United Spirits shares up 0.97% as Nifty gains

NEW DELHI: Shares of United Spirits Ltd. traded 0.97 per cent up in Monday's trade at 01:58PM (IST). Around 12,465 shares changed hands on the counter.

The counter opened at Rs 851.05 and touched an intraday high and low of Rs 867.0 and Rs 851.05, 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.

Total market cap of the United Spirits Ltd. stood at Rs 62937.67 crore at the time of writing this report.

Key Financials
The company reported consolidated 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 corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2023, domestic institutional investors held 9.9 per cent stake in the firm, while foreign institutional investors held 15.38 per cent and the promoters 56.68 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 55.39 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.