Bira(B9 Beverages)

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Company Overview

  • Founded in the vibrant summer of 2015 by B9 Beverages, Bira 91 stands as a testament to innovation and boldness in the beer industry.
  • With its headquarters nestled in New Delhi, Bira 91 swiftly captured the hearts of urban millennials with its delectable brews, audacious identity, and expansive draft network.
  • Rooted in a commitment to redefine the global beer landscape through 21st-century technology and a playful ethos, Bira 91 caters to the creative urban drinker who values enjoyment over seriousness.

Global Expansion:

  • In 2017, Bira 91 embarked on its transcontinental journey, making its mark in the bustling streets of New York City, signaling its ambition to captivate palates beyond borders.
  • The brand further spread its wings in 2018, venturing into the Asia Pacific market with a triumphant entry into Singapore, setting the stage for a meteoric rise in the region.

Pioneering Sponsorship:

  • In a historic feat, Bira 91 secured a groundbreaking five-year sponsorship deal with the International Cricket Council (ICC) in 2019, becoming the first Indian beverage brand to adorn the global cricketing stage.
  • A testament to its growing influence, Bira 91’s sponsorship deal, estimated at $5-6 million annually, underscores its strategic alignment with major cricketing events, including the ICC Cricket World Cup 2023 and T20 World Cup 2021.

Exponential Growth & Innovation:

  • Bira 91 has emerged as one of the fastest-growing beer brands worldwide, boasting a robust portfolio of eclectic brews that spearhead a paradigm shift towards vibrant flavors and colors in the beer landscape.
  • Within a mere three years, Bira 91 ascended to the echelons of the top 25 craft beer brands globally by sales volume, establishing itself as the epitome of rapid growth and innovation in the industry.

Operational Excellence & Expansion:

  • Currently operating two state-of-the-art breweries in India and maintaining a formidable presence in nine cities, including the pulsating hub of New York City, Bira 91 epitomizes operational excellence and strategic expansion.
  • Continuously evolving to meet burgeoning demand, Bira 91 is poised to inaugurate its fifth local brewery by the end of 2021, amplifying its capacity to cater to the escalating thirst for flavorful libations.

Financial Fortitude & Investor Confidence:

  • Backed by prestigious investors such as Sequoia Capital and Belgium’s Sofina Capital, Bira 91 has raised significant capital, totaling approximately 518 Crores, from illustrious figures including celebrity investors Farhan and Zoya Akhtar, Flipkart’s CEO Kalyan Krishnamurthy, and renowned film producer Ritesh Sidhwani.
  • With an unwavering commitment to profitability, Bira 91 is poised to achieve operational profitability within six months, leveraging its robust financial standing and strategic investments.

Market Penetration & Premiumization:

  • Focused on premiumization to navigate inflationary pressures, Bira 91 aims to augment sales of its premium beer offerings, capitalizing on the affluent consumer segment’s willingness to indulge in superior brews.
  • With a monthly production capacity exceeding 2.6 Crore bottles, Bira 91 is well-positioned to capitalize on India’s burgeoning beer market, poised to reach a staggering valuation of Rs 66,200 crore by 2026.

Visionary Leadership & Market Differentiation:

  • Spearheaded by a passionate team of over 350 beer enthusiasts united by a singular vision to revolutionize the world of beer, Bira 91 epitomizes innovation, creativity, and unwavering commitment to excellence.
  • Positioned as a frontrunner in a competitive landscape, Bira 91 differentiates itself through relentless innovation, strategic partnerships, and an unyielding dedication to craftmanship, setting the stage for continued success and global acclaim.

Fundamentals

Current Price₹ 595Debt to Equity1.94
Market Cap₹ 3331.41 Cr.Face Value₹ 10
Book Value₹ 28.93Stock P/E-3.5
P/B20.57P/E Ratio-7.48
PAN NumberAAICS1030PEPS-79.56
ISININE833U01014No. of Shares2.45 Cr.

 

Promoters & Managements

Ankur JainCEO
Shashi JainDirector
Sakshi Vijay ChopraDirector

 

Share Buy Sell Form

Income Statement
Balance Sheet
Cash Flow

P&L Statement (in Crores)

Item20222023
Revenue733.75848.71
Cost of Material Consumed164.40265.38
Gross Margins77.1067.81
Change in Inventory68.44-26.27
Employee Benefit Expenses90.71114.98
Other Expenses567.45710.29
EBITDA-173.23-240.06
OPM-24.13-29.12
Other Income15.9824.39
Finance Cost87.7296.59
D&A90.09121.41
EBIT-263.32-361.47
EBIT Margins-36.69-43.85
PBT-335.07-433.69
PBT Margins-46.68-52.61
Tax011.78
PAT-335.07-445.47
NPM-46.68-54.04
EPS (Diluted)-69.51-79.56

Financial Ratios

Ratio20222023
Operating Profit Margin-24.13%-29.12%
Net Profit Margin-46.68%-54.04%
Earning Per Share (Diluted)-69.51-79.56

Assets (2022 - 2023)

Asset Category2022 (in Crores)2023 (in Crores)
Fixed Assets84.45431.45
CWIP7.1615.16
Investments54.701.10
Trade Receivables126.68169.68
Inventory74.05164.20
Other Assets645.76492.54
Total Assets992.801274.13

Liabilities (2022 - 2023)

Liability Category2022 (in Crores)2023 (in Crores)
Share Capital48.20655.99
FV10.0010.00
Reserves-72.00106.00
Borrowings346.71314.60
Trade Payables187.26290.05
Other Liabilities482.45507.63
Total Liabilities992.631274.27
Item2022 (in Crores)2023 (in Crores)
PBT-335.07-433.69
OPBWC-138.64-198.35
Change in Receivables-7.70-60.75
Change in Inventories17.37-103.91
Change in Payables17.68138.60
Other Changes-68.50-59.43
Working Capital Change-41.15-85.49
Cash Generated From Operations-179.79-283.84
Tax0.060.63
Cash Flow From Operations-179.73-283.21
Purchase of PPE-42.30-128.26
Sale of PPE0.000.00
Cash Flow From Investment-57.24-227.18
Borrowing96.34-25.09
Dividend0.000.00
Equity0.00609.02
Others From Financing134.71-47.57
Cash Flow from Financing231.05536.36
Net Cash Generated-5.9225.97
Cash at the Start12.808.83
Cash at the End6.8834.80
Share Buy Sell Form

Share Holding Pattern

Mr. Ankur Jain9.1524.43
Mrs. Shashi Jain4.8811.24
Sequoia Capital15.49
SCI Investment V18.598.39
Six Sense India Opportunities – II1.52
Six Sense India Opportunities – III4.56
Day1 Advisors Private Limited16.29
Sequoia Capital India Investment IV4.44
Others35.21

 

Frequently Asked Questions (FAQ)

Find answers to common questions, providing clarity and insights to address any queries on your mind.

Contact Us: Reach out to Unlistify to confirm availability and agree on a price.

Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.

Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.

Receive Shares: We’ll transfer the Bira shares to your Demat account within 24 hours of payment confirmation.

Get a Quote: Unlistify will provide a buyback price for your Bira shares.

Share Details: Submit your Client Master Report.

Transfer Shares: Transfer the Bira shares to our Demat account using a DIS (Delivery Instruction Slip).

Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat

DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.

Methods:

Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your Bira  shares, and our account information. Submit this to your broker.

Online DIS: Some brokers offer online DIS systems for easier transfers.

Unlistify aims to make unlisted share investing accessible. The current minimum investment for Bira  Unlisted Shares is approximately 35,000 – 50,000 INR.

Limited Liquidity: Unlisted shares are not traded on public exchanges, making it potentially harder to find buyers when you want to sell.

Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.

Regulatory Changes: Regulations for unlisted shares can change, affecting their value and trading.

Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.

No Guarantee of Listing: There’s no assurance that unlisted shares will ever be listed on a public exchange.

Market Leader: Unlistify is one of India’s fastest-growing unlisted share platforms.

Transparency: We provide clear information about each unlisted share, including potential risks.

Security: We prioritize the protection of your financial information.

Customer Support: Our team is dedicated to guiding you through the investment process.

Latest Funding: We consider the valuation from Bira  most recent funding round.

Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.

SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.

We aim for same-day transfer of Bira Unlisted Shares to your Demat account after your payment is confirmed.

Tax Transition: Once your unlisted Bira shares are listed and sold on an exchange, standard listed share tax rules apply.

Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.