Sula Vineyards

NSE: SULA · Breweries & Distilleries

52W Range₹139 ₹297

Snapshot

Unlock Sula Vineyards's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Sula Vineyards Limited is a prominent Indian wine producer engaged in the manufacturing, distribution, and sale of a diverse portfolio of wines and spirits. The company also operates a significant wine tourism business, encompassing vineyard resorts, tasting rooms, and restaurants.

Business Model

The company generates revenue through the sale of alcoholic beverages across various channels, including distributors, licensed resellers, and direct-to-consumer online platforms. Additionally, it monetises its brand through experiential wine tourism and hospitality services.

  • Founded:1996
  • Headquarters:Mumbai, India

Growth Outlook

Growth is driven by the expansion of its premium wine portfolio and the increasing popularity of wine tourism in India. The company continues to leverage its extensive distribution network to capture market share in both domestic and international markets.

Key Risks

  • Regulatory and Excise Risk. The alcoholic beverage industry is subject to complex and varying state-level excise duties and licensing regulations in India.
  • Agricultural Dependency. As a wine producer, the company is inherently exposed to climate risks and seasonal variations that impact grape yields and quality.
  • Changing Consumer Preferences. The business relies on evolving consumer tastes and the continued growth of the premiumisation trend within the Indian alcohol market.
  • Supply Chain Disruptions. Dependence on a wide network of distributors and logistics partners creates vulnerability to operational disruptions.

Price

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Key Metrics

REVENUE

₹714 Cr

TTM · consolidated

+15.4%YoY

NET PROFIT

₹28 Cr

TTM · consolidated

-60.7%YoY

EPS

₹3.27

TTM · consolidated

-60.7%YoY

RETURN ON EQUITY

4.7%

TTM · consolidated

-7.9 ppYoY

RETURN ON CAPITAL EMPLOYED

11.0%

TTM · consolidated

-7.0 ppYoY

P/E

45.7x

Q4 FY26 · consolidated

45.7 vs 69.3x5Y avg

EV/EBITDA

12.2x

Q4 FY26 · consolidated

12.2 vs 11.6x5Y avg

EBITDA MARGIN

17.8%

TTM · consolidated

-6.9 ppYoY

NET PROFIT MARGIN

6.0%

Q4 FY26 · consolidated

-3.8 ppYoY

DEBT TO EQUITY

0.5x

Q4 FY26 · consolidated

-0.01xYoY

Peers · Breweries & Distilleries

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Sula VineyardsSULA
1,26945.6812.1915.4%17.8%4.7%11.0%-50.1%
Som DistilleriesSDBL
1,488140.4516.88-18.7%4.0%1.4%5.2%-56.9%
Assoc.AlcoholsASALCBR
1,46417.1411.34-5.8%14.4%15.7%20.5%-32.1%
BCL IndustriesBCLIND
7799.265.96-0.2%8.6%15.3%17.2%-15.6%
IFB Agro Inds.IFBAGRO
70116.106.7024.2%6.3%9.0%12.8%+36.1%
Jagatjit Inds.JAGAJITIND
6055.095.55-43.3%47.6%212.1%32.2%-34.8%

As of Q4 FY26

Financials