United Spirits Ltd.
FMCG · NSE
52-week range
₹1,211 – ₹1,628
From 52w high
-22.2%
RSI (14)
39.7
vs SMA 50 / 200
↓ 50 · ↓ 200
United Spirits (UNITDSPR), the Diageo-controlled Indian spirits major, trades at Rs 1,280 — down 17% over 12 months and 21.4% below its 52-week high, with price below both the 50-DMA and 200-DMA. The business reported a 13.3% profit margin, 5-year earnings CAGR of 24.6%, and a consistency score of 86, but carries a debt-to-equity of 4.90, which stands out as structurally high within the FMCG sector. Mean analyst rating of 1.88 across 26 analysts (1-5 scale, lower = more constructive).
- ✓5-year earnings growth of 24.6% indicates the business has compounded profits at a meaningful pace over the medium term.
- ✓Consistency score of 86 reflects FCF-positive performance in 4 of the available years with a falling debt trend, pointing to improving cash generation discipline.
- ✓Profit margin of 13.31% is solid for a volume-driven consumer goods business operating in an excise-heavy regulatory environment.
- ✓PE of 52.87 (forward PE 45.21) is broadly in line with FMCG premium names — Britannia trades at 52.2x and Hindustan Unilever at 50.3x — suggesting the current valuation is not an outlier relative to sector peers.
- ✗Debt-to-equity of 4.90 is a structural outlier for an FMCG company; peers such as Hindustan Unilever and Britannia operate with far lower leverage, elevating refinancing and interest coverage risk.
- ✗Quality score of 43 is the lowest among the 6 FMCG peers in the comparison set, signalling weaker composite fundamental quality relative to sector.
- ✗Price has declined 17.03% over 12 months and 5.75% over the past 3 months, with RSI at 42.13 and the stock sitting below both the 50-DMA (Rs 1,319) and 200-DMA (Rs 1,351), reflecting sustained selling pressure.
- ✗ROE data is unavailable, preventing a complete assessment of how efficiently the company converts equity into profit — a key metric for capital-intensive or leveraged businesses.
- ·United Spirits has scheduled its FY26 earnings webcast for May 15, 2026, which represents the next disclosed catalyst for fundamental reassessment.
- ·The company opened a special window for dematerialisation of physical shares in April 2026, a routine but investor-relevant corporate action.
- ·News flow over the past 30 days totals 3 articles, all with neutral sentiment, indicating no material event-driven catalyst or adverse headline in the near-term data window.
- ?What is the origin and structure of the debt-to-equity ratio of 4.90 — is it inter-company financing from the Diageo parent, working-capital debt, or long-term borrowings, and how does the repayment profile look?
- ?Does the 5-year earnings CAGR of 24.6% reflect a structural improvement in mix (premiumisation toward higher-margin products) or a recovery from a depressed base, and is the growth rate sustainable at current volumes?
- ?How has state-level excise policy changed over the past 3 years, and what proportion of UNITDSPR's revenue base faces meaningful regulatory repricing risk in the near term?
- ?Given the lowest quality score in the peer group alongside above-average PE, what specific operational or governance factors are driving the quality gap relative to Nestle, Britannia, and Hindustan Unilever?
PE
52.9
Forward PE
45.2
ROE
—
Profit margin
+13.3%
D/E
4.90
Dividend yield
+0.9%
Quality score
43/100
ROE 5y above 15%
4/5 yrs
FCF 5y positive
4/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.