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United Breweries Limited (UBL.NS)

INR1,328.20 +3.00 (+0.23%)
IN NSE Consumer Defensive Beverages - Alcoholic
Address UB Tower 560001
Bengaluru, KA, IN
CEO Vivek Gupta
IPO 2008-07-28
ISIN INE686F01025

Explore sections of this company profile

Also trades on Bombay Stock Exchange · UBL.BO (INR) National Stock Exchange of India · UBL.NS (INR)
Description

United Breweries Limited engages in manufacture, purchase, and sale of beer and non-alcoholic beverages in India and internationally. The company offers beer products under the Heineken Original, Heineken Silver, Kingfisher Premium, Kingfisher Strong, Kingfisher Ultra, Kingfisher Ultra Max, Kingfisher Ultra Witbier, Amstel Bier, Amstel Grande, Bullet, Bullet Super Strong, Cannon 10000, Zingaro, Kingfisher Storm, Kingfisher Blue, Kingfisher Flavour Mango and lemon, Kalyani Black Label, UB Export Lager, UB Export Strong, London Pilsner Premium, London Pilsner Premium Strong, and Queenfisher brands; and non-alcoholic products under the Kingfisher Premium Packaged Drinking Water, Kingfisher Strong Power Soda, Kingfisher Ultra-Premium Soda, and Heineken 0.0. It also licenses its brands; and offers contract manufacturing services. In addition, the company is involved in scrap sales. The company was founded in 1915 and is based in Bengaluru, India. United Breweries Limited operates as a subsidiary of Heineken N.V.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,328.20 +3.00 (+0.23%)
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Volume Profile
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Liquidity & share structure
Average Volume
204.3K
Beta
-0.01
Float Shares
68.75M
Free Float %
26.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.65% -1.58% -3.52% -13.46% -21.83% -13.49% -33.81% -0.64% +16.24% +76.22% +808.97%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,328.20
DCF (Unlevered) 340.54 -74.4%
DCF (Levered) 126.73 -90.5%
Ratings Trend (MoM) 47% Bullish
Rating 2026-05 Change
Strong Buy 3 -1
Buy 6 0
Hold 3 0
Sell 3 0
Strong Sell 4 0
Quality scores
Altman Z-Score
5.62
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
2 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth
    +9.8% Q1'26: +12.4% (vs Q1'25)
  • EPS growth
    +7.7% Q1'26: +4.3% (vs Q1'25)
  • FCF margin
    +0.2% Q1'26: +1.0% (vs Q1'25)
  • EBIT margin
    +6.9% Q1'26: +2.0% (vs Q1'25)
  • ROIC
    +9.8% Q1'26: +3.0% (vs Q1'25)
  • Share dilution
    0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA
    0.73× Q1'26: 2.72× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.72) × ERP
WACC = 97% × Ke + 3% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 334.88 Current price: 1,328.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
9 Rev. Ana.
10 EPS Ana.
Mar 2027
9 Rev. Ana.
6 EPS Ana.
Mar 2028
10 Rev. Ana.
10 EPS Ana.
Mar 2029
5 Rev. Ana.
4 EPS Ana.
Mar 2030
5 Rev. Ana.
4 EPS Ana.
Revenue
30.60B
est: 31.71B (-3.5%)
33.81B
est: 37.87B (-10.7%)
35.79B
est: 42.06B (-14.9%)
37.88B
est: 43.84B (-13.6%)
41.75B
est: 48.17B (-13.3%)
45.88B
est: 50.74B (-9.6%)
45.12B
est: 50.07B (-9.9%)
53.63B
est: 54.95B (-2.4%)
62.15B
est: 64.95B (-4.3%)
62.60B
est: 66.92B (-6.5%)
40.59B
est: 43.74B (-7.2%)
56.05B
est: 58.20B (-3.7%)
73.31B
est: 75.44B (-2.8%)
78.76B
est: 79.94B (-1.5%)
85.93B
est: 89.39B (-3.9%)
94.75B
93.77B – 97.95B
+6.0% YoY
104.95B
101.65B – 108.72B
+10.8% YoY
116.26B
112.49B – 120.62B
+10.8% YoY
125.80B
121.78B – 130.43B
+8.2% YoY
137.68B
133.28B – 142.75B
+9.4% YoY
EBITDA
4.35B
est: 2.93B (+48.5%)
4.61B
est: 3.72B (+23.8%)
5.13B
est: 3.37B (+52.4%)
6.11B
est: 3.87B (+58.0%)
6.58B
est: 5.10B (+29.0%)
7.74B
est: 5.48B (+41.2%)
6.93B
est: 5.78B (+20.0%)
9.15B
est: 6.29B (+45.5%)
11.70B
est: 9.78B (+19.7%)
8.84B
est: 11.56B (-23.5%)
4.24B
est: 5.93B (-28.6%)
7.26B
est: 8.47B (-14.3%)
6.32B
est: 10.01B (-36.8%)
7.70B
est: 12.97B (-40.7%)
8.50B
est: 8.92B (-4.7%)
9.47B
9.37B – 9.79B
+6.2% YoY
10.49B
10.16B – 10.86B
+10.8% YoY
11.62B
11.24B – 12.05B
+10.8% YoY
12.57B
12.17B – 13.03B
+8.2% YoY
13.76B
13.32B – 14.27B
+9.4% YoY
EBIT
3.05B
est: 1.76B (+73.1%)
3.12B
est: 2.65B (+17.8%)
3.43B
est: 2.69B (+27.7%)
4.13B
est: 3.20B (+29.0%)
4.51B
est: 4.36B (+3.3%)
5.30B
est: 4.35B (+21.8%)
4.06B
est: 4.87B (-16.6%)
6.55B
est: 3.97B (+64.8%)
9.10B
est: 7.71B (+18.0%)
5.99B
est: 9.32B (-35.7%)
1.92B
est: 4.30B (-55.3%)
5.09B
est: 6.13B (-17.0%)
4.22B
est: 7.25B (-41.8%)
5.58B
est: 9.39B (-40.6%)
6.17B
est: 6.22B (-0.8%)
6.61B
6.54B – 6.83B
+6.2% YoY
7.32B
7.09B – 7.58B
+10.8% YoY
8.11B
7.85B – 8.41B
+10.8% YoY
8.77B
8.49B – 9.10B
+8.2% YoY
9.60B
9.30B – 9.96B
+9.4% YoY
Net Income
1.47B
est: 1.21B (+22.2%)
1.27B
est: 1.76B (-28.0%)
1.72B
est: 1.40B (+23.3%)
2.26B
est: 1.79B (+26.0%)
2.60B
est: 2.53B (+2.8%)
2.98B
est: 2.73B (+9.4%)
2.30B
est: 2.96B (-22.4%)
3.94B
est: 2.49B (+58.3%)
5.63B
est: 4.69B (+19.9%)
4.28B
est: 5.84B (-26.8%)
1.13B
est: 3.08B (-63.2%)
3.65B
est: 4.39B (-16.8%)
3.04B
est: 5.20B (-41.5%)
4.10B
est: 6.73B (-39.1%)
4.42B
est: 5.48B (-19.4%)
4.75B
4.28B – 6.14B
-13.2% YoY
5.94B
3.81B – 7.45B
+24.9% YoY
8.47B
6.63B – 9.76B
+42.7% YoY
9.03B
8.65B – 9.46B
+6.6% YoY
12.71B
12.19B – 13.32B
+40.8% YoY
SGA
est: 3.14B (-100.0%)
9.39B
est: 42.99M (+21,744.9%)
13.54B
est: 14.23B (-4.8%)
11.82B
est: 15.40B (-23.3%)
11.01B
est: 17.38B (-36.7%)
7.85B
est: 18.97B (-58.6%)
7.54B
est: 14.80B (-49.1%)
7.51B
est: 16.10B (-53.4%)
8.44B
est: 19.17B (-56.0%)
9.11B
est: 19.20B (-52.5%)
7.35B
est: 14.20B (-48.2%)
8.21B
est: 20.26B (-59.5%)
9.28B
est: 23.96B (-61.3%)
10.16B
est: 31.04B (-67.3%)
11.36B
est: 14.37B (-20.9%)
15.26B
15.10B – 15.77B
+6.2% YoY
16.90B
16.37B – 17.51B
+10.8% YoY
18.72B
18.11B – 19.43B
+10.8% YoY
20.26B
19.61B – 21.00B
+8.2% YoY
22.17B
21.46B – 22.99B
+9.4% YoY
EPS
5.46
est: 7.31 (-25.3%)
4.69
est: 6.77 (-30.7%)
6.51
est: 8.42 (-22.7%)
8.55
est: 8.26 (+3.5%)
9.83
est: 11.14 (-11.8%)
11.30
est: 12.48 (-9.5%)
8.68
est: 12.46 (-30.3%)
14.91
est: 17.60 (-15.3%)
21.29
est: 23.11 (-7.9%)
16.18
est: 18.20 (-11.1%)
4.28
est: 5.19 (-17.5%)
13.82
est: 12.90 (+7.2%)
11.50
est: 16.87 (-31.8%)
15.51
est: 16.80 (-7.7%)
16.71
est: 19.58 (-14.7%)
17.99
16.18 – 23.22
-8.2% YoY
22.46
14.40 – 28.17
+24.9% YoY
32.04
25.07 – 36.93
+42.7% YoY
34.16
32.74 – 35.79
+6.6% YoY
48.10
46.10 – 50.40
+40.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 C+ 2/5 2/5 3/5 4/5 2/5 1/5 1/5
2026-05-06 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-15 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-13 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-10 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.96B
OE per share TTM
11.18
Owner's Yield
0.78%
Maintenance CapEx ratio
62.75%
Maint CapEx / Avg PPE
29.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.85M
Shares Outstanding
264.41M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Vivek Gupta MD, Chief Executive Officer & Director 107M male
Jorn Elimar Kersten Chief Financial Officer & WholeTime Director 46M male
Kavita Singh Chief Human Resource Officer female
Neha Munjral Director of Legal female
Nikhil Malpani Company Secretary & Compliance Officer male
Rakesh Kumar Chief Sales Officer & Director of Sales male
Suresh Mandalika Chief Digital & Technology Officer male
Vikram Bahl Chief Marketing Officer male
Garima Singh Chief Corporate Affairs Officer female
Xavier Jadin Chief Supply Chain officer male
Harsh Sharma Chief Transformation & Strategy Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits