Buy United Spirits, target Rs 695: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on United Spirits Ltd. with a target price of Rs 695. The current market price of United Spirits Ltd. is Rs 680. Time period given by the analyst is Intra Day when United Spirits Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 670. United Spirits Ltd., incorporated in 1999, is a largecap (having a market cap of Rs 49411.43 crore) operating in Beverages - Alcoholic sector.

United Spirits Ltd. key Products/Revenue Segments include Beverages (Alcohol) which contributed Rs 25294.70 Crore to Sales Value (99.59 % of Total Sales), Income From Franchise which contributed Rs 59.50 Crore to Sales Value (0.23 % of Total Sales), Scrap which contributed Rs 35.10 Crore to Sales Value (0.13 % of Total Sales) and Other Operating Revenue which contributed Rs 9.50 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 2173.70 Crore, down -3.96 % from last quarter Sales of Rs 2263.30 Crore and up 7.93 % from last year same quarter Sales of Rs 2014.00 Crore Company has reported net profit after tax of Rs 211.00 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 Chartered Accountants LLP as its auditoRs As on 31-03-2018, the company has a total of 145,327,743 shares outstanding.