Globus Spirits Limited (GLOBUSSPR) AI Stock Analysis

• Market Cap: ₹25.03B
• Dividend Yield: 0.28%
• Average Volume (3M): 14.69K
• Price to Earnings (P/E): 25.2
• Beta (1Y): 1.81
• 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): 46.3
• Revenue Forecast (FY): ₹29.13B

• Rating: 56 Neutral
• Price Target: ₹890.00 ▼(-22.31% Downside)
• Action: Reiterated Date: 10/31/25
• Date: Action: Reiterated 10/31/25

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

Double-digit revenue growth (reported ~10.53%) and the income-statement note of consistent revenue increases indicate expanding market penetration and product traction. Durable top-line expansion supports capacity utilization, scale benefits, and funding of strategic initiatives over months.

Margin Efficiency

Relatively strong gross and EBIT margins point to efficient production and cost control. Combined with in-house production of extra neutral alcohol and contract bottling, margin resilience is supported by vertical integration and operational leverage, helping absorb input or regulatory cost shocks.

Capital Structure

A moderate debt-to-equity ratio and stable equity base imply a balanced leverage profile and sound capital structure. This preserves financial flexibility to fund capex cycles and working-capital needs, reducing refinancing pressure and supporting sustainable operations over the medium term.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow driven by elevated capital expenditure can constrain liquidity and limit discretionary investments. Over a multi-month horizon this pressure may force higher working-capital reliance, slower deleveraging, or restricted ability to pursue new growth projects without external funding.

Declining Net Margin / ROE Volatility

A declining net profit margin coupled with fluctuating ROE suggests rising costs, interest burden, or margin compression. This undermines earnings stability and shareholder returns, making performance more sensitive to input cost swings and regulatory shifts across states over the coming months.

Regulatory / State Market Exposure

Heavy reliance on state-specific excise regimes and tender/registration outcomes creates structural demand and pricing risk. Persistent variability in state policies and route-to-market rules can alter volumes, pricing, and working-capital timing, producing sustained revenue and margin volatility across quarters.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 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: Positive

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 932.38, above the 50-day MA of 969.10, and above the 200-day MA of 1047.10, indicating a bearish trend. The MACD of -31.83 indicates Positive momentum. The RSI at 34.26 is Neutral, neither overbought nor oversold. The STOCH value of 16.07 is Positive, 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
DOLLAR	69 Neutral	₹15.33B	27.11	―	0.82%	11.71%	14.14%
IFBAGRO	65 Neutral	₹7.20B	43.53	―	―	23.11%	1930.97%
ADFFOODS	64 Neutral	₹20.82B	24.99	―	0.57%	6.31%	-3.89%
LAOPALA	64 Neutral	₹21.83B	23.35	―	3.64%	-8.09%	-12.59%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
GLOBUSSPR	56 Neutral	₹25.03B	25.16	―	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.