Globus Spirits Limited (GLOBUSSPR) AI Stock Analysis

• Market Cap: ₹26.86B
• Dividend Yield: 0.28%
• Average Volume (3M): 14.69K
• Price to Earnings (P/E): 35.3
• Beta (1Y): 1.76
• Revenue Growth: 2.36%
• EPS Growth: -26.16%
• Country: IN
• Employees: 883
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): 10.80
• Shares Outstanding: 28,972,134
• 10 Day Avg. Volume: 39,382
• 30 Day Avg. Volume: 14,685
• PEG Ratio: -1.86
• Price to Book (P/B): 3.32
• Price to Sales (P/S): 1.30
• P/FCF Ratio: -23.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ₹955.00 ▼(-16.64% Downside)

The overall stock score is primarily influenced by financial performance and technical analysis. While the company shows strong revenue growth, the high P/E ratio and negative free cash flow raise concerns about valuation and liquidity. Technical indicators suggest a neutral market sentiment, lacking strong momentum.

Positive Factors

Revenue Growth Trend

A ~10.5% revenue growth rate indicates persistent demand expansion and successful distribution execution across regulated state markets. This durable top-line momentum supports capacity utilization and scale benefits, underpinning multi-quarter earnings potential if maintained.

Strong Gross and EBIT Margins

Robust gross and EBIT margins point to operational efficiency and effective cost control at the plant and distribution level. Sustained mid/high operating margins provide a buffer versus input cost swings and support reinvestment or deleveraging when maintained over multiple quarters.

Vertical Integration & Diversified Revenue

Integrated production of IMIL, extra neutral alcohol and contract bottling creates multiple revenue streams and internal input supply, lowering procurement risk. This diversification improves resilience to state-policy shifts and supports stable margins over medium-term horizons.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow driven by heavy capex can force reliance on external financing or slow growth investments. Over several quarters this can constrain liquidity, increase financing costs, and limit the company's ability to fund working capital or opportunistic expansions.

Declining Net Profit Margin

A falling net margin despite solid gross/EBIT metrics suggests rising interest, tax, or non-operating costs eroding shareholder returns. If this trend persists it reduces retained earnings for reinvestment and weakens long-term return on equity, stressing capital allocation choices.

Rising Leverage

An increasing debt-to-equity trend raises fixed obligations and sensitivity to interest-rate moves. Coupled with negative FCF and margin pressure, higher leverage reduces financial flexibility, heightens refinancing risk, and makes the business more vulnerable to demand cyclicality.

Globus Spirits Limited Business Overview & Revenue Model

Company Description

Globus Spirits Limited manufactures and sells alcohol in India. The company offers Indian made Indian liquor products under the Nimboo, Narangi, Goldee, Ghoomar, and Heer Ranjha brands; and Indian made foreign liquor products. It is also involved in franchise bottling and bulk alcohol hand sanitizer production activities. The company also exports its products to Western Europe, Western Africa, and Southern African countries. Globus Spirits Limited was founded in 1992 and is based in New Delhi, India.

How the Company Makes Money

Globus Spirits Limited generates revenue primarily through the sale of its alcoholic beverages, which are distributed across various channels, including retail outlets, bars, and restaurants. The company benefits from a strong brand presence and strategic distribution partnerships, enabling it to reach a wide audience. Key revenue streams include the sale of its flagship brands as well as contract manufacturing for third parties. Additionally, the company may engage in promotional activities and collaborations with other firms in the beverage industry, enhancing its market reach and driving sales growth. Seasonal demand and regional preferences also influence its revenue, as the company adapts its offerings to align with consumer trends.

Globus Spirits Limited Financial Statement Overview

Summary

Globus Spirits Limited demonstrates solid revenue growth and operational efficiency. However, challenges include a declining net profit margin and negative free cash flow, which could impact financial stability if not addressed.

Income Statement

Globus Spirits Limited has shown consistent revenue growth over the years, with a notable increase from the prior year. The gross profit margin and EBIT margin are relatively strong, indicating efficient cost management and operational performance. However, the net profit margin has seen some decline, which suggests increased expenses or interest costs impacting profitability.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, reflecting balanced leverage, though it has increased over time. The equity ratio is stable, indicating a sound capital structure. However, the return on equity has been fluctuating due to varying net income levels, which may pose concerns for equity holders.

Cash Flow

The operating cash flow to net income ratio shows operational efficiency, but the free cash flow has been negative in recent years due to high capital expenditures. This could constrain liquidity and investment capacity, although it may also reflect growth initiatives.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	25.95B	25.37B	24.13B	21.08B	15.79B	12.30B
Gross Profit	6.56B	7.40B	6.75B	7.59B	6.62B	5.06B
EBITDA	1.62B	1.51B	1.80B	2.53B	3.34B	2.61B
Net Income	253.53M	233.34M	964.76M	1.22B	1.87B	1.44B
Balance Sheet
Total Assets	0.00	20.93B	17.70B	15.90B	12.37B	9.93B
Cash, Cash Equivalents and Short-Term Investments	785.05M	701.23M	779.17M	350.93M	760.78M	594.50M
Total Debt	0.00	5.27B	3.29B	2.91B	1.80B	1.87B
Total Liabilities	-9.91B	11.02B	7.95B	7.03B	4.64B	4.02B
Stockholders Equity	9.91B	9.93B	9.74B	8.87B	7.72B	5.91B
Cash Flow
Free Cash Flow	0.00	-1.41B	-48.48M	-1.04B	457.22M	523.51M
Operating Cash Flow	0.00	671.31M	1.70B	1.02B	2.19B	1.42B
Investing Cash Flow	0.00	-2.08B	-1.64B	-1.97B	-2.18B	-979.72M
Financing Cash Flow	0.00	1.42B	-68.30M	709.91M	-236.98M	-149.35M

Globus Spirits Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1145.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GLOBUSSPR, the sentiment is Negative. The current price of 1145.65 is above the 20-day moving average (MA) of 989.54, above the 50-day MA of 1001.03, and above the 200-day MA of 1058.13, indicating a bearish trend. The MACD of -28.95 indicates Positive momentum. The RSI at 38.97 is Neutral, neither overbought nor oversold. The STOCH value of 53.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GLOBUSSPR.

Globus Spirits Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IFBAGRO	72 Outperform	₹12.17B	25.46	―	―	23.11%	1930.97%
DOLLAR	69 Neutral	₹17.83B	16.86	―	0.82%	11.71%	14.14%
LAOPALA	64 Neutral	₹21.48B	21.27	―	3.64%	-8.09%	-12.59%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ADFFOODS	58 Neutral	₹19.40B	25.24	―	0.57%	6.31%	-3.89%
GLOBUSSPR	56 Neutral	₹26.86B	35.34	―	0.28%	2.36%	-26.16%

Globus Spirits Limited Corporate Events

Globus Spirits Commissions New Distillation Plant in Uttar Pradesh

Globus Spirits Limited has commissioned a new distillation plant at its Uttar Pradesh unit in Abbaspur, Aurangabad, Lakhimpur Kheri, with an installed capacity of 100 KLPD using grain or 80 KLPD using molasses. The facility will provide internal ENA production for the company’s consumer business in the state, reducing its dependence on external ENA purchases and offering flexibility to switch between molasses, broken rice and maize as raw materials, which is expected to improve cost efficiency and operational resilience in a key regional market.

Globus Spirits Seeks Rs 500 Crore Fundraise and Higher FPI Cap at Extraordinary Meeting

Globus Spirits Limited held its first extraordinary general meeting for the 2025-26 financial year on 18 December 2025 via video conferencing, where all procedural formalities, including quorum verification and electronic voting arrangements for shareholders, were duly completed. Shareholders considered two key special resolutions: authorising the company to raise up to Rs 500 crore through qualified institutional placements, private offerings or other permissible instruments, and doubling the investment limit for foreign portfolio investors from 10% to 20%, measures that collectively signal an intention to broaden the investor base and secure additional growth capital, with final voting results to be announced after scrutiny and disclosure on the company’s website and to the exchanges.

Globus Spirits Schedules Investor Meetings for December 2025

Globus Spirits Limited has announced a schedule for upcoming meetings with analysts and institutional investors, as part of its compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will hold a one-on-one meeting on December 18, 2025, in Delhi, utilizing their Q2FY26 Investor Presentation, which is already publicly available. This engagement is part of Globus Spirits’ ongoing efforts to maintain transparency and communication with its stakeholders, potentially impacting investor relations and market perceptions.

Globus Spirits Schedules Investor Meeting with Fidelity International

Globus Spirits Limited has announced a schedule for upcoming meetings with investors and analysts, as part of its compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will conduct a one-on-one meeting with Fidelity International in Delhi on December 1, 2025. The investor presentation for the second quarter of fiscal year 2026 is already publicly available and will be used in the meeting. This engagement highlights Globus Spirits Limited’s ongoing efforts to maintain transparency and communication with its stakeholders, potentially impacting investor relations and market perception.

Globus Spirits to Raise Rs. 500 Crores and Expand FPI Limit

Globus Spirits Limited’s Board of Directors has approved a plan to raise up to Rs. 500 Crores through the issuance of equity shares, utilizing various methods such as qualified institutions placement and private placement. Additionally, the company aims to increase the Foreign Portfolio Investors’ investment limit to 20% of its paid-up equity share capital, subject to shareholder approval at an upcoming Extraordinary General Meeting.