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United Spirits Ltd manufactures and sells spirits, beer, wine, and other alcoholic beverages. The company is engaged in the business of manufacture, purchase, and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and strategic franchising of some of its brands. Its brand portfolio consists of McDowell's No.1, Royal Challenge, Black Dog, Signature, Antiquity, Director's Special Black, McDowell's Rum, McDowell's Brandy, Bagpiper, Old Tavern, and Haywards among others. Geographically, the firm generates a majority of its revenue from India.
1999
2.6K+
LTM Revenue $1.4B
LTM EBITDA $246M
$12.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
United Spirits has a last 12-month revenue of $1.4B and a last 12-month EBITDA of $246M.
In the most recent fiscal year, United Spirits achieved revenue of $1.3B and an EBITDA of $256M.
United Spirits expects next 12-month revenue of XXX and NTM EBITDA of XXX
See United Spirits valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | XXX | XXX | XXX |
| Gross Profit | $492M | $508M | XXX | XXX | XXX |
| Gross Margin | 40% | 39% | XXX | XXX | XXX |
| EBITDA | $193M | $256M | XXX | XXX | XXX |
| EBITDA Margin | 16% | 20% | XXX | XXX | XXX |
| Net Profit | $96.2M | $132M | XXX | XXX | XXX |
| Net Margin | 8% | 10% | XXX | XXX | XXX |
| Net Debt | $33.4M | n/a | XXX | XXX | XXX |
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As of April 15, 2025, United Spirits's stock price is INR 1476 (or $17).
United Spirits has current market cap of INR 1.05T (or $12.2B), and EV of INR 1.03T (or $12.0B).
See United Spirits trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $12.0B | $12.2B | XXX | XXX | XXX | XXX | $0.24 |
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Sign UpAs of April 15, 2025, United Spirits has market cap of $12.2B and EV of $12.0B.
United Spirits's trades at 8.7x LTM EV/Revenue multiple, and 48.7x LTM EBITDA.
Analysts estimate United Spirits's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for United Spirits and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $12.0B | XXX | XXX | XXX |
| EV/Revenue | 8.8x | XXX | XXX | XXX |
| EV/EBITDA | 48.4x | XXX | XXX | XXX |
| P/E | 71.1x | XXX | XXX | XXX |
| P/E/Growth | 4.7x | XXX | XXX | XXX |
| EV/FCF | 84.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpUnited Spirits's NTM/LTM revenue growth is 12%
United Spirits's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, United Spirits's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate United Spirits's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for United Spirits and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 33% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 30% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 13% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 30% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Heineken | XXX | XXX | XXX | XXX | XXX | XXX |
| Endeavour Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Treasury Wine Estates | XXX | XXX | XXX | XXX | XXX | XXX |
| United Breweries | XXX | XXX | XXX | XXX | XXX | XXX |
| Radico Khaitan | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
United Spirits acquired XXX companies to date.
Last acquisition by United Spirits was XXXXXXXX, XXXXX XXXXX XXXXXX . United Spirits acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was United Spirits founded? | United Spirits was founded in 1999. |
| Where is United Spirits headquartered? | United Spirits is headquartered in India. |
| How many employees does United Spirits have? | As of today, United Spirits has 2.6K+ employees. |
| Who is the CEO of United Spirits? | United Spirits's CEO is Ms. Hina Nagarajan. |
| Is United Spirits publicy listed? | Yes, United Spirits is a public company listed on BOM. |
| What is the stock symbol of United Spirits? | United Spirits trades under 532432 ticker. |
| When did United Spirits go public? | United Spirits went public in 2001. |
| Who are competitors of United Spirits? | Similar companies to United Spirits include e.g. Heineken, Endeavour Group, Treasury Wine Estates, United Breweries. |
| What is the current market cap of United Spirits? | United Spirits's current market cap is $12.2B |
| What is the current revenue of United Spirits? | United Spirits's last 12-month revenue is $1.4B. |
| What is the current EBITDA of United Spirits? | United Spirits's last 12-month EBITDA is $246M. |
| What is the current EV/Revenue multiple of United Spirits? | Current revenue multiple of United Spirits is 8.7x. |
| What is the current EV/EBITDA multiple of United Spirits? | Current EBITDA multiple of United Spirits is 48.7x. |
| What is the current revenue growth of United Spirits? | United Spirits revenue growth between 2023 and 2024 was 7%. |
| Is United Spirits profitable? | Yes, United Spirits is EBITDA-positive (as of the last 12 months). |
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