United Spirits Limited (MCDOWELL-N) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.112x

Based on the latest financial reports, United Spirits Limited (MCDOWELL-N) has a cash flow conversion efficiency ratio of 0.112x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs9.39 Billion ≈ $101.55 Million USD) by net assets (Rs84.08 Billion ≈ $909.29 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See defensive interval ratio of United Spirits Limited to measure how many days the company can operate on defensive assets alone.

United Spirits Limited - Cash Flow Conversion Efficiency Trend (2004–2025)

This chart illustrates how United Spirits Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data.

United Spirits Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of United Spirits Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Eurofins Scientific SE PA:ERF	0.220x
Tubize-Fin BR:TUB	-0.001x
Insulet Corporation NASDAQ:PODD	0.087x
Korea Aerospace Industries KO:047810	-0.073x
Discovery Holdings Ltd JSE:DSY	0.085x
Cognex Corporation NASDAQ:CGNX	0.030x
BALOISE HLDG AG ADR/1/10 F:BLO	N/A
UMB Financial Corporation NASDAQ:UMBF	0.035x

Annual Cash Flow Conversion Efficiency for United Spirits Limited (2004–2025)

The table below shows the annual cash flow conversion efficiency of United Spirits Limited from 2004 to 2025. For the full company profile with market capitalisation and key ratios, see United Spirits Limited (MCDOWELL-N) total market value.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-03-31	Rs81.04 Billion ≈ $876.42 Million	Rs19.83 Billion ≈ $214.45 Million	0.245x	+50.21%
2024-03-31	Rs71.21 Billion ≈ $770.11 Million	Rs11.60 Billion ≈ $125.45 Million	0.163x	+58.99%
2023-03-31	Rs59.99 Billion ≈ $648.82 Million	Rs6.15 Billion ≈ $66.48 Million	0.102x	-48.90%
2022-03-31	Rs48.75 Billion ≈ $527.19 Million	Rs9.77 Billion ≈ $105.70 Million	0.201x	-55.23%
2021-03-31	Rs40.59 Billion ≈ $438.95 Million	Rs18.18 Billion ≈ $196.58 Million	0.448x	+110.80%
2020-03-31	Rs36.87 Billion ≈ $398.70 Million	Rs7.83 Billion ≈ $84.70 Million	0.212x	-30.84%
2019-03-31	Rs30.87 Billion ≈ $333.87 Million	Rs9.48 Billion ≈ $102.56 Million	0.307x	-19.22%
2018-03-31	Rs24.33 Billion ≈ $263.09 Million	Rs9.25 Billion ≈ $100.05 Million	0.380x	+4.83%
2017-03-31	Rs17.83 Billion ≈ $192.84 Million	Rs6.47 Billion ≈ $69.95 Million	0.363x	+172.09%
2016-03-31	Rs17.90 Billion ≈ $193.54 Million	Rs2.39 Billion ≈ $25.80 Million	0.133x	+144.84%
2015-03-31	Rs6.60 Billion ≈ $71.41 Million	Rs-1.96 Billion ≈ $-21.23 Million	-0.297x	-63.37%
2014-03-31	Rs30.33 Billion ≈ $328.01 Million	Rs-5.52 Billion ≈ $-59.69 Million	-0.182x	-186.53%
2013-03-31	Rs47.98 Billion ≈ $518.92 Million	Rs10.09 Billion ≈ $109.13 Million	0.210x	+30.07%
2012-03-31	Rs46.76 Billion ≈ $505.73 Million	Rs7.56 Billion ≈ $81.77 Million	0.162x	+685.90%
2011-03-31	Rs41.96 Billion ≈ $453.80 Million	Rs-1.16 Billion ≈ $-12.52 Million	-0.028x	-106.56%
2010-03-31	Rs37.82 Billion ≈ $409.01 Million	Rs15.91 Billion ≈ $172.11 Million	0.421x	+327.62%
2009-03-31	Rs23.92 Billion ≈ $258.67 Million	Rs2.35 Billion ≈ $25.45 Million	0.098x	-16.20%
2008-03-31	Rs22.76 Billion ≈ $246.19 Million	Rs2.67 Billion ≈ $28.91 Million	0.117x	-65.88%
2007-03-31	Rs15.40 Billion ≈ $166.59 Million	Rs5.30 Billion ≈ $57.33 Million	0.344x	+541.84%
2006-03-31	Rs9.70 Billion ≈ $104.93 Million	Rs520.26 Million ≈ $5.63 Million	0.054x	-62.26%
2005-03-31	Rs2.81 Billion ≈ $30.40 Million	Rs399.35 Million ≈ $4.32 Million	0.142x	+26.10%
2004-03-31	Rs2.76 Billion ≈ $29.83 Million	Rs310.69 Million ≈ $3.36 Million	0.113x	--

About United Spirits Limited

NSE:MCDOWELL-N India Beverages - Wineries & Distilleries

Market Cap

$10.22 Billion

Rs944.83 Billion INR

Market Cap Rank

#2232 Global

#88 in India

Share Price

Rs1299.00

Change (1 day)

+2.16%

52-Week Range

Rs1218.80 - Rs1461.80

All Time High

Rs1688.55