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GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
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Sula Vineyards Limited

Sula Vineyards Limited

NSE: SULA
Beverages - Wineries & DistilleriesConsumer DefensiveSMALL CAPMCap ₹1.11k Cr
₹130.96₹0.38 (+0.29%)

Market Closed • NSE

Market cap₹1.11k Cr
Enterprise value₹1.43k Cr
P/E TTM44.54
Forward P/E19.84
P/B1.88
EPS TTM₹2.94
Forward EPS₹6.60
D/E0.57
Dividend yield0.02%
52W high₹264.30
52W low₹130.00
Price chart(1Y)
1Y Return:-16.01% (₹24.97)
H: ₹174.5L: ₹130
1W-1.04%
1M-5.29%
3M-11.89%
6M-25.01%
1Y-49.23%
Today at a glance

Day range

₹130.01₹132.40

52 week range

₹130.00₹264.30
Volume126.9K0.37x 20D avg
Free float50.00%-62.60% volume

Sula Vineyards Limited closed at INR130.96 (+0.29%) on volume 0.37x its 20-day average, trading 50.45% below its 52-week high.

Technical analysis
RSI (14)35.3Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹3.42Moderate
SMA 20₹134.16BEARISH
SMA 50₹144.27BEARISH
SMA 100₹149.48BEARISH
SMA 200₹163.49BEARISH
CPR bottom₹131.76
Pivot₹131.37
CPR top₹130.98
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved -5.6% QoQ

2026-05-22

DIVIDEND Announced

Dividend - Rs 2 Per Share

2025-05-23

DIVIDEND Announced

Dividend - Rs 3.60 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL4/4 criteria
Non-Compliant (Business Activity)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹332.9 Cr₹1.11k Cr30.10%≤ 33%PASS
Non-halal income ratio₹2.9 Cr₹507.8 Cr0.57%≤ 5%PASS
Illiquid assets ratio₹1.09k Cr₹1.10k Cr99.34%≥ 20%PASS
Receivables ratio–₹1.10k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E44.5421.40
Forward P/E19.84—
P/B1.882.40
EV/EBITDA—18.00
PEG—1.30
Earnings yield2.204.70
Growth & profitability
RevenuePAT
FY23PAT margin 17.90%
FY24PAT margin 18.00%
FY25PAT margin 13.40%
FY26PAT margin 5.10%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+2.60%
Revenue CAGR 5Y—
PAT CAGR 3Y-32.70%
PAT CAGR 5Y—
Operating margin5.60%
Net margin4.43%
Financial health & cash flow
Net debt₹325.7 CrModerate
Interest coverage2.20xEBIT / interest
CFO / PAT1.48x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹100.8 Cr
Capital expenditure–
Free cash flow₹68.5 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation50/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 1.48x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Beverages - Wineries & Distilleries.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
22 May 2026Dividend₹2.00 / share—22 May 2026
23 May 2025Dividend₹3.60 / share—23 May 2025
22 May 2024Dividend₹4.50 / share—22 May 2024
21 Feb 2024Dividend₹4.00 / share—21 Feb 2024
15 May 2023Dividend₹5.25 / share—15 May 2023
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)47.02%-9.25% latest vs average
Highest delivery57.34%on 08 Oct
Average volume (20D)356.0KTrading-session average
Conviction trendWeakening-9.25% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Hindustan Unilever Limited
Hindustan Unilever LimitedHINDUNILVR
Open analysis
₹4.36L41.632.39%₹17,341.00₹2,680.00+10.05%-3.18%
ITC Limited
ITC LimitedITC
Open analysis
₹3.33L16.796.27%₹19,114.00₹4,509.00-11.08%-15.61%
Nestlé India Limited
Nestlé India LimitedNESTLEIND
Open analysis
₹2.57L67.430.91%₹6,378.00₹959.00+25.16%+48.22%
Avenue Supermarts Limited
Avenue Supermarts LimitedDMART
Open analysis
₹2.29L74.970.00%₹18,795.00₹860.00+14.88%+11.25%
Varun Beverages Limited
Varun Beverages LimitedVBL
Open analysis
₹1.49L44.100.46%₹8,451.00₹1,525.00+20.44%+15.09%
Britannia Industries Limited
Britannia Industries LimitedBRITANNIA
Open analysis
₹1.16L44.631.91%₹5,000.00₹593.00+8.18%+14.04%
Marico Limited
Marico LimitedMARICO
Open analysis
₹1.02L53.990.51%₹3,957.00₹652.00+22.85%+27.10%
UNITED SPIRITS LIMITED
UNITED SPIRITS LIMITEDUNITDSPR
Open analysis
₹96,993.5757.521.29%₹3,054.00₹539.00+3.67%+28.03%
About Sula Vineyards Limited
Sula Vineyards Limited

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 Mumbai, India.

IndiaConsumer Defensive

Questions investors ask
Is Sula Vineyards Limited Shariah compliant?

Sula Vineyards Limited is currently screened as Non-Compliant (Business Activity) under AAOIFI Shariah Standard No. 21. Business activity in non-permissible sector: /\bdistiller(y|ies)?\b/i Debt to Market Cap (30.1%) complies with AAOIFI threshold (≤ 33%).

What is Sula Vineyards Limited's current valuation relative to peers?

Sula Vineyards Limited trades at a P/E of 44.5x compared to the sector median of 21.4x, and a Price-to-Book of 1.9x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.57x. Interest coverage is 2.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.