Target ₹2341: Strong Share Volume, Buying Advice; Under New MD Ready For Growth.
United Breweries Ltd (NSE: UBL) Stocks to buy: United Breweries shares of liquor manufacturing are poised to grow again. A Strong Share Volume, brokerage house has advised investors to buy the stock after increasing its target price by 10 percent.
The new MD of the company has created a positive feeling by taking on the responsibility. A strong volume of shares is also being observed. This share was settled at Rs 1,799 on Friday (January 12)
United Breweries Share Price 10% Increased
The brokerage house gave a buy recommendation on United Breweries. The target price has also been raised by approximately 10 percent, from Rs 2125 up to Rs 2341.
The share closed on January 12th, 2024 at Rs 1799. The stock will give you a return of around 30 percent if it is sold at the current price.The performance of United Breweries Share Price History, this share did not perform well.
Stocks have risen by 11 percent over the past year. The return on 6 months’ investments is approximately 20 percent.
What Is The Opinion Of The Brokerage?
The brokerage claims that United Breweries, under its new MD Vivek Gaupta, is displaying a strong aggressiveness.
The company has maintained constant contact with the policymakers to reduce the portfolio gap.Brokerage firm believes UBBL’s performance will be superior to its peers. The brokerage believes that margin expansion will occur.
The softening barley prices and the increase in market shares, operating leverage, (market share in Karnataka increased from 39 to 44 percent over the last three months), as well as premiumization, are all supporting margins.
They report that the stock of UBBL has risen 15 percent since Nuvama began covering the company in the past 11 weeks.
The brokerage increased the PE from 55x to 60x. The target price has risen from Rs 2125 per share to Rs 2320 per share on this basis.
About United Breweries Ltd
United Breweries Limited (UBL), is a company that manufactures and sells beer and non-alcoholic drinks.
In India, it brews beer and malt drinks with flavors. The company has been granted licenses to manufacture brands in Australia, New Zealand, and the United Kingdom.
Kingfisher is the company’s most prominent brand. It is popular in India and sold in many countries.
The company has two main segments: Beer and non-alcoholic beverages. The Beer segment generates most of the revenue for the company.
Fundamental Analysis of United Breweries Ltd
| Market Cap | ₹ 47,469 Cr. |
| Current Price | ₹ 1,799 |
| 52-wk High | ₹ 1,908.00 |
| 52-wk Low | ₹ 1,353.50 |
| Stock P/E | 189.16 |
| Book Value | ₹ 152 |
| Dividend | 0.42 % |
| ROCE | 11.4 % |
| ROE | 8.27 % |
| Face Value | ₹ 1.00 |
| P/B Value | 11.8 |
| OPM | 7.13 % |
| EPS | ₹ 9.51 |
| Debt | ₹ 15.4 Cr. |
| Debt to Equity | 0.00 |
United Breweries Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹1800 | ₹1980 |
| 2025 | ₹2000 | ₹2300 |
| 2026 | ₹2340 | ₹2480 |
| 2027 | ₹2500 | ₹2610 |
| 2028 | ₹2650 | ₹2780 |
| 2029 | ₹2800 | ₹3000 |
| 2030 | ₹3100 | ₹3200 |
United Breweries Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 72.72% |
| Mar 2023 | 72.72% |
| June 2023 | 72.72% |
| Sept 2023 | 71.00% |
| Dec 2023 | 70.84% |
| FII Holding | |
| Dec 2022 | 6.94% |
| Mar 2023 | 6.43% |
| June 2023 | 6.31% |
| Sept 2023 | 6.70% |
| Dec 2023 | 6.71% |
| DII Holding | |
| Dec 2022 | 13.91% |
| Mar 2023 | 14.41% |
| June 2023 | 14.65% |
| Sept 2023 | 15.97% |
| Dec 2023 | 16.06% |
| Govt. Holding | |
| Dec 2022 | 1.16% |
| Mar 2023 | 1.16% |
| June 2023 | 1.16% |
| Sept 2023 | 1.16% |
| Dec 2023 | 1.16% |
| Public Holding | |
| Dec 2022 | 5.28% |
| Mar 2023 | 5.27% |
| June 2023 | 5.16% |
| Sept 2023 | 5.19% |
| Dec 2023 | 5.22% |
United Breweries Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 6,475 Cr |
| 2020 | ₹ 6,509 Cr |
| 2021 | ₹ 4,243 Cr |
| 2022 | ₹ 5,838 Cr |
| 2023 | ₹ 7,544 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 563 Cr |
| 2020 | ₹ 428 Cr |
| 2021 | ₹ 114 Cr |
| 2022 | ₹ 366 Cr |
| 2023 | ₹ 252 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.03 |
| 2020 | 0.05 |
| 2021 | 0.03 |
| 2022 | 0 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | 7% |
| 5 Years: | -4% |
| 3 Years: | -9% |
| Current Year: | -48% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 12% |
| 5 Years: | 10% |
| 3 Years: | 7% |
| Last Year: | 8% |
Sales Growth Over 10 Years:
| 10 Years: | 7% |
| 5 Years: | 6% |
| 3 Years: | 5% |
| Current Year: | 2% |
Conclusion
This article is a complete guide about United Breweries Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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