Valuation United Spirits Limited

Equities

Market Closed - NSE India S.E. Other stock markets 11:05:05 13/03/2026 GMT			5-day change	1st Jan Change
1,314.40 ^INR	-3.60%		-5.43%	-8.96%

03-06	India's Karnataka state to end alcohol price controls from April 2026	RE
02-20	India's Allied Blenders bets on premium liquor, UK trade deal to drive margin growth	RE

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	394,643	629,703	537,015	805,380	995,001	933,297	-	-
Change	-	59.56%	-14.72%	49.97%	23.54%	-6.2%	-	-
Enterprise Value (EV) ¹	402,571	632,517	528,193	792,940	974,701	909,203	901,500	892,497
Change	-	57.12%	-16.49%	50.12%	22.92%	-6.72%	-0.85%	-1%
P/E ratio	103x	76.1x	47.2x	57.2x	62.9x	52.4x	46.2x	40.6x
PBR	9.81x	13x	8.95x	11.5x	12.5x	10.4x	9.2x	8.14x
PEG	-	1x	1.3x	2.4x	5.1x	4.1x	3.4x	2.9x
Capitalization / Revenue	4.85x	6.48x	5.06x	7.11x	8.24x	7.16x	6.49x	5.86x
EV / Revenue	4.95x	6.51x	4.98x	7x	8.08x	6.97x	6.27x	5.61x
EV / EBITDA	38.2x	39.3x	37.3x	39.6x	43.5x	36.5x	32.2x	28.4x
EV / EBIT	53.4x	48.5x	46.6x	46x	49.7x	41.4x	36.4x	32x
EV / FCF	23.4x	75x	110x	77.7x	54.6x	56.7x	52.8x	44.9x
FCF Yield	4.27%	1.33%	0.91%	1.29%	1.83%	1.76%	1.89%	2.23%
Dividend per Share ²	-	-	-	9	8	10.38	11.86	13.3
Rate of return	-	-	-	0.79%	0.57%	0.79%	0.9%	1.01%
EPS ²	5.41	11.68	16.01	19.83	22.28	25.1	28.48	32.4
Distribution rate	-	-	-	45.4%	35.9%	41.3%	41.7%	41%
Net sales ¹	81,313	97,124	106,116	113,210	120,690	130,391	143,758	159,165
EBITDA ¹	10,527	16,081	14,169	20,010	22,430	24,902	28,031	31,460
EBIT ¹	7,536	13,043	11,330	17,250	19,600	21,943	24,738	27,890
Net income ¹	3,836	8,286	11,363	11,370	15,820	18,206	20,613	23,440
Net Debt ¹	7,928	2,814	-8,822	-12,440	-20,300	-24,094	-31,797	-40,800
Reference price ²	556.35	888.35	756.30	1,134.25	1,401.30	1,314.40	1,314.40	1,314.40
Nbr of stocks (in thousands)	709,343	708,846	710,055	710,055	710,055	710,055	-	-
Announcement Date	21/05/21	27/05/22	18/05/23	24/05/24	20/05/25	-	-	-

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	52.37x	6.97x	36.51x	0.79%	10.09B
KWEICHOW MOUTAI CO., LTD.	19.57x	8.6x	12.54x	3.87%	257B
WULIANGYE YIBIN CO.,LTD.	15.13x	3.55x	7.83x	4.91%	57.95B
SHANXI XINGHUACUN FEN WINE FACTORY CO.,LTD.	16.07x	4.98x	11.14x	3.64%	28.18B
LUZHOU LAOJIAO CO.,LTD	13.29x	4.67x	8.08x	5.25%	23.02B
JIANGSU YANGHE DISTILLERY CO., LTD.	20.72x	2.96x	11.36x	9.07%	11.19B
DAVIDE CAMPARI-MILANO N.V.	20.12x	2.98x	11.88x	1.68%	8.47B
ANHUI GUJING DISTILLERY CO., LTD.	13.82x	2.02x	6.31x	4.75%	7.86B
JIANGSU KING'S LUCK BREWERY JOINT-STOCK CO.,LTD.	13.6x	3.19x	8.81x	3.47%	5.32B
ANHUI YINGJIA DISTILLERY CO., LTD.	13.79x	4.19x	9.05x	3.49%	4.12B
Average	19.85x	4.41x	12.35x	4.09%	41.29B
Weighted average by Cap.	18.96x	6.88x	11.87x	4.11%