Fast Moving Consumer Goods · NSE/BSE: UNITDSPR
United Spirits Limited
Breweries & Distilleries
Market Cap ₹0.94L Cr
Verdict: High
Quality Scores
Multi-Bagger
78/100
Compounder Quality
91/100
Management Credibility
90/100
Governance
95/100
Cash Flow Quality
85/100
AI Summary
United Spirits Limited (USL) has undergone a structural transformation from a high-debt, legacy-heavy business into a premium-focused, debt-free subsidiary of global leader Diageo. Over the last 10 years, the company has pivoted its portfolio toward the 'Prestige & Above' segment, significantly enhancing its margin profile despite moderate revenue growth of 4% CAGR. The financial cleanup included the divestment of several tail brands and a sharp reduction in gross debt from over ₹4,900 Cr in 2015 to nearly zero. Today, USL operates with industry-leading ROCE of 27.5% and a robust distribution…
Top Opportunities
- Parentage of global leader Diageo PLC
- Almost debt-free balance sheet
- Massive deleveraging from 5000cr to <500cr debt
Top Risks
- High regulatory risk due to state-controlled liquor pricing
- Increasing working capital cycle reaching 101 days
- Slow top-line CAGR (4% over 10 years)
Latest report: Read the annual report summary →
Unlock the full report
Full sections, financial charts, AI chat and PDF export are available with Premium.