| 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 |
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 | 3,206 | 3,093 | 3,254 | 3,745 |
| 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 | 2,572 | 2,397 | 2,544 | 3,105 |
| 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 | 634 | 696 | 710 | 640 |
| 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 % | 15 % | 21 % | 20 % | 16 % |
| 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 |
| 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 |
| 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 | 542 | 571 | 624 | 541 |
| 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 | 121 | 154 | 160 | 123 |
| 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 |
| 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 |
United Spirits
United Spirits
1,288.90
-31.40
(-2.38%)
Market Cap
93,748.25 Cr
PE Ratio
55.82
Volume
8,06,047.00
Day High - Low
1,317.60 - 1,281.10
52W High-Low
1,645.00 - 1,276.00
Key Fundamentals
Market Cap
93,748.25 Cr
EPS
22.28
PE Ratio
55.82
PB Ratio
11.42
Book Value
115.60
EBITDA
2,579.00
Dividend Yield
0.91 %
Industry
Beverages Sector
Breweries & Distilleries Return on Equity
19.52
Debt to Equity
0.05
Analyst Rating and Forecast
- By Refinitiv from23 analysts
Actual
Company News
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United Spirits Limited successfully passes postal ballot resolution appointing Ms. Julie Bramham as Non-Executive Non-Independent Director with 99.72% shareholder approval through remote e-voting process.
United Spirits: Karnataka Policy Impact Limited
Mar 06, 2026
Mar 06, 2026Analysts assess that Karnataka's new policy framework does not provide significant benefits for United Spirits, suggesting limited positive impact on the company's operations.
United Spirits Limited received a favourable order from CESTAT deleting entire excise duty demand of ₹79.80 crores plus penalty of ₹60.70 crores relating to FY 1997-2005.
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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 |
|---|---|---|---|---|---|---|---|---|
1,288.90 | #1 93,748.25 | #7 55.82 | #1 12,405.00 | #5 7.44 | #1 1,582 | #5 24.78 | 38.59 | |
1,569.20 | 41,490.46 | 104.47 | 8,951.00 | 9.21 | 442 | 110.91 | 42.16 | |
2,594.00 | 34,731.97 | 70.10 | 4,856.00 | 17.65 | 346 | 62.20 | 38.89 | |
412.90 | 11,549.23 | 45.32 | 3,540.80 | 6.20 | 195 | 10.78 | 28.51 | |
434.95 | 9,055.39 | 98.62 | 1,451.70 | 3.10 | 230 | -295.55 | 45.73 | |
887.25 | 2,570.55 | 34.01 | 2,546.90 | 4.89 | 22 | #1 7,500.00 | 49.93 | |
998.60 | 2,281.49 | #1 14.41 | 684.70 | -1.57 | 129 | 90.91 | 49.77 | |
71.41 | 1,392.41 | 17.10 | 1,447.40 | 12.52 | 105 | -74.42 | 32.95 | |
722.30 | 1,370.87 | 17.12 | 1,080.00 | #1 259.88 | 81 | 4.60 | 35.71 | |
152.80 | 1,290.35 | 44.76 | 583.10 | 1.34 | 70 | -67.62 | 31.82 |
Growth Rate
Revenue Growth
7.44 %
Net Income Growth
12.36 %
Cash Flow Change
74.15 %
ROE
-1.26 %
ROCE
-0.87 %
EBITDA Margin (Avg.)
7.83 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 7,889 | 8,329 | 8,896 | 8,926 | 9,109 | 8,851 | 8,537 | 8,911 | 9,761 | 11,249 | 13,248 |
| Fixed Assets | 1,921 | 1,954 | 1,917 | 1,791 | 1,841 | 1,956 | 1,893 | 1,855 | 1,534 | 1,560 | 1,712 |
| Current Assets | 4,863 | 5,288 | 5,749 | 5,662 | 5,264 | 4,870 | 4,803 | 5,163 | 6,234 | 7,377 | 9,202 |
| Capital Work in Progress | 114 | 282 | 199 | 102 | 118 | 121 | 97 | 96 | 83 | 37 | 72 |
| Investments | 125 | 9 | 0 | 0 | 25 | 22 | 0 | 222 | 286 | 645 | 923 |
| Other Assets | 5,729 | 6,084 | 6,780 | 7,033 | 7,124 | 6,752 | 6,547 | 6,739 | 7,858 | 9,007 | 10,541 |
| 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 |
| Current Liabilities | 5,923 | 5,851 | 6,199 | 5,678 | 5,188 | 4,994 | 4,338 | 3,838 | 3,625 | 3,903 | 4,722 |
| Non Current Liabilities | 1,305 | 838 | 914 | 815 | 834 | 171 | 140 | 198 | 137 | 225 | 422 |
| Total Equity | 660 | 1,640 | 1,783 | 2,433 | 3,087 | 3,687 | 4,059 | 4,875 | 5,999 | 7,121 | 8,104 |
| Reserve & Surplus | 514 | 1,609 | 1,760 | 2,394 | 3,065 | 3,702 | 4,094 | 4,928 | 5,854 | 6,976 | 7,959 |
| Share Capital | 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 |
| Net Cash Flow | -343 | -139 | -56 | 63 | 75 | -150 | 12 | -23 | 60 | 937 | 276 |
| Investing Activities | 3,855 | 733 | -227 | 104 | -66 | -194 | -99 | -313 | -55 | 226 | -1,114 |
| Operating Activities | -196 | 283 | 647 | 925 | 948 | 783 | 1,818 | 977 | 615 | 1,118 | 1,947 |
| Financing Activities | -4,002 | -1,155 | -475 | -966 | -808 | -740 | -1,707 | -688 | -500 | -407 | -557 |
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 |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
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 | 0.00 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.64 | 0.91 | 0.00 |
Announcements
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot7 days ago
7 days ago Shareholder Meeting / Postal Ballot-Scrutinizer"s Report7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation8 days ago
8 days agoDisclosure Under Regulation 30 Of SEBI Listing Regulations 2015Mar 03, 2026
Mar 03, 2026Announcement under Regulation 30 (LODR)-Change in ManagementFeb 19, 2026
Feb 19, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 18, 2026
Feb 18, 2026Announcement under Regulation 30 (LODR)-Change in ManagementFeb 13, 2026
Feb 13, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 11, 2026
Feb 11, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 10, 2026
Feb 10, 2026Shareholder Meeting / Postal Ballot-Notice of Postal BallotFeb 09, 2026
Feb 09, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 02, 2026
Feb 02, 2026Announcement under Regulation 30 (LODR)-Change in ManagementJan 30, 2026
Jan 30, 2026Intimation Regarding Completion Of Further Investment In V9 Beverages Private Limited (Sober)Jan 28, 2026
Jan 28, 2026Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJan 27, 2026
Jan 27, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJan 21, 2026
Jan 21, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJan 21, 2026
Jan 21, 2026Announcement under Regulation 30 (LODR)-AcquisitionJan 20, 2026
Jan 20, 2026Announcement under Regulation 30 (LODR)-Change in DirectorateJan 20, 2026
Jan 20, 2026Announcement under Regulation 30 (LODR)-Date of payment of DividendJan 20, 2026
Jan 20, 2026Corporate Action-Board approves DividendJan 20, 2026
Jan 20, 2026Board Meeting Outcome for Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial Results & Interim Dividend FY26Jan 20, 2026
Jan 20, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJan 20, 2026
Jan 20, 2026Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial Results For Quarter And Nine Months Ended December 31 2025Jan 20, 2026
Jan 20, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 12, 2026
Jan 12, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 12, 2026
Jan 12, 2026Corporate Action-Board to consider DividendJan 12, 2026
Jan 12, 2026Board Meeting Intimation for Considering And Approving The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Nine Months Ended 31St December 2025 And To Consider Declaration Of An Interim Dividend If Any.Jan 12, 2026
Jan 12, 2026Announcement under Regulation 30 (LODR)-Change in ManagementDec 31, 2025
Dec 31, 2025Closure of Trading WindowDec 29, 2025
Dec 29, 2025Disclosure Under Regulation 30 Of SEBI Listing Regulations 2015Dec 24, 2025
Dec 24, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotDec 22, 2025
Dec 22, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportDec 22, 2025
Dec 22, 2025Intimation Under Regulation 30 Of SEBI LODR-ESG RatingDec 09, 2025
Dec 09, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 25, 2025
Nov 25, 2025Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulation 2015 - ESG RatingNov 24, 2025
Nov 24, 2025Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sNov 21, 2025
Nov 21, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 21, 2025
Nov 21, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotNov 20, 2025
Nov 20, 2025Announcement Under Regulation 30 Of SEBI (LODR)Nov 08, 2025
Nov 08, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 06, 2025
Nov 06, 2025Strategic ReviewNov 05, 2025
Nov 05, 2025Announcement Under Regulation 30 (LODR) - Continual Disclosure On Closure Of Unit As Informed To The Exchanges On 5Th February 2025.Nov 01, 2025
Nov 01, 2025Copy Of Newspaper PublicationOct 31, 2025
Oct 31, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 30, 2025
Oct 30, 2025Board Meeting Outcome for Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial ResultsOct 30, 2025
Oct 30, 2025Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial Results For Quarter And Half Year Ended September 30 2025Oct 30, 2025
Oct 30, 2025Disclosure Under Regulation 30 Of SEBI Listing Regulations 2015Oct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 16, 2025
Oct 16, 2025Board Meeting Intimation for Considering And Approving Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Half Year Ended 30Th September 2025.Oct 16, 2025
Oct 16, 2025Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 42.77
ATR(14)
Less Volatile 39.39
STOCH(9,6)
Neutral 26.48
STOCH RSI(14)
Neutral 28.90
MACD(12,26)
Bearish -8.04
ADX(14)
Weak Trend 16.27
UO(9)
Bearish 41.65
ROC(12)
Downtrend And Accelerating -4.38
WillR(14)
Oversold -81.88
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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