United Spirits Stocks: Enter United Spirits; Target price Rs 940: ICICI Securities | Techno Glob


United Spirits is again called on with a target price of Rs 940. Current market price. 865.25 rupees. Ltd. It is the time period given by the analyst when the price can reach the specified target.



United Spirits Ltd. was established in 1999, Beverages: A large Cap company with a market cap of Rs 63072.24 crore in the alcoholic beverages sector.

United Spirits Ltd. Its main product/revenue segments include beverages (alcohol); Franchise income; Includes scrap and other operating income for the year ending 31-Mar-2022.

Finance

For the quarter ended 30-09-2022, the company posted a total revenue of Rs.2918.60 crore; The total revenue for the last quarter was Rs 2445.30 crore, up 16.21% from the total revenue of Rs 2511.4 crore in the same quarter last year. The company reported a net profit after tax of Rs 548.20 crore in the last quarter.

Investment Rationale
The installment raises revenue estimates by 2%/4% for FY23E/FY24E. Model Revenue / EBITDA / PAT CAGR of 6% / 7% / 10% over FY22-24E. Maintain ADD with DCF-based unchanged target price Rs940. The main side effects are a sharp decline in tax increases; Online commerce continues to decline due to operational restrictions and potential state bans.


Promoter/FII Holdings
Promoters hold 56.73 per cent stake in the company as on 30-Jun-2022, while FIIs hold 16.76 per cent; 10.86 percent owned by DII.

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