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. Check United Spirits Limited (MCDOWELL-N) asset resilience to evaluate the company's liquid asset resilience ratio.
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. See MCDOWELL-N current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
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 market cap of United Spirits Limited.
| 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 | — |