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    GM Breweries Limited

    Mumbai-based country liquor manufacturer running a single excise-licensed plant in Virar, Maharashtra.

    Fast Moving Consumer Goods
    Fast Moving Consumer Goods
    ₹899.6
    -2.87% from avg

    Overview

    Price

    ₹899.6

    Market Cap

    ₹2.0k Cr

    Sector

    Fast Moving Consumer Goods

    Fast Moving Consumer Goods

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1818181818232323
    Reserves4124875736638049169611.1k
    Borrowings00000000
    Other Liabilities5368778795159117147
    Total Liabilities4845736687699171.1k1.1k1.2k
    AssetsFixed Assets159138137185240291297257
    CWIP262020860047
    Investments226287379446526590602570
    Other Assets73128133131146217202351
    Total Assets4845736687699171.1k1.1k1.2k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating61791979659162-96
    Cash from Investing-57-7210-95-87-48-149114
    Cash from Financing-5-7-6-7-9-11-13-17
    SummaryCapital Expenditure
    Free Cash Flow37812999597116-114
    FCF Margin

    Valuation

    Assumptions

    Current — GMBREW
    Price
    ₹900
    EPS (TTM)
    ₹68.15
    PE (TTM)
    13.2
    Profit growth
    17.4%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (15.2×) and current (13.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹900
    vs
    Fair value · 15% return
    ₹879
    2%Overvalued

    At 17.4% growth and a 13× exit, ₹900 only delivers your return if you pay ₹879. The price is currently baking in 18% growth.

    EPS grows 17.4%/yr for 5 years, then fades to 6% over 2, exits at 13×.

    YearGrowthEPS (₹)
    FY2717.4%80.01
    FY2817.4%93.93
    FY2917.4%110.27
    FY3017.4%129.46
    FY3117.4%151.99
    FY3211.7% ·fade169.77
    FY336.0% ·fade179.96

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse GM Breweries Limited

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