GM Breweries Limited

Fast Moving Consumer Goods · Beverages

NSE: GMBREW BSE: 507488

₹966.95

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Beverages

The largest companies in the same industry by market cap. This company ranks #9 of 32. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Varun Beverages Limited	146,115	49.5	13.2%	-2.5%	—	87	3	68
United Spirits Limited	98,483	50.2	20.5%	0.5%	1.26%	80	24	28
Radico Khaitan Limited	58,474	84.1	16.8%	49.8%	0.21%	73	31	31
United Breweries Limited	30,621	77.3	9.1%	-35.6%	0.86%	55	0	10
Allied Blenders and Distillers Limited	20,108	73.0	13.1%	35.6%	0.75%	49	0	91
Tilaknagar Industries Limited	13,380	67.7	0.7%	19.5%	—	35	30	49
Piccadily Agro Industries Limited	5,839	40.5	12.9%	-12.3%	0.17%	64	26	63
Globus Spirits Limited	2,287	21.9	6.4%	-26.1%	0.83%	42	65	9
GM Breweries Limited (this stock)	2,209	13.1	14.5%	32.9%	0.93%	69	89	71

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹2,208 Cr

EV / EBITDA

9.7x

EV / Sales

0.70x

Market cap / Sales

0.70x

Earnings yield

7.64%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 808 Cr, up 25.7% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 38 Cr, up 45.9% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	803	50	38	₹16.5200
March 31, 2026	812	68	54	₹23.6600
Dec. 31, 2025	809	56	42	₹18.3900
Sept. 30, 2025	718	47	35	₹15.2700
June 30, 2025	638	35	26	₹11.3200
March 31, 2025	663	68	60	₹26.4700
Dec. 31, 2024	644	29	22	₹9.6100
Sept. 30, 2024	596	29	22	₹9.4800
June 30, 2024	601	33	25	₹10.9200
March 31, 2024	623	95	87	₹47.4000
Dec. 31, 2023	618	31	23	₹12.3700
Sept. 30, 2023	594	29	22	₹12.2300
June 30, 2023	579	27	20	₹10.9000

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	808	829	813	721	643	704	645	599	604	694	625	596	580
Operating revenue	803	812	809	718	638	663	644	596	601	623	618	594	579
Other income	6	17	5	3	5	40	1	3	4	71	7	1	1
Operating expenses	756	760	756	673	607	634	614	568	569	598	593	565	552
Operating profit	46	52	53	45	31	29	30	28	31	25	25	30	27
Operating profit margin	5.8%	6.5%	6.5%	6.2%	4.8%	4.3%	4.6%	4.6%	5.2%	4.0%	4.1%	5.0%	4.7%
Depreciation	2	2	1	1	1	1	2	2	2	2	2	2	2
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	50	68	56	47	35	68	29	29	33	95	31	29	27
Tax	13	14	14	12	9	8	7	7	8	8	8	7	7
Net profit	38	54	42	35	26	60	22	22	25	87	23	22	20
EPS	16.52	23.66	18.39	15.27	11.32	26.47	9.61	9.48	10.92	47.40	12.37	12.23	10.90
Net profit (TTM)	169	157	163	143	130	129	155	156	157	152	100	103	104
EPS (TTM)	73.84	68.64	71.45	62.67	56.88	56.48	77.41	80.17	82.92	82.90	54.69	56.50	56.68

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	2,977	205	157
March 31, 2025	2,504	160	129
March 31, 2024	2,415	181	152
March 31, 2023	2,326	132	100

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	8.6%	18.9%	3,007^†	2,552^†	2,496^†	2,346^†	1,807^†	1,263^†	1,691^†	1,718^†	1,343^†	379^†
Operating revenue	8.6%	19.3%	2,977	2,504	2,415	2,326	1,778^†	1,233^†	1,681^†	1,705^†	1,334^†	375^†
Other income	—	—	30^†	48^†	80^†	20^†	28^†	30^†	9^†	14^†	10^†	4^†
Operating expenses	—	—	2,796^†	2,386^†	2,308^†	—	—	—	1,593^†	1,588^†	—	306^†
Operating profit	—	—	181^†	118^†	107^†	—	—	—	89^†	117^†	—	69^†
Operating profit margin	—	—	6.1%^†	4.7%^†	4.4%^†	—	—	—	5.3%^†	6.9%^†	—	18.5%^†
Depreciation	—	—	5^†	5^†	6^†	6^†	6^†	5^†	7^†	7^†	—	6^†
Interest	—	—	0^†	1^†	0^†	—	—	—	0^†	0^†	—	0^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	16.0%	15.5%	205	160	181	132	118^†	100^†	91^†	123^†	111^†	67^†
Tax	—	—	49^†	31^†	30^†	32^†	25^†	20^†	23^†	41^†	38^†	23^†
Net profit	16.2%	14.4%	157	129	152	100	93^†	80^†	68^†	83^†	73^†	44^†
EPS	7.9%	9.4%	68.64^†	56.48^†	82.90^†	54.62^†	51.07^†	43.81^†	37.12^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	6.1%^†	4.7%^†	4.4%^†	—	—	—	5.3%^†	6.9%^†	—	18.5%^†
EBIT margin	6.9%^†	6.4%^†	7.5%^†	—	—	—	5.4%^†	7.2%^†	—	18.0%^†
PBT margin	6.9%	6.4%	7.5%	5.7%	6.6%^†	8.1%^†	5.4%^†	7.2%^†	8.3%^†	17.9%^†
Net margin	5.3%	5.2%	6.3%	4.3%	5.3%^†	6.5%^†	4.0%^†	4.8%^†	5.5%^†	11.7%^†
Interest coverage	643.00x^†	276.79x^†	490.76x^†	—	—	—	1816.80x^†	1761.29x^†	—	293.78x^†
Dividend payout	10.9%^†	12.4%^†	7.2%^†	9.2%^†	7.8%^†	6.8%^†	8.1%^†	—	—	—
Earnings retention	89.1%^†	87.6%^†	92.8%^†	90.8%^†	92.2%^†	93.2%^†	91.9%^†	—	—	—
Current ratio	1.35x	1.14x	—	—	—	—	—	—	—	—
Quick ratio	1.12x	0.94x	—	—	—	—	—	—	—	—
Debt to equity	0.00x	0.00x	—	—	—	—	—	—	—	—
Return on equity	14.5%	13.7%	—	—	—	—	—	—	—	—
Return on assets	12.8%	11.8%	—	—	—	—	—	—	—	—
Return on capital employed	19.1%^†	17.1%^†	—	—	—	—	—	—	—	—
Asset turnover	2.43x	2.28x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	-96	114	-17	-96
March 31, 2025	162	-149	-13	162
March 31, 2024	59	-48	-11	59
March 31, 2023	96	-90	-6	96
March 31, 2022	97	-95	-7	97

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	1,225	1,078	1,055	0	0	197	146	2	42	34
March 31, 2025	1,098	939	916	0	0	180	157	1	50	33
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.