United Spirits Limited (IN:UNITDSPR)
:UNITDSPR
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United Spirits Limited
(UNITDSPR)
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Rating:73Outperform
Price Target:
₹1,359.00
▼(-0.12% Downside)
Action:ReiteratedDate:10/17/25
United Spirits Limited demonstrates strong financial performance, with robust revenue growth and efficient cash flow generation. The technical analysis suggests positive short-term momentum. However, the high P/E ratio indicates potential overvaluation, which could limit future gains. Overall, the stock is positioned well financially but may face valuation challenges.
Positive Factors
Free Cash Flow Strength
A 75% jump in free cash flow and OCF/Net Income >1 show durable operating cash conversion. Strong cash generation supports reinvestment, deleveraging, and funding brand expansion or marketing without relying on external financing, improving resilience across economic cycles.
Negative Factors
High Reliance on Equity
A capital structure skewed toward equity can limit returns on incremental investments and may require dilutive funding for large capex or roll-ups. Over time this can constrain accelerated expansion or reduce per-share economics if significant external capital is needed.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
A 75% jump in free cash flow and OCF/Net Income >1 show durable operating cash conversion. Strong cash generation supports reinvestment, deleveraging, and funding brand expansion or marketing without relying on external financing, improving resilience across economic cycles.
Read all positive factors
United Spirits Limited (UNITDSPR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹908.28B
Dividend Yield0.83%
Average Volume (3M)33.02K
Price to Earnings (P/E)61.4
Beta (1Y)0.83
Revenue Growth11.13%
EPS Growth15.51%
CountryIN
Employees2,598
SectorConsumer Goods
Sector StrengthN/A
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)7.27
Shares Outstanding727,350,800
10 Day Avg. Volume56,888
30 Day Avg. Volume33,024
Financial Highlights & Ratios
PEG Ratio5.13
Price to Book (P/B)12.32
Price to Sales (P/S)8.31
P/FCF Ratio55.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,445.00Price Target Upside6.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)27.1
Revenue Forecast (FY)₹140.49B
United Spirits Limited Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
United Spirits primarily makes money by selling branded spirits to customers through a combination of direct and indirect distribution channels. Its core revenue stream is the sale of bottled spirits across different categories and price tiers, wh...
United Spirits Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 126.02B | 120.13B | 112.59B | 105.54B | 96.55B | 80.98B |
| Gross Profit | 56.28B | 55.25B | 51.17B | 43.70B | 42.34B | 35.15B |
| EBITDA | 26.13B | 25.07B | 22.08B | 16.66B | 14.78B | 10.27B |
| Net Income | 16.37B | 15.82B | 14.08B | 11.37B | 8.29B | 3.84B |
Balance Sheet | ||||||
| Total Assets | 134.84B | 132.48B | 112.49B | 97.61B | 89.11B | 85.37B |
| Cash, Cash Equivalents and Short-Term Investments | 27.00B | 29.03B | 18.61B | 11.34B | 2.77B | 778.00M |
| Total Debt | 7.03B | 4.80B | 2.65B | 1.83B | 6.05B | 10.37B |
| Total Liabilities | 50.72B | 51.44B | 41.28B | 37.62B | 40.37B | 44.78B |
| Stockholders Equity | 84.08B | 81.04B | 71.21B | 59.99B | 49.54B | 41.20B |
Cash Flow | ||||||
| Free Cash Flow | 8.50B | 17.85B | 10.20B | 4.78B | 8.43B | 16.44B |
| Operating Cash Flow | 9.39B | 19.47B | 11.18B | 6.15B | 9.77B | 18.18B |
| Investing Cash Flow | -4.52B | -11.14B | 2.26B | -550.00M | -3.13B | -992.00M |
| Financing Cash Flow | -9.56B | -5.57B | -4.07B | -5.00B | -6.88B | -17.07B |
United Spirits Limited Technical Analysis
Negative
1360.70
Price Trends
1344.55
Negative
1373.41
Negative
1359.24
Negative
Market Momentum
-34.53
Positive
41.38
Neutral
22.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UNITDSPR, the sentiment is Negative. The current price of 1360.7 is above the 20-day moving average (MA) of 1296.61, above the 50-day MA of 1344.55, and above the 200-day MA of 1359.24, indicating a bearish trend. The MACD of -34.53 indicates Positive momentum. The RSI at 41.38 is Neutral, neither overbought nor oversold. The STOCH value of 22.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:UNITDSPR.
United Spirits Limited Peers Comparison
UnderperformOutperform
Sector (57)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹908.28B | 61.38 | ― | 0.83% | 11.13% | 15.51% | |
65 Neutral | ₹369.79B | 71.27 | ― | 0.12% | 24.62% | 59.27% | |
57 Neutral | $3.13B | 9.23 | -34.32% | 3.14% | -25.56% | -353.61% | |
56 Neutral | ₹27.72B | 25.16 | ― | 0.28% | 2.36% | -26.16% |
* Consumer Goods Sector Average
IN:UNITDSPR
United Spirits Limited
1,248.75
-187.05
-13.03%
IN:GLOBUSSPR
Globus Spirits Limited
953.70
-26.57
-2.71%
IN:RADICO
Radico Khaitan Limited
2,761.70
446.26
19.27%
United Spirits Limited Corporate Events
United Spirits to Exit Royal Challengers Sports in INR 166.6 Billion Deal
Mar 24, 2026
United Spirits Limited has approved the sale of its entire 14,690-share stake in Royal Challengers Sports Private Limited, a wholly owned but non-material subsidiary, for an aggregate consideration of INR 166.6 billion. The transaction, governed b...
United Spirits Wins Full Relief in Long-Running Excise Duty Dispute
Mar 3, 2026
United Spirits Limited has received a favourable order from the Customs, Excise Service Tax Appellate Tribunal in Bangalore concerning an old excise duty dispute for financial years 1997 to 2005. The tribunal upheld the company’s valuation ...
United Spirits Uploads Q3 FY26 Investor Call Recording for Public Access
Jan 21, 2026
United Spirits Limited has informed the stock exchanges that the recording of its investors’ call held on 21 January 2026 has been uploaded and is available on the company’s website via an online link. The disclosure, made under SEBI&#...
United Spirits Inducts Diageo Luxury Chief Julie Bramham to Board as Non-Executive Director
Jan 20, 2026
United Spirits Limited has appointed Julie Bramham as an Additional Director in the capacity of Non-Executive Non-Independent Director, effective 21 January 2026, subject to shareholder approval via postal ballot. Bramham, a seasoned global luxury...
United Spirits Raises Stake in Zero-Alcohol Brand Sober to 25%
Jan 20, 2026
United Spirits Limited has approved a further investment of INR 3.2 crore in V9 Beverages Private Limited, known as Sober, through the subscription of 1,762 compulsorily convertible preference shares. This transaction, structured as a related-part...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.