United Breweries Ltd

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

United Breweries Ltd

₹ 1,389 0.58%
14 May - 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 ₹ 36,719 Cr.
  • Current Price ₹ 1,389
  • High / Low ₹ 2,135 / 1,362
  • Stock P/E 98.2
  • Book Value ₹ 171
  • Dividend Yield 0.72 %
  • ROCE 10.7 %
  • ROE 8.42 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 62.8%
  • Company's working capital requirements have reduced from 45.5 days to 24.6 days

Cons

  • Stock is trading at 8.14 times its book value
  • Company has a low return on equity of 9.73% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,766 2,275 1,890 1,824 2,133 2,475 2,117 2,000 2,323 2,864 2,053 2,073 2,250
1,712 2,052 1,706 1,678 1,991 2,190 1,890 1,859 2,136 2,553 1,923 1,847 2,111
Operating Profit 54 223 184 146 143 285 227 141 187 311 130 226 139
OPM % 3% 10% 10% 8% 7% 12% 11% 7% 8% 11% 6% 11% 6%
12 10 12 25 26 7 10 -16 8 11 15 -8 82
Interest 1 2 1 2 2 2 2 3 6 11 15 17 29
Depreciation 51 51 51 52 58 58 57 61 57 63 64 69 76
Profit before tax 13 180 144 117 110 233 178 61 132 248 66 132 116
Tax % 27% 24% 26% 27% 26% 26% 26% 37% 26% 26% 30% 39% 12%
10 136 107 86 82 174 132 39 98 184 46 81 102
EPS in Rs 0.37 5.15 4.06 3.23 3.07 6.56 5.00 1.45 3.69 6.95 1.76 3.06 3.85
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
4,688 4,833 4,729 5,619 6,475 6,509 4,243 5,838 7,500 8,123 8,915 9,240
4,066 4,136 4,087 4,716 5,337 5,633 3,862 5,142 6,884 7,426 8,074 8,434
Operating Profit 622 697 642 903 1,138 876 381 697 616 696 841 806
OPM % 13% 14% 14% 16% 18% 13% 9% 12% 8% 9% 9% 9%
37 82 52 13 32 9 43 30 16 74 10 100
Interest 73 81 59 48 31 31 23 15 5 7 13 72
Depreciation 208 244 287 260 260 285 232 217 211 212 233 272
Profit before tax 379 455 348 608 879 569 169 494 417 551 605 562
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
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
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: 4%
Compounded Profit Growth
10 Years: 3%
5 Years: 26%
3 Years: 5%
TTM: -19%
Stock Price CAGR
10 Years: 6%
5 Years: 3%
3 Years: -1%
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
Equity Capital 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
836 806 594 312 211 252 262 10 16 102 620 1,317
1,198 1,413 1,550 1,721 1,989 1,778 2,008 2,004 2,300 2,773 3,239 3,854
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
1,836 1,822 1,750 1,730 1,777 1,926 1,949 1,913 1,851 1,776 1,749 2,050
CWIP 90 61 137 72 190 199 129 110 77 173 253 512
Investments 0 0 0 0 0 0 6 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
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

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 70 235 435
-329 -245 -234 -197 -430 -402 -152 -160 -121 -148 -239 -409
-572 -297 -301 -364 -196 -95 -88 -287 -292 -122 217 92
Net Cash Flow -60 -3 9 3 17 10 380 453 -533 -201 213 117
Free Cash Flow 434 296 309 362 206 104 471 727 -274 -121 -23 2
CFO/OP 158% 100% 107% 90% 91% 80% 184% 148% 3% 30% 51% 81%

Ratios

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
Debtor Days 75 84 100 97 85 76 120 78 68 104 117 116
Inventory Days 283 330 333 271 326 312 561 302 321 298 327 152
Days Payable 173 200 204 175 186 156 311 206 161 207 232 127
Cash Conversion Cycle 184 214 229 193 225 232 370 174 228 196 211 141
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 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Jun 2025
Contract Manufacturing Units
Number ・Standalone data

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Owned Breweries
Number ・Standalone data
Total Manufacturing Units
Number ・Standalone data
Beer Sales Volume
Million Cases
Market Share (Beer)
% ・Standalone data
Kingfisher Ultra Sales
Million Cases ・Standalone data
Kingfisher Ultra Max Sales
Million Cases ・Standalone data
Visi-Cooler Footprint
Number ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
72.72% 71.00% 70.84% 70.84% 70.84% 70.84% 70.84% 70.84% 70.84% 70.84% 70.84% 70.84%
6.31% 6.70% 6.71% 6.63% 6.43% 6.26% 6.43% 6.92% 6.73% 6.26% 5.50% 4.94%
14.65% 15.97% 16.06% 16.12% 16.38% 16.62% 16.52% 16.17% 16.37% 16.68% 17.45% 18.08%
1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16%
5.16% 5.19% 5.22% 5.25% 5.19% 5.13% 5.06% 4.93% 4.92% 5.07% 5.07% 4.99%
No. of Shareholders 69,38467,95465,41866,91467,86866,79468,48368,80271,17778,87781,33279,464

* 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.

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