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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of G M Breweries Ltd

About the Company - G M Breweries Ltd

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 belongs to the Industry of Beverages & Distilleries. Company’s Total Operating Revenue is Rs. 458.46 Cr. and Equity Capital is Rs. 18.29 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Beverages & DistilleriesGanesh Niwas, Mumbai Maharashtra 400025investors_complaints@gmbreweries.com
http://www.gmbreweries.com
Management
NamePosition Held
Mr. Jimmy AlmeidaChairman & Managing Director
Mrs. Jyoti AlmeidaWhole Time Director
Mr. Kiran ParashareWhole Time Director
Mr. Dilip DiwanDirector
Ms. Shivani SoniDirector
Mr. Paresh TrivediDirector
Mr. Shantilal HariaDirector
Mrs. Urmi ShahDirector

Basic Stock Data of G M Breweries Ltd

Last Updated: June 25, 2024, 10:41 pm

Market Cap 1,503 Cr.
Current Price 657
High / Low689/440
Stock P/E10.2
Book Value 361
Dividend Yield0.85 %
ROCE23.5 %
ROE19.6 %
Face Value 10.0
PEG Ratio1.16

G M Breweries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales7311212870116131142142142154156147152
Expenses57841005387104119120111120125120122
Operating Profit15282816292723223133312730
OPM %21%25%22%24%25%21%16%15%22%22%20%18%20%
Other Income2226121251131511
Interest0000000000000
Depreciation2202222222122
Profit before tax15285416292647223035452729
Tax %25%25%15%25%25%25%14%25%25%25%22%25%24%
Net Profit11214512222040162326352022
EPS in Rs6.1311.5524.816.3711.9510.8321.938.8412.4114.1819.2010.8912.24

G M Breweries Ltd Quarterly Chart

G M Breweries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales257473289307360375426464469340458594608
Expenses233447246269264306318347380265363477487
Operating Profit242642389669108117897596117121
OPM %9%6%15%13%27%18%25%25%19%22%21%20%20%
Other Income31121041014930292020
Interest32671200000000
Depreciation4456566775666
Profit before tax21213328886711112391100118132136
Tax %34%34%34%35%34%35%34%33%25%20%21%24%
Net Profit1414221958447382688093100103
EPS in Rs7.567.6111.7710.1831.8623.8539.8445.0337.1243.8251.0854.6456.51
Dividend Payout %17%17%11%16%5%10%6%7%8%9%10%11%

G M Breweries Ltd Profit & Loss Yearly Chart

G M Breweries Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:6%
3 Years:22%
TTM:4%
Compounded Profit Growth
10 Years:21%
5 Years:13%
3 Years:26%
TTM:55%
Stock Price CAGR
10 Years:26%
5 Years:10%
3 Years:12%
1 Year:38%
Return on Equity
10 Years:19%
5 Years:17%
3 Years:17%
Last Year:20%

Last Updated: June 25, 2024, 5:11 pm

G M Breweries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital99912121515181818181818
Reserves7686105114169210277349412487573663695
Borrowings25232932000000000
Other Liabilities58657848505560575368778790
Total Liabilities168184221206231279351424484573668769803
Fixed Assets838596867996111139159138137185212
CWIP294371276644826202088
Investments0049778846108163226287379446469
Other Assets565669426261697473128133131115
Total Assets168184221206231279351424484573668769803

G M Breweries Ltd Reserves and Borrowings Chart

G M Breweries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 19172820605363617919796
Cash from Investing Activity -5-18-27-13-4-50-61-57-7210-95-87
Cash from Financing Activity -12-70-3-32-4-5-5-7-6-7-9
Net Cash Flow2-81424-1-4-2-06-50

G M Breweries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days000000121120
Inventory Days372141503826274038736355
Days Payable2021121111111210218613
Cash Conversion Cycle17029402814163118666042
Working Capital Days-51-34-58-22-19-26-17-8-72517-1
ROCE %22%20%29%22%55%33%42%37%23%20%20%20%

G M Breweries Ltd Financial Efficiency Indicators Chart

G M Breweries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.43%
FIIs1.46%1.63%1.38%1.60%1.91%1.70%1.63%1.78%1.68%1.66%0.30%0.34%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.00%
Public24.11%23.94%24.19%23.97%23.66%23.87%23.94%23.80%23.89%23.91%25.26%25.24%
No. of Shareholders22,10821,00724,96824,56726,49328,99929,44530,42030,64931,10032,13732,309

G M Breweries Ltd Shareholding Pattern Chart

No. of G M Breweries Ltd Shareholders

This stock is not held by any mutual fund

G M Breweries Ltd ROCE Trend

G M Breweries Ltd EPS Trend

G M Breweries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)82.9054.6151.0843.8237.12
Diluted EPS (Rs.)82.9054.6151.0843.8237.12
Cash EPS (Rs.)86.2257.7954.3746.8041.09
Book Value[Excl.RevalReserv]/Share (Rs.)449.70372.83323.22276.16235.36
Book Value[Incl.RevalReserv]/Share (Rs.)449.70372.83323.22276.16235.36
Dividend / Share (Rs.)7.006.005.004.003.00
Revenue From Operations / Share (Rs.)336.45324.57250.72186.00256.27
PBDIT / Share (Rs.)102.6675.1867.8857.7553.66
PBIT / Share (Rs.)99.3072.0064.5654.7549.67
PBT / Share (Rs.)99.1071.9864.5654.7249.65
Net Profit / Share (Rs.)82.8654.6151.0543.8037.10
PBDIT Margin (%)30.5123.1627.0731.0420.93
PBIT Margin (%)29.5122.1825.7529.4319.38
PBT Margin (%)29.4522.1725.7429.4119.37
Net Profit Margin (%)24.6216.8220.3623.5414.47
Return on Networth / Equity (%)18.4214.6415.7915.8515.76
Return on Capital Employeed (%)22.0319.2319.8719.6820.91
Return On Assets (%)16.5112.9813.9713.9714.02
Asset Turnover Ratio (%)0.720.820.730.641.03
Current Ratio (X)1.301.271.641.461.25
Quick Ratio (X)0.990.831.211.030.83
Inventory Turnover Ratio (X)14.0912.6811.049.4417.65
Dividend Payout Ratio (NP) (%)7.239.157.836.849.74
Dividend Payout Ratio (CP) (%)6.958.647.356.408.79
Earning Retention Ratio (%)92.7790.8592.1793.1690.26
Cash Earning Retention Ratio (%)93.0591.3692.6593.6091.21
Interest Coverage Ratio (X)505.033636.698930.031668.291901.53
Interest Coverage Ratio (Post Tax) (X)408.642642.936717.251266.251315.92
Enterprise Value (Cr.)1144.76950.311276.56753.76543.66
EV / Net Operating Revenue (X)1.861.602.782.221.16
EV / EBITDA (X)6.106.9110.287.145.54
MarketCap / Net Operating Revenue (X)1.881.642.842.241.21
Retention Ratios (%)92.7690.8492.1693.1590.25
Price / BV (X)1.411.432.201.511.31
Price / Net Operating Revenue (X)1.881.642.842.241.21
EarningsYield0.130.100.070.100.12

G M Breweries Ltd Profitability Ratios (%)

G M Breweries Ltd Liquidity Ratios

G M Breweries Ltd Liquidity Ratios (%)

G M Breweries Ltd Interest Coverage Ratios (%)

G M Breweries Ltd Valuation Ratios

Fair Value

Fair Value: 727.85

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 10.78% compared to the current price 657

Intrinsic Value: 791.67

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 20.50% compared to the current price ₹657

Last 5 Year EPS CAGR: 8.77%

*Investments are subject to market risks

Strength and Weakness of G M Breweries Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 28.58%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -16.75, which is a positive sign.
  3. The company has higher reserves (354.08 cr) compared to borrowings (7.00 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (416.92 cr) and profit (82.23 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 30.08, which may not be favorable.

FAQ

What is the latest fair value of G M Breweries Ltd?

The latest fair value of G M Breweries Ltd is ₹727.85.

What is the Market Cap of G M Breweries Ltd?

The Market Cap of G M Breweries Ltd is 1,503 Cr..

What is the current Stock Price of G M Breweries Ltd as on 25 June 2024?

The current stock price of G M Breweries Ltd as on 25 June 2024 is ₹657.

What is the High / Low of G M Breweries Ltd stocks in FY 2024?

In FY 2024, the High / Low of G M Breweries Ltd stocks is 689/440.

What is the Stock P/E of G M Breweries Ltd?

The Stock P/E of G M Breweries Ltd is 10.2.

What is the Book Value of G M Breweries Ltd?

The Book Value of G M Breweries Ltd is 361.

What is the Dividend Yield of G M Breweries Ltd?

The Dividend Yield of G M Breweries Ltd is 0.85 %.

What is the ROCE of G M Breweries Ltd?

The ROCE of G M Breweries Ltd is 23.5 %.

What is the ROE of G M Breweries Ltd?

The ROE of G M Breweries Ltd is 19.6 %.

What is the Face Value of G M Breweries Ltd?

The Face Value of G M Breweries Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in G M Breweries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE