On 6 Nov 2026, Globus Spirits was priced at ₹693.25, or 22.0× trailing earnings, against an industry P/E of 31.3×, and the shares are 45% below their 52-week high. Sales grew 8.7% a year over 3 years while net profit fell 9.1%, with ROCE of 12% and ROE of 7.9%. Debt is 0.28× equity, and its dividend yield is 0.9%. It is a small-cap company with a market cap of ₹2,181 Cr, ranked 7th of 19 Beverages (Wineries & Distilleries) companies by market cap; the shares fell 38% over the past year.
- ₹701.00
- ₹718.55
- ₹685.50
- ₹699.75
- 1.8 L
Health check
- ReturnsBehind
−38.4% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 22.0 vs industry 31.3.
- GrowthSlow
Sales +8.7%, profit −9.1% a year over 3 years.
- ProfitabilityWeak
ROCE 12.4% vs peer median 24.0%.
- Balance sheetFair
Debt 0.28× equity, interest covered 3.1×, Piotroski 7 of 9.
- Red flags4 to check
Return on equity is low at 7.9%.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,181 Cr
- Small cap
- P/E
- 22.0
- Industry 31.3
- Price to book
- 1.62
- Peers 8.68
- Dividend yield
- 0.94%
- ROE
- 7.9%
- Peers 16.9%
- ROCE
- 12.4%
- Peers 24.0%
- Debt to equity
- 0.28
- Debt ₹367 Cr
- EPS (TTM)
- ₹31.50
- Face value ₹10
- OPM (TTM)
- 9.6%
- Net margin 3.2%
- Sales growth
- +15.3%
- Latest quarter vs a year ago
- Profit growth
- −35.4%
- Latest quarter vs a year ago
- Price to sales
- 0.75
- EV/EBITDA 8.5
Strengths and risks
Strengths
- Quarterly sales up 15.3% on a year ago.
- P/E of 22.0 against an industry P/E of 31.3.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 7.9%.
- Quarterly profit down 35.4% on a year ago.
- 45% below its 52-week high.
- Promoter stake down from 50.8% to 46.7%.
About Globus Spirits
Globus Spirits Limited manufactures and sells bulk alcohol and alcoholic products in India and internationally. It operates through two segments: Manufacturing and Consumer. The company offers Indian-made Indian liquor and Indian-made foreign liquor products; and produces and sells ethanol, extra neutral alcohol, rectified spirit, and premium spirits. It also provides distillery products, including grain-neutral alcohol, bioethanol, special denatured…
- Headquarters
- New Delhi
- Sector
- Consumer Defensive
- ISIN
- INE615I01010
- Website
- globusspirits.com
Price range
- Avg volume (3M)
- 99.6K
- 1-year return
- minus 38.4%
- From 52-week high
- minus 44.7%
Peers · Beverages - Wineries & Distilleries
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITDSPRUnited Spirits | 1,418.00 | plus 1.69% | 1,00,686 | 59.8 | 11.11 | 25.5% | 19.2% | 17.8% | 5.6% | 17.4% | 1.20% | minus 3.9% |
| RADICORadico Khaitan | 4,515.20 | minus 0.22% | 60,499 | 75.9 | 16.49 | 24.0% | 24.0% | 19.4% | 24.6% | 40.0% | 0.20% | plus 41.4% |
| ABDLAllied Blenders and Distillers | 708.00 | plus 1.28% | 19,803 | 86.8 | 12.05 | 24.6% | 13.3% | 13.5% | 7.4% | 422.4% | 0.76% | plus 4.0% |
| TITilaknagar Industries | 485.50 | minus 0.32% | 12,035 | – | 3.98 | – | −2.7% | 15.7% | – | – | 0.21% | minus 3.4% |
| PICCADILPiccadily Agro Industries | 582.30 | minus 1.20% | 5,740 | 40.6 | 6.25 | 20.0% | 17.4% | 13.4% | 19.5% | 83.3% | 0.17% | minus 14.5% |
| IGLSPIRITSIGL Spirits | 852.28 | minus 4.25% | 5,713 | 95.9 | – | – | – | 0.0% | – | – | 0.00% | minus 7.5% |
| GLOBUSSPRGlobus Spirits | 693.25 | minus 0.93% | 2,181 | 22.0 | 1.62 | 12.4% | 7.9% | 10.0% | 8.7% | −9.1% | 0.94% | minus 38.4% |
| GMBREWGM Breweries | 837.50 | minus 0.18% | 1,913 | 11.1 | 1.68 | 19.1% | 16.3% | 24.6% | 8.0% | 16.2% | 1.07% | minus 32.9% |
| Median of 7 peers | – | −0.22% | 12,035 | 67.9 | 8.68 | 24.0% | 16.9% | 15.7% | 8.0% | 40.0% | 0.21% | −3.9% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 661 | 717 | 632 | 789 | 762 | |
| 602 | 642 | 566 | 711 | 702 | |
| 59.4 | 75 | 66.6 | 77.5 | 60.2 | |
| 9.0% | 10.5% | 10.5% | 9.8% | 7.9% | |
| 1.5 | 2.7 | 4.9 | 1.7 | 2.6 | |
| 13.7 | 13.5 | 16.5 | 15.7 | 16.6 | |
| 22.2 | 22.4 | 25.5 | 26.4 | 27 | |
| 25 | 41.9 | 29.6 | 37.2 | 19.3 | |
| 12.8% | 26.0% | 28.6% | 26.5% | 27.2% | |
| 22 | 30.7 | 21.3 | 26.6 | 14.2 | |
| 7.55 | 10.51 | 7.36 | 91.13 | 4.63 |
Profit & loss
- Sales CAGR 3Y
- +8.7%
- Profit CAGR 3Y
- −9.1%
- EPS CAGR 3Y
- −9.3%
- ROE
- 7.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,108 | 2,413 | 2,537 | 2,710 | |
| – | +14.5% | +5.1% | +6.8% | |
| 1,860 | 2,241 | 2,382 | 2,448 | |
| 247 | 172 | 155 | 262 | |
| 11.7% | 7.1% | 6.1% | 9.7% | |
| 4.5 | 7.6 | 4.2 | 5.5 | |
| 15.4 | 23.6 | 42.1 | 56.9 | |
| 56.3 | 65.6 | 81.6 | 91.7 | |
| −0.2 | – | −2 | 0.5 | |
| 180 | 90.7 | 33.2 | 119 | |
| 32.1% | −5.9% | 34.0% | 23.5% | |
| 122 | 96.5 | 23.3 | 91.8 | |
| – | minus 21.0% | minus 75.8% | +293.4% | |
| 42.40 | 33.42 | 8.05 | 31.65 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 28.8 | 28.8 | 28.9 | 29.1 | |
| 858 | 943 | 964 | 1,062 | |
| 291 | 329 | 540 | 527 | |
| 412 | 465 | 574 | 630 | |
| 1,590 | 1,766 | 2,107 | 2,249 | |
| 961 | 1,061 | 1,184 | 1,298 | |
| 136 | 105 | 169 | 51.3 | |
| 55.4 | 3.9 | 3.8 | 8.4 | |
| 35.1 | 79.4 | 83.4 | 66.4 | |
| 403 | 516 | 666 | 825 | |
| 1,590 | 1,766 | 2,107 | 2,249 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 102 | 168 | 67.1 | 268 | |
| −197 | −163 | −208 | −185 | |
| 71 | −6 | 155 | −87.6 | |
| −23.7 | −1.1 | 14.3 | −4.8 | |
| −206 | −175 | −208 | −191 | |
| −104 | −7.3 | −141 | 76.4 | |
| −8.6 | −17.3 | −10.1 | −8 |
Shareholding pattern
- Promoters46.74%
- Public53.26%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 46.74% | 53.26% | 0.00 | |
| 6 Aug 2026 | 46.74% | 53.26% | minus 3.82 | |
| 30 Jun 2026 | 50.56% | 49.44% | minus 0.02 | |
| 31 Mar 2026 | 50.58% | 49.42% | minus 0.17 | |
| 31 Dec 2025 | 50.75% | 49.25% | – |
Major shareholders
Filings & events
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