Som Distilleries And Breweries Ltd’s share surged 6% on Tuesday to reach a 52-week high of ₹ 275 apiece from the previous close price of ₹ 259. The company has a market capitalization of ₹ 2,056 crores.
Today’s stock price has risen as a result of the company’s overwhelming growth of acquiring a 42% market share in the beer industry in Madhya Pradesh (MP) in May 2023. At 12:30 pm, the stock was trading at ₹ 264.30 on the NSE, up 4.14 percent from its previous close.
In the past six months, the stock gained 87.50 percent from ₹ 142.03 to current levels, and in the previous year, the stock gained 292.96 percent from ₹ 67.73 to current levels. If an investor had invested ₹ 1 lakh in the company’s shares in the previous year, their holdings would be worth ₹ 3.92 lakhs today!
The Ace investor Dolly Khanna holds 9,91,429 shares in the firm as of the March 2023 quarter, equivalent to 1.28 percent.
Som Distilleries & Breweries Ltd was incorporated in 1993 and focuses on the manufacturing of beer and Indian-made foreign spirits. The company markets under the brand’s Hunter Extra Strong Premium Beer, Legend Premium Beer, and Legend Premium Lager Bee. The company exports its products to more than 24 countries across the world.
As per consolidated financial statements, the company’s net profit rose 150% to ₹ 15 crores and an 80% increase in net sales to ₹ 482 crores from ₹268 crores in Q4 March 2023 over Q4 March 2022.
Revenues increased significantly year on year, rising from ₹ 362 crores in FY 21-22 to ₹ 1,498 crores in FY 22-23. Similarly, over the same time period, PAT climbed by 760%, from a loss of ₹ 9 crore to a profit of ₹ 60 crore. For FY23, the debt-to-equity ratio was 0.65.
However, the BSE filing of the company’s insider trading data, shows that the promoter of the company is continuously buying shares of the company and increasing its stake very aggressively.
As per the shareholding pattern, promoters of the company hold a 33.11 percent stake, and retail investor holds a 65.79 percent stake in the company for FY 22-23.
Written by Omkar C
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