United Breweries Ltd

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

United Breweries Ltd

₹ 1,219 -0.20%
12 Nov - 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:[1]
United Breweries Ltd. is India’s largest beer manufacturer and forms part of the HEINEKEN group. Its portfolio spans mainstream, premium and super-premium offerings led by Kingfisher, Kingfisher Ultra, Ultra Max, Heineken, Heineken Silver and Amstel. Regional brands include UB Export, London Pilsner, Bullet and Kalyani Black Label. In FY26, the company has 207 million cases sold, 28 products, 13 brands and exports to 50+ markets.

Website BSE NSE
  • Market Cap ₹ 32,220 Cr.
  • Current Price ₹ 1,219
  • High / Low ₹ 1,819 / 1,128
  • Stock P/E 74.2
  • Book Value ₹ 172
  • Dividend Yield 0.82 %
  • ROCE 10.7 %
  • ROE 8.42 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company has been maintaining a healthy dividend payout of 62.8%
  • Company's working capital requirements have reduced from 45.6 days to 24.6 days

Cons

  • Stock is trading at 7.06 times its book value
  • Company has a low return on equity of 9.73% 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

Fast Moving Consumer Goods Fast Moving Consumer Goods Beverages Breweries & Distilleries

Part of BSE 500 BSE Fast Moving Consumer Goods BSE 200 BSE Dollex 200 Nifty 500

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
1,890 1,824 2,133 2,475 2,117 2,000 2,323 2,864 2,053 2,073 2,250 3,067 2,537
1,706 1,678 1,991 2,190 1,890 1,859 2,136 2,553 1,923 1,847 2,111 2,784 2,278
Operating Profit 184 146 143 285 227 141 187 311 130 226 139 283 259
OPM % 10% 8% 7% 12% 11% 7% 8% 11% 6% 11% 6% 9% 10%
12 25 26 7 10 -16 8 11 15 -8 82 51 41
Interest 1 2 2 2 2 3 6 11 15 17 29 23 28
Depreciation 51 52 58 58 57 61 57 63 64 69 76 86 89
Profit before tax 144 117 110 233 178 61 132 248 66 132 116 224 183
Tax % 26% 27% 26% 26% 26% 37% 26% 26% 30% 39% 12% 26% 26%
107 86 82 174 132 39 98 184 46 81 102 166 135
EPS in Rs 4.06 3.23 3.07 6.56 5.00 1.45 3.69 6.95 1.76 3.06 3.85 6.29 5.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
4,688 4,833 4,729 5,619 6,475 6,509 4,243 5,838 7,500 8,123 8,915 9,240 9,927
4,066 4,136 4,087 4,716 5,337 5,633 3,862 5,142 6,884 7,426 8,074 8,434 9,021
Operating Profit 622 697 642 903 1,138 876 381 697 616 696 841 806 906
OPM % 13% 14% 14% 16% 18% 13% 9% 12% 8% 9% 9% 9% 9%
37 82 52 13 32 9 43 30 16 74 10 100 167
Interest 73 81 59 48 31 31 23 15 5 7 13 72 97
Depreciation 208 244 287 260 260 285 232 217 211 212 233 272 320
Profit before tax 379 455 348 608 879 569 169 494 417 551 605 562 656
Tax % 31% 34% 34% 35% 36% 25% 33% 26% 27% 25% 27% 26%
260 299 230 395 563 428 114 366 305 411 442 413 484
EPS in Rs 9.83 11.28 8.68 14.91 21.29 16.18 4.28 13.82 11.50 15.51 16.71 15.63 18.32
Dividend Payout % 10% 10% 13% 13% 12% 15% 12% 76% 65% 64% 60% 64%
Compounded Sales Growth
10 Years: 7%
5 Years: 17%
3 Years: 7%
TTM: 7%
Compounded Profit Growth
10 Years: 3%
5 Years: 26%
3 Years: 5%
TTM: 14%
Stock Price CAGR
10 Years: 4%
5 Years: -7%
3 Years: -8%
1 Year: -33%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 10%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 26 26 26 26 26 26 26 26 26 26 26 26 26
Reserves 1,824 2,121 2,308 2,664 3,157 3,494 3,556 3,909 3,938 4,152 4,337 4,496 4,534
836 806 594 312 211 252 262 10 16 102 620 1,317 1,119
1,198 1,413 1,550 1,721 1,989 1,778 2,008 2,004 2,300 2,773 3,239 3,854 3,794
Total Liabilities 3,885 4,366 4,479 4,723 5,384 5,551 5,852 5,949 6,280 7,053 8,223 9,693 9,474
1,836 1,822 1,750 1,730 1,777 1,926 1,949 1,913 1,851 1,776 1,749 2,050 2,143
CWIP 90 61 137 72 190 199 129 110 77 173 253 512 520
Investments 0 0 0 0 0 0 6 8 8 8 8 8 8
1,959 2,483 2,591 2,921 3,417 3,425 3,768 3,918 4,344 5,097 6,213 7,123 6,803
Total Assets 3,885 4,366 4,479 4,723 5,384 5,551 5,852 5,949 6,280 7,053 8,223 9,693 9,474

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
841 539 544 563 643 508 620 900 -120 70 214 435
-329 -245 -234 -197 -430 -402 -152 -160 -121 -148 -238 -408
-572 -297 -301 -364 -196 -95 -88 -287 -292 -122 237 92
Net Cash Flow -60 -3 9 3 17 10 380 453 -533 -201 213 118
Free Cash Flow 434 296 309 362 206 104 471 727 -274 -121 -45 2
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 158% 100% 107% 90% 91% 80% 184% 148% 3% 30% 48% 81%

Ratios

Consolidated / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 75 84 100 97 85 76 120 78 68 104 117 116
Inventory Days 283 330 333 271 326 312 561 302 321 298 327 432
Days Payable 173 200 204 175 186 156 311 206 161 207 296 361
Cash Conversion Cycle 184 214 229 193 225 232 370 174 228 196 148 187
Working Capital Days 23 21 34 53 48 50 62 31 49 62 50 25
ROCE % 16% 18% 14% 22% 28% 17% 5% 13% 11% 13% 14% 11%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Contract Breweries
number

Log in to view insights

Please log in to see hidden values.

Login
Owned Breweries
number
Market Share
%
Total Volume Growth
% YoY ・Standalone data
Premium Volume Growth
% YoY ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
70.84% 70.84% 70.84% 70.84% 70.84% 70.84% 70.84% 70.84% 70.84% 70.84% 70.84% 70.84%
6.71% 6.63% 6.43% 6.26% 6.43% 6.92% 6.73% 6.26% 5.50% 4.94% 4.87% 5.36%
16.06% 16.12% 16.38% 16.62% 16.52% 16.17% 16.37% 16.68% 17.45% 18.08% 17.79% 17.27%
1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16%
5.22% 5.25% 5.19% 5.13% 5.06% 4.93% 4.92% 5.07% 5.07% 4.99% 5.37% 5.37%
No. of Shareholders 65,41866,91467,86866,79468,48368,80271,17778,87781,33279,46493,90895,495

* 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