Sula Vineyards Ltd

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

Sula Vineyards Ltd

₹ 305 3.46%
16 May - 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 ₹ 2,577 Cr.
  • Current Price ₹ 305
  • High / Low ₹ 548 / 243
  • Stock P/E 36.7
  • Book Value ₹ 69.5
  • Dividend Yield 1.18 %
  • ROCE 13.3 %
  • ROE 12.4 %
  • 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: 24.7%
  • Debtor days have increased from 113 to 148 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

Sector: Alcoholic Beverages Industry: Breweries & Distilleries

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
106 92 120 191 113 108 134 203 123 121 132 200 126
78 67 83 127 83 78 89 131 93 87 99 147 97
Operating Profit 29 25 37 64 31 30 44 72 29 34 34 53 28
OPM % 27% 27% 31% 34% 27% 28% 33% 35% 24% 28% 25% 27% 23%
1 1 1 1 1 2 1 1 4 1 1 1 1
Interest 5 5 5 6 5 5 7 8 6 7 8 8 7
Depreciation 6 6 6 6 7 8 8 8 8 9 9 9 9
Profit before tax 19 15 26 53 20 19 31 57 19 19 18 37 14
Tax % 27% 26% 26% 25% 29% 28% 25% 25% 28% 25% 20% 25% 4%
14 11 19 39 14 14 23 43 14 15 14 28 13
EPS in Rs 1.73 1.35 2.39 4.67 1.69 1.62 2.74 5.09 1.61 1.73 1.72 3.32 1.54
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
485 386 424 516 568 579
432 322 311 358 392 430
Operating Profit 53 64 113 158 176 149
OPM % 11% 17% 27% 31% 31% 26%
-2 -2 3 3 8 4
Interest 33 33 23 21 26 30
Depreciation 35 26 24 26 32 35
Profit before tax -17 3 70 114 126 88
Tax % -8% 5% 25% 26% 26% 21%
-16 3 52 84 93 70
EPS in Rs -10.42 1.98 6.63 9.98 11.06 8.32
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: -24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -39%
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
138 132 123 147 152 179
Total Liabilities 831 752 759 881 1,026 1,081
355 318 361 413 454 496
CWIP 0 0 1 2 5 5
Investments 0 0 0 0 0 0
476 434 396 466 567 580
Total Assets 831 752 759 881 1,026 1,081

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 334 404 764 775 924 572
Days Payable 161 164 318 356 390 244
Cash Conversion Cycle 287 357 541 501 643 476
Working Capital Days 220 236 212 185 171 240
ROCE % 6% 15% 20% 19% 13%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
27.33% 27.33% 27.27% 26.27% 26.27% 26.18% 25.47% 24.66% 24.66% 24.66%
7.42% 5.86% 6.78% 20.61% 19.69% 13.85% 12.03% 10.60% 9.61% 7.97%
8.86% 11.76% 10.23% 17.52% 19.56% 22.61% 22.23% 21.68% 19.89% 18.26%
56.39% 55.06% 55.73% 35.60% 34.49% 37.36% 40.26% 43.04% 45.84% 49.11%
No. of Shareholders 2,08,1381,51,8801,33,9571,53,1801,62,1092,10,0432,29,8802,38,8982,47,6952,61,898

* 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

Credit ratings

Concalls