| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
Revenue  | 2,275 | 2,249 | 2,561 | 2,328 | 2,437 | 2,319 | 2,593 | 2,065 | 1,037 | 2,207 | 2,712 | 2,235 | 1,730 | 2,512 | 2,948 | 2,560 | 2,445 | 3,300 | 2,800 | 2,521 | 2,689 | 2,940 | 3,054 | 2,894 | 2,796 | 2,898 | 3,505 | 3,119 | 3,093 | 3,254 | 3,736 | 3,349 | 3,007 |
| Expenses | 1,948 | 1,810 | 2,158 | 2,033 | 1,943 | 1,907 | 2,163 | 1,744 | 1,199 | 1,906 | 2,216 | 1,844 | 1,579 | 2,039 | 2,429 | 2,224 | 2,086 | 2,474 | 2,556 | 2,286 | 1,972 | 2,401 | 2,516 | 2,480 | 2,049 | 2,344 | 2,933 | 2,474 | 2,397 | 2,544 | 3,094 | 2,530 | 2,360 |
| EBITDA | 326 | 440 | 403 | 294 | 494 | 412 | 431 | 322 | -162 | 301 | 496 | 391 | 151 | 473 | 519 | 335 | 360 | 826 | 244 | 235 | 717 | 539 | 538 | 414 | 747 | 554 | 572 | 645 | 696 | 710 | 642 | 819 | 647 |
| Operating Profit % | 14 % | 19 % | 14 % | 12 % | 20 % | 18 % | 16 % | 12 % | -16 % | 13 % | 17 % | 17 % | 8 % | 19 % | 18 % | 12 % | 14 % | 15 % | 8 % | 9 % | 26 % | 16 % | 16 % | 11 % | 26 % | 18 % | 15 % | 16 % | 21 % | 20 % | 16 % | 17 % | 13 % |
| Depreciation | 58 | 50 | 51 | 56 | 63 | 71 | 66 | 85 | 74 | 69 | 79 | 77 | 74 | 76 | 76 | 77 | 83 | 66 | 65 | 69 | 74 | 66 | 63 | 73 | 72 | 69 | 72 | 70 | 76 | 65 | 80 | 76 | 72 |
| Interest | 62 | 48 | 62 | 65 | 58 | 50 | 51 | 53 | 56 | 56 | 43 | 33 | 25 | 7 | 39 | 17 | 23 | 21 | 24 | 36 | 4 | 27 | 16 | 29 | 22 | 25 | 20 | 22 | 49 | 21 | 19 | 69 | 30 |
| Profit Before Tax | 206 | 342 | 290 | 174 | 373 | 290 | 314 | 184 | -292 | 176 | 374 | 281 | 51 | 390 | 404 | 241 | 254 | 739 | 155 | 130 | 639 | 446 | 459 | 312 | 653 | 460 | 480 | 553 | 571 | 624 | 543 | 674 | 545 |
| Tax | 61 | 121 | 89 | 57 | 191 | 133 | 82 | 134 | -45 | 51 | 94 | 78 | 1 | 104 | 109 | 63 | -7 | 191 | -59 | 28 | 162 | 107 | 109 | 71 | 168 | 119 | 145 | 132 | 154 | 160 | 125 | 135 | 82 |
| Net Profit | 145 | 221 | 201 | 117 | 182 | 158 | 232 | 49 | -247 | 125 | 280 | 203 | 50 | 286 | 295 | 179 | 261 | 548 | 214 | 103 | 477 | 339 | 350 | 241 | 485 | 341 | 335 | 421 | 417 | 464 | 418 | 539 | 463 |
| EPS in ₹ | 2.08 | 3.18 | 2.88 | 1.73 | 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 |
United Spirits
United Spirits
1,512.40
-12.60
(-0.83%)
Market Cap
1,10,004.54 Cr
PE Ratio
58.53
Volume
3,24,797.00
Day High - Low
1,529.80 - 1,512.40
52W High-Low
1,548.00 - 1,210.80
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Key Fundamentals
Market Cap
1,10,004.54 Cr
EPS
25.89
PE Ratio
58.53
PB Ratio
12.32
Book Value
123.10
EBITDA
2,764.00
Dividend Yield
1.12 %
Industry
Beverages Sector
Breweries & Distilleries Return on Equity
19.08
Debt to Equity
0.05
Analyst Rating and Forecast
- By Refinitiv from24 analysts
Actual
Company News
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United Spirits Ltd received an FSSAI order on July 29, 2026, citing label non-conformity for whisky products. The company states there are no material financial or operational implications at this stage.
United Spirits Ltd will participate in Motilal Oswal and DAM Capital conferences in August 2026. The company confirms no unpublished price-sensitive information will be shared during these meetings.
United Spirits Ltd shareholders approved a ₹11 dividend and reappointed Pradeep Jain at its 27th AGM held on August 4, 2026. Walker Chandiok & Co. LLP was named statutory auditor.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
1,512.40 | #1 1,10,004.54 | #5 58.53 | #1 12,945.00 | #6 4.35 | #1 1,709 | #4 11.03 | 66.19 | |
4,499.00 | 60,255.71 | 85.13 | 6,062.30 | 24.84 | 605 | #1 75.94 | 71.90 | |
1,400.30 | 37,024.65 | 94.54 | 9,285.10 | 3.73 | 413 | -9.62 | 51.65 | |
599.25 | 16,761.63 | 80.67 | 3,948.80 | 11.52 | 220 | -18.64 | 41.20 | |
490.75 | 12,144.78 | -333.63 | 2,345.58 | #1 61.57 | 21 | -64.29 | 68.12 | |
906.30 | 2,635.55 | 26.34 | 2,710.24 | 6.41 | 95 | 49.72 | 52.49 | |
908.35 | 2,075.30 | #1 12.29 | 778.10 | 13.64 | 157 | 45.56 | 47.07 | |
732.90 | 1,471.60 | 18.61 | 1,019.40 | -5.61 | 95 | -24.58 | 33.10 | |
73.33 | 1,429.85 | 148.08 | 1,229.32 | -15.07 | 10 | -339.24 | 53.80 | |
158.55 | 1,338.91 | 55.15 | 560.20 | -3.93 | 26 | -42.11 | 50.07 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
4.35 %
Net Income Growth
8.03 %
Cash Flow Change
-25.06 %
ROE
-2.25 %
ROCE
-5.56 %
EBITDA Margin (Avg.)
2.69 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Total Assets | 7,889 | 8,329 | 8,896 | 8,926 | 9,109 | 8,851 | 8,537 | 8,911 | 9,761 | 11,249 | 13,248 | 14,469 |
| Fixed Assets | 1,921 | 1,954 | 1,917 | 1,791 | 1,841 | 1,956 | 1,893 | 1,855 | 1,534 | 1,560 | 1,712 | 1,404 |
| Current Assets | 4,863 | 5,288 | 5,749 | 5,662 | 5,264 | 4,870 | 4,803 | 5,163 | 6,234 | 7,377 | 9,202 | 9,862 |
| Capital Work in Progress | 114 | 282 | 199 | 102 | 118 | 121 | 97 | 96 | 83 | 37 | 72 | 77 |
| Investments | 125 | 9 | 0 | 0 | 25 | 22 | 0 | 222 | 286 | 645 | 923 | 1,171 |
| Other Assets | 5,729 | 6,084 | 6,780 | 7,033 | 7,124 | 6,752 | 6,547 | 6,739 | 7,858 | 9,007 | 10,541 | 11,817 |
| Total Equity & Liabilities | 7,889 | 8,329 | 8,896 | 8,926 | 9,109 | 8,851 | 8,537 | 8,911 | 9,761 | 11,249 | 13,248 | 14,469 |
| Current Liabilities | 5,923 | 5,851 | 6,199 | 5,678 | 5,188 | 4,994 | 4,338 | 3,838 | 3,625 | 3,903 | 4,722 | 4,818 |
| Non Current Liabilities | 1,305 | 838 | 914 | 815 | 834 | 171 | 140 | 198 | 137 | 225 | 422 | 694 |
| Total Equity | 660 | 1,640 | 1,783 | 2,433 | 3,087 | 3,687 | 4,059 | 4,875 | 5,999 | 7,121 | 8,104 | 8,957 |
| Reserve & Surplus | 514 | 1,609 | 1,760 | 2,394 | 3,065 | 3,702 | 4,094 | 4,928 | 5,854 | 6,976 | 7,959 | 8,808 |
| Share Capital | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Net Cash Flow | -343 | -139 | -56 | 63 | 75 | -150 | 12 | -23 | 60 | 937 | 276 | -469 |
| Investing Activities | 3,855 | 733 | -227 | 104 | -66 | -194 | -99 | -313 | -55 | 226 | -1,114 | -478 |
| Operating Activities | -196 | 283 | 647 | 925 | 948 | 783 | 1,818 | 977 | 615 | 1,118 | 1,947 | 1,459 |
| Financing Activities | -4,002 | -1,155 | -475 | -966 | -808 | -740 | -1,707 | -688 | -500 | -407 | -557 | -1,450 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| Promoter | 56.76 % | 56.76 % | 56.73 % | 56.73 % | 56.73 % | 56.73 % | 56.73 % | 56.73 % | 56.68 % | 56.68 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 16.51 % | 0.00 % | 16.68 % | 15.10 % | 16.11 % | 15.93 % | 14.98 % | 15.04 % | 14.38 % | 14.12 % | 14.41 % | 12.89 % |
| DIIs | 7.72 % | 7.79 % | 9.15 % | 9.84 % | 9.45 % | 9.84 % | 10.47 % | 12.10 % | 12.71 % | 12.64 % | 12.33 % | 11.13 % | 12.28 % | 14.01 % | 13.16 % | 13.55 % | 14.60 % | 14.40 % | 14.90 % | 15.37 % | 15.37 % | 17.15 % |
| Government | 1.73 % | 1.73 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % |
| Public / Retail | 9.75 % | 9.46 % | 9.49 % | 9.70 % | 9.89 % | 10.31 % | 9.61 % | 9.37 % | 9.37 % | 9.01 % | 8.74 % | 8.68 % | 8.54 % | 8.41 % | 8.21 % | 8.33 % | 8.16 % | 8.26 % | 8.29 % | 8.07 % | 7.84 % | 7.66 % |
| Others | 24.05 % | 24.26 % | 24.63 % | 23.72 % | 23.92 % | 23.11 % | 23.19 % | 21.79 % | 21.23 % | 21.66 % | 5.74 % | 23.52 % | 5.81 % | 5.80 % | 5.84 % | 5.51 % | 5.58 % | 5.62 % | 5.74 % | 5.76 % | 5.69 % | 5.62 % |
| No of Share Holders | 0 | 1,87,139 | 1,83,411 | 1,91,699 | 2,34,926 | 2,41,111 | 2,52,264 | 2,74,307 | 2,68,993 | 2,49,395 | 2,49,741 | 2,64,583 | 2,51,095 | 2,52,121 | 2,45,558 | 2,57,769 | 2,64,995 | 2,88,900 | 3,23,938 | 3,03,746 | 2,92,661 | 2,93,859 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9 | 12 | 17 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.64 | 0.98 | 1.11 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 17 Nov 2023 |  Dividend | ₹ 4.00 /share | 17 Nov 2023 | 1,082.15 | 1,040.65 |
| 12 Jul 2024 | Dividend | ₹ 5.00 /share | 12 Jul 2024 | 1,174.15 | 1,284.50 |
| 31 Jul 2024 |  Annual General Meeting | NA | 31 Jul 2024 | 1,276.80 | 1,410.00 |
| 23 Oct 2024 |  Quarterly Result Announcement | NA | 23 Oct 2024 | 1,506.30 | 1,472.95 |
| 23 Jan 2025 | Quarterly Result Announcement | NA | 23 Jan 2025 | 1,458.70 | 1,458.70 |
| 03 Apr 2025 | Dividend | ₹ 4.00 /share | 03 Apr 2025 | 1,361.50 | 1,434.45 |
| 20 May 2025 | Quarterly Result Announcement | NA | 20 May 2025 | 1,532.25 | 1,557.10 |
| 01 Aug 2025 | Dividend | ₹ 8.00 /share | 01 Aug 2025 | 1,557.10 | 1,340.20 |
| 13 Aug 2025 | Quarterly Result Announcement | NA | 13 Aug 2025 | 1,322.35 | 1,297.80 |
| 29 Aug 2025 | Annual General Meeting | NA | 29 Aug 2025 | 1,557.10 | 1,281.50 |
| 30 Oct 2025 | Quarterly Result Announcement | NA | 30 Oct 2025 | 1,332.90 | 1,387.40 |
| 20 Jan 2026 | Quarterly Result Announcement | NA | 20 Jan 2026 | 1,331.00 | 1,323.65 |
| 27 Jan 2026 | Dividend | ₹ 6.00 /share | 27 Jan 2026 | 1,323.65 | 1,333.00 |
| 14 May 2026 | Quarterly Result Announcement | NA | 14 May 2026 | 1,325.40 | 1,257.70 |
| 08 Jul 2026 | Dividend | ₹ 11.00 /share | 08 Jul 2026 | 1,257.70 | 1,439.40 |
| 22 Jul 2026 | Quarterly Result Announcement | NA | 22 Jul 2026 | 1,381.20 | 1,390.80 |
| 04 Aug 2026 | Annual General Meeting | NA | 04 Aug 2026 | 1,257.70 | 1,520.00 |
Announcements
Shareholder Meeting / Postal Ballot-Scrutinizers Report
1 day ago
1 day agoDisclosure Under Regulation 30 Of SEBI Listing Regulations2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation2 days ago
2 days agoShareholder Meeting / Postal Ballot-Outcome of AGM3 days ago
3 days agoDisclosure Under Regulation 30 Of SEBI Listing Regulations4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript8 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 23, 2026
Jul 23, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 23, 2026
Jul 23, 2026Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial Results For Quarter Ended June 30 2026Jul 22, 2026
Jul 22, 2026Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsJul 22, 2026
Jul 22, 2026Announcement under Regulation 30 (LODR)-AcquisitionJul 22, 2026
Jul 22, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 15, 2026
Jul 15, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 11, 2026
Jul 11, 2026Business Responsibility and Sustainability Reporting (BRSR)Jul 10, 2026
Jul 10, 2026Reg. 34 (1) Annual Report.Jul 10, 2026
Jul 10, 2026Notice Of 27Th Annual General Meeting (AGM) And Integrated Annual Report Of The Company For FY2025-26.Jul 10, 2026
Jul 10, 2026Board Meeting Intimation for Consider And Approve The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter Ended 30Th June 2026.Jul 10, 2026
Jul 10, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 10, 2026
Jul 10, 2026Update On Closure Of Factory OperationsJul 08, 2026
Jul 08, 2026Announcement under Regulation 30 (LODR)-Change in DirectorateJul 03, 2026
Jul 03, 2026Closure of Trading WindowJun 26, 2026
Jun 26, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 19, 2026
Jun 19, 2026Announcement under Regulation 30 (LODR)-Change in DirectorateJun 12, 2026
Jun 12, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 10, 2026
Jun 10, 2026Disclosure Under Regulation 30 Of SEBI Listing Regulations - Closure Of Factory OperationsJun 04, 2026
Jun 04, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 29, 2026
May 29, 2026Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 21, 2026
May 21, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 20, 2026
May 20, 2026Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015May 17, 2026
May 17, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 15, 2026
May 15, 2026Announcement under Regulation 30 (LODR)-Investor PresentationMay 15, 2026
May 15, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 15, 2026
May 15, 2026Announcement under Regulation 30 (LODR)-Change in ManagementMay 15, 2026
May 15, 2026Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 14, 2026
May 14, 2026Intimation Under Regulation 8(2) Of The Securities And Exchange Board Of India (Prohibition Of Insider Trading) Regulations 2015 (SEBI PIT Regulations).May 14, 2026
May 14, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 14, 2026
May 14, 2026Record Date For The Purpose Of Determining Entitlement Of The Shareholders To Pay Final Dividend FY26 Has Been Fixed As July 8 2026May 14, 2026
May 14, 2026Announcement under Regulation 30 (LODR)-Date of payment of DividendMay 14, 2026
May 14, 2026Announcement under Regulation 30 (LODR)-Dividend UpdatesMay 14, 2026
May 14, 2026Corporate Action-Board approves DividendMay 14, 2026
May 14, 2026Board Meeting Outcome for Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial Results Final Dividend FY26 And AGM DateMay 14, 2026
May 14, 2026Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial Results For Quarter And Year Ended March 31 2026May 14, 2026
May 14, 2026Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsMay 11, 2026
May 11, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 11, 2026
May 11, 2026Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsMay 11, 2026
May 11, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 06, 2026
May 06, 2026Quarterly Update (Preview): Q4FY26May 05, 2026
May 05, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 04, 2026
May 04, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 04, 2026
May 04, 2026Board Meeting Intimation for Considering And Approving The Audited Financial Results (Standalone And Consolidated) Of The Company And Recommend Final Dividend If Any For The Financial Year Ended 31St March 2026.May 04, 2026
May 04, 2026Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 70.47
ATR(14)
Less Volatile 30.45
STOCH(9,6)
Overbought 85.75
STOCH RSI(14)
Neutral 72.95
MACD(12,26)
Bullish 4.79
ADX(14)
Strong Trend 37.24
UO(9)
Bearish 48.56
ROC(12)
Uptrend And Accelerating 9.65
WillR(14)
Overbought -12.47
About United Spirits
United Spirits Limited (USL) is India's largest alcoholic beverage company and a major consumer goods producer. It manufactures, sells, and distributes beverage alcohol, with a portfolio of over 80 brands including Scotch whisky, Indian Made Foreign Liquor (IMFL) whisky, brandy, rum, vodka, and gin. USL produces and sells around 72...more
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Chairperson NameV K Viswanathan
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