U

United Spirits Limited

UNITDSPRNSE
Market snapshot · 2026-08-11 12:16 UTC

1,548.70

+₹26.70 (+1.75%)

MARKET CAP

₹1.10L Cr

STOCK P/E

65.2x

52W HIGH

₹1,548.70

52W LOW

₹1,210.80

BOOK VALUE

₹126.09

EPS

₹23.74

ROE

SECTOR

Consumer Staples

DEBT/EQUITY

4.61

VOLUME

5.47L

P/B RATIO

12.28x

PEG RATIO

5.82

Sector

Consumer Staples

Themes

Alcoholic Beverages
D
Dividend
E
Earnings
₹1,548.70₹1,464.49₹1,380.28₹1,296.08₹1,211.87VolumeEEEDEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for UNITDSPR.

25.00 analysts

Price Forecast

Current
₹1,549
High Target
₹1,993
▲ +28.7%
Median Target
₹1,560
▲ +0.7%
Low Target
₹1,303
▼ -15.9%
Now₹1,549High ₹1,993Median ₹1,560Low ₹1,303Aug '25Now12M Target
Price history (1Y)
Analyst target range
25 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,346 - ₹1,81880%
6M₹1,277 - ₹1,95580%
12M₹1,193 - ₹2,17880%
Realized vol: +23.5% · Drift: +6.7%

Revenue Forecast

₹ Cr
Dec '25Current₹3,683.0
Sep 2026 ETrend estimate range
High₹3,733.9Base₹3,457.3Low₹3,180.7
Mar '25: ₹2,946.0 · Jun '25: ₹2,549.0 · Sep '25: ₹3,170.0 · Dec '25: ₹3,683.0 · Sep '26: ₹3,457.3 · Dec '26: ₹4,016.8
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E2,946.02,549.03,170.03,683.03,457.34,016.8
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹7.27
Sep 2026 ETrend estimate range
High₹8.21Base₹7.33Low₹6.45
Mar '25: ₹6.20 · Jun '25: ₹3.55 · Sep '25: ₹6.49 · Dec '25: ₹7.27 · Sep '26: ₹7.33 · Dec '26: ₹8.22
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E6.203.556.497.277.338.22
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
50%
Analyst Consensus
Weakening

From 25 analysts

Mean upside+0.9%

Fundamentals

Moderate

Fundamentals institutional score is 60 using growth durability 60.5.

Valuation

Premium valuation

Valuation institutional score is 27 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 48 using mean target upside 0.9%; dispersion penalty 17.7; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 72 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Sentiment weakening

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 3 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. technical structure provide support, while valuation and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Premium valuationAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Sentiment weakening

Key Data Points

Mean Target Price1,562.6 target
Mean Upside+0.9%
Technical Score72%
Fundamental Score61%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 17.4% above historical median. Valuation is declining — currently in the strongly overvalued zone (z-score: +1.52). Confidence: 87%.

Live forward EPS implies next-12-month EPS of ₹30.22. Applying the stock's normalized valuation corridor produces a fair range of ₹1,473.83 to ₹1,805.04, with base value near ₹1,678.72 (+8.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹30.22

Forward P/E

51.3x

Base Fair Value

₹1,678.72

Fair Range

₹1,473.83 - ₹1,805.04

Upside To Base

+8.4%

Estimate Source

Live forward EPS

Growth Estimate

+11.2%

P/E
Strongly Overvalued

5Y Average

47.35

Current

65.24

Overvalued

59.73

Undervalued

48.77

EV/EBITDA
Strongly Overvalued

5Y Average

35.64

Current

49.09

Overvalued

43.59

Undervalued

27.25

P/S
Strongly Overvalued

5Y Average

6.32

Current

8.71

Overvalued

7.73

Undervalued

4.83

Peers & Comparison

Sector: Consumer Staples · Theme: Alcoholic Beverages

Alcoholic Beverages Peers2 peers
Avg P/E: 89.3x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
RADICO KHAITAN LTD
RADICOAlcoholic Beverages
+19.5%8.8%
85.3x
Fair
-4% vs avg
+57.1%
UNITED BREWERIES LTD
UBLAlcoholic Beverages
+7.1%4.2%
93.4x
Fair
+5% vs avg
-27.1%
WHY THESE PEERS

UNITED SPIRITS LIMITED trades at a discount (64.0x vs peer avg 89.3x), suggesting potential undervaluation relative to the Alcoholic Beverages cohort. Peers include RADICO KHAITAN LTD, UNITED BREWERIES LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹3.68K CrDec 2025

Latest net profit

₹539 CrDec 2025

Latest EPS

₹7.27Dec 2025

Net margin

14.6%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%5.0%10.0%15.0%20.0%0.00 Cr950 Cr1.90K Cr2.85K Cr3.80K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr950 Cr1.90K Cr2.85K Cr3.80K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr950 Cr1.90K Cr2.85K Cr3.80K Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
202120222023202420250.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales2,4942,1722,8652,9892,6662,3522,8433,4322,9462,5493,1703,683
Expenses2,1701,8042,3952,4982,3041,8942,3362,8442,4412,1342,4983,067
Operating Profit256303405429291393438516437347607537
OPM %10.26%13.95%14.13%14.34%10.92%16.71%15.41%15.03%14.83%13.61%19.15%14.58%
Other Income16.92138.846.122932341901706176144
Interest36426.216.42922252022492119
Depreciation68.46565.362.87165697268686579
Profit before tax237320417458491403447686585359662662
Tax %27.33%25.62%25.59%26.29%15.48%25.81%25.06%22.89%22.91%25.07%24.17%18.58%
Net Profit172238311338415299335529451269502539
EPS in Rs2.803.274.694.795.284.114.616.506.203.556.497.27

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters56.67%56.67%56.67%56.67%56.67%
FII14.98%15.05%14.38%14.13%14.41%
DII14.60%14.41%14.91%15.37%15.37%
Government0.01%0.01%0.01%0.01%0.01%
Public8.16%8.26%8.29%8.07%7.85%
Others5.58%5.60%5.74%5.75%5.69%
Mar 2026
Promoters
FII
DII
Government
Public
Others

Events Timeline

Concall Transcript - FY2027

Jul 23, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jul 15, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 10, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 29, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 21, 2026PDFKnowledge Base Open