Valuation United Spirits Limited

Equities

Delayed NSE India S.E. Other stock markets 11:23:14 12/05/2026 BST			5-day change	1st Jan Change
1,247.50 ^INR	-1.47%		-5.18%	-13.59%

04-15	Allied Blenders and Distillers Limited Announces Executive Changes, Effective April 15, 2026	CI
03-26	Correction to Diageo Article on Wednesday	DJ

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	899,001	-	-
Change	-	59.56%	-14.72%	49.97%	23.54%	-9.65%	-	-
Enterprise Value (EV) ¹	402,571	632,517	528,193	792,940	974,701	873,065	865,663	857,200
Change	-	57.12%	-16.49%	50.12%	22.92%	-10.43%	-0.85%	-0.98%
P/E ratio	103x	76.1x	47.2x	57.2x	62.9x	50.1x	45.1x	39.3x
PBR	9.81x	13x	8.95x	11.5x	12.5x	9.93x	8.92x	8.02x
PEG	-	1x	1.3x	2.4x	5.1x	3.7x	4.1x	2.7x
Capitalization / Revenue	4.85x	6.48x	5.06x	7.11x	8.24x	6.89x	6.27x	5.67x
EV / Revenue	4.95x	6.51x	4.98x	7x	8.08x	6.69x	6.03x	5.4x
EV / EBITDA	38.2x	39.3x	37.3x	39.6x	43.5x	35.1x	31.4x	27.4x
EV / EBIT	53.4x	48.5x	46.6x	46x	49.7x	39.4x	35.5x	31x
EV / FCF	23.4x	75x	110x	77.7x	54.6x	54.6x	51.4x	43x
FCF Yield	4.27%	1.33%	0.91%	1.29%	1.83%	1.83%	1.95%	2.32%
Dividend per Share ²	-	-	-	9	8	10.38	11.79	13.21
Rate of return	-	-	-	0.79%	0.57%	0.82%	0.93%	1.04%
EPS ²	5.41	11.68	16.01	19.83	22.28	25.28	28.07	32.23
Distribution rate	-	-	-	45.4%	35.9%	41.1%	42%	41%
Net sales ¹	81,313	97,124	106,116	113,210	120,690	130,537	143,457	158,636
EBITDA ¹	10,527	16,081	14,169	20,010	22,430	24,903	27,595	31,241
EBIT ¹	7,536	13,043	11,330	17,250	19,600	22,132	24,406	27,656
Net income ¹	3,836	8,286	11,363	11,370	15,820	18,304	20,215	23,303
Net Debt ¹	7,928	2,814	-8,822	-12,440	-20,300	-25,936	-33,338	-41,801
Reference price ²	556.35	888.35	756.30	1,134.25	1,401.30	1,266.10	1,266.10	1,266.10
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	50.09x	6.69x	35.06x	0.82%	9.44B
KWEICHOW MOUTAI CO., LTD.	19.83x	8.57x	12.75x	3.92%	251B
WULIANGYE YIBIN CO.,LTD.	19.06x	4.21x	9.24x	5.64%	52.45B
SHANXI XINGHUACUN FEN WINE FACTORY CO.,LTD.	14.54x	4.2x	9.89x	4.51%	25.2B
LUZHOU LAOJIAO CO.,LTD	13.42x	4.68x	8.42x	5.44%	20.99B
JIANGSU YANGHE DISTILLERY CO., LTD.	28.28x	3.13x	14.4x	3.44%	10.71B
DAVIDE CAMPARI-MILANO N.V.	17.83x	2.71x	10.88x	1.89%	7.76B
ANHUI GUJING DISTILLERY CO., LTD.	14.01x	1.83x	6.17x	4.62%	7.32B
JIANGSU KING'S LUCK BREWERY JOINT-STOCK CO.,LTD.	13.83x	3.22x	8.72x	3.98%	5.3B
ANHUI YINGJIA DISTILLERY CO., LTD.	14.78x	4.64x	9.92x	3.68%	4.51B
Average	20.57x	4.39x	12.54x	3.79%	39.44B
Weighted average by Cap.	19.71x	6.95x	12.20x	4.15%