Globus Spirits Ltd. News and Updates

Name: Latest research reports of Globus Spirits Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Globus Spirits Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Globus Spirits Ltd. from all sources in a single place.

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Globus Spirits Ltd.

17 Jun 2021

938.90

-0.19%

Globus Spirits

Buy: Globus Spirits Ltd.

Target

ICICI Securities Limited

While FY21 saw overall muted utilisation levels (86% vs. 91% in FY20), resumption of business in H2 again saw utilisation peaking to 90%+ levels. Also, while the company's 140 klpd West Bengal plant is on track (completion by Q2 end), the management is planning to embark on further expansion of the plant (completion by next year) by another 140 klpd (280 klpd in total) and would require investment of | 110 crore (via internal accruals). The management also plans to construct two other plants in Jharkhand and Bihar (220 klpd in total) by FY23, at an outlay of | 225 crore...

Globus Spirits Ltd. is trading below all available SMAs

Globus Spirits Ltd.

16 Jun 2021

938.90

-0.19%

Globus Spirits hits new high; advances 28% in a week on strong Q4 results

Business Standard

In Q4FY21, the company's Ebitda margin grew by over 1,140 bps YoY to 24.9 per cent, on account of higher share of consumer business, and better realizations on ENA and ethanol

Globus Spirits Ltd. is trading below all available SMAs

Globus Spirits Ltd.

08 Feb 2021

938.90

-0.19%

Globus Spirits Consolidated December 2020 Net Sales at Rs 316.39 crore, down 11.32% Y-o-Y

Moneycontrol

NULL

Globus Spirits Ltd. is trading below all available SMAs

Globus Spirits Ltd.

17 Nov 2020

938.90

-0.19%

Buy Globus Spirits; target of Rs 400: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Globus Spirits recommended buy rating on the stock with a target price of Rs 400 in its research report dated November 12, 2020.

Globus Spirits Ltd. is trading below all available SMAs

Globus Spirits Ltd.

12 Nov 2020

938.90

-0.19%

Globus Spirits

Buy: Globus Spirits Ltd.

Target

ICICI Securities Limited

Utilisation reached ~95% in Q2 (sharp increase from Q1 levels). While utilisation is expected to remain at peak levels, the company is embarking on a capex programme to increase the overall capacity by ~5 crore litre (increase of ~25%) with an outlay of | 95 crore (as per the management, 40% lower capex than a facility of similar size). The facility would be put up in West Bengal (ENA deficit state) and is expected to be commercialised in Q2FY22. Long term ethanol procurement by Government of India is expected to keep stronger ENA realisation while newer product launches...

Globus Spirits Ltd. is trading below all available SMAs

Globus Spirits Ltd.

09 Sep 2020

938.90

-0.19%

Globus Spirits hits record high in a weak market; surges 67% in 1 month

Business Standard

In Q1FY21, the company's Ebitda margin grew by 785 basis points YoY to 18.0 per cent on account of higher ENA realisations and softening raw material and fuel prices

Globus Spirits Ltd. is trading below all available SMAs

Globus Spirits Ltd.

26 Aug 2020

938.90

-0.19%

Buy Globus Spirits; target of Rs 220: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Globus Spirits recommended buy rating on the stock with a target price of Rs 220 in its research report dated August 26, 2020.

Globus Spirits Ltd. is trading below all available SMAs

Globus Spirits Ltd.

26 Aug 2020

938.90

-0.19%

Globus Spirits

Buy: Globus Spirits Ltd.

Target

ICICI Securities Limited

Ensuring stable performance due to diverse segments GSL covers entire value chain of alcohol manufacturing undertaking an array of operating activities from manufacturing extra neutral alcohol (ENA) to contract bottling of Indian made foreign liquor (IMFL), to marketing & selling IMIL and several by-products. IMIL (~36% of net revenue in FY20) includes Rajasthan as the dominant contributor (~75-80% of IMIL revenues, ~30% market share in the state). Also, the company's JV Unibev' (90% owned, 10% owned by former USL MD Vijay Rekhi) has launched three IMFL liquor...

Globus Spirits Ltd. is trading below all available SMAs

Globus Spirits Ltd.

25 Aug 2020

938.90

-0.19%

Globus Spirits nears 52-week high post Q1 nos; stock up 91% so far in FY21

Business Standard

The company's consolidated net profit jumped 161.4 per cent to Rs 18.72 crore during the quarter under review, compared to Rs 7.16 crore profit in the year-ago period

Globus Spirits Ltd. is trading below all available SMAs

Globus Spirits Ltd.

18 Jun 2020, 06:08PM

938.90

-0.19%

Buy Globus Spirits; target of Rs 160: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Globus Spirits has recommended buy rating on the stock with a target price of Rs 160 in its research report dated June 18, 2020.

Globus Spirits Ltd. is trading below all available SMAs

Is Globus Spirits Ltd. worth buying?

336 Votes:

Buy 82.44%

Sell 12.2%

Hold 5.36%

31.45% Fall from 52W High

Globus Spirits Ltd. News and Updates

Keep track of all breaking news on Globus Spirits Ltd. from all sources in a single place.