Alcohol stock engaged in the business of manufacturing and distribution of liquor and other alcoholic beverages jumped upto 4 percent in the day’s trade after International Conveyors Limited picks stake in it.
Price Action
With a market capitalization of Rs. 2,434 Crores, the shares of Globus Spirits Limited were trading at Rs. 843.20 per equity share, up 3.7 percent from its previous day’s close price of Rs. 813.60.
What Happened
As part of its investment plans on November 18, 2024. International Conveyors Limited has acquired ~1.11 Lakh Equity shares of Globus Spirits Limited for a consideration of Rs. 9.13 Crores.
About the Company
Globus Spirits Limited is engaged in the business of manufacturing and distribution of Indian Made Indian Liquor, Indian Made Foreign Liquor, Bulk Alcohol, hand sanitizer, and Franchise Bottling, with a presence across 7 states.
It has a current portfolio of 11 brands and Some of the well-known brands sold by the company are, Governors Reserve Red, Oakton, Mountain Oak, White Lace, Globus Green, Not Out, Samurai, and many more.
Financials & Ratios
Its revenue from operations grew by 12.50 percent from Rs. 567.16 Crores in Q2FY24 to Rs. 638.06 Crores in Q2FY25, accompanied by profits of Rs. 13.06 Crores to Rs.1.28 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 10.3 percent and a return on capital employed (ROCE) of 9.46 percent. In terms of leverage, it has reported a debt-to-equity ratio of 0.42.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
