	484	573	668	769	917	1,098	1,101
Fixed Assets	96	86	79	96	111	139	159	138	137	185	240	291	297
CWIP	7	1	2	76	64	48	26	20	20	8	6	0	0
Investments	49	77	88	46	108	163	226	287	379	446	526	590	602
Other Assets	69	42	62	61	69	74	73	128	133	131	146	217	202
Total Assets	221	206	231	279	351	424	484	573	668	769	917	1,098	1,101

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	20	60	53	63	61	79	1	97	96	59	162	-96
Cash from Investing Activity +	-13	-4	-50	-61	-57	-72	10	-95	-87	-48	-149	114
Cash from Financing Activity +	-3	-32	-4	-5	-5	-7	-6	-7	-9	-11	-13	-17
Net Cash Flow	4	24	-1	-4	-2	-0	6	-5	0	-1	-0	1
Free Cash Flow	32	60	43	55	37	81	29	99	59	7	116	-114
CFO/OP	76%	93%	111%	94%	88%	113%	26%	128%	109%	82%	164%	-26%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	13.00	6.00	96.00	69.00	108.00	117.00	89.00	75.00	96.00	117.00	107.00	118.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	0	0	0	0	1	2	1	1	2	0	1	2
Inventory Days	41	50	38	26	27	40	38	73	63	55	40	46
Days Payable	12	11	11	11	12	10	21	8	6	13	29	27
Cash Conversion Cycle	29	40	28	14	16	31	18	66	60	42	12	21
Working Capital Days	-58	-30	-19	-26	-17	-8	-7	25	17	-1	9	-41
ROCE %	29%	22%	55%	33%	42%	37%	23%	20%	20%	20%	24%	18%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	74.43%	74.43%	74.43%	74.43%	74.43%	74.43%	74.43%	74.43%	74.43%	74.43%	74.43%	74.43%
FIIs	1.66%	0.30%	0.34%	0.30%	0.36%	0.63%	0.34%	0.37%	0.32%	0.44%	0.37%	1.20%
DIIs	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.15%
Public	23.91%	25.26%	25.24%	25.27%	25.22%	24.94%	25.22%	25.20%	25.25%	25.12%	25.18%	24.22%
No. of Shareholders	31,100	32,137	32,309	32,337	33,605	39,890	46,665	46,896	48,928	49,406	49,026	47,207

Shareholding Pattern Chart

No. of Shareholders

G M Breweries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	56.48	82.90	54.61	51.08	43.82
Diluted EPS (Rs.)	56.48	82.90	54.61	51.08	43.82
Cash EPS (Rs.)	58.73	86.22	57.79	54.37	46.80
Book Value[Excl.RevalReserv]/Share (Rs.)	410.65	449.70	372.83	323.22	276.16
Book Value[Incl.RevalReserv]/Share (Rs.)	410.65	449.70	372.83	323.22	276.16
Dividend / Share (Rs.)	7.50	7.00	6.00	5.00	4.00
Revenue From Operations / Share (Rs.)	278.52	336.45	324.57	250.72	186.00
PBDIT / Share (Rs.)	72.51	102.66	75.18	67.88	57.75
PBIT / Share (Rs.)	70.24	99.30	72.00	64.56	54.75
PBT / Share (Rs.)	69.99	99.10	71.98	64.56	54.72
Net Profit / Share (Rs.)	56.46	82.86	54.61	51.05	43.80
PBDIT Margin (%)	26.03	30.51	23.16	27.07	31.04
PBIT Margin (%)	25.21	29.51	22.18	25.75	29.43
PBT Margin (%)	25.12	29.45	22.17	25.74	29.41
Net Profit Margin (%)	20.27	24.62	16.82	20.36	23.54
Return on Networth / Equity (%)	13.74	18.42	14.64	15.79	15.85
Return on Capital Employeed (%)	17.07	22.03	19.23	19.87	19.68
Return On Assets (%)	11.75	16.51	12.98	13.97	13.97
Asset Turnover Ratio (%)	0.63	0.72	0.82	0.73	0.64
Current Ratio (X)	1.14	1.30	1.27	1.64	1.46
Quick Ratio (X)	0.93	0.99	0.83	1.21	1.03
Inventory Turnover Ratio (X)	20.70	18.82	12.68	11.04	9.44
Dividend Payout Ratio (NP) (%)	9.91	7.23	9.15	7.83	6.84
Dividend Payout Ratio (CP) (%)	9.53	6.95	8.64	7.35	6.40
Earning Retention Ratio (%)	90.09	92.77	90.85	92.17	93.16
Cash Earning Retention Ratio (%)	90.47	93.05	91.36	92.65	93.60
Interest Coverage Ratio (X)	288.11	505.03	3636.69	8930.03	1668.29
Interest Coverage Ratio (Post Tax) (X)	225.34	408.64	2642.93	6717.25	1266.25
Enterprise Value (Cr.)	1329.22	1144.76	950.31	1276.56	753.76
EV / Net Operating Revenue (X)	2.09	1.86	1.60	2.78	2.22
EV / EBITDA (X)	8.02	6.10	6.91	10.28	7.14
MarketCap / Net Operating Revenue (X)	2.24	1.88	1.64	2.84	2.24
Retention Ratios (%)	90.08	92.76	90.84	92.16	93.15
Price / BV (X)	1.52	1.41	1.43	2.20	1.51
Price / Net Operating Revenue (X)	2.24	1.88	1.64	2.84	2.24
EarningsYield	0.09	0.13	0.10	0.07	0.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

G M Breweries Ltd. is a Public Limited Listed company incorporated on 09/12/1981 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L15500MH1981PLC025809 and registration number is 025809. Currently Company is involved in the business activities of Manufacture of country liquor. Company's Total Operating Revenue is Rs. 747.85 Cr. and Equity Capital is Rs. 22.86 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Beverages & Distilleries	Ganesh Niwas, Mumbai Maharashtra 400025	Contact not found

Management
Name	Position Held
Mr. Jimmy Almeida Kashyap	Chairman & Managing Director
Mrs. Jyoti Almeida Kashyap	Whole Time Director
Mr. Kiran Parashare	Whole Time Director
Mr. Shantilal Haria	Director
Mrs. Urmi Shah	Director
Ms. Shivani Soni	Director

FAQ

What is the intrinsic value of G M Breweries Ltd and is it undervalued?

As of 21 April 2026, G M Breweries Ltd's intrinsic value is ₹690.54, which is 34.17% lower than the current market price of ₹1,049.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.6 %), book value (₹431), dividend yield (0.72 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of G M Breweries Ltd?

G M Breweries Ltd is trading at ₹1,049.00 as of 21 April 2026, with a FY2026-2027 high of ₹1,329 and low of ₹591. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,396 Cr..

How does G M Breweries Ltd's P/E ratio compare to its industry?

G M Breweries Ltd has a P/E ratio of 14.7, which is below the industry average of 26.65. This is broadly in line with or below the industry average.

Is G M Breweries Ltd financially healthy?

Key indicators for G M Breweries Ltd: ROCE of 18.1 % indicates efficient capital utilization. Dividend yield is 0.72 %.

Is G M Breweries Ltd profitable and how is the profit trend?

G M Breweries Ltd reported a net profit of ₹129 Cr in Mar 2025 on revenue of ₹637 Cr. Compared to ₹93 Cr in Mar 2022, the net profit shows an improving trend.

Does G M Breweries Ltd pay dividends?

G M Breweries Ltd has a dividend yield of 0.72 % at the current price of ₹1,049.00. The company pays dividends, though the yield is modest.