United Spirits Ltd.

NSE: UNITDSPR · Fast Moving Consumer Goods

₹1,418.00+1.69%06 Nov 2026

Ask the data

Instant answers about United Spirits Ltd. — computed from its filings, no language model

Market cap₹1,02,805 cr

Current price₹1,418.00

High / Low₹1,556 / ₹1,219

P/E55.6

P/B11.34

Book value₹125.0

ROE20.4%

ROCE25.6%

Debt / equity0.00

Dividend yield1.23%

EPS (TTM)₹25.48

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	28,872	28,824	27,418	31,062	27,815	26,018	27,276	27,816
EBITDA	1,394	1,572	1,053	1,608	1,417	2,001	2,243	2,286
Operating margin	4.8%	5.5%	3.8%	5.2%	5.1%	7.7%	8.2%	8.2%
Interest	237	212	188	88	104	76	89	158
Depreciation	215	285	299	304	282	275	283	289
Profit before tax	1,014	1,164	541	1,087	1,280	1,858	2,142	2,226
Tax	328	540	178	276	153	449	553	510
Net profit	700	659	384	829	1,136	1,408	1,582	1,838
EPS ₹	9.87	9.29	5.41	11.68	16.01	19.83	22.28	25.89
Operating cash flow	—	—	—	977	615	1,118	1,947	1,459
Capex	—	—	—	134	137	98	162	181
Dividend paid	—	—	—	0	0	284	355	1,263
Total assets	9,109	8,851	8,537	8,911	9,762	11,249	13,248	14,469
Equity	3,090	3,728	4,120	4,954	6,000	7,121	8,104	8,953

Quarterly performance

last 31 quarters · ₹ crore

showing latest 8 of 31 periods

	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	0	7,292	7,300	7,812	6,419	3,821	7,509	8,410	7,678	6,168	8,209	8,917	7,767	7,131	8,283	6,610	5,792	5,808	6,736	6,962	6,511	6,238	6,672	7,732	6,634	6,295	7,199	7,942	6,855	6,122	7,014
Operating profit	0	490	408	426	248	-92	291	458	396	188	469	519	432	372	437	372	236	714	467	486	334	713	502	568	460	644	660	599	593	429	643
Operating margin	—	6.7%	5.6%	5.4%	3.9%	-2.4%	3.9%	5.4%	5.2%	3.1%	5.7%	5.8%	5.6%	5.2%	5.3%	5.6%	4.1%	12.3%	6.9%	7.0%	5.1%	11.4%	7.5%	7.3%	6.9%	10.2%	9.2%	7.5%	8.7%	7.0%	9.2%
Other income	0	4	5	6	8	5	11	19	5	8	4	0	24	26	8	21	18	22	40	52	111	35	54	72	175	72	81	51	295	73	65
Interest	0	58	50	51	53	56	56	43	33	25	7	39	16	22	21	24	36	4	26	16	29	22	25	20	22	49	21	19	69	30	24
Depreciation	0	63	71	66	85	74	69	79	77	74	76	76	77	83	66	65	69	74	65	63	73	72	69	72	70	76	65	80	76	72	76
Profit before tax	0	373	291	315	184	-291	177	375	281	51	390	404	241	254	740	155	131	640	446	459	312	654	462	483	543	577	625	541	703	319	619
Tax	0	209	133	82	134	-45	51	94	78	1	104	108	63	-7	191	-59	28	162	106	109	71	168	119	145	121	154	160	123	135	82	158
Net profit	0	202	163	235	58	-242	129	287	209	56	292	300	182	266	553	214	103	477	339	350	241	485	341	0	421	417	464	418	539	463	428
EPS ₹	0.00	2.85	2.30	3.32	0.82	-3.40	1.82	4.05	2.94	0.78	4.11	4.22	2.56	3.75	7.80	3.02	1.45	6.71	4.78	4.93	3.40	6.83	4.80	4.72	5.93	5.87	6.53	5.88	7.59	6.52	6.03
Revenue YoY	—	—	—	—	—	-47.6%	2.9%	7.7%	19.6%	61.4%	9.3%	6.0%	1.2%	15.6%	0.9%	-25.9%	-25.4%	-18.6%	-18.7%	5.3%	12.4%	7.4%	-1.0%	11.1%	1.9%	0.9%	7.9%	2.7%	3.3%	-2.7%	-2.6%
Profit YoY	—	—	—	—	—	-219.5%	-20.7%	22.0%	257.4%	—	125.5%	4.4%	-12.9%	379.6%	89.5%	-28.5%	-43.4%	79.1%	-38.7%	63.5%	134.4%	1.7%	0.5%	-100.0%	74.7%	-14.0%	36.1%	—	28.0%	11.0%	-7.8%

Earlier results (standalone, Sep '07 – Dec '18)

₹ crore · from BSE, before the NSE XBRL filings begin

United Spirits Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	3,888	4,960	6,423	7,660	8,607	8,517	8,472	9,092	21,647	26,069
Operating profit	681	846	1,038	1,066	1,130	-157	642	880	965	1,022
Operating margin	17.5%	17.1%	16.2%	13.9%	13.1%	-1.8%	7.6%	9.7%	4.5%	3.9%
Other income	1	3	-20	61	103	149	160	106	100	206
Interest	183	311	403	552	656	613	593	447	369	261
Depreciation	35	37	45	61	72	85	112	102	132	135
Profit before tax	464	570	606	504	484	-5,028	-1,776	1,173	255	840
Tax	167	170	203	161	163	75	28	192	85	279
Net profit	297	401	403	343	321	-5,103	-1,804	981	170	562

Quarters

showing latest 8 of 46 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†
Revenue	753	889	759	1,013	911	1,040	923	1,248	1,088	1,358	1,266	1,471	1,366	1,969	1,617	1,944	1,866	1,967	1,882	2,073	2,237	2,203	2,094	2,207	2,058	2,309	1,943	1,924	2,179	2,318	2,051	2,006	2,145	2,651	2,290	2,041	6,039	7,082	6,485	5,817	6,215	7,137	6,900	6,415	7,128	7,764
Operating profit	155	171	135	215	188	117	160	228	190	232	196	289	230	285	233	339	332	200	195	351	269	275	236	293	224	222	-896	145	233	238	25	202	318	269	91	198	208	294	265	157	318	272	274	192	432	348
Operating margin	20.6%	19.2%	17.8%	21.2%	20.7%	11.3%	17.4%	18.3%	17.4%	17.1%	15.4%	19.6%	16.9%	14.5%	14.4%	17.5%	17.8%	10.2%	10.4%	16.9%	12.0%	12.5%	11.3%	13.3%	10.9%	9.6%	-46.1%	7.5%	10.7%	10.3%	1.2%	10.1%	14.8%	10.2%	4.0%	9.7%	3.4%	4.1%	4.1%	2.7%	5.1%	3.8%	4.0%	3.0%	6.1%	4.5%
Other income	4	10	11	7	3	-5	-4	2	3	-3	0	-1	-8	-11	-0	1	39	27	-6	45	-21	32	47	63	70	43	-28	31	32	23	74	15	6	-4	90	21	28	36	14	31	30	24	121	21	25	61
Interest	33	33	33	34	39	53	56	59	75	75	102	97	98	104	104	123	124	139	166	166	170	164	157	159	136	150	167	155	155	148	134	128	110	108	101	103	88	92	85	70	66	66	59	56	42	55
Depreciation	7	9	9	8	9	9	10	8	8	9	11	9	10	13	13	13	15	15	17	16	19	17	19	19	17	18	31	25	25	25	37	25	24	26	27	26	33	31	42	32	33	34	37	34	35	36
Profit before tax	119	139	105	180	143	51	90	233	110	146	82	182	113	195	116	205	221	71	8	214	59	126	85	177	141	96	-5,443	-47	11	87	-1,827	63	989	90	32	69	118	206	-138	85	235	184	336	124	381	298
Tax	39	50	40	63	49	20	34	55	40	49	25	61	39	65	38	67	73	24	-2	69	20	45	29	59	47	31	-63	9	39	9	-27	43	60	49	41	25	36	58	-34	22	82	49	125	43	122	106
Net profit	80	88	65	117	94	31	56	178	70	97	57	121	75	130	77	138	148	47	10	145	39	81	56	118	94	65	-5,380	-56	-28	79	-1,799	20	929	41	-9	44	83	148	-104	63	153	135	211	81	259	192
EPS ₹	8.35	9.08	6.67	11.69	9.37	3.05	5.55	16.46	6.45	7.98	4.53	9.64	5.94	9.94	5.92	10.53	11.32	3.60	0.77	11.08	3.00	6.16	4.28	8.13	6.49	4.47	-370.20	-3.82	-1.91	5.42	-123.81	1.37	63.94	2.82	-0.62	2.90	5.68	10.16	-7.17	4.33	10.54	9.27	14.52	1.12	3.56	2.65
Revenue YoY	—	—	—	—	21.1%	17.0%	21.6%	23.2%	19.3%	30.5%	37.2%	17.8%	25.6%	45.0%	27.7%	32.2%	36.7%	-0.1%	16.4%	6.6%	19.8%	12.0%	11.3%	6.5%	-8.0%	4.8%	-7.2%	-12.8%	5.9%	0.4%	5.6%	4.2%	-1.5%	14.3%	11.7%	1.7%	181.5%	167.2%	183.2%	185.1%	2.9%	0.8%	6.4%	10.3%	14.7%	8.8%
Profit YoY	—	—	—	—	17.1%	-65.3%	-14.6%	51.6%	-25.9%	216.6%	2.2%	-31.8%	7.2%	34.2%	36.2%	13.8%	98.4%	-63.8%	-87.1%	5.3%	-73.5%	71.2%	459.4%	-18.5%	140.1%	-19.4%	-9707.3%	-147.0%	-129.5%	21.4%	—	—	—	-48.0%	—	119.9%	-91.1%	260.7%	—	43.6%	85.5%	-8.8%	—	29.3%	69.0%	42.8%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 28 periods

	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	19.4%	17.7%	5.8%	4.9%	6.3%	9.3%	16.5%	20.5%	20.8%	16.7%	21.0%	22.5%	21.1%	18.9%	22.4%	16.6%	18.6%	19.8%	19.9%	18.6%	14.0%	15.4%	14.5%	15.5%	20.5%	20.5%	21.0%	20.4%
ROCE	19.1%	25.7%	13.3%	11.2%	12.2%	14.6%	20.8%	24.1%	24.6%	22.2%	26.0%	28.5%	24.2%	23.1%	29.2%	21.5%	25.8%	27.0%	27.5%	25.9%	26.3%	27.5%	26.9%	27.8%	28.5%	29.1%	26.0%	25.6%
Net margin	2.7%	2.3%	0.8%	0.7%	0.9%	1.4%	2.3%	2.8%	2.8%	2.7%	3.2%	4.1%	4.1%	4.1%	5.1%	4.5%	5.0%	5.4%	5.4%	5.4%	3.9%	4.6%	4.3%	4.7%	6.1%	6.5%	6.7%	6.6%
EBITDA margin	5.9%	5.5%	3.9%	3.4%	3.5%	3.8%	4.5%	5.0%	5.1%	5.2%	5.6%	5.5%	5.4%	5.1%	6.6%	7.2%	7.5%	7.7%	7.6%	7.7%	7.8%	8.2%	8.0%	8.4%	8.4%	8.8%	8.1%	8.1%
Debt / equity	0.93	0.43	0.43	0.43	0.43	0.21	0.21	0.21	0.21	0.07	0.07	0.06	0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	7.15	6.49	3.38	2.79	3.15	3.89	6.61	11.10	11.74	13.35	16.16	17.52	17.48	13.32	20.43	16.09	21.21	25.47	20.99	21.43	20.91	25.07	18.80	20.89	21.59	16.48	16.74	16.37
Asset turnover	2.46	3.26	2.86	2.89	2.96	3.21	3.49	3.57	3.63	3.49	3.59	3.17	2.94	2.85	2.71	2.26	2.29	2.31	2.35	2.21	2.27	2.06	2.06	2.07	2.08	1.96	1.94	1.91

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 16 periods

	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	145	145	145	145	145	145	145	145	146	146	145	145	145	145	145	145
Other equity / reserves	1,483	1,640	2,274	2,945	3,583	3,974	4,808	5,626	5,854	6,665	6,976	7,487	7,959	8,263	8,808	8,917
Total equity	1,635	1,786	2,419	3,090	3,728	4,120	4,954	5,772	6,000	6,810	7,121	7,632	8,104	8,408	8,953	9,062
Borrowings	3,727	3,777	3,064	2,870	1,621	879	342	333	1	0	25	0	0	0	6	4
Current liabilities	5,851	6,182	5,678	5,188	4,994	4,338	3,838	4,242	3,624	4,006	3,903	3,848	4,722	4,684	4,818	5,009
Non-current liabilities	838	914	815	834	171	140	198	196	138	208	225	475	422	388	367	345
Total assets	8,329	8,896	8,926	9,109	8,851	8,537	8,911	10,121	9,762	11,025	11,249	11,955	13,248	13,484	14,469	14,625
Property, plant & equipment	1,377	1,455	1,371	1,418	1,354	1,325	1,215	1,098	1,151	1,180	1,071	1,323	1,307	1,256	1,215	1,197
Capital work-in-progress	282	199	102	102	104	88	88	92	67	60	37	66	72	81	77	121
Investments	9	0	0	25	22	0	222	534	286	1,298	645	819	923	1,330	1,171	925
Inventories	1,952	1,928	1,920	1,934	1,928	2,052	2,157	2,515	2,230	2,539	2,063	2,237	2,305	2,913	2,668	2,688
Receivables	2,303	2,953	2,711	2,542	2,284	2,187	2,374	2,156	2,434	2,652	3,421	3,841	3,750	3,658	3,960	4,109
Cash & equivalents	129	78	142	216	66	78	54	803	115	191	1,052	841	1,328	859	859	1,178

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	647	925	948	783	1,818	977	615	1,118	1,947	1,459
Cash from investing	-227	104	-66	-194	-99	-313	-53	226	-1,114	-428
Cash from financing	-475	-966	-808	-740	-1,707	-688	-501	-407	-557	-1,450
Capex	280	184	173	212	159	134	137	98	162	181
Free cash flow	367	741	775	572	1,659	843	478	1,020	1,785	1,278
Dividends paid	—	—	—	—	—	0	0	284	355	1,263

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,197 cr8%

CWIP

₹121 cr1%

Investments

₹925 cr6%

Inventories

₹2,688 cr18%

Receivables

₹4,109 cr28%

Cash & equivalents

₹1,178 cr8%

Other assets

₹4,407 cr30%

Peer comparison

largest in Fast Moving Consumer Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Unilever Ltd.	4,69,624	1,998.40	31.2	9.62	30.8%
ITC Ltd.	3,54,801	283.15	18.8	4.97	26.4%
Nestle India Ltd.	2,47,229	1,282.10	244.9	42.80	17.5%
Varun Beverages Ltd.	1,48,153	438.00	42.7	6.81	16.0%
Marico Ltd.	1,16,708	897.75	57.8	24.65	42.6%
Britannia Industries Ltd.	1,15,271	4,785.00	43.2	27.13	62.9%
Tata Consumer Products Ltd.	1,07,511	1,086.30	63.2	4.86	7.7%
United Spirits Ltd.	1,02,805	1,418.00	55.6	11.34	20.4%
Godrej Consumer Products Ltd.	87,083	851.00	41.2	6.90	16.8%
Dabur India Ltd.	67,474	380.35	33.3	5.87	17.6%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+5.5%

6 months+10.8%

1 year+2.2%

3Y CAGR+9.8%

5Y CAGR+7.3%

10Y CAGR+13.4%

50-day avg₹1,384.94

200-day avg₹1,367.09

RSI (14)54

Compare United Spirits Ltd. with

Varun Beverages vs United Spirits Marico vs United Spirits Britannia Industries vs United Spirits Tata Consumer Products vs United Spirits United Spirits vs Godrej Consumer Products

FAQs

What is the share price of United Spirits Ltd.?

United Spirits Ltd. (UNITDSPR) closed at ₹1,418.00 on NSE on 06 Nov 2026.

What is the market cap of United Spirits Ltd.?

₹1,02,805 crore at the latest close.

What is the P/E ratio of United Spirits Ltd.?

55.6, on trailing-twelve-month earnings from its filings.

How fast is United Spirits Ltd. growing?

United Spirits Ltd.: revenue has compounded at 0.0% a year over three years; net profit at 17.4% a year. Latest-quarter revenue is down 2.6% year on year, profit down 7.8%.

How profitable is United Spirits Ltd.?

On a trailing-twelve-month basis return on equity is 20.4%, return on capital employed 25.6%, operating margin 8.1%, net margin 6.6%.

How much debt does United Spirits Ltd. have?

United Spirits Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹4 cr against cash of ₹1,178 cr (balance sheet of 2026-09-30). Operating profit covers interest 16.4 times.

Financials parsed from United Spirits Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '19, annual from FY19, balance sheet from Mar '16. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.