United Spirits shares up 0.76% as Nifty gains
United Spirits Ltd. traded 0.76 per cent up in Monday's trade at 12:12PM (IST). Around 22,177 shares changed hands on the counter.
The counter opened at Rs 1069.15 and touched an intraday high and low of Rs 1080.0 and Rs 1062.0, respectively, in the session so far. Shares of the company of United Spirits Ltd. quoted a 52-week high of Rs 1087.7 and a 52-week low of Rs 730.9.
As per BSE, the total market cap of the United Spirits Ltd. stood at Rs 78393.87 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 5830.1 crore for the quarter ended 30-Jun-2023, up 131.28 per cent from previous quarter's Rs 2520.8 crore and up 138.42 per cent from the year-ago quarter's Rs 2445.3 crore.
The net profit for latest quarter stood at Rs 476.7 crore, up 79.08 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, DIIs held 10.07 per cent stake in the firm, while foreign institutional investors held 15.92 per cent and the promoters 0.8 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 58.21 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.
