Annual reportMay 2026
May 2026 · Annual Report For The Year 2025-2026 24 Apr - 43rd AGM on May 28, 2026; board recommended 90% dividend and appointed Kiran Parashare WTD.
Source: Bse
GM Breweries Limited (GMBREW)
Small CapConsumer stocks · Small cap · NSE
GM Breweries Limited operates in Alcoholic Beverages, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityVerify one data layerQuote updated 21 Oct, 03:31 pm ISTPost-result recalculation pendingDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result08 Oct, 12:36 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
36BearishSMA20 +1.5% / mo · MACD − · near 52W low · sector -4.6pp vs Nifty 500 (3M)
Stock trend: 39
Sector RS: 31
Sector 3M: -10.2% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
GMBREWD candles · FIT view-13.6%Latest close ₹841.65 on 2026-10-21
Bar
-1.9%
RSI
30
MACD hist
-11.43
52W pos
1%
2026-10-21O ₹857.95H ₹860.00L ₹834.50C ₹841.65Vol 33,497 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
GMBREWNifty Consumer DurablesNifty 500
- GMBREW
- -7.6%
- Nifty 500
- -6.5%
- Nifty Consumer Durables
- -11.0%
- Vs Nifty 500
- -1.1 pp
Chart stats
21 Oct 2026- From 52W high
- -36.7%
- 52W range position
- 1%
- ATR (14)
- 3.3%
- Volume vs 20D
- 0.29x
- Avg traded value
- ₹10.5 Cr
- 20D price channel
- ₹834.5 - ₹1,010
₹1,328.8
₹834.5 - ₹1,328.8
₹27.7
Latest completed session
20-session average
41.9% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE50
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Bearish36
Price trend and sector-relative-strength timing.
Valuation
Legacy model+69.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence68
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 08 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹860.6 Cr | NDF | +330.3% |
| EBITDA | ₹49.9 Cr | NDF | +8.5% |
| Operating margin | 5.8% | NDF | -1720 bps |
| PAT | ₹39.3 Cr | NDF | +3.4% |
| PAT margin | 4.6% | NDF | -1443 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 15.70
- P/B
- 2.01
- EV/EBITDA
- 11.65
- Market Cap
- 2166.00Cr
Profitability
- ROE
- 12.50%
- ROCE
- 18.00%
- ROA
- 12.82%
- Dividend Y
- 0.95%
Growth (CAGR)
- Revenue 5Y
- 11.00%
- EPS 5Y
- 11.00%
- Revenue 3Y
- 15.00%
- EPS 3Y
- 15.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- —
- Altman Z
- 8.62
- Book Value
- 472.00
Cash Flow
- FCF Yield
- 0.83%
- FCF Positive Y
- 2/5
- OCF
- -96.00 Cr
- EPS TTM
- 68.64
Shareholding
- Promoter Hold
- 74.43%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 36%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 861+330.3% vs prev
Net Profit
₹ CrLatest: 39.3+3.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 30. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~1.5% over last month) — short-term momentum positive.
- RSI(14) at 30 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
30
RS percentile
Stage 4 Downtrend
1M return
-11.1%
3M return
-7.6%
6M return
-13.0%
1Y return
-33.1%
RS 1D
-1
RS 20D
-38
Sector rank
#8
Industry rank
#77
Stage evidence
- Price is 9.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.0%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 124.22-0.78%
RS vs Nifty 500124
Valuation & peers
U-Score 50 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 50 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
FAIR_VALUE
Fundamental score breakdown
U band · FAIR VALUEValuation18/30
Growth12/25
Quality5/20
Balance Sheet9/15
Cash Flow3/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
50
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
50/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 69.3%.
- Valuation contributes 18/30 to the score.
- Balance sheet contributes 9/15 to the score.
Main drags
- Quality is weaker at 5/20; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
- Growth is weaker at 12/25; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
15.7
PB
2.0
EV/EBITDA
11.7
ROE
12.5%
ROCE
18.0%
FCF Yield
0.8%
Debt/Equity
0.0
MoS
+69.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
50
Previous: 49 (+1)
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+69.3%
Previous: +68.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
49
49
49
49
49
49
49
49
49
49
49
49
Factor attribution
Valuation
18+1
was 17
Modelled fair value
Graham Number
₹853.79
+1.4% MoS
Growth-justified P/E
40.0
Growth-justified Value
₹2,742.85
+69.3% MoS
PEG
1.25
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GLOBUSSPR
Small
Globus Spirits Limited
Beverages
match 91
26
24.7
8.8%
-446%
OVERVALUED
GRANDOAK
Small
Grand Oak Canyons Distillery Limited
Beverages
match 90
16
380.0
0.0%
-1001%
OVERVALUED
ASALCBR
Small
Associated Alcohols & Breweries Ltd.
Beverages
match 89
45
14.4
14.6%
-26%
WATCHLIST
SDBL
Small
Som Distilleries & Breweries Limited
Beverages
match 85
25
—
2.3%
—
OVERVALUED
RKDL
Small
Ravi Kumar Distilleries Limited
Beverages
match 78
19
33.1
2.9%
-492%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
GM Breweries Limited operates in Alcoholic Beverages, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Sept 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
68Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 56th percentile of the scored universe and 60th percentile within Consumer. Main check: results consistency is weak at 48/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
56th percentile
overall median 67 · Consumer: 60th pctile, median 66 · Small: 60th pctile, median 66
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
50
watch · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
48
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 74.4%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.9%.
- ▸Debt/equity is 0.00.
Trust risks
- ▸Operating cash flow is negative at ₹-96 Cr.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching GM Breweries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Reg. 34 (1) Annual Report. 27 Apr
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
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Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.