Bira 91 revival plan: Anicut-led board offers to buy out key investors
Sep 22, 2026Read →
Bira91 (B9 Beverages Pvt Ltd) Unlisted Shares
₹76.650.00%As on 21st Oct 2026 · market open
Industry: beverageSector: alcoholDepository: NSDL
DRHP Filed: No
Indicative price history
▲ ₹1.57(+2.09%)over 1 W
Indicative levels compiled by our team for information only — not a price feed, quote, or offer to deal.
52W Low ₹56.701Y Return -68.3%52W High ₹242.00
Key Indicators
Current Share Price
₹76.65
Unlisted market
Face Value / Share
₹10.00
Latest
Book Value / Share
₹-80.80
Latest
Price to Earning (PE)
NA
TTM basis
Price / Sales
0.20
TTM revenue
Price / Book
-0.90
Book value basis
Outstanding Shares
1.91 Cr
Latest
Market Cap
₹144.00 Cr
At current price
Debt / Equity
-3.40
Latest
Dividend / Share
-
Declared
Dividend %
-
Yield
Return on Total Assets
-65%
RoA
Return on Equity
156%
RoE
Working Capital Return
-77%
RoWC
About Bira91 (B9 Beverages Pvt Ltd)
SectorBeverage · Alcohol
ISININE833U01014
Face Value₹10
DepositoryNSDL
RTAskyline financial services
HQH-106, 2nd Floor, Outer Circle, Connaught Place, New Delhi 110001, India
Financial Performance
Consolidated figures in ₹ Crore, from annual reports and public filings.
| Indicators | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | 668.2 | 848.7 | 726.5 | 430.8 | 478.8 | 355.0 | 158.2 |
| Expense | 1,113.0 | 1,064.4 | 944.0 | 543.2 | 703.7 | 540.8 | 250.5 |
| EBITDA | -444.8 | -215.7 | -217.5 | -250.3 | -326.5 | -188.3 | -97.2 |
| Other Cost | 304.0 | 218.0 | 178.5 | 75.0 | 58.3 | 6.0 | 3.7 |
| PBT | -748.8 | -433.7 | -396.0 | -251.5 | -317.9 | -201.8 | -101.8 |
| Tax Expense | 0.0 | 11.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| PAT | -748.8 | -445.5 | -396.0 | -251.5 | -317.9 | -201.8 | -101.8 |
| Other Inc./Exp. | -3.4 | -14.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income | -752.2 | -460.2 | -396.0 | -251.5 | -317.9 | -201.8 | -101.8 |
| Shares O/S | 6.00 | 4.80 | 4.10 | 3.90 | 3.90 | 3.00 | 2.40 |
| EPS (₹) | -126.00 | -93.30 | -96.90 | -64.50 | -120.90 | -45.00 | -8.90 |
| Rev. Growth % | -21.3% | 16.8% | 68.6% | -10.0% | 34.9% | 124.4% | — |
| EBITDA Mgn % | -66.6% | -25.4% | -29.9% | -58.1% | -68.2% | -53.0% | -61.4% |
| Net Mgn % | -112.6% | -54.2% | -54.5% | -58.4% | -66.4% | -56.8% | -64.3% |
| EPS Growth | 35.0% | -3.7% | 50.2% | -46.7% | 168.7% | 405.6% | — |
Financials are as published on stockify.net.in and compiled from public filings. Refer to the audited annual report for exact figures.
Corporate Profile
Registered details, management and downloadable documents.
ISININE833U01014
PANAAICS1030P
AddressH-106, 2nd Floor, Outer Circle, Connaught Place, New Delhi 110001, India
RTAskyline financial services
News & Press Release
Bira maker B9 Beverages founder Ankur Jain set to exit in rescue plan
Apr 23, 2026Read →
Bira shareholders plan an EGM to oust the founder
Nov 5, 2025Read →
Investors take control of Bira 91's Beer Cafe amid cash crunch
Oct 28, 2025Read →
Can Bira 91 Reclaim India’s Craft Beer Crown After Its Yearlong Hibernation?
Sep 1, 2025Read →
Bira owner to ramp up production to 2.3 mn cases a mth
Jul 29, 2025Read →
Bira 91 Incurred Loss Of INR 445 Cr From Sales Of Beers In FY23
Jul 29, 2025Read →
Decoding Bira 91’s Series D round and shareholding pattern
Jul 29, 2025Read →
Expert Articles
Ankur Jain Exits Bira. What it means for investors?
Jul 22, 2026Read more →
Ankur Jain Bira Exit: What Went Wrong at Bira?
May 5, 2026Read more →
Bira 91 Crises Deepens, Founder Ankur Jain Steps Aside
Dec 30, 2025Read more →
Indian Beer Brand Bira Grab Awards Globally
Aug 23, 2024Read more →
Bira Building Influence- Setting Up India’s Largest Beer Factory
Aug 14, 2024Read more →
Bira 91 Plans To Go Public In 2026
Aug 1, 2024Read more →
Bira 91 Raises $25Mn From Kirin Holdings-Total $50M Closed
Jul 12, 2024Read more →
Vishal Gaba Quits Bira 91
Jun 9, 2024Read more →
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What is the new name of Bira?+
Ahead of its IPO, the name had been changed from “B9 Beverages Pvt Ltd” to “B9 Beverages Ltd”, causing several compliance hurdles and sales disruptions. A mere name change has seen losses rise by 68 percent in FY24 due to a ₹80 crore inventory write-off.
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The Bira91 unlisted share price changes based on demand and supply in the private market. You can check the latest B9 Beverages unlisted share price on Stockify before investing.
Is Bira91 a listed company?+
No. B9 Beverages Limited, the company behind Bira91, is currently an unlisted company. Its shares are available for trading only in the unlisted market.
Does Bira91 have IPO plans?+
B9 Beverages has converted into a public limited company, indicating long-term listing aspirations. However, the company has not announced an official IPO date.
Who are the major investors in B9 Beverages?+
Major investors include Kirin Holdings, Peak XV Partners (formerly Sequoia Capital India), Sofina, Sixth Sense Ventures, and other institutional investors.
Is Bira91 unlisted share a good investment?+
Bira91 has built a strong premium beer brand and is backed by global investors. However, investors should evaluate its financial performance, restructuring efforts, and business risks before investing.
Where can I check the latest B9 Beverages share price?+
You can check the latest B9 Beverages share price on Stockify, along with company updates and financial information.
About B9 Beverages Unlisted Shares (Bira91)
B9 Beverages Limited, founded by Ankur Jain in 2015, is the company behind Bira 91, one of India's leading premium craft beer brands. Launched to cater to the growing demand for flavourful and contemporary beers, Bira 91 disrupted a market traditionally dominated by mainstream lager brands.
Initially brewed in Belgium through contract manufacturing, the company later expanded production across India to meet rising demand. Today, Bira 91 offers a diverse portfolio including Bira White, Blonde, Strong, Light, Boom, and IPA and has expanded its presence to more than 20 international markets, including the US, UK, UAE, and Singapore, establishing itself as a globally recognized Indian beer brand.
B9 Beverages Timeline
Year | Milestone |
2008 | Ankur Jain entered the premium beer business by importing international craft beers into India. |
2015 | B9 Beverages launched Bira 91, starting with White and Blonde craft beers. |
2016 | Raised $6 million in Series A funding led by Sequoia Capital India. |
2017 | Expanded manufacturing in India and introduced new variants, including Strong and Light. |
2018 | Raised $50 million from Sofina, taking total funding beyond $100 million. |
2019 | Secured additional funding from Sixth Sense Ventures to accelerate expansion. |
2021 | Kirin Holdings invested $30 million, strengthening Bira 91's international growth plans. |
2024 | Kirin increased its stake through another investment, reinforcing long-term strategic support. |
2025 | The company was converted into B9 Beverages Limited, preparing for a future IPO, though label re-registration temporarily disrupted operations. |
2026 | Founder Ankur Jain stepped down from the board after a settlement with lenders, while investors began restructuring the business and exploring fresh capital. |
Business Model of B9 Beverages (Bira 91)
B9 Beverages follows an asset-light premium beer business model, focusing on brand building, product innovation, and an extensive distribution network rather than owning all manufacturing facilities. Its business model revolves around four key pillars:
Premium Craft Beer Portfolio: The company offers products such as Bira White, Blonde, Strong, Boom, IPA, Light, and seasonal editions, targeting urban millennials and premium beer consumers.
Contract Manufacturing: Instead of building breweries in every region, B9 partners with multiple breweries across India, reducing capital expenditure while expanding production capacity.
Multi-Channel Distribution: Products are sold through liquor stores, bars, restaurants, hotels, airports, modern retail chains, and e-commerce-enabled alcohol platforms where regulations permit.
International Expansion: Bira 91 has expanded into more than 20 countries, helping diversify revenue beyond India and establish itself as a global Indian craft beer brand.
The company differentiates itself through premium branding, innovative packaging, and limited-edition products instead of competing purely on price.
Financial Performance of B9 Beverages (Bira 91)
The company's improving financial performance has been one of the key factors influencing the B9 Beverages share price in the unlisted market. B9 Beverages witnessed exceptional growth between FY21 and FY25, driven by rising demand for premium beer and rapid expansion across India. Revenue increased from just Rs.45.5 cr in FY21 to Rs.1,912.1 cr in FY25, reflecting a strong 4-year CAGR of over 155%. During the same period, EBITDA rose from Rs.10.9 cr to Rs.496.3 cr, while net profit reached Rs.375.6 cr in FY25.
Particulars (Rs. Cr) | FY25 | FY24 |
Revenue | 1,912.1 | 1,237.6 |
EBITDA | 496.3 | 320.3 |
EBITDA Margin | 26.0% | 25.9% |
Profit Before Tax | 445.1 | 270.0 |
Net Profit (PAT) | 375.6 | 240.1 |
Net Margin | 19.9% | 19.5% |
EPS | 9.07 | 6.03* |
*Calculated using FY24 PAT and outstanding shares.
Revenue crossed Rs 1,900 cr in FY25, registering 54.5% YoY growth.
EBITDA increased by nearly 55% to Rs.496.3 cr, while margins remained healthy at 26%, indicating disciplined cost management.
Net profit rose 56.4% YoY to Rs.375.6 cr, with net margins improving to 19.9%.
Revenue has grown from Rs.126.4 cr in FY22 to Rs.1,912.1 cr in FY25, a more than 15x increase in just three years, highlighting the company's rapid scale-up in India's premium beer market.
Bira91 unlisted share price overview
Over the last six months, Bira unlisted share price has witnessed sharp volatility. The stock declined from around Rs. 114 in February 2026 to nearly Rs. 55 in June 2026 before recovering to Rs. 79.80 in July 2026. Despite this recovery, the share remains 30% lower over the six-month period, reflecting investor-might concerns over the company's restructuring, fundraising initiatives, and leadership transition. Going forward, the performance of the Bira91 share price will largely depend on the company's ability to stabilise operations, secure fresh capital, and restore investor confidence.
Milestones Achieved by bira91 share
Year | Achievement |
2015 | Successfully launched Bira 91 and entered India's premium craft beer market. |
2016 | Secured funding from Sequoia Capital, validating the brand's growth potential. |
2017 | Expanded the portfolio with Strong, Light, and IPA variants. |
2018 | Crossed $100 million in cumulative funding after Sofina's investment. |
2021 | Formed a strategic partnership with Kirin Holdings to accelerate international expansion. |
2024 | Kirin increased its ownership, reaffirming confidence in the brand's long-term potential. |
2025 | Converted into B9 Beverages Limited as part of preparations for a future public listing. |
2026 | Underwent leadership restructuring and initiated a fresh recapitalization plan to revive operations after financial challenges. |
Recent Fundraising & Key Corporate Developments
Year | Development |
2016 | Raised $6 million (Series A) led by Peak XV Partners (formerly Sequoia Capital India), along with prominent angel investors. |
2018 | Secured $50 million from Belgian investment firm Sofina to accelerate capacity expansion and market growth. |
2019 | Raised $4.3 million in a Pre-Series C round led by Sixth Sense Ventures. |
2021 | Kirin Holdings (Japan) invested $30 million, becoming a strategic investor to support Bira 91's domestic and international expansion. |
2025 | The company completed a Rs. 100.75 cr rights issue to strengthen liquidity and support operations. |
2026 | Founder Ankur Jain stepped down from the board and relinquished executive control after reaching a settlement with lenders. Investors are now seeking buyers for the founder family's 17.8% stake while exploring fresh capital to revive the business. |
Why Investors May Consider a Bira Unlisted Share
Strong Premium Brand: Bira 91 is one of India's best-known premium beer brands with a loyal urban consumer base.
Large Growth Opportunity: India's beer consumption remains low compared to global averages, leaving significant room for long-term growth.
Backed by Global Investors: The company has attracted investments from Kirin Holdings, Peak XV Partners, Sofina, and Sixth Sense Ventures, reflecting institutional confidence.
Rapid Business Scale-Up: Revenue has grown significantly over the past few years, demonstrating strong demand for the brand.
Potential IPO Candidate: Although no IPO timeline has been announced, the company's conversion into a public limited entity indicates long-term listing aspirations
How to apply for B9 Beverages unlisted Shares online?
Investors looking for the Bira91 unlisted share price can evaluate the company's fundamentals, financial performance, and growth prospects before investing. At Stockify, we help clients with the buying & selling process of unlisted stocks and guide them throughout the process. We do extensive research for you and offer Key Performance Indicators, EBITDA Margin Reports, EPS Growth, etc. No doubt, buying B9 Beverages unlisted shares becomes easy with us.
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Bira91 (B9 Beverages Pvt Ltd) · Unlisted
₹76.65