Liquor company, GM Breweries on Wednesday, May 8, 2024, turned ex-dividend for a dividend payout of a whopping 70%. On the ex-dividend day, the stock zoomed by 1.5% before ending marginally up. But GM Breweries' all-time gains are breathtaking by 5,160% on BSE.
GM Breweries Share Price:
GM's share price ended at Rs 767.40 apiece, marginally up on BSE with a market cap of Rs 825 apiece and Rs 548.65 apiece respectively.
YTD, GM is up by 6.44%, while in a year, the stock gained by 35%. In 5-years, the stock zoomed by 42%. However, its all-time gains are impressive by 5,159.77% on BSE. The stock was at Rs 14.59 apiece on BSE on July 14, 1995.
GM Breweries Dividend:
The stock turned ex-dividend 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.
Currently, it has a dividend yield of 0.91%.
GM Breweries Bonus Shares:
GM approve the issue of Bonus Shares in proportion of 1:4 i.e. One new fully paid bonus equity share of Rs.10/- each for every 4 existing fully paid equity shares of.L0/- each held as of Record Date. The bonus issue of equity shares will be subject to approval by members of the company. It plans to complete the bonus shares within two months from the date of the proposal of the Board i.e. by June 03, 2024.
GM Breweries Share Fundamentals:
As per Trendlyne data, the following are the fundamentals of GM Breweries for stock analysis:
- Annual Revenue rose 13.29%, in the last year to Rs 695.56 crore. Its sector's average revenue growth for the last fiscal year was 22.53%.
- Annual Net Profit rose 51.73% in the last year to Rs 151.52 crore. Its sector's average net profit growth for the last fiscal year was 25.82%.
- Stock Price rose 35.17% and underperformed its sector by 9.51% in the past year.
The debt to Equity Ratio is zero as the company is debt-free.
- Promoter Share Holding stayed the same in the most recent quarter at 74.43%.
- Promoter Pledges are zero.
- Quarterly Revenue rose 299.59% YoY to Rs 694.33 Cr. Its sector's average revenue growth YoY for the quarter was 6.91%.
- Quarterly Net profit rose 146.84% YoY to Rs 86.64 Cr. Its sector's average net profit growth YoY for the quarter was 11.51%.
- Price to Earning Ratio is 9.27, lower than its sector PE ratio of 31.05.
- 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 can meet its interest payments comfortably with its earnings (EBIT).
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).
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