United Spirits Limited Logo

United Spirits Limited

MCDOWELL-N.NS

(2.0)
Stock Price

1.309,00 INR

12.92% ROA

21.06% ROE

65.9x PER

Market Cap.

952.102.459.000,00 INR

3.72% DER

0.69% Yield

12.44% NPM

United Spirits Limited Stock Analysis

United Spirits Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

United Spirits Limited Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (24.13%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 ROA

The stock's ability to make a lot of money from its assets shows that it is very profitable, making it a good choice for people who want to invest and make a lot of money.

3 DER

The stock has a minimal amount of debt (12%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

4 Assets Growth

Company's revenue has experienced consistent growth over the last three years, indicating a favorable financial trajectory and making it an attractive investment choice.

5 Buffet Intrinsic Value

The company's stock seems undervalued (12.453) by Warren Buffett's formula, indicating a promising investment opportunity as its intrinsic value exceeds the market price.

6 PBV

The stock's high Price-to-Book Value (P/BV) ratio (15.14x) suggests it's overvalued, potentially making it an expensive investment.

7 Revenue Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

8 Net Profit Growth

This company's net profit has remained stagnant over the past five years, indicating a lack of growth and making it a less favorable investment option.

9 Graham Number

The company's Graham number suggests that its stock price is overestimated, implying that it may not be a promising investment opportunity.

10 Dividend Growth

The company's dividend growth has shown no improvement in the past three years, making it a less attractive investment option for those seeking increasing returns.

11 Dividend

The company's decision to withhold dividends for three years raises questions about its ability to generate consistent returns.

United Spirits Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

United Spirits Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Sell
3 RSI Hold
4 Stoch RSI Hold

United Spirits Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

United Spirits Limited Revenue
Year Revenue Growth
2003 11.723.770.000
2004 12.438.440.000 5.75%
2005 21.484.660.000 42.11%
2006 29.249.094.000 26.55%
2007 46.275.252.000 36.79%
2008 54.680.615.000 15.37%
2009 63.623.072.000 14.06%
2010 73.761.829.000 13.75%
2011 91.864.910.000 19.71%
2012 105.979.855.000 13.32%
2013 105.009.214.000 -0.92%
2014 91.593.852.000 -14.65%
2015 92.400.619.000 0.87%
2016 87.434.000.000 -5.68%
2017 83.698.000.000 -4.46%
2018 92.894.000.000 9.9%
2019 92.779.000.000 -0.12%
2020 80.979.000.000 -14.57%
2021 96.547.000.000 16.12%
2022 106.116.000.000 9.02%
2023 111.320.000.000 4.67%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

United Spirits Limited Research and Development Expenses
Year Research and Development Expenses Growth
2003 0
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 54.298.000 100%
2011 47.605.000 -14.06%
2012 64.592.000 26.3%
2013 90.258.000 28.44%
2014 101.891.000 11.42%
2015 86.597.000 -17.66%
2016 0 0%
2017 0 0%
2018 94.000.000 100%
2019 107.000.000 12.15%
2020 99.000.000 -8.08%
2021 97.000.000 -2.06%
2022 150.000.000 35.33%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

United Spirits Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2003 4.469.920.000
2004 4.151.540.000 -7.67%
2005 8.229.660.000 49.55%
2006 8.844.500.000 6.95%
2007 14.751.480.000 40.04%
2008 20.067.629.000 26.49%
2009 21.529.361.000 6.79%
2010 926.689.000 -2223.26%
2011 5.853.078.000 84.17%
2012 2.101.942.000 -178.46%
2013 2.560.472.000 17.91%
2014 2.279.769.000 -12.31%
2015 1.781.114.000 -28%
2016 2.216.000.000 19.62%
2017 2.126.000.000 -4.23%
2018 1.811.000.000 -17.39%
2019 1.849.000.000 2.06%
2020 1.461.000.000 -26.56%
2021 1.504.000.000 2.86%
2022 2.474.000.000 39.21%
2023 18.960.000.000 86.95%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

United Spirits Limited EBITDA
Year EBITDA Growth
2003 803.510.000
2004 1.270.790.000 36.77%
2005 2.518.190.000 49.54%
2006 2.098.452.000 -20%
2007 11.499.754.000 81.75%
2008 4.932.625.000 -133.14%
2009 13.609.370.000 63.76%
2010 12.484.654.000 -9.01%
2011 13.220.856.000 5.57%
2012 12.098.969.000 -9.27%
2013 996.686.000 -1113.92%
2014 -2.656.255.000 137.52%
2015 9.742.152.000 127.27%
2016 10.249.000.000 4.95%
2017 12.637.000.000 18.9%
2018 14.240.000.000 11.26%
2019 16.524.000.000 13.82%
2020 10.742.000.000 -53.83%
2021 16.313.000.000 34.15%
2022 18.682.000.000 12.68%
2023 13.360.000.000 -39.84%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

United Spirits Limited Gross Profit
Year Gross Profit Growth
2003 5.170.320.000
2004 4.867.400.000 -6.22%
2005 10.152.750.000 52.06%
2006 13.202.124.000 23.1%
2007 25.369.319.000 47.96%
2008 27.771.160.000 8.65%
2009 31.844.660.000 12.79%
2010 34.798.935.000 8.49%
2011 38.894.081.000 10.53%
2012 45.417.899.000 14.36%
2013 46.025.483.000 1.32%
2014 38.328.983.000 -20.08%
2015 38.666.452.000 0.87%
2016 36.841.000.000 -4.95%
2017 38.982.000.000 5.49%
2018 46.585.000.000 16.32%
2019 42.252.000.000 -10.26%
2020 36.267.000.000 -16.5%
2021 43.429.000.000 16.49%
2022 45.475.000.000 4.5%
2023 42.560.000.000 -6.85%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

United Spirits Limited Net Profit
Year Net Profit Growth
2003 247.480.000
2004 124.180.000 -99.29%
2005 1.269.400.000 90.22%
2006 5.669.520.000 77.61%
2007 2.720.584.000 -108.39%
2008 -4.084.136.000 166.61%
2009 -227.075.000 -1698.58%
2010 5.695.207.000 103.99%
2011 1.879.217.000 -203.06%
2012 -1.012.118.000 285.67%
2013 -44.890.917.000 97.75%
2014 -16.877.149.000 -165.99%
2015 9.677.440.000 274.4%
2016 1.001.000.000 -866.78%
2017 6.338.000.000 84.21%
2018 7.002.000.000 9.48%
2019 6.589.000.000 -6.27%
2020 3.836.000.000 -71.77%
2021 8.286.000.000 53.71%
2022 11.370.000.000 27.12%
2023 9.672.000.000 -17.56%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

United Spirits Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2003 1
2004 0 0%
2005 3 100%
2006 14 76.92%
2007 6 -116.67%
2008 -8 185.71%
2009 0 0%
2010 9 100%
2011 3 -350%
2012 -2 300%
2013 -63 98.41%
2014 -23 -173.91%
2015 2 2400%
2016 1 0%
2017 9 87.5%
2018 10 11.11%
2019 9 0%
2020 5 -80%
2021 12 54.55%
2022 16 31.25%
2023 14 -23.08%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

United Spirits Limited Free Cashflow
Year Free Cashflow Growth
2003 52.420.000
2004 188.140.000 72.14%
2005 148.920.000 -26.34%
2006 4.898.330.000 96.96%
2007 31.710.000 -15347.27%
2008 900.580.000 96.48%
2009 12.060.541.000 92.53%
2010 -3.922.274.000 407.49%
2011 729.973.000 637.32%
2012 7.188.648.000 89.85%
2013 -8.290.635.000 186.71%
2014 -4.052.932.000 -104.56%
2015 -660.773.000 -513.36%
2016 3.358.000.000 119.68%
2017 7.408.000.000 54.67%
2018 7.753.000.000 4.45%
2019 5.716.000.000 -35.64%
2020 16.440.000.000 65.23%
2021 8.434.000.000 -94.93%
2022 4.781.000.000 -76.41%
2023 0 0%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

United Spirits Limited Operating Cashflow
Year Operating Cashflow Growth
2003 310.690.000
2004 399.350.000 22.2%
2005 520.260.000 23.24%
2006 5.301.400.000 90.19%
2007 2.673.250.000 -98.31%
2008 2.353.670.000 -13.58%
2009 15.914.126.000 85.21%
2010 -1.157.966.000 1474.32%
2011 7.560.998.000 115.31%
2012 10.090.940.000 25.07%
2013 -5.519.342.000 282.83%
2014 -1.963.136.000 -181.15%
2015 2.385.889.000 182.28%
2016 6.468.000.000 63.11%
2017 9.251.000.000 30.08%
2018 9.483.000.000 2.45%
2019 7.832.000.000 -21.08%
2020 18.177.000.000 56.91%
2021 9.774.000.000 -85.97%
2022 6.147.000.000 -59%
2023 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

United Spirits Limited Capital Expenditure
Year Capital Expenditure Growth
2003 258.270.000
2004 211.210.000 -22.28%
2005 371.340.000 43.12%
2006 403.070.000 7.87%
2007 2.641.540.000 84.74%
2008 1.453.090.000 -81.79%
2009 3.853.585.000 62.29%
2010 2.764.308.000 -39.41%
2011 6.831.025.000 59.53%
2012 2.902.292.000 -135.37%
2013 2.771.293.000 -4.73%
2014 2.089.796.000 -32.61%
2015 3.046.662.000 31.41%
2016 3.110.000.000 2.04%
2017 1.843.000.000 -68.75%
2018 1.730.000.000 -6.53%
2019 2.116.000.000 18.24%
2020 1.737.000.000 -21.82%
2021 1.340.000.000 -29.63%
2022 1.366.000.000 1.9%
2023 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

United Spirits Limited Equity
Year Equity Growth
2003 2.737.910.000
2004 2.727.680.000 -0.38%
2005 8.417.780.000 67.6%
2006 13.692.270.000 38.52%
2007 20.772.650.000 34.09%
2008 23.856.020.000 12.92%
2009 37.735.353.000 36.78%
2010 41.786.177.000 9.69%
2011 46.617.679.000 10.36%
2012 47.872.959.000 2.62%
2013 30.322.653.000 -57.88%
2014 6.595.153.000 -359.77%
2015 17.879.242.000 63.11%
2016 17.856.000.000 -0.13%
2017 24.327.000.000 26.6%
2018 30.872.000.000 21.2%
2019 36.867.000.000 16.26%
2020 40.589.000.000 9.17%
2021 48.748.000.000 16.74%
2022 59.995.000.000 18.75%
2023 71.210.000.000 15.75%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

United Spirits Limited Assets
Year Assets Growth
2003 8.991.450.000
2004 16.444.770.000 45.32%
2005 32.597.300.000 49.55%
2006 37.488.920.000 13.05%
2007 101.251.100.000 62.97%
2008 118.418.450.000 14.5%
2009 114.057.931.000 -3.82%
2010 129.169.619.000 11.7%
2011 158.565.435.000 18.54%
2012 163.848.819.000 3.22%
2013 148.576.088.000 -10.28%
2014 78.886.088.000 -88.34%
2015 85.601.853.000 7.85%
2016 88.959.000.000 3.77%
2017 89.563.000.000 0.67%
2018 91.089.000.000 1.68%
2019 88.513.000.000 -2.91%
2020 85.370.000.000 -3.68%
2021 89.113.000.000 4.2%
2022 97.615.000.000 8.71%
2023 112.490.000.000 13.22%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

United Spirits Limited Liabilities
Year Liabilities Growth
2003 6.233.520.000
2004 13.633.620.000 54.28%
2005 22.894.360.000 40.45%
2006 22.084.360.000 -3.67%
2007 78.486.210.000 71.86%
2008 94.499.580.000 16.95%
2009 76.237.903.000 -23.95%
2010 87.208.368.000 12.58%
2011 111.801.651.000 22%
2012 115.865.267.000 3.51%
2013 118.245.942.000 2.01%
2014 72.282.792.000 -63.59%
2015 67.705.508.000 -6.76%
2016 71.128.000.000 4.81%
2017 65.236.000.000 -9.03%
2018 60.217.000.000 -8.33%
2019 51.646.000.000 -16.6%
2020 44.781.000.000 -15.33%
2021 40.365.000.000 -10.94%
2022 37.620.000.000 -7.3%
2023 41.280.000.000 8.87%

United Spirits Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
159.71
Net Income per Share
19.86
Price to Earning Ratio
65.9x
Price To Sales Ratio
8.41x
POCF Ratio
229.21
PFCF Ratio
235.2
Price to Book Ratio
13.03
EV to Sales
8.32
EV Over EBITDA
44.57
EV to Operating CashFlow
232.72
EV to FreeCashFlow
232.72
Earnings Yield
0.02
FreeCashFlow Yield
0
Market Cap
952,10 Bil.
Enterprise Value
942,06 Bil.
Graham Number
211.9
Graham NetNet
15.11

Income Statement Metrics

Net Income per Share
19.86
Income Quality
0.29
ROE
0.21
Return On Assets
0.13
Return On Capital Employed
0.25
Net Income per EBT
0.76
EBT Per Ebit
1.02
Ebit per Revenue
0.16
Effective Tax Rate
0.24

Margins

Sales, General, & Administrative to Revenue
0.04
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.45
Operating Profit Margin
0.16
Pretax Profit Margin
0.16
Net Profit Margin
0.12

Dividends

Dividend Yield
0.01
Dividend Yield %
0.69
Payout Ratio
0
Dividend Per Share
9

Operating Metrics

Operating Cashflow per Share
5.71
Free CashFlow per Share
5.71
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.19
Return on Tangible Assets
0.13
Days Sales Outstanding
98.86
Days Payables Outstanding
114.01
Days of Inventory on Hand
120.37
Receivables Turnover
3.69
Payables Turnover
3.2
Inventory Turnover
3.03
Capex per Share
0

Balance Sheet

Cash per Share
26,35
Book Value per Share
100,46
Tangible Book Value per Share
95.52
Shareholders Equity per Share
100.46
Interest Debt per Share
4.81
Debt to Equity
0.04
Debt to Assets
0.02
Net Debt to EBITDA
-0.48
Current Ratio
1.89
Tangible Asset Value
67,71 Bil.
Net Current Asset Value
32,49 Bil.
Invested Capital
0.04
Working Capital
34,74 Bil.
Intangibles to Total Assets
0.03
Average Receivables
15,33 Bil.
Average Payables
9,77 Bil.
Average Inventory
10315000000
Debt to Market Cap
0

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

United Spirits Limited Dividends
Year Dividends Growth
2002 2
2003 2 0%
2004 2 0%
2005 2 0%
2006 2 0%
2007 3 0%
2008 2 -100%
2009 2 50%
2010 3 0%
2011 3 0%
2012 3 0%
2013 3 0%
2023 4 50%
2024 5 20%

United Spirits Limited Profile

About United Spirits Limited

United Spirits Limited manufactures, purchases, and sells alcoholic beverages and other allied spirits in India and internationally. Its alcoholic beverages include Scotch whisky, Indian made foreign liquor whisky, brandy, rum, vodka, and gin. The company primarily owns McDowell's No.1, Royal Challenge, Signature, Antiquity, Black Dog, Director's Special Black, McDowell's Rum, McDowell's Brandy, Bagpiper, Old Tavern, and Haywards brands. It also manufactures, imports, and sells Diageo's iconic brands, such as Haig Gold Label, Captain Morgan, Johnnie Walker, J&B, Baileys, Lagavulin, Talisker, VAT 69, Black & White, Smirnoff, and Ciroc. In addition, the company holds the perpetual right to the Bangalore Franchise of Board of Control for Cricket in India –Indian Premier League. It also exports its products. The company was formerly known as McDowell & Company Limited and changed its name to United Spirits Limited in October 2006. United Spirits Limited was founded in 1826 and is headquartered in Bengaluru, India. United Spirits Limited operates as a subsidiary of Relay B.V.

CEO
Ms. Hina Nagarajan
Employee
2.957
Address
UB Tower
Bengaluru, 560001

United Spirits Limited Executives & BODs

United Spirits Limited Executives & BODs
# Name Age
1 Mr. Pradeep Jain
Chief Financial Officer & Executive Whole-time Director
70
2 Mr. Mital Arvind Sanghvi
Vice President of Treasury, Company Secretary & Compliance Officer
70
3 Subroto Geed
Executive Vice President and Chief Operating Officer of Popular & Franchise Business
70
4 Shweta Jain
Chief Business Development Officer - Luxury Reserve Craft & Strategic Accounts
70
5 Ms. Hina Nagarajan
MD, Chief Executive Officer & Director
70
6 Ms. Shilpa Vaid
Chief Human Resource Officer
70
7 Mr. Prathmesh Mishra
Chief Commercial Officer
70
8 Vikram Damodaran
Chief Innovation Officer
70
9 Mr. Jitendra Mahajan
Chief Supply & Sustainability Officer
70
10 Kashinath Jha
Vice President of Manufacturing
70

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