United Breweries (NSE:UBL) ROCE %: 12.48% (As of Mar. 2026)


NSE:UBL United Breweries Ltd NSE:UBL
74 GF Score
Price ₹1,328.80
GF Value ₹2,162.20
Valuation Significantly Undervalued
! 4 Warning Signs
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What is United Breweries ROCE %?

United Breweries NSE:UBL -0.58% 74 ROCE % is 12.48% as of Mar. 2026. GuruFocus rates NSE:UBL with a GF Score™ of 74/100 and a GF Value™ of ₹2,162.20 (Significantly Undervalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. United Breweries's annualized ROCE % for the quarter that ended in Mar. 2026 was 12.48%.

United Breweries  (NSE:UBL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

United Breweries ROCE % Related Terms

United Breweries ROCE % Historical Data

* Premium members only.

The historical data trend for United Breweries's ROCE % 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.

United Breweries ROCE % Chart

United Breweries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.24 10.57 13.56 14.27 13.94

United Breweries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.43 23.34 7.18 13.30 12.48
NSE:UBL
74GF Score
United Breweries Ltd NSE:UBL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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United Breweries ROCE % Calculation

United Breweries's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=6340.1/( ( (82227.9 - 37830.1) + (96925.7 - 50331.5) )/ 2 )
=6340.1/( (44397.8+46594.2)/ 2 )
=6340.1/45496
=13.94 %

United Breweries's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=5814.4/( ( (0 - 0) + (96925.7 - 50331.5) )/ 1 )
=5814.4/( ( 0 + 46594.2 )/ 1 )
=5814.4/46594.2
=12.48 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 12.48% mean?
United Breweries (NSE:UBL) has a ROCE % of 12.48% as of Mar. 2026.
Is United Breweries' ROCE % too high?
United Breweries' current ROCE % is 12.48%. The Beverages - Alcoholic industry median ROCE % is 7.59. United Breweries' value of 12.48% is 64.5% above this industry median. Overall, United Breweries has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Breweries' ROCE % compare to STZ and TAP?
United Breweries' ROCE % of 12.48% can be compared against companies in the Beverages - Alcoholic industry. The industry median ROCE % is 7.59. United Breweries' value of 12.48% is 64.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Beverages - Alcoholic company?
The median ROCE % among Beverages - Alcoholic companies is 7.59, based on 208 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Breweries's current ROCE % of 12.48% is 64.5% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Beverages - Alcoholic industry, the median ROCE % is 7.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Breweries's current ROCE % is 12.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Breweries stock overvalued right now?
Based on GuruFocus' analysis, United Breweries (NSE:UBL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,162.20, compared to a current price of ₹1,328.80 — trading 38.5% below its estimated fair value. The current ROCE % is 12.48% and 64.5% above the Beverages - Alcoholic industry median of 7.59. United Breweries' overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For United Breweries (NSE:UBL), the current ROCE % is 12.48% 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 Breweries (NSE:UBL) Overvalued in 2026?

Based on GuruFocus' analysis, United Breweries stock appears to be undervalued. The current stock price of ₹1,328.80 is trading 38.5% below its estimated GF Value™ of ₹2,162.20. GuruFocus considers United Breweries to be Significantly Undervalued.

Key valuation signals for NSE:UBL:

  • ROCE %: 12.48%
  • GF Value™: ₹2,162.20 vs. price of ₹1,328.80 (38.5% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 64.5% above the Beverages - Alcoholic median

No single metric tells the full story. See the NSE:UBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

United Breweries Business Description

Other Exchanges 532478:India
Address No. 24, Vittal Mallya Road, UB Tower, UB City, Bengaluru, KA, IND, 560001
United Breweries Ltd brews and sells beer and flavored malt beverages in India. The company has dozens of production facilities in India, and it licenses its brands to be manufactured in the United Kingdom, Australia, and New Zealand. The company's flagship brand is Kingfisher, which is prominent in India and is sold in dozens of countries around the world. It has two segments Beer and Non-alcoholic beverages. It derives the majority of its revenue from the Beer segment. The company's other brands include Bullet, Cannon 10000, Kalyani, UB Export, Zingaro, London Pilsner, and Heineken among others. Geographically, it derives key revenue from its business in India and the rest from other regions.
74GF Score

Get the complete analysis for NSE:UBL

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,328.80
Price
₹2,162.20
GF Value