Imports and distributes premium wines and spirits across India, operating as an independent importer of 100+ global brands. Sells tequila, agave spirits, Irish whiskey, Japanese whisky, gin, imported wines, and liqueurs through HORECA, retail, and travel retail channels, reaching 9,500+ touchpoints across 25+ Indian states. In FY26, revenue grew 27.53% to ₹301.16 crore and profit after tax rose 39.07% to ₹32.14 crore, with the company stepping into Kerala and adding brands like Angostura, Jinro, and Licor 43 to its portfolio. The model is brand-led rather than manufacturing-led: it represents overseas marques such as Jose Cuervo, 1800 Tequila, Remy Martin, and Cointreau, with the latest partnership bringing Angostura's 5-Year-Old Rum and bitters to India. Costs are dominated by employee expenses at 7.4% of revenue and other operating expenses at 17.4%, while higher advertising and promotion spends compressed EBITDA margins to 18% from 20% in FY25. Operating cash flow swung sharply negative on build-ups in trade receivables and inventories, and the company listed on BSE's SME platform in July 2025 via an IPO that earmarked ₹100.64 crore of its ₹137.03 crore proceeds for working capital. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Alcohol and beverages (single segment) (100%). Asset-light, brand-led importer and distributor of premium alco-beverages
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 301 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 16.08 |
| ROE % · ROCE % | — · 21.4 |
| Debt / equity (x) | — |
| Cash from operations | (102) |
| Capex | (1) |
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 117 | 184 |
| Profit before tax | 10 | 24 |
| Net profit | — | — |
| EPS (₹) | 5.38 | 10.34 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| UNITED SPIRITS LIMITED | 1,01,138 | 52.6 | 11.29 | 37.5 | 20.5 | 23.1 | 0.3 | 6.9 |
| RADICO KHAITAN LTD | 58,503 | 70.1 | 17.64 | 57.8 | 18.2 | 22.1 | 15.1 | 6.0 |
| UNITED BREWERIES LTD | 33,182 | 83.9 | 7.33 | 37.4 | 9.1 | 12.1 | 11.4 | 5.6 |
| ALLIED BLEND N DISTILS L | 17,790 | 81.2 | 10.55 | 33.3 | 13.1 | 17.8 | — | 6.6 |
| TILAKNAGAR INDUSTRIES LTD | 12,916 | — | 4.33 | 70.3 | 0.7 | 0.4 | 29.9 | 6.4 |
| PICCADILY AGRO INDUSTRI L | 5,917 | 41.8 | 6.57 | 26.7 | 15.3 | 17.5 | 18.3 | 17.3 |
| GLOBUS SPIRITS LTD | 2,443 | 20.6 | 2.24 | 10.9 | 8.4 | 8.5 | 16.7 | 6.9 |
| G M BREWERIES LTD | 2,077 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Aug 2026 · Monika Alcobev becomes Remy Cointreau's exclusive India partner | strategic transactions | high | — | — |
| 8 Aug 2026 · Monika Alcobev clarifies distribution arrangement with Proximo Group remains active | business updates | high | — | — |
| 5 Aug 2026 · Secretarial Auditor re-appointed for FY 2026-27 | management changes | low | — | — |
| 27 Jul 2026 · Monika Alcobev partners with Angostura to bring Caribbean brand to India | compliance | low | — | — |
| 6 Jul 2026 · Compliance Certificate for Apr-Jun 2026 Quarter - No Share Transfer Activity | compliance | minimal | — | — |
| 25 Jun 2026 · Monika Alcobev 4th AGM: All 3 resolutions passed unanimously | compliance | minimal | — | — |
| 25 Jun 2026 · Summary of Proceedings of 4th Annual General Meeting | board shareholder meetings | medium | — | — |
| 10 Jun 2026 · This is to inform that an inadvertent error was identified in the graphical/editorial presentation on page 45 of the Annual Report FY 2025-26, wherein an incorrect product image was displayed .... | compliance | minimal | — | — |
| 3 Jun 2026 · The Company has dispatched the letter to Shareholders (Non-Email Cases) providing the weblink to Access the Annual Report 2025-26. | compliance | minimal | — | — |
| 2 Jun 2026 · Newspaper publication of Notice of the 4th Annual General Meeting , Remote E-voting Information, Cut-off Date and Record Date | compliance | minimal | — | — |
| 22.6 |
| 1.93 |
| 9.8 |
| 14.5 |
| 19.0 |
| — |
| 6.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.8 | 23.8 | 7 of 24 | 74% |
| ROCE | 14.1 | 3.7 | 8 of 26 | 72% |
| Market cap | 330 | 858 | 17 of 26 | 36% |
| Where a broker report shows | This document shows | Why |
|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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