Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries: Which Stock Should You Track

Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries starts with the core numbers most investors compare within the Alcoholic Beverages (Second Fresh Set) segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the Alcoholic Beverages (Second Fresh Set) bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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Associated Alcohols and Breweries, Globus Spirits and GM Breweries: Company Overview

Associated Alcohols and Breweries is a listed Indian company in the Alcoholic Beverages (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Globus Spirits is a listed Indian company in the Alcoholic Beverages (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

GM Breweries is a listed Indian company in the Alcoholic Beverages (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries: Valuation and Profitability Snapshot

Metric	Associated Alcohols and Breweries	Globus Spirits	GM Breweries
Market Cap (approx.)	Rs 1,307 crore	Rs 2,633 crore	Rs 2,212 crore
PE Ratio (TTM)	15.81	26.37	13.11
PB Ratio	1.88	2.04	2.05
Return on Equity (ROE)	12.73%	8.41%	14.54%
EPS (TTM, Rs)	41.16	31.74	73.84
Dividend Yield	0.31%	0.00%	0.93%
Debt to Equity	0.10	0.48	0.00
Book Value per Share (Rs)	345.94	410.47	471.95

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On valuation, Associated Alcohols and Breweries trades at a PE of 15.81 and a PB of 1.88, Globus Spirits at a PE of 26.37 and a PB of 2.04, while GM Breweries trades at a PE of 13.11 and a PB of 2.05. On return on equity, the three post 12.73%, 8.41% and 14.54% respectively, and on dividend yield they stand at 0.31%, 0.00% and 0.93%.

Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
Associated Alcohols and Breweries	Rs 289.40 crore	Rs 17.83 crore	+6.4%	+19.1%
Globus Spirits	Rs 1,153.62 crore	Rs 27.32 crore	+20.9%	+34.8%
GM Breweries	Rs 808.45 crore	Rs 37.74 crore	+14.9%	-2.5%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three alcoholic beverages (second fresh set) names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries highlights how differently three companies in the same alcoholic beverages (second fresh set) segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries

What is the market cap difference between Associated Alcohols and Breweries, Globus Spirits and GM Breweries?

Ans. As of September 2026, Associated Alcohols and Breweries has a market cap of approximately Rs 1,307 crore, Globus Spirits is at approximately Rs 2,633 crore, and GM Breweries is at approximately Rs 2,212 crore.

Which of the three has the highest PE ratio?

Ans. Among Associated Alcohols and Breweries, Globus Spirits and GM Breweries, the PE ratios stand at 15.81, 26.37 and 13.11 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. Associated Alcohols and Breweries, Globus Spirits and GM Breweries post ROE of 12.73%, 8.41% and 14.54% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. Associated Alcohols and Breweries, Globus Spirits and GM Breweries carry dividend yields of 0.31%, 0.00% and 0.93% respectively.

What is the debt to equity ratio for Associated Alcohols and Breweries, Globus Spirits and GM Breweries?

Ans. Associated Alcohols and Breweries carries a debt to equity of 0.10, Globus Spirits of 0.48, and GM Breweries of 0.00.

Which of the three trades at the highest price to book value?

Ans. Associated Alcohols and Breweries, Globus Spirits and GM Breweries trade at price to book ratios of 1.88, 2.04 and 2.05 respectively.

Is one of Associated Alcohols and Breweries, Globus Spirits or GM Breweries better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.