Globus Spirits Ltd.
Snapshot View

709.80 -17.60 ▼-2.4%

04 August 2021, 04:01:41 P.M.
Volume: 70,468

Overview View Details

Sector Alcohol Compare with Sector peers
Industry Breweries & Distilleries Compare with Industry peers
Website http://www.globusspirits.com
Financial Indicators
Market Cap 2,092.41 Cr.
Earnings per share (EPS) 48.90 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 14.86 Trailing Twelve Months Ending 2021-03
Industry PE 76.24 Trailing Twelve Months Ending 2021-03
Book Value / Share 203.24 Trailing Twelve Months Ending 2021-03
Price to Book Value 3.57 Calculated using Price: 726.55
Dividend Yield 0.28 Period Ending 2020-03
No. of Shares Subscribed 2.88 Cr. 28,799,268 Shares
FaceValue 10
Company Profile

Globus Spirits (GSL) was originally incorporated as Globus Agronics Limited on February 16, 1993 with the Registrar of Companies, Delhi & Haryana, and obtained the Certificate of Commencement of Business on March 19, 1993. The name of the Company was subsequently changed to Globus Spirits Limited vide a fresh Certificate of Incorporation obtained on January 23, 2007 from the Registrar of Companies, Delhi and Haryana at New Delhi.

The main promoter, A.K. Swarup & family have controlling stake (96.4%) in GSL through –Chand Bagh Investments Ltd (CBIL), an investment company. The other major group companies are : Associated Distilleries Ltd., Rajasthan Distilleries Ltd. and Northern India Alcohol Sales Ltd. After the placement of the IPO, the promoters group is likely to have 59.8% holding in the company, while the stake of Indian public will be 38%.

GSL is engaged in the business of manufacture, marketing and selling of Industrial Alcohol (comprising RS and ENA), CL and IMFL. The company has a well established position in domestic CL segment with significant market share (22%, 17% and 20% share in Rajasthan, Haryana and Delhi respectively) and has made its presence in IMFL segment by taking up contract bottling to cater to the renowned Indian players. GSL sells CL under major brands namely Rana, Chandni and Samalkha No. 1. The Company has also launched its own brands in growing IMFL segment namely Samurai Gold Whisky, White Lace Gin, White Lace Vodka and Hannibal Rum in seven states and is likely to cover three more states by March 2010.

The IMFL segment is currently captured by large players of the industry. Gross sales increased at a CAGR of around 48 % over the last three years with a year on year (yoy) growth of 19.5% in FY 09, mainly on account of higher Average Gross Sale price Realisation (AGSPR) of RS and ENA in FY 09 due to higher Average Purchase Price (APP) of raw material in FY 09 over FY 08. GSL has a running contract with BDA Ltd for bottling their IMFL brands and also has tie-ups with brand leaders like UB Group, BDA Ltd. & Jagatjit Industries for sale of ENA.

The distribution of CL and IMFL is through the supply to govt. controlled agencies or private agencies (who ultimately cater to the need of the retailer) With the regulations relating to illicit liquor becoming stringent, GSL gained strong market presence in Haryana, Rajasthan and Delhi during the last few years by launching branded CL (accounts for a major proportion of sales for GSL).

GSL is, implementing projects comprising expansion cum modernisation of capacity (from 288 lakh BL to 498 lakh BL per annum), setting up of new CPP, revamping IMFL bottling section and brand launching for IMFL, at an aggregate project cost of Rs. 89.3 crore with the project debtequity ratio being 0.16 : 1. The Company has already incurred Rs. 16.2 crore on the projects (entirely out of internal accruals) and the projects, in entirety, are expected to be completed by Mar, 2010.

The company has invested in two world-class distilleries located at:

  • Behror, Distt: Alwar, Rajasthan
  • Samalkha, Distt:Panipat, Haryana

Both these units can be counted amongst the largest distilleries in the country. The plants are currently engaged in the manufacturing of Industrial Alcohol (comprising Rectified Spirit, Denatured Spirit and Extra Neutral Alcohol (ENA); Country Liquor (CL); and Indian Made Foreign Liquor (IMFL).

These units have their own captive supply of water and power which puts them in a position of strength. At present our units are capable of manufacturing Alcohol from molasses & grains. Both the units have licensed and installed capacity each of 1,44,00,000 BL per annum.

The company is in the process of enhancing its capacity of Industrial Alcohol to 243,00,000 BL per annum. The total capacity after expansion in both the factories will be 486,00,000 Bl per annum. The distilleries have a modern bottling facility equipped with the best bottling machines.

Product range of the company includes:

IMFL

  • White Lace Gin White Lace Dry Gin
  • White Lace Duet Gin GR 8 Times Dry Gin Samurai Gold Extra Rich Blend Whisky
  • Samurai Premium Whisky 20-20 Premium Whisky
  • 20-20 Superior Whisky *
  • GR 8 Times Whisky
  • GR 8 Times XXX Rum
  • Hannibal Legendry RumHannibal Legendry XXX Rum *
  • Samurai XXX Rum
  • Samurai Grape Brandy
  • Samurai Superior Grape Brandy *
  • Samurai Superior Whisky *
  • Academy Deluxe XXX Rum
  • Academy Deluxe Brandy

Country Liquor

  • Rana
  • Rajasthan No.-1
  • Ghoomar
  • Samalkha No.-1
  • Samalkha Ki Saunfi
  • Kinnu
  • Commander

Other Operations of the company:

Extra Neutral Alcohol (ENA)-  It manufactures and supplies ENA to other IMFL manufacturers, pharmacies and perfumeries etc.

Rectified Spirit- Rectified Spirit is used for the manufacture of branded Country Liquor. It is also used for conversion into ENA. Surplus Rectified Spirit, if any, is sold in the market to Country Liquor and IMFL manufacturers.

Denatured Spirit - Spirit which is collected as ‘impure’ during the course of manufacture of Rectified Spirit and ENA, also known as ‘heads’, is sold to various industrial manufacturers of paints and chemicals.

Country Liquor - The company has a market share of about 25% in Haryana (through affliate company), 26% in Rajasthan, 28% in Delhi (partially through affiliate company), and 15% in Chandigarh.

Milestones:

1994-95

  • First Distillery set up; commenced production of Ethyl Alcohol in April 1994 at Samalkha Unit, Haryana. Unit was set up with an installed capacity of 144 lakh BL per annum.
  • Purchase of land at Village Shyampur, Tehsil Behror, District Alwar, Rajasthan for setting up a Distillery unit for manufacturing 40,000 Bulk Litres of Rectified Spirit and 20,000 Bulk Litres of Extra Neutral Alcohol per day.
  • The company acquired 18 acres of land in village Shyampur in Behror, Rajasthan.

1995-96

  • Sets up second Distillery unit at Behror, Rajasthan; Unit commissioned.
  • Authorised Share Capital increased from Rs. 5 crores to Rs. 10 crores.
  • Bonus issue to existing shareholders in the ratio of 12 equity shares for every 10 equity shares held.
  • Enters into agreement with International Distilleries (India) Ltd. – a subsidiary of International Distillers and Ventures, UK, to bottle IMFL products under the brand name of ‘IDI’.

1996-97

  • During the year Behror Unit also started production. The sale was Rs. 5092.12 lakhs with a profit after tax of Rs. 278.42 lakhs. The Company has also exported alcohol to the tune of Rs. 4221.54 lakhs during the year.

1998-99 

  • Takes up work at Samalkha unit for conversion of molasses supplied by Panipat Co-operative Sugar Mills.
  • The company has started production of IMFL at its Behror unit under the brand name of Rajputana.

1999-2000

  • Commenced bottling of IMFL at Behror Unit in August, 1999; and Country Liquor at Samalkha Unit in December, 1999.

2000-01

  • Haryana State Pollution Control Board on 29.8.2000 orders closure of distillery unit at Samalkha for alleged non-compliance of pollution requirements.

2001-02

  • Haryana Pollution Control Board orders start of Bottling of Country Liquor at Samlakha unit on 17.8.2001.
  • Bottling at Samlakha Unit starts w.e.f 23.3.2002 after clearance by Hon’ble High Court of Punjab & Haryana on issues raised by State Excise Department.

2003-04

  • Enters into agreement on 26.7.2002 with Hi-Life Impex Pvt Ltd (Hi-Life) for use of Trademarks in respect of Ready to Drink Beverages (RTDB) and manufactures the same under technical know-how from Hi-Life.
  • Commercial production of RTDB starts from 27.9.2003.

2004-05

  • Sets up Effluent Treatment and Environment friendly Bio-Composite Plant and entire plant and machinery repaired in order to start the Distillation plant at Samalkha Unit.

2005-06

  • Distillation Plant commences operation at Samalkha Unit in April, 2005.

2006-07

  • Authorised Share Capital increased from Rs. 10 crores to Rs. 15 crores.
  • Name of the Company changed from Globus Agronics Limited to Globus Spirits Limited with effect from 23.1.2007.

2007-08

  • Authorised Share Capital increased from Rs. 15 crores to Rs. 25 crores.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-2.42%
1 Week
-1.78%
1 Month
-4.96%
3 Month
+119.24%
6 Month
+80.59%
1 Year
+458.46%
2 Year
+542.35%
5 Year
+922.03%
6 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 1.90 2.81 3.98 1.52 6.15 11.76
Return on Capital Employed (%) 4.85 5.23 5.08 5.90 9.45 14.44
Return on Assets (%) 1.05 1.44 1.82 0.68 2.98 6.34

Balance Sheet View Details

Particulars 6 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 355 361 368 373 398 447
Non Curr. Liab. 98 207 250 224 198 168
Curr. Liab. 192 181 224 224 174 185
Minority Int. 0 -1 -1
Equity & Liab. 644 749 842 821 769 799
Non Curr. Assets 536 630 722 696 618 623
Curr. Assets 108 119 119 125 152 176
Misc. Exp. not W/O
Total Assets 644 749 842 821 769 799

Profit Loss View Details

Particulars 6 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 586 706 774 855 986 1,169
Other Income 4 4 5 5 7 4
Total Income 590 711 779 861 993 1,173
Total Expenditure -537 -639 -720 -787 -898 -1,044
PBIDT 53 71 59 74 95 128
Interest -14 -17 -18 -27 -26 -24
Depreciation -29 -42 -27 -36 -36 -38
Taxation -3 -2 0 -5 -9 -17
Exceptional Items
PAT 7 10 14 6 24 50

Cash Flow View Details

Particulars 6 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 61 50 67 56 31 135
Cash Fr. Inv. -95 -141 -72 -10 -14 -37
Cash Fr. Finan. 34 94 0 -47 -17 -80
Net Change 0 2 -5 -1 0 18
Cash & Cash Eqvt 5 7 2 2 2 20

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 55.09 55.84 55.84 55.74 55.81 55.88 55.88 55.88 55.96
Public 44.91 44.16 44.16 44.26 44.19 44.12 44.12 44.12 44.04
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 03 Aug 2021
Analysts/Institutional Investor Meet/Con. Call Updates
Globus Spirits Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. Call Updates
Thu, 15 Jul 2021
Analysts/Institutional Investor Meet/Con. Call Updates
Globus Spirits Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. Call Updates
Wed, 14 Jul 2021
Analysts/Institutional Investor Meet/Con. Call Updates
Globus Spirits Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. Call Updates

Technical Scans View Details

Tue, 03 Aug 2021
Close Crossing Last Month Close from Above Close Crossing Last Month Close from Above
Close Within 52 Week High Zone Close Within 52 Week High Zone
CCI Bearish CCI Bearish
RSI Bearish RSI Bearish
Mon, 02 Aug 2021
Close Crossing Last Month Close From Below Close Crossing Last Month Close From Below

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