United Spirits Limited (BOM:532432)

United Spirits Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	18,480	18,380	15,820	14,080	11,370	8,286
Depreciation & Amortization	2,990	2,840	2,700	2,610	2,720	2,941
Other Amortization	130	130	130	140	110	97
Loss (Gain) From Sale of Assets	-270	-500	-990	-430	-3,920	-129
Asset Writedown & Restructuring Costs	700	700	650	480	1,960	340
Loss (Gain) From Sale of Investments	-1,170	-1,080	-410	-650	-200	-5
Loss (Gain) on Equity Investments	10	70	70	10	10	-
Stock-Based Compensation	200	220	170	370	230	255
Provision & Write-off of Bad Debts	330	330	-90	410	50	-129
Other Operating Activities	5,280	-750	2,100	610	-530	171
Change in Accounts Receivable	-6,060	-3,560	-4,940	-10,450	-2,760	-2,051
Change in Inventory	2,220	-3,590	-2,420	1,630	-2,620	-1,048
Change in Accounts Payable	1,530	2,230	2,890	1,320	2,030	1,227
Change in Other Net Operating Assets	-6,860	-870	940	1,050	-2,300	-181
Operating Cash Flow	18,500	14,590	19,470	11,180	6,150	9,774
Operating Cash Flow Growth	-14.63%	-25.06%	74.15%	81.79%	-37.08%	-46.23%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-2,060	-1,810	-1,620	-980	-1,370	-1,340
Sale of Property, Plant & Equipment	2,250	2,530	10	190	270	384
Divestitures	-	-	-	-	8,500	-
Sale (Purchase) of Real Estate	-	-	-	-	-	81
Investment in Securities	-2,620	-5,410	-9,850	2,570	-8,100	-2,216
Other Investing Activities	2,400	380	250	420	200	64
Investing Cash Flow	-10	-4,280	-11,140	2,260	-550	-3,127

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	60	-	250	-	-
Total Debt Issued	60	60	-	250	-	-
Short-Term Debt Repaid	-	-120	-	-	-3,390	-5,377
Long-Term Debt Repaid	-	-1,440	-1,370	-1,270	-1,250	-1,002
Lease Payments	-1,490	-1,440	-1,370	-1,260	-1,240	-1,002
Total Debt Repaid	-1,510	-1,560	-1,370	-1,270	-4,640	-6,379
Net Debt Issued (Repaid)	-1,450	-1,500	-1,370	-1,020	-4,640	-6,379
Common Dividends Paid	-11,820	-12,630	-3,550	-2,840	-	-
Other Financing Activities	-360	-370	-650	-210	-360	-501
Financing Cash Flow	-13,630	-14,500	-5,570	-4,070	-5,000	-6,880

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Cash Flow	4,860	-4,190	2,760	9,370	600	-233

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	16,440	12,780	17,850	10,200	4,780	8,434
Free Cash Flow Growth	-17.88%	-28.40%	75.00%	113.39%	-43.33%	-49.16%
Free Cash Flow Margin	13.07%	10.25%	15.42%	9.01%	4.50%	8.68%
Free Cash Flow Per Share	23.15	18.00	25.14	14.37	6.74	11.89
Levered Free Cash Flow	8,306	6,214	12,123	10,798	7,593	7,662
Unlevered Free Cash Flow	9,194	7,201	12,679	11,273	8,243	8,212
Free Cash Flow After Leases	14,950	11,340	16,480	8,940	3,540	7,432

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	370	370	400	210	360	501
Cash Income Tax Paid	3,340	3,340	1,170	3,370	2,680	4,570
Change in Working Capital	-9,170	-5,790	-3,530	-6,450	-5,650	-2,053

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 29, 2026

Data Sources Report a data error