United Spirits Limited (MCDOWELL-N) — 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 flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
United Spirits Limited Cash Flow Quality Index (2004–2025)
Historical Cash Flow Quality Index for United Spirits Limited across 18 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see United Spirits Limited cash conversion from operations.
Annual Cash Flow Quality Index for United Spirits Limited (2004–2025)
Year-by-year earnings quality comparison for United Spirits Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.25x | Rs19.83 Billion | Rs15.82 Billion | ▲ +52.1% |
| 2024 | 0.82x | Rs11.60 Billion | Rs14.08 Billion | ▲ +71.4% |
| 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 | ▼ -28.0% |
| 2019 | 0.94x | Rs9.48 Billion | Rs10.12 Billion | ▼ -7.6% |
| 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 | — |