GM Breweries
GM Breweries
BeveragesKey Fundamentals
MicrocapBreweries & DistilleriesBeveragesPrice-based figures as of 12 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
1- Dividend payout has been low at 11.6% of profits over last 3 years
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 23% · Sep 2026
Quarterly Results
| Particulars | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 152 | 157 | 160 | 152 | 149 | 166 | 169 | 163 | 181 | 202 | 202 | 200 | 214 |
| Expenses | 122 | 132 | 135 | 121 | 121 | 136 | 141 | 132 | 136 | 150 | 150 | 153 | 164 |
| Operating Profit | 30 | 25 | 25 | 31 | 28 | 30 | 29 | 31 | 45 | 53 | 52 | 46 | 50 |
| OPM % | 20% | 16% | 16% | 21% | 18% | 18% | 17% | 19% | 25% | 26% | 26% | 23% | 23% |
| Other Income | 1 | 7 | 71 | 4 | 3 | 1 | 40 | 5 | 3 | 5 | 17 | 6 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| PBT | 29 | 31 | 95 | 33 | 29 | 29 | 68 | 35 | 47 | 56 | 68 | 50 | 53 |
| Tax % | 24% | 26% | 8% | 25% | 25% | 25% | 12% | 25% | 25% | 25% | 21% | 25% | 25% |
| Net Profit | 22 | 23 | 87 | 25 | 22 | 22 | 60 | 26 | 35 | 42 | 54 | 38 | 39 |
| EPS (₹) | 9.81 | 9.91 | 38 | 10.92 | 9.48 | 9.62 | 26.46 | 11.32 | 15.27 | 18.39 | 23.67 | 16.52 | 17.2 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 307 | 360 | 375 | 426 | 464 | 469 | 340 | 458 | 594 | 615 | 637 | 748 | 818 |
| Expenses | 269 | 264 | 306 | 318 | 347 | 380 | 265 | 363 | 477 | 508 | 519 | 567 | 616 |
| Operating Profit | 38 | 96 | 69 | 108 | 117 | 89 | 75 | 96 | 117 | 107 | 118 | 181 | 201 |
| OPM % | 13% | 27% | 18% | 25% | 25% | 19% | 22% | 21% | 20% | 17% | 18% | 24% | 25% |
| Other Income | 2 | 10 | 4 | 10 | 14 | 9 | 30 | 29 | 20 | 80 | 48 | 30 | 32 |
| Interest | 7 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 6 | 5 | 6 | 6 | 7 | 7 | 5 | 6 | 6 | 6 | 5 | 5 | 6 |
| PBT | 28 | 88 | 67 | 111 | 123 | 91 | 100 | 118 | 132 | 181 | 160 | 205 | 227 |
| Tax % | 35% | 34% | 35% | 34% | 33% | 25% | 20% | 21% | 24% | 16% | 19% | 24% | — |
| Net Profit | 19 | 58 | 44 | 73 | 82 | 68 | 80 | 93 | 100 | 152 | 129 | 157 | 173 |
| EPS (₹) | 8.14 | 25.46 | 19.06 | 31.83 | 36.1 | 29.76 | 35.13 | 40.95 | 43.8 | 66.46 | 56.48 | 68.64 | 75.78 |
| Div. Payout % | 16% | 5% | 10% | 6% | 7% | 8% | 9% | 10% | 11% | 8% | 13% | 13% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 15 | 15 | 18 | 18 | 18 | 18 | 18 | 18 | 23 | 23 | 23 |
| Reserves | 114 | 169 | 210 | 277 | 349 | 412 | 487 | 573 | 663 | 804 | 916 | 1,055 | 1,114 |
| Borrowings | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 48 | 50 | 55 | 60 | 57 | 53 | 68 | 77 | 87 | 95 | 159 | 147 | 147 |
| Total Liabilities | 206 | 231 | 279 | 351 | 424 | 484 | 573 | 668 | 769 | 917 | 1,098 | 1,225 | 1,284 |
| Fixed Assets | 86 | 79 | 96 | 111 | 139 | 159 | 138 | 137 | 185 | 240 | 291 | 257 | 257 |
| CWIP | 1 | 2 | 76 | 64 | 48 | 26 | 20 | 20 | 8 | 6 | 0 | 47 | 48 |
| Investments | 77 | 88 | 46 | 108 | 163 | 226 | 287 | 379 | 446 | 526 | 590 | 570 | 660 |
| Other Assets | 42 | 62 | 61 | 69 | 74 | 73 | 128 | 133 | 131 | 146 | 217 | 351 | 319 |
| Total Assets | 206 | 231 | 279 | 351 | 424 | 484 | 573 | 668 | 769 | 917 | 1,098 | 1,225 | 1,284 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 20 | 60 | 53 | 63 | 61 | 79 | 1 | 97 | 96 | 59 | 162 | -96 |
| Investing | -13 | -4 | -50 | -61 | -57 | -72 | 10 | -95 | -87 | -48 | -149 | 114 |
| Financing | -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 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 2 | 0 | 1 | 2 | 1 |
| Inventory Days | 50 | 38 | 26 | 27 | 40 | 38 | 73 | 63 | 55 | 40 | 46 | 44 |
| Days Payable | 11 | 11 | 11 | 12 | 10 | 21 | 8 | 6 | 13 | 29 | 27 | 14 |
| Cash Conversion Cycle | 40 | 28 | 14 | 16 | 31 | 18 | 66 | 60 | 42 | 12 | 21 | 31 |
| Working Capital Days | -30 | -19 | -26 | -17 | -8 | -7 | 25 | 17 | -1 | 9 | -41 | 19 |
| ROCE % | 22% | 55% | 33% | 42% | 37% | 23% | 20% | 20% | 20% | 24% | 18% | 18% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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60 extracted metrics + investor summaries across FY12–FY27.
Documents
Frequently Asked Questions about GM Breweries
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Company Information
G M Breweries Ltd, set up in 1981 manufactures and markets Alcoholic Beverages such as Country Liquor (CL) and Indian-made Foreign Liquor (IMFL). [1]
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