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). Explore MCDOWELL-N capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see United Spirits Limited (MCDOWELL-N) cash flow conversion.
Annual Free Cash Flow Generation for United Spirits Limited (2004–2025)
Year-by-year Free Cash Flow Generation Index for United Spirits Limited. Check MCDOWELL-N cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |