United Breweries Ltd

United Breweries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

United Breweries Ltd

₹ 1,854 0.28%
16 Apr - close price
unitedbreweries.com BSE: 532478 NSE : UBL
About

United Breweries Limited (UBL) is engaged in the business of manufacture and sale of beer and non-alcoholic beverages. [1]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 49,008 Cr.
  • Current Price ₹ 1,854
  • High / Low ₹ 1,914 / 1,342
  • Stock P/E 145
  • Book Value ₹ 152
  • Dividend Yield 0.40 %
  • ROCE 11.4 %
  • ROE 8.26 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 51.0%
  • Debtor days have improved from 89.0 to 68.6 days.

Cons

  • Stock is trading at 12.2 times its book value
  • The company has delivered a poor sales growth of 5.88% over past five years.
  • Company has a low return on equity of 7.18% over last 3 years.

* 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

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,290 1,543 1,118 1,426 1,581 1,707 2,437 1,680 1,611 1,764 2,273 1,888 1,823
1,116 1,282 1,023 1,261 1,407 1,447 2,172 1,460 1,534 1,711 2,050 1,703 1,677
Operating Profit 173 261 95 166 174 260 265 219 77 53 223 185 146
OPM % 13% 17% 9% 12% 11% 15% 11% 13% 5% 3% 10% 10% 8%
60 -51 6 5 6 13 10 14 -20 12 10 12 24
Interest 5 4 4 5 4 2 1 1 2 1 2 1 2
Depreciation 58 62 55 56 53 53 58 52 50 51 51 51 52
Profit before tax 170 144 42 110 123 218 217 180 5 13 180 145 116
Tax % 26% 33% 27% 27% 26% 25% 26% 26% 145% 26% 24% 26% 27%
126 97 31 81 91 163 162 134 -2 10 136 108 85
EPS in Rs 4.78 3.66 1.17 3.05 3.43 6.16 6.11 5.08 -0.08 0.37 5.15 4.07 3.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
3,562 3,903 4,236 4,692 4,839 4,734 5,629 6,472 6,505 4,241 5,832 7,492 7,748
3,150 3,426 3,639 4,071 4,109 4,093 4,727 5,335 5,630 3,861 5,137 6,877 7,142
Operating Profit 412 477 597 621 730 641 902 1,138 874 380 695 614 606
OPM % 12% 12% 14% 13% 15% 14% 16% 18% 13% 9% 12% 8% 8%
53 38 15 37 48 52 12 32 9 43 30 16 58
Interest 99 80 80 73 81 59 48 31 31 23 15 5 6
Depreciation 149 170 198 207 244 287 260 260 285 232 217 210 205
Profit before tax 218 265 334 378 453 347 607 878 567 168 493 415 454
Tax % 42% 35% 32% 31% 34% 34% 35% 36% 25% 33% 26% 27%
126 172 226 260 298 229 394 563 427 113 365 303 338
EPS in Rs 4.78 6.51 8.53 9.82 11.27 8.67 14.90 21.28 16.16 4.27 13.80 11.48 12.80
Dividend Payout % 15% 11% 11% 10% 10% 13% 13% 12% 15% 12% 76% 65%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 5%
TTM: 4%
Compounded Profit Growth
10 Years: 7%
5 Years: -4%
3 Years: -9%
TTM: -28%
Stock Price CAGR
10 Years: 9%
5 Years: 5%
3 Years: 19%
1 Year: 32%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 7%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 26 26 26 26 26 26 26 26 26 26 26 26 26
Reserves 1,265 1,410 1,605 1,823 2,119 2,306 2,662 3,155 3,492 3,553 3,906 3,935 3,984
Preference Capital 74 74 74 0 0 0 0 0 0 0 0 0
992 1,301 1,232 836 806 594 312 211 252 262 10 16 15
1,004 1,001 1,032 1,195 1,410 1,547 1,719 1,985 1,774 2,003 1,999 2,294 2,337
Total Liabilities 3,287 3,739 3,896 3,881 4,362 4,474 4,719 5,379 5,544 5,845 5,941 6,271 6,363
1,219 1,594 1,607 1,811 1,797 1,726 1,705 1,752 1,901 1,942 1,905 1,843 1,791
CWIP 207 114 82 90 61 137 72 190 199 128 110 77 134
Investments 25 25 25 25 25 26 26 26 26 14 16 16 16
1,835 2,005 2,181 1,954 2,478 2,586 2,916 3,411 3,418 3,761 3,910 4,335 4,422
Total Assets 3,287 3,739 3,896 3,881 4,362 4,474 4,719 5,379 5,544 5,845 5,941 6,271 6,363

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
189 152 290 839 539 544 562 644 507 619 899 -121
-334 -428 -157 -327 -245 -234 -196 -430 -402 -151 -160 -120
205 211 -173 -572 -297 -301 -363 -198 -95 -88 -286 -292
Net Cash Flow 59 -64 -40 -60 -3 9 3 17 10 380 453 -533

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 72 76 83 75 84 100 97 85 76 120 79 69
Inventory Days 255 297 293 276 322 326 265 323 310 555 300 318
Days Payable 245 145 113 170 196 200 172 185 154 308 204 160
Cash Conversion Cycle 82 228 262 182 211 226 190 223 231 368 174 227
Working Capital Days 59 73 66 38 37 50 57 49 59 74 31 50
ROCE % 15% 13% 14% 16% 19% 14% 22% 28% 17% 5% 13% 11%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.71% 72.71% 72.71% 72.71% 72.71% 72.72% 72.72% 72.72% 72.72% 71.00% 70.84% 70.84%
9.80% 9.78% 9.61% 8.70% 7.69% 6.93% 6.94% 6.43% 6.31% 6.70% 6.71% 6.63%
10.10% 10.49% 10.90% 11.92% 13.01% 13.87% 13.91% 14.41% 14.65% 15.97% 16.06% 16.12%
1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16%
6.23% 5.86% 5.62% 5.51% 5.43% 5.32% 5.28% 5.27% 5.16% 5.19% 5.22% 5.25%
No. of Shareholders 66,13363,30166,55666,55964,67563,57661,76063,47569,38467,95465,41866,914

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Right Issue

Credit ratings

Concalls