Fratelli Vineyards Ltd
Fratelli Vineyard is engaged in the business of manufacturing, importing, exporting, processing and selling of wines and alcoholic beverages[1]
- Market Cap ₹ 574 Cr.
- Current Price ₹ 132
- High / Low ₹ 388 / 102
- Stock P/E
- Book Value ₹ 36.1
- Dividend Yield 0.00 %
- ROCE -3.35 %
- ROE -15.6 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.66 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last 3 years: -16.9%
- Working capital days have increased from 79.0 days to 113 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 416 | 464 | 488 | 295 | 245 | 421 | 276 | 188 | |
| 405 | 458 | 478 | 293 | 243 | 392 | 282 | 202 | |
| Operating Profit | 11 | 6 | 9 | 1 | 1 | 29 | -6 | -14 |
| OPM % | 3% | 1% | 2% | 1% | 1% | 7% | -2% | -7% |
| 3 | 6 | 2 | 2 | 4 | 3 | 4 | 4 | |
| Interest | 5 | 10 | 7 | 4 | 4 | 14 | 14 | 13 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 7 | 7 | 8 |
| Profit before tax | 6 | -0 | 2 | -4 | -2 | 12 | -23 | -30 |
| Tax % | 42% | -16% | 19% | -27% | -16% | 28% | -25% | |
| 3 | -0 | 2 | -3 | -1 | 9 | -17 | -22 | |
| EPS in Rs | -0.37 | 2.03 | -3.64 | -1.91 | -0.18 | -3.23 | -5.18 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | % |
| TTM: | -64% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -1028% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 41% |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 9 | 9 | 9 | 9 | 9 | 43 |
| Reserves | 24 | 21 | 23 | 20 | 18 | 14 | 113 |
| 68 | 72 | 24 | 36 | 26 | 138 | 121 | |
| 22 | 24 | 24 | 22 | 16 | 187 | 56 | |
| Total Liabilities | 120 | 126 | 79 | 87 | 68 | 348 | 334 |
| 34 | 31 | 28 | 25 | 1 | 61 | 90 | |
| CWIP | 1 | 1 | 1 | 1 | 0 | 5 | 8 |
| Investments | 3 | 4 | 4 | 4 | 4 | 1 | 0 |
| 82 | 90 | 46 | 57 | 63 | 281 | 235 | |
| Total Assets | 120 | 126 | 79 | 87 | 68 | 348 | 334 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 8 | -1 | 51 | -13 | 3 | 7 | -7 | |
| -15 | 7 | 6 | 2 | -1 | -21 | -33 | |
| 5 | -5 | -54 | 8 | -4 | 25 | 25 | |
| Net Cash Flow | -1 | 1 | 3 | -3 | -2 | 11 | -15 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 9 | 42 | 14 | 21 | 14 | 117 | 145 |
| Inventory Days | 48 | 10 | 7 | 29 | 54 | 137 | 220 |
| Days Payable | 4 | 7 | 9 | 7 | 20 | 82 | 60 |
| Cash Conversion Cycle | 53 | 44 | 12 | 43 | 48 | 172 | 306 |
| Working Capital Days | -5 | 2 | 4 | 11 | 28 | 45 | 113 |
| ROCE % | 9% | 10% | 1% | 4% | -3% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15h - Earnings call Nov 18, 2025 4:00 PM IST for Q2 & H1 FY26 results.
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Announcement under Regulation 30 (LODR)-Allotment
1d - Allotment of 44,500 shares to promoter on Nov 12, 2025 at Rs300; total consideration Rs1.33Cr.
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Board Meeting Intimation for Intimation Of Meeting Of The Board Of Fratelli Vineyards Limited [Formerly Known As Tinna Trade Limited] ('The Company') Scheduled To Be Held On Friday, November 14, 2025
10 Nov - Board meeting on Nov 14, 2025 to approve Q2 results and propose voluntary delisting from Calcutta Stock Exchange.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Oct - Promoters converted 150,000 warrants at Rs300; paid Rs225/share (Rs3.375 crore) on Oct 28, 2025.
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Announcement under Regulation 30 (LODR)-Allotment
28 Oct - Allotment of 150,000 shares at Rs300; paid-up capital Rs43.42Cr; Rs12Cr unsecured loan to subsidiary at 10%.
Annual reports
Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT REC
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Apr 2025TranscriptNotesPPTREC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
History[1]
Tinna Trade Limited (earlier name of the company) initially specialized in trading agricultural commodities but faced challenges due to volatile global markets and geopolitical uncertainties. In FY25, they pivoted towards a transformative business model by acquiring Fratelli Wines Ltd., a leading Indian winemaker with a diverse portfolio. Rebranded as Fratelli Vineyards Limited, they are now dedicated to winemaking, vineyard tourism, and expanding its presence in the premium Indian wine market.