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As of 6 Nov 2026, United Spirits trades at 59.8× trailing earnings, above the industry P/E of 31.3×. Sales and net profit grew 5.6% and 17% a year over 3 years, with ROCE of 25% and ROE of 19%. It carries very little debt, and its dividend yield is 1.2%. It is a large-cap company with a market cap of ₹1.0 lakh crore, the largest of 19 Beverages (Wineries & Distilleries) companies by market cap; the shares fell 3.9% 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
₹1,400.70
Day high
₹1,418.00
Day low
₹1,388.20
Prev. close
₹1,394.50
Volume
3.7 L

Health check

2 good · 1 fair · 3 to check
  • ReturnsIn line

    −3.9% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 59.8 vs industry 31.3.

  • GrowthSlow

    Sales +5.6%, profit +17.4% a year over 3 years.

  • ProfitabilityStrong

    ROCE 25.5% vs peer median 20.0%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 7 of 9.

  • Red flags1 to check

    P/E of 59.8 against an industry P/E of 31.3.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Beverages - Wineries & Distilleries

18 listed peers. Screen the industry

Large cap

₹1.0L Cr, the largest of 19 in its industry.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹12,581 Cr · profit ₹1,682 Cr
Market cap
₹1.0L Cr
Large cap
P/E
59.8
Industry 31.3
Price to book
11.11
Peers 5.12
Dividend yield
1.20%
ROE
19.2%
Peers 14.8%
ROCE
25.5%
Peers 20.0%
Debt to equity
0.05
Debt ₹430 Cr
EPS (TTM)
₹23.70
Face value ₹2
OPM (TTM)
17.8%
Net margin 14.7%
Sales growth
+2.9%
Latest quarter vs a year ago
Profit growth
−7.7%
Latest quarter vs a year ago
Price to sales
8.00
EV/EBITDA 45.9

Strengths and risks

Strengths

  • Return on equity of 19.2%.
  • Return on capital employed of 25.5%.
  • Practically debt-free.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 59.8 against an industry P/E of 31.3.

Derived automatically from reported figures. Not a recommendation.

About United Spirits

United Spirits Limited, together with its subsidiaries, manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally. The company offers alcoholic beverages, such as Scotch whisky, Indian made foreign liquor whisky, malts, tequila, brandy, rum, vodka, and gin under the Godawan, McDowell's No.1, Royal Challenge, Royal Challenge American Pride, Signature, Antiquity, Black Dog, Director's Special Black,…

Headquarters
Bengaluru
Employees
2,224
Sector
Consumer Defensive
ISIN
INE854D01024
Website
diageoindia.com

Price range

52 weeks

₹1,210.80₹1,563.40

Today

₹1,388.20₹1,418.00
Avg volume (3M)
8.4 L
1-year return
minus 3.9%
From 52-week high
minus 9.3%

Analyst consensus

25 analysts
BuyMean target ₹1,554.96 plus 9.7%

Target range, with today’s price

Low ₹1,260.00High ₹1,958.00

Next results expected around 20 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Beverages - Wineries & Distilleries

Compare with peersScreen the whole industry
Company
UNITDSPRUnited Spirits1,418.00plus 1.69%1,00,68659.811.1125.5%19.2%17.8%5.6%17.4%1.20%minus 3.9%
RADICORadico Khaitan4,515.20minus 0.22%60,49975.916.4924.0%24.0%19.4%24.6%40.0%0.20%plus 41.4%
ABDLAllied Blenders and Distillers708.00plus 1.28%19,80386.812.0524.6%13.3%13.5%7.4%422.4%0.76%plus 4.0%
TITilaknagar Industries485.50minus 0.32%12,035–3.98–−2.7%15.7%––0.21%minus 3.4%
PICCADILPiccadily Agro Industries582.30minus 1.20%5,74040.66.2520.0%17.4%13.4%19.5%83.3%0.17%minus 14.5%
IGLSPIRITSIGL Spirits852.28minus 4.25%5,71395.9–––0.0%––0.00%minus 7.5%
GLOBUSSPRGlobus Spirits693.25minus 0.93%2,18122.01.6212.4%7.9%10.0%8.7%−9.1%0.94%minus 38.4%
GMBREWGM Breweries837.50minus 0.18%1,91311.11.6819.1%16.3%24.6%8.0%16.2%1.07%minus 32.9%
Median of 7 peers–−0.32%5,74058.35.1220.0%14.8%13.5%8.7%40.0%0.21%−7.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
2,549–3,6943,0542,7083,264
––3,0952,4612,2792,621
–602599593429643
––16.2%19.4%15.8%19.7%
–25512957364
49–19693024
68–80767276
−11–−10−40−8111
–627541703319618
––22.7%19.2%25.7%25.6%
417–418539463428
–9.765.887.596.526.03

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+5.6%
Profit CAGR 3Y
+17.4%
EPS CAGR 3Y
+17.4%
ROE
19.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
10,55411,25911,51712,415
–+6.7%+2.3%+7.8%
9,1379,2579,45710,129
1,4172,0022,0602,286
13.4%17.8%17.9%18.4%
32142320341
1047689158
282275274289
2166411839
1,2791,8572,1352,219
12.0%24.2%23.7%23.0%
1,1371,4081,5821,838
–+23.8%+12.4%+16.2%
16.0119.8322.2825.89

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
145145145145
5,8546,9767,9598,808
183265480413
3,5793,8634,6645,103
9,76111,24913,24814,469
1,2231,1131,3871,311
73438096
20–273208
1,1341,8612,5633,068
7,3118,2328,9459,786
9,76111,24913,24814,469

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6151,1181,9471,459
−55226−1,114−428
−500−407−557−1,450
60937276−419
−137−98−162−181
4781,0201,7851,278
–−284−355−1,263

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 24.9% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you