The share price of United Spirits Ltd. dropped by 0.3% to Rs 1014.0 at 11:21AM (IST) in Monday’s trade. The stock hit a high of Rs 1025.05 and a low of Rs 1010.35 during the session. It had closed at Rs 1017.1 in the previous session. The total traded volume of the stock so far was 11:21AM shares, with a turnover of Rs 0.23 crore on the BSE platform. The stock was trading at a price-to-earnings multiple of 54.6 and a price-to-book ratio of 9.17.

A higher price-to-earnings (P/E) ratio indicates that investors are willing to pay a higher price for each rupee of earnings given by the stock, which reflects better future growth expectations. On the other hand, the price-to-book value (P/B) represents the inherent value of a company and indicates the price that investors are willing to pay, even if there is no growth in the business.

United Spirits Ltd. belongs to the Beverages & Distilleries industry. As of 30-Jun-2023, the promoters held a 56.68% stake in the company, while the ownership of Foreign Institutional Investors (FIIs) and domestic institutional investors stood at 15.92% and 12.45% respectively.

In terms of financials, the firm reported consolidated sales of Rs 5830.1 crore for the quarter ended 30-Jun-2023, which was a significant increase of 131.28% from the previous quarter’s sales of Rs 2520.8 crore. The sales also witnessed a growth of 138.42% compared to the year-ago quarter’s sales of Rs 2445.3 crore. The profit for the latest quarter stood at Rs 476.7 crore, showing a growth of 79.08% from the same quarter a year ago.