Sula Vineyards Ltd

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

Sula Vineyards Ltd

₹ 546 -1.36%
26 Apr - 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) The production of wine, the import of wines and spirits, and the distribution of wines and spirits (the "Wine Business");
ii) The sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the "Wine Tourism Business")

Website BSE NSE
  • Market Cap ₹ 4,611 Cr.
  • Current Price ₹ 546
  • High / Low ₹ 700 / 386
  • Stock P/E 49.1
  • Book Value ₹ 62.3
  • Dividend Yield 0.96 %
  • ROCE 19.8 %
  • ROE 18.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 82.0%

Cons

  • Stock is trading at 8.77 times its book value
  • Promoter holding is low: 26.2%
  • Company has a low return on equity of 12.9% over last 3 years.

* 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

Sector: Alcoholic Beverages Industry: Breweries & Distilleries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
171 106 92 120 191 113 108 134 203
115 78 67 83 127 82 78 89 131
Operating Profit 56 29 25 37 64 31 30 44 72
OPM % 33% 27% 27% 31% 34% 27% 28% 33% 35%
1 1 1 1 1 1 2 1 1
Interest 6 5 5 5 6 5 5 7 8
Depreciation 6 6 6 6 6 7 8 8 8
Profit before tax 45 19 15 26 53 20 19 31 57
Tax % 25% 27% 26% 26% 25% 29% 28% 25% 25%
34 14 11 19 39 14 14 23 43
EPS in Rs 4.37 1.73 1.35 2.39 4.67 1.69 1.62 2.74 5.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
485 386 424 516 558
432 322 311 358 381
Operating Profit 53 64 113 158 177
OPM % 11% 17% 27% 31% 32%
-2 -2 3 3 5
Interest 33 33 23 21 25
Depreciation 35 26 24 26 30
Profit before tax -17 3 70 114 127
Tax % 8% 5% 25% 26%
-16 3 52 84 94
EPS in Rs -10.42 1.98 6.63 9.97 11.14
Dividend Payout % 0% 126% 36% 84%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 2%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 109%
TTM: 13%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 42%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 15 15 16 17 17
Reserves 284 289 379 515 509
393 315 240 203 277
139 132 124 147 96
Total Liabilities 831 752 759 881 899
355 318 361 413 424
CWIP 0 0 1 2 2
Investments 0 0 0 0 0
476 434 396 466 473
Total Assets 831 752 759 881 899

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
45 120 87 88
-44 -22 -57 -73
33 -94 -61 -9
Net Cash Flow 34 3 -31 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 114 117 94 81
Inventory Days 334 404 764 775
Days Payable 161 164 318 356
Cash Conversion Cycle 287 357 541 501
Working Capital Days 220 236 212 185
ROCE % 6% 15% 20%

Shareholding Pattern

Numbers in percentages

14 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
27.33% 27.33% 27.27% 26.27% 26.27% 26.18%
7.42% 5.86% 6.78% 20.61% 19.69% 13.85%
8.86% 11.76% 10.23% 17.52% 19.56% 22.61%
56.39% 55.06% 55.73% 35.60% 34.49% 37.36%
No. of Shareholders 2,08,1381,51,8801,33,9571,53,1801,62,1092,10,043

* 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.

Documents

Announcements

Annual reports

DRHP

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