United Spirits Limited (UNITDSPR) Fair Value & Analysis
Consumer Defensive · IN · Market cap ₹977B
Fair value as of: Jul 17, 2026
From 26 valuation models · updated 21 days ago
Fair value updated Jul 17, 2026, revised from ₹430.08 to ₹440.56 (+2.4%) since Jun 24, 2026. Share price +6.8% over the past month.
A solid business, but screening 71% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹596.81). The favourable scenario is already priced in.
- Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹293.61 to ₹596.81) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range ₹503.25 – ₹1,653 · fair‑value band ₹293.61 – ₹596.81 · the ₹1,525 price screens above the ₹440.56 fair value. Dashed = 300-day average. As of Jul 17, 2026.
Analysis
United Spirits Limited (UNITDSPR) currently trades at ₹1,525, while our model-based Fair Value estimate is ₹440.56, implying the stock looks roughly 71.1% overvalued today. We read business quality at 67/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, United Spirits Limited generated revenue of ₹125B at a net margin of 14.7%. Revenue grew 0.8% year over year. It earns a return on equity of 20.0%. The balance sheet holds a net cash position of ₹15.6B. Fundamentals as of Jul 17, 2026
Our scenario range runs from ₹293.61 (bear case) to ₹596.81 (bull case); at ₹1,525, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 6% below its 52-week high and 26% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 18% fair-value upside, at -71%, UNITDSPR screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (₹459.08) versus Asset-Based (₹84.48). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 72
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
United Spirits Limited, together with its subsidiaries, manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally. It operates through Beverage Alcohol and Sports segments.
Full company description
United Spirits Limited, together with its subsidiaries, manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally. It operates through Beverage Alcohol and Sports segments. The company offers alcoholic beverages, such as Scotch whisky, Indian made foreign liquor whisky, malts, tequila, brandy, rum, vodka, and gin under the Godawan, McDowell's No.1, Royal Challenge, Royal Challenge American Pride, Signature, Antiquity, Black Dog, Director's Special Black, McDowell's Rum, McDowell's Brandy, and McDowell's X-series brands. It also imports, manufactures, distributes, and sells alcoholic beverages under Diageo's iconic brands, which include Don Julio, Singleton, Tanquery, Captain Morgan, Johnnie Walker, J&B, Baileys, Lagavulin, Talisker, VAT 69, Black & White, Smirnoff, and Ciroc. In addition, the company holds the perpetual right to the Royal Challengers Bengaluru cricket franchise of Indian Premier League and Women's Premier League. It also exports its products to approximately 24 countries. The company was formerly known as McDowell & Company Limited and changed its name to United Spirits Limited in October 2006. The company was founded in 1826 and is headquartered in Bengaluru, India. United Spirits Limited is a subsidiary of Relay B.V.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
United Spirits Limited reported revenue of ₹125B in FY2026 versus ₹96.5B in FY2022, a compound +6.6%/yr. Reported net income was ₹18.4B in FY2026, compounding +22.0%/yr from FY2022.
UNITDSPR screens 71% overvalued. Compare with Kweichow Moutai Co →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- United Spirits sells site to fledgling India firm Cupid Breweries & Distilleries
- India's United Spirits quarterly profit rises on demand for pricier liquor
- United Spirits mulls future of Royal Challengers Bengaluru stake
Peer Group
Beverages - Wineries & Distilleries · 96 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Beverages - Wineries & Distilleries median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 30/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Beverages - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Kweichow Moutai Co 600519 | ¥1,251 | ¥1,238 | -1% |
| Diageo plc DEON | 1,487 MXN | 1,239 MXN | -17% |
| Wuliangye Yibin Co 000858 | ¥73.69 | ¥48.44 | -34% |
| Shanxi Xinghuacun Fen Wine Factory Co 600809 | ¥110.50 | ¥185.80 | +68% |
| Pernod Ricard SA RI | €65.24 | €76.68 | +18% |
| Luzhou Laojiao Co 000568 | ¥83.12 | ¥149.17 | +79% |
| Brown-Forman Corporation BFA | $26.60 | $28.15 | +6% |
| Thai Beverage Public Company Y92 | 0.4450 SGD | 0.6900 SGD | +55% |
| Jiangsu Yanghe Distillery Co 002304 | ¥38.08 | ¥27.82 | -27% |
| Anhui Gujing Distillery Co 000596 | ¥79.23 | ¥128.26 | +62% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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