B9 Beverages Ltd (BIRA91)

₹2,100 - ₹3,500

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	673	Visit
★★★★☆	₹2,600	940	Visit
★★★★★☆	₹2,700	999	Visit
★★★★★☆	₹2,800	525	Visit
★★★★☆☆	₹2,900	126	Visit

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★★★★☆

LTP:₹2,100

Min Qty:728

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★★★★☆

LTP:₹2,600

Min Qty:631

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★★★★★☆

LTP:₹2,700

Min Qty:503

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★★★★★☆

LTP:₹2,800

Min Qty:693

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★★★★☆☆

LTP:₹2,900

Min Qty:967

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.

Balance Sheet	FY23	FY22	FY21	FY20	FY19
Share Capital	19.0	14.2	13.27	44.3	39.8
Reserves and Surplus	142.8	-237.0	101.3	-82.8	75.0
Total Equity	161.9	-222.8	114.6	-38.5	114.8
Long Term Borrowings	17.4	155.8	137.4	89.5	56.0
Other NC Liabilities	303.2	272.5	282.5	224.3	2.5
Total NC Liabilities	320.6	428.3	419.9	313.8	58.5
Short Term Borrowings	297.2	190.9	110.0	76.64	32.46
Other Current Liabilities	494.5	333.7	276.8	202.2	76.6
Total Current Liabilities	791.7	524.6	386.8	278.84	109.06
Total Equity & Liabilities	1274.2	730.1	921.2	554.1	282.4
Fixed Assets (incl. WIP)	583.3	373.1	355.3	327.1	64.0
Other Non Current Assets	74.4	65.1	196.5	29.8	20.4
Total NC Assets	657.7	438.2	551.8	356.8	84.4
Trade Receivables	169.7	119.0	124.5	91.5	65.0
Cash and Bank Balances	196.1	51.3	76.8	43.1	46.3
Other Current Assets	250.7	121.5	168.1	62.8	86.6
Total Current Assets	616.4	291.8	369.4	197.4	197.9
Total Assets	1274.1	730.0	921.2	554.2	282.3

Profit & Loss	FY23	FY22	FY21	FY20	FY19
Net Revenue	810.1	717.8	430.8	457.2	350.4
Growth %	12.87%	66.63%	-5.78%	30.49%	0
Operating Expenses 470.5 613.9 543.2 891.0 1022.4	1022.4	891.0	543.2	613.9	470.5
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 Income	36.4	16.0	12.1	6.5	9.7
Finance Costs	95.9	87.7	76.2	49.9	19.4
Depreciation and Amortization Expense	119.8	90.1	75.0	57.2	5.3
Profit before Tax	-391.5	-335.1	-251.5	-257.3	-135.0
Tax	117.9	0	0	0	0
Tax %	-30.12%	0	0	0	0
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	-81.07	0	-95.48	0

Shareholding Pattern

Color	Shareholder	Holding
	Mr. Ankur Jain	24.43
	Day1 Advisors Private Limited	16.29
	Mrs. Shashi Jain	11.24
	Sci Investments V	8.39
	Sequoia Capital India Investment IV	4.44
	Others	35.21

Fundamentals

Quick Insights

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

Market Cap₹2,436.76 Cr

PE Ratio-5.05

EPS₹-81.23

Dividend YieldNA%

Book Value₹85.13

Debt/Equity1.94

Price/Book4.82

Industry PENA

Sales₹810.1 Cr

Profit After Tax₹-509.4 Cr

ISININE833U01014

SectorFood and Beverages

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

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

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	644	Visit
★★★★☆	₹2,600	868	Visit
★★★★★☆	₹2,700	122	Visit
★★★★★☆	₹2,800	886	Visit
★★★★☆☆	₹2,900	759	Visit

Quick Insights

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

Market Cap₹2,436.76 Cr

PE Ratio-5.05

EPS₹-81.23

Dividend YieldNA%

Book Value₹85.13

Debt/Equity1.94

Price/Book4.82

Industry PENA

Sales₹810.1 Cr

Profit After Tax₹-509.4 Cr

ISININE833U01014

SectorFood and Beverages

About Company

Strengths

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 Sheet	FY23	FY22	FY21	FY20	FY19
Share Capital	19.0	14.2	13.27	44.3	39.8
Reserves and Surplus	142.8	-237.0	101.3	-82.8	75.0
Total Equity	161.9	-222.8	114.6	-38.5	114.8
Long Term Borrowings	17.4	155.8	137.4	89.5	56.0
Other NC Liabilities	303.2	272.5	282.5	224.3	2.5
Total NC Liabilities	320.6	428.3	419.9	313.8	58.5
Short Term Borrowings	297.2	190.9	110.0	76.64	32.46
Other Current Liabilities	494.5	333.7	276.8	202.2	76.6
Total Current Liabilities	791.7	524.6	386.8	278.84	109.06
Total Equity & Liabilities	1274.2	730.1	921.2	554.1	282.4
Fixed Assets (incl. WIP)	583.3	373.1	355.3	327.1	64.0
Other Non Current Assets	74.4	65.1	196.5	29.8	20.4
Total NC Assets	657.7	438.2	551.8	356.8	84.4
Trade Receivables	169.7	119.0	124.5	91.5	65.0
Cash and Bank Balances	196.1	51.3	76.8	43.1	46.3
Other Current Assets	250.7	121.5	168.1	62.8	86.6
Total Current Assets	616.4	291.8	369.4	197.4	197.9
Total Assets	1274.1	730.0	921.2	554.2	282.3

Profit & Loss	FY23	FY22	FY21	FY20	FY19
Net Revenue	810.1	717.8	430.8	457.2	350.4
Growth %	12.87%	66.63%	-5.78%	30.49%	0
Operating Expenses 470.5 613.9 543.2 891.0 1022.4	1022.4	891.0	543.2	613.9	470.5
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 Income	36.4	16.0	12.1	6.5	9.7
Finance Costs	95.9	87.7	76.2	49.9	19.4
Depreciation and Amortization Expense	119.8	90.1	75.0	57.2	5.3
Profit before Tax	-391.5	-335.1	-251.5	-257.3	-135.0
Tax	117.9	0	0	0	0
Tax %	-30.12%	0	0	0	0
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	-81.07	0	-95.48	0

Shareholding Pattern

Color	Shareholder	Holding
	Mr. Ankur Jain	24.43
	Day1 Advisors Private Limited	16.29
	Mrs. Shashi Jain	11.24
	Sci Investments V	8.39
	Sequoia Capital India Investment IV	4.44
	Others	35.21

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