Sula Vineyards Ltd

Sula Vineyards Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sula Vineyards Ltd

₹ 267 3.07%
22 Aug - close price
sulavineyards.com BSE: 543711 NSE: SULA
About

Incorporated in 2003, Sula Vineyards Limited is India's largest wine producer and seller as of March 31, 2022. The company also distributes wines under a bouquet of popular brands including "RASA," "Dindori", "The source," "Satori", "Madera" & "Dia" with its flagship brand "Sula" being the "category creator" of wine in India.[1]

Key Points

Business segments[1]
i) Production of wine, import and distribution of wines and spirits
ii) Sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms

Website BSE NSE
  • Market Cap ₹ 2,257 Cr.
  • Current Price ₹ 267
  • High / Low ₹ 511 / 243
  • Stock P/E 39.2
  • Book Value ₹ 69.5
  • Dividend Yield 1.35 %
  • ROCE 13.2 %
  • ROE 12.3 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 68.0%

Cons

  • The company has delivered a poor sales growth of 3.60% over past five years.
  • Promoter holding is low: 24.4%
  • Debtor days have increased from 113 to 148 days.
  • Working capital days have increased from 61.5 days to 92.2 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.

Peer comparison

Fast Moving Consumer Goods Fast Moving Consumer Goods Beverages Breweries & Distilleries

Part of BSE Fast Moving Consumer Goods BSE SmallCap BSE Allcap Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
92.18 120.06 190.74 113.38 108.49 133.69 203.04 122.52 120.93 132.36 200.15 125.71 109.64
66.92 82.72 126.71 82.56 78.14 89.49 131.19 93.06 86.97 98.76 147.10 97.25 91.34
Operating Profit 25.26 37.34 64.03 30.82 30.35 44.20 71.85 29.46 33.96 33.60 53.05 28.46 18.30
OPM % 27.40% 31.10% 33.57% 27.18% 27.97% 33.06% 35.39% 24.05% 28.08% 25.39% 26.51% 22.64% 16.69%
0.86 0.82 0.89 0.91 1.57 0.89 1.40 3.85 1.26 0.76 0.90 1.01 0.98
Interest 5.01 5.45 5.78 4.84 5.32 6.52 8.09 6.24 7.10 7.59 7.81 7.17 7.51
Depreciation 6.23 6.35 6.50 6.81 7.56 7.61 8.11 8.35 8.63 8.69 8.93 8.74 9.21
Profit before tax 14.88 26.36 52.64 20.08 19.04 30.96 57.05 18.72 19.49 18.08 37.21 13.56 2.56
Tax % 26.08% 26.06% 25.38% 29.08% 28.15% 25.42% 24.66% 27.62% 24.94% 19.91% 24.59% 3.91% 24.22%
11.00 19.49 39.28 14.24 13.68 23.09 42.98 13.55 14.63 14.48 28.06 13.03 1.94
EPS in Rs 1.35 2.39 4.67 1.69 1.62 2.74 5.09 1.61 1.73 1.72 3.32 1.54 0.23
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
485 386 424 516 568 579 568
432 322 311 358 392 430 434
Operating Profit 53 64 113 158 176 149 133
OPM % 11% 17% 27% 31% 31% 26% 23%
-2 -2 3 3 8 4 4
Interest 33 33 23 21 26 30 30
Depreciation 35 26 24 26 32 35 36
Profit before tax -17 3 70 114 126 88 71
Tax % -8% 5% 25% 26% 26% 21%
-16 3 52 84 93 70 58
EPS in Rs -10.42 1.98 6.63 9.98 11.06 8.32 6.81
Dividend Payout % 0% 126% 36% 84% 77% 43%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 11%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: 51%
3 Years: 10%
TTM: -39%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -45%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 16%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 15 15 16 17 17 17
Reserves 285 290 380 515 533 569
393 315 240 203 324 315
138 132 123 147 152 174
Total Liabilities 831 752 759 881 1,026 1,076
355 318 361 413 454 495
CWIP 0 0 1 2 5 6
Investments 0 0 0 0 0 0
476 434 396 466 567 575
Total Assets 831 752 759 881 1,026 1,076

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
45 120 87 90 121 58
-44 -22 -57 -74 -43 -75
33 -94 -61 -9 2 -74
Net Cash Flow 34 3 -31 6 81 -90

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 114 117 94 81 109 148
Inventory Days 334 404 764 775 924 877
Days Payable 161 164 318 356 390 374
Cash Conversion Cycle 287 357 541 501 643 651
Working Capital Days -2 3 52 85 8 92
ROCE % 6% 15% 20% 19% 13%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
27.33% 27.33% 27.27% 26.27% 26.27% 26.18% 25.47% 24.66% 24.66% 24.66% 24.35%
7.42% 5.86% 6.78% 20.61% 19.69% 13.85% 12.03% 10.60% 9.61% 7.97% 6.68%
8.86% 11.76% 10.23% 17.52% 19.56% 22.61% 22.23% 21.68% 19.89% 18.26% 18.25%
56.39% 55.06% 55.73% 35.60% 34.49% 37.36% 40.26% 43.04% 45.84% 49.11% 50.71%
No. of Shareholders 2,08,1381,51,8801,33,9571,53,1801,62,1092,10,0432,29,8802,38,8982,47,6952,61,8982,66,414

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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