MCDOWELL-N

United Spirits Share PriceUnited Spirits

₹1,045.25
-20.8 (-1.95%)
  • Advice
  • Hold
As on 11 December, 2023 | 02:38 BSE: 532432 NSE: MCDOWELL-NISIN: INE854D01024

United Spirits Performance

Day Range

  • Low 1,032.75
  • High 1,073.00
₹ 1,045.25

52 Week Range

  • Low 730.55
  • High 1,110.00
₹ 1,045.25
  • Open Price1,069.00
  • Previous Close1,066.05
  • Volume908224

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United Spirits Share Price

  • Over 1 Month -4.94%
  • Over 3 Month -0.94%
  • Over 6 Month 20%
  • Over 1 Year 10.98%

United Spirits Key Statistics

P/E Ratio 67.1
PEG Ratio -5.2
Market Cap Cr 76,026
Price to Book Ratio 12.7
EPS 12.2
Dividend 0.4
Relative Strength Index 47.03
Money Flow Index 61.74
MACD Signal 2.72
Average True Range 22.03

United Spirits Investment Rating

  • Master Rating:
  • United Spirits has an operating revenue of Rs. 17,826.40 Cr. on a trailing 12-month basis. An annual revenue growth of 10% is good, Pre-tax margin of 12% is healthy, ROE of 18% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 13% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 5% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 65 which is a FAIR score but needs to improve its earnings, a RS Rating of 43 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C which is evident from recent supply seen, Group Rank of 102 indicates it belongs to a poor industry group of Beverages-Alcoholic and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

United Spirits Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 6,7345,3132,4942,7812,8802,1692,435
Operating Expenses Qtr Cr 6,2644,9272,1562,4132,4341,8952,008
Operating Profit Qtr Cr 470385338368446274427
Depreciation Qtr Cr 65656864566567
Interest Qtr Cr 2643624141713
Tax Qtr Cr 107813542193-3163
Net Profit Qtr Cr 341238204111563210136
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 10,4489,423
Operating Expenses Annual Cr 8,9557,871
Operating Profit Annual in Cr 1,4191,511
Depreciation Cr 271254
Interest Annual Cr 10465
Tax Annual Cr 238254
Net Profit Annual Cr 1,052770
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 577889
Cash from Investing Activity Annual Cr -21-227
Cash from Financing Annual Activity Cr -501-684
Net Cash Flow Annual Cr 54-22
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 5,9454,902
Fixed Assets Annual Cr 1,2901,391
Total Non Current Assets Annual Cr 3,3503,268
Total Current Assets Annual Cr 6,2215,147
Total Assets Annual Cr 9,5718,415
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 8267
ROE Annual % 1816
ROCE Annual % 2026
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1417
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 6,7375,8082,5032,7792,9112,4192,536
Operating Expenses Qtr Cr 6,2705,0952,2672,4072,4742,0472,104
Operating Profit Qtr Cr 467714236372437372432
Depreciation Qtr Cr 65746965668377
Interest Qtr Cr 2643624212317
Tax Qtr Cr 10616228-59191-763
Net Profit Qtr Cr 339477103214553266182
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 10,6859,748
Operating Expenses Annual Cr 9,1958,104
Operating Profit Annual in Cr 1,4171,608
Depreciation Cr 283304
Interest Annual Cr 10488
Tax Annual Cr 153276
Net Profit Annual Cr 1,136829
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 615977
Cash from Investing Activity Annual Cr -53-313
Cash from Financing Annual Activity Cr -501-688
Net Cash Flow Annual Cr 61-23
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 6,0004,954
Fixed Assets Annual Cr 1,6161,930
Total Non Current Assets Annual Cr 3,5273,748
Total Current Assets Annual Cr 6,2355,163
Total Assets Annual Cr 9,7628,911
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 8267
ROE Annual % 1917
ROCE Annual % 2026
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1417

United Spirits Technicals

EMA & SMA

Current Price
₹1,045.25
-20.8 (-1.95%)
pointer
  • Bullish Moving Average
  • ___
  • 7
  • Bearish Moving Average
  • ___
  • 9
  • 20 Day
  • ₹1,054.06
  • 50 Day
  • ₹1,044.26
  • 100 Day
  • ₹1,014.43
  • 200 Day
  • ₹961.70
  • 20 Day
  • ₹1,052.15
  • 50 Day
  • ₹1,044.95
  • 100 Day
  • ₹1,029.25
  • 200 Day
  • ₹922.46

United Spirits Resistance and Support

PIVOT
₹1,050.34
Resistance
First Resistance 1,067.92
Second Resistance 1,090.58
Third Resistance 1,108.17
RSI 47.03
MFI 61.74
MACD Single Line 2.72
MACD 2.34
Support
First Resistance 1,027.67
Second Resistance 1,010.08
Third Resistance 987.42

United Spirits Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 933,905 52,774,972 56.51
Week 1,342,596 90,397,016 67.33
1 Month 1,188,355 69,352,376 58.36
6 Month 1,033,356 50,510,455 48.88

United Spirits Result Highlights

United Spirits Synopsis

NSE-Beverages-Alcoholic

United Spirits is involved in the business activities of Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials. Company’s Total Operating Revenue is Rs. 10373.70 Cr. and Equity Capital is Rs. 145.50 Cr. for the Year ended 31/03/2023. United Spirits Ltd. is a Public Limited Listed company incorporated on 31/03/1999 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L01551KA1999PLC024991 and registration number is 024991.
Market Cap 76,026
Sales 17,321
Shares in Float 31.28
No of funds 936
Yield 0.38
Book Value 12.79
U/D Vol ratio 0.9
LTDebt / Equity
Alpha
Beta 0.84

United Spirits

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 56.67%56.68%56.68%56.73%
Mutual Funds 9.96%10.07%9.9%9.54%
Insurance Companies 0.83%0.88%1.16%1.15%
Foreign Portfolio Investors 16.51%15.92%15.38%15.98%
Financial Institutions/ Banks 0.06%0.19%0.16%0.15%
Individual Investors 8.74%9.02%9.38%9.36%
Others 7.23%7.24%7.34%7.09%

United Spirits Management

Name Designation
Mr. Mahendra Kumar Sharma Chairman & Ind.Director
Ms. Hina Nagarajan Managing Director & CEO
Dr.(Mrs.) Indu Shahani Independent Director
Mr. D Sivanandhan Independent Director
Mr. Rajeev Gupta Independent Director
Mr. V K Viswanathan Independent Director
Mr. John Thomas Kennedy Non Executive Director
Mr. Mark Dominic Sandys Non Executive Director
Mr. Pradeep Jain Executive Director & CFO
Ms. Mamta Sundara Non Executive Director

United Spirits Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

United Spirits Corporate Action

Date Purpose Remarks
2023-11-08 Quarterly Results & Interim Dividend
2023-07-20 Quarterly Results
2023-05-18 Audited Results
2023-01-24 Quarterly Results
2022-10-21 Quarterly Results
Date Purpose Remarks
2023-11-17 INTERIM Rs.4.00 per share(200%)Interim Dividend

United Spirits MF Shareholding

Name Amount(cr)
HDFC Balanced Advantage Fund Growth 63,981
Parag Parikh Flexi Cap Regular Growth 44,038
Kotak Emerging Equity Scheme Growth 33,700
Kotak Equity Arbitrage Fund Growth 28,958
Mirae Asset Emerging Bluechip Fund Growth 28,104

About United Spirits

United Spirits Limited (USL) is India’s largest spirits manufacturer. The liquor brand portfolio of USL comprises Royal Challenge, Signature and McDowell’s No.1 whisky brands. It also manufactures, markets and sells other international brands like Smirnoff Vodka and Ketel One Vodka through Star Brands Limited in India. It is available in 30+ countries, including Australia, Fiji Islands, Kenya, Mauritius, and Singapore.  

Business Verticals

The Company manufactures, purchases, and sells beverage alcohol (spirits and wines) through third party manufacturing units and strategic brand franchises. Furthermore, the Company owns the Bangalore franchise of the Board of Control for Cricket in India - Indian Premier League (BCCI-IPL). Some of the most popular brands include:

Antiquity
United Spirits' Antiquity whisky brand is a blend of Indian and Scotch malt whisky that comes in two varieties. This brand, along with Blenders Pride, Peter Scot, Royal Challenge, and Signature, are the best-selling whiskies in India.

Signature
Signature whisky is an imported Scotch whisky blend, available in two varieties. In India, the brand is also associated with the cricket league and has sponsored golf, derby, tennis, and polo championships.

The Royal Challenge
The Royal Challenge brand of Indian whisky is a leading brand in the premium whisky segment, manufactured by United Spirits, and is the name behind the IPL team Royal Challengers Bangalore. RC whisky was also the first premium whisky in India by volume.

McDowell's Single Malt Scotch Whisky
United Spirits Limited's McDowell's Single Malt whisky is a smooth blend of imported Scotch and Oak Matured. McDowell's also sells bottled water and soda in India.

No. 1 McDowell's Whisky
McDowell's No. 1 whisky is United Spirits' flagship brand and one of the best-selling whiskies in India. The brand offers three types of alcoholic beverages: whisky, brandy, and rum, and it is also the world's largest-selling umbrella spirits brand.

McDowell's Number One Rum
McDowell's No. 1 Celebration Rum is one of the top three best-selling rum brands in the world, as well as India's best-selling rum, having surpassed a popular brand called Old Monk and Bacardi white rum.

Vodka Romanov
Romanov vodka, produced by United Spirits, contains 42.8 per cent alcohol by volume and is the company's second most popular vodka brand, following White Mischief. Romanov vodka comes in four flavours: Orange, Lemon, Apple, and Romanov Red, and it is also one of the cheapest vodkas available in India.

Milestones

2000 - On April 1 McDowell Spirits Ltd was renamed McDowell & Company Ltd. 

2002 - McDowell & Company acquired McDowell Alcobev and Phipson Distillery and made them the company's wholly-owned subsidiary. They also acquired Triumph Distillers and Vintners Pvt Ltd with an 85 per cent equity stake to make them a subsidiary company as well.

2003 - Andhra Pradesh market meets ‘Derby Special Whisky’ by McDowell & Company. 

2004 - Karnataka market is introduced to Old Cask Rum and the Tamil Nadu market is introduced to ‘Signature,’ the newest premium product by McDowell & Company Ltd at that time. 

2004-05 - This fiscal year witnessed the acquisition of McDowell India Spirits Ltd, which became a wholly-owned subsidiary of McDowell & Company Ltd after it bought  50000 equity shares of Rs 10 each from the company's existing shareholders.

2005 - On April 1, Phipson Distillery Ltd., United Spirits Ltd., Herbertsons Ltd., Triumph Distillers & Vintners Pvt Ltd, Baramati Grape Industries Ltd., United Distillers India Ltd., McDowell International Brands Ltd., and Shaw Wallace Distilleries Ltd., merged.Collectively they formed United Distillers India Ltd with the vision to cater to a broader consumer base that predominantly belonged to the middle class. To achieve the vision of growth, the company launched a low-cost variant of their Black Dog Scotch.

2006 - On October 17, McDowell & Company Ltd. was officially renamed United Spirits Ltd. During the same fiscal year of 2006-07, United Spirits Ltd acquired Bouvet-Ladubay S.A., a 3.2 million-bottle winery in the Saumur Valley of France's Loire region, and initiated their international operations.

2007 - In May, United Spirits Ltd acquired Whyte & Mackay, a leading Scotch whisky distiller by purchasing their 100 per cent stake. 
 

United Spirits FAQs

What is Share Price of United Spirits ?

United Spirits share price is ₹1,045 As on 11 December, 2023 | 02:24

What is the Market Cap of United Spirits ?

The Market Cap of United Spirits is ₹76026.4 Cr As on 11 December, 2023 | 02:24

What is the P/E ratio of United Spirits ?

The P/E ratio of United Spirits is 67.1 As on 11 December, 2023 | 02:24

What is the PB ratio of United Spirits ?

The PB ratio of United Spirits is 12.7 As on 11 December, 2023 | 02:24

What were the company's most recent reported sales and net income?

United Spirits Ltd. recorded sales of INR 9712 crores in FY 22.

What is the future of the company's shares?

United Spirits Ltd. stock is a good option for long-term investment since buying was seen in higher volumes suggesting strong bullishness and a future increase in sales.

How to buy shares of United Spirits Ltd.?

The company's shares can be bought online or offline by opening a Demat account with 5Paisa and verifying the KYC documents.

Q2FY23