United Breweries share price, P/E, ROE & financials

United Breweries (UBL) had a P/E of 64.9× on 6 Nov 2026, above the industry P/E of 18.4×, and the shares are 35% below their 52-week high. Sales and net profit grew 6.6% and 11% a year over 3 years; its ROCE of 14% is the highest among its 4 Beverages (Brewers) peers. Debt is 0.25× equity, and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹31,456 Cr, the largest of 5 Beverages (Brewers) companies by market cap; the shares fell 34% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹1,196.90
Day high: ₹1,228.70
Day low: ₹1,184.50
Prev. close: ₹1,196.90
Volume: 7.1 L

Health check

1 good · 3 fair · 2 to check

ReturnsAhead
−34.0% over a year, better than 3 of 4 peers.
Price tagPricier
P/E 64.9 vs industry 18.4.
GrowthSteady
Sales +6.6%, profit +10.8% a year over 3 years.
ProfitabilityAverage
ROCE 13.5% vs peer median 2.1%.
Balance sheetFair
Debt 0.25× equity, interest covered 9.3×, Piotroski 5 of 9.
Red flags2 to check
P/E of 64.9 against an industry P/E of 18.4.

Compared with 4 industry peers. Computed from reported figures. Educational, not a recommendation.

Beverages - Brewers

4 listed peers. Screen the industry

Small cap

₹31,456 Cr, the largest of 5 in its industry.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹9,927 Cr · profit ₹484 Cr

Market cap: ₹31,456 Cr; Small cap
P/E: 64.9; Industry 18.4
Price to book: 6.90; Peers 2.40
Dividend yield: 0.84%
ROE: 10.9%; Peers 0.6%
ROCE: 13.5%; Peers 2.1%
Debt to equity: 0.25; Debt ₹1,119 Cr
EPS (TTM): ₹18.32; Face value ₹1
OPM (TTM): 9.1%; Net margin 4.9%
Sales growth: +23.6%; Latest quarter vs a year ago
Profit growth: +190.9%; Latest quarter vs a year ago
Price to sales: 3.17; EV/EBITDA 37.2

Strengths

Quarterly profit up 190.9% on a year ago.
Quarterly sales up 23.6% on a year ago.

Risks to check

P/E of 64.9 against an industry P/E of 18.4.
35% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About United Breweries

United Breweries Limited engages in manufacture, purchase, and sale of beer and non-alcoholic beverages in India and internationally. The company provides beer products under the Heineken Original, Heineken Silver, Kingfisher Premium, Kingfisher Strong, Kingfisher Ultra, Kingfisher Ultra Max, Kingfisher Ultra Witbier, Amstel, Amstel Grande, Bullet, Bullet Super Strong, Cannon 10000, Zingaro, Kingfisher Strong, Kingfisher Flavour Mango and lemon, Kalyani…

Headquarters: Bengaluru
Employees: 2,964
Sector: Consumer Defensive
ISIN: INE686F01025
Website: unitedbreweries.com

Price range

52 weeks

₹1,128.60₹1,819.00

Today

₹1,184.50₹1,228.70

Avg volume (3M): 2.5 L
1-year return: minus 34.0%
From 52-week high: minus 34.6%

Analyst consensus

19 analysts

HoldMean target ₹1,388.16 16.7%

Target range, with today’s price

Low ₹1,120.00High ₹1,750.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Beverages - Brewers

Compare with peers Screen the whole industry

Company
UBLUnited Breweries	1,189.70	minus 0.60%	31,456	64.9	6.90	13.5%	10.9%	9.1%	6.6%	10.8%	0.84%	minus 34.0%
SDBLSom Distilleries & Breweries	73.43	minus 1.92%	1,527	–	1.94	4.3%	1.4%	3.1%	14.2%	−44.4%	0.00%	minus 42.5%
ASGARDAsgard Alcobev	34.88	plus 0.49%	1,087	268.3	16.40	5.7%	4.9%	7.9%	583.1%	122.0%	0.00%	minus 14.1%
CUPIDALBVCupid Breweries and Distilleries	24.12	minus 0.37%	220	–	0.33	−0.1%	−0.1%	0.0%	–	–	0.00%	minus 76.9%
KATIPATANGKati Patang Lifestyle	13.01	plus 7.17%	69	–	2.85	−24.2%	−52.1%	−83.6%	35.2%	–	0.00%	minus 47.2%
Median of 4 peers	–	0.06%	653	268.3	2.40	2.1%	0.6%	1.6%	35.2%	38.8%	0.00%	−44.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
2,864	2,073	2,250	3,067	2,537
2,553	1,847	2,111	2,784	2,278
311	226	139	283	259
10.9%	10.9%	6.2%	9.2%	10.2%
11.1	11.1	8.2	50.7	41.3
11.2	16.9	29	23	28.3
62.9	69	76	85.8	89.3
–	−18.7	74	–	–
248	132	116	224	183
25.8%	38.7%	12.4%	25.9%	26.2%
184	81	102	166	135
6.95	3.06	3.85	6.29	5.12

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +6.6%
Profit CAGR 3Y: +10.8%
EPS CAGR 3Y: +10.8%
ROE: 10.9%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
7,331	7,876	8,593	8,879
–	+7.4%	+9.1%	+3.3%
6,714	7,180	7,752	8,062
616	697	841	817
8.4%	8.8%	9.8%	9.2%
47.8	72.7	34.8	30.1
4.4	6.7	12.1	68.1
211	212	233	272
−31.8	0.3	−25.7	55.3
417	551	605	562
27.0%	25.5%	26.9%	26.5%
304	410	442	413
–	+34.9%	+7.7%	minus 6.5%
11.50	15.51	16.71	15.63

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
26.4	26.4	26.4	26.4
3,938	4,152	4,337	4,496
15.6	102	620	1,317
2,300	2,773	3,239	3,854
6,280	7,053	8,223	9,693
1,923	1,941	2,021	2,609
90.8	181	286	571
14.7	9.5	12.1	12.4
337	142	351	468
3,915	4,779	5,553	6,032
6,280	7,053	8,223	9,693

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−120	69.5	214	435
−121	−148	−238	−409
−292	−122	237	91.5
−533	−201	213	117
−156	−192	−258	−512
−276	−122	−44.8	−76.8
−278	−199	−245	−249

Shareholding pattern

Source: NSE filings

70.8%

promoters

Promoters70.83%
Public29.17%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	70.83%	29.17%	0.00
30 Jun 2026	70.83%	29.17%	0.00
31 Mar 2026	70.83%	29.17%	0.00
31 Dec 2025	70.83%	29.17%	0.00
30 Sep 2025	70.83%	29.17%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you