Winsome Breweries

₹41.7 0.8 | 2%

WEBSITE BSE:526471 NSE : WINSOME BREW 18 May, 12:50

Market Cap ₹115 Cr.

Stock P/E -210.0

P/B 3.4

Current Price ₹41.7

Book Value ₹ 12.1

Face Value 10

52W High ₹41.7

Dividend Yield 0%

52W Low ₹ 9.7

Edit Ratio

Winsome Breweries Research see more...

Overview Inc. Year: 1992Industry: Breweries & Distilleries

Winsome Breweries Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Winsome Breweries Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	8	0	0	0	0	0	0	0	1	0
Other Income	3	1	0	0	0	0	0	0	1	0
Total Income	11	1	0	0	0	0	0	0	1	1
Total Expenditure	11	2	1	0	1	0	1	1	0	1
Operating Profit	-0	-0	-1	0	-0	-0	-0	-0	1	0
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	-0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-1	-1	-1	0	-1	-0	-0	-1	1	-0
Provision for Tax	0	0	0	-0	0	0	0	0	0	0
Profit After Tax	-1	-1	-1	1	-1	-0	-0	-1	1	-0
Adjustments	0	0	-0	-0	0	0	-0	0	0	0
Profit After Adjustments	-1	-1	-1	1	-1	-0	-1	-1	1	-0
Adjusted Earnings Per Share	-0.2	-0.2	-0.3	0.2	-0.2	-0.1	-0.2	-0.2	0.2	-0

Winsome Breweries Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	64	62	73	76	49	27	0	9	6	8	1	1
Other Income	1	1	3	3	7	11	3	8	11	5	2	1
Total Income	65	63	76	79	56	38	3	17	17	13	3	2
Total Expenditure	61	61	73	76	51	35	3	16	18	14	3	3
Operating Profit	4	3	2	3	5	3	-1	1	-1	-1	0	1
Interest	1	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	0	1	1	1	1	1	1	1	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1	1	2	2	4	2	-2	-1	-2	-2	-1	0
Provision for Tax	0	0	0	1	1	0	-1	-0	-1	-0	-0	0
Profit After Tax	1	1	2	1	3	1	-1	-1	-2	-1	-1	0
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	1	2	1	3	1	-1	-1	-2	-1	-1	-1
Adjusted Earnings Per Share	0.4	0.3	0.6	0.5	1.1	0.4	-0.3	-0.3	-0.7	-0.5	-0.3	-0.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-88%	-52%	-48%	-34%
Operating Profit CAGR	0%	-100%	-100%	-100%
PAT CAGR	0%	0%	NAN%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	310%	88%	62%	25%
ROE Average	-2%	-4%	-3%	1%
ROCE Average	-2%	-4%	-3%	2%

Winsome Breweries Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	30	31	32	34	38	39	39	37	36	34	33
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	8	7	7	8	3	2	1	1	0	0	0
Other Non-Current Liabilities	1	1	1	1	2	2	1	1	0	-0	-0
Total Current Liabilities	12	14	11	20	18	15	18	26	25	18	18
Total Liabilities	50	53	52	63	60	59	59	65	61	52	52
Fixed Assets	7	6	6	8	8	8	11	14	12	11	11
Other Non-Current Assets	2	4	16	17	16	20	18	15	15	12	11
Total Current Assets	41	43	30	38	36	31	30	37	34	29	30
Total Assets	50	53	52	63	60	59	59	65	61	52	52

Winsome Breweries Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	0	0	0	1	0	0	0	1	0
Cash Flow from Operating Activities	0	3	11	2	-3	3	2	-2	-0	-5	-2
Cash Flow from Investing Activities	0	-2	-11	-2	1	-3	-1	3	2	4	1
Cash Flow from Financing Activities	-1	-1	-0	-1	2	-1	-1	-1	-1	-0	1
Net Cash Inflow / Outflow	-0	0	-0	0	0	-0	-0	0	1	-0	-0
Closing Cash & Cash Equivalent	0	0	0	0	1	0	0	0	1	0	0

Winsome Breweries Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.39	0.28	0.56	0.51	1.06	0.42	-0.35	-0.3	-0.65	-0.51	-0.29
CEPS(Rs)	0.87	0.77	0.66	0.75	1.28	0.68	-0.05	0.19	-0.16	-0.16	0.17
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	10.77	11.05	11.6	12.11	13.78	14.21	13.97	13.55	12.9	12.38	12.1
Core EBITDA Margin(%)	4.38	1.97	-0.1	0.16	-5.42	-31.25	0	-77.19	-187.93	-65.19	-312.76
EBIT Margin(%)	3.42	1.95	3.03	3.36	8.31	6.99	0	-8.15	-38.31	-21.46	-161.21
Pre Tax Margin(%)	2.2	1.43	2.73	3.21	7.94	5.95	0	-9.92	-39.91	-21.86	-161.82
PAT Margin (%)	1.67	1.23	2.11	1.85	6.02	4.32	0	-9.03	-29.65	-16.83	-131.38
Cash Profit Margin (%)	3.74	3.44	2.49	2.71	7.3	6.92	0	5.76	-7.15	-5.37	76.63
ROA(%)	2.14	1.48	2.95	2.46	4.76	1.96	-1.64	-1.34	-2.87	-2.47	-1.56
ROE(%)	3.67	2.53	4.93	4.29	8.18	3.02	-2.48	-2.19	-4.94	-3.99	-2.39
ROCE(%)	5.74	3.14	5.62	6.28	8.98	3.87	-3.63	-1.58	-5.11	-4.1	-2.34
Receivable days	8.65	0.99	0.4	0.5	0.46	0	0	6.81	0	0	0
Inventory Days	25.71	27.76	19.66	18.9	31.94	0	0	127.65	189.43	0	0
Payable days	244.46	278.12	189.19	195.27	316.42	375.54	0	675.1	1362.64	1038.07	0
PER(x)	8.29	11.57	6.09	14.68	9.21	22.03	0	0	0	0	0
Price/Book(x)	0.3	0.29	0.29	0.62	0.71	0.65	0.29	0.19	0.3	1.02	0.9
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.27	0.27	0.24	0.37	0.76	1.3	0	1.8	3.05	5.05	55.14
EV/Core EBITDA(x)	5.01	6.44	6.99	8.83	7.9	13.57	-22.49	27.12	-19.27	-50.47	117.81
Net Sales Growth(%)	11.91	-3.27	17.95	4.26	-36.22	-44.44	-100	0	-33.86	36.08	-92.57
EBIT Growth(%)	12.95	-44.75	82.89	15.85	57.58	-53.26	-193.52	57.52	-211.03	23.75	44.21
PAT Growth(%)	163.82	-28.98	102.48	-8.88	108.06	-60.12	-182.69	13.78	-117.12	22.75	42.02
EPS Growth(%)	163.85	-28.99	102.5	-8.88	108.08	-60.13	-182.71	13.77	-117.1	22.75	42.02
Debt/Equity(x)	0.3	0.26	0.25	0.24	0.27	0.25	0.25	0.26	0.24	0.24	0.27
Current Ratio(x)	3.53	2.98	2.62	1.89	2.06	2.04	1.66	1.42	1.36	1.62	1.62
Quick Ratio(x)	3.09	2.68	2.31	1.68	1.82	2.04	1.66	1.3	1.24	1.62	1.62
Interest Cover(x)	2.79	3.74	10.22	21.79	22.16	6.69	-8	-4.6	-23.84	-54.16	-261.58
Total Debt/Mcap(x)	0.99	0.91	0.86	0.39	0.39	0.38	0.85	1.35	0.8	0.24	0.3

Winsome Breweries Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	44.97	44.97	44.97	44.97	44.97	44.97	44.97	44.97	44.97	44.97
FII	0	0	0	0	0	0	0	0	0	0
DII	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12
Public	54.91	54.91	54.91	54.91	54.91	54.91	54.91	54.91	54.91	54.91
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	1.52	1.52	1.52	1.52	1.52	1.52	1.52	1.52	1.52	1.52
Others	0	0	0	0	0	0	0	0	0	0
Total	2.77	2.77	2.77	2.77	2.77	2.77	2.77	2.77	2.77	2.77

Pros

Debtor days have improved from 1038.07 to 0days.
Company is almost debt free.

Cons

Promoter holding is low: 44.97%.
Company has a low return on equity of -4% over the last 3 years.
Stock is trading at 3.4 times its book value.
Earnings include an other income of Rs. 2 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.