Buy United Breweries, target Rs 1560: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on United Breweries Ltd. with a target price of Rs 1560. The current market price of United Breweries Ltd. is Rs 1486.0 Time period given by the analyst is Intra Day when United Breweries Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 1440.

United Breweries Ltd., incorporated in 1999, is a largecap company with a market cap of Rs 39290.61 crore. United Breweries Ltd. key Products/Revenue Segments include Beer which contributed Rs 12074.24 Crore to Sales Value (97.16 % of Total Sales), Other Operating Revenue which contributed Rs 255.71 Crore to Sales Value (2.05 % of Total Sales), Malt which contributed Rs 88.11 Crore to Sales Value (0.70 % of Total Sales) and Royalty Income which contributed Rs 8.55 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 1525.95 Crore, down -18.22 % from last quarter Sales of Rs 1865.91 Crore and up 19.55 % from last year same quarter Sales of Rs 1276.44 Crore Company has reported net profit after tax of Rs 163.77 Crore in latest quarter. The company’s top management includes Mr.A K Ravi Nedungadi, Mr.Chhaganlal Jain, Mr.Christiaan A J Van Steenbergen, Mr.Chugh Yoginder Pal, Mr.Frans Erik Eusman, Mr.Madhav Bhatkuly, Mr.Rudolf Gijsbert Servaas van den Brink, Mr.Shekhar Ramamurthy, Mr.Stephan Gerlich, Mr.Steven Bosch, Mr.Sunil Alagh, Ms.Kiran Mazumdar Shaw. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-12-2018, the company has a total of 264,405,149 shares outstanding.