United Spirits Limited (MCDOWELL-N) — Free Cash Flow Generation Index
United Spirits Limited (MCDOWELL-N) has a Free Cash Flow Generation Index of 1.09x as of September 2025. Free cash flow of Rs10.28 Billion represents 1% of operating cash flow (Rs9.39 Billion). Read United Spirits Limited debt and liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
United Spirits Limited Free Cash Flow Generation Index (2004–2025)
Historical FCF Generation Index trend for United Spirits Limited across 19 annual periods. Explore MCDOWELL-N capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for United Spirits Limited (2004–2025)
Year-by-year Free Cash Flow Generation Index for United Spirits Limited. For the full company profile including market capitalisation, see MCDOWELL-N company net worth.
| Year | FCG Index | Free Cash Flow (INR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.92x | Rs18.21 Billion | Rs19.83 Billion | Rs1.62 Billion | ▲ +0.3% |
| 2024 | 0.92x | Rs10.62 Billion | Rs11.60 Billion | Rs980.00 Million | ▲ +17.7% |
| 2023 | 0.78x | Rs4.78 Billion | Rs6.15 Billion | Rs1.37 Billion | ▼ -9.9% |
| 2022 | 0.86x | Rs8.43 Billion | Rs9.77 Billion | Rs1.34 Billion | ▼ -4.6% |
| 2021 | 0.90x | Rs16.44 Billion | Rs18.18 Billion | Rs1.74 Billion | ▲ +23.9% |
| 2020 | 0.73x | Rs5.72 Billion | Rs7.83 Billion | Rs2.12 Billion | ▼ -10.7% |
| 2019 | 0.82x | Rs7.75 Billion | Rs9.48 Billion | Rs1.73 Billion | ▲ +2.1% |
| 2018 | 0.80x | Rs7.41 Billion | Rs9.25 Billion | Rs1.84 Billion | ▲ +54.2% |
| 2017 | 0.52x | Rs3.36 Billion | Rs6.47 Billion | Rs3.11 Billion | ▲ +287.5% |
| 2016 | -0.28x | Rs-660.77 Million | Rs2.39 Billion | Rs3.05 Billion | ▼ -138.9% |
| 2013 | 0.71x | Rs7.19 Billion | Rs10.09 Billion | Rs2.90 Billion | ▲ +637.9% |
| 2012 | 0.10x | Rs729.97 Million | Rs7.56 Billion | Rs6.83 Billion | ▼ -87.3% |
| 2010 | 0.76x | Rs12.06 Billion | Rs15.91 Billion | Rs3.85 Billion | ▲ +98.1% |
| 2009 | 0.38x | Rs900.58 Million | Rs2.35 Billion | Rs1.45 Billion | ▲ +3125.7% |
| 2008 | 0.01x | Rs31.71 Million | Rs2.67 Billion | Rs2.64 Billion | ▼ -98.7% |
| 2007 | 0.92x | Rs4.90 Billion | Rs5.30 Billion | Rs403.07 Million | ▲ +222.8% |
| 2006 | 0.29x | Rs148.92 Million | Rs520.26 Million | Rs371.34 Million | ▼ -39.2% |
| 2005 | 0.47x | Rs188.14 Million | Rs399.35 Million | Rs211.21 Million | ▲ +179.2% |
| 2004 | 0.17x | Rs52.42 Million | Rs310.69 Million | Rs258.27 Million | — |