Globus Spirits Limited (GLOBUSSPR) AI Stock Analysis

• Market Cap: ₹25.15B
• Dividend Yield: 0.28%
• Average Volume (3M): 14.69K
• Price to Earnings (P/E): 25.2
• Beta (1Y): 1.72
• 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: 29,067,968
• 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: ₹891.00 ▼(-22.23% 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

Diversified revenue streams

Globus sells branded IMIL, manufactures extra neutral alcohol for internal use and external buyers, and provides bottling/contract manufacturing. This mix spreads demand and regulatory risk across product and customer types, improving capacity utilization and steadying revenue over time.

Consistent revenue growth

Reported revenue growth (~10.5%) and commentary of consistent top-line increases indicate expanding sales and market penetration. Durable revenue momentum supports reinvestment, scale benefits in production, and the ability to weather state-level regulatory cycles common in Indian alcohol markets.

Relatively strong gross and EBIT margins

Above-average gross and EBIT margins point to efficient cost management and pricing power, likely aided by in-house ENA production and operational scale. Sustained margins enhance internal cash generation capacity and provide buffer versus excise or input-cost volatility.

Negative Factors

Declining net profit margin

A falling net margin suggests rising interest, taxes, or non-operating costs that erode bottom-line conversion. Over months this weakens retained earnings and return metrics, reducing funds available for capex or deleveraging and making profitability more sensitive to volume shocks.

Negative free cash flow

Sustained negative free cash flow driven by heavy capex constrains liquidity and forces reliance on external financing or working-capital tradeoffs. If incremental investments don't accelerate cash generation, the firm may face limited financial flexibility and pressure on strategic investments.

Rising leverage and volatile ROE

An increasing debt-to-equity ratio raises fixed-interest obligations and financial risk in a regulated, state-led market. Coupled with fluctuating ROE, this signals uneven profitability and greater vulnerability to rate or demand shocks, potentially restricting capital allocation choices.

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 primarily makes money by producing and selling alcoholic spirits into regulated Indian liquor markets. Its core revenue stream is the sale of IMIL and other spirit products, typically sold through state-specific distribution systems where pricing, labeling, and route-to-market are governed by state excise policies; revenues therefore depend on product mix, state tenders/registrations, and achieved volumes and realizations. A second major revenue stream comes from manufacturing alcohol (e.g., extra neutral alcohol/rectified spirit) that can be used internally for the company’s own brands and sold to other buyers (such as other beverage alcohol companies) as a bulk input. The company also earns revenue through bottling/contract manufacturing services for third parties where it manufactures or bottles products under others’ brands and specifications. Profitability is influenced by key cost and operating drivers such as grain/molasses procurement (as applicable), energy costs, plant utilization, and state excise duties and regulatory changes that can materially affect demand, pricing, and working-capital cycles. Specific significant partnerships: null.

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	26.18B	25.37B	24.13B	21.08B	15.79B	12.30B
Gross Profit	6.42B	7.40B	6.75B	7.59B	6.62B	5.06B
EBITDA	1.93B	1.51B	1.80B	2.53B	3.34B	2.61B
Net Income	458.97M	233.34M	964.76M	1.22B	1.87B	1.44B
Balance Sheet
Total Assets	21.72B	20.93B	17.70B	15.90B	12.37B	9.93B
Cash, Cash Equivalents and Short-Term Investments	1.06B	701.23M	779.17M	350.93M	760.78M	594.50M
Total Debt	4.67B	5.27B	3.29B	2.91B	1.80B	1.87B
Total Liabilities	11.42B	11.02B	7.95B	7.03B	4.64B	4.02B
Stockholders Equity	10.32B	9.93B	9.74B	8.87B	7.72B	5.91B
Cash Flow
Free Cash Flow	1.44B	-1.41B	-48.48M	-1.04B	457.22M	523.51M
Operating Cash Flow	2.68B	671.31M	1.70B	1.02B	2.19B	1.42B
Investing Cash Flow	-1.47B	-2.08B	-1.64B	-1.97B	-2.18B	-979.72M
Financing Cash Flow	-1.06B	1.42B	-68.30M	709.91M	-236.98M	-149.35M

Globus Spirits Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1145.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Neutral. The current price of 1145.65 is above the 20-day moving average (MA) of 873.62, above the 50-day MA of 935.43, and above the 200-day MA of 1040.04, indicating a neutral trend. The MACD of -27.52 indicates Negative momentum. The RSI at 48.20 is Neutral, neither overbought nor oversold. The STOCH value of 58.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:GLOBUSSPR.

Globus Spirits Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ADFFOODS	64 Neutral	₹19.16B	24.99	―	0.57%	6.31%	-3.89%
LAOPALA	64 Neutral	₹20.43B	23.35	―	3.64%	-8.09%	-12.59%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
IFBAGRO	58 Neutral	₹7.07B	43.53	―	―	23.11%	1930.97%
DOLLAR	57 Neutral	₹14.75B	27.11	―	0.82%	11.71%	14.14%
GLOBUSSPR	56 Neutral	₹25.15B	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.