United Breweries Ltd
United Breweries Limited (UBL) is engaged in the business of manufacture and sale of beer and non-alcoholic beverages. [1]
- Market Cap ₹ 52,511 Cr.
- Current Price ₹ 1,986
- High / Low ₹ 2,182 / 1,470
- Stock P/E 128
- Book Value ₹ 158
- Dividend Yield 0.50 %
- ROCE 13.5 %
- ROE 10.1 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 68.7%
Cons
- Stock is trading at 12.6 times its book value
- Company has a low return on equity of 9.35% over last 3 years.
- Debtor days have increased from 83.7 to 104 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Alcoholic Beverages Industry: Breweries & Distilleries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,903 | 4,236 | 4,692 | 4,839 | 4,734 | 5,629 | 6,472 | 6,505 | 4,241 | 5,832 | 7,492 | 8,115 | |
3,426 | 3,639 | 4,071 | 4,109 | 4,093 | 4,727 | 5,335 | 5,630 | 3,861 | 5,137 | 6,877 | 7,420 | |
Operating Profit | 477 | 597 | 621 | 730 | 641 | 902 | 1,138 | 874 | 380 | 695 | 614 | 695 |
OPM % | 12% | 14% | 13% | 15% | 14% | 16% | 18% | 13% | 9% | 12% | 8% | 9% |
38 | 15 | 37 | 48 | 52 | 12 | 32 | 9 | 43 | 30 | 16 | 73 | |
Interest | 80 | 80 | 73 | 81 | 59 | 48 | 31 | 31 | 23 | 15 | 5 | 7 |
Depreciation | 170 | 198 | 207 | 244 | 287 | 260 | 260 | 285 | 232 | 217 | 210 | 212 |
Profit before tax | 265 | 334 | 378 | 453 | 347 | 607 | 878 | 567 | 168 | 493 | 415 | 549 |
Tax % | 35% | 32% | 31% | 34% | 34% | 35% | 36% | 25% | 33% | 26% | 27% | 25% |
172 | 226 | 260 | 298 | 229 | 394 | 563 | 427 | 113 | 365 | 303 | 409 | |
EPS in Rs | 6.51 | 8.53 | 9.82 | 11.27 | 8.67 | 14.90 | 21.28 | 16.16 | 4.27 | 13.80 | 11.48 | 15.48 |
Dividend Payout % | 11% | 11% | 10% | 10% | 13% | 13% | 12% | 15% | 12% | 76% | 65% | 65% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 5% |
3 Years: | 24% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | -6% |
3 Years: | 52% |
TTM: | 26% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 7% |
3 Years: | 11% |
1 Year: | 31% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 9% |
3 Years: | 9% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
Reserves | 1,410 | 1,605 | 1,823 | 2,119 | 2,306 | 2,662 | 3,155 | 3,492 | 3,553 | 3,906 | 3,935 | 4,148 |
Preference Capital | 74 | 74 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
1,301 | 1,232 | 836 | 806 | 594 | 312 | 211 | 252 | 262 | 10 | 16 | 102 | |
1,001 | 1,032 | 1,195 | 1,410 | 1,547 | 1,719 | 1,985 | 1,774 | 2,003 | 1,999 | 2,294 | 2,767 | |
Total Liabilities | 3,739 | 3,896 | 3,881 | 4,362 | 4,474 | 4,719 | 5,379 | 5,544 | 5,845 | 5,941 | 6,271 | 7,043 |
1,594 | 1,607 | 1,811 | 1,797 | 1,726 | 1,705 | 1,752 | 1,901 | 1,942 | 1,905 | 1,843 | 1,768 | |
CWIP | 114 | 82 | 90 | 61 | 137 | 72 | 190 | 199 | 128 | 110 | 77 | 173 |
Investments | 25 | 25 | 25 | 25 | 26 | 26 | 26 | 26 | 14 | 16 | 16 | 16 |
2,005 | 2,181 | 1,954 | 2,478 | 2,586 | 2,916 | 3,411 | 3,418 | 3,761 | 3,910 | 4,335 | 5,087 | |
Total Assets | 3,739 | 3,896 | 3,881 | 4,362 | 4,474 | 4,719 | 5,379 | 5,544 | 5,845 | 5,941 | 6,271 | 7,043 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
152 | 290 | 839 | 539 | 544 | 562 | 644 | 507 | 619 | 899 | -121 | 77 | |
-428 | -157 | -327 | -245 | -234 | -196 | -430 | -402 | -151 | -160 | -120 | -148 | |
211 | -173 | -572 | -297 | -301 | -363 | -198 | -95 | -88 | -286 | -292 | -130 | |
Net Cash Flow | -64 | -40 | -60 | -3 | 9 | 3 | 17 | 10 | 380 | 453 | -533 | -201 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 76 | 83 | 75 | 84 | 100 | 97 | 85 | 76 | 120 | 79 | 69 | 104 |
Inventory Days | 297 | 293 | 276 | 322 | 326 | 265 | 323 | 310 | 555 | 300 | 318 | 107 |
Days Payable | 145 | 113 | 170 | 196 | 200 | 172 | 185 | 154 | 308 | 204 | 160 | 74 |
Cash Conversion Cycle | 228 | 262 | 182 | 211 | 226 | 190 | 223 | 231 | 368 | 174 | 227 | 137 |
Working Capital Days | 73 | 66 | 38 | 37 | 50 | 57 | 49 | 59 | 74 | 31 | 50 | 65 |
ROCE % | 13% | 14% | 16% | 19% | 14% | 22% | 28% | 17% | 5% | 13% | 11% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Jun
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Jun - Notice to Members - Disclosure under Regulations 30 and 47 of the SEBI (LODR) Regulations, 2015.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Jun
- Closure of Trading Window 26 Jun
- Closure of Trading Window 26 Jun
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from nse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
May 2024Transcript PPT REC
-
Feb 2024Transcript PPT
-
Oct 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Oct 2022TranscriptPPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Aug 2021Transcript PPT
-
Jun 2021TranscriptPPT
-
May 2021Transcript PPT
-
Nov 2020Transcript PPT
-
Aug 2020TranscriptPPT
-
Jun 2020TranscriptPPT
Brand Portfolio
The Co markets its products under the flagship brands Kingfisher and Heineken. Some of the most popular brands in its portfolio include Kingfisher Premium, Kingfisher Ultra, Kingfisher Strong, Kingfisher Ultra Max, UB Export Lager, London Pilsner etc. [1]