| P&L Statement | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenue | 3354 | 2845 | 3608 | 6177 |
| Cost of Material Consumed | 1007 | 692 | 889 | 1701 |
| Change in Inventory | -142 | 32 | -53 | -131 |
| Gross Margins | 69.98 | 75.68 | 75.36 | 72.46 |
| Employee Benefit Expenses | 205 | 186 | 214 | 230 |
| Other Expenses | 2657 | 2333 | 2735 | 4564 |
| EBITDA | -373 | -398 | -177 | -187 |
| OPM | -11.12 | -13.99 | -4.91 | -3.03 |
| Other Income | 43 | 7 | 86 | 51.4 |
| Finance Cost | 139 | 103 | 19 | 71.9 |
| D&A | 214 | 211 | 225 | 187 |
| EBIT | -587 | -609 | -402 | -374 |
| EBIT Margins | -17.5 | -21.41 | -11.14 | -6.05 |
| PBT | -683 | -705 | -365 | -438 |
| PBT Margins | -20.36 | -24.78 | -10.12 | -7.09 |
| Tax | -6 | 0 | 0 | 0 |
| PAT | -677 | -705 | -365 | -438 |
| NPM | -20.18 | -24.78 | -10.12 | -7.09 |
| EPS | -10.98 | -11.43 | -4.07 | -4.72 |
| Financial Ratios | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Operating Profit Margin | -11.12 | -13.99 | -4.91 | -3.03 |
| Net Profit Margin | -20.18 | -24.78 | -10.12 | -7.09 |
| Earning Per Share (Diluted) | -10.98 | -11.43 | -4.07 | -4.72 |
| Assets | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Fixed Assets | 1100 | 1130 | 1180 | 1094 |
| CWIP | 158 | 27 | 14.3 | 80.5 |
| Investments | 0 | 0 | 0 | 0 |
| Trade Receivables | 439 | 379 | 440 | 614 |
| Inventory | 581 | 514 | 610 | 1046 |
| Other Assets | 560 | 473 | 433.9 | 554 |
| Total Assets | 2838 | 2523 | 2678.2 | 3388.5 |
| Liabilities | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Share Capital | 616.6 | 616.6 | 897 | 928.4 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 45 | -650 | 55.2 | -190 |
| Borrowings | 639 | 1341 | 347 | 926 |
| Trade Payables | 534 | 457 | 583 | 852 |
| Other Liabilities | 1003.4 | 758.4 | 796 | 872.1 |
| Total Liabilities | 2838 | 2523 | 2678.2 | 3388.5 |
| Cash-Flow Statement | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| PBT | -683 | -705 | -365 | -438 |
| OPBWC | -208 | -250 | -121 | -179 |
| Change in Receivables | 83 | 5 | -83 | -176 |
| Change in Inventories | -316 | 68 | -97 | -436 |
| Change in Payables | 113 | -77 | 126 | 269 |
| Other Changes | 90 | 31 | -5.4 | -78 |
| Working Capital Change | -30 | 27 | -59.4 | -421 |
| Cash Generated From Operations | -238 | -223 | -180.4 | -600 |
| Tax | 2 | 6 | 4.6 | 6 |
| Cash Flow From Operations | -236 | -217 | -175.8 | -594 |
| Purchase of PPE | -229 | -87 | -103.8 | -119 |
| Sale of PPE | 0 | 0 | 145 | 88.6 |
| Cash Flow From Investment | -245 | -90 | 41.2 | -30.6 |
| Borrowing | -407 | 365 | -325 | 577 |
| Dividend | 0 | 0 | 0 | 0 |
| Equity | 1063 | 0 | 562 | 204 |
| Others From Financing | -134 | -85 | -103.2 | -20 |
| Cash Flow from Financing | 522 | 280 | 133.8 | 761 |
| Net Cash Generated | 41 | -27 | -0.8 | 136.4 |
| Cash at the Start | 37 | 78 | 51.6 | 51 |
| Cash at the End | 78 | 51 | 50.8 | 187.4 |
Anheuser Busch InBev India Limited (formerly SABMiller India Limited) is a significant player in India’s brewing industry, incorporated on 18 November 1988 and headquartered in Mumbai. Operating as a public company limited by shares (CIN U65990MH1988PLC049687), it remains unlisted on Indian stock exchanges. The company is the Indian arm of global brewer Anheuser-Busch InBev SA/NV (AB InBev) and markets a portfolio including major global and domestic beer brands such as Budweiser, Haywards, Knock Out, and Royal Challenge among others.
From an investment perspective in its unlisted shares, the company presents both opportunities and challenges. According to unlisted-share trading platforms, the current market price for these shares is reported at around Rs 50 to Rs 715 per share (face value Rs 10) depending on lot size and timing. As it remains unlisted, trading occurs over-the-counter, which means liquidity is limited, valuations may be opaque, and there are additional risks compared to listed equities. Its financial profile shows it has a paid-up capital in excess of Rs 1,000 crore. For an investor considering this unlisted share, it is important to assess the company’s operational standing (dominant beer production/distribution), regulatory environment (beer/alcohol regulation in India), and the implications of holding shares that are not publicly traded (e.g., ability to sell, market transparency).
Q1. What is Anheuser-Busch InBev (SABMiller) India?
Anheuser-Busch InBev (SABMiller) India is the Indian subsidiary of AB InBev, the world’s largest brewing company. It operates major beer brands in India such as Budweiser, Corona, Stella Artois, Hoegaarden, and Beck’s, with manufacturing plants across multiple states.
Q2. Is SABMiller India a listed company?
No, Anheuser-Busch InBev India is currently an unlisted private company in India. Its shares are not traded on NSE or BSE, though parent company AB InBev is publicly listed internationally.
Q3. Can investors buy SABMiller India unlisted shares?
In some cases, unlisted shares of AB InBev India may be available through private market transactions or unlisted share brokers, subject to availability, regulatory compliance, and counterparty liquidity.
Q4. What brands does AB InBev India own?
AB InBev India owns and distributes popular beer brands including:
Q5. Does AB InBev India plan an IPO?
As of now, there is no officially announced IPO date for AB InBev India. However, market speculation periodically suggests a potential future listing depending on valuation, regulatory approvals, and strategic objectives.
Q6. How is AB InBev India performing financially?
AB InBev India has shown strong revenue growth in recent years driven by premium beer demand, urban consumption, and brand expansion. Profitability fluctuates due to state alcohol taxes, licensing costs, and distribution regulations.
Q7. Is investing in unlisted AB InBev India shares risky?
Yes. Unlisted share investments carry higher risks including:
Investors should assess risk carefully and consult financial advisors.
Q8. Why is AB InBev focusing on India?
India offers long-term growth potential due to:
Q9. What is the difference between SABMiller and AB InBev?
SABMiller was a global brewing company that merged with Anheuser-Busch InBev in 2016. Post-merger, SABMiller brands and operations became part of AB InBev globally, including in India.
Q10. Where does AB InBev India operate manufacturing plants?
AB InBev India operates breweries in states such as: