Value Pick November ’18: G.M.Breweries Limited, Update
Update
Q3 2022 Results
The Board of Directors of the Company at its meeting held on January 12, 2023 has approved the Unaudited Financial Results of the Company for the 3rd quarter ended December 31,2022. Continue reading…
Revenues from Operations of the company for the 3rd quarter ended December 31, 2022 stood at INR 609.16 Cr as compared to INR 561.90 Cr for the previous quarter ended September 30 2022, a growth of 8.41% Q-o-Q basis; however on a Y-O-Y basis the revenues of the company grew by 18.51%
Total Expenses stood at INR 577.49 Cr as on December 30, 2022 as compared to INR 532.60 Cr for the previous quarter; while the same stood at INR 488.52 Cr for same period last year.
The Company has registerd a Profit after Tax (PAT) of INR 25.92 Cr for the period ended September 30, 2022 which was INR 22.69 Cr for the last quarter, a growth of 14.23% Q-o-Q basis; while PAT on Y-o-Y basis grew by 31%
EPS of the company stood at INR 14.18 v/s INR 10.83 Y-o-Y
During H1 FY2022-23 the company has launch a new product G. M. Black – a Country Liquor Colour Brand. Check gm breweries product list
The stock ended at INR 606 (UP 0.95%) with a volume of 3,38,149 shares on the National Stock Exchange.
Finblab is of the view that one can accumulate GMBL for the longer term.
October 11, 2022
Update
Q2 FY 2022-23 Numbers
The Board of Directors of G. M. Breweries Limited in its meeting held today (October 11, 2022) approved Unaudited Financial Results of the Company for the 2nd quarter and half year ended September 30, 2022. Read details –
Total revenues from Operations of the company for the quarter ended 30 September 2022 stood at INR 561.9 crore as compared to INR 551.35 crore for the last quarter ended 30 June 2022, a growth of 1.91 percent Q-O-Q basis; however on a Y-O-Y basis the revenues of the company grew by 24.87 percent.
Total expenses were INR 532.60 crore as on 30 September 2022 as compared to INR 531.18 for the last quarter; total expenses stood at INR 422.31 crore for same period last year.
The Company’s profit after tax (PAT) stood at INR 22.69 crore for the period ended 30 September 2022 which was INR 16.16 crore for the last quarter, a growth of 40.41 percent Q-O-Q basis; on Y-O-Y basis PAT grew by 3.84 percent.
EPS of the company stood at INR 12.41 for v/s INR 8.84 Q-O-Q.
During the last quarter the company has launch a new product called “G. M. Black” – a Country Liquor Colour Brand.
The stock ended at INR 595.65 (DOWN 6.35%) with a volume of 4,90,194 shares on the NSE.
Finblab view – one can accumulate GMBL for the longer term.
Also Read: Krishna Institute of Medical Sciences – Value Pick Stock OCTOBER 2022
07 July 2022
Update –
Q1 FY 2022-23 Numbers
G.M.Breweries Limited (GMBL) – engaged in the business of manufacturing and marketing of Alcoholic Beverages; like Country Liquor and Indian made Foreign Liquor has presented its quarterly Financial Results (Provisional) for the Quarter ended 3oth June, 2022 today.
The company’s total revenues from operation for the period ended 30th June, 2022 stood at INR 551.35 Cr as compared to INR 541.42 Cr for the quarter ended 31st March, 2022.
Revenues from operation for last year, ie 30th June, 2021 stood at INR 272.80 Cr, showing growth of 102% Y-O-Y basis.
Total expenses stood at INR 531.18 Cr for the period ended 3oth June, 2022, 519.91 Cr for the period ended 31st March, 2022, and INR 257.91 Cr for period ended 3oth June, 2021.
The Company’s profit after tax stood at INR 16.16 Cr for the period ended 30th June, 2022; the same was INR 11.64 Cr a period year ago, registering a growth of 38.83% Y-O-Y basis. GMBL registered a net profit of INR 40.08 Cr for the quarter ended 31st March, 2022.
EPS of the company stood at INR 8.84 v/s 6.37, year-on-year basis.
Finblab is of the view that one can accumulate GMBL for the longer term.
Also Read – HOW THE NIFTY WILL BEHAVE IN JULY 2022
Update:
Q1 FY 2020-21 Numbers
GM Breweries Limited posted its Q1 FY 2020-21 numbers today during the market hours.
The Company’s total revenue from operations stood at INR 96.81 Cr for the period 30 June 2020 as compared to INR 430 for the period ended 30 June 2019, a de-growth of 77.49 per cent year-on-year basis.
For Q-O-Q basis, the revenue declined by 75.65 per cent (INR 397.54 Cr for the quarter ended 31 March 2020)
Total expenses of the company stood at INR 93.68 Cr as on 30 June 2020 as against INR 406.04 Cr for the period one year ago.
Profit After Tax (PAT) declined by 85.06 per cent Y-O-Y basis, INR 2.42 Cr v/s INR 16.27 Cr.
The top-line and bottom-line of the company got affected due to the extension of lockdown and sales of the company’s products (country liquor) are still not permitted in Mumbai, Thane, Solapur, and some other region of Maharashtra, the principal market for company’s products.
FINBLAB continues to be bullish on the stock and recommends accumulating it on every decline.
Read: Finblab ValuePick Stock Escorts Limited
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07 January 2020
Update:
Q3 Result FY 2019-20
GM Breweries Ltd – the largest manufacturer of country liquor in the state of Maharashtra has posted its Q3 numbers today during the market hours.
The company has posted a 16.3% drop Y-o-Y in third quarter (October to December 2019) net profit (INR 13.98 Cr vs. INR 16.71 Cr)
Revenue from operations during the quarter also declined by 3.9% to INR 119.7 Cr Y-o-Y, company said in the BSE filing.
At operating level, EBITDA too dropped by 19.8% Y-o-Y to INR 19.9 Cr and margin tapered 330 bps Y-o-Y to 16.6% in quarter ended December 2019.
gm breweries share closed nearly 5.26% to INR 387 on NSE when the markets closed, but fell almost 8% during December quarter.
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10 October, 2019
Q2 Result FY 2019-20
G.M.Breweries Limited on October 10 reported 22% jump in the September quarter profit at INR 19.85 Cr, despite heavy rain and flood situation in the Maharashtra region.
Profit in the June quarter stood at INR 16.27 Cr. However, the (y-o-y) growth was 2.21% in bottomline.
Revenue of the company de-grew by 1.24% quarter-on-quarter (up 2.67 percent YoY) the breweries major said in its BSE filing.
Company’s profitability is likely to improve in the upcoming quarters since festive seasons and elections in the state of Maharashtra is round the corner.
Reduction in Corporate Tax also help the company to post better numbers in quarters to come.
gm breweries share corrected nearly 2.58% to INR 374 on NSE when the markets closed, but fell almost 18% during September quarter.
G.M.Breweries Limited, popularly known as GMBL, is engaged in the business of manufacturing and marketing of Alcoholic Beverages; such as Country Liquor (CL) and Indian made Foreign Liquor (IMFL).
History:
G.M.Breweries Limited was set up by Jimmy Almeida in the year 1981 with an aim to provide finest quality country liquor to the common man, who savours its taste, at the lowest possible price.
Jimmy Almeida always wanted to share his wealth with the society at large; GMBL came out with its Initial public offer of shares (IPO) in September 1993.
GMBL has loyal shareholders base who has been rewarded with dividend continuously every single year after the public issue.
Business:
G.M.Breweries Limited is the largest manufacturer of country liquor in the state of Maharashtra with a sizeable market share. The Company also contributes substantially to the state exchequer by way of excise duty and value added tax.
GMBL is having a state of the art fully automatic Bottling Plant at Virar (Maharashtra) with a capacity to produce about 50,000 cases a day. Initially The Company started producing 200 cases a day which has now reached to more than 50,000 cases a day.
G.M.Breweries “Brands”
- M.SANTRA: The most leading and prestigious blend. Widely preferred by the consumers for its organoleptic taste and aroma. Ruling at number 1 position amongst Country Liquor Industry for the past 12 years, in the State of Maharashtra.
- M.DOCTOR: One of company’s prestigious brands made from finely Distilled Vaccum distillation Plant. Ruling the market for the last 25 years.
- M.LIMBU PUNCH: A mixed punch blend of Lemon and lime flavours. Consumers say it’s a cocktail made available to the consumers of foreign liquors.
- M.DILBAHAR SOUNF: Superior blend of Extract fine Distilled Rectified Spirit and Anise flavour, added all spices flavours and herbs flavour for additional palate.
Special Feature:
The country liquor industry producers were producing only 750 ml and 375 ml bottles only in the old days but it was Jimmy Almeida who introduced 180 ml bottles in the country liquor industry. Further he was pioneer in introducing pet bottles to the country liquor industry.
Listed On:
The shares of G.M.Breweries Limited are presently listed at Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India.
Stock Info – G.M.Breweries Limited
Share Holding Pattern
Financials – G.M.Breweries Limited
Conclusion
G.M.Breweries Limited is the largest manufacturer of country liquor in the state of Maharashtra with a sizeable market share.
Company is having sound management, enjoying leadership position as far as its BRANDS are concern! Besides the promoters have solid and steady stake (more than 74%) since last 4 quarters. Along with that some of the reputed fund houses like Fidelity, DHFL, and well-known investor Mukul Agrawal is having more than 1% stake in the company.
During the quarter ended 30 September 2018, the company’s profit jumped 23% to INR 19.42 Cr versus INR 15.73 Cr in the same quarter last fiscal. Revenue increased to INR 413.59 Cr versus INR 384.82 Cr.
Considering the above mentioned factors, the techno-funda analysis, and sector outlook in mind; G.M.Breweries Limited looks good at INR 575. FinBlab recommends investing in a stock keeping a long-term view in mind. (One can accumulate on decline also)
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