Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 133.69 | 203.04 | 122.52 | 120.93 | 132.36 | 200.15 | 125.71 | 109.64 | 130.91 | 180.39 | 134.91 | 112.87 |
| Expenses | 89.49 | 131.19 | 93.06 | 86.97 | 98.76 | 147.10 | 97.25 | 91.34 | 105.45 | 148.44 | 107.17 | 96.27 |
| Operating Profit | 44.20 | 71.85 | 29.46 | 33.96 | 33.60 | 53.05 | 28.46 | 18.30 | 25.46 | 31.95 | 27.74 | 16.60 |
| OPM % | 33.06% | 35.39% | 24.05% | 28.08% | 25.39% | 26.51% | 22.64% | 16.69% | 19.45% | 17.71% | 20.56% | 14.71% |
| Other Income | 0.89 | 1.40 | 3.85 | 1.26 | 0.76 | 0.90 | 1.01 | 0.98 | 0.83 | -0.79 | 1.49 | 2.38 |
| Interest | 6.52 | 8.09 | 6.24 | 7.10 | 7.59 | 7.81 | 7.17 | 7.51 | 8.55 | 8.19 | 7.14 | 7.18 |
| Depreciation | 7.61 | 8.11 | 8.35 | 8.63 | 8.69 | 8.93 | 8.74 | 9.21 | 9.47 | 10.41 | 10.08 | 10.28 |
| Profit before tax | 30.96 | 57.05 | 18.72 | 19.49 | 18.08 | 37.21 | 13.56 | 2.56 | 8.27 | 12.56 | 12.01 | 1.52 |
| Tax % | 25.42% | 24.66% | 27.62% | 24.94% | 19.91% | 24.59% | 3.91% | 24.22% | 27.21% | 27.55% | 28.39% | 30.26% |
| Net Profit | 23.09 | 42.98 | 13.55 | 14.63 | 14.48 | 28.06 | 13.03 | 1.94 | 6.02 | 9.10 | 8.60 | 1.06 |
| EPS in Rs | 2.74 | 5.09 | 1.61 | 1.73 | 1.72 | 3.32 | 1.54 | 0.23 | 0.71 | 1.08 | 1.02 | 0.13 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 485 | 386 | 424 | 516 | 568 | 579 | 556 | 559 |
| Expenses | 432 | 322 | 311 | 358 | 392 | 430 | 452 | 457 |
| Operating Profit | 53 | 64 | 113 | 158 | 176 | 149 | 104 | 102 |
| OPM % | 11% | 17% | 27% | 31% | 31% | 26% | 19% | 18% |
| Other Income | -2 | -2 | 3 | 3 | 8 | 4 | 2 | 4 |
| Interest | 33 | 33 | 23 | 21 | 26 | 30 | 31 | 31 |
| Depreciation | 35 | 26 | 24 | 26 | 32 | 35 | 39 | 40 |
| Profit before tax | -17 | 3 | 70 | 114 | 126 | 88 | 35 | 34 |
| Tax % | -8% | 5% | 25% | 26% | 26% | 21% | 28% | |
| Net Profit | -16 | 3 | 52 | 84 | 93 | 70 | 26 | 25 |
| EPS in Rs | -10.42 | 1.98 | 6.63 | 9.98 | 11.06 | 8.32 | 3.04 | 2.94 |
| Dividend Payout % | -0% | 126% | 36% | 84% | 77% | 43% | 66% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 8% | 2% | -2% | ||
| Compounded Profit Growth | % | 32% | -32% | -55% | ||
| Stock Price CAGR | % | % | -34% | -49% | ||
| Return on Equity | % | 13% | 11% | 5% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 16 | 17 | 17 | 17 | 17 |
| Reserves | 285 | 290 | 380 | 515 | 533 | 569 | 571 |
| Borrowings | 393 | 315 | 240 | 203 | 324 | 315 | 333 |
| Other Liabilities | 138 | 132 | 123 | 147 | 152 | 174 | 169 |
| Total Liabilities | 831 | 752 | 759 | 881 | 1,026 | 1,076 | 1,089 |
| Fixed Assets | 355 | 318 | 361 | 413 | 454 | 495 | 512 |
| CWIP | 0 | 0 | 1 | 2 | 5 | 6 | 1 |
| Investments | 0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Other Assets | 476 | 434 | 396 | 466 | 567 | 575 | 576 |
| Total Assets | 831 | 752 | 759 | 881 | 1,026 | 1,076 | 1,089 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 45 | 120 | 87 | 90 | 121 | 58 | 101 |
| Cash from Investing Activity | -44 | -22 | -57 | -74 | -43 | -75 | -33 |
| Cash from Financing Activity | 33 | -94 | -61 | -9 | 2 | -74 | -67 |
| Net Cash Flow | 34 | 3 | -31 | 6 | 81 | -90 | -0 |
| Free Cash Flow | 1 | 104 | 42 | 21 | 63 | -7 | 69 |
| CFO/OP | 106% | 175% | 92% | 74% | 88% | 53% | 103% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 114 | 117 | 94 | 81 | 109 | 148 | 156 |
| Inventory Days | 334 | 404 | 764 | 775 | 924 | 877 | 609 |
| Days Payable | 161 | 164 | 318 | 356 | 390 | 374 | 290 |
| Cash Conversion Cycle | 287 | 357 | 541 | 501 | 643 | 651 | 474 |
| Working Capital Days | -2 | 3 | 52 | 85 | 8 | 95 | 101 |
| ROCE % | 6% | 15% | 20% | 19% | 13% | 8% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 26.27% | 26.27% | 26.18% | 25.47% | 24.66% | 24.66% | 24.66% | 24.35% | 24.35% | 24.35% | 24.55% | 24.62% |
| FIIs | 20.61% | 19.69% | 13.85% | 12.03% | 10.60% | 9.61% | 7.97% | 6.68% | 4.05% | 1.65% | 1.11% | 0.68% |
| DIIs | 17.52% | 19.56% | 22.61% | 22.23% | 21.68% | 19.89% | 18.26% | 18.25% | 18.01% | 17.78% | 17.30% | 16.22% |
| Public | 35.60% | 34.49% | 37.36% | 40.26% | 43.04% | 45.84% | 49.11% | 50.71% | 53.58% | 56.22% | 57.03% | 58.48% |
| No. of Shareholders | 1,53,180 | 1,62,109 | 2,10,043 | 2,29,880 | 2,38,898 | 2,47,695 | 2,61,898 | 2,66,414 | 2,73,146 | 2,69,331 | 2,61,232 | 2,62,927 |
Fundamentals
Market Cap₹ 1,112 Cr.
Current Price₹ 132
Stock P/E42.9
Book Value₹ 69.6
ROCE7.55 %
ROE4.61 %
Dividend Yield1.52 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)-55%
Consolidated figures.
Valuation
Market capRs 1,103 Cr
Enterprise valueRs 1,272 Cr
P/E (TTM)44.52x
Price to book2.07x
Price to sales1.97x
EV / EBITDA12.04x
EV / EBIT19.45x
EV / sales2.28x
Price to cash flow12.27x
Earnings yield2.25%
Dividend yield6.38%
P/E, 3-year average36.76x
P/B, 3-year average5.81x
Profitability
Operating margin (excl. other income)30.60%
Operating margin (incl. other income)31.16%
EBITDA margin18.90%
Pre-tax margin6.15%
Net profit margin4.43%
Net margin, latest quarter0.94%
ROE18.13%
ROCE19.72%
ROA10.25%
ROE, 3-year average11.34%
ROCE, 3-year average13.34%
ROA, 3-year average5.84%
ROIC (approx.)6.88%
Tax rate26.27%
Other income / net worth0.54%
Growth
Sales growth (latest year)21.70%
Profit growth (latest year)61.20%
Sales CAGR, 3 years2.10%
Sales growth QoQ-16.34%
Profit growth QoQ-87.67%
Sales growth YoY (latest quarter)2.95%
Profit growth YoY (latest quarter)-45.36%
Per share
EPS (TTM)Rs 2.94
EPS (latest year)Rs 9.98
EPS (latest quarter)Rs 0.13
EPS, 3-year averageRs 6.20
Book value per shareRs 63.14
Sales per shareRs 66.35
Cash flow per shareRs 10.67
Free cash flow per shareRs 8.19
Dividend per share (latest year)Rs 8.35
Dividend per share, 3-year averageRs 4.42
Dividends
Dividend payout83.70%
Dividend payout, 3-year average81.99%
Efficiency
Asset turnover0.59x
Fixed asset turnover1.25x
Inventory turnover0.95x
Inventory days384 days
Debtor days81 days
Debtors turnover4.51x
Creditor days290 days
Cash conversion cycle474 days
Working capital days101 days
Leverage
Total debtRs 203 Cr
Cash and bankRs 34 Cr
Net debtRs 169 Cr
Debt to equity0.38x
Net debt / EBITDA1.60x
Interest coverage2.11x
Current ratio (filing 2026-03-31)1.43x
Quick ratio (filing 2026-03-31)0.90x
Trade payables (filing 2026-03-31)Rs 96 Cr
Owners' fund to total sources60.37%
Debt to assets22.99%
Cash flow
Cash from Operating Activity (latest year)Rs 90 Cr
Cash from Investing Activity (latest year)Rs -74 Cr
Cash from Financing Activity (latest year)Rs -9 Cr
Net Cash Flow (latest year)Rs 6 Cr
Free cash flow (latest year)Rs 69 Cr
FCFE (approx.: FCF + change in debt)Rs 32 Cr
Cash from ops / profit, 5 years1.41x
Sales to cash flow5.74x
Statement figures
Net sales (TTM)Rs 559 Cr
Net sales (latest year)Rs 516 Cr
Sales (latest quarter)Rs 113 Cr
Operating profit excl. other income (latest year)Rs 158 Cr
Operating profit (latest quarter)Rs 17 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 106 Cr
PBDT (TTM)Rs 75 Cr
Profit before tax (TTM)Rs 34 Cr
Tax (latest year)Rs 30 Cr
Net profit (TTM)Rs 25 Cr
Net profit (latest year)Rs 84 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 40 Cr
Depreciation (latest quarter)Rs 10 Cr
Interest (TTM)Rs 31 Cr
Cost of goods sold (latest year)Rs 170 Cr
Total expenditure (latest year)Rs 358 Cr
Total income (latest year)Rs 519 Cr
Share capitalRs 17 Cr
ReservesRs 515 Cr
Shareholders' fundsRs 532 Cr
Total assetsRs 881 Cr
Net blockRs 413 Cr
Capital work in progressRs 2 Cr
ReceivablesRs 115 Cr
InventoryRs 179 Cr
Other liabilitiesRs 147 Cr
Shares outstanding (crore)8.43
Ownership
Promoter holding24.62% (+0.27 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 2.07 is the lowest in 3.4 years (median 8.13).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | SULA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.6% | -2.8% | -0.8 pts |
| 1 month | -11.9% | -6.8% | -5.1 pts |
| 3 months | -15.4% | -7.6% | -7.8 pts |
| 6 months | -6.0% | +0.4% | -6.4 pts |
| 1 year | -51.4% | -9.9% | -41.5 pts |
| 2 years | -73.1% | -13.6% | -59.5 pts |
| 3 years | -71.8% | +14.2% | -86.0 pts |
7 mutual fund schemes hold about ₹186 Cr.
Over three months 6 bought more and 1 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC Small Cap Fund | 0.21% | 88 | +9% |
| Quant Small Cap Fund | 0.09% | 33 | -30% |
| SBI Contra Fund | 0.06% | 30 | +13% |
| HDFC Large & Mid Cap Fund | 0.04% | 13 | +10% |
| SBI Consumption Opp Fund | 0.42% | 12 | +17% |
| HDFC Business Cycle Fund | 0.21% | 6 | +11% |
| HDFC Consumption Fund | 0.41% | 4 | +11% |
Red flags
F-score 7 of 8| explain | Share dilution Share count up 7% in a year, 462% in three |
| look | Regulator order or action Regulator order or action 2026-06-16: Sula Vineyards Limited has informed the Exchange about Action(s) taken or orders passed |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹113 Cr +2.9% vs Jun 2025.
Net profit ₹1 Cr -45.4%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| United Spirits Ltd | 99,138 | 53.5 | 26.4 % |
| Radico Khaitan Ltd | 58,473 | 82.3 | 24.2 % |
| United Breweries Ltd | 31,998 | 92.6 | 10.7 % |
| Allied Blenders & Distillers Ltd | 20,041 | 89.8 | 18.4 % |
| Tilaknagar Industries Ltd | 13,655 | 60.4 | 11.8 % |
| Piccadily Agro Industries Ltd | 5,942 | 42.3 | 18.0 % |
| Globus Spirits Ltd | 2,532 | 25.2 | 11.2 % |
| G M Breweries Ltd | 2,197 | 13.0 | 18.0 % |
| India Glycols Ltd | 2,043 | 6.44 | 12.4 % |
| Som Distilleries & Breweries Ltd | 1,645 | 5.67 % | |
| Associated Alcohols & Breweries Ltd | 1,271 | 15.4 | 18.0 % |
| Asgard Alcobev Ltd | 1,073 | 422 | 7.38 % |
| BCL Industries Ltd | 958 | 8.22 | 13.9 % |
| IFB Agro Industries Ltd | 844 | 13.1 | 13.3 % |
| Jagatjit Industries Ltd | 662 | 57.1 | 10.5 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-05-22 | Dividend - Rs 2 Per Share | |
| 2025-05-23 | Dividend - Rs 3.60 Per Share | |
| 2024-05-22 | Dividend - Rs 4.50 Per Share | |
| 2024-02-21 | Interim Dividend - Rs 4 Per Share | |
| 2023-05-15 | Dividend - Rs 5.25 Per Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Sula Vineyards Ltd?
Sula Vineyards Ltd (SULA) has a market capitalisation of Rs 1,112 Cr. at the 2026-10-01 close.
What is the P/E ratio of Sula Vineyards Ltd?
Sula Vineyards Ltd trades at a P/E of 42.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were Sula Vineyards Ltd's latest quarterly results?
In the Jun 2026 quarter, Sula Vineyards Ltd sales was Rs 113 Cr (+2.9% vs Jun 2025) and net profit was Rs 1 Cr.
What is the 52-week high and low of Sula Vineyards Ltd?
The 52-week high is Rs 266.65 and the 52-week low is Rs 131.55.