Header cover image

Market Cap


Last Updated

2021/04/10 12:16 UTC

Data Sources

Company Financials

Executive Summary

G.M. Breweries Limited engages in manufacturing and marketing of alcoholic liquor in India. More Details


PE ratio (9.8x) is below the Indian market (18.7x)

Earnings grew by 18% over the past year

Pays a reliable dividend of 0.94%

Risk Analysis

No risks detected for GMBREW from our risk checks.

Snowflake Analysis

Flawless balance sheet with proven track record and pays a dividend.

Share Price & News

How has G.M. Breweries's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: GMBREW is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GMBREW's weekly volatility (4%) has been stable over the past year.

Market Performance

7 Day Return




IN Beverage


IN Market

1 Year Return




IN Beverage


IN Market

Return vs Industry: GMBREW underperformed the Indian Beverage industry which returned 25.1% over the past year.

Return vs Market: GMBREW underperformed the Indian Market which returned 72.1% over the past year.

Shareholder returns

7 Day-1.8%-3.9%1.0%
30 Day0.4%-3.0%0.1%
90 Day-4.3%-7.2%6.7%
1 Year18.5%17.6%25.3%25.1%74.8%72.1%
3 Year-47.2%-48.0%10.1%9.7%28.1%21.7%
5 Year-15.4%-17.6%34.5%33.9%87.1%72.8%

Long-Term Price Volatility Vs. Market

How volatile is G.M. Breweries's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is G.M. Breweries undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: GMBREW (₹427.8) is trading above our estimate of fair value (₹59.1)

Significantly Below Fair Value: GMBREW is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: GMBREW is good value based on its PE Ratio (9.8x) compared to the IN Beverage industry average (31.3x).

PE vs Market: GMBREW is good value based on its PE Ratio (9.8x) compared to the Indian market (18.7x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GMBREW's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: GMBREW is good value based on its PB Ratio (1.5x) compared to the IN Beverage industry average (1.7x).

Future Growth

How is G.M. Breweries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as G.M. Breweries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has G.M. Breweries performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GMBREW has high quality earnings.

Growing Profit Margin: GMBREW's current net profit margins (6.5%) are lower than last year (7%).

Past Earnings Growth Analysis

Earnings Trend: GMBREW's earnings have grown by 5.1% per year over the past 5 years.

Accelerating Growth: GMBREW's earnings growth over the past year (18%) exceeds its 5-year average (5.1% per year).

Earnings vs Industry: GMBREW earnings growth over the past year (18%) exceeded the Beverage industry -15.2%.

Return on Equity

High ROE: GMBREW's Return on Equity (15.9%) is considered low.

Financial Health

How is G.M. Breweries's financial position?

Financial Position Analysis

Short Term Liabilities: GMBREW's short term assets (₹942.5M) exceed its short term liabilities (₹643.8M).

Long Term Liabilities: GMBREW's short term assets (₹942.5M) exceed its long term liabilities (₹35.7M).

Debt to Equity History and Analysis

Debt Level: GMBREW is debt free.

Reducing Debt: GMBREW had no debt 5 years ago.

Debt Coverage: GMBREW has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GMBREW has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet


What is G.M. Breweries's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GMBREW's dividend (0.94%) is higher than the bottom 25% of dividend payers in the Indian market (0.42%).

High Dividend: GMBREW's dividend (0.94%) is low compared to the top 25% of dividend payers in the Indian market (1.83%).

Stability and Growth of Payments

Stable Dividend: GMBREW's dividends per share have been stable in the past 10 years.

Growing Dividend: GMBREW's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.1%), GMBREW's dividend payments are thoroughly covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Jimmy Almeida

no data




Mr. Jimmy William Almeida serves as a Managing Director of G.M. Breweries Limited and has been its Chairman since April 2010. Mr. Almeida served as Vice Chairman of G.M. Breweries Limited until April 2010...

CEO Compensation Analysis

Compensation vs Market: Jimmy's total compensation ($USD241.30K) is above average for companies of similar size in the Indian market ($USD41.25K).

Compensation vs Earnings: Jimmy's compensation has been consistent with company performance over the past year.

Board Members

Experienced Board: GMBREW's board of directors are considered experienced (7.2 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

G.M. Breweries Limited's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: G.M. Breweries Limited
  • Ticker: GMBREW
  • Exchange: NSEI
  • Founded: 1981
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ₹7.819b
  • Shares outstanding: 18.28m
  • Website:

Number of Employees


  • G.M. Breweries Limited
  • Ganesh Niwas
  • S. Veer Savarkar Marg
  • Mumbai
  • Maharashtra
  • 400025
  • India



G.M. Breweries Limited engages in manufacturing and marketing of alcoholic liquor in India. Its alcoholic beverages include Indian made foreign liquor and country liquor. The company offers its products un...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 12:16
End of Day Share Price2021/04/09 00:00
Annual Earnings2021/03/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.