Minerva Capital Research Solutions

Globus Spirits

NSE: GLOBUSSPRBSE: 533104
Compare with peers
₹ 736.30▲ 7.15 (+0.98%)28 Oct, 03:29 pm IST
Market cap
₹ 2,249 Cr.
P/E
22.3x
P/B
1.94x
52-week range
698.5 – 1,252.8
ROE
9%
ROCE
11%
Dividend yield
0.9%
Debt / equity
0.67
Sector
Beverages
Industry
Breweries & Distilleries
Listed on
NSE, BSE

About

Globus Spirits Limited is an India-based company, which is primarily engaged in the business of the manufacture and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), and Bulk Alcohol. Its business segments include manufacturing and consumer business. The Company’s consumer products are categorized under Regular & Others and Prestige & Above categories, which include Ghoomar, Heer Ranjha, Shahi, Globus Special Series, Goldee - Blue and Red, Globus Spirits Dry Gin, Oakton Barrel Aged Grain Whisky, and White Lace. The Company’s manufacturing products include extra neutral alcohol (ENA), bioethanol, special denatured spirit, technical alcohol, franchisee bottling, byproducts, and fusel oil. Its manufacturing facilities spread across West Bengal, Bihar, Haryana, Panagarh, Jharkhand, and Rajasthan. Its fully integrated plants facilitate the production of Rectified Spirit, Ethanol, Grain Neutral Alcohol, Value-priced Spirits, and Premium Spirits.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Breweries & Distilleries: 28 companies →

Globus Spirits against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)22.3 against a typical 38: cheaper than most peers (1st = cheapest).10th of 27
  • Sales growth+12.7% against a typical +11.8% from a year earlier.12th of 25
  • Profit growth+44.4% against a typical +10.1% from a year earlier.4th of 20
  • Share price, 3 months−16% against a typical −7.9%.21st of 28
  • Size₹ 2,249.4 Cr. market value against a typical ₹ 419.4 Cr. (1st = largest).6th of 24

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A+ by 2 agencies
A+
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
CARECARE A+Stable6 Jul 2026
ICRA[ICRA]A+Stable10 Nov 2025
Credit rating actions
RatingDetails
6 Jul 2026
Reaffirmed
CARE A+—CARE₹ 713.25 Cr.
10 Nov 2025
Reaffirmed
[ICRA]A+—ICRA₹ 744 Cr.
9 Sep 2025
Reaffirmed
CARE A+—CARE₹ 829.78 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
30 Oct 2026UpcomingFinancial ResultsTo consider and take on record the standalone and consolidated financial results of the Company for the 2nd Quarter and half year ended on 30th September, 2026
17 Jul 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
7 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
9 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
20 Nov 2025Fund Raising/Other business mattersTo consider Fund Raising and other business matters
12 Nov 2025Financial ResultsGLOBUSSPR : 12-Nov-2025 : The Company has informed the Exchange that a Board meeting to be held on November 07, 2025 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on November 12, 2025, To consider and approve the financial results for the period ended September 30, 2025
7 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025

Share price

1Y change −30.86%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales567687590642638602655700661717632789
Expenses530648570595608568616642602642566711
Operating Profit384020483034395759756778
OPM %7%6%3.3%7%4.7%6%6%8%9%10%11%10%
Other Income435222423352
Interest7769914131514131616
Depreciation161717202021212222222526
Profit before tax17192212192326423037
Tax %25%−131%97%28%38%65%44%23%12%26%29%27%
Net Profit13440151051822302126
EPS in Rs4.5315.410.095.480.490.191.926.167.5810.587.349.14

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
14%
5 Years
17%
3 Years
9%
TTM
8%
Compounded Profit Growth
10 Years
25%
5 Years
−8%
3 Years
−9%
TTM
297%
Stock Price CAGR
10 Years
28%
5 Years
0%
3 Years
−2%
TTM
—
Return on Equity
10 Years
—
5 Years
—
3 Years
7%
TTM
—

Shareholding

Latest: Aug 2026.

Promoters
46.74%
−4.02 pts in a year
FIIs
13.77%
+7.23 pts in a year
DIIs
10.46%
+0.99 pts in a year
Public
29.02%
−4.21 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 22.3xEPS (12 months) ₹ 34.64Median P/E 22.7x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Globus Spirits₹ 736.30₹ 2,249 Cr.22.3x1.9x9%—
United Spirits₹ 1,255.60₹ 91,326 Cr.55.4x11.2x20%6.1%
Radico Khaitan₹ 4,170.00₹ 55,873 Cr.89.3x16.6x19.9%2.9%
United Breweries₹ 1,143.85₹ 30,246 Cr.95.1x7.8x9.3%2.4%
Allied Blenders and Distillers₹ 674.30₹ 18,913 Cr.75.3x10.4x14.3%2.9%
Tilaknagar Industries₹ 490.70₹ 12,144 Cr.38x3.7x1.1%0.4%

Management

Nilanjan Sarkar
Chief Financial Officer
Santosh Kumar Pattanayak
Compliance Officer, Company Secretary
Ajay Kumar Swarup
Managing Director, Executive Director
Shekhar Swarup
Joint Managing Director, Executive Director
Amitabh Singh
Whole-Time Director
Rajesh Kumar Malik
Whole-Time Director

Prices are delayed and for information only. Nothing on this page is investment advice.