United Breweries Ltd.
- 1,271.00 INR
- -4.75
- -0.37%
India
Sep 13, 2019Ticker
BOM(532478)Prev. close
1,275.75Market cap (INR)
337,315MMarket cap (USD)
4,755.77MShares
264.40M
In the news
- India shares post weekly gains as State Bank, software exporters advance May 25, 2018
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- Tax burden spoils party for India's whiskey makers Apr 15, 2018
- India shares extend losses amid global equity rout Feb 5, 2018
- Nikkei Asia300 Index falls more as rising bond yields hurt equities Feb 5, 2018 See more articles on United Breweries Ltd.
Company Background
The company is the beer-industry leader in India, controlling about 50% of the market. Dutch brewer Heineken holds a roughly 40% share in the company, while UB Group Chairman Vijay Mallya holds a stake of about 36%. Heineken owns much of its stake in the company through its Indian subsidiary, Scottish & Newcastle India.
Mallya's stake was once the same as Heineken's, but the Dutch company increased its interest 2013. Mallya, who also owns the grounded Kingfisher Airlines, was elected chairman of UB Group in 1983 at age 28. Prior to joining his family business, he worked for the American Hoechst Corporation (now Sanofi-Aventis) in the U.S. and Jenson & Nicholson in the U.K.
United Breweries was set up in 1915 after Scotsman Thomas Leishman bought and merged five breweries in south India. In 1947, the company was purchased by Mallya's father, Vittal Mallya. In 2004, United Breweries entered a joint venture with Scottish & Newcastle India, which is now owned by Heineken, to produce and sell beverages. The company behind India's best-selling beer, Kingfisher Strong, started manufacturing and distributing Heineken beer in India in 2009.
Business Summary
Financial Highlights
| Mar 2019 | INR | USD |
| Revenue | 64,754.30M | 925.81M |
| Gross Profit | 23,676.30M | 338.50M |
| Operating income | 9,092.30M | 129.99M |
| Income before tax | 8,793.10M | 125.71M |
| Net income | 5,629.40M | 80.48M |
| EBITDA | 11,690.90M | 167.14M |
| Diluted EPS | 21.29 | 0.30 |
| Dividends Per Share | 2.50 | 0.03 |
| Total Assets | 54,315.70M | 784.05M |
| Total liabilities | 22,447.60M | 324.03M |
| Total equity | 31,837.70M | 459.58M |
| Operating cash flow | 6,188M | 88.47M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
| Revenue | 46,881.10M | 48,331.40M | 47,291.90M | 56,190.20M | 64,754.30M |
| Gross Profit | 20,088.70M | 18,051.80M | 16,351.30M | 20,154.30M | 23,676.30M |
| Operating income | 4,223.20M | 5,034.10M | 3,742M | 6,566.40M | 9,092.30M |
| Income before tax | 3,790M | 4,546.50M | 3,481.30M | 6,078.20M | 8,793.10M |
| Net income | 2,598.40M | 2,983M | 2,295.70M | 3,942M | 5,629.40M |
| EBITDA | 6,298.60M | 7,470.40M | 6,612.50M | 9,162.90M | 11,690.90M |
| Diluted EPS | 9.73 | 11.28 | 8.68 | 14.93 | 21.29 |
| Dividends Per Share | 1 | 1.15 | 1.15 | 2 | 2.50 |
| Total Assets | 39,169.80M | 44,007M | 45,125.20M | 47,745.10M | 54,315.70M |
| Total liabilities | 20,642M | 22,510.50M | 21,755.30M | 20,813.10M | 22,447.60M |
| Total equity | 18,506.10M | 21,471.20M | 23,342.10M | 26,902.60M | 31,837.70M |
| Operating cash flow | 7,777.60M | 4,619.30M | 4,882.80M | 5,147.90M | 6,188M |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
| Revenue | 766.73M | 738.21M | 705.24M | 871.62M | 925.81M |
| Gross Profit | 328.55M | 275.72M | 243.84M | 312.63M | 338.50M |
| Operating income | 69.07M | 76.89M | 55.80M | 101.85M | 129.99M |
| Income before tax | 61.98M | 69.44M | 51.91M | 94.28M | 125.71M |
| Net income | 42.49M | 45.56M | 34.23M | 61.14M | 80.48M |
| EBITDA | 103.01M | 114.10M | 98.61M | 142.13M | 167.14M |
| Diluted EPS | 0.15 | 0.17 | 0.12 | 0.23 | 0.30 |
| Dividends Per Share | 0.01 | 0.01 | 0.01 | 0.03 | 0.03 |
| Total Assets | 625.90M | 664.53M | 694.92M | 732.04M | 784.05M |
| Total liabilities | 329.84M | 339.92M | 335.03M | 319.11M | 324.03M |
| Total equity | 295.71M | 324.22M | 359.46M | 412.47M | 459.58M |
| Operating cash flow | 127.20M | 70.55M | 72.81M | 79.85M | 88.47M |
Valuation Measures
| Mar 2019 | |
| PER | 65.52 |
| ROA | 11.03% |
| ROE | 19.16% |
| Operating margin | 14.04% |
| Profit margin | 8.69% |
Key executives
- Managing Director & Executive Director: Shekhar Ramamurthy
- Senior Vice President-Operations & Malting: Rohtash Kumar Jindal
- Senior Vice President-Operations: C. Gouri Shankar
- Chief Financial Officer: Berend Odink
- Secretary, Senior VP-Legal & Compliance Officer: Govind Iyengar
Shareholders
- United Breweries Ltd. (34.0%)
- Government of India (16.6%)
- Heineken NV (12.4%)
- MALLYA VIJAY (8.0%)
- Arisaig Partners (Asia) Pte Ltd. (2.2%)
- First State Investment Management (UK) Ltd. (2.2%)
- McDowell Holdings Ltd. (1.7%)
- Franklin Templeton Asset Management (India) Pvt Ltd. (1.3%)
- Kamsco Industries Pvt Ltd. (1.2%)
- Derive Trading Pvt Ltd. (1.2%)
Contact Details
- Website:http://www.unitedbreweries.com
- Address: UB Towers, UB City, No. 24 Vittal Mallya Road, Bangalore, 560001, India
- Phone: +91.80.45655000
Related Companies
- Pacific Spirits Pvt Ltd. /Brewery Assets/
- Scottish & Newcastle India Pvt Ltd.
- Maltex Malsters Ltd.
- Chennai Breweries Pvt Ltd.
- UB Ajanta Breweries Pvt Ltd
- London Draft Pubs Pvt Ltd.
- UB Group Employees Welfare Trust
Competitors
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Last Updated on 13 Sep, 2019