United Spirits

    UNITDSPR
    FMCG
    ₹1395.00
    price as of 11/9/2026, 5:45:45 pm

    Market cap ₹99,053 Cr

    P/E
    58.61
    Day range
    ₹1,384.30 – ₹1,407.20
    52-week range
    ₹1,210.80 – ₹1,563.40
    Volume
    5.53 L
    Open
    ₹1,395.10
    Prev close
    ₹1,400.00
    Promoters pledged 8.7% of their shares
    52-week range, adjusted for splits and bonuses
    ₹1,210.8₹1,563.4
    7 Apr 202621 Aug 2026
    Index membership & F&O
    NIFTY NEXT 50NIFTY 100NIFTY 200NIFTY 500NIFTY FMCGF&O lot 400

    Price history

    6M change +0.93%RSI (14) 29.2 OversoldSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 57.5% today vs 57.3% average · BSE close ₹1,397.2

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹1,200₹1,300₹1,400₹1,500₹1,6000%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Neutral
    Near-month future
    ₹1,399.3
    Change
    -0.45%
    Basis over spot
    +₹4.30
    Futures OI (shares)
    70.8 L
    OI change
    +0.03%
    Put-call ratio
    0.62
    Max pain
    ₹1,500
    Resistance (call OI)
    ₹1,600
    Support (put OI)
    ₹1,680
    Lot size
    400

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    120012801320136014001440148015201560160016401680176001.5 L3.0 L4.5 L6.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    ROE (FY26)
    21.6%
    ROCE (latest year)
    26%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +5.5%
    Profit 3Y CAGR
    +17.7%
    Revenue YoY (Jun 2026)
    -10.4%
    Profit YoY (Jun 2026)
    +11.0%
    Operating margin
    16.0%
    Net margin
    17.1%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr950 Cr1.9K Cr2.9K Cr3.8K Cr0%7%14%21%28%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • DII
    • Public
    • FII
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-2.0K Cr-1.0K Cr0 Cr1.0K Cr2.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%8%16%24%32%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr2.5K Cr5.0K Cr7.5K Cr10.0K Cr0.0x0.6x1.2x1.8x2.4x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales2,8693,0022,7832,7612,8443,4332,9463,0213,1733,6913,0542,708
    Expenses2,4012,5162,4492,0492,3442,8682,4372,3832,5143,0772,4612,279
    Operating Profit468486334712500565509638659614593429
    OPM %16%16%12%26%18%16%17%21%21%17%19%16%
    Other Income71528035547136585128226218
    Interest271629222520224921196930
    Depreciation666373726972707665807672
    Profit before tax446459312653460480553571624543674545
    Tax %24%24%23%26%26%30%24%27%26%23%20%15%
    Net Profit339350241485341335421417464418539463
    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 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    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 11.4 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
    +12%
    5 Years
    +13%
    3 Years
    +10%
    1 Year
    +6%

    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

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter56.68%56.68%56.68%56.68%0.00 pp
    FII14.38%14.13%14.41%12.89%-1.52 pp
    DII14.90%15.36%15.36%17.14%+1.78 pp
    Government0.01%0.01%0.01%0.01%0.00 pp
    Public14.04%13.84%13.54%13.29%-0.25 pp

    Filed with NSE for Jun 2026: promoters 56.67%, public 43.33% · XBRL filing

    Analysts & fund holdings

    79%
    79% recommend buy
    24 analysts cover the stock
    Valuation vs Beverages
    P/E58.6 vs 35.9
    Sector P/B7.51
    Beta1.21

    Who holds the shares, quarter by quarter

    Mutual funds 15.03% (+1.95 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters56.7%
    • Foreign institutions12.9%
    • Mutual funds15.0%
    • Insurance1.2%
    • Other domestic institutions0.9%
    • Retail5.2%
    • Others8.1%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    HDFC Mid Cap Fund1.85%1.93%+0.33 pp
    HDFC Flexi Cap Fund0.76%0.75%+0.03 pp
    HDFC Large Cap Fund0.63%1.78%+0.13 pp
    ICICI Pru Large Cap Fund0.62%0.88%-0.20 pp
    Aditya Birla SL Large Cap Fund0.52%1.98%+0.18 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.

    Corporate actions

    • dividend
      ₹11.00

      Dividend - Rs 11 Per Share

      8 Jul 2026
      ex-date
    • dividend
      ₹6.00

      Interim Dividend - Rs 6 Per Share

      27 Jan 2026
      ex-date
    • dividend
      ₹8.00

      Dividend - Rs 8 Per Share

      1 Aug 2025
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      3 Apr 2025
      ex-date
    • dividend
      ₹5.00

      Dividend - Rs 5 Per Share

      12 Jul 2024
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      17 Nov 2023
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      13 Aug 2019
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      30 Aug 2018
      ex-date
    • split
      Not available — not reported in this filing

      Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share

      15 Jun 2018
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      22 Aug 2017
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      18 Sept 2014
      ex-date
    • dividend
      ₹2.50

      Annual General Meeting And Dividend Rs.2.50 Per Share

      16 Sept 2013
      ex-date
    • dividend
      ₹2.50

      Annual General Meeting/ Dividend Rs. 2.50 Per Share

      17 Sept 2012
      ex-date
    • dividend
      ₹2.50

      Annual General Meeting And Dividend Rs.2.50 Per Share

      21 Sept 2011
      ex-date
    • dividend
      ₹2.50

      Annual General Meeting And Dividend Rs.2.50 Per Share

      21 Sept 2010
      ex-date
    • other
      Not available — not reported in this filing

      Agm/Div-Rs.2/- Per Share

      22 Sept 2009
      ex-date
    • dividend
      Not available — not reported in this filing

      Agm/Dividend - 15%

      19 Dec 2008
      ex-date
    • dividend
      Not available — not reported in this filing

      Agm/Final Dividend-10%

      20 Nov 2007
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend-15% Purpose Revised

      22 Mar 2007
      ex-date
    • dividend
      Not available — not reported in this filing

      Agm/Dividend-20%

      8 Dec 2006
      ex-date

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Schedule of Analysts/ Institutional Investors meeting - Conference

    Company Update
    Disclosure Under Regulation 30 Of SEBI Listing Regulations - ESG Ratings

    Disclosure under Regulation 30 of SEBI Listing Regulations - ESG Ratings

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Schedule of Analysts/ Institutional Investors meeting - Conference

    Company Update
    Disclosure Under Regulation 30 Of SEBI Listing Regulations - ESG Ratings

    Disclosure under Regulation 30 of SEBI Listing Regulations - ESG Ratings

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Schedule of Analysts/ Institutional Investors meeting - Conference

    Company Update
    Disclosure Under Regulation 30 Of SEBI Listing Regulations

    Disclosure under Regulation 30 of SEBI Listing Regulations

    Company Update
    Disclosure Under Regulation 30 Of SEBI Listing Regulations

    Disclosure under Regulation 30 of SEBI Listing Regulations

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Advertisement - SEBI Special Window

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Disclosure under Regulation 30 of SEBI Listing Regulations.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Voting Results on 27th Annual General Meeting along with Scrutinizer's Report

    Company Update
    Disclosure Under Regulation 30 Of SEBI Listing Regulations

    Disclosure under Regulation 30 of SEBI Listing Regulations

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Schedule of Analysts/ Institutional Investors meeting - Conference

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Outcome and proceedings of 27th Annual General Meeting of the Company.

    Company Update
    Disclosure Under Regulation 30 Of SEBI Listing Regulations

    Disclosure under Regulation 30 of SEBI Listing Regulations

    Company Update
    Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    Earnings call transcript - Q1FY27

    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

    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 2023
      Read on SEBI
    • Final order

      Final Order in the matter of United Spirits Limited

      25 Aug 2023
      Read 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 2020
      Read 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 2020
      Read 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 2020
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 23 Jan 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.