GM Breweries share price, P/E, ROE & financials

On 6 Nov 2026, GM Breweries was priced at ₹837.50, or 11.1× trailing earnings, against an industry P/E of 31.3×, and the shares are 37% below their 52-week high. It earns ROCE of 19% and ROE of 16%, and sales and net profit grew 8.0% and 16% a year over 3 years. It has almost no debt, and its dividend yield is 1.1%. It is a small-cap company with a market cap of ₹1,913 Cr, ranked 8th of 19 Beverages (Wineries & Distilleries) companies by market cap; the shares fell 33% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹839.05
Day high: ₹840.40
Day low: ₹823.50
Prev. close: ₹839.05
Volume: 21.7K

Health check

2 good · 1 fair · 3 to check

ReturnsBehind
−32.9% over a year, better than 1 of 7 peers.
Price tagCheaper
P/E 11.1 vs industry 31.3.
GrowthSlow
Sales +8.0%, profit +16.2% a year over 3 years.
ProfitabilityAverage
ROCE 19.1% vs peer median 24.0%.
Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
Red flags1 to check
37% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Beverages - Wineries & Distilleries

18 listed peers. Screen the industry

Small cap

₹1,913 Cr, #8 of 19 in its industry by size.

Defensive

Beta 0.38 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹2,043 Cr · profit ₹173 Cr

Market cap: ₹1,913 Cr; Small cap
P/E: 11.1; Industry 31.3
Price to book: 1.68; Peers 8.68
Dividend yield: 1.07%
ROE: 16.3%; Peers 15.4%
ROCE: 19.1%; Peers 24.0%
Debt to equity: 0.01; Debt ₹17 Cr
EPS (TTM): ₹75.77; Face value ₹10
OPM (TTM): 24.6%; Net margin 8.5%
Sales growth: +19.9%; Latest quarter vs a year ago
Profit growth: +12.6%; Latest quarter vs a year ago
Price to sales: 0.94; EV/EBITDA 9.6

Strengths

Practically debt-free.
Quarterly sales up 19.9% on a year ago.
P/E of 11.1 against an industry P/E of 31.3.

Risks to check

37% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About GM Breweries

G.M. Breweries Limited manufactures and sells alcoholic beverages in India. The company offers Indian made foreign liquor and country liquor. It offers its products under the G.M.SANTRA, G.M.DOCTOR, G.M.LIMBU PUNCH, and G.M.DILBAHAR SOUNF brand names. The company was incorporated in 1981 and is based in Mumbai, India.

Headquarters: Mumbai
Employees: 227
Sector: Consumer Defensive
ISIN: INE075D01018
Website: gmbreweries.com

Price range

52 weeks

₹775.00₹1,328.80

Today

₹823.50₹840.40

Avg volume (3M): 55.8K
1-year return: minus 32.9%
From 52-week high: minus 37.0%

Peers · Beverages - Wineries & Distilleries

Compare with peers Screen the whole industry

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	–	−0.32%	12,035	67.9	8.68	24.0%	15.4%	13.5%	8.7%	40.0%	0.21%	−3.9%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
163	202	202	200	214
132	150	150	153	164
30.9	52.6	52.4	46.5	49.9
19.0%	26.0%	25.9%	23.3%	23.4%
5.1	4.8	17.3	5.6	4.1
0.3	–	0	0.1	0
1.2	1.2	1.6	1.5	1.5
34.6	56.1	68.1	50.4	52.5
25.2%	25.2%	20.6%	25.2%	25.2%
25.9	42	54.1	37.7	39.3
11.32	18.39	23.66	16.52	17.20

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +8.0%
Profit CAGR 3Y: +16.2%
EPS CAGR 3Y: +16.2%
ROE: 16.3%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
593	615	636	747
–	+3.7%	+3.5%	+17.5%
476	507	518	566
117	107	118	181
19.7%	17.5%	18.5%	24.2%
14.9	17.8	19.5	21.1
–	0.4	0.6	0.3
5.8	6.1	5.2	5.2
5.5	62.5	28.6	9.2
132	181	160	205
24.1%	16.4%	19.3%	23.7%
99.9	152	129	157
–	+51.7%	minus 14.8%	+21.5%
43.69	66.32	56.48	68.64

EPS is shown as reported. The EPS CAGR above adjusts earlier years for the 5:4 on May 2024 split/bonus; dilution from new shares is not adjusted.

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
18.3	18.3	22.9	22.9
663	804	916	1,055
–	–	55.7	34.5
87.4	95.1	103	113
769	917	1,098	1,225
78	76.1	82	131
25.5	25.9	31.9	88.8
446	526	590	677
23.2	12.5	93.9	11.1
197	277	300	318
769	917	1,098	1,225

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
96	59.3	162	−95.6
−86.8	−48.5	−149	114
−9.2	−11.3	−13.4	−17.5
0.1	−0.6	−0.3	0.8
–	–	–	−45.5
96	59.3	162	−141
−9.1	−11	−12.8	−17.1

Shareholding pattern

Source: NSE filings

74.4%

promoters

Promoters74.43%
Public25.57%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	74.43%	25.57%	0.00
30 Jun 2026	74.43%	25.57%	0.00
31 Mar 2026	74.43%	25.57%	0.00
31 Dec 2025	74.43%	25.57%	0.00
30 Sep 2025	74.43%	25.57%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you