The Company’s performance for the year 2009-10 shows satisfactory growth in terms of sales. An investor would notice that GM Breweries Ltd has almost nil receivables days year on year. Copyright © e-Eighteen.com Ltd All rights resderved. This is because the employee motivation is essential for future growth of any company. The Nikka Whisky Distilling Co., Ltd. In fact the exorbitant rate of taxation is one of the factors, which breeds duty evasion. We believe that investors should understand more about the actions being taken by the company to keep its employees motivated for improving the business performance. Company Analysis: Vol. If with its current 135 Rs, its Market price is Rs 1000, after 10 years with more grown eps and funds its price can be expected much higher, provided all is going well. Reproduction of news articles, photos, videos or any other content in whole or in part in any form g m breweries ltd. ground floor, ganesh niwas veer savarkar marg, prabhadevi mumbai 400025 p: +9122.24331150 f: +9122.24229922 Over FY2009-18, GM Breweries Ltd reported a total cPAT of ₹279 cr. As the audit usually involves making sample checks of bank accounts/fixed deposits/mutual funds by contacting the banks/AMCs, contacting a few vendors to verify their claims as well as verifying a few inventory samples, we believe that all these activities would have been properly undertaken within the three working days. If all is well and it gives 20% return annually (eps growth 13-15% and funds return 5-7%), then it will take 10 years to convert 135 Rs to 1000 Rs. Because of the change in classification of the expenditures between CWIP and Non-current investments, it becomes difficult to calculate and interpret the ratios, which use fixed assets e.g. A sudden spike in sales can be due to banning of poisonous cheap alcohol in Maharashtra, which might have led to an increase in sales of country liquor. GMBL manufactures Indian-made foreign liquor. Established producer of whisky and other spirits, liqueurs and wines. GM Breweries Limited has informed the Exchange regarding Certificate issued by RT under Regulation 74(5) of SEBI (DP) Regulations , 2018. The company sells its products on advance/over the counter payment basis and as a result, it receives almost all of its sales revenue upfront. There is a high probability of issuing bonus shares. GM Breweries Ltd - Business Profile with Financial and SWOT Analysis provides access to trustworthy data on the company and its performance, presenting an all-around view. However, now I have reached the stage where I am at least able to analyse something. However, investors would appreciate that the lack of performance bonus may make the employees very rigid and inflexible in their approach to business. held on 5th April, 2018 at 4.30 pm, the Board has approved the Audited Accounts for the year ended 31st March, 2018, Free Cash Flow: A Complete Guide to Understanding FCF, Analysis Package: Excel Template + All eBooks (28.5% savings), Knowledge Package: All eBooks (22% savings), Pre-register Free for Workshop in Your City, Portfolio returns of 19.4% against Sensex returns of 10.8%, How to do Financial Analysis of Companies, Understanding the Annual Report of a Company, Analysis: Associated Alcohols and Breweries Ltd, How to Assess Operating Efficiency of Companies, Understanding Cash Flow from Operations (CFO), Self Sustainable Growth Rate: a measure of Inherent Growth Potential of a Company, 3 Simple Ways to Assess “Margin of Safety”: The Cornerstone of Stock Investing, Steps to Assess Management Quality before Buying Stocks (Part 3). FII have raised their shares from 1.33% to 2.19%. Over the years, GM Breweries Ltd has a tax payout ratio of 34-35%, which is in line with the standard corporate tax rate prevalent in India. GMBL is engaged in the activities of manufacturing and marketing of Alcoholic Beverages; such as Country Liquor (CL) and Indian made Foreign Liquor (IMFL).. Mr. Jimmy Almeida aim was to provide finest quality country liquor to the common man, who savours its taste, at the lowest possible price. Rs. The company was promoted by Chairman & Managing Director Jimmy Almeida. Salifu has 1 job listed on their profile. This is not understandable as with a decrease in expense there should be an improvement in OPM. In the case of GM Breweries Ltd, the company has frequently changed the classification of its investment in property between the capital work in progress (CWIP) and non-current assets. It is the largest manufacturer of country liquor in Maharashtra. A craft brewery or microbrewery is a brewery that produces small amounts of beer, typically less than large breweries, and is often independently owned.Such breweries are generally perceived and marketed as having an emphasis on enthusiasm, new flavours, and varied brewing techniques. As mentioned earlier, GM Breweries Ltd has started using the new accounting standards (IndAS) and has accordingly changed its reporting of financial numbers. G M Breweries down by -1.06% is trading at ₹ 423.25 today. Comparing with Radicokhaitan (RK): RK has a huge market with big brands and is large player. I could not find any controversy and frauds. -G M Breweries have recommended a Bonus Issue of Shares in the ratio of 1:4 i.e. Investors may seek clarification about the property for which the company is paying rent to the director and then assess whether the rent amount is in line with the market prices. I am sending you this analysis because I want to know that how can you dig the analysis further, which will definitely make me and others learn more. 12. The company highlighted this constraint to the shareholders in its FY2010 annual report, page 8. As per 2016, 66% of Indian population is in legal drinking age and it is expected to rise to 68% in 2021. Get live share price chart, key metrics, forecast and ratings of G M Breweries Ltd - GMBREW on Tickertape Promoters hold 74.43%. Instead, it should expand its market coverage to other parts of the, abnormal rise in the price of its main raw material i.e. Compared to large stocks in the, Overall company is rich and has good and profitable core function, with zero fraudulent activities by the management. Breweries Limited engages in the manufacture and sale of alcoholic liquor in India. Compared to large stocks in the industry, it lacks in making brand value. The company is utilizing only half of its manufacturing capacity and therefore, may not need to do large capital expenditure for growth in existing markets. An investor may read the analysis of following liquor companies to further her understanding of this sector: We primarily focus on net fixed asset turnover (NFAT), inventory turnover ratio (ITR) and “receivables days” parameters to assess the operating performance of a company. Kingfisher is an Indian beer brewed by United Breweries Group, Bangalore.The brand was launched in 1978. The company is engaged in the manufacture of alcoholic liquor. How to do Management Analysis of Companies. In the FY2014 annual report at page 22, an investor would notice that the CWIP of the company has witnessed a steep decline from ₹42 cr in FY2013 to ₹6 cr. Get Top Management, MD , CEO , HR Manager Contact details with Email id of GM Breweries Ltd in Mumbai . Further Advised Reading: Receivable Days: A Complete Guide. This reclassification changes the value of fixed assets (net fixed assets + CWIP), that we use to arrive at NFAT (Sales/fixed assets). 182,775,376. Gmbrew financial results, Gmbrew shareholding, Gmbrew annual reports, Gmbrew pledge, Gmbrew insider trading and compare with peer companies. While analysing the free cash flow (FCF) position of the company, an investor notices that over FY2009-18, GM Breweries Ltd generated a total cash flow from operations (CFO) of ₹317 cr and it did a capex of ₹144 cr over the years to grow its revenues from ₹210 cr in FY2009 to ₹426 cr in FY2018. Whichever comes first, from original in-service date. During your powertrain limited warranty period, 6 years or 100,000 miles from new vehicle delivery, whichever comes first. A look at the detailed sales breakup in the FY2018 annual report, page 55, will indicate to an investor that out of every ₹100/- of sales, the company has to pay about ₹72/- to the govt authorities as indirect taxes (state excise duty: 45% and value-added tax: 27%). If the investor does not make this adjustment, then it may lead to erroneous calculation and interpretation of all those ratios, which include sales as a parameter like sales growth, net fixed asset turnover (NFAT), receivables days, inventory turnover etc. This ability seems to have been recognized by the market and as a result, over last 10 years, the company has been able to reward its shareholders with an increase in market. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Snj Breweries | Tiruvallur, Tamil Nadu, India | GM Engineering at SNJ Breweries Pvt.ltd | 22 connections | See Snj's complete profile on Linkedin and connect With a market share of over 36% in India, it is also available in 52 other countries. Further advised reading: How to do Financial Analysis of Companies, As a result, if an investor analyses the publically available historical sales data of the company, then she may interpret that the company has suddenly grown its sales three to four times in FY2017 & FY2018 (about ₹1,300-1,600 cr) over its sales in FY2016 (about ₹360 cr), which would not be right conclusion. An investor would note that there is no corresponding increase in the fixed assets in FY2014. Gm Breweries Limited - Technical chart. G.M. As a result, its profitability has suffered. However, an investor would notice that the company has been able to increase its sales over the years and has simultaneously repaid its entire debt. 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