Sula Vineyards Limited share price

Sula Vineyards Limited manufactures, purchases, and sells wine and other alcoholic beverages in India and internationally. It offers white, red, rosé, and sparkling wines; and spirits under the RASA, The Source, Dindori, SULA CLASSICS, and York brands. The company also owns and operates wine tourism venues, including vineyard resorts and tasting rooms, as well as restaurants. It sells its products through distributors, corporations, licensed resellers, company depots, defense units, and other points of sale, as well as direct-to-consumer and online channel. The company was founded in 1996 and is headquartered in Nashik, India.Read more

Website NSE हिंदी में BSE

Consumer DefensiveBeverages - Wineries & DistilleriesNSE: SULAISIN INE142Q01026

16 Oct 2026, 3:29 PM IST₹136.48▼ 1.78 (1.29%)

Market Cap₹ 1,153 Cr.
Current Price₹ 136.48
High / Low₹ 262 / 130
Stock P/E46.4
Book Value₹ 70
Dividend Yield1.45 %
ROCE9.1 %
ROE4.40 %
Face Value₹ 2.0

More figures (10)

EPS (TTM)₹ 2.94
Price / Book1.96
OPM12.9 %
Debt / Equity0.57
Sales growth (3Y)2.5 %
Profit growth (3Y)-32.7 %
Promoter holding28.4 %
EV / EBITDA15.8
Beta0.40
All-time high₹ 699

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
SULA	-0.03%	-8.63%	-21.85%	-37.13%	-45.19%	-34.00%	—
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Sula Vineyards Limited is in the Beverages - Wineries & Distilleries industry (Consumer Defensive), with a market value of ₹1,153 crore.
It trades at 46.4 times its last 12 months' earnings and 2.0 times book value.
Revenue grew 2.5% a year over the last 3 years, profit -32.7% a year.
Return on equity was 4.4% and return on capital employed 9.1% in the latest year.
Debt was 0.57 times shareholders' equity.
The share price is 47.9% below its 52-week high and down 45.2% over one year.
Promoters and insiders hold about 28.4%; institutions about 16.5%.

Pros

Pays a healthy dividend: about 120% of profit last year.

Cons

Interest cover is thin: operating earnings are 2.0 times the interest cost.
Sales growth has been slow: 2.5% a year over the last 3 years.
Profit growth has been weak: -32.7% a year over the last 3 years.
Latest quarter (Jun 2026): profit fell 45% from a year ago.
Institutional (FII + DII) holding has fallen by 23.9 points over 3 years.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Sula Vineyards Limited

Employees: 713
Head office: Nashik

Consumer DefensiveBeverages - Wineries & Distilleries

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Sula Vineyards	136.48	46.4	1,153	1.45	1	-45.36	121	2.11	9.1	4.4	1.96	12.9	0.57	28.38	596	2.5
2.	United Spirits	1,380.00	58.1	97,988	1.23	463	10.91	6,122	-2.75	25.5	21.6	10.94	16.1	0.05	59.49	27,816	5.6
3.	Radico Khaitan	4,473.40	85.3	59,939	0.20	230	75.91	5,868	10.43	24.0	19.9	18.06	14.3	0.24	42.99	20,976	24.6
4.	Allied Blenders and Distillers	748.65	95.6	20,941	0.73	45	-18.65	1,809	1.85	24.6	14.2	12.59	12.5	0.69	78.96	7,571	7.4
5.	BCL Industries	29.90	7.6	883	1.17	36	6.09	623	-24.00	16.6	13.4	0.97	7.0	0.62	60.42	2,904	14.8
6.	IFB Agro Industries	863.60	13.6	809	0.00	20	18.45	521	25.27	11.2	8.8	1.20	4.8	0.11	81.53	1,912	4.1
	Median: 6 Co.	806.13	52.3	11,047	0.95	40	8.50	1,216	1.98	20.3	13.8	6.45	12.7	0.41	59.96	5,238	6.5

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	117	143	218	132	128	141	217	133	118	258	196	143	121
YOY Sales Growth %			4.00%	9.75%	10.16%	-1.13%	-0.41%	1.06%	-7.90%	82.67%	-9.68%	7.12%	2.11%
	86	99	146	102	94	108	164	105	100	214	164	115	104
Material Cost %	20%	20%	26%	19%	18%	20%	30%	16%	24%	27%	32%	24%	29%
Employee Cost %	18%	15%	10%	16%	19%	17%	12%	16%	20%	18%	13%	14%	18%
Other Expenses %	36%	33%	30%	43%	37%	40%	34%	47%	41%	38%	39%	42%	39%
Operating Profit	30	44	72	29	34	34	53	28	18	44	32	28	17
OPM %	26%	31%	33%	22%	26%	24%	24%	21%	15%	17%	16%	19%	14%
	2	1	1	4	1	1	1	1	1	2	1	2	2
Exceptional items											-2	-0
Interest	5	7	8	6	7	8	8	7	8	16	8	7	7
Depreciation	8	8	8	8	9	9	9	9	9	19	10	10	10
Profit before tax	19	31	57	19	19	18	37	14	3	11	13	12	2
	28%	25%	25%	28%	25%	20%	25%	4%	24%	27%	28%	28%	30%
Current tax	6	7	15	4	2	4	9	2	1	3	5	2	1
Deferred tax	-0	0	-0	2	3	-0	0	-1	-0	-0	-1	1	-1
	14	23	43	14	15	14	28	13	2	8	9	9	1
Profit to shareholders	14	23	43		15	14	28	13	2	8	9	9	1
YOY Profit Growth %			9.42%	-4.88%	6.94%	-37.29%	-34.71%	-3.84%	-86.74%	-45.03%	-67.57%	-34.08%	-45.36%
EPS in Rs	1.62	2.74	5.09	1.61	1.73	1.72	3.32	1.55	0.23	0.94	1.08	1.02	0.13
Raw filing

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	116	139	208	127	126	124	181	96	99	220	170	111	107
YOY Sales Growth %			4.61%	8.16%	8.78%	-10.76%	-12.99%	-23.86%	-21.04%	77.43%	-6.25%	15.38%	7.39%
	84	97	141	100	95	102	146	88	88	191	148	96	91
Material Cost %	21%	23%	27%	22%	23%	24%	31%	15%	26%	28%	34%	23%	30%
Employee Cost %	18%	15%	10%	16%	18%	18%	13%	20%	22%	20%	13%	16%	19%
Other Expenses %	34%	32%	30%	41%	34%	41%	37%	56%	42%	39%	40%	47%	37%
Operating Profit	32	42	67	27	31	21	35	8	11	29	22	15	16
OPM %	28%	30%	32%	21%	25%	17%	19%	9%	11%	13%	13%	13%	15%
	2	2	2	4	2	2	2	2	2	3	1	2	3
Exceptional items												-8
Interest	5	6	7	6	6	7	7	6	6	13	7	6	5
Depreciation	7	6	7	7	7	7	7	7	8	15	8	7	8
Profit before tax	22	31	55	19	19	9	22	-3	-1	3	9	-5	5
	25%	25%	25%	28%	25%	20%	27%			32%	26%		24%
Current tax	6	7	15	4	2	2	6	-1		1	2	0	1
Deferred tax	-0	0	-0	2	3	-0	0	3	-0	0	-0	1	0
	16	24	41	14	15	7	16	-5	-1	2	7	-6	4
YOY Profit Growth %			4.90%	-17.68%	-11.05%	-68.59%	-60.32%	-135.88%	-106.25%	-69.69%	-59.46%
EPS in Rs	1.94	2.79	4.88	1.61	1.73	0.87	1.94	-0.58	-0.11	0.27	0.78	-0.68	0.48
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	553	609	619	596	717
YOY Sales Growth %		10.02%	1.76%	-3.74%
	396	433	470	493	597
Material Cost %	24%	22%	22%	28%	28%
Employee Cost %	14%	14%	15%	15%	16%
Other Expenses %	33%	35%	39%	39%	39%
Operating Profit	157	176	149	103	120
OPM %	28%	29%	24%	17%	17%
	3	8	4	4	7
Exceptional items				-2	-2
Interest	21	26	30	31	39
Depreciation	26	32	35	39	49
Profit before tax	114	126	88	35	37
	26%	26%	21%	28%	28%
Current tax	29	31	17	11
Deferred tax	1	1	1	-1
	84	93	70	26	27
Profit to shareholders	84		70	26	27
YOY Profit Growth %		11.04%	-24.77%	-63.46%
EPS in Rs	10.19	11.06	8.32	3.04	3.17
Dividend Payout %	54%	84%	54%	120%

Compounded Sales Growth

3 Years:: 3%
TTM:: 18%

Compounded Profit Growth

3 Years:: -33%
TTM:: -54%

Stock Price CAGR

3 Years:: -34%
1 Year:: -45%

Return on Equity

4 Years:: 12%
Last Year:: 4%

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	530	589	527	500	607
YOY Sales Growth %		11.19%	-10.53%	-5.02%
	374	421	431	435	526
Material Cost %	23%	24%	24%	29%	29%
Employee Cost %	14%	14%	17%	17%	17%
Other Expenses %	33%	34%	41%	41%	40%
Operating Profit	156	167	96	65	81
OPM %	29%	28%	18%	13%	13%
	6	10	7	6	9
Exceptional items				-8	-8
Interest	19	24	26	26	31
Depreciation	24	27	29	30	38
Profit before tax	118	127	48	8	13
	25%	26%	30%	60%	45%
Current tax	29	31	9	4
Deferred tax	1	1	6	1
	88	95	33	3	7
YOY Profit Growth %		7.22%	-64.73%	-90.72%
EPS in Rs	10.71	11.22	3.96	0.37	0.85
Dividend Payout %	51%	82%	112%	990%

Compounded Sales Growth

3 Years:: -2%
TTM:: 21%

Compounded Profit Growth

3 Years:: -67%
TTM:: -60%

Stock Price CAGR

3 Years:: -34%
1 Year:: -45%

Return on Equity

4 Years:: 12%
Last Year:: 4%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	17	17	17	17
Reserves	515	533	569	571
	203	324	315	333
Long term borrowings	54	52	68	57
Short term borrowings	137	248	229	237
	147	152	179	175
Trade payables	82	84	92	96
Current liabilities	271	385	383	384
Total Liabilities	881	1,026	1,081	1,096
	410	457	503	519
Gross block	524	588	665	711
Accumulated depreciation	115	131	161	192
Goodwill & intangibles	7	6	8	4
CWIP	3	9	15	11
	468	561	562	566
Inventories	179	198	216	201
Trade receivables	115	170	234	237
Cash & equivalents	16	97	7	7
Current assets	424	502	542	547
Total Assets	881	1,026	1,081	1,096

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	90	121	58	101
Profit for the year	84	93	70	26
Working capital changes	-42	-20	-74	1
Direct taxes paid	-28	-34	-20	-6
	-74	-43	-75	-33
Fixed assets purchased	-69	-59	-67	-32
Fixed assets sold	0	1	2	0
Investments purchased	-6		-94	-2
Investments sold		10	96
	-9	2	-74	-67
Proceeds from borrowings	57	31	88	59
Repayment of borrowings	-51	-34	-91	-63
Interest paid	-19	-24	-29	-28
Dividends paid	-45	-78	-38	-31
Net Cash Flow	6	81	-90	-0
Free Cash Flow	21	62	-9	69

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	15.8%	17.2%	12.4%	4.4%
ROCE	—	21.8%	23.4%	16.6%	9.1%
Operating margin	—	28.1%	28.2%	21.9%	12.9%
Net margin	—	17.9%	18.0%	13.4%	5.1%
Debt / equity	—	0.38	0.59	0.54	0.57
Current ratio	—	1.57	1.30	1.42	1.43
Debtor days	—	89	120	163	170
Inventory days	—	445	484	518	415
Days payable	—	204	204	221	198
Cash conversion cycle	—	330	400	460	387
Working capital days	—	119	83	111	117

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 24.62%
FIIs 0.35%
DIIs 14.97%
Public 60.06%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	26.27%	26.18%	25.47%	24.66%	24.66%	24.66%	24.36%	24.35%	24.35%	24.55%	24.62%	24.62%
	19.69%	13.85%	12.03%	10.60%	9.61%	7.96%	6.68%	4.05%	1.65%	1.11%	0.68%	0.35%
Foreign portfolio investors (Cat. I)	11.09%	13.58%	11.76%	10.24%	9.34%	7.44%	6.68%	4.02%	1.65%	0.98%	0.30%	0.34%
Foreign portfolio investors (Cat. II)	0.26%	0.27%	0.27%	0.36%	0.27%	0.53%		0.03%		0.13%	0.38%	0.01%
Foreign direct investment	8.34%
	19.56%	22.62%	22.23%	21.68%	19.89%	18.26%	18.24%	18.01%	17.78%	17.30%	16.22%	14.97%
Mutual funds	17.94%	20.03%	19.64%	19.36%	18.02%	18.04%	18.18%	17.94%	17.74%	17.27%	16.22%	14.94%
Insurance companies	1.61%	2.35%	2.35%	2.32%	1.82%	0.16%
Alternative investment funds	0.01%	0.23%	0.24%		0.05%	0.05%	0.06%	0.06%	0.03%	0.03%		0.03%
	34.48%	37.36%	40.27%	43.06%	45.84%	49.12%	50.72%	53.59%	56.22%	57.04%	58.48%	60.06%
Retail (up to ₹2 lakh)	15.07%	22.17%	25.43%	27.82%	30.60%	33.07%	34.99%	38.61%	40.71%	40.54%	42.68%	44.38%
HNIs (above ₹2 lakh)	5.43%	4.86%	4.75%	5.20%	5.41%	5.63%	5.30%	3.64%	3.85%	4.76%	4.76%	5.08%
NRIs	5.40%	4.37%	4.55%	4.67%	4.42%	4.60%	4.60%	4.66%	4.62%	4.28%	4.29%	4.05%
Bodies corporate	1.45%	2.72%	2.57%	2.77%	2.92%	3.28%	3.23%	3.90%	4.20%	4.57%	3.92%	3.68%
No. of Shareholders	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	2,60,773

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Sula Vineyards

Holder (above 1%)	Stake
HDFC LARGE AND MID CAP FUNDMutual fund · see the fund house	8.93%
SBI CONSUMPTION OPPORTUNITIES FUNDMutual fund	3.37%
Quant Small Cap FundMutual fund	2.64%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 14.94% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 22 May 2026
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

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Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Sula Vineyards Limited

What is the share price of Sula Vineyards Limited today?

Sula Vineyards Limited (SULA) last traded at ₹136.48 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Sula Vineyards Limited?

About ₹1,153 crore at the latest price.

What is the P/E ratio of Sula Vineyards Limited?

About 46.4 times its earnings over the last 12 months.

Is Sula Vineyards Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Sula Vineyards Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Sula Vineyards Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Sula Vineyards Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Mutual funds & institutions holding Sula Vineyards

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Sula Vineyards Limited

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