Som Distilleries & Breweries Limited, a manufacturer of beer and Indian made foreign liquor, has delivered exceptional returns to its shareholders in the past year, with its share price jumping over 200%. The company’s strong first quarter performance for FY24, with net sales and profits growing by 73.33% and 31.21% respectively, further reinforces its positive outlook. The company’s market share has seen outstanding growth in various markets, including Madhya Pradesh, Karnataka, and Odisha.
Furthermore, the latest insider trading data of the company shows that the promoter of the company is continuously buying shares of the company and increasing its stake very aggressively. The promoter’s stake in the company has increased by 1.35% in the last quarter, to 34.46%.
Som Distilleries & Breweries is one of the leading alcoholic beverages manufacturers in India engaged in the manufacturing and sale of Beer and Indian Made Foreign Liquor (IMFL). Som Distilleries owns brands such as Hunter Extra Strong Premium Beer, Legend Premium Beer, and Legend Premium Lager Beer. Its manufacturing facilities in Bhopal, spread over 20 acres in the Raisen district of Madhya Pradesh, have an annual capacity of 3.6 million cases.
Som Distilleries is well-positioned to capitalize on the growing demand for beer and IMFL in India, and its strong financial performance is a testament to its strong fundamentals.
Today, the stock opened at Rs 347.00, with a high and low of Rs 352.00 and Rs 344.85, respectively. The stock is currently trading at Rs 347.05, up by 0.26%. It has a 52-week high of Rs 364.40 and a 52-week low of Rs 102.14, with a market capitalization of Rs 2,681 crore. Additionally, the company has a ROCE of 15.6% and an ROE of 18.1%.
The stock has exhibited impressive growth, and investors should closely monitor it.
Disclaimer: This blog is intended solely for educational purposes. The mentioned securities are provided as examples and not as recommendations. This information is based on various secondary sources available on the internet and is subject to change. Please consult with an expert before making investment decisions.