United Spirits Ltd

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

United Spirits Ltd

₹ 1,557 0.04%
20 May - close price
diageoindia.com BSE: 532432 NSE: UNITDSPR
About

Diageo India incorporated in India as United Spirits Ltd.(USL) is the country’s leading beverage alcohol company and a subsidiary of global leader Diageo PLC. The company manufactures, sells, and distributes a wide portfolio of premium brands such as Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Signature, Royal Challenge, McDowell’s No.1, Smirnoff and Captain Morgan. [1]

Key Points

Brand Portfolio
USL has a comprehensive brand portfolio with more than 80 brands of Scotch whisky, IMFL whisky, brandy, rum, vodka, and gin. Out of these, 9 brands that sell more than a million cases each year, of which 1 brands sells over more than 25 million cases each annually [1]

Website BSE NSE
  • Market Cap ₹ 1,13,219 Cr.
  • Current Price ₹ 1,557
  • High / Low ₹ 1,700 / 1,136
  • Stock P/E 69.4
  • Book Value ₹ 111
  • Dividend Yield 0.58 %
  • ROCE 28.7 %
  • ROE 21.4 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 23.1% CAGR over last 5 years

Cons

  • Stock is trading at 14.0 times its book value
  • The company has delivered a poor sales growth of 5.29% over past five 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

Part of BSE 500 BSE Fast Moving Consumer Goods BSE 100 BSE 200 Nifty Next 50

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2,536 2,419 2,911 2,779 2,503 2,667 2,869 3,002 2,783 2,761 2,844 3,433 3,031
2,104 2,047 2,474 2,407 2,268 1,955 2,401 2,516 2,449 2,049 2,344 2,868 2,572
Operating Profit 432 372 437 372 235 712 468 486 334 712 500 565 459
OPM % 17% 15% 15% 13% 9% 27% 16% 16% 12% 26% 18% 16% 15%
-97 -12 389 -127 0 5 71 52 80 35 54 7 175
Interest 16 22 21 24 36 4 27 16 29 22 25 20 22
Depreciation 77 83 66 65 69 74 66 63 73 72 69 72 70
Profit before tax 241 254 739 155 130 639 446 459 312 653 460 480 542
Tax % 26% -3% 26% -38% 21% 25% 24% 24% 23% 26% 26% 30% 22%
179 261 548 214 103 477 339 350 241 485 341 335 421
EPS in Rs 2.50 3.66 7.61 2.95 1.41 6.56 4.66 4.81 3.31 6.67 4.69 4.61 5.79
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
10,508 9,254 8,495 8,818 8,591 9,341 9,325 8,131 9,712 10,612 11,321 12,069
13,876 9,619 8,162 7,826 7,381 7,947 7,756 7,080 8,117 9,195 9,321 9,833
Operating Profit -3,368 -366 333 991 1,209 1,394 1,569 1,051 1,595 1,417 2,000 2,236
OPM % -32% -4% 4% 11% 14% 15% 17% 13% 16% 13% 18% 19%
681 -360 648 -265 172 70 89 -25 -117 249 208 271
Interest 1,323 687 457 375 278 237 212 188 88 104 76 89
Depreciation 203 223 157 189 192 215 285 299 304 283 275 283
Profit before tax -4,213 -1,635 366 163 912 1,012 1,160 540 1,087 1,279 1,857 2,135
Tax % 7% 3% 61% 43% 28% 32% 47% 33% 25% 12% 24% 26%
-4,489 -1,687 143 93 652 684 621 362 811 1,126 1,408 1,582
EPS in Rs -61.78 -23.23 1.90 1.38 8.72 9.64 9.07 5.28 11.40 15.63 19.36 21.75
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 46% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 5%
3 Years: 8%
TTM: 7%
Compounded Profit Growth
10 Years: 14%
5 Years: 23%
3 Years: 21%
TTM: 18%
Stock Price CAGR
10 Years: 8%
5 Years: 21%
3 Years: 25%
1 Year: 33%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 20%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 145 145 145 145 145 145 145 145 145 145 145 145
Reserves 2,887 514 1,489 1,640 2,274 2,945 3,583 3,974 4,808 5,854 6,976 7,959
8,307 4,987 4,242 4,144 3,421 2,883 2,570 1,037 605 183 265 480
3,518 2,242 2,452 2,967 3,086 3,135 2,546 3,354 3,304 3,534 3,790 4,664
Total Liabilities 14,858 7,889 8,329 8,896 8,926 9,109 8,844 8,511 8,863 9,716 11,176 13,248
5,700 1,921 1,887 1,917 1,791 1,841 1,956 1,893 1,855 1,534 1,560 1,712
CWIP 110 114 282 199 102 118 121 97 96 83 37 72
Investments 238 216 77 0 0 25 22 0 222 286 645 923
8,810 5,637 6,084 6,780 7,033 7,124 6,745 6,521 6,690 7,813 8,934 10,541
Total Assets 14,858 7,889 8,329 8,896 8,926 9,109 8,844 8,511 8,863 9,716 11,176 13,248

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-552 -196 283 647 925 948 783 1,818 977 615 1,118 1,947
-252 3,855 733 -227 104 -66 -194 -99 -313 -55 226 -1,114
1,235 -4,002 -1,155 -475 -966 -808 -740 -1,707 -688 -500 -407 -557
Net Cash Flow 431 -343 -139 -56 63 74 -150 12 -23 60 937 276

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 79 69 99 122 115 99 89 98 89 84 99 103
Inventory Days 185 123 150 226 263 235 199 254 229 193 186 132
Days Payable 115 56 78 144 195 171 124 176 168 154 176 128
Cash Conversion Cycle 148 136 171 205 183 163 165 177 150 122 108 107
Working Capital Days 96 83 99 98 86 74 58 59 57 54 56 79
ROCE % -24% -3% 15% 15% 18% 20% 21% 14% 25% 20% 28% 29%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
56.73% 56.74% 56.74% 56.68% 56.68% 56.68% 56.68% 56.68% 56.68% 56.68% 56.68% 56.68%
16.76% 16.07% 15.98% 15.38% 15.92% 16.51% 16.23% 16.68% 15.09% 16.11% 15.93% 14.98%
10.85% 11.61% 12.08% 12.70% 12.64% 12.32% 12.49% 12.27% 14.00% 13.15% 13.54% 14.59%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
15.65% 15.58% 15.20% 15.24% 14.77% 14.49% 14.60% 14.37% 14.22% 14.04% 13.83% 13.73%
No. of Shareholders 2,52,2642,74,3072,58,1892,68,9932,49,3952,49,7412,64,5832,51,0952,52,1212,45,5582,57,7692,64,995

* 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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