| Market Cap | ₹1505.83 CrSmall Cap |
|---|---|
| Revenue TTM | ₹969.58 CrOperating |
| P/E TTM | -48.01Sector 22.77 |
| 1-Yr Change | -43.97%Price Performance |
Key highlights
- Excise Department of Madhya Pradesh granted manufacturing licences for the Bhopal Plant
- Company secured requisite approvals for product labels and applicable rates for finished goods
- Resumption of manufacturing and sales activities targeted for early next week
- Approval follows a Supreme Court order on October 30, 2026, regarding license renewal
- Bhopal plant resumption is expected to help the company progressively regain market presence
Clearance of Regulatory Hurdles at Bhopal
Som Distilleries has successfully cleared the final regulatory barriers for its Bhopal plant by obtaining manufacturing licences from the Madhya Pradesh Excise Department. Alongside these licences, the company secured critical approvals for product labels and pricing for its finished goods. These approvals represent the culmination of a period of operational pause and are essential for the legal distribution of its products.
The company is currently in the final stages of preparing the facility for production, with management indicating that sales and manufacturing operations should begin by the first week of November 2026.
Operational Roadmap and Production Resumption
- The license enables the company to produce and sell proprietary products from the Bhopal unit
- Resumption is intended to progressively restore the company's market share in Madhya Pradesh
- Latest quarterly revenue stood at 268.63 crore, a 48.6 percent increase over the previous quarter
- Net profit for the June 2026 quarter was 0.46 crore, reflecting a year-on-year decline of 98.9 percent
- The plant resumption is expected to have a positive impact on the company's financial position
Legal Victories Pave Way for Operations
The receipt of these licences follows a series of legal developments in late 2026. On October 30, 2026, the Supreme Court of India reaffirmed a directive for the renewal of excise licences at the Bhopal plant. This followed an earlier ruling on September 26, 2026, where the Madhya Pradesh High Court quashed a prior license rejection and ordered state authorities to renew the permits within 15 days.
These regulatory hurdles had previously impacted the company's ability to serve its core markets, contributing to a TTM revenue performance of 969.58 crore against a one-year stock price decline of 43.97 percent.
| Date | Announcement | Amount |
|---|---|---|
| 30 Oct 2026 | Supreme Court of India reaffirmed order directing renewal of manufacturing excise licences for Bhopal plantSource: NSE filing | – |
| 26 Sep 2026 | Madhya Pradesh High Court quashed license rejection and directed state excise authorities to renew Bhopal plant licences within 15 daysSource: BSE filing | – |
| 24 Mar 2026 | Madhya Pradesh High Court Division Bench granted interim relief permitting associate entity to participate in state country liquor tendersSource: NSE filing | – |
| 28 Jul 2025 | Regulatory excise licensing approval and launch of Mahavat Whisky in DelhiSource: somindia.com | – |
| 25 Apr 2025 | Allotment of 20 lakh preferential equity shares to promoter approved following stock exchange in-principle approvalSource: NSE filing | ₹22.40 Cr |
| 19 Mar 2025 | NSE granted in-principle approval for preferential issue of 20,00,000 equity shares to promoterSource: somindia.com | ₹22.40 Cr |
What to watch next
- Resumption of manufacturing and sales at Bhopal plant by early November 2026
- Announcement of Q2 FY27 financial results on or before November 14, 2026
- Commissioning of Phase 1 at the Farrukhabad plant targeted for FY27
- Progress on management target to increase promoter shareholding to 50-51 percent
| Share price | ₹72.43 |
|---|---|
| Market capitalisation | ₹1,505.83 Cr |
| Revenue (annual) | ₹1,229.32 Cr |
| Net profit (annual) | ₹9.38 Cr |
| Revenue (latest quarter) | ₹268.63 Cr+48.57% vs previous quarter |
| Net profit (latest quarter) | ₹0.46 Cr+100.83% vs previous quarter |
| P/E (TTM) | -48.01×Sector 22.77× |
| Promoter holding | 39.44%0.00% QoQ |
| FII holding | 0.11%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Som Distilleries & Breweries Limited announcing the receipt of manufacturing licences for its Bhopal plant. Market figures from a third-party data provider.
