Buy United Spirits, target Rs 640: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on United Spirits Ltd. with a target price of Rs 640. The current market price of United Spirits Ltd. is Rs 631.35 Time period given by analyst is Intra Day when United Spirits Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 609. United Spirits Ltd., incorporated in 1999, is a largecap company with a market cap of Rs 45876.34 crore.

United Spirits Ltd. key Products/Revenue Segments include Beverages (Alcohol) which contributed Rs 25871.50 Crore to Sales Value (99.24 % of Total Sales), Income From Franchise which contributed Rs 154.40 Crore to Sales Value (0.59 % of Total Sales), Scrap which contributed Rs 31.90 Crore to Sales Value (0.12 % of Total Sales) and Other Operating Revenue which contributed Rs 11.30 Crore to Sales Value (0.04 % 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 2228.10 Crore, up 10.75 % from last quarter Sales of Rs 2011.90 Crore and up 14.19 % from last year same quarter Sales of Rs 1951.30 Crore Company has reported net profit after tax of Rs 258.70 Crore in latest quarter. The company’s top management includes Dr.(Mrs.)Indu Shahani, Mr.Anand Kripalu, Mr.D Sivanandhan, Mr.John Thomas Kennedy, Mr.Mahendra Kumar Sharma, Mr.Rajeev Gupta, Mr.Randall David Ingber, Mr.Sanjeev Churiwala, Mr.V K Viswanathan, Mr.Vinod Rao. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditoRs As on 30-09-2018, the company has a total of 726,638,715 shares outstanding.