Sharescart Research Club logo

United Breweries Overview

United Breweries Limited is an India-based beer company. The Company's segments include Beer and Non-alcoholic drinks. The Beer segment includes manufacture, purchase and sale of beer, consisting of licensing of brands. The Non-alcoholic drinks segment consists of the manufacture, buy, and sale of non-alcoholic liquids. The Company offers various beer manufacturers, which includes Edelweiss, Desperados, Bullet, Cannon 10000, Zingaro, Kalyani Black Label, Kingfisher Premium, Kingfisher Strong, Kingfisher Ultra, Kingfisher Ultra Max, Kingfisher ...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

United Breweries Key Financials

Market Cap ₹44885 Cr.

Stock P/E 101.5

P/B 10.1

Current Price ₹1697.6

Book Value ₹ 167.3

Face Value 1

52W High ₹2291.1

Dividend Yield 0.59%

52W Low ₹ 1401.3

United Breweries Share Price

₹ | |

Volume
Price

United Breweries Quarterly Price

Show Value Show %

United Breweries Peer Comparison

United Breweries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 4193 4155 4789 5811 4744 4427 4427 5381 3737 3937
Other Income 12 25 26 7 10 10 8 11 15 11
Total Income 4205 4180 4815 5819 4754 4437 4435 5392 3752 3948
Total Expenditure 4009 4009 4646 5526 4516 4285 4240 5070 3608 3711
Operating Profit 196 171 169 293 238 152 195 322 145 237
Interest 1 2 2 2 2 3 6 11 15 17
Depreciation 51 52 58 58 57 61 57 63 64 69
Exceptional Income / Expenses 0 0 0 0 0 -26 0 0 0 -19
Profit Before Tax 144 117 110 233 178 61 132 248 66 132
Provision for Tax 37 31 28 60 46 23 34 64 19 51
Profit After Tax 107 86 82 174 132 39 98 184 46 81
Adjustments 0 -0 -0 -0 -0 -0 -0 -0 0 -0
Profit After Adjustments 107 85 81 174 132 38 98 184 47 81
Adjusted Earnings Per Share 4.1 3.2 3.1 6.6 5 1.5 3.7 7 1.8 3.1

United Breweries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 4688 4833 4729 5619 6475 6509 4243 5838 7500 8123 8915 17482
Other Income 38 86 52 13 32 9 50 30 49 74 36 45
Total Income 4726 4920 4781 5632 6507 6519 4293 5868 7549 8196 8951 17527
Total Expenditure 4066 4140 4087 4717 5337 5633 3862 5142 6884 7426 8074 16629
Operating Profit 659 779 694 915 1170 885 431 726 666 770 877 899
Interest 73 81 59 48 31 31 23 15 5 7 13 49
Depreciation 208 244 287 260 260 285 232 217 211 212 233 253
Exceptional Income / Expenses 0 0 0 0 0 0 -7 0 -33 0 -26 -19
Profit Before Tax 379 455 348 608 879 569 169 494 417 551 605 578
Provision for Tax 119 156 118 213 316 141 56 128 113 140 163 168
Profit After Tax 260 299 230 395 563 428 114 366 305 411 442 409
Adjustments -0 -0 -0 -0 -0 -1 -1 -1 -1 -1 -1 0
Profit After Adjustments 260 298 230 394 563 428 113 365 304 410 442 410
Adjusted Earnings Per Share 9.7 11.3 8.7 14.9 21.3 16.2 4.3 13.8 11.5 15.5 16.7 15.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 15% 6% 7%
Operating Profit CAGR 14% 7% -0% 3%
PAT CAGR 8% 6% 1% 5%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -10% 6% 7% 8%
ROE Average 10% 9% 8% 12%
ROCE Average 13% 13% 11% 16%

United Breweries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1851 2147 2334 2690 3184 3520 3582 3935 3965 4178 4364
Minority's Interest 2 3 3 3 3 3 4 4 5 5 6
Borrowings 512 258 184 205 75 9 108 0 0 0 0
Other Non-Current Liabilities 71 72 55 28 23 176 53 129 109 137 181
Total Current Liabilities 1449 1886 1903 1797 2100 1990 2138 1975 2277 2829 3783
Total Liabilities 3885 4366 4479 4723 5384 5699 5885 6043 6356 7149 8333
Fixed Assets 1836 1822 1750 1730 1777 1926 1949 1913 1851 1776 1749
Other Non-Current Assets 288 363 363 353 606 812 612 751 818 958 1132
Total Current Assets 1761 2181 2365 2641 3001 2954 3319 3374 3682 4411 5448
Total Assets 3885 4366 4479 4723 5384 5699 5885 6043 6356 7149 8333

United Breweries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 67 6 3 13 2 19 29 410 863 330 129
Cash Flow from Operating Activities 841 539 544 563 643 508 620 900 -120 70 235
Cash Flow from Investing Activities -329 -245 -234 -197 -430 -402 -152 -160 -121 -148 -239
Cash Flow from Financing Activities -572 -297 -301 -364 -196 -95 -88 -287 -292 -122 217
Net Cash Inflow / Outflow -60 -3 9 3 17 10 380 453 -533 -201 213
Closing Cash & Cash Equivalent 6 3 13 15 19 29 410 863 330 129 342

United Breweries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 9.74 11.28 8.68 14.91 21.29 16.18 4.28 13.82 11.5 15.51 16.71
CEPS(Rs) 17.69 20.51 19.55 24.75 31.13 26.98 13.08 22.06 19.49 23.55 25.54
DPS(Rs) 1 1.15 1.15 2 2.5 2.5 0.5 10.5 7.5 10 10
Book NAV/Share(Rs) 69.99 81.21 88.28 101.75 120.41 133.14 135.49 148.83 149.96 158.03 164.83
Core EBITDA Margin(%) 7.55 7.19 6.27 7.26 8.05 5.98 3.74 5.31 3.7 3.79 4.33
EBIT Margin(%) 5.48 5.56 3.98 5.27 6.44 4.1 1.89 3.88 2.53 3.04 3.18
Pre Tax Margin(%) 4.6 4.72 3.4 4.89 6.22 3.88 1.66 3.77 2.51 3 3.12
PAT Margin (%) 3.16 3.1 2.25 3.17 3.98 2.92 1.12 2.79 1.83 2.24 2.28
Cash Profit Margin (%) 5.68 5.62 5.05 5.26 5.82 4.87 3.4 4.44 3.09 3.39 3.48
ROA(%) 6.69 7.24 5.2 8.58 11.15 7.73 1.97 6.14 4.91 6.08 5.71
ROE(%) 14.94 14.94 10.26 15.71 19.18 12.78 3.21 9.74 7.71 10.09 10.37
ROCE(%) 16.06 19 13.83 22.1 28.46 16.74 5.05 13.11 10.68 13.58 13.44
Receivable days 42.59 39.43 43.07 41.02 38.84 35.64 49.19 36.85 29.18 36.95 48.66
Inventory Days 24.43 23.61 25.67 22.89 23.75 26.49 39.97 28.82 25.91 27.77 28.07
Payable days 138.23 181.74 194.38 164.36 175.64 162.06 290.04 204.35 152.08 181.51 212
PER(x) 102.89 73.04 88.75 63.53 65.53 56.73 289.95 107.71 123.94 111.71 119.77
Price/Book(x) 14.32 10.15 8.73 9.31 11.59 6.89 9.16 10 9.5 10.96 12.14
Dividend Yield(%) 0.1 0.14 0.15 0.21 0.18 0.27 0.04 0.71 0.53 0.58 0.5
EV/Net Sales(x) 5.83 4.67 4.43 4.51 5.72 3.75 7.69 6.59 4.97 5.62 5.95
EV/Core EBITDA(x) 41.45 28.97 30.18 27.68 31.66 27.61 75.6 52.94 56 59.31 60.49
Net Sales Growth(%) 10.84 3.09 -2.15 18.82 15.24 0.52 -34.81 37.6 28.46 8.3 9.76
EBIT Growth(%) 8.96 18.57 -24.07 61.14 38.91 -34.1 -67.99 165.11 -17.14 32.25 10.74
PAT Growth(%) 14.93 14.78 -23.02 71.64 42.74 -23.97 -73.42 221.6 -16.77 34.85 7.68
EPS Growth(%) 15.11 15.79 -23.04 71.71 42.81 -24.02 -73.53 222.79 -16.82 34.89 7.72
Debt/Equity(x) 0.45 0.38 0.25 0.12 0.07 0.07 0.07 0 0 0.02 0.13
Current Ratio(x) 1.22 1.16 1.24 1.47 1.43 1.48 1.55 1.71 1.62 1.56 1.44
Quick Ratio(x) 0.83 0.79 0.85 1.02 0.94 0.93 1.02 1.23 0.99 1.08 1.01
Interest Cover(x) 6.2 6.61 6.94 13.76 29.18 19.28 8.47 34.45 90.94 80.99 48.05
Total Debt/Mcap(x) 0.03 0.04 0.03 0.01 0.01 0.01 0.01 0 0 0 0.01

United Breweries Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 70.99 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83
FII 6.71 6.71 6.63 6.43 6.26 6.43 6.91 6.73 6.26 5.5
DII 17.12 17.22 17.29 17.53 17.77 17.68 17.32 17.53 17.84 18.6
Public 5.18 5.24 5.25 5.21 5.14 5.06 4.93 4.91 5.07 5.07
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

United Breweries News

United Breweries Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • Debtor days have increased from 181.51 to 212days.
  • Stock is trading at 10.1 times its book value.
whatsapp