G.M. Breweries Ltd. (GMBREW) AI Stock Analysis

G.M. Breweries Ltd.

(NSE:GMBREW)

Select Model

Rating:70Outperform

Price Target:INR 864.00▲(10.06% Upside)

Action:reiterated

Date:10/09/26

The stock’s upper-mid score reflects strong balance sheet health and improving profitability offset by negative recent cash flows and a weak price trend, with a reasonable valuation supporting the rating but not fully compensating for cash flow and revenue volatility risks.

Positive Factors

Strong ProfitabilityThe company’s strong net and EBIT margins indicate that its branded alcoholic-beverage operations can convert revenue into substantial operating and bottom-line profit. If maintained, this profitability provides internal funding capacity and supports resilience through normal business fluctuations.

Negative Factors

Revenue VolatilityLarge revenue swings make the company’s earnings power less predictable and complicate planning for production, distribution, and investment. Even with strong margins, an unstable top line can reduce operating efficiency and make future profit growth less dependable over the coming quarters.

G.M. Breweries Ltd. (GMBREW) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 17.95B
Dividend Yield: 1.14%
Average Volume (3M): 4,076
Price to Earnings (P/E): 10.4
Beta (1Y): 1.11
Revenue Growth: 20.49%
EPS Growth: 20.90%
Country: India
Employees: 227
Sector: General
Sector Strength: 55
Industry: Beverages - Alcoholic

G.M. Breweries Ltd. Business Overview & Revenue Model

Company Description

G.M. Breweries Limited is an Indian firm dedicated to the production and distribution of various alcoholic beverages across the nation. Its diverse range of spirits includes both domestically manufactured foreign liquor (IMFL) and traditional country...

G.M. Breweries Ltd. Financial Statement Overview

Summary

Overall financial performance is solid, driven by a debt-light balance sheet and improved margins, but tempered by volatile revenue and a sharp recent deterioration in operating and free cash flows.

Income Statement

72Positive

Balance Sheet

92Very Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	8.18B	7.48B	14.61B	14.09B	5.94B	17.78B
Gross Profit	2.50B	2.34B	1.63B	1.51B	1.59B	14.35B
EBITDA	2.29B	2.11B	1.18B	1.87B	1.37B	1.24B
Net Income	1.73B	1.57B	1.29B	1.52B	998.65M	933.60M
Balance Sheet
Total Assets	12.85B	12.25B	10.98B	9.17B	7.69B	6.68B
Cash, Cash Equivalents and Short-Term Investments	20.50M	111.05M	939.21M	125.30M	232.21M	259.80M
Total Debt	0	345.19M	557.03M	0	0	0
Total Liabilities	1.48B	1.47B	1.59B	951.20M	874.01M	769.84M
Stockholders Equity	11.37B	10.78B	9.39B	8.22B	6.82B	5.91B
Cash Flow
Free Cash Flow	0	-1.41B	1.62B	592.68M	2.03B	974.69M
Operating Cash Flow	0	-956.25M	1.62B	592.68M	960.38M	974.69M
Investing Cash Flow	0	1.14B	-1.49B	-484.91M	-867.80M	-949.18M
Financing Cash Flow	0	-174.51M	-133.69M	-113.38M	-91.77M	-73.25M

G.M. Breweries Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price785.05

Price Trends

50DMA897.52Negative

100DMA907.58Negative

200DMA942.31Negative

Market Momentum

MACD-35.73Positive

RSI27.56Positive

STOCH15.76Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GMBREW, the sentiment is Negative. The current price of 785.05 is below the 20-day moving average (MA) of 864.80, below the 50-day MA of 897.52, and below the 200-day MA of 942.31, indicating a bearish trend. The MACD of -35.73 indicates Positive momentum. The RSI at 27.56 is Positive, neither overbought nor oversold. The STOCH value of 15.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GMBREW.

G.M. Breweries Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GMBREW against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:UNITDSPR	74Outperform	INR 969.56B	57.26	―	1.28%	0.49%	2.81%
IN:GMBREW	70Outperform	INR 17.94B	10.37	―	1.14%	20.49%	20.90%
IN:RADICO	69Neutral	INR 549.36B	68.72	―	0.22%	15.74%	73.87%
IN:ASALCBR	64Neutral	INR 10.77B	12.42	―	0.37%	-5.25%	-10.44%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:GLOBUSSPR	52Neutral	INR 21.34B	19.58	―	0.96%	7.88%	295.37%
IN:TI	51Neutral	INR 119.30B	-375.66	―	0.21%	150.10%	-122.03%

* General Sector Average

Performance Comparison

IN:GMBREW and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GMBREW	G.M. Breweries Ltd.	785.05	-446.26	-36.24%
IN:ASALCBR	Associated Alcohols & Breweries Ltd.	536.50	-671.48	-55.59%
IN:GLOBUSSPR	Globus Spirits Limited	678.20	-458.20	-40.32%
IN:RADICO	Radico Khaitan Limited	4100.00	913.57	28.67%
IN:TI	Tilaknagar Industries Limited	481.25	-44.64	-8.49%
IN:UNITDSPR	United Spirits Limited	1333.00	-97.22	-6.80%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 09, 2026

G.M. Breweries Ltd. AI Stock Analysis