Valuation United Spirits Limited

Stocks

Market Closed - NSE India S.E. Other stock markets 04:35:09 18/06/2026 pm IST			5-day change	1st Jan Change
1,350.30 ^INR	+3.23%		+7.18%	-6.47%

05/06	United Spirits to Close Factory Operations at Hyderabad, India Unit	MT
19/05	Nomura Adjusts United Spirits' Price Target to INR1,500 from INR1,650, Keeps at Buy	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	3,94,643	6,29,703	5,37,015	8,05,380	9,95,001	9,58,788	-	-
Change	-	59.56%	-14.72%	49.97%	23.54%	-3.64%	-	-
Enterprise Value (EV) ¹	4,02,571	6,32,517	5,28,193	7,92,940	9,74,701	8,34,076	9,04,230	9,20,850
Change	-	57.12%	-16.49%	50.12%	22.92%	-14.43%	-3.07%	1.84%
P/E	103x	76.1x	47.2x	57.2x	62.9x	47.1x	48.6x	42.3x
PBR	9.81x	13x	8.95x	11.5x	12.5x	9.87x	6.59x	7.27x
PEG	-	1x	1.3x	2.4x	5.1x	2.9x	7.59x	2.8x
Capitalization / Revenue	4.85x	6.48x	5.06x	7.11x	8.24x	6.94x	6.92x	6.18x
EV / Revenue	4.95x	6.51x	4.98x	7x	8.08x	6.69x	6.52x	5.94x
EV / EBITDA	38.2x	39.3x	37.3x	39.6x	43.5x	36.5x	34.8x	30.4x
EV / EBIT	53.4x	48.5x	46.6x	46x	49.7x	41.8x	39.5x	34.2x
EV / FCF	23.4x	75x	110x	77.7x	54.6x	65.3x	49.2x	46x
FCF Yield	4.27%	1.33%	0.91%	1.29%	1.83%	1.53%	2.03%	2.17%
Dividend per Share ²	-	-	-	9	8	11	14.08	14.97
Rate of return	-	-	-	0.79%	0.57%	0.9%	1.08%	1.14%
EPS ²	5.41	11.68	16.01	19.83	22.28	25.89	26.9	30.95
Distribution rate	-	-	-	45.4%	35.9%	42.5%	52.4%	48.4%
Net sales ¹	81,313	97,124	1,06,116	1,13,210	1,20,690	1,24,670	1,38,621	1,55,120
EBITDA ¹	10,527	16,081	14,169	20,010	22,430	22,860	26,013	30,306
EBIT ¹	7,536	13,043	11,330	17,250	19,600	19,970	22,898	26,954
Net income ¹	3,836	8,286	11,363	11,370	15,820	18,380	19,307	22,404
Net Debt ¹	7,928	2,814	-8,822	-12,440	-20,300	-31,340	-54,557	-37,937
Reference price ²	556.35	888.35	756.30	1,134.25	1,401.30	1,308.00	1,308.00	1,308.00
Nbr of stocks (in thousands)	7,09,343	7,08,846	7,10,055	7,10,055	7,10,055	7,10,055	-	-
Announcement Date	21/05/21	27/05/22	18/05/23	24/05/24	20/05/25	14/05/26	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
UNITED SPIRITS LIMITED	51.75x	6.92x	36.25x	0.79%	984.12Cr
KWEICHOW MOUTAI CO., LTD.	18.09x	7.77x	11.57x	4.26%	23TCr
WULIANGYE YIBIN CO.,LTD.	16.34x	3.32x	7.39x	6.66%	4.45TCr
SHANXI XINGHUACUN FEN WINE FACTORY CO.,LTD.	12.29x	3.5x	8.28x	5.35%	2.12TCr
LUZHOU LAOJIAO CO.,LTD	12.11x	4.03x	7x	6.29%	1.81TCr
JIANGSU YANGHE DISTILLERY CO., LTD.	26.08x	2.83x	13.15x	3.64%	938.02Cr
DAVIDE CAMPARI-MILANO N.V.	17.52x	2.69x	10.76x	1.91%	752.32Cr
ANHUI GUJING DISTILLERY CO., LTD.	11.98x	1.42x	4.78x	5.57%	591.43Cr
JIANGSU KING'S LUCK BREWERY JOINT-STOCK CO.,LTD.	11.99x	2.76x	7.47x	4.19%	463.63Cr
ANHUI YINGJIA DISTILLERY CO., LTD.	12.71x	3.98x	8.51x	4.28%	389.58Cr
Average	19.09x	3.92x	11.52x	4.29%	3.55TCr
Weighted average by Cap.	18.11x	6.29x	11.12x	4.59%