Sula Vineyards Ltd
Sula Vineyards Ltd (SULA) last reported results for the quarter ended Jun 2026, with sales of ₹113 crore and net profit of ₹1.06 crore. The stock last traded at ₹134, a market capitalisation of ₹1,130 crore, on a P/E of 43.6. Over the past 52 weeks the stock has ranged between ₹130 and ₹267. Figures are as of 6 Oct 2026 and are not real time.
Sula Vineyards Ltd share price and key metrics
- Current price
- ₹134
- Market cap
- ₹1,130 cr
- Stock P/E
- 43.6
- Book value
- ₹69.6
- ROE
- 4.61%
- ROCE
- 7.55%
- Dividend yield
- 1.51%
- 52w high / low
- 267/130
Metrics as of 6 Oct 2026. Not real time.
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Sula Vineyards Ltd growth and returns
- 10 Years
- %
- 5 Years
- 8%
- 3 Years
- 2%
- TTM
- -2%
- 10 Years
- %
- 5 Years
- 32%
- 3 Years
- -32%
- TTM
- -55%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- -34%
- 1 Year
- -49%
- 10 Years
- %
- 5 Years
- 13%
- 3 Years
- 11%
- Last Year
- 5%
Sula Vineyards Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹113 cr, up 2.9% from ₹110 cr a year earlier. Net profit was ₹1.06 cr, down 45.4% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 132 | 200 | 126 | 110 | 131 | 180 | 135 | 113 |
| Expenses | 98.76 | 147 | 97.25 | 91.34 | 105 | 148 | 107 | 96.27 |
| Operating profit | 33.6 | 53.05 | 28.46 | 18.3 | 25.46 | 31.95 | 27.74 | 16.6 |
| OPM % | 25.39% | 26.51% | 22.64% | 16.69% | 19.45% | 17.71% | 20.56% | 14.71% |
| Other income | 0.76 | 0.9 | 1.01 | 0.98 | 0.83 | -0.79 | 1.49 | 2.38 |
| Interest | 7.59 | 7.81 | 7.17 | 7.51 | 8.55 | 8.19 | 7.14 | 7.18 |
| Depreciation | 8.69 | 8.93 | 8.74 | 9.21 | 9.47 | 10.41 | 10.08 | 10.28 |
| Profit before tax | 18.08 | 37.21 | 13.56 | 2.56 | 8.27 | 12.56 | 12.01 | 1.52 |
| Tax % | 19.91% | 24.59% | 3.91% | 24.22% | 27.21% | 27.55% | 28.39% | 30.26% |
| Net profit | 14.48 | 28.06 | 13.03 | 1.94 | 6.02 | 9.1 | 8.6 | 1.06 |
| EPS (₹) | 1.72 | 3.32 | 1.54 | 0.23 | 0.71 | 1.08 | 1.02 | 0.13 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Sula Vineyards Ltd annual results
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 485 | 386 | 424 | 516 | 568 | 579 | 556 | 559 |
| Operating profit | 53 | 64 | 113 | 158 | 176 | 149 | 104 | 102 |
| OPM % | 11% | 17% | 27% | 31% | 31% | 26% | 19% | 18% |
| Net profit | -16 | 3 | 52 | 84 | 93 | 70 | 26 | 25 |
| EPS (₹) | -10.42 | 1.98 | 6.63 | 9.98 | 11.06 | 8.32 | 3.04 | 2.94 |
TTM is the trailing twelve months to the most recent quarter.
Sula Vineyards Ltd balance sheet
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 15 | 15 | 16 | 17 | 17 | 17 | 17 |
| Reserves | 285 | 290 | 380 | 515 | 533 | 569 | 571 |
| Borrowings | 393 | 315 | 240 | 203 | 324 | 315 | 333 |
| Other liabilities | 138 | 132 | 123 | 147 | 152 | 174 | 169 |
| Total liabilities | 831 | 752 | 759 | 881 | 1,026 | 1,076 | 1,089 |
| Fixed assets | 355 | 318 | 361 | 413 | 454 | 495 | 512 |
| CWIP | 0 | 0 | 1 | 2 | 5 | 6 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 476 | 434 | 396 | 466 | 567 | 575 | 576 |
| Total assets | 831 | 752 | 759 | 881 | 1,026 | 1,076 | 1,089 |
As reported by the company. Total assets equal total liabilities by construction.
Sula Vineyards Ltd cash flow
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 45 | 120 | 87 | 90 | 121 | 58 | 101 |
| Cash from investing | -44 | -22 | -57 | -74 | -43 | -75 | -33 |
| Cash from financing | 33 | -94 | -61 | -9 | 2 | -74 | -67 |
| Net cash flow | 34 | 3 | -31 | 6 | 81 | -90 | -0 |
| Free cash flow | 1 | 104 | 42 | 21 | 63 | -7 | 69 |
| CFO / operating profit | 106% | 175% | 92% | 74% | 88% | 53% | 103% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Sula Vineyards Ltd operating ratios
| Per year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| ROCE % | — | 6% | 15% | 20% | 19% | 13% | 8% |
| Debtor days | 114 | 117 | 94 | 81 | 109 | 148 | 156 |
| Inventory days | 334 | 404 | 764 | 775 | 924 | 877 | 609 |
| Days payable | 161 | 164 | 318 | 356 | 390 | 374 | 290 |
| Cash conversion cycle | 287 | 357 | 541 | 501 | 643 | 651 | 474 |
| Working capital days | -2 | 3 | 52 | 85 | 8 | 95 | 101 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Sula Vineyards Ltd shareholding pattern
Promoters held 24.62% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.68% and DIIs 16.22%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 24.66% | 24.66% | 24.66% | 24.35% | 24.35% | 24.35% | 24.55% | 24.62% |
| FIIs | 10.60% | 9.61% | 7.97% | 6.68% | 4.05% | 1.65% | 1.11% | 0.68% |
| DIIs | 21.68% | 19.89% | 18.26% | 18.25% | 18.01% | 17.78% | 17.30% | 16.22% |
| Public | 43.04% | 45.84% | 49.11% | 50.71% | 53.58% | 56.22% | 57.03% | 58.48% |
| No. of shareholders | 2,38,898 | 2,47,695 | 2,61,898 | 2,66,414 | 2,73,146 | 2,69,331 | 2,61,232 | 2,62,927 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Sula Vineyards Ltd corporate filings
- Sula Vineyards Limited's Postal Ballot Results Confirm Requisite Majority for Board and Compensation ResolutionsAGM/EGMhigh impact
Cruxal's analysis: Sula Vineyards Limited has successfully passed two resolutions via postal ballot…
Read the full analysis - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Company Updatelow impact
Cruxal's analysis: as attached
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
Cruxal's analysis: as attached
Read the full analysis - Sula Vineyards Ltd: Routine Newspaper Publication of Financial ResultsCompany Updatelow impact
Cruxal's analysis: Sula Vineyards Ltd has fulfilled its regulatory obligation under Regulation 30 of the…
Read the full analysis - Sula Vineyards Seeks Shareholder Approval for Appointment and Remuneration of Chaitanya Rathi as Non-Executive DirectorAGM/EGMlow impact
Cruxal's analysis: Sula Vineyards Limited has initiated a postal ballot process to seek shareholder approval…
Read the full analysis - Sula Vineyards Ltd schedules analyst/investor meetingCompany Updatelow impact
Cruxal's analysis: Sula Vineyards has issued an intimation regarding an upcoming analyst/investor meeting…
Read the full analysis - Sula Vineyards Q1 FY27 Earnings Call: Revenue Grows 3% Amid Margin Pressure from Grape Procurement MixCompany Updatemedium impact
Cruxal's analysis: Sula Vineyards Limited reported a 3% year-on-year revenue growth to INR 121 crore for Q1…
Read the full analysis - Sula Vineyards Limited files audio recording of Q1 FY27 earnings callCompany Updatelow impact
Cruxal's analysis: Sula Vineyards Limited has formally submitted the audio recording of its earnings call…
Read the full analysis - Sula Vineyards Ltd announces upcoming analyst/investor meetingCompany Updatelow impact
Cruxal's analysis: Sula Vineyards has issued an intimation regarding an upcoming analyst/investor meeting…
Read the full analysis - Sula Vineyards Ltd: Routine Newspaper Publication of Financial ResultsCompany Updatelow impact
Cruxal's analysis: Sula Vineyards Ltd has fulfilled its regulatory obligation under Regulation 30 of the…
Read the full analysis - Sula Vineyards Ltd receives notice of fine from NSE and BSE for SEBI (LODR) non-complianceCompany Updatelow impact
Cruxal's analysis: Sula Vineyards has disclosed the receipt of a fine levied by the National Stock Exchange…
Read the full analysis - Sula Vineyards Q1 FY27 Results: Margin Compression and Profit Decline Amidst Strategic Chandon Estate AcquisitionCompany Updatehigh impact
Cruxal's analysis: Sula Vineyards reported a challenging Q1 FY27 with Net Revenue from Operations at INR…
Read the full analysis - Sula Vineyards Ltd files routine regulatory disclosure under Regulation 30Company Updatelow impact
Cruxal's analysis: Sula Vineyards Ltd has submitted a routine press release under Regulation 30 of the SEBI…
Read the full analysis - Sula Vineyards Ltd announces grant of stock options under ESOP 2021Company Updatelow impact
Cruxal's analysis: Sula Vineyards has issued an intimation regarding the grant of stock options to eligible…
Read the full analysis - Sula Vineyards Announces Leadership Changes: Rinku More Appointed CFO and Chaitanya Rathi Joins BoardCompany Updatelow impact
Cruxal's analysis: Sula Vineyards Limited has formalized the appointment of Ms. Rinku More as Chief…
Read the full analysis - Sula Vineyards Reports Weak Q1 FY27 Consolidated Net Profit of INR 1.06 Crore Amid Seasonal HeadwindsBoard Meetinghigh impact
Cruxal's analysis: Sula Vineyards Limited reported consolidated revenue from operations of INR 120.79 crore…
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