Smallcap liquor company, GM Breweries' share price witnessed selling pressure on July 10th after the company witnessed a decline of a whopping 71% in Q1 net profit compared to the previous quarter. GM Breweries announced its Q1 results after delivering a bonus issue of a 1:4 ratio and a dividend of 70% to shareholders in less than 7 months of 2024.
GM Breweries Share Price:
On BSE, GM share price dipped by 3.14% to end at Rs 861.85 apiece with a market cap of Rs 1,969.06 crore. The stock fell by nearly 6% on July 10.
The stock's 52-week high and low are at Rs 950 apiece and Rs 440 apiece respectively.
YTD, the stock jumped by 49.42% on BSE.
GM Breweries Q1 Results:
In Q1FY25, the company reported revenue of Rs 600.59 crore, compared to Rs 623.24 crore in Q4FY24 and Rs 579.39 crore in Q1FY24.
While PAT came in at Rs 24.94 crore in Q1FY25, as against Rs 86.64 crore in Q4FY24 and Rs 19.91 crore in Q1FY23.
GM Breweries Dividend:
GM Breweries stock turned ex-dividend on May 8, 2024, for its final dividend of Rs 7 per share or 70% having a face value of Rs 10 each. This is also the only dividend payout for FY24.
In the previous fiscal, the company paid a dividend of 60% amounting to Rs 6 per share. Before that the payout was 50% amounting to Rs 5 per share in 2022.
GM Breweries Bonus Shares:
GM Breweries turned ex-bonus on May 24, 2024, for its bonus issue in the ratio of 1:4. Meaning, the company allotted 1 new fully paid bonus equity share of Rs.10/- each for every 4 existing fully paid equity shares of Rs 10/- each held as of Record Date.
G.M. Breweries Limited (GMBL) was set up in the year 1981 by Shri Jimmy William Almeida. GMBL is engaged in the activities of manufacturing and marketing of Alcoholic Beverages; such as Country Liquor (CL) and Indian-made Foreign Liquor (IMFL).
GM Breweries Stock Fundamentals:
As per Trendlyne data, the following are key fundamentals of GM Breweries stock analysis:
- Stock Price rose 83.6% and outperformed its sector by 46.54% in the past year.
- Debt to Equity Ratio is zero as the company is debt-free.
- Price to Earning Ratio is 12.58, lower than its sector PE ratio of 31.24.
- Return on Equity(ROE) for the last financial year was 18.42%, in the normal range of 10% to 20%.
- Interest Coverage Ratio is 505.03, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
- Mutual Fund Holding remained the same in the last quarter at 0%.
- Promoter Share Holding stayed the same in the most recent quarter at 74.43%.
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