The 3 reports from 1 analysts offering long term price targets
for Globus Spirits Ltd. have an average target of 400.00. The consensus estimate
represents an upside of 10.34%
from the last price of 362.50.
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...
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 reported strong results owing to a significant improvement in margin profile. Though revenues stayed flattish at | 271.5 crore, lower raw material cost led to 720 bps YoY improvement in gross margin to 42%. In spite of higher employee and other expenses, the company registered a 620 bps YoY improvement in EBITDA margin to 13%. Consequently, net profit...
We recently met the management of Globus Spirits (GSL), one of the leading players in the Indian made Indian liquor (IMIL) segment. Over the years, GSL has successfully got transformed from a grain-based bulk alcohol manufacturer to a 360 alcohol beverage (alcobev) segment player. GSL covers the entire value chain of alcohol manufacturing undertaking an array of operating activities from manufacturing extra neutral alcohol (ENA) to contract bottling to marketing and selling IMIL and Indian made foreign liquor (IMFL). GSL has a manufacturing capacity...
