Buy United Spirits, price target Rs 780: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a buy call on United Spirits Ltd. with a target price of Rs 780.0 . The current price of United Spirits Ltd. is Rs 722.5 . Sagar Doshi recommended to keep a stoploss at Rs 690 .

United Spirits Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 52499.65 Crore) operating in Beverages - Alcoholic sector.

United Spirits Ltd. key Products/Revenue Segments include Beverages (Alcohol) which contributed Rs 28279.10 Crore to Sales Value (99.18 % of Total Sales), Income From Franchise which contributed Rs 184.80 Crore to Sales Value (0.64 % of Total Sales), Scrap which contributed Rs 28.70 Crore to Sales Value (0.10 % of Total Sales) and Other Operating Revenue which contributed Rs 19.70 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 2587.60 Crore, up 11.81 % from last quarter Sales of Rs 2314.20 Crore and up 2.91 % from last year same quarter Sales of Rs 2514.40 Crore Company has reported net profit after tax of Rs 232.80 Crore in latest quarter.

The company’s top management includes Dr.(Mrs.)Indu Shahani, Mr.V K Viswanathan, Mr.Sanjeev Churiwala, Mr.Randall David Ingber, Mr.Rajeev Gupta, Mr.Mahendra Kumar Sharma, Mr.John Thomas Kennedy, Mr.D Sivanandhan, Mr.Anand Kripalu, Mr.Vinod Rao. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditors As on 31-12-2019, the company has a total of 726,638,715 shares outstanding.