United Spirits Limited
Fast Moving Consumer Goods›Fast Moving Consumer Goods›Beverages›Breweries & Distilleries
Key metrics
Price as of 2026-07-17
Stock price
₹1375.80
Market cap
97,687 Cr
Stock P/E
53.2
P/B
10.91
Dividend yield
1.3%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,808 Cr | 6,737 Cr | 6,962 Cr | 6,511 Cr | 6,238 Cr | 6,672 Cr | 7,732 Cr | 6,634 Cr | 6,295 Cr | 7,199 Cr | 7,942 Cr | 6,855 Cr |
| Operating expenses (approx.) | 5,112 Cr | 6,239 Cr | 6,476 Cr | 6,097 Cr | 5,525 Cr | 6,170 Cr | 7,157 Cr | 5,999 Cr | 5,665 Cr | 6,569 Cr | 7,353 Cr | 6,007 Cr |
| EBITDA | 696 Cr | 497 Cr | 487 Cr | 414 Cr | 713 Cr | 502 Cr | 575 Cr | 635 Cr | 630 Cr | 630 Cr | 589 Cr | 848 Cr |
| OPM % | 12.0% | 7.4% | 7.0% | 6.4% | 11.4% | 7.5% | 7.4% | 9.6% | 10.0% | 8.8% | 7.4% | 12.4% |
| Other income | 22 Cr | 40 Cr | 52 Cr | 111 Cr | 35 Cr | 54 Cr | 72 Cr | 175 Cr | 72 Cr | 81 Cr | 51 Cr | 295 Cr |
| Interest | 4 Cr | 26 Cr | 16 Cr | 29 Cr | 22 Cr | 25 Cr | 20 Cr | 22 Cr | 49 Cr | 21 Cr | 19 Cr | 69 Cr |
| Depreciation | 74 Cr | 65 Cr | 63 Cr | 73 Cr | 72 Cr | 69 Cr | 72 Cr | 70 Cr | 76 Cr | 65 Cr | 80 Cr | 76 Cr |
| Profit before tax | 640 Cr | 446 Cr | 459 Cr | 312 Cr | 654 Cr | 462 Cr | 483 Cr | 543 Cr | 577 Cr | 625 Cr | 541 Cr | 703 Cr |
| Tax % | 25.4% | 23.8% | 23.7% | 22.8% | 25.7% | 25.8% | 30.0% | 22.3% | 26.7% | 25.6% | 22.7% | 19.2% |
| Net profit | 477 Cr | 339 Cr | 350 Cr | 241 Cr | 485 Cr | 341 Cr | 335 Cr | 421 Cr | 417 Cr | 464 Cr | 418 Cr | 539 Cr |
| EPS (₹) | ₹6.71 | ₹4.78 | ₹4.93 | ₹3.40 | ₹6.83 | ₹4.80 | ₹4.72 | ₹5.93 | ₹5.87 | ₹6.53 | ₹5.88 | ₹7.59 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 28,873 Cr | 28,824 Cr | 27,419 Cr | 31,062 Cr | 27,815 Cr | 26,018 Cr | 27,276 Cr | 27,816 Cr | Sign in for TTM |
| Operating expenses (approx.) | 27,407 Cr | 27,163 Cr | 26,391 Cr | 29,583 Cr | 26,222 Cr | 24,034 Cr | 24,762 Cr | 25,143 Cr | Sign in for TTM |
| EBITDA | 1,465 Cr | 1,661 Cr | 1,028 Cr | 1,478 Cr | 1,593 Cr | 1,984 Cr | 2,514 Cr | 2,673 Cr | Sign in for TTM |
| OPM % | 5.1% | 5.8% | 3.7% | 4.8% | 5.7% | 7.6% | 9.2% | 9.6% | Sign in for TTM |
| Other income | 69 Cr | 22 Cr | 40 Cr | 36 Cr | 73 Cr | 225 Cr | 336 Cr | 478 Cr | Sign in for TTM |
| Interest | 237 Cr | 212 Cr | 188 Cr | 88 Cr | 104 Cr | 76 Cr | 89 Cr | 158 Cr | Sign in for TTM |
| Depreciation | 215 Cr | 285 Cr | 299 Cr | 304 Cr | 283 Cr | 275 Cr | 283 Cr | 289 Cr | Sign in for TTM |
| Profit before tax | 1,014 Cr | 1,164 Cr | 541 Cr | 1,087 Cr | 1,280 Cr | 1,858 Cr | 2,142 Cr | 2,226 Cr | Sign in for TTM |
| Tax % | 32.4% | 46.4% | 32.9% | 25.4% | 11.9% | 24.2% | 25.8% | 22.9% | Sign in for TTM |
| Net profit | 684 Cr | 621 Cr | 362 Cr | 811 Cr | 1,126 Cr | 1,408 Cr | 1,582 Cr | 1,838 Cr | Sign in for TTM |
| EPS (₹) | ₹9.87 | ₹9.29 | ₹5.41 | ₹11.68 | ₹16.01 | ₹19.83 | ₹22.28 | ₹25.89 | Sign in for TTM |
| Dividend payout % | — | — | — | 0.0% | 0.0% | 20.2% | 22.4% | 68.7% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 145 Cr | 145 Cr | 145 Cr | 145 Cr | 146 Cr | 145 Cr | 145 Cr | 145 Cr |
| Reserves | 2,945 Cr | 3,583 Cr | 3,975 Cr | 4,808 Cr | 5,854 Cr | 6,976 Cr | 7,959 Cr | 8,812 Cr |
| Borrowings | — | — | — | — | 1 Cr | 25 Cr | — | 6 Cr |
| Other liabilities | — | — | — | — | 3,761 Cr | 4,103 Cr | 5,144 Cr | 5,506 Cr |
| Total liabilities | — | — | — | — | 9,762 Cr | 11,249 Cr | 13,248 Cr | 14,469 Cr |
| Fixed assets (net) | — | — | — | — | 1,151 Cr | 1,071 Cr | 1,307 Cr | 1,215 Cr |
| CWIP | — | — | — | — | 67 Cr | 37 Cr | 72 Cr | 77 Cr |
| Investments | — | — | — | — | 256 Cr | 633 Cr | 873 Cr | 1,171 Cr |
| Other assets | — | — | — | — | 6,251 Cr | 7,387 Cr | 9,224 Cr | 9,863 Cr |
| Total assets | — | — | — | — | 9,762 Cr | 11,249 Cr | 13,248 Cr | 14,469 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 977 Cr | 615 Cr | 1,118 Cr | 1,947 Cr | 1,459 Cr |
| Cash from investing | — | — | — | -313 Cr | -53 Cr | 226 Cr | -1,114 Cr | -428 Cr |
| Cash from financing | — | — | — | -688 Cr | -501 Cr | -407 Cr | -557 Cr | -1,450 Cr |
| Net cash flow | — | — | — | -23 Cr | 61 Cr | 937 Cr | 276 Cr | -419 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 843 Cr | 478 Cr | 1,020 Cr | 1,785 Cr | 1,278 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 40.5% | 36.9% | 17.7% | 23.7% | 21.8% | 23.9% | 27.5% | 26.6% |
| ROE % | 22.7% | 17.7% | 9.3% | 16.7% | 18.9% | 19.8% | 19.5% | 20.5% |
| Debtor days | — | — | — | — | 32 | 43 | — | — |
| Inventory days | — | — | — | — | 152 | 143 | 154 | 162 |
| Days payable | — | — | — | — | 122 | 136 | — | — |
| Cash conversion cycle | — | — | — | — | 62 | 50 | 154 | 162 |
| Debt / equity | 0.00 | 0.01 | — | — | 0.0002 | 0.0035 | — | 0.0007 |
| Current ratio | — | — | — | — | 1.72 | 1.89 | 1.95 | 2.05 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | -0.07 | -0.52 | -0.53 | -0.32 |
Compare with peers
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