Case study

UBL

United Breweries

Tread carefully1y model -22.1%

Each stock's 10,000-path forecast, rendered as light.

0Score

United Breweries (UBL) Stock Analysis & Case Study

Is UBL a good buy? The data-driven verdict.

United Breweries (UBL) trades at ₹1,340,on the numbers it tread carefully, a Downstox Snapshot Score of 30/100.

On the numbers, United Breweries (UBL) tread carefully, a Downstox Snapshot Score of 30/100, weighing expensive at 94.7× earnings, ROE of 8.4%, a 14% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

UBL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹35,429 Cr
Current price
₹1,340
P/E ratio
94.7×
P/B ratio
7.84×
Book value
₹171
Dividend yield
0.75%
ROCE
10.7%
ROE
8.4%
Piotroski F-Score
4/9

Is UBL overvalued? UBL P/E vs its sector

UBL's P/E of 94.7× sits above the sector peer median of 15.9×, so on earnings it screens richer than peers, while its 0.75% dividend yield is below the peer median of 1.65%.

UBL P/E
94.7×
Peer median P/E
15.9×
UBL div yield
0.75%
Peer median yield
1.65%

UBL share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of UBL history (-22%/yr drift, 23%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
UBL 2027₹778₹1,045₹1,406-22%
UBL 2028₹536₹811₹1,242-40%
UBL 2029₹378₹629₹1,057-53%
UBL 2030₹269₹486₹884-64%
UBL 2031₹194₹381₹733-72%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability UBL goes up, or doubles?

14%
Higher in 1 year
Modelled chance the price is above today in 12 months
1%
Higher in 5 years
Modelled chance the price is above today in 5 years
0%
Doubles in 5 years
Modelled chance of reaching ₹2,684 within 5 years

The bull case for UBL

  • Relatively low volatility (23%/yr), a steadier ride than the typical mid/small-cap.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,057.

The bear case & risks

  • A rich 94.7× P/E leaves a thin margin of safety if growth slows.
  • Return on equity is a soft 8.4%, capital efficiency trails higher-quality peers.
  • The probability model is cautious 12 months out, only a 14% chance of finishing above today's price.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹378.

UBL volatility & expected range, how bumpy is the ride?

Over the last 2.0 years UBL compounded at -22%/year with annualized volatility of 23%. That volatility implies a 1-year 80% range of ₹778₹1,406, the honest backbone behind any single price target.

UBL price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
22.1%
80% range₹778–₹1,406
P(price ↑)14%
P(price 2×)0%
3-Year Forecast
2029
₹0
Median (P50)
53.2%
80% range₹378–₹1,057
P(price ↑)3%
P(price 2×)0%
5-Year Forecast
2031
₹0
Median (P50)
71.6%
80% range₹194–₹733
P(price ↑)1%
P(price 2×)0%

UBL price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
UBL simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds UBL hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the UBL price target & forecast page.

UBL Piotroski F-Score: 4/9, how financially strong is it?

4/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. UBL scores 4/9,mixed financial health.

UBL MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy UBL with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
UpstoxCHEAPEST26.6%3.8×
ZerodhaCHEAPEST26.6%3.8×
DhanCHEAPEST26.6%3.8×

Compare every broker on the UBL MTF page.

Which ace investors hold UBL?

Held by 1 tracked superstar investor (from public NSE/BSE disclosures):

UBL vs peers,sector comparison

StockP/EDiv yieldMarket cap
UBL (this stock)94.7×0.75%₹35,429 Cr
RELIANCE23.1×0.45%₹17.95L Cr
TCS14.7×3.01%₹7.69L Cr
HDFCBANK15.9×1.65%₹12.11L Cr
INFY14.4×4.51%₹4.32L Cr
ICICIBANK17.9×0.81%₹9.70L Cr
SBIN11.5×1.67%₹9.61L Cr

About United Breweries: sector, index & market-cap context

United Breweries (UBL) is a mid-cap NSE-listed company, and a constituent of the Nifty 100 index group, with a market capitalisation of ₹35,429 Cr. See more Nifty 100 stocks.

How the UBL Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of United Breweries's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

UBL analysis, FAQs

Is United Breweries (UBL) a good buy?

On the numbers, United Breweries (UBL) tread carefully, a Downstox Snapshot Score of 30/100, weighing expensive at 94.7× earnings, ROE of 8.4%, a 14% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is UBL overvalued or undervalued?

UBL trades at 94.7× earnings versus a peer median of 15.9×, so it screens richer than its sector peers.

What is the UBL share price target for 2031?

UBL's probability-weighted 2031 median target is ₹381, with an 80% range of ₹194₹733 (10,000-path Monte-Carlo).

What is the probability UBL doubles in 5 years?

The modelled probability of UBL reaching ₹2,684 (2×) within 5 years is 0%.

What is the bull case for UBL?

Relatively low volatility (23%/yr), a steadier ride than the typical mid/small-cap.

What are the risks in UBL?

A rich 94.7× P/E leaves a thin margin of safety if growth slows. Return on equity is a soft 8.4%, capital efficiency trails higher-quality peers. The probability model is cautious 12 months out, only a 14% chance of finishing above today's price.

More on UBL