Report as on 5 July 2023 at 01:08 AM

HIGH
MANAGEMENT EFFICIENCY
Low Debt Globus
Spirits
Healthy Growth in
Long Term Operating Profits Buy

Bullish CMP: 1,290.20

Technical Trend
STOCK INFO:

Very Attractive
BSE – 533104/ NSE – GLOBUSSPR
Market Cap - Small Cap (Rs. 3,641 cr)
Sector – Breweries
Valuation 52 w H/L (Rs.) – 1311.3/700
Dividend Yield: 0.24%
Debt Equity: 0.14%
Return on Equity: 30.37%
Price to Book: 6.26

www.marketsmojo.com
Globus Spirits
CMP: 1,290.20 Buy 75
Report as on 5 July 2023 at 01:08 AM
Strong Sell Sell Hold Buy Strong Buy

This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and a
violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

WHY IT’S A BUY? IS THIS STOCK FOR YOU?

High Risk, High Return (1 Year)
High Management Efficiency with a high ROCE of
21.94% Absolute Risk Volatility
Adjusted
Strong ability to service debt as the company has Globus Spirits 37.34% 0.99 37.63%
a low Debt to EBITDA ratio of 1.18 times SENSEX 23.00% 1.95 11.81%
Healthy long term growth as Operating profit How much should you buy? -
has grown by an annual rate 41.57% Overall Portfolio exposure to Globus Spirits should be
less than 10%
Stock is technically in a Bullish range
Overall Portfolio exposure to Breweries should be less
-The technical trend has improved from Mildly
than 30%
Bullish on 20-Jun-23 and has generated 3.27%
(If sector exposure > 30%, please use optimiser tool to
returns since then see which are the best stocks to hold in Breweries)
-Multiple factors for the stock are Bullish like MACD, When to exit? - We will constantly monitor the company
Bollinger Band and KST and suggest at the appropriate time to exit from the
stock
With ROCE of 40.6, it has a Very Attractive
valuation with a 5.7 Enterprise value to Capital RETURNS SUMMARY (Price + Dividend)
Employed The stock gave a total returns of 37.65% in the last 1 year
-The stock is trading at a discount compared to its Outperforming Sensex returns of 23.00%
average historical valuations 2000%
-Over the past year, while the stock has generated a
return of 37.34%, its profits have fallen by -34.7% 1000%

Increasing Participation by Institutional 0%

Investors
-Institutional investors have increased their stake by -1000%
2.47% over the previous quarter and collectively
O 20

F e 20

O 21

F e 21

N 22
Ja 2 2
D 20

Ju 1

D 21
Au 20

Se 2

3
Ap 1

M 22
M -2 2

M -2 3
Ju 2

Ju 3
Au 21

M 23
r-2

l- 2

l- 2
2

-2

-2
g-

g-

p-

-
-

-
l-

b-

b-
n-

n-

hold 10.24% of the company

ec

ec

ov
ct

ct

ar

ar
ay

ay
Ju

-These investors have better capability and

Globus Spirits Ltd SMLCAP
resources to analyse fundamentals of companies
than most retail investors
Investors Returns (3 years) –

Period 6M 1Y 2Y 3Y
Stock (%) 55.61% 37.65% 72.91% 924.73%
WHAT ARE YOUR RISKS?
Sector (%) 12.77% 12.77% 80.07% 145.96%
Flat results in Mar 23
Sensex (%) 7.95% 23.00% 24.76% 81.78%
-PAT(HY) At Rs 62.78 cr has Grown at -20.62 %

MOJO PROFESSIONAL 1
Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

BEFORE PROCEEDING AHEAD

This Real-Time Stock Analysis service is only for
PAID SUBSCRIBERS of www.marketsmojo.com

This Real-Time Stock Analysis Report was

generated on 5th July, 2023 at 01:08 AM, and may
not be valid if you are reading it later.

Some factors/data, as well as the buy/sell/hold call

might have changed.

To access the LATEST version of this report.

Click Here

MOJO PROFESSIONAL 2
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

MANAGEMENT RISK

HIGH MANAGEMENT EFFICIENCY WITH A

HIGH ROCE OF 21.94%

ROCE
The company has been able to generate a Return on Capital
21.94% ROCE
Employed (avg) of 21.94% signifying high profitability per unit
of total capital (equity and debt)

Dividend Payout Ratio

An average Dividend Pay-out ratio of 14.14% may signify the
14.14%
Dividend Payout Ratio
company is not able to payback profits to shareholders at this
point

Tax Ratio
High Tax Ratio signifies that the profits generated by the
31.92% Tax Ratio
company are real and it is making adequate contributions
towards by paying due taxes

Institutional Holding
Average Institutional Holdings at 10.24%- These investors have
10.24%Institutional Holding
better capability and resources to analyse fundamentals of
companies than most retail investors

MOJO PROFESSIONAL 3
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

CAPITAL STRUCTURE

STRONG ABILITY TO SERVICE DEBT AS THE

COMPANY HAS A LOW DEBT TO EBITDA
RATIO OF 1.18 TIMES
Total Debt Debt to Equity Ratio
Low Debt to Equity Ratio Mar 2023 142.18 0.37
Company’s average Debt to Equity ratio over the past few years Mar 2022 142.18 0.40
is low at 0.37 times
Mar 2020 136.89 0.51
No clear trend in Debt to Equity Ratio numbers Mar 2019 185.16 0.51

Total Debt Debt to EBITDA Ratio

Low Debt to EBITDA Ratio Mar 2023 142.18 1.18
Company’s average Debt to EBITDA ratio over the past few Mar 2022 142.18 1.18
years is low at 1.78 times
Mar 2020 136.89 2.73
No clear trend in Debt to EBITDA Ratio numbers Mar 2019 185.16 3.03

Total Debt EBIT to Interest

Healthy EBIT to Interest Mar 2023 142.18 7.19
Company has healthy average EBIT to Interest ratio of 7.19 Mar 2022 142.18 7.19
times
Mar 2020 136.89 2.15
No clear trend in EBIT to Interest numbers Mar 2019 185.16 1.63

MOJO PROFESSIONAL 4
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

GROWTH

HEALTHY LONG TERM GROWTH AS

OPERATING PROFIT HAS GROWN BY AN
ANNUAL RATE 41.57%

Net Sales of 19.8% CAGR 3000Cr

19.8% Company has experienced an increase

in its Net Sales in each of the past 4 2,109
CAGR consecutive years
2000Cr
1,579
Company’s Net Sales growth has
1,163
increased in each of the past 4 984
1000Cr 855
consecutive years
Net Sales has seen a high growth of
33.57% over previous period
0Cr
Mar 2018 Mar 2019 Mar 2020 Mar 2022 Mar 2023

High Growth in Operating 400Cr

Profit of 41.6% CAGR

41.6% Company’s Operating Profit has fallen
300Cr 286

CAGR after increasing for 3 consecutive

periods 200Cr 189

Company’s Operating Profit growth

has fallen after increasing for 3 100Cr
95

consecutive periods 33
58

Operating Profit has seen a high fall of 0Cr

-33.92% over previous period Mar 2018 Mar 2019 Mar 2020 Mar 2022 Mar 2023

Net Profit of 77.3% CAGR 200Cr 187

77.3% Company’s Net Profit has fallen after

increasing for 3 consecutive periods 150Cr
CAGR 122
Company’s Net Profit growth has
fallen after increasing for 3 100Cr

consecutive periods 59
Net Profit has seen a high fall of - 50Cr
30
34.76% over previous period
6
0Cr
Mar 2018 Mar 2019 Mar 2020 Mar 2022 Mar 2023

MOJO PROFESSIONAL 5
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

TECHNICALS

STOCK IS TECHNICALLY IN A BULLISH

RANGE
Bullish Daily Moving Averages indicating near term price strength
Current Price 50 Day Moving Average 200 Day Moving Average

1,290.20 1,059.65 883.61

Factors with upward momentum

Indicator Technical Trend
MACD Bullish (weekly)
MACD Bullish (monthly)
Bollinger Band Bullish (weekly)
Bollinger Band Bullish (monthly)
KST Bullish (weekly)
Dow Theory Mildly Bullish (weekly)

Consistent Returns over the last 3 years

3 Months 1 Year 3 Years
920.32%
37.34%
63.35%

22.43%

13.14% 90.44%

Stock BSE 500 Stock BSE 500 Stock BSE 500

MOJO PROFESSIONAL 6
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

VALUATION

WITH ROCE OF 40.6, IT HAS A VERY

ATTRACTIVE VALUATION WITH A 5.7
ENTERPRISE VALUE TO CAPITAL
EMPLOYED
Expensive

Very Attractive Radico Khaitan

valuation
United
UnitedBreweries
Spirits Sula Vineyards

Valuation

as compared to its Fundamentals Globus Spirits

Attractive
Weak Fundamental Strong

Attractive
Enterprise value to Capital Employed vs ROCE
48 6
Fundamental

Valuation
as compared to its 24 3

past valuations
0 0

3
19

20

21

22
8

02
01

01

02

02

02
20

20

20

20

l- 2
-2

-2

-2

-2

-2
n-

n-

n-

n-
ec

ec

ec

ec

ec

Ju
Ju

Ju

Ju

Ju
D

Company Valuation Price to Book PE Ratio PEG Ratio Dividend

Ratio Yield
Key
Valuation Globus Spirits Very Attractive 6.4 20.9 0 0.2%
Multiples United Spirits Expensive 11.1 56.9 1.7 0%
vs Peers United Breweries Expensive 10.1 131.9 0 0.7%
Radico Khaitan Very Expensive 8.1 81 0 0.2%
Sula Vineyards Expensive 6.7 42.4 0 1.2%

MOJO PROFESSIONAL 7
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

SHAREHOLDING

INSTITUTIONAL INVESTORS INCREASE

STAKE BY 2.47 %
Institutional investors have increased their stake by 15%

2.47% over the previous quarter and collectively hold

10.24% of the company
10.24%
These investors have better capability and resources 10%

to analyse fundamentals of companies than most 6.98%

7.77%

retail investors 6.28% 6.43% 6.43%

5%

0%
Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23

FIIs
4.75%
Non Institution
38.75%
Shareholding Snapshot : Mar 23
Majority shareholders : Promoters
Mutual Funds
1.47% Pledged Promoter Holdings : None

Other DIIs Mutual Funds : Held in 1.00 Schemes (1.47%)

4.02%
FIIs : Held by 10 FIIs (4.75%)
Promoters
51.01% Promoter with highest holding : Chandbagh Investments Ltd (38.95%)
Highest Public shareholder : Massachusetts Institute Of Technology
(3.82%)
Individual Investors Holdings : 29.01%

MF
2%

holding has increased by 1.5%

1.47%

1.47%
Number of MFs holding stake in the company has 1%
increased to 1 from 0
0.5% 0.35% 0.35%

0.00% 0.00%
0%
Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023

MOJO PROFESSIONAL 8
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

RETURNS

CONSISTENT RETURNS OVER THE LAST 3

YEARS
Along with generating 1500%
37.34% returns in the last 1
year, the stock has 1000%

37.34% outperformed BSE 500 in 500%

each of the last 3 annual 0%

UP periods
-500%

O 20

F e 20

Se 21
N 21
Ja 2 1

O 22

F e 22
D 20

Ju 2 1

D 22

Ju 2 3
Au 20

Au 22
Ap 21

M -2 2

Ap 23
Ju 2
Au 21

M 22

23
-2
g-

g-
p-

g-

-
-

r-

r-
l-

l-
b-

b-
n-

n-

n-
ec

ov

ec
ct

ct
ar
ay
Ju
Globus Spirits Ltd BSE500

Inconsistent Performance against Small Cap

companies
Globus Spirits Ltd has not been a consistent
performer in the YTD

1st
Quartile
4th
Quartile
1st
Quartile
Stock has been in the 4th quartile in 2022
and in 1st in YTD period

YTD 2022 2021

53.62% -34.53% 297.69%

Company 1 Month 3 Month 1 Year 3 Years

Return Globus Spirits 16.7% 63.35% 37.34% 920.32%

Comparison Varun Beverages -5.42% 13.69% 104.8% 423.86%
with Peers
United Spirits 4.89% 22.19% 15.08% 55.89%
Closest peers by
market cap United Breweries 4.52% 5.84% -1.92% 46.11%
Radico Khaitan 10.97% 12.81% 49.47% 259.75%

MOJO PROFESSIONAL 9
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

FACTORS
NOT WORKING
FOR THE COMPANY


MOJO PROFESSIONAL 10
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

FINANCIAL TREND

Near term PAT trend is negative

79.09
-20.6% PAT (Rs Cr)
At Rs 62.78 cr has Grown at -20.62 % 59.41 62.78

Half Yearly PAT Year on Year (YoY)

Growth

Mar 2022 Sep 2022 Mar 2023

Increased income from non 2.77

Rs 2.8 cr business activities may not be 2.1

sustainable 1.81
1.71
Non Operating
Non Operating Income 1.24
Income -
Highest at Rs 2.77 cr
Quarterly
in the last five quarters

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023

Mar'23 Dec'22 Change%

Net Sales 541.0 592.4 -8.7%
Key Operating Profit (PBDIT) excl Other Income 73.3 58.8 24.6%
Result Interest 7.3 5.0 44.1%
Highlights Exceptional Items 0.0 0.0
Standaloned Net Profit 35.8 26.9 33.0%
Operating Profit Margin (Excl OI) 13.5 9.9 3.6%
Standalone- figures in Rs
Cr

MOJO PROFESSIONAL 11
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

RESULT
ANALYSIS 

MOJO PROFESSIONAL 12
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

ANNUAL RESULT

NET SALES - YOY GROWTH IN YEAR ENDED

MAR 2023 IS 33.55% VS 28.86% IN MAR
2022
Standaloned Net Profit: YoY Growth in year ended Mar 2023 is -34.75% vs 58.35% in Mar
2022
Operating Profit (PBDIT) excl Other Income: YoY Growth in year ended Mar 2023 is -
25.27% vs 25.16% in Mar 2022
Interest: YoY Growth in year ended Mar 2023 is 48.82% vs -39.23% in Mar 2022 33.55%
Operating Profit Margin (Excl OI): YoY Growth in year ended Mar 2023 has fallen from Mar NET SALES
2022

Mar'23 Mar'22 Change(%)

Net Sales 2,109.06 1,579.17 33.55%
Key Operating Profit (PBDIT) excl Other Income 245.58 328.62 -25.27%
Annual Interest 17.01 11.43 48.82%
Results Exceptional Items 0.00 0.00
Standaloned Net Profit 122.20 187.27 -34.75%
Operating Profit Margin (Excl OI) 11.64 20.81 -9.17%
Figures in Rs Cr | Seasonal companies are compared with the same quarter last year

Net Sales-YoY Growth in year ended Mar 2023 is 33.55% vs Standaloned Net Profit-YoY Growth in year ended Mar 2023
28.86% in Mar 2022 is -34.75% vs 58.35% in Mar 2022
4000 200 187.27

118.26 122.20
2,109.06
2000 1,579.17 100
1,163.04 1,225.52 59.31
984.32
30.57

0 0
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023

Operating Profit (PBDIT) excl Other Income-YoY Growth in Operating Profit Margin (Excl OI)-YoY Growth in year ended
year ended Mar 2023 is -25.27% vs 25.16% in Mar 2022 Mar 2023 has fallen from Mar 2022
500 40

328.62
262.57 245.58 21.43 20.81
250 20
133.07 9.57 11.44 11.64
94.23

0 0
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023

Figures in Rs Crore

MOJO PROFESSIONAL 13
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

BALANCESHEET AND CASHFLOW

BALANCE SHEET AND CASH FLOW

ANALYSIS

58.18% Borrowings
Mar'23
275.21
Mar'22
173.99
Change%
58.18%

Increase
Other Long Term Liabilities 13.81 6.75 104.59%
Fixed Assets 896.66 747.69 19.92%
Investments 0.00 0.00
in Borrowings in quarter Current Assets 509.42 387.06 31.61%
ended Mar 2023 vs in
Figures in Rs Cr
Mar 2022

Other Long Term Liabilities: YoY Growth in year ended Mar 2023 is 104.59% vs -12.34% in Mar 2022
Fixed Assets: YoY Growth in year ended Mar 2023 is 19.92% vs 23.64% in Mar 2022
Investments: No Investments in the last few periods;
Current Assets: YoY Growth in year ended Mar 2023 is 31.61% vs 27.38% in Mar 2022

Cash From Operation - YoY Growth in year ended Mar

-41.47% 2023 is -41.47% vs 54.52% in Mar 2022
Mar'23 Mar'22 Change%
GROWTH Cash Flow from Operating Activities 128.05 218.79 -41.47%
Figures in Rs Cr

300

218.79
200
154.02
141.59
128.05

100
61.34

0
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023

MOJO PROFESSIONAL 14
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

PEER COMPARISION

PEER COMPARISON
Globus Spirits Radico Khaitan Sula Vineyards Tilaknagar Inds. Som Distilleries
Size
Market Cap (Cr.) 3,718 17,845 3,742 2,897 2,241
Annual Sales (TTM) (Cr.) 1,371 3,143 493 1,164 804
Annual Net Profit (TTM) (Cr.) 178 220 88 150 60
Growth Factors (TTM)
Net Sales Growth 1 year 33.6% 9.3% 0.3% 48.6% 121.6%
Operating Profit Growth 1 year -33.8% -14.8% 59% 32.1% 8158%
Net Profit Growth 1 year -34.7% -16.3% 81% 368.9% 712.2%
Net Sales Growth 5 year 19.8% 9% 26.9% 17.8% 18.1%
Operating Profit Growth 5 year 41.6% -3.4% 114.8% 38.2% 8.5%
Net Profit Growth 5 year 77.3% -3.9% 848.4% 24.5% 19%
Capital Structure Factors
EBIT to Interest 15.4 13 6.8 2.6 5.3
Debt to EBITDA 1.2 2.1 1.2 1.9 2.6
Net Debt to Equity 0.3 0.3 0.3 0.4 0.5
Sales to Capital Employed 2 1.1 0.7 1.7 1.6
Management Quality Factors
ROCE (latest) 40.6% 10.2% 18.3% 15.6% 16.6%
ROE(latest) 30.4% 10% 15.9% 31% 18.3%

Tax Ratio 31.9% 25.6% 25.3% -0% 14.4%

Operating CF to Net Profit 105.4% 84% 89.2% 203.7% -104.4%
Dividend Payout Ratio 14.1% 15.2% 79.7% 3.5% -
Valuation Factors
PE Ratio 20.9 81 42.4 19.3 37.2
Price to Book 6.4 8.1 6.7 6 6.8
PEG Ratio - - - 0.1 0.1
Dividend Yield 0.2% 0.2% 1.2% 0.1% 0.1%
EV to EBITDA 12.1 51.5 25.1 22.5 24.4
EV to Capital Employed 5.7 6.5 5.4 4.6 4.9
Shareholding
Promoter Holdings 51% 40.3% 27.3% 41.5% 34.3%
Promoter Pledged Holdings - - 9.6% 77.5% -
Total Institutional Holding 10.2% 42.2% 17.6% 10.7% 1%
FII Holdings 4.8% 18.6% 5.9% 10.7% 0.9%
Returns
1 Month 16.2% 10.5% 3.2% 0% 26.2%
3 Months 62.7% 12.3% 19.1% 34.3% 90.3%
YTD 53% 30.5% 34.2% 40.5% 145.7%
1 Year 36.8% 48.8% - 102.8% 312%
3 Years 916.3% 258.2% - 705% 726.8%

MOJO PROFESSIONAL 15
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

COMPANY BACKGROUND

COMPANY BACKGROUND

About the Company

Globus Spirits Ltd is one of the leading players in the Alcohol industry in North
INDUSTRY : Breweries India. The company is engaged in the business of manufacture, marketing and sale
of Industrial Alcohol comprising Rectified Spirit and Extra-Neutral Alcohol, Country
Liquor, and Indian Made Foreign Liquor (IMFL). The company has two distilleries,
3,641 cr (Small Cap) one at Alwar in Rajasthan and the other at Panipat in Haryana.

Board of Directors
Ajay Kumar Swarup Managing Director

Manik Lal Dutta Executive Director

Santosh Kumar Bishwal Independent Director

Bhaskar Roy Executive Director & COO

Shekhar Swarup Joint Managing Director

6 more board of directors

Company Coordinates

Company Details: Registrat Details:

F-0, Ground Floor, The Mira Corporate Suites, Plot No. 1 & 2, Link Intime India Pvt Ltd, A-40, 2nd Floor, Naraina Industrial
Ishwar Nagar, Mathura Road, New Delhi New Delhi : 110065 Area , Phase II, Near Batra Banquet Hall, New Delhi
Tel: 011-66424600 Fax: 011-41410591
Fax: 011-66424629 Email: delhi@linkintime.co.in
Email: santoshp@globusgroup.in
Website: www.globusspirits.com

MOJO PROFESSIONAL 16
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

MOJO PROFESSIONAL FEATURES

WITH MOJO PROFESSIONAL GET

UNLIMITED ACCESS TO-

1
STOCK SCORE, Buy/Hold/Sell calls on ALL listed companies
Get Buy/Sell/Hold calls on all 4000 listed stocks with detailed rationale and research reports

2
MODEL PORTFOLIOS, Choice of 3 Outperforming portfolios
Invest in your choice of 3 model portfolios, with an impeccable track record. We will create it and
track it for you. All you have to do is decide the amount you want to invest, choose your risk profile
and start

3
MOJO STOCKS, Top 1% stocks
Invest in your choice of 3 model portfolios, with an impeccable track record. We will create it and
track it for you. All you have to do is decide the amount you want to invest, choose your risk profile
and start

4
PORTFOLIO SERVICES, active advice on your portfolio
Upload your portfolio in seconds from any broker and this unique feature helps you to weed out
underperforming companies and invest in better quality companies. We track & advise you on your
portfolio, 24/7

5
STOCK OF THE MONTH, the best stock to invest each month
Every month – If you want to buy the best 1 stock to buy, which will it be? Every 10th of the month,
you will receive a handpicked stock from our CIO-Sunil Damania.

6
SCREENERS, make your own stock selection model
Want to select companies based on your favorite parameters? Our 2 powerful screeners will help you
to do the same across hundreds of pre chosen parameters you can pick from. Make your own
formula

7
VERDICT, real time research reports on all listed companies
Real Time research service across all companies. The detailed research report changes every minute,
taking into account of all the things that affect a stock. Research your stock and also get alternatives
to betters stock in the same Industry/Market Cap.

8
SWITCHER How to Switch to better stocks
Real Time research service across all companies. The detailed research report changes every minute,
taking into account of all the things that affect a stock. Research your stock and also get alternatives
to betters stock in the same Industry/Market Cap.

Visit www.marketsmojo.com for more information

MOJO PROFESSIONAL 17
This research report has been created by www.marketsmojo.com exclusively for tevoke3646@eimatro.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Globus Spirits BUY | Report as on 5 July 2023 at 01:08 AM

DISCLAIMER

DISCLAIMERS
Mojo Markets Private Limited (“the Company”), which owns marketsmojo.com (“the website”) is engaged in the
business of operating the website.

This research report (“Report”) is for the personal information of the authorized recipients and is not for public
distribution and should not be reproduced or redistributed to any other person or in any form without the Company’s
prior permission. The information provided in the Report is from publicly available data, which we believe, are reliable.
While reasonable endeavors have been made to present reliable data in the Report so far as it relates to both current
as well as historical information, the Company does not guarantee the accuracy or completeness of the data in the
Report. Accordingly, neither the Company nor its shareholders, directors, officers, employees, advertisers, content
providers and licensors are responsible either jointly or severally for any loss or damage that may arise to any person
from any inadvertent error in the information contained, views and opinions expressed in the research reports.

Investment in securities is subject to market risks. Past performance should not be construed as a guarantee for future
returns and no representation or warranty, express or implied, is made regarding future performance. Investments in
equity and equity related securities involve a high degree of risks and the users should be clearly aware that prices of
securities as well as the income derived from these securities can fall as well as rise.

The Report also includes the analysis and views of our research team. The Report is purely for information purposes
and should not be construed as an investment recommendation or advice or an offer or solicitation of an offer to buy
or sell any securities.

The opinions expressed in the Report are those as on the date of the Report and are liable to change from time to time
without notice. The Company or any persons connected with it do not accept any liability arising from the use of this
Report.

Investors should not solely rely on the information contained in this Report and must make investment decisions
based on their own investment objectives, judgment, risk profile and financial position. The recipients of this Report
should take professional advice before acting on this information.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of
or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use
would be contrary to local law, regulation or which would subject the Company and its affiliates to any registration or
licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all
jurisdictions or to all category of investors.

The Company is also a SEBI registered Investment Advisor (“IA”). The Company and its associates do not own any
securities of the subject company/ies mentioned in the report as on the date of this research report.

The Research team engaged in the preparation of this Report and/or their relatives collectively did not own more than
1% of the equity in the subject company/ies mentioned in this Report (unless otherwise mentioned in such Report) nor
did they have any other material conflict of interest on the date of this Report.

None of the members of the research team engaged in preparation of this Report (unless otherwise mentioned in such
Report) have served as an officer, director or employee of the subject company in the past twelve months.

No disciplinary action has been taken on the Company by any regulatory authority which can impact the Equity
Research Analysis.

We hereby expressly disclaim any implied warranties imputed by the laws of any jurisdiction other than Mumbai. We
consider ourselves and intend to be subject to the jurisdiction only of the courts of the Mumbai in India and we shall
be governed only by the laws as applicable in India. Even though the site has global access, we are not governed by any
laws of any jurisdiction other than India.

MOJO PROFESSIONAL 18