United Spirits Balance Sheet
- Market cap
- ₹95,588 crore
- P/E
- 50.7
- P/B
- 10.68
- ROE
- 21.6%
- Dividend yield
- 0.82%
As of Mar 2022, United Spirits had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 555.74% from Mar 2023.
United Spirits balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 145 | 145 | 145 | 145 |
| Reserves | 8,500 | -308 | 814 | 1,795 | 2,638 |
| Borrowings | 1,200 | 183 | 265 | 480 | 413 |
| Other liabilities | 3,500 | 3,579 | 3,863 | 4,664 | 5,099 |
| Total liabilities | 13,700 | 9,761 | 11,249 | 13,248 | 14,469 |
| Fixed assets | 6,500 | 1,223 | 1,113 | 1,387 | 1,311 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 30.1 | 2,250 | 2,650 | 2,894 |
| Other assets | 4,300 | 2,928 | 3,375 | 3,974 | 4,341 |
| Total assets | 13,700 | 9,761 | 11,249 | 13,248 | 14,469 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
United Spirits balance sheet — frequently asked questions
What is the total debt of United Spirits?
United Spirits reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹183 crore as of Mar 2023.
What is United Spirits' debt-to-equity ratio?
Based on the Mar 2022 balance sheet, United Spirits' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are United Spirits' total assets?
United Spirits' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
Same Data For Peers
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.