United Spirits
Market cap ₹88,899 Cr
- P/E
- 52.72
- Day range
- ₹1,240.00 – ₹1,283.80
- 52-week range
- ₹1,210.80 – ₹1,563.40
- Volume
- 8.32 L
- Open
- ₹1,272.00
- Prev close
- ₹1,284.50
Latest results · Q1 FY27(consolidated)Revenue ₹6,122 Cr-2.7%Profit ₹463 Cr+10.9%Margin 7.6%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
UNITDSPR in NSE indices and F&O
F&O margin for one lot of UNITDSPR (400 shares)Research profile
Composite 59 / 100Factor percentiles
Derived metrics
- Earn. yield
- 1.9%
- Graham no.
- ₹265.65
- vs Graham
- -78.8%
- ROE ÷ P/B
- 2.1%
- 12-1 mom.
- +7.3%
- Return / vol
- -0.16
- Magic Formula
- #320
- Piotroski
- 5/6
- FCF yield
- 1.4%
- PEG
- 1.88
Appears in 15 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 44 in FMCG| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Hindustan UnileverHINDUNILVR | ₹4.26 L Cr | 40.69 | 8.83 | 30.7% | 28.0% | 23.0% | 0.03 | +10.1% |
| ITCITC | ₹3.23 L Cr | 16.28 | 4.46 | 29.5% | 39.0% | 27.0% | 0.03 | -11.1% |
| Nestle IndiaNESTLEIND | ₹2.27 L Cr | 55.56 | 39.17 | 76.3% | 85.0% | 24.0% | 0.08 | +20.3% |
| Varun BeveragesVBL | ₹1.34 L Cr | 39.51 | 6.82 | 16.9% | 20.0% | 28.0% | 0.13 | +20.4% |
| Britannia IndustriesBRITANNIA | ₹1.09 L Cr | 41.97 | 21.82 | 53.6% | 56.0% | 17.0% | 0.27 | +8.2% |
| MaricoMARICO | ₹99,371 Cr | 52.64 | 23.64 | 44.3% | 47.0% | 21.0% | 0.13 | +22.9% |
| Tata Consumer ProductsTATACONSUM | ₹95,397 Cr | 58.35 | 4.38 | 7.4% | 9.0% | 14.0% | 0.13 | +11.9% |
| United SpiritsUNITDSPR | ₹88,899 Cr | 52.72 | 10.18 | 21.6% | 26.0% | 16.0% | 0.05 | -10.4% |
| Sector median | ₹14,410 Cr | 32.38 | 5.71 | 18.0% | 19.0% | 16.5% | 0.13 | +12.1% |
Sector as classified in the tracked universe; medians use every tracked FMCG company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 6d agoHeadlines about United Spirits from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 49.1
- Price / Book
- 10.18
- ROE (FY26)
- 21.6%
- ROCE (latest year)
- 26%
- Dividend yield
- 1.36%
Moving averages (NSE)
- 20-day
- ₹1,356.52
- Price below
- 50-day
- ₹1,426.19
- Price below
- 200-day
- ₹1,368.93
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- DII
- FII
- Public
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the split of 15 Jun 2018: earlier bars are per pre-split share.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,869 | 3,002 | 2,783 | 2,761 | 2,844 | 3,433 | 2,946 | 3,021 | 3,173 | 3,691 | 3,054 | 2,708 |
| Expenses | 2,401 | 2,516 | 2,449 | 2,049 | 2,344 | 2,868 | 2,437 | 2,383 | 2,514 | 3,077 | 2,461 | 2,279 |
| Operating Profit | 468 | 486 | 334 | 712 | 500 | 565 | 509 | 638 | 659 | 614 | 593 | 429 |
| OPM % | 16% | 16% | 12% | 26% | 18% | 16% | 17% | 21% | 21% | 17% | 19% | 16% |
| Other Income | 71 | 52 | 80 | 35 | 54 | 7 | 136 | 58 | 51 | 28 | 226 | 218 |
| Interest | 27 | 16 | 29 | 22 | 25 | 20 | 22 | 49 | 21 | 19 | 69 | 30 |
| Depreciation | 66 | 63 | 73 | 72 | 69 | 72 | 70 | 76 | 65 | 80 | 76 | 72 |
| Profit before tax | 446 | 459 | 312 | 653 | 460 | 480 | 553 | 571 | 624 | 543 | 674 | 545 |
| Tax % | 24% | 24% | 23% | 26% | 26% | 30% | 24% | 27% | 26% | 23% | 20% | 15% |
| Net Profit | 339 | 350 | 241 | 485 | 341 | 335 | 421 | 417 | 464 | 418 | 539 | 463 |
| EPS in Rs | ₹4.66 | ₹4.81 | ₹3.31 | ₹6.67 | ₹4.69 | ₹4.61 | ₹5.79 | ₹5.73 | ₹6.38 | ₹5.75 | ₹7.41 | ₹6.37 |
From company filings, updated 25 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+8 days since Mar 2021
-38 days since Mar 2021
+17 days since Mar 2021
-48 days since Mar 2021
+39 days since Mar 2021
Strengths, risks & growth
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]
Strengths
- Company is almost debt free.
- Company has delivered good profit growth of 34.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 56.1%
Risks
- Stock is trading at 10.2 times its book value
- The company has delivered a poor sales growth of 8.92% over past five years.
Compounded Sales Growth
- 10 Years
- +4%
- 5 Years
- +9%
- 3 Years
- +6%
- TTM
- +3%
Compounded Profit Growth
- 10 Years
- +29%
- 5 Years
- +35%
- 3 Years
- +23%
- TTM
- +15%
Stock Price CAGR
- 10 Years
- +10%
- 5 Years
- +9%
- 3 Years
- +7%
- 1 Year
- -8%
Return on Equity
- 10 Years
- +20%
- 5 Years
- +20%
- 3 Years
- +21%
- Last Year
- +21%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 56.68% | 56.68% | 56.68% | 56.68% | 0.00 pp |
| FII | 14.13% | 14.41% | 12.89% | 12.85% | -0.04 pp |
| DII | 15.36% | 15.36% | 17.14% | 17.65% | +0.51 pp |
| Government | 0.01% | 0.01% | 0.01% | 0.01% | 0.00 pp |
| Public | 13.84% | 13.54% | 13.29% | 12.83% | -0.46 pp |
Filed with NSE for Sept 2026: promoters 56.67%, public 43.33% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 14.83% (-0.20 pp)- Promoters56.7%
- Foreign institutions12.8%
- Mutual funds14.8%
- Insurance1.7%
- Other domestic institutions1.1%
- Retail4.8%
- Others8.0%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| HDFC Mid Cap Fund | 1.93% | 1.90% | +0.30 pp |
| HDFC Flexi Cap Fund | 0.77% | 0.72% | -0.01 pp |
| ICICI Pru Large Cap Fund | 0.74% | 0.97% | -0.10 pp |
| HDFC Large Cap Fund | 0.64% | 1.73% | +0.08 pp |
| Aditya Birla SL Large Cap Fund | 0.53% | 1.88% | +0.09 pp |
Scorecard
- Performance
- Avg
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 24.5%
- Downside volatility
- 24.9%
- Worst 5% of days
- 2.5%
- Average of that tail
- 3.3%
- Max drawdown (1Y)
- 19.5%
- Below its peak
- 19.5%
Against the market
- Beta vs Nifty 50
- 0.87
- Correlation
- 0.47
- Relative strength (3M)
- -6.4%
- ATR (14)
- 2.8%
Return
- Return 1M
- -10.4%
- Return 3M
- -11.7%
- Return 6M
- -10.1%
- Return 1Y
- -3.9%
- vs 200-day average
- -8.5%
Momentum
- RSI (14) · oversold
- 28.7
- MACD histogram
- -7.02
- Stochastic %K
- 7.3
- ADX (14)
- 29.4
- +DI / −DI
- 13.1 / 40.6
- Money flow index
- 56.8
Participation
- Delivery (20d avg)
- 60.8%
- vs its 60-day baseline
- +0.3 pts
- Volume vs 20-day
- -0.2σ
- Close vs day's VWAP
- -0.1%
- 52-week position
- 10 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
5 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — passed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — passed
- Current ratio improving — passed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — failed
- Free cash flow
- ₹1,278 Cr
- FCF yield
- 1.4%
- Cash conversion
- 0.79
- Accruals ratio
- 0.026
- Net debt
- -₹385 Cr
- Net debt / equity
- -0.04
- EV / sales
- 3.15
- PEG
- 1.88
- Capex intensity
- 0.6%
- Revenue CAGR
- 3.3%
- Profit CAGR
- 28.0%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹11.00
Dividend - Rs 11 Per Share
8 Jul 2026ex-date - dividend₹6.00
Interim Dividend - Rs 6 Per Share
27 Jan 2026ex-date - dividend₹8.00
Dividend - Rs 8 Per Share
1 Aug 2025ex-date - dividend₹4.00
Interim Dividend - Rs 4 Per Share
3 Apr 2025ex-date - dividend₹5.00
Dividend - Rs 5 Per Share
12 Jul 2024ex-date - dividend₹4.00
Interim Dividend - Rs 4 Per Share
17 Nov 2023ex-date - otherNot available — not reported in this filing
Annual General Meeting
13 Aug 2019ex-date - otherNot available — not reported in this filing
Annual General Meeting
30 Aug 2018ex-date - splitNot available — not reported in this filing
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
15 Jun 2018ex-date - otherNot available — not reported in this filing
Annual General Meeting
22 Aug 2017ex-date - otherNot available — not reported in this filing
Annual General Meeting
18 Sept 2014ex-date - dividend₹2.50
Annual General Meeting And Dividend Rs.2.50 Per Share
16 Sept 2013ex-date - dividend₹2.50
Annual General Meeting/ Dividend Rs. 2.50 Per Share
17 Sept 2012ex-date - dividend₹2.50
Annual General Meeting And Dividend Rs.2.50 Per Share
21 Sept 2011ex-date - dividend₹2.50
Annual General Meeting And Dividend Rs.2.50 Per Share
21 Sept 2010ex-date - otherNot available — not reported in this filing
Agm/Div-Rs.2/- Per Share
22 Sept 2009ex-date - dividendNot available — not reported in this filing
Agm/Dividend - 15%
19 Dec 2008ex-date - dividendNot available — not reported in this filing
Agm/Final Dividend-10%
20 Nov 2007ex-date - dividendNot available — not reported in this filing
Interim Dividend-15% Purpose Revised
22 Mar 2007ex-date - dividendNot available — not reported in this filing
Agm/Dividend-20%
8 Dec 2006ex-date
Company announcements
Newspaper Publication - SEBI Special Window
Intimation of Investors call pursuant to Regulation 30(6) read with Part A of Schedule III of SEBI Listing Regulations.
United Spirits Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2026 ,inter alia, to consider and approve Unaudited Financial Results ....
Completion of second term of Mr. V K Viswanathan, Independent Director of the Company.
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Resignation by Senior Management Personnel (SMP)
Intimation of trading window closure.
Intimation regarding completion of investment in Nuvola Spirits Private Limited
Schedule of Analysts/ Institutional Investors meeting - Conference
Disclosure under Regulation 30 of SEBI Listing Regulations - ESG Ratings
Schedule of Analysts/ Institutional Investors meeting - Conference
Disclosure under Regulation 30 of SEBI Listing Regulations - ESG Ratings
Schedule of Analysts/ Institutional Investors meeting - Conference
Disclosure under Regulation 30 of SEBI Listing Regulations
Disclosure under Regulation 30 of SEBI Listing Regulations
Filed with BSE (scrip 532432); the last 45 days. Documents open at bseindia.com.
SEBI filings & orders
From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.
Buybacks, open offers & rights issues
- Open offer
United Spirits Limited
17 Apr 2014Read on SEBI - Open offer
United Spirits Limited
16 Nov 2012Read on SEBI
Regulatory orders
- Adjudication order
Adjudication Order in respect of 3 entities in the matter of insider trading in the scrip of United Spirits Limited
25 Aug 2023Read on SEBI - Final order
Final Order in the matter of United Spirits Limited
25 Aug 2023Read on SEBI - Settlement order
Settlement Order in respect of Nishat Shailesh Gupte in the matter of Insider Trading in the scrip of United Spirits Limited
10 Nov 2020Read on SEBI - Adjudication order
Adjudication Order in respect of Haresh Parmanand Jashnani in the matter of Investigation in the matter of insider trading activity of certain entities in the scrip of United Spirits Limited
30 Jun 2020Read on SEBI - Adjudication order
Adjudication Order in respect of Poonam Haresh Jashnani in the matter of Investigation in the matter of insider trading activity of certain entities in the scrip of United Spirits Limited
30 Jun 2020Read on SEBI
Documents
Annual reports
Earnings calls
- Jul 2026Transcript
- May 2026TranscriptSlidesRecording
- Jan 2026TranscriptRecording
- Nov 2025TranscriptRecording
- Aug 2025TranscriptRecording
- May 2025TranscriptSlides
Credit ratings
- Rating update · 6 Aug from crisil
- Rating update · 1 Jul 2025 from crisil
- Rating update · 15 Apr 2024 from crisil
- Rating update · 15 Feb 2023 from crisil
- Rating update · 31 Jan 2023 from icra
- Rating update · 7 Jun 2022 from icra
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 23 Jul 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
United Spirits: common questions
Answered from the figures on this page.
