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NSE:SULA

SULA VINEYARDS LIMITED

Fast Moving Consumer Goods › Beverages
₹127.70
at close · 27 Oct 2026
▲ 1.52 (+1.20%)

Latest filings

  1. Sula Vineyards postal ballot results: director appointed, commission approved · Management Changes
  2. Postal Ballot results: Chaitanya Rathi appointed as Non-Executive Non-Independent Director · Management Changes
  3. Routine demat compliance certificate filed for Sep 2026 quarter · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Produces and sells wines under its own brand portfolio in India, with Elite and Premium labels forming 78.4% of own-brand sales. Own brands make up 86% of revenue, distributed through retail, hospitality channels and the Canteen Stores Department, which is expanding to 14 listings. Wine Tourism — built around resort stays, vineyard visits and tastings at the Nashik winery properties — generated ₹113 crore in FY26 (~19% of revenue, per management), with over 4 lakh visitors and 154 resort keys in operation after the 50% addition of The Haven resort. The Source range grew 35% in Q4 FY26 and now contributes more than 10% of own brands across 8 labels. The cost stack is led by other operating expenses at 39.3% of revenue, raw materials (grapes and bottles) at 18.5% and employee costs at 15.4%, with a grape-mix shift currently flagged as a gross-margin headwind. The company has signed a binding agreement to buy Moet Hennessy's Domaine Chandon India estate in Dindori, Nashik for ₹20 crore to expand Wine Tourism capacity.

Revenue mix · reported segments
Own brand wines86.0%
Wine Tourism19.0%
Operating scale
Wine Tourism revenue
₹113 croreFY26
Resort keys in operation
154 (after +50% via The Haven)FY26
Wine Tourism footfalls
Over 4 lakh visitorsFY26
Elite & Premium share of own brands
78.4%FY26
The Source range labels
8 labels (>10% of own brands)FY26
CSD listings
14 (5 pending approval)FY26
Who pays it
Retail and hospitality trade for wines, the Canteen Stores Department, and resort guests visiting Nashik winery properties for Wine Tourism.
Biggest cost
Raw materials — grapes and bottles — at 18.5% of revenue, with grape-mix mix flagged as a current margin headwind.
Kind of business
Branded consumer wine maker with premium positioning and an integrated winery-to-resort model.
Where it sits
India's largest wine company, with over 60% share of the domestic elite and premium wine segment.
Market Cap
₹1,078 Cr
P / E (TTM)
40.3×
EV / EBITDA
10.9×
Div Yield
2.85%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
9.4%·
ROCE (FY26)
ROE 4.4% · margin 17.8%
Leverage
0.50·
Debt / Equity · low
Net debt ₹287 Cr
Revenue FY23→FY26
1.1×▲
Margin −10.9 pts
₹553 Cr → ₹596 Cr
Cash conversion
1.35×▲
Operating cash ÷ profit · 4 yrs
₹369 Cr on ₹273 Cr
Moves on a normal day
1.03%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 25 Breweries & Distilleries peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#13/21
P/B#12/25
ROCE#13/26
ROE#14/25
Debt / Equity#13/25
EBITDA margin#4/23
Revenue growth#14/22
Profit growth#18/23

Scorecard

Measured from the filed financials, judged against its Breweries & Distilleries peers · as of FY26 — not investment advice

Strengths
Over 4 years it reported ₹273 Cr of profit and ₹369 Cr of operating cash — 1.35×
Profit is converting into cash
Concerns
Heavy working capital — 210 days of cash tied up
Customers are taking longer to pay — 76 → 145 days of receivables
FY23 → FY26

Charts

How has the market priced it — with filings on the timeline?

SULA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SULA VINEYARDS LIMITED's filed financials and exchange disclosures

What does SULA VINEYARDS LIMITED do?

SULA VINEYARDS LIMITED is a Beverages company listed on NSE and BSE, trading under the symbol SULA.

Is SULA VINEYARDS LIMITED profitable?

Yes. Over the trailing twelve months SULA VINEYARDS LIMITED reported a net profit of ₹27 Cr on revenue of ₹717 Cr.

Does SULA VINEYARDS LIMITED pay a dividend?

Yes. The dividend yield is 2.85% at the current price. It paid out 120% of its profit as dividend in FY26.

Is SULA VINEYARDS LIMITED debt-free?

No. It reported borrowings of ₹294 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹287 Cr after cash. Debt stands at 0.50× equity. That is lower than 50% of its 25 Breweries & Distilleries peers.

Is SULA VINEYARDS LIMITED expensive compared with its peers?

On trailing P/E, SULA VINEYARDS LIMITED ranks 13 of 21 in Breweries & Distilleries — cheaper than 40% of them, against an industry median of 32.8×. This is a position, not a valuation judgement.

How much does the SULA VINEYARDS LIMITED share price move in a day?

On a typical session SULA VINEYARDS LIMITED moves 1.03% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SULA VINEYARDS LIMITED's announcements?

Every NSE and BSE filing by SULA VINEYARDS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.