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). See United Spirits Limited (MCDOWELL-N) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
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 United Spirits Limited (MCDOWELL-N) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
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 market cap.
| 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 | — |