Manufactures alcoholic beverages under the breweries and distilleries classification, with FY26 consolidated revenue of ₹2,301.67 crore and standalone revenue of ₹82,822 lakh. The cost structure is dominated by materials at 34.9% of revenue and other operating expenses at 58.8%, while employee costs are just 2.2%. Capital expenditure stood at 13.7% of revenue in FY26. Operations at the Bhopal plant have been temporarily suspended after the Madhya Pradesh Excise Department rejected the plant's excise licence application for FY 2026-27, and Infomerics downgraded the credit rating to BBB from BBB+ on long-term and A3+ from A2 on short-term. Consolidated net profit came in at ₹10.36 crore for FY26. The company is pursuing legal remedies to restore the Bhopal licence and has been filing regular compliance disclosures with the exchanges. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Alcoholic beverages (breweries and distilleries). Asset-heavy, regulated brewery and distillery with FY26 consolidated revenue of ₹2,301.67 crore.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 654 | 1,498 | 2,464 | 2,831 | 2,302 |
| EBITDA (ex other income) | 17 | 102 | 149 | 176 | 74 |
| margin % | 2.6 | 6.8 | 6.1 | 6.2 | 3.2 |
| Owners' profit | (10) | 60 | 86 | 0 | 9 |
| EPS, as reported (₹) | (1.45) | 8.47 | 11.22 | 5.28 | 0.49 |
| ROE % · ROCE % | (3.4) · 0.7 | 16.1 · 14.5 | 14.6 · 18.1 | 13.3 · 17.3 | 1.3 · 4.6 |
| Debt / equity (x) | 0.68 | 0.65 | 0.28 | 0.22 | 0.26 |
| Cash from operations | 10 | 14 | 98 | 42 | 211 |
| Capex | (7) | (99) | (106) | (101) | (316) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 573 | 562 | 683 | 885 | 476 | 483 | 458 | 609 |
| Profit before tax | 26 | 29 | 32 | 58 | 27 | 7 | (71) | 2 |
| Net profit | 19 | 22 | 24 | 42 | 20 | 5 | (57) | 2 |
| EPS (₹) | 0.96 | 1.10 | 1.15 | 2.02 | 0.94 | 0.26 | (2.75) | 0.08 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Monthly demat and remat compliance certificate for August 2026 | compliance | minimal | — | — |
| 7 Sept 2026 · Newspaper notice published for 33rd Annual General Meeting through video conference | compliance | minimal | — | — |
| 7 Sept 2026 · AGM Notice and Annual Report letters dispatched to shareholders | compliance | minimal | — | — |
| 6 Sept 2026 · Som Distilleries files BRSR sustainability report for FY 2025-26 | compliance | minimal | — | — |
| 6 Sept 2026 · Book closure for 33rd AGM set from Sept 23 to Sept 29, 2026 | board shareholder meetings | low | — | — |
| 6 Sept 2026 · SDBL 33rd AGM notice on Sept 29, 2026 with promoter warrant issue worth Rs 25 cr | board shareholder meetings | low | — | — |
| 6 Sept 2026 · Newspaper notice for 33rd AGM via video conference | compliance | minimal | — | — |
| 5 Sept 2026 · Board approves Rs 25 crore preferential warrant issue to promoter | fund raising | high | — | — |
| 5 Sept 2026 · Board approves AGM notice, FY26 Annual Report and Rs 25 cr preferential warrants to promoter | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Trading Window Closure Ahead of Preferential Share Issue | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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 | 22.6 | 1.93 | 9.8 | 14.5 | 19.0 | — | 6.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.8 | 2.2 | 9 of 25 | 67% |
| ROCE | 2.4 | 3.7 | 15 of 26 | 44% |
| ROE | 1.3 | 5.6 | 15 of 25 | 42% |
| Debt / Equity | 0.3 | 0.5 | 8 of 25 | 71% |
| EBITDA margin | 2.5 | 6.4 | 17 of 23 | 27% |
| Revenue growth | (31.1) | 10.2 | 21 of 22 | 5% |
| Profit growth | (96.3) | 6.1 | 22 of 23 | 5% |
| Market cap | 1488 | 858 | 10 of 26 | 64% |
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| 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 |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
