How has United Spirits Ltd. (MCDOWELL-N) been performing? We dig into revenue, profitability, valuation, and ownership trends.
United Spirits McDowell Revenue Trend
United Spirits Ltd. reported revenue of ₹27,276 Cr in FY2025, a 4.8% increase from ₹26,018 Cr in FY2024.
A 11.3% CAGR over 10 years puts United Spirits Ltd. in solid growth territory. The top line went from ₹9,335 Cr to ₹27,276 Cr in that span.
United Spirits Ltd. is a major brew/distilleries company by revenue, with a top line of ₹27,276 Cr.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹27,276 Cr | +4.8% |
| FY2024 | ₹26,018 Cr | -6.5% |
| FY2023 | ₹27,815 Cr | -10.5% |
| FY2022 | ₹31,062 Cr | +13.1% |
| FY2021 | ₹27,458 Cr | — |
View United Spirits Ltd.'s full 10-year revenue trend with CAGR analysis →
United Spirits McDowell Profitability
Profitability strengthened with net income of ₹1,582 Cr in FY2025, 12.4% higher than FY2024.
Net margin was steady at 5.8% in FY2025, suggesting a stable cost structure.
At ₹22.28 per share (diluted), FY2025 earnings were up year-over-year from ₹19.83.
Is United Spirits McDowell Undervalued
Per the P/E Ratio model, United Spirits Ltd. has an estimated intrinsic value of ₹1,561 (19.6% upside).
United Spirits Ltd. shares are currently trading at ₹1,305.45.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹1,561 | 19.6% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for United Spirits Ltd. with detailed assumptions →
United Spirits McDowell Balance Sheet
Proportional view as of 6 Jun 2024. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹132.48B at the end of FY2025, up 17.8% from ₹112.49B a year earlier.
Other Assets is the largest block at 30.4%, followed by Receivables at 25.7% and Inventories at 17.4%.
Equity makes up 61.2% of liabilities and equity, with debt at 3.6% and operating liabilities at 35.2%. Over the year, debt is up 81.1% and equity is up 13.8%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 22.01B |
| Receivables | 34.10B |
| Inventories | 23.05B |
| Property, Plant & Equipment | 9.22B |
| Investments | 500.00M |
| Intangibles & Goodwill | 3.30B |
| Other Assets | 40.30B |
| Category | Value |
|---|---|
| Equity | 81.04B |
| Short-term Debt | 1.46B |
| Long-term Debt | 3.34B |
| Trade Payables | 22.39B |
| Other Liabilities | 24.25B |
United Spirits McDowell Key Highlights
What should investors take away from United Spirits Ltd.'s (MCDOWELL-N) latest numbers? Here's the summary.
Revenue of ₹27,276 Cr in FY2025, up 4.8% year-over-year.
Long-term revenue has been compounding at 11.3% annually over 10 years.
The company is profitable, with a net margin of 5.8% and net income of ₹1,582 Cr.
The P/E Ratio model implies 19.6% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
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Want to dig deeper? Craytheon's platform provides 10 years of financial data, three valuation models, and insider trading activity for United Spirits Ltd..