United Spirits Limited (MCDOWELL-N) — Net Asset Quality Index
United Spirits Limited (MCDOWELL-N) has a Net Asset Quality Index of 62.4% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Rs134.84 Billion minus total liabilities of Rs50.76 Billion yields net assets of Rs84.08 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See United Spirits Limited (MCDOWELL-N) defensive interval to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
United Spirits Limited Net Asset Quality Index Over Time (2004–2025)
This chart shows how United Spirits Limited's Net Asset Quality Index has evolved across 22 annual periods from 2004 to 2025. As of September 2025, the index stands at 62.4%, representing net assets of Rs84.08 Billion against total assets of Rs134.84 Billion INR. Explore MCDOWELL-N operating cash flow to assess how effectively this company generates cash.
Annual Net Asset Quality Index for United Spirits Limited (2004–2025)
The table below presents the year-by-year Net Asset Quality Index for United Spirits Limited from 2004 to 2025, covering 22 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see United Spirits Limited market cap and net worth.
| Year | Quality Index | Net Assets (INR) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 61.2% | Rs81.04 Billion | Rs132.48 Billion | Rs51.44 Billion | ▼ -2.1 pp |
| 2024 | 63.3% | Rs71.21 Billion | Rs112.49 Billion | Rs41.28 Billion | ▲ +1.8 pp |
| 2023 | 61.5% | Rs59.99 Billion | Rs97.61 Billion | Rs37.62 Billion | ▲ +6.8 pp |
| 2022 | 54.7% | Rs48.75 Billion | Rs89.11 Billion | Rs40.37 Billion | ▲ +7.2 pp |
| 2021 | 47.5% | Rs40.59 Billion | Rs85.37 Billion | Rs44.78 Billion | ▲ +5.9 pp |
| 2020 | 41.7% | Rs36.87 Billion | Rs88.51 Billion | Rs51.65 Billion | ▲ +7.8 pp |
| 2019 | 33.9% | Rs30.87 Billion | Rs91.09 Billion | Rs60.22 Billion | ▲ +6.7 pp |
| 2018 | 27.2% | Rs24.33 Billion | Rs89.56 Billion | Rs65.24 Billion | ▲ +7.1 pp |
| 2017 | 20.0% | Rs17.83 Billion | Rs88.96 Billion | Rs71.13 Billion | ▼ -0.9 pp |
| 2016 | 20.9% | Rs17.90 Billion | Rs85.60 Billion | Rs67.71 Billion | ▲ +12.5 pp |
| 2015 | 8.4% | Rs6.60 Billion | Rs78.89 Billion | Rs72.28 Billion | ▼ -12.0 pp |
| 2014 | 20.4% | Rs30.33 Billion | Rs148.58 Billion | Rs118.25 Billion | ▼ -8.9 pp |
| 2013 | 29.3% | Rs47.98 Billion | Rs163.85 Billion | Rs115.87 Billion | ▼ -0.2 pp |
| 2012 | 29.5% | Rs46.76 Billion | Rs158.57 Billion | Rs111.80 Billion | ▼ -3.0 pp |
| 2011 | 32.5% | Rs41.96 Billion | Rs129.17 Billion | Rs87.21 Billion | ▼ -0.7 pp |
| 2010 | 33.2% | Rs37.82 Billion | Rs114.06 Billion | Rs76.24 Billion | ▲ +13.0 pp |
| 2009 | 20.2% | Rs23.92 Billion | Rs118.42 Billion | Rs94.50 Billion | ▼ -2.3 pp |
| 2008 | 22.5% | Rs22.76 Billion | Rs101.25 Billion | Rs78.49 Billion | ▼ -18.6 pp |
| 2007 | 41.1% | Rs15.40 Billion | Rs37.49 Billion | Rs22.08 Billion | ▲ +11.3 pp |
| 2006 | 29.8% | Rs9.70 Billion | Rs32.60 Billion | Rs22.89 Billion | ▲ +12.7 pp |
| 2005 | 17.1% | Rs2.81 Billion | Rs16.44 Billion | Rs13.63 Billion | ▼ -13.6 pp |
| 2004 | 30.7% | Rs2.76 Billion | Rs8.99 Billion | Rs6.23 Billion | — |