GMBREW

GM Breweries share price & financials

Price
₹899.6
Market cap
₹2.1k Cr
Sector
Fast Moving Consumer Goods

What GM Breweries Limited does

G M Breweries manufactures country liquor sold under Maharashtra's state excise regime, produced at a single factory at Virar (East), Palghar district, with its registered/corporate office in Prabhadevi, Mumbai. Because the product is an excisable liquor, a large share of gross billings is remitted to the state as excise duty, VAT and other levies before revenue is recognised, a structural feature of India's regulated country-liquor trade rather than a discretionary cost. The FY24-25 annual report discloses no second manufacturing site, no separate reporting segment, and no distinct product brand, consistent with a concentrated, single-plant, single-state operating model.

Manufacturing facility
Single unit at Virar (East), Palghar district, Maharashtra
Permanent employees on rolls
223
Geographic footprint
Single-state operations concentrated in Maharashtra
Installed solar power capacity at plant
825 kWh
Founded 1981Headquarters Prabhadevi, Mumbai, MaharashtraEmployees 223 (2025-03-31) Company website

Quarterly results

Q1 FY27: revenue up 22.7%, net profit up 46.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue149 166 169 163 181 +21%202 +22%202 +20%200 +23%
EBITDA28 30 29 31 45 +61%53 +77%52 +79%46 +48%
Net profit22 22 60 26 35 +59%42 +91%54 −10%38 +46%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +30.7% 1Y

₹0.8k₹1.0k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹697 on 10 Sept 2025 → ₹910.9. High ₹1,264.2 (24 Oct 2025), low ₹692.7 (11 Sept 2025).

Financials, as filed

Revenue grew 8.0% a year over 3 years, FY23 to FY26. Operating margin widened to 24.2%.

Year endingFY23FY24FY25FY26
Revenue₹594 Cr₹616 Cr₹636 Cr₹748 Cr
Operating profit₹117 Cr₹107 Cr₹118 Cr₹181 Cr
Operating margin19.7%17.4%18.6%24.2%
Interest₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹7 Cr₹8 Cr₹7 Cr₹5 Cr
Net profit₹100 Cr₹152 Cr₹129 Cr₹157 Cr
Net margin16.8%24.7%20.3%21.0%
Cash from operations₹96 Cr₹59 Cr₹162 Cr₹-96 Cr
Free cash flow₹59 Cr₹7 Cr₹116 Cr₹-114 Cr
ROCE———18.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹18 Cr₹18 Cr₹18 Cr₹18 Cr₹23 Cr₹23 Cr
Reserves₹487 Cr₹573 Cr₹663 Cr₹804 Cr₹961 Cr₹1.1k Cr
Borrowings₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other liabilities₹68 Cr₹77 Cr₹87 Cr₹95 Cr₹117 Cr₹147 Cr
Total liabilities₹573 Cr₹668 Cr₹769 Cr₹917 Cr₹1.1k Cr₹1.2k Cr
Fixed assets₹138 Cr₹137 Cr₹185 Cr₹240 Cr₹297 Cr₹257 Cr
Capital work in progress₹20 Cr₹20 Cr₹8 Cr₹6 Cr₹0 Cr₹47 Cr
Investments₹287 Cr₹379 Cr₹446 Cr₹526 Cr₹602 Cr₹570 Cr
Other assets₹128 Cr₹133 Cr₹131 Cr₹146 Cr₹202 Cr₹351 Cr
Total assets₹573 Cr₹668 Cr₹769 Cr₹917 Cr₹1.1k Cr₹1.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +0.17 pp while the public trimmed −0.15 pp.

Promoters
74.4%
FIIs
0.6%
Public
25.0%

Since Jun 2025

  • FIIs +0.17 pp
  • Public −0.15 pp
  • DIIs −0.01 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.4%, FIIs 0.3%, Public 25.2%.Dec '23: Promoters 74.4%, FIIs 0.3%, Public 25.3%.Mar '24: Promoters 74.4%, FIIs 0.4%, Public 25.2%.Jun '24: Promoters 74.4%, FIIs 0.6%, Public 24.9%.Sep '24: Promoters 74.4%, FIIs 0.3%, Public 25.2%.Dec '24: Promoters 74.4%, FIIs 0.4%, Public 25.2%.Mar '25: Promoters 74.4%, FIIs 0.3%, Public 25.3%.Jun '25: Promoters 74.4%, FIIs 0.4%, DIIs 0.0%, Public 25.1%.Sep '25: Promoters 74.4%, FIIs 0.4%, DIIs 0.0%, Public 25.2%.Dec '25: Promoters 74.4%, FIIs 1.2%, DIIs 0.1%, Public 24.2%.Mar '26: Promoters 74.4%, FIIs 1.2%, DIIs 0.0%, Public 24.4%.Jun '26: Promoters 74.4%, FIIs 0.6%, Public 25.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of GM Breweries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Jimmy William Almeida Kashyap 61.76%unchanged
Almedia Holdings Pvt Ltd. 10.68%unchanged
Jyoti Jimmy Almeida Kashyap 1.99%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹911, this stock must grow earnings at 6% every year for 7 years. Our analysis caps realistic growth at ~17%. At that growth it is worth ₹1693 — upside of 86%.

Growth the price implies
5.7% a year
for 7 years, fading to 4%
It has actually compounded at
17.4% a year
net profit, FY23–FY26 · EPS 17.3%
The gap
-0.1 pp
86% downside if it only repeats history
Price today ₹910.9 Value at the reference growth ₹1,692.62

Change the assumptions yourself →

Learn to analyse GM Breweries Limited

Guides on how to read this kind of business and the numbers that matter.