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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Som Distilleries & Breweries Ltd

About the Company - Som Distilleries & Breweries Ltd

Som Distilleries & Breweries Ltd. is a Public Limited Listed company incorporated on 26/03/1993 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1993PLC052787 and registration number is 052787. Currently company belongs to the Industry of Beverages & Distilleries. Company’s Total Operating Revenue is Rs. 204.21 Cr. and Equity Capital is Rs. 34.99 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Beverages & Distilleries1-A, Zee Plaza, Arjun Nagar, New Delhi Delhi 110029compliance@somindia.com
http://www.somindia.com
Management
NamePosition Held
Mr. Jagdish Kumar AroraChairman & Managing Director
Mr. Nakul Kam SethiWhole Time Director
Mr. Satpal Kumar AroraInd. Non-Executive Director
Mr. Deenanath SinghInd. Non-Executive Director
Mr. Uma Kant SamalInd. Non-Executive Director
Ms. Nishi AroraInd. Non-Executive Woman Director

Som Distilleries & Breweries Ltd. Share Price Update

Share PriceValue
Today₹271.25
Previous Day₹259.15

Basic Stock Data of Som Distilleries & Breweries Ltd

Market Cap 2,047 Cr.
Current Price 264
High / Low390/112
Stock P/E24.9
Book Value 66.5
Dividend Yield0.10 %
ROCE15.6 %
ROE18.1 %
Face Value 5.00

Data Source: screener.in

Competitors of Som Distilleries & Breweries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tilaknagar Industries Ltd 4,256 Cr. 221291/95.531.7 29.60.11 %15.5 %23.9 % 10.0
United Spirits Ltd 83,740 Cr. 1,1511,180/73165.9 93.60.34 %20.0 %17.5 % 2.00
Radico Khaitan Ltd 21,391 Cr. 1,6001,885/1,06990.6 1680.18 %11.6 %9.82 % 2.00
United Breweries Ltd 45,342 Cr. 1,7151,914/1,342134 1520.44 %11.4 %8.27 % 1.00
Industry Average38,682.25 Cr1,171.7580.55110.800.27%14.63%14.87%3.75

Som Distilleries & Breweries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales78108507789146254147149253385248266
Expenses82100557384134220129132224336221235
Operating Profit-48-5561234171728492732
OPM %-5%7%-10%6%6%8%13%12%11%11%13%11%12%
Other Income1111102130200
Interest5544444434333
Depreciation3444444444466
Profit before tax-110-13-2-1428101220431924
Tax %-0%-1,056%0%0%0%-73%9%20%10%22%21%23%24%
Net Profit-114-13-2-162681116341518
EPS in Rs-1.500.50-1.72-0.34-0.150.873.501.131.362.054.361.922.32

Som Distilleries & Breweries Ltd Quarterly Chart

Som Distilleries & Breweries Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2453513934602883658071,152
Expenses2092923444162973457051,016
Operating Profit36594944-1020102136
OPM %15%17%13%10%-3%5%13%12%
Other Income32343-013
Interest119121519151612
Depreciation4491213171720
Profit before tax24473221-39-1370106
Tax %40%47%38%28%2%22%14%
Net Profit14252015-38-106082
EPS in Rs2.284.072.702.05-5.19-1.347.8010.65
Dividend Payout %29%16%25%0%0%0%3%

Som Distilleries & Breweries Ltd Profit & Loss Yearly Chart

Som Distilleries & Breweries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:18%
3 Years:21%
TTM:66%
Compounded Profit Growth
10 Years:%
5 Years:19%
3 Years:59%
TTM:62%
Stock Price CAGR
10 Years:8%
5 Years:29%
3 Years:101%
1 Year:117%
Return on Equity
10 Years:%
5 Years:3%
3 Years:1%
Last Year:18%

Som Distilleries & Breweries Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2828323232353739
Reserves113134278287249255338476
Borrowings7491169222208197242159
Other Liabilities90115207215222212294254
Total Liabilities305366687757712699912928
Fixed Assets6878207272414406391463
CWIP2194150142209741
Investments00000000
Other Assets216194330343295294424424
Total Assets305366687757712699912928

Som Distilleries & Breweries Ltd Reserves and Borrowings Chart

Som Distilleries & Breweries Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 888144123914
Cash from Investing Activity -81-87-197-70-13-6-108
Cash from Financing Activity 5019226-18-897
Net Cash Flow12-6-1-3-7-53

Som Distilleries & Breweries Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days747311010316711664
Inventory Days13762175156151149102
Days Payable1276311613019712283
Cash Conversion Cycle847216912912114283
Working Capital Days137417160555264
ROCE %24%12%7%-4%1%16%

Som Distilleries & Breweries Ltd Financial Efficiency Indicators Chart

Som Distilleries & Breweries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters24.48%24.48%24.48%24.48%29.29%30.11%30.41%32.72%33.11%34.46%34.50%34.73%
FIIs0.00%0.05%0.02%0.11%0.05%0.21%1.18%1.64%1.10%1.08%0.86%0.58%
DIIs2.15%1.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.15%0.47%0.49%
Public73.37%74.46%75.50%75.42%70.66%69.68%68.41%65.64%65.79%64.29%64.17%64.20%
No. of Shareholders20,77125,02026,85028,13027,65026,62729,30134,59933,47244,31952,64465,759

Som Distilleries & Breweries Ltd Shareholding Pattern Chart

No. of Som Distilleries & Breweries Ltd Shareholders

This stock is not held by any mutual fund

Som Distilleries & Breweries Ltd ROCE Trend

Som Distilleries & Breweries Ltd EPS Trend

Som Distilleries & Breweries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.0010.0010.0010.00
Basic EPS (Rs.)8.47-1.45-5.864.656.04
Diluted EPS (Rs.)8.40-1.45-5.864.656.04
Cash EPS (Rs.)10.480.99-7.608.218.77
Book Value[Excl.RevalReserv]/Share (Rs.)50.8941.3886.7298.4595.61
Book Value[Incl.RevalReserv]/Share (Rs.)50.8941.3886.7298.4595.61
Revenue From Operations / Share (Rs.)109.3651.8388.50141.53121.03
PBDIT / Share (Rs.)14.022.80-2.1514.7516.25
PBIT / Share (Rs.)11.720.40-6.2711.1613.55
PBT / Share (Rs.)9.55-1.79-12.016.439.73
Net Profit / Share (Rs.)8.17-1.41-11.724.626.08
NP After MI And SOA / Share (Rs.)8.17-1.41-11.724.626.08
PBDIT Margin (%)12.825.40-2.4310.4213.42
PBIT Margin (%)10.710.77-7.087.8811.19
PBT Margin (%)8.73-3.45-13.574.548.03
Net Profit Margin (%)7.47-2.71-13.233.265.02
NP After MI And SOA Margin (%)7.47-2.71-13.233.265.02
Return on Networth / Equity (%)16.06-3.39-13.514.696.35
Return on Capital Employeed (%)14.530.69-4.907.6110.42
Return On Assets (%)6.61-1.40-5.351.982.87
Long Term Debt / Equity (X)0.420.380.430.450.30
Total Debt / Equity (X)0.640.680.630.620.47
Asset Turnover Ratio (%)1.000.330.270.500.70
Current Ratio (X)1.230.910.941.151.18
Quick Ratio (X)0.800.620.710.780.82
Inventory Turnover Ratio (X)4.582.371.462.143.70
Dividend Payout Ratio (NP) (%)3.000.000.0032.4420.91
Dividend Payout Ratio (CP) (%)2.340.000.0018.2514.48
Earning Retention Ratio (%)97.000.000.0067.5679.09
Cash Earning Retention Ratio (%)97.660.000.0081.7585.52
Interest Coverage Ratio (X)6.481.28-0.373.124.25
Interest Coverage Ratio (Post Tax) (X)4.780.35-1.041.982.59
Enterprise Value (Cr.)1363.55625.60269.69375.80640.59
EV / Net Operating Revenue (X)1.691.720.930.811.63
EV / EBITDA (X)13.1831.94-38.537.8412.13
MarketCap / Net Operating Revenue (X)1.411.210.360.431.31
Retention Ratios (%)96.990.000.0067.5579.08
Price / BV (X)3.021.510.370.621.66
Price / Net Operating Revenue (X)1.411.210.360.431.31
EarningsYield0.05-0.02-0.350.070.03

Som Distilleries & Breweries Ltd Profitability Ratios (%)

Som Distilleries & Breweries Ltd Liquidity Ratios

Som Distilleries & Breweries Ltd Liquidity Ratios (%)

Som Distilleries & Breweries Ltd Interest Coverage Ratios (X)

Som Distilleries & Breweries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Som Distilleries & Breweries Ltd

Fair Value: ₹300.01

The stock is undervalued by 13.64% compared to the current price ₹264

*Investments are subject to market risks

Strength and Weakness of Som Distilleries & Breweries Ltd

StrengthWeakness
  1. The company has higher reserves (266.25 cr) compared to borrowings (170.25 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (363.75 cr) and profit (31.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 6.11 and average Dividend Yield of 4.69%.
  2. The stock has a low average ROCE of 8.00%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 68.57, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 114.29, which may not be favorable.

Should I Buy Som Distilleries & Breweries Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Som Distilleries & Breweries Ltd:
    1. Net Profit Margin: 7.47%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.53% (Industry Average ROCE: 14.63%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 4.78
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.80
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 23.8 (Industry average Stock P/E: 81.83)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.64
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Som Distilleries & 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