---
title: "United Breweries (Holdings) Ltd (UBHOLDINGS) — Share Price, Financials & Analysis"
symbol: "UBHOLDINGS"
company: "United Breweries (Holdings) Ltd"
canonical: "https://tapetide.com/stocks/UBHOLDINGS"
generated_at: "2026-10-13T10:59:16.625Z"
---

# United Breweries (Holdings) Ltd (UBHOLDINGS)

Canonical page: https://tapetide.com/stocks/UBHOLDINGS

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** theubgroup.com

## About

United Breweries (Holdings) principal operations comprise primarily of holding of strategic investments and other securities, international trade, development of real estate, sale and rental of constructed premises including residential property of Kingfisher Towers, licensing of trademarks, advancing of loans and provision of guarantees.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.13 times its book value
- Market value of investments Rs.3,437 Cr. is more than the Market Cap Rs.73.5 Cr.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -0.83% over past five years.
- Company has a low return on equity of -272% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.54.7 Cr.
- Debtor days have increased from 69.2 to 101 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 101% | 21% | — |
| revenue growth | 28% | -6% | -1% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 141 | 136 | 116 | 101 | 88 | 78 | 72 | 92 | 105 | 104 | 96 | 115 |
| Expenses | 193 | 3893 | 926 | 105 | 70 | 624 | 48 | 58 | 102 | 162 | 63 | 75 |
| Operating Profit | -52 | -3757 | -810 | -4 | 17 | -547 | 24 | 34 | 3 | -58 | 33 | 40 |
| OPM % | -37 | -2754 | -702 | -4 | 20 | -705 | 33 | 37 | 2.5 | -56 | 35 | 35 |
| Other Income | 151 | 146 | 1676 | 64 | 5 | 202 | 8 | 17 | 2 | 34 | 9 | 10 |
| Interest | 78 | 82 | 60 | 55 | 19 | 14 | 26 | 35 | 17 | 15 | 9 | 6 |
| Depreciation | 2 | 2 | 3 | 1 | 1 | 15 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 19 | -3694 | 802 | 4 | 2 | -374 | 2 | 12 | -16 | -43 | 29 | 40 |
| Tax % | 118 | -9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -4 | -3346 | 802 | 4 | 2 | -374 | 2 | 12 | -16 | -43 | 29 | 40 |
| EPS in Rs | -0.53 | -500.69 | 120.04 | 0.54 | 0.3 | -55.93 | 0.32 | 1.82 | -2.44 | -6.45 | 4.41 | 6.05 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 273 | 323 | 372 | 388 | 501 | 447 | 492 | 381 | 372 | 419 |
| Expenses | 327 | 250 | 353 | 218 | 292 | 431 | 6096 | 1715 | 571 | 402 |
| Operating Profit | -54 | 73 | 19 | 170 | 209 | 17 | -5604 | -1334 | -199 | 18 |
| OPM % | -20 | 23 | 5 | 44 | 42 | 3.7 | -1140 | -350 | -54 | 4.2 |
| Other Income | 271 | 103 | 266 | 125 | 161 | 283 | 4039 | 1975 | 262 | 55 |
| Interest | 135 | 117 | 147 | 223 | 352 | 457 | 450 | 185 | 92 | 46 |
| Depreciation | 4 | 8 | 11 | 10 | 10 | 9 | 8 | 22 | 17 | 16 |
| Profit before tax | 79 | 51 | 127 | 62 | 8 | -167 | -2023 | 434 | -45 | 10 |
| Tax % | 18 | 21 | 45 | 33 | 8 | 0 | 0 | 0 | 0 | — |
| Net Profit | 65 | 41 | 70 | 42 | 8 | -167 | -2023 | 434 | -45 | 10 |
| EPS in Rs | 9.7 | 6.1 | 10.51 | 6.24 | 1.14 | -24.99 | -302.81 | 64.95 | -6.75 | 1.57 |
| Dividend Payout % | 10 | 0 | 10 | 16 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 59 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 |
| Reserves | 553 | 1407 | 1444 | 1504 | 1535 | 1516 | 1349 | 62 | 514 | 487 |
| Borrowings | 992 | 700 | 834 | 910 | 2318 | 2481 | 3746 | 2935 | 2393 | 2251 |
| Other Liabilities | 61 | 182 | 261 | 460 | 506 | 646 | 1206 | 895 | 920 | 1020 |
| Total Liabilities | 1665 | 2356 | 2606 | 2941 | 4425 | 4710 | 6368 | 3958 | 3893 | 3824 |
| Fixed Assets | 190 | 219 | 221 | 221 | 217 | 204 | 195 | 938 | 917 | 894 |
| CWIP | 14 | 6 | 1 | 1 | 93 | 103 | 114 | 125 | 136 | 147 |
| Investments | 581 | 950 | 904 | 1059 | 1907 | 1649 | 1621 | 1312 | 677 | 644 |
| Other Assets | 880 | 1181 | 1480 | 1659 | 2209 | 2753 | 4439 | 1583 | 2163 | 2139 |
| Total Assets | 1665 | 2356 | 2606 | 2941 | 4425 | 4710 | 6368 | 3958 | 3893 | 3824 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 78 | 37 | 96 | 229 | 97 | 126 | 47 | 97 | -34 | 136 |
| Cash from Investing Activity | -308 | -496 | -258 | -70 | -1322 | -34 | -1271 | 1582 | 647 | 14 |
| Cash from Financing Activity | 211 | 557 | 47 | -22 | 1193 | -175 | 1306 | -1709 | -615 | -99 |
| Net Cash Flow | -18 | 98 | -116 | 137 | -33 | -83 | 81 | -30 | -3 | 52 |
| Free Cash Flow | 71 | 19 | 109 | 243 | 34 | 244 | 69 | 110 | -30 | 129 |
| CFO/OP | -1615 | -101 | 164 | 1338 | 72 | 70 | 385 | -3 | 2 | -75 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 48 | 29 | 31 | 33 | 37 | 22 | 20 | 45 | 61 | 101 |
| Inventory Days | 12 | 7 | 6 | 13 | 19 | 53 | 43 | 56 | 31 | 75 |
| Days Payable | 141 | 94 | 101 | 204 | 110 | 62 | 77 | 130 | 156 | 170 |
| Cash Conversion Cycle | -81 | -58 | -64 | -158 | -53 | 13 | -14 | -29 | -64 | 6 |
| Working Capital Days | 1570 | 1259 | 1345 | 995 | -13 | 130 | -427 | 583 | 1464 | 1285 |
| ROCE % | 7 | 6 | 6 | 7 | 9 | 9 | 4 | -87 | -11 | 1 |

## Shareholding Pattern

### annual

| Category | Dec 2016 |
| --- | --- |
| Promoters | 52.34% |
| FIIs | 1.61% |
| DIIs | 4.14% |
| Public | 41.91% |
| No. of Shareholders | 48498 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- |
| Promoters | 52.34% | 52.34% | 52.34% |
| FIIs | 1.61% | 1.61% | 1.61% |
| DIIs | 3.9% | 4.08% | 4.14% |
| Public | 42.15% | 41.97% | 41.91% |
| No. of Shareholders | 49884 | 48517 | 48498 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2018-08-16 | [Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4A0D3196_564A_4BED_9635_790B35F739F6_103035.pdf) |
| 2018-08-16 | [Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/4A0D3196_564A_4BED_9635_790B35F739F6_103035.pdf) |
| 2017-09-26 | [Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B423E8DF_5C6A_45F1_B58A_4DCAA08C32DE_120038.pdf) |
| 2017-09-26 | [Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=E2BA0B0A_008C_4EBA_9E9F_5E19692FCF86_120315.pdf) |
| 2017-09-26 | [Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=EBCC5D58_94C6_4664_B178_6FE4E3722377_120828.pdf) |
| 2017-09-26 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=E6184604_5691_415A_B973_72B824A520F1_121020.pdf) |
| 2017-09-26 | [Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/B423E8DF_5C6A_45F1_B58A_4DCAA08C32DE_120038.pdf) |
| 2017-09-26 | [Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/E2BA0B0A_008C_4EBA_9E9F_5E19692FCF86_120315.pdf) |
| 2017-09-26 | [Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/EBCC5D58_94C6_4664_B178_6FE4E3722377_120828.pdf) |
| 2017-09-26 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/E6184604_5691_415A_B973_72B824A520F1_121020.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/507458/5074580316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/507458/5074580315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/507458/5074580314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/507458/5074580313.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/507458/5074580311.pdf) |
| 2011 | [Annual Report 2011](https://archives.nseindia.com/annual_reports/AR_UBHOLDINGS_2010_2011_12092011055454.zip) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/507458/5074580310.pdf) |
| 2010 | [Annual Report 2010](https://archives.nseindia.com/annual_reports/AR_UBHOLDINGS_2009_2010_23092010120000.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:59:16.625Z.