Sula Vineyards Ltd.

•

sulavineyards.comBSE: 543711NSE: SULA

Market Cap₹ 1,181 Cr.

Current Price

High / Low₹ 297 / 138

Stock P/E47.7

Book Value₹ 69

Price to Book2.03

Dividend Yield1.43 %

ROCE7.6 %

ROE4.4 %

Face Value₹ 2

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Company has delivered good profit growth of 55.7% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.48x)
Company has been maintaining a healthy dividend payout of 65.8%
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Recent results are weak - TTM profit is down 17.3% versus prior year
Operating margins have contracted to 17.4% from 29.1%
Company has delivered a poor sales growth of 7.6% over past five years
Growth is decelerating - 3Y profit CAGR (-32.7%) trails the 5Y trend (55.7%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsAlcoholBreweries & Distilleries

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	UNITDSPR	1404.25	54.21	102138.24	1.21	463.00	11.03	6122.00	-2.75	27.86	7.01
2.	RADICO	4429.50	84.35	59347.50	0.20	229.60	75.91	5867.69	10.43	22.64	6.07
3.	UBL	1267.45	84.71	33512.03	0.79	166.28	-9.65	5919.44	10.01	11.92	4.77
4.	ABDL	603.15	76.34	16870.72	0.90	45.42	-18.65	1809.15	1.85	18.53	6.38
5.	TI	529.60	0.00	13128.67	0.19	31.59	-64.31	2252.43	160.74	4.31	7.50
6.	PICCADIL	599.85	42.07	5912.85	0.17	214.35	1063.05	2705.03	1081.24	18.01	16.20
7.	TRUALT	420.50	24.29	3605.90	0.00	592.71	12444.13	6268.83	1962.85	10.57	21.18
8.	GLOBUSSPR	849.70	26.59	2673.27	0.77	26.48	49.69	1151.88	21.05	11.34	6.66
9.	GMBREW	917.40	13.36	2095.98	0.98	377.40	524.21	8029.00	1110.77	20.40	5.79
10.	SDBL	71.77	0.00	1492.11	0.00	1.56	-96.29	609.19	-31.13	18.52	2.46
11.	ASALCBR	685.90	16.67	1377.23	0.29	17.83	-24.60	286.30	5.96	18.06	10.43
12.	SULA	139.85	47.68	1180.99	1.43	1.06	-45.36	120.79	2.11	7.57	13.74

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	117	143	218	132	128	141	217	133	118	140	196	143	121
	86	99	146	102	94	108	164	105	100	114	164	115	122
Operating Profit	30	44	72	29	34	34	53	28	18	25	32	28	-1
OPM %	26.03%	30.95%	33.03%	22.37%	26.44%	23.79%	24.49%	21.38%	15.47%	18.23%	16.33%	19.45%	-0.71%
	2	1	1	4	1	1	1	1	1	1	-1	1	2
Interest	5	7	8	6	7	8	8	7	8	9	8	7	7
Depreciation	8	8	8	8	9	9	9	9	9	9	10	10	10
Profit before Tax	19	31	57	19	19	18	37	14	3	8	13	12	2
Tax %	28.15%	25.42%	24.66%	27.62%	24.94%	19.91%	24.59%	3.91%	24.22%	27.21%	27.55%	28.42%	30.26%
Net Profit	0	0	0	0	15	14	28	13	2	6	9	9	1
	1.62	2.74	5.09	1.61	1.73	1.72	3.32	1.55	0.23	0.71	1.08	1.02	0.13

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	322	379	500	485	386	424	516	568	579	556	599
	281	326	432	436	325	311	359	392	430	452	514
Operating Profit	41	53	69	49	61	113	157	176	149	103	84
OPM %	12.61%	13.98%	13.72%	10.08%	15.79%	26.69%	30.49%	30.97%	25.74%	18.61%	14.08%
	1	2	2	2	1	3	3	8	4	3	4
Interest	12	17	25	33	33	23	21	26	30	31	31
Depreciation	12	15	20	35	26	24	26	32	35	39	40
Profit before Tax	17	22	26	-17	3	70	114	126	88	35	34
Tax %	48.65%	45.06%	72.41%	22.34%	11.96%	25.02%	26.27%	25.81%	20.53%	27.52%	27.89%
Net Profit	9	12	7	-14	3	52	84	93	70	26	25
EPS	5.97	8.40	4.75	-8.82	0.37	6.79	10.18	11.06	8.32	3.04	—
Dividend Payout %	33.51%	59.59%	62.72%	-34.07%	0.00%	73.87%	83.70%	76.88%	43.28%	65.85%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 8%
3 Years:: 2%

COMPOUNDED PROFIT GROWTH

10 Years:: 2%
5 Years:: 59%
3 Years:: -33%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -34%
1 Year:: -52%

RETURN ON EQUITY

10 Years:: 7%
5 Years:: 13%
3 Years:: 11%
Last Year:: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	15	15	15	15	15	16	17	17	17	17
Minority Interest	0	0	3	2	0	0	0	0	0	0
	292	301	307	284	288	377	515	532	565	564
	162	225	292	387	311	235	198	287	278	290
Trade Payables	68	62	80	85	58	67	82	84	92	96
	77	69	75	73	79	63	128	107	207	227
Total Liabilities	613	671	772	847	752	759	939	1,026	1,160	1,194
	254	279	325	355	318	361	413	454	495	512
Capital Work in Progress	1	1	2	0	0	1	2	5	5	1
	142	132	157	171	144	162	179	198	216	201
	0	0	0	0	0	0	0	170	234	237
Cash & Bank	18	16	6	40	52	20	34	105	8	9
	197	243	282	280	238	214	311	95	201	233
Total Assets	613	671	772	847	752	759	939	1,026	1,160	1,194

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	17	30	56	112	104	118	121	58	101
Cash from Investing	-55	-59	-56	-44	-22	-57	-74	-43	-75	-33
Cash from Financing	59	44	30	33	-94	-61	-9	2	-74	-67
	6	-2	-11	34	3	-31	6	81	-90	-0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	25.47	24.66	24.66	24.66	24.36	24.35	24.35	24.55	24.62
	12.03	10.60	9.61	7.97	6.68	4.05	1.65	1.11	0.68
	22.23	21.68	19.89	18.25	18.24	18.00	17.77	17.30	16.22
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	40.27	43.06	45.84	49.12	50.72	53.59	56.23	57.04	58.48

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Sula Vineyards Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-07

Shareholders meeting

2026-09-07 - Sula Vineyards Limited has informed the Exchange regarding Notice of Postal Ballot

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Sula Vineyards Limited has informed the Exchange about Schedule of meet

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Sula Vineyards Limited has informed the Exchange about Transcript

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Sula Vineyards Limited has informed the Exchange about Link of Recording

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Sula Vineyards Limited has informed the Exchange about Schedule of meet

2026-08-07

Copy of Newspaper Publication

2026-08-07 - Sula Vineyards Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-06

Updates

2026-08-06 - Sula Vineyards Limited has informed the Exchange regarding 'Board Comments on the fine levied by NSE and BSE for Non-Compliance of SEBI (LODR) Regulations, 2015.'.

2026-08-06

Updates

2026-08-06 - Sula Vineyards Limited has informed the Exchange regarding 'Board Comments on the fine levied by NSE and BSE for Non-Compliance of SEBI (LODR) Regulations, 2015.'.

News

Recent coverage and analyst commentary for SULA

Loading news…

🤖

AI Stock Analyst

Sula Vineyards Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account