United Spirits Limited (MCDOWELL-N) - Net Assets

Latest as of September 2025: Rs84.08 Billion INR ≈ $909.29 Million USD

Based on the latest financial reports, United Spirits Limited (MCDOWELL-N) has net assets worth Rs84.08 Billion INR (≈ $909.29 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs134.84 Billion ≈ $1.46 Billion USD) and total liabilities (Rs50.76 Billion ≈ $548.95 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore MCDOWELL-N current and non-current assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric Value
Current Net Assets Rs84.08 Billion
% of Total Assets 62.36%
Annual Growth Rate 17.47%
5-Year Change 99.66%
10-Year Change 352.83%
Growth Volatility 65.14

United Spirits Limited - Net Assets Trend (2004–2025)

This chart illustrates how United Spirits Limited's net assets have evolved over time, based on quarterly financial data. Check United Spirits Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for United Spirits Limited (2004–2025)

The table below shows the annual net assets of United Spirits Limited from 2004 to 2025. For live valuation and market cap data, see United Spirits Limited (MCDOWELL-N) total market value.

Year Net Assets Change
2025-03-31 Rs81.04 Billion
≈ $876.42 Million		 +13.80%
2024-03-31 Rs71.21 Billion
≈ $770.11 Million		 +18.69%
2023-03-31 Rs59.99 Billion
≈ $648.82 Million		 +23.07%
2022-03-31 Rs48.75 Billion
≈ $527.19 Million		 +20.10%
2021-03-31 Rs40.59 Billion
≈ $438.95 Million		 +10.10%
2020-03-31 Rs36.87 Billion
≈ $398.70 Million		 +19.42%
2019-03-31 Rs30.87 Billion
≈ $333.87 Million		 +26.90%
2018-03-31 Rs24.33 Billion
≈ $263.09 Million		 +36.43%
2017-03-31 Rs17.83 Billion
≈ $192.84 Million		 -0.37%
2016-03-31 Rs17.90 Billion
≈ $193.54 Million		 +171.02%
2015-03-31 Rs6.60 Billion
≈ $71.41 Million		 -78.23%
2014-03-31 Rs30.33 Billion
≈ $328.01 Million		 -36.79%
2013-03-31 Rs47.98 Billion
≈ $518.92 Million		 +2.61%
2012-03-31 Rs46.76 Billion
≈ $505.73 Million		 +11.45%
2011-03-31 Rs41.96 Billion
≈ $453.80 Million		 +10.95%
2010-03-31 Rs37.82 Billion
≈ $409.01 Million		 +58.12%
2009-03-31 Rs23.92 Billion
≈ $258.67 Million		 +5.07%
2008-03-31 Rs22.76 Billion
≈ $246.19 Million		 +47.78%
2007-03-31 Rs15.40 Billion
≈ $166.59 Million		 +58.76%
2006-03-31 Rs9.70 Billion
≈ $104.93 Million		 +245.16%
2005-03-31 Rs2.81 Billion
≈ $30.40 Million		 +1.93%
2004-03-31 Rs2.76 Billion
≈ $29.83 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to United Spirits Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 7959000000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Retained Earnings Rs79.59 Billion 98.21%
Common Stock Rs1.45 Billion 1.79%
Total Equity Rs81.04 Billion 100.00%

United Spirits Limited Competitors by Market Cap

The table below lists competitors of United Spirits Limited ranked by their market capitalization.

Company Market Cap
Five Below Inc
NASDAQ:FIVE
 $10.98 Billion
ORIGIN ENERGY UNSP.ADR/1
F:ORL0
 $10.98 Billion
SANLAM LTD RC-01 ADR/2
F:LA6S
 $10.98 Billion
Mirae Asset Daewoo Securities Co Ltd
KO:006800
 $11.01 Billion
Allegion PLC
NYSE:ALLE
 $10.97 Billion
EastGroup Properties Inc
NYSE:EGP
 $10.96 Billion
Nio Inc Class A ADR
F:N3IA
 $10.96 Billion
Xiamen Tungsten Co Ltd
SHG:600549
 $10.95 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in United Spirits Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 71,210,000,000 to 81,040,000,000, a change of 9,830,000,000 (13.8%).
  • Net income of 15,820,000,000 contributed positively to equity growth.
  • Dividend payments of 3,550,000,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 68,180,000,000.
  • Other factors increased equity by 65,740,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income Rs15.82 Billion +19.52%
Dividends Paid Rs3.55 Billion -4.38%
Other Comprehensive Income Rs-68.18 Billion -84.13%
Other Changes Rs65.74 Billion +81.12%
Total Change Rs- 13.80%

Book Value vs Market Value Analysis

This analysis compares United Spirits Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 12.23x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 131.79x to 12.23x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-03-31 Rs10.59 Rs1395.30 x
2005-03-31 Rs10.55 Rs1395.30 x
2006-03-31 Rs21.99 Rs1395.30 x
2007-03-31 Rs33.04 Rs1395.30 x
2008-03-31 Rs47.11 Rs1395.30 x
2009-03-31 Rs46.33 Rs1395.30 x
2010-03-31 Rs68.15 Rs1395.30 x
2011-03-31 Rs66.40 Rs1395.30 x
2012-03-31 Rs74.07 Rs1395.30 x
2013-03-31 Rs76.07 Rs1395.30 x
2014-03-31 Rs42.81 Rs1395.30 x
2015-03-31 Rs9.08 Rs1395.30 x
2016-03-31 Rs25.21 Rs1395.30 x
2017-03-31 Rs25.17 Rs1395.30 x
2018-03-31 Rs34.10 Rs1395.30 x
2019-03-31 Rs43.57 Rs1395.30 x
2020-03-31 Rs52.56 Rs1395.30 x
2021-03-31 Rs58.08 Rs1395.30 x
2022-03-31 Rs69.84 Rs1395.30 x
2023-03-31 Rs84.54 Rs1395.30 x
2024-03-31 Rs100.29 Rs1395.30 x
2025-03-31 Rs114.13 Rs1395.30 x

Capital Efficiency Dashboard

This dashboard shows how efficiently United Spirits Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 19.52%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 13.11%
  • • Asset Turnover: 0.91x
  • • Equity Multiplier: 1.63x
  • Recent ROE (19.52%) is above the historical average (-5.11%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 9.04% 2.11% 1.30x 3.28x Rs-26.31 Million
2005 4.55% 1.00% 0.76x 6.03x Rs-148.59 Million
2006 15.08% 5.91% 0.66x 3.87x Rs427.62 Million
2007 41.41% 19.38% 0.78x 2.74x Rs4.30 Billion
2008 13.10% 5.88% 0.46x 4.87x Rs643.32 Million
2009 -17.12% -7.47% 0.46x 4.96x Rs-6.47 Billion
2010 -0.60% -0.36% 0.56x 3.02x Rs-4.00 Billion
2011 13.63% 7.72% 0.57x 3.09x Rs1.52 Billion
2012 4.03% 2.05% 0.58x 3.40x Rs-2.78 Billion
2013 -2.11% -0.96% 0.65x 3.42x Rs-5.80 Billion
2014 -148.04% -42.75% 0.71x 4.90x Rs-47.92 Billion
2015 -255.90% -18.43% 1.16x 11.96x Rs-17.54 Billion
2016 54.13% 10.47% 1.08x 4.79x Rs7.89 Billion
2017 5.61% 1.14% 0.98x 4.98x Rs-784.60 Million
2018 26.20% 7.57% 0.93x 3.70x Rs3.92 Billion
2019 22.66% 7.54% 1.02x 2.95x Rs3.91 Billion
2020 17.67% 7.10% 1.05x 2.37x Rs2.86 Billion
2021 9.31% 4.74% 0.95x 2.07x Rs-283.80 Million
2022 16.73% 8.58% 1.08x 1.80x Rs3.33 Billion
2023 18.95% 10.71% 1.09x 1.63x Rs5.37 Billion
2024 19.77% 12.44% 1.01x 1.58x Rs6.96 Billion
2025 19.52% 13.11% 0.91x 1.63x Rs7.72 Billion

Industry Comparison

This section compares United Spirits Limited's net assets metrics with peer companies in the Beverages - Wineries & Distilleries industry.

Industry Context

  • Industry: Beverages - Wineries & Distilleries
  • Average net assets among peers: $3,068,292,680
  • Average return on equity (ROE) among peers: 6.16%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
United Spirits Limited (MCDOWELL-N) Rs84.08 Billion 9.04% 0.60x $10.98 Billion
Allied Blenders & Distillers Ltd (ABDL) $4.06 Billion 0.39% 5.13x $1.89 Billion
Associated Alcohols & Breweries Ltd. (ASALCBR) $295.88 Million 4.09% 1.84x $177.44 Million
Bcl Industries Limited (BCLIND) $6.74 Billion 13.41% 0.93x $112.49 Million
Globus Spirits Limited (GLOBUSSPR) $3.73 Billion 1.55% 1.07x $288.30 Million
IFB Agro Industries Limited (IFBAGRO) $3.70 Billion 8.49% 0.25x $98.74 Million
Ravi Kumar Distilleries Limited (RKDL) $882.50 Million -2.21% 0.60x $5.00 Million
Sula Vineyards Limited (SULA) $3.95 Billion 13.19% 0.92x $137.00 Million
Tilaknagar Industries Limited (TI) $1.19 Billion 10.34% 1.11x $1.18 Billion

About United Spirits Limited

NSE:MCDOWELL-N India Beverages - Wineries & Distilleries
Market Cap
$10.98 Billion
Rs1.01 Trillion INR
Market Cap Rank
#2078 Global
#87 in India
Share Price
Rs1395.30
Change (1 day)
+1.42%
52-Week Range
Rs1218.80 - Rs1459.50
All Time High
Rs1688.55
Categories
Companies in India Beverages - Wineries & Distilleries
About

United Spirits Limited manufactures, purchases, and sells alcoholic beverages and other allied spirits in India and internationally. Its alcoholic beverages include Scotch whisky, Indian made foreign liquor whisky, brandy, rum, vodka, and gin. The company primarily owns McDowell's No.1, Royal Challenge, Signature, Antiquity, Black Dog, Director's Special Black, McDowell's Rum, and McDowell's Bran… Read more