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Founded By: Ankur Jain in 2015.Subsidiaries: Includes Kamakhya Beer & Bottling Private Limited, B9 Beverages INC (USA), and others across various countries.Recent Performance: Bira 91 reported a turnover of approximately ₹824.3 crore for FY 2022-23, marking a 15% increase in operating revenue compared to the previous year.Investment ConsiderationsGrowth Potential: Bira 91 is well-positioned in the craft beer market and has a strong brand presence, which may lead to significant growth as the market expands.Liquidity Risk: As an unlisted company, shares may have lower liquidity compared to listed companies, making it potentially more challenging to find buyers when selling shares.Price Volatility: The price of Bira unlisted shares can be volatile due to limited trading activity and varying demand.Regulatory Risks: Changes in regulations affecting unlisted companies could impact share value and tradeability.IPO Plans: Bira 91 has plans for an IPO, which could provide liquidity options for current shareholders once the lock-in period is complete.Investing in Bira 91 unlisted shares presents a unique opportunity in the growing craft beer segment. However, potential investors should conduct thorough research and consider the associated risks before making investment decisions.
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 428.2 | 717.77 | 824.32 | - |
| Cost of Material Consumed | 87.17 | 164.4 | 265.38 | - |
| Gross Margins | 79.64 | 77.1 | 67.81 | - |
| Change in Inventory | 4.48 | 68.44 | -26.27 | - |
| Employee Benefit Expenses | 62.96 | 90.71 | 114.98 | - |
| Other Expenses | 378.01 | 567.45 | 710.29 | - |
| EBITDA | -104.42 | -173.23 | -240.06 | - |
| OPM | -24.39 | -24.13 | -29.12 | - |
| Other Income | 34.61 | 15.98 | 24.39 | - |
| Finance Cost | 76.2 | 87.72 | 96.59 | - |
| D&A | 74.24 | 90.09 | 121.41 | - |
| EBIT | -178.66 | -263.32 | -361.47 | - |
| EBIT Margins | -41.72 | -36.69 | -43.85 | - |
| PBT | -211.28 | -335.07 | -433.69 | - |
| PBT Margins | -49.34 | -46.68 | -52.61 | - |
| Tax (2021) | 0 | 0 | 11.78 | - |
| PAT | -211.28 | -335.07 | -445.47 | - |
| NPM | -49.34 | -46.68 | -54.04 | - |
| EPS | -159.22 | -69.51 | -79.56 | - |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | -24.39 | -24.13 | -29.12 | - |
| Net Profit Margin | -49.34 | -46.68 | -54.04 | - |
| Earning Per Share (Diluted) | -159.22 | -69.51 | -79.56 | - |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 76.36 | 84.45 | 431.45 | - |
| CWIP | 7.01 | 7.16 | 15.16 | - |
| Investments | 35.52 | 54.7 | 1.1 | - |
| Trade Receivables | 124.53 | 126.68 | 169.68 | - |
| Inventory | 99.25 | 74.05 | 164.2 | - |
| Other Assets | 578.2 | 645.76 | 492.54 | - |
| Total Assets | 920.87 | 992.8 | 1274.13 | - |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 13.27 | 48.206 | 55.99 | - |
| FV | 10 | 10 | 10 | - |
| Reserves | 28.07 | -72 | 106 | - |
| Borrowings | 246.94 | 346.71 | 314.6 | - |
| Trade Payables | 138.07 | 187.26 | 290.05 | - |
| Other Liabilities | 494.52 | 482.45 | 507.63 | - |
| Total Liabilities | 920.87 | 992.63 | 1274.27 | - |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | -211.28 | -335.07 | -433.69 | - |
| OPBWC | -75.43 | -138.64 | -198.35 | - |
| Change in Receivables | -36.56 | -7.7 | -60.75 | - |
| Change in Inventories | -19.65 | 17.37 | -103.91 | - |
| Change in Payables | 45.44 | 17.68 | 138.6 | - |
| Other Changes | -36.09 | -68.5 | -59.43 | - |
| Working Capital Change | -46.86 | -41.15 | -85.49 | - |
| Cash Generated From Operations | -122.29 | -179.79 | -283.84 | - |
| Tax | 0.81 | 0.06 | 0.63 | - |
| Cash Flow From Operations | -121.48 | -179.73 | -283.21 | - |
| Purchase of PPE | -30.02 | -42.3 | -128.26 | - |
| Sale of PPE | 0 | 0 | 0 | - |
| Cash Flow From Investment | -66.04 | -57.24 | -227.18 | - |
| Borrowing | 79.85 | 96.34 | -25.09 | - |
| Divided | 0 | 0 | 0 | - |
| Equity | 5.6 | 0 | 609.02 | - |
| Others From Financing | 102.8 | 134.71 | -47.57 | - |
| Cash Flow from Financing | 188.25 | 231.05 | 536.36 | - |
| Net Cash Generated | 0.73 | -5.92 | 25.97 | - |
| Cash at the Start | 12.07 | 12.8 | 8.83 | - |
| Cash at the End | 12.8 | 6.88 | 34.8 | - |
| Shareholding Pattern | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Mr. Ankur Jain | 24.43% | 24.43% | 24.43% | - |
| Day1 Advisors Private Limited | 16.29% | 16.29% | 16.29% | - |
| Mrs. Shashi Jain | 11.24% | 11.24% | 11.24% | - |
| Sci Investments V | 8.39% | 8.39% | 8.39% | - |
| Sequoia Capital India Investment IV | 4.44% | 4.44% | 4.44% | - |
| Others | 35.21% | 35.21% | 35.21% | - |
