NSE/UBL

UBLUnited Breweries Ltd

Consumer Goods · NSE

₹1,493.6+2.36%

52-wk low52-WEEK RANGE52-wk high

₹1,423.6+4.9% from low ·-33.3% from high₹2,238.9

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

UBL-25.39% · 1Y

Range high ₹2,294.9Range low ₹1,401.1Latest ₹1,493.6252 bars · daily-close · NSE bhavcopy + 10Y history

Consumer GoodsMidcap

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite17/100

Performance

—

Not enough price history to score.

Valuation

High

Looks expensive vs the sector.

· P/E 97.8 — 115% above sector median 45.4

Growth

Medium

Steady but not standout growth.

· Revenue YoY +9.8%
· 3Y revenue CAGR +15.3%

Profitability

Low

Profitability is a concern.

· Net margin 5.0% — thin margins

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeC(45/100)

Durability

A+

95/100

Financially resilient — strong quality + solvency profile.

Show 3 drivers

Piotroski F-score7/8 (88pt)
Altman Z" score3.46 (100pt)
Debt/Equity0.18 (100pt)

Valuation

20/100

Richly valued on most axes; limited margin of safety.

Show 4 drivers

P/E vs sector (97.8 / 45.4)215% (17pt)
P/B9.24 (40pt)
Dividend yield0.67% (17pt)
EV/EBITDA47.8 (0pt)

Momentum

21/100

Negative momentum — trend and technicals stacked bearish.

Show 4 drivers

DMA-trend alignmentstrong down (0pt)
RSI (14)44.1 (35pt)
Price vs 200-DMA-13.4% (33pt)
MACD regimebearish (30pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)97.78

OVERVALUED

CheapestP/E 97.8 at 100th %ile — pricier than 100% of peers.Most expensive

P/B9.24

FAIR

CheapestP/B 9.24 at 60th %ile of sector.Most expensive

EV/EBITDA47.84

OVERVALUED

Monthly seasonality

Avg monthly return over 10 years · historical — not a forecast

Best: Apr +6.22% · Worst: Feb -5.10%

Jan

+1.5%

70% win

Feb

-5.1%

10% win

Mar

-3.0%

40% win

Apr

+6.2%

70% win

May

-2.5%

30% win

Jun

+2.6%

Monthly return distribution

Distribution of 120 monthly returns

Mean

+0.85%

Median

+0.90%

Std dev

7.63%

Best

+28.7%

Worst

-26.2%

% positive

52%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 3

Lean balance sheet (D/E 0.18)
Low leverage means earnings are less sensitive to rate cycles
Financial quality score 7/8
Piotroski ≥7 historically associated with outperformance
Bankruptcy risk low (Altman Z″ 3.46)
Z″ above 2.60 sits squarely in the 'safe' zone

WEAKNESSES · 1

Premium to sector on P/E (+115%)
P/E 97.8 vs Consumer Goods median 45.4

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 2

Strong downtrend — DMA stack bearish
Price < 20 < 50 < 200 DMA: trend-followers are leaving
Valuation compression risk
P/E 97.8 is 115% above sector — any growth miss gets punished

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+2.4%

+2.7%

-9.1%

-4.3%

-17.0%

-25.2%

+1.2%

+3.9%

10Y

+6.5%

Fundamentals

VALUATION

Market cap

₹40,153 Cr

P/E (TTM)

97.8

P/E (fwd)

—

next 12m

P/B

9.24

EV/EBITDA

47.8

Book value

—

per share

PROFITABILITY · QUALITY

ROE

—

ROCE

—

Net margin

5.0%

Op margin

—

Gross margin

—

D/E

0.18

GROWTH · MARKET

Rev YoY

+9.8%

Profit YoY

+7.8%

Div yield

0.67%

Payout

—

52w change

—

Beta

—

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 2

+3-year revenue CAGR of 15.3%Sustained multi-year growth — not a one-quarter flash
+Nearly debt-free (D/E 0.18)Low financial risk — funds growth from internal accruals, resilient in downturns

CONS · 2

−Trades at a premium to sector on P/EP/E 97.8 vs Consumer Goods median 45.4 — priced for more growth than peers
−Very high absolute P/E (98x)At this multiple the market prices in several years of strong growth upfront — risk of correction if growth disappoints

Sector-relative context

Consumer Goods · 20 peers

P/E (TTM)

This stock

97.78

Sector median

45.41

Rank 20/20 (5th %ile)

ROE

This stock

—

Sector median

18.8%

—

P/B

This stock

9.24

Sector median

8.55

Rank 12/20 (45th %ile)

Quality score · Piotroski F-score

7 / 8

Strong quality — passes most F-score checks

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE3.46

Z″ = 3.46 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.100	×6.56	0.656
Retained Earnings / Total Assets (B)	0.438	×3.26	1.427
EBIT / Total Assets (C)	0.081	×6.72	0.547
Book Equity / Total Liabilities (D)	0.793	×1.05	0.833

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. Working capital proxied from reported cash + 10% buffer (exact 'current assets − current liabilities' line not ingested). Treat as directional.

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	2,117	2,000	2,001	2,864	2,073
Operating profit	170	80	130	248	157
OPM %	8.0%	4.0%	6.5%	8.7%	7.6%
Interest	2	3

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	5,605	7,331	7,876	8,593
Operating profit	485	406	485	608
OPM %	8.7%	5.5%	6.2%	7.1%
Interest	15	4	7	12
Depreciation

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
UBLTHIS United Breweries Limited	₹1,493.6	-32.7%	40,153	97.8	9.24	—	0.18	+9.8%
HINDUNILVR Hindustan Unilever Limited	₹2,240.8	-4.7%	5,24,387	51.9	10.76	20.7%	0.04	+3.9%
ITC ITC Limited	₹306.8	-27.4%	3,82,149	18.8	5.38	28.7%	0.01	+6.7%
NESTLEIND Nestle India Limited	₹1,285.6	-46.4%	2,48,058	75.8	55.94	73.8%	0.11	+18.6%
ASIANPAINT Asian Paints Limited	₹2,464	+0.8%	2,41,259	62.7	12.32	19.6%	0.18	+3.7%
BRITANNIA Britannia Industries Limited	₹5,735.5	+6.3%	1,37,295	56.8	36.77	64.8%	0.58	+8.2%
GODREJCP Godrej Consumer Products Limited	₹1,109.4	-8.6%	1,13,048	61.9	9.29	15.0%	0.34	+8.8%
MARICO Marico Limited	₹757.3	+8.9%	98,411	57.3	24.30	—	0.14	+12.2%
DABUR Dabur India Limited	₹442.85	-6.9%	78,344	42.4	7.15	16.9%	0.12	+6.1%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	1.84	3.49	+89.4%
-2q	4.05	1.78	-56.0%
-3q	10.45	6.95	-33.5%
-4q	3.80	3.69	-2.9%

Date	Amount
2025-07-31	₹10.00
2024-07-25	₹10.00
2023-08-03	₹7.50
2022-08-02	₹10.50
2021-07-01	₹0.50
2020-08-18	₹2.50
2019-08-13	₹2.50
2018-09-07	₹2.00
2017-09-14	₹1.15
2016-08-30	₹1.15

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	26	26	26	26
Reserves	2,605	2,634	2,847	3,026
Borrowings	10	16	102	620
Total liabilities	5,949	6,280	7,053	8,223
Fixed assets	2,016	1,923	1,941	2,021
CWIP	126	91	181	286
Investments	13	15	9	12
Other assets	250	0	378	422
Total assets	5,949	6,280	7,053	8,223

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	900	-120	70	235
CF Investing	-160	-121	-148	-239
CF Financing	-287	-292	-122	217
Net cash flow	453	-533	-201	213
Free cash flow	726	-276	-122	-23

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	7.1%	6.2%	5.5%	8.7%
Net margin %	5.1%	5.2%	4.1%	6.5%
ROE %	14.9%	14.8%	11.5%	13.9%
ROCE %	18.6%	19.7%	15.9%	19.3%
Debt / Equity	0.20	0.04	0.01	0.00
Interest coverage	51.1×	83.3×	95.2×	34.8×
Revenue growth YoY	+9.1%	+7.4%	+30.8%	—
Profit growth YoY	+7.7%	+34.9%	-16.8%	—

UBLUnited Breweries Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Quarterly results

Annual P&L

Peer comparison · Consumer Goods

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Stock scorecard

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Consumer Goods