United Spirits shares down 0.28% as Nifty gains

NEW DELHI: Shares of United Spirits Ltd. traded 0.28 per cent down in Thursday's trade at 12:10PM (IST). Around 9,977 shares changed hands on the counter.

The counter opened at Rs 882.0 and touched an intraday high and low of Rs 888.8 and Rs 880.0, respectively, in the session so far. Shares of the company of United Spirits Ltd. quoted a 52-week high of Rs 951.95 and a 52-week low of Rs 712.3.

As per BSE, the total market cap of the United Spirits Ltd. stood at Rs 64141.43 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2520.8 crore for the quarter ended 31-Mar-2023, down 9.97 per cent from previous quarter's Rs 2800.0 crore and down 1.51 per cent from the year-ago quarter's Rs 2559.5 crore.

The net profit for latest quarter stood at Rs 102.8 crore, down 43.42 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, DIIs held 9.9 per cent stake in the company, while foreign institutional investors held 15.38 per cent and the promoters 0.8 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 56.45 and a price-to-book ratio of 9.17. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

United Spirits Ltd. belongs to the Beverages & Distilleries industry.