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United Spirits Limited (UNITDSPR.NS)

INR1,386.30 +12.90 (+0.94%)
IN NSE Consumer Defensive Beverages - Wineries & Distilleries
Address UB Tower 560001
Bengaluru, IN
CEO Praveen Someshwar
Website diageoindia.com
IPO 2024-05-30
ISIN INE854D01024

Explore sections of this company profile

Also trades on Bombay Stock Exchange · UNITDSPR.BO (INR) National Stock Exchange of India · MCDOWELL-N.NS (INR) National Stock Exchange of India · UNITDSPR.NS (INR)
Description

United Spirits Limited, an Indian enterprise, specializes in the manufacturing, procurement, and distribution of a wide array of alcoholic beverages and spirits across India and globally. Its product range features various categories such as Scotch whisky, Indian-made foreign liquor (IMFL) whisky, brandy, rum, vodka, and gin. The company boasts ownership of prominent brands like McDowell's No.1, Royal Challenge, Signature, Antiquity, Black Dog, Director's Special Black, McDowell's Rum, and McDowell's Brandy. Additionally, it is responsible for the production, importation, and sale of several iconic Diageo labels, including Haig Gold Label, Captain Morgan, Johnnie Walker, J&B, Baileys, Lagavulin, Talisker, VAT 69, Black & White, Smirnoff, and Ciroc. Beyond its core spirits business, United Spirits holds perpetual rights to the Bangalore franchise of the Board of Control for Cricket in India's Indian Premier League. The company also exports its offerings worldwide. Founded in 1826 and headquartered in Bengaluru, India, the firm was formerly known as McDowell & Company Limited before rebranding to United Spirits Limited in October 2006. It currently operates as a subsidiary of Relay B.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
INR1,386.30 +12.90 (+0.94%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.20
Float Shares
269.74M
Free Float %
37.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+3.34% +2.73% +0.93% -7.65% -8.36% -8.91% -15.49% +65.17% +132.15% +150.29% +752.46%
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
1,386.30
DCF (Unlevered) 398.33 -71.3%
DCF (Levered) 389.17 -71.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 77% Bullish
Rating 2026-05 Change
Strong Buy 8 0
Buy 12 0
Hold 4 0
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
12.33
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Beverages - Wineries & Distilleries: -2.7%
    +3.8% ★ Q1'26: +2.7% (vs Q1'25)
  • ✓
    EPS growth Beverages - Wineries & Distilleries: -4.2%
    +16.2% ★ Q1'26: +28.0% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Beverages - Wineries & Distilleries: +19.1%
    +6.9% Q1'26: +27.8% (vs Q1'25)
  • ✗
    EBIT margin Beverages - Wineries & Distilleries: +16.0%
    +16.0% Q1'26: +16.9% (vs Q1'25)
  • ✓
    ROIC Beverages - Wineries & Distilleries: +6.4%
    +24.7% ★ Q1'26: +26.8% (vs Q1'25)
  • ✓
    Share dilution Beverages - Wineries & Distilleries: +0.0%
    0.0% Q1'26: +0.0% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Beverages - Wineries & Distilleries: -0.29×
    0.18× ★ Q1'26: 0.17× (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 (1.24) × ERP
WACC = 100% × Ke + 0% × Kd (38.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 398.33 Current price: 1,386.30
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 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
13 Rev. Ana.
10 EPS Ana. 		Mar 2027
9 Rev. Ana.
8 EPS Ana. 		Mar 2028
12 Rev. Ana.
10 EPS Ana. 		Mar 2029
3 Rev. Ana.
1 EPS Ana. 		Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
91.59B
est: 92.53B (-1.0%)
83.74B
est: 93.69B (-10.6%)
87.43B
est: 94.57B (-7.5%)
83.70B
est: 82.41B (+1.6%)
92.89B
est: 92.65B (+0.3%)
92.78B
est: 94.69B (-2.0%)
80.98B
est: 79.59B (+1.7%)
96.55B
est: 96.00B (+0.6%)
105.54B
est: 104.47B (+1.0%)
112.59B
est: 109.83B (+2.5%)
120.13B
est: 118.38B (+1.5%)
127.64B
122.21B – 130.81B
+7.8% YoY
139.94B
134.96B – 142.98B
+9.6% YoY
154.97B
147.61B – 162.48B
+10.7% YoY
173.44B
173.26B – 173.61B
+11.9% YoY
194.98B
186.82B – 201.98B
+12.4% YoY
EBITDA
-9.99B
est: 15.12B (-166.1%)
9.81B
est: 15.31B (-35.9%)
7.22B
est: 15.46B (-53.3%)
13.82B
est: 13.47B (+2.6%)
14.64B
est: 15.14B (-3.3%)
16.64B
est: 15.48B (+7.5%)
10.27B
est: 13.01B (-21.1%)
14.78B
est: 15.69B (-5.8%)
16.66B
est: 17.07B (-2.5%)
22.08B
est: 28.58B (-22.7%)
25.07B
est: 28.02B (-10.5%)
30.21B
28.93B – 30.96B
+7.8% YoY
33.12B
31.94B – 33.84B
+9.6% YoY
36.68B
34.94B – 38.46B
+10.7% YoY
41.05B
41.01B – 41.09B
+11.9% YoY
46.15B
44.22B – 47.80B
+12.4% YoY
EBIT
-12.22B
est: 12.48B (-197.9%)
8.24B
est: 12.64B (-34.8%)
5.38B
est: 12.76B (-57.8%)
11.89B
est: 11.12B (+7.0%)
12.49B
est: 12.50B (-0.1%)
13.72B
est: 12.78B (+7.4%)
7.28B
est: 10.74B (-32.2%)
11.75B
est: 12.95B (-9.3%)
13.83B
est: 14.09B (-1.9%)
19.33B
est: 27.59B (-29.9%)
22.24B
est: 26.33B (-15.5%)
28.39B
27.18B – 29.09B
+7.8% YoY
31.12B
30.02B – 31.80B
+9.6% YoY
34.47B
32.83B – 36.14B
+10.7% YoY
38.57B
38.53B – 38.61B
+11.9% YoY
43.37B
41.55B – 44.92B
+12.4% YoY
Net Income
-16.88B
est: 2.31B (-830.5%)
1.38B
est: 3.56B (-61.1%)
1.00B
est: 3.95B (-74.6%)
6.34B
est: 5.06B (+25.3%)
7.00B
est: 7.48B (-6.4%)
6.59B
est: 8.78B (-25.0%)
3.84B
est: 4.45B (-13.8%)
8.29B
est: 9.28B (-10.7%)
11.37B
est: 9.69B (+17.3%)
14.08B
est: 12.02B (+17.2%)
15.82B
est: 14.71B (+7.5%)
16.92B
15.89B – 17.94B
+15.0% YoY
18.74B
18.26B – 19.23B
+10.8% YoY
21.47B
19.92B – 23.02B
+14.5% YoY
24.28B
23.05B – 25.51B
+13.1% YoY
27.83B
26.32B – 29.13B
+14.6% YoY
SGA
6.74B
est: 13.37B (-49.5%)
14.46B
est: 13.54B (+6.9%)
15.72B
est: 13.66B (+15.1%)
18.91B
est: 11.90B (+58.8%)
19.75B
est: 13.38B (+47.5%)
14.53B
est: 13.68B (+6.2%)
14.11B
est: 11.50B (+22.7%)
15.87B
est: 13.87B (+14.4%)
17.63B
est: 15.09B (+16.8%)
18.04B
est: 15.87B (+13.7%)
19.89B
est: 21.01B (-5.3%)
22.66B
21.69B – 23.22B
+7.8% YoY
24.84B
23.96B – 25.38B
+9.6% YoY
27.51B
26.20B – 28.84B
+10.7% YoY
30.79B
30.76B – 30.82B
+11.9% YoY
34.61B
33.16B – 35.85B
+12.4% YoY
EPS
-23.23
est: 3.25 (-813.9%)
1.95
est: 5.01 (-61.1%)
1.41
est: 5.56 (-74.6%)
8.94
est: 7.12 (+25.5%)
9.87
est: 10.54 (-6.3%)
9.29
est: 12.37 (-24.9%)
5.41
est: 6.27 (-13.7%)
11.68
est: 13.07 (-10.6%)
16.01
est: 13.65 (+17.3%)
19.84
est: 16.93 (+17.2%)
22.28
est: 20.72 (+7.5%)
24.17
22.38 – 25.28
+16.6% YoY
26.62
25.72 – 27.09
+10.1% YoY
30.33
28.06 – 32.43
+13.9% YoY
34.33
32.47 – 35.94
+13.2% YoY
39.20
37.07 – 41.03
+14.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-14 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 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

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.46B
OE per share TTM
2.06
Owner's Yield
0.16%
Maintenance CapEx ratio
8.35%
Maint CapEx / Avg PPE
13.4%

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
7.69M
Shares Outstanding
727.35M

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
Pradeep Jain Chief Financial Officer & Executive Whole-time Director 46M male
Jitendra Mahajan Chief Supply & Sustainability Officer — male
Nimish Shah Executive Vice President & Financial Controller — male
Pragya Kaul Company Secretary & Compliance Officer — female
Praveen Someshwar MD & Chief Executive Officer — male
Ruchira Jaitly Chief Marketing Officer — female
Shobhana Nikam General Counsel (Leave of Absence) — female
Shweta Arora Senior General Manager of Investor Relations — —
Archana Sasan Interim General Counsel — female
Vikram Damodaran Chief Innovation Officer — —
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

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