United Breweries Ltd
United Breweries Limited (UBL) is engaged in the business of manufacture and sale of beer and non-alcoholic beverages. [1]
- Market Cap ₹ 50,931 Cr.
- Current Price ₹ 1,923
- High / Low ₹ 2,107 / 1,394
- Stock P/E 124
- Book Value ₹ 158
- Dividend Yield 0.39 %
- ROCE 13.5 %
- ROE 10.1 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 68.7%
Cons
- Stock is trading at 12.2 times its book value
- Company has a low return on equity of 9.35% over last 3 years.
- Debtor days have increased from 83.7 to 104 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Alcoholic Beverages Industry: Breweries & Distilleries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,903 | 4,236 | 4,692 | 4,839 | 4,734 | 5,629 | 6,472 | 6,505 | 4,241 | 5,832 | 7,492 | 8,115 | |
3,426 | 3,639 | 4,071 | 4,109 | 4,093 | 4,727 | 5,335 | 5,630 | 3,861 | 5,137 | 6,877 | 7,420 | |
Operating Profit | 477 | 597 | 621 | 730 | 641 | 902 | 1,138 | 874 | 380 | 695 | 614 | 695 |
OPM % | 12% | 14% | 13% | 15% | 14% | 16% | 18% | 13% | 9% | 12% | 8% | 9% |
38 | 15 | 37 | 48 | 52 | 12 | 32 | 9 | 43 | 30 | 16 | 73 | |
Interest | 80 | 80 | 73 | 81 | 59 | 48 | 31 | 31 | 23 | 15 | 5 | 7 |
Depreciation | 170 | 198 | 207 | 244 | 287 | 260 | 260 | 285 | 232 | 217 | 210 | 212 |
Profit before tax | 265 | 334 | 378 | 453 | 347 | 607 | 878 | 567 | 168 | 493 | 415 | 549 |
Tax % | 35% | 32% | 31% | 34% | 34% | 35% | 36% | 25% | 33% | 26% | 27% | 25% |
172 | 226 | 260 | 298 | 229 | 394 | 563 | 427 | 113 | 365 | 303 | 409 | |
EPS in Rs | 6.51 | 8.53 | 9.82 | 11.27 | 8.67 | 14.90 | 21.28 | 16.16 | 4.27 | 13.80 | 11.48 | 15.48 |
Dividend Payout % | 11% | 11% | 10% | 10% | 13% | 13% | 12% | 15% | 12% | 76% | 65% | 65% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 5% |
3 Years: | 24% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | -6% |
3 Years: | 52% |
TTM: | 26% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 6% |
3 Years: | 14% |
1 Year: | 36% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 9% |
3 Years: | 9% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
Reserves | 1,410 | 1,605 | 1,823 | 2,119 | 2,306 | 2,662 | 3,155 | 3,492 | 3,553 | 3,906 | 3,935 | 4,148 |
Preference Capital | 74 | 74 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
1,301 | 1,232 | 836 | 806 | 594 | 312 | 211 | 252 | 262 | 10 | 16 | 102 | |
1,001 | 1,032 | 1,195 | 1,410 | 1,547 | 1,719 | 1,985 | 1,774 | 2,003 | 1,999 | 2,294 | 2,767 | |
Total Liabilities | 3,739 | 3,896 | 3,881 | 4,362 | 4,474 | 4,719 | 5,379 | 5,544 | 5,845 | 5,941 | 6,271 | 7,043 |
1,594 | 1,607 | 1,811 | 1,797 | 1,726 | 1,705 | 1,752 | 1,901 | 1,942 | 1,905 | 1,843 | 1,768 | |
CWIP | 114 | 82 | 90 | 61 | 137 | 72 | 190 | 199 | 128 | 110 | 77 | 173 |
Investments | 25 | 25 | 25 | 25 | 26 | 26 | 26 | 26 | 14 | 16 | 16 | 16 |
2,005 | 2,181 | 1,954 | 2,478 | 2,586 | 2,916 | 3,411 | 3,418 | 3,761 | 3,910 | 4,335 | 5,087 | |
Total Assets | 3,739 | 3,896 | 3,881 | 4,362 | 4,474 | 4,719 | 5,379 | 5,544 | 5,845 | 5,941 | 6,271 | 7,043 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
152 | 290 | 839 | 539 | 544 | 562 | 644 | 507 | 619 | 899 | -121 | 77 | |
-428 | -157 | -327 | -245 | -234 | -196 | -430 | -402 | -151 | -160 | -120 | -148 | |
211 | -173 | -572 | -297 | -301 | -363 | -198 | -95 | -88 | -286 | -292 | -130 | |
Net Cash Flow | -64 | -40 | -60 | -3 | 9 | 3 | 17 | 10 | 380 | 453 | -533 | -201 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 76 | 83 | 75 | 84 | 100 | 97 | 85 | 76 | 120 | 79 | 69 | 104 |
Inventory Days | 297 | 293 | 276 | 322 | 326 | 265 | 323 | 310 | 555 | 300 | 318 | 107 |
Days Payable | 145 | 113 | 170 | 196 | 200 | 172 | 185 | 154 | 308 | 204 | 160 | 74 |
Cash Conversion Cycle | 228 | 262 | 182 | 211 | 226 | 190 | 223 | 231 | 368 | 174 | 227 | 137 |
Working Capital Days | 73 | 66 | 38 | 37 | 50 | 57 | 49 | 59 | 74 | 31 | 50 | 65 |
ROCE % | 13% | 14% | 16% | 19% | 14% | 22% | 28% | 17% | 5% | 13% | 11% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
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Compliances-Reg.24(A)-Annual Secretarial Compliance
15 May - Annual Secretarial Compliance Report of the company duly issued by Sudhir Vishnupant Hulyalkar, Company Secretaries, for the year ended March 31, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 May - Letter dated May 08, 2024, whereby the Company had submitted the link to the audio recording of Earning call held post announcement of Financial Results …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 May - B) of SEBI Listing Regulations, we hereby enclosed published copies of the financial results for the quarter and year ended March 31, 2024 in the …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
8 May - In compliance with Regulation 30 read with Schedule III to the SEBI (LODR) Regulations, 2015 ('the Regulations'), please find a weblink of audio recording of …
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from nse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Oct 2022TranscriptPPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021TranscriptPPT
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May 2021Transcript PPT
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Nov 2020Transcript PPT
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Aug 2020TranscriptPPT
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Jun 2020TranscriptPPT
Brand Portfolio
The Co markets its products under the flagship brands Kingfisher and Heineken. Some of the most popular brands in its portfolio include Kingfisher Premium, Kingfisher Ultra, Kingfisher Strong, Kingfisher Ultra Max, UB Export Lager, London Pilsner etc. [1]