B9 Beverages Ltd (BIRA91)

B9 Beverages Ltd (BIRA91)

Fundamentals

Quick Insights

  • Strong Supplier Relationship: Bira Beers maintains a strong relationship with their suppliers and follows all the requirements to be met as a beer company. High quality products & services: Since the brand has a good quality of products and services, it has an extremely loyal customer base. Both of these factors can help it to grow and expand into international markets as well. Intellectual Property Rights: Bira Beer has secured a strong competitive advantage by building a diverse intellectual property portfolio.This comprehensive strategy helps Bira Beer shield its unique products and processes from imitation by competitors across various industries.
Market Cap₹2,436.76 Cr
PE Ratio-5.05
EPS₹-81.23
Dividend Yield-
Book Value₹85.13 Cr
Debt/Equity1.94
Price/Book4.82
Price/Sales-
Industry PE-
Sales₹810.1 Cr
Profit After Tax₹-509.4 Cr
Share Capital₹19 Cr
Shares Outstanding-
ISININE833U01014
SectorFood and Beverages
Symbol-
About Company

Established in 2015, Bira 91 has quickly become one of India's fastest-growing breweries. Funded by Sequoia Capital India, Sofina of Belgium, and Kirin Holding of Japan, Bira 91 operates two taprooms in Delhi NCR and two in Bengaluru, offering weekly experimental brews and a curry-shop menu

Latest News
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Strengths & Weaknesses

Strengths

Marquee Investors: Bira 91 boasts 69 institutional investors, including prominent names such as KOIS, Sofina, DS Group, with Sequoia Capital being the largest among them. Recently, the company raised $25 million (₹207 crore) from Tiger Pacific Capital.
Rising Revenue: Revenue almost doubled over the two-year period from FY-21 to FY-23, with an ~14% increase from FY-22 to FY-23.
Multiple Awards: Bira 91 earned seven medals in various categories at the European Beer Challenge 2024, becoming the most-awarded beer company in India

Weaknesses

Lack of Profitability: Bira 91 has yet to achieve profitability due to high procurement costs, substantial employee benefit expenses, etc.
Annual Reports

No annual reports available.

Balance SheetFY23FY22FY21FY20FY19
Share Capital19.014.213.2744.339.8
Reserves and Surplus142.8-237.0101.3-82.875.0
Total Equity161.9-222.8114.6-38.5114.8
Long Term Borrowings17.4155.8137.489.556.0
Other NC Liabilities303.2272.5282.5224.32.5
Total NC Liabilities320.6428.3419.9313.858.5
Short Term Borrowings297.2190.9110.076.6432.46
Other Current Liabilities494.5333.7276.8202.276.6
Total Current Liabilities791.7524.6386.8278.84109.06
Total Equity & Liabilities1274.2730.1921.2554.1282.4
Fixed Assets (incl. WIP)583.3373.1355.3327.164.0
Other Non Current Assets 74.465.1196.529.820.4
Total NC Assets657.7438.2551.8356.884.4
Trade Receivables169.7119.0124.591.5 65.0
Cash and Bank Balances196.151.3 76.843.146.3
Other Current Assets 250.7121.5168.162.886.6
Total Current Assets616.4291.8369.4197.4197.9
Total Assets1274.1730.0921.2554.2282.3
Profit & LossFY23FY22FY21FY20FY19
Net Revenue810.1717.8430.8457.2350.4
Growth %12.87%66.63% -5.78% 30.49%0
Operating Expenses 470.5 613.9 543.2 891.0 1022.41022.4891.0543.2613.9470.5
Growth %14.75% 64.02% -11.51%30.49%0
Operating Profit (EBITDA)-212.2-173.2 -112.4 -156.7-120.1
Operating profit Margin %-26.20%-24.13% -26.10% -34.27% -34.28%
Other Income36.416.0 12.16.59.7
Finance Costs95.987.7 76.2 49.919.4
Depreciation and Amortization Expense119.890.1 75.0 57.2 5.3
Profit before Tax-391.5-335.1-251.5-257.3-135.0
Tax 117.90000
Tax %-30.12%0000
Profit After Tax-509.4-335.1 -251.5 -257.3 -135.0
Loss%52.03%33.20% -2.25%90.58% 0
PAT % -62.88% -46.68% -58.40%-56.29%-38.54%
Diluted EPS -81.23-81.070-95.480
Shareholding Pattern
ColorShareholderHolding
Mr. Ankur Jain24.43%
Day1 Advisors Private Limited 16.29%
Mrs. Shashi Jain11.24%
Sci Investments V8.39%
Sequoia Capital India Investment IV4.44%
Others35.21%
Board of Directors
Ankur Jain Director
Shashi Jain Director
Sakshi Vijay Chopra Director
Ankeeta Pawa Director
Hiromasa Honda Director
Senior Management
Sudhir JainSVP
Rahul SinghSVP
Amandeep Singh KahlonAssociate Director

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