United SpiritsNSE:UNITDSPR +1.45%92 ROA % is 14.90% as of Mar. 2026, which is 72% above its 10-year median of 8.64. GuruFocus rates NSE:UNITDSPR with a GF Score™ of 92/100 and a GF Value™ of ₹1,400.68 (Fairly Valued). Among 214 Beverages - Alcoholic companies, United Spirits ranks better than 91.12% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. United Spirits's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹21,560 Mil.
United Spirits's average Total Assets over the quarter that ended in Mar. 2026 was ₹144,690 Mil. Therefore, United Spirits's annualized ROA % for the quarter that ended in Mar. 2026 was 14.90%.
The historical rank and industry rank for United Spirits's ROA % or its related term are showing as below:
NSE:UNITDSPR'
s ROA % Range Over the Past 10 Years
Min: 1.16 Med: 8.64 Max: 13.4
Current: 13.38
During the past 13 years, United Spirits's highest ROA % was 13.40%. The lowest was 1.16%. And the median was 8.64%.
NSE:UNITDSPR's ROA % is ranked better than 91.12% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 2.86
vs NSE:UNITDSPR: 13.38
United Spirits (NSE:UNITDSPR) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
United Spirits ROA % Related Terms
United Spirits ROA % Historical Data
* Premium members only.
The historical data trend for United Spirits's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Beverages - Wineries & Distilleries subindustry, United Spirits's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
United Spirits ROA % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, United Spirits's ROA % distribution charts can be found below:
* The bar in red indicates where United Spirits's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
United Spirits (NSE:UNITDSPR) has a ROA % of 14.90% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on United Spirits and its competitors. This is 72% above median its historical median of 8.64. Over the past decade, United Spirits' ROA % has ranged from 1.16 to 13.40. According to the industry distribution chart, United Spirits ranks #19 out of 214 companies in the Beverages - Alcoholic industry, placing it in the top 8.9%.
Is United Spirits' ROA % too high?
United Spirits' current ROA % of 14.90% is 72% above median its 10-year median of 8.64. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 13.40. The Beverages - Alcoholic industry median ROA % is 2.86. United Spirits' value of 14.90% is 421% above this industry median. Based on the distribution chart, United Spirits ranks #19 out of 214 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, United Spirits has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Spirits' ROA % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, United Spirits ranks #19 out of 214 companies for ROA %. This places United Spirits in the top 9% of its industry — outperforming the majority of peers. The industry median ROA % is 2.86. United Spirits' value of 14.90% is 421% above this benchmark. Historically, United Spirits' own ROA % has ranged from 1.16 to 13.40 over the past decade. While the company's 10-year median is 8.64 vs. the industry median of 2.86, United Spirits has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Beverages - Alcoholic company?
The median ROA % among Beverages - Alcoholic companies is 2.86, based on 214 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Spirits's current ROA % of 14.90% is 421% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on United Spirits and its competitors. For the Beverages - Alcoholic industry, the median ROA % is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Spirits's current ROA % is 14.90%, which is 72% above median its own 10-year median of 8.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Spirits stock overvalued right now?
Based on GuruFocus' analysis, United Spirits (NSE:UNITDSPR) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,400.68, compared to a current price of ₹1,393.30 — trading 0.5% below its estimated fair value. The current ROA % is 14.90%, which is 72% above median its 10-year median of 8.64 and 421% above the Beverages - Alcoholic industry median of 2.86. United Spirits' overall GF Score™ is 92/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For United Spirits (NSE:UNITDSPR), the current ROA % is 14.90% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is United Spirits (NSE:UNITDSPR) Overvalued in 2026?
Based on GuruFocus' analysis, United Spirits stock appears to be undervalued.
The current stock price of ₹1,393.30 is trading 0.5% below its estimated GF Value™ of ₹1,400.68.
GuruFocus considers United Spirits to be Fairly Valued.
Key valuation signals for NSE:UNITDSPR:
ROA %: 14.90% (72% above median its 10-year median of 8.64)
GF Value™: ₹1,400.68 vs. price of ₹1,393.30 (0.5% below fair value)
Industry Position: 421% above the Beverages - Alcoholic median (#19 of 214)
No single metric tells the full story. See the NSE:UNITDSPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Spirits Ltd manufactures and sells spirits, beer, wine, and other alcoholic beverages. The company is engaged in the business of manufacture, purchase, and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and strategic franchising of some of its brands. Its brand portfolio consists of McDowell's No.1, Royal Challenge, Black Dog, Signature, Antiquity, Director's Special Black, McDowell's Rum, McDowell's Brandy, Bagpiper, Old Tavern, and Haywards among others. Geographically, the firm generates a majority of its revenue from India. The company's segment includes: Beverage alcohol; and Sports. It derives maximum revenue from Beverage alcohol that manufacture, purchase, franchise and sale of beverage alcohol and other allied spirits.
92GF Score
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