United Spirits Limited Cash Flow Quality Index
United Spirits Limited cash flow quality index. United Spirits Limited (MCDOWELL-N) has a Cash Flow Quality Index of 0.79x as of September 2025. Operating cash flow of Rs9.39 Billion is below net income of Rs11.95 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore MCDOWELL-N operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of United Spirits Limited (2004–2026)
Cash flow quality index of United Spirits Limited from 2004 to 2026. Historical Cash Flow Quality Index for United Spirits Limited across 19 annual periods. Values consistently above 1.0x indicate high-quality earnings. See MCDOWELL-N net asset quality index to measure how much of total assets are equity-financed.
United Spirits Limited Cash Flow Quality Index by Year (2004–2026)
United Spirits Limited cash flow quality index by year from 2004 to 2026. Year-by-year earnings quality comparison for United Spirits Limited. For the full cash flow conversion analysis, see cash efficiency ratio of United Spirits Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 0.89x | Rs15.26 Billion | Rs17.09 Billion | ▼ -28.8% |
| 2025 | 1.25x | Rs19.83 Billion | Rs15.82 Billion | ▲ +57.9% |
| 2024 | 0.79x | Rs11.18 Billion | Rs14.08 Billion | ▲ +65.2% |
| 2023 | 0.48x | Rs6.15 Billion | Rs12.79 Billion | ▼ -46.6% |
| 2022 | 0.90x | Rs9.77 Billion | Rs10.87 Billion | ▼ -73.3% |
| 2021 | 3.37x | Rs18.18 Billion | Rs5.40 Billion | ▲ +398.7% |
| 2020 | 0.67x | Rs7.83 Billion | Rs11.60 Billion | ▼ -50.2% |
| 2019 | 1.35x | Rs9.48 Billion | Rs7.00 Billion | ▲ +33.5% |
| 2018 | 1.01x | Rs9.25 Billion | Rs9.12 Billion | ▼ -74.5% |
| 2017 | 3.98x | Rs6.47 Billion | Rs1.63 Billion | ▲ +1864.7% |
| 2016 | 0.20x | Rs2.39 Billion | Rs11.79 Billion | ▼ -98.3% |
| 2013 | 12.04x | Rs10.09 Billion | Rs838.42 Million | ▲ +450.9% |
| 2012 | 2.18x | Rs7.56 Billion | Rs3.46 Billion | ▲ +1603.1% |
| 2011 | -0.15x | Rs-1.16 Billion | Rs7.97 Billion | ▼ -129.9% |
| 2008 | 0.49x | Rs2.67 Billion | Rs5.49 Billion | ▼ -63.1% |
| 2007 | 1.32x | Rs5.30 Billion | Rs4.02 Billion | ▲ +44.0% |
| 2006 | 0.92x | Rs520.26 Million | Rs568.36 Million | ▲ +2.8% |
| 2005 | 0.89x | Rs399.35 Million | Rs448.27 Million | ▼ -0.5% |
| 2004 | 0.90x | Rs310.69 Million | Rs347.09 Million | — |