Shares of this breweries company more than doubled investor wealth in the last 2 years!

 An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.39 lakh today.

Globus Spirits Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 359.45 on 25 February 2021 to Rs 860.45 on 24 February 2023, an increase of 139% in the two-year holding period.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.39 lakh today.

Quarterly performance

In the recent quarter Q3FY23, the company’s net revenue increased by 48% YoY to Rs 809.1 crore. However, owing to higher expenses, the bottom line decreased by 11.7% YoY to Rs 26.94 crore.

The company is currently trading at a TTM PE of 18.3x against the industry PE of 54.7x. In FY22, the company delivered an ROE & ROCE of 27.48% and 34.12%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 2,433.69 crore.

Stock price movement of Globus Spirits

Today, the scrip opened at Rs 861.10 and has touched a high and low of Rs 895 and Rs 841, respectively. So far 18,198 shares have been traded on the bourses.

At 11.46 am, the shares of Globus Spirits Ltd were trading at Rs 849.15, a decrease of 1.31% from the previous closing price of Rs 860.45 on BSE. The stock has a 52-week high & low of Rs 1640 and Rs 700, respectively on BSE.

Company profile 

Globus Spirits Ltd was incorporated in 1993-94 (erstwhile name Globus Agronics Limited). The company caters to four important segments of the alcohol industry - Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), IMFL Bottling and Bulk Alcohol. Globus Spirits distilleries are located in Rajasthan, Haryana, West Bengal, and Bihar. The fully integrated plants facilitate the production of Rectified Spirit, Grain Neutral Alcohol (ENA), Value-priced Spirits, and Premium Spirits.