WEBSITE BSE:543711 NSE: SULA Inc. Year: 2003 Industry: Breweries & Distilleries
Last updated: 15:56
Sula Vineyards Ltd is an Indian wine producer and hospitality company located in the Nashik region of Maharashtra, India. Founded in 1999 by Rajeev Samant, the company has grown to become one of the largest and most popular wine brands in India, producing a variety of red, white, rosé, and sparkling wines. Sula Vineyards operates a large winery and vineyard that spans over 3000 acres, and has tasting rooms, restaurants, and hotels on its premises. The company also exports its wines to several countries, including the United States, Canada, ...Read More
Sula Vineyards Ltd is an Indian wine producer and hospitality company located in the Nashik region of Maharashtra, India. Founded in 1999 by Rajeev Samant, the company has grown to become one of the largest and most popular wine brands in India, producing a variety of red, white, rosé, and sparkling wines. Sula Vineyards operates a large winery and vineyard that spans over 3000 acres, and has tasting rooms, restaurants, and hotels on its premises. The company also exports its wines to several countries, including the United States, Canada, Europe, and Asia. In addition to its wine production and hospitality operations, Sula Vineyards is also committed to sustainable and socially responsible practices. The company has implemented several initiatives to reduce its carbon footprint and promote the welfare of its employees and surrounding communities. ...Read Less
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Market Cap ₹1638 Cr.
Stock P/E 23.3
P/B 2.9
Current Price ₹194
Book Value ₹ 67
Face Value 2
52W High ₹373.5
Dividend Yield 1.86%
52W Low ₹ 191.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 117 | 143 | 218 | 132 | 128 | 141 | 217 | 133 | 118 | 140 |
| Other Income | 2 | 1 | 1 | 4 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Income | 118 | 144 | 219 | 136 | 130 | 142 | 218 | 134 | 119 | 140 |
| Total Expenditure | 86 | 99 | 146 | 102 | 94 | 108 | 164 | 105 | 100 | 114 |
| Operating Profit | 32 | 45 | 73 | 33 | 35 | 34 | 54 | 29 | 19 | 26 |
| Interest | 5 | 7 | 8 | 6 | 7 | 8 | 8 | 7 | 8 | 9 |
| Depreciation | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 19 | 31 | 57 | 19 | 19 | 18 | 37 | 14 | 3 | 8 |
| Provision for Tax | 5 | 8 | 14 | 5 | 5 | 4 | 9 | 1 | 1 | 2 |
| Profit After Tax | 14 | 23 | 43 | 14 | 15 | 14 | 28 | 13 | 2 | 6 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 14 | 23 | 43 | 14 | 15 | 14 | 28 | 13 | 2 | 6 |
| Adjusted Earnings Per Share | 1.6 | 2.7 | 5.1 | 1.6 | 1.7 | 1.7 | 3.3 | 1.5 | 0.2 | 0.7 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 273 | 336 | 322 | 379 | 500 | 485 | 386 | 424 | 517 | 568 | 579 | 608 |
| Other Income | 2 | 1 | 1 | 2 | 2 | 2 | 4 | 3 | 3 | 8 | 4 | 4 |
| Total Income | 275 | 338 | 323 | 381 | 502 | 487 | 390 | 427 | 520 | 575 | 583 | 611 |
| Total Expenditure | 234 | 286 | 281 | 326 | 432 | 436 | 325 | 311 | 359 | 392 | 430 | 483 |
| Operating Profit | 42 | 51 | 42 | 55 | 70 | 50 | 65 | 116 | 161 | 184 | 153 | 128 |
| Interest | 3 | 7 | 12 | 17 | 25 | 33 | 33 | 23 | 21 | 26 | 30 | 32 |
| Depreciation | 9 | 10 | 12 | 15 | 20 | 35 | 26 | 24 | 26 | 32 | 35 | 36 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 30 | 34 | 17 | 22 | 26 | -17 | 3 | 70 | 114 | 126 | 88 | 62 |
| Provision for Tax | 11 | 14 | 8 | 10 | 19 | -4 | 0 | 17 | 30 | 32 | 18 | 13 |
| Profit After Tax | 19 | 20 | 9 | 12 | 7 | -14 | 3 | 52 | 84 | 93 | 70 | 49 |
| Adjustments | -0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 19 | 20 | 9 | 12 | 7 | -13 | 3 | 52 | 84 | 93 | 70 | 49 |
| Adjusted Earnings Per Share | 2.5 | 2.8 | 1.2 | 1.7 | 1 | -1.8 | 0.3 | 6.6 | 10 | 11.1 | 8.3 | 5.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 2% | 11% | 4% | 8% |
| Operating Profit CAGR | -17% | 10% | 25% | 14% |
| PAT CAGR | -25% | 10% | 0% | 14% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -47% | -23% | NA% | NA% |
| ROE Average | 12% | 16% | 13% | 8% |
| ROCE Average | 14% | 18% | 15% | 11% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 249 | 266 | 308 | 317 | 323 | 300 | 305 | 395 | 532 | 550 | 586 |
| Minority's Interest | 0 | 0 | 0 | 0 | 3 | 2 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 3 | 2 | 20 | 25 | 59 | 79 | 59 | 48 | 54 | 52 | 68 |
| Other Non-Current Liabilities | 12 | 15 | 20 | 22 | 28 | 46 | 36 | 25 | 24 | 39 | 125 |
| Total Current Liabilities | 114 | 198 | 265 | 307 | 358 | 419 | 338 | 290 | 329 | 385 | 381 |
| Total Liabilities | 377 | 481 | 613 | 671 | 772 | 847 | 752 | 759 | 939 | 1026 | 1160 |
| Fixed Assets | 140 | 165 | 254 | 279 | 325 | 355 | 318 | 361 | 413 | 454 | 495 |
| Other Non-Current Assets | 14 | 18 | 35 | 38 | 56 | 22 | 27 | 27 | 44 | 70 | 121 |
| Total Current Assets | 224 | 298 | 324 | 354 | 391 | 470 | 375 | 371 | 482 | 502 | 544 |
| Total Assets | 377 | 481 | 613 | 671 | 772 | 847 | 752 | 759 | 939 | 1026 | 1160 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 8 | 10 | 16 | 14 | 3 | 37 | 41 | 10 | 16 | 97 |
| Cash Flow from Operating Activities | 10 | 8 | 2 | 13 | 15 | 45 | 120 | 87 | 90 | 121 | 58 |
| Cash Flow from Investing Activities | -66 | -30 | -55 | -59 | -56 | -44 | -22 | -57 | -74 | -43 | -75 |
| Cash Flow from Financing Activities | 64 | 25 | 59 | 44 | 30 | 33 | -94 | -61 | -9 | 2 | -74 |
| Net Cash Inflow / Outflow | 8 | 2 | 6 | -2 | -11 | 34 | 3 | -31 | 6 | 81 | -90 |
| Closing Cash & Cash Equivalent | 8 | 10 | 16 | 14 | 3 | 37 | 41 | 10 | 16 | 97 | 7 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 2.53 | 2.77 | 1.19 | 1.68 | 0.96 | -1.76 | 0.33 | 6.63 | 9.98 | 11.06 | 8.32 |
| CEPS(Rs) | 3.75 | 4.15 | 2.89 | 3.75 | 3.59 | 2.86 | 3.78 | 9.64 | 13.05 | 14.8 | 12.46 |
| DPS(Rs) | 0.1 | 0.4 | 0.4 | 1 | 0.6 | 0.6 | 0 | 4.9 | 8.35 | 8.5 | 3.6 |
| Book NAV/Share(Rs) | 33.72 | 36.04 | 41.71 | 42.86 | 42.86 | 39.76 | 40.24 | 49.96 | 63.08 | 65.02 | 68.91 |
| Core EBITDA Margin(%) | 14.14 | 14.85 | 11.26 | 12.28 | 12.34 | 9.24 | 14.58 | 24.96 | 28.45 | 28.89 | 24.07 |
| EBIT Margin(%) | 11.73 | 12.2 | 8.06 | 9.11 | 9.09 | 2.93 | 8.75 | 20.37 | 24.4 | 24.96 | 19.05 |
| Pre Tax Margin(%) | 10.54 | 10.07 | 4.74 | 5.21 | 4.68 | -3.28 | 0.76 | 15.32 | 20.6 | 20.67 | 14.26 |
| PAT Margin (%) | 6.61 | 6.05 | 2.43 | 2.86 | 1.29 | -2.55 | 0.67 | 11.49 | 15.19 | 15.33 | 11.33 |
| Cash Profit Margin (%) | 9.79 | 9.07 | 5.89 | 6.4 | 4.84 | 4.06 | 6.82 | 16.69 | 19.86 | 20.53 | 16.98 |
| ROA(%) | 4.92 | 4.74 | 1.6 | 1.92 | 1 | -1.67 | 0.35 | 6.91 | 9.9 | 9.5 | 6.42 |
| ROE(%) | 7.51 | 7.95 | 3.07 | 3.97 | 2.25 | -4.35 | 0.93 | 14.98 | 18.19 | 17.28 | 12.42 |
| ROCE(%) | 10.93 | 12.49 | 7.03 | 7.77 | 8.74 | 2.42 | 5.74 | 15.03 | 20.04 | 19.31 | 13.62 |
| Receivable days | 80.78 | 81.18 | 105.17 | 116.36 | 109.39 | 114.63 | 121.38 | 93.68 | 73.84 | 85.2 | 119.04 |
| Inventory Days | 129.98 | 115.37 | 128.99 | 115.93 | 94.96 | 113.23 | 137.66 | 123.11 | 112.48 | 112.95 | 121.96 |
| Payable days | 157.74 | 140.62 | 155.22 | 209.01 | 151.66 | 161.03 | 201.41 | 296.26 | 324.02 | 386.65 | 356.54 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36.86 | 49.83 | 32.39 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.83 | 8.47 | 3.91 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.27 | 1.54 | 1.34 |
| EV/Net Sales(x) | 0.22 | 0.28 | 0.5 | 0.59 | 0.6 | 0.71 | 0.69 | 0.53 | 6.3 | 8.53 | 4.41 |
| EV/Core EBITDA(x) | 1.42 | 1.84 | 3.85 | 4.09 | 4.29 | 6.79 | 4.1 | 1.94 | 20.23 | 26.39 | 16.71 |
| Net Sales Growth(%) | 0 | 23.04 | -4.26 | 17.75 | 31.94 | -2.98 | -20.46 | 9.97 | 21.7 | 9.92 | 2.01 |
| EBIT Growth(%) | 0 | 24.46 | -29.2 | 35.34 | 28.5 | -69.33 | 135.97 | 152.82 | 46.08 | 12.49 | -22.33 |
| PAT Growth(%) | 0 | 9.52 | -56.93 | 40.97 | -41.9 | -288.14 | 120.77 | 1758.79 | 61.2 | 11.02 | -24.77 |
| EPS Growth(%) | 0 | 9.48 | -56.93 | 40.59 | -42.99 | -284.1 | 118.97 | 1885.48 | 50.39 | 10.82 | -24.77 |
| Debt/Equity(x) | 0.22 | 0.34 | 0.53 | 0.71 | 0.91 | 1.23 | 0.99 | 0.58 | 0.36 | 0.55 | 0.51 |
| Current Ratio(x) | 1.96 | 1.51 | 1.22 | 1.15 | 1.09 | 1.12 | 1.11 | 1.28 | 1.47 | 1.3 | 1.43 |
| Quick Ratio(x) | 1.08 | 0.94 | 0.69 | 0.72 | 0.65 | 0.71 | 0.68 | 0.72 | 0.92 | 0.79 | 0.86 |
| Interest Cover(x) | 9.85 | 5.72 | 2.42 | 2.34 | 2.06 | 0.47 | 1.1 | 4.03 | 6.41 | 5.81 | 3.98 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 | 0.06 | 0.13 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 26.27 | 26.27 | 26.18 | 25.47 | 24.66 | 24.66 | 24.66 | 24.36 | 24.35 | 24.35 |
| FII | 20.62 | 19.69 | 13.85 | 12.03 | 10.6 | 9.61 | 7.96 | 6.68 | 4.05 | 1.65 |
| DII | 17.52 | 19.56 | 22.62 | 22.23 | 21.68 | 19.89 | 18.26 | 18.24 | 18 | 17.77 |
| Public | 35.59 | 34.48 | 37.36 | 40.27 | 43.06 | 45.84 | 49.12 | 50.72 | 53.59 | 56.23 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.22 | 2.22 | 2.21 | 2.15 | 2.08 | 2.08 | 2.08 | 2.06 | 2.06 | 2.06 |
| FII | 1.74 | 1.66 | 1.17 | 1.02 | 0.89 | 0.81 | 0.67 | 0.56 | 0.34 | 0.14 |
| DII | 1.48 | 1.65 | 1.91 | 1.88 | 1.83 | 1.68 | 1.54 | 1.54 | 1.52 | 1.5 |
| Public | 3 | 2.91 | 3.15 | 3.4 | 3.63 | 3.87 | 4.15 | 4.28 | 4.52 | 4.75 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8.44 | 8.44 | 8.44 | 8.44 | 8.44 | 8.44 | 8.44 | 8.44 | 8.44 | 8.44 |
* The pros and cons are machine generated.
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