| Quarterly Financials | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 172 | 107 | 93 | 121 | 192 | 114 | 110 | 135 | 204 | 126 | 122 | 133 | 201 | 127 | 111 | 132 |
| Expenses | 115 | 78 | 67 | 83 | 127 | 83 | 78 | 90 | 131 | 93 | 87 | 99 | 147 | 97 | 91 | 105 |
| EBITDA | 57 | 29 | 26 | 38 | 65 | 32 | 32 | 45 | 73 | 33 | 35 | 34 | 54 | 30 | 19 | 26 |
| Operating Profit % | 33 % | 27 % | 27 % | 31 % | 34 % | 27 % | 28 % | 33 % | 35 % | 24 % | 28 % | 25 % | 27 % | 23 % | 17 % | 19 % |
| Depreciation | 6 | 6 | 6 | 6 | 7 | 7 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 10 |
| Interest | 6 | 5 | 5 | 5 | 6 | 5 | 5 | 7 | 8 | 6 | 7 | 8 | 8 | 7 | 8 | 9 |
| Profit Before Tax | 45 | 19 | 15 | 26 | 53 | 20 | 19 | 31 | 57 | 19 | 20 | 18 | 37 | 14 | 3 | 8 |
| Tax | 11 | 5 | 4 | 7 | 13 | 6 | 5 | 8 | 14 | 5 | 5 | 4 | 9 | 1 | 1 | 2 |
| Net Profit | 34 | 14 | 11 | 20 | 39 | 14 | 14 | 23 | 43 | 14 | 15 | 15 | 28 | 13 | 2 | 6 |
| EPS in ₹ | 4.47 | 1.72 | 1.37 | 2.39 | 4.71 | 1.69 | 1.62 | 2.74 | 5.09 | 1.61 | 1.73 | 1.72 | 3.32 | 1.55 | 0.23 | 0.71 |
Sula Vineyards
Sula Vineyards
238.60
+2.05
(0.87%)
Market Cap
₹2,014.50 Cr
PE Ratio
41.78
Volume
1,22,257.00
Day High - Low
₹239.45 - ₹236.55
52W High-Low
₹456.00 - ₹232.05
Key Fundamentals
Market Cap
2,014.50 Cr
EPS
8.32
PB Ratio
3.62
Book Value
66.99
EBITDA
153.00
Dividend Yield
1.48 %
Industry
Beverages Sector
Breweries & Distilleries ROE Growth %
-
Debt to Equity
0.56
Analyst Rating and Forecast
- By Refinitiv from4 analysts
Actual
Company News
View All News
ICRA Limited has reaffirmed the credit ratings for Sula Vineyards Limited and its material subsidiary Artisan Spirits Private Limited while revising the outlook to Negative from Stable across various fund-based and non-fund based facilities. The rating action affects the company's term loans, working capital facilities, and bank guarantees, with detailed rationale available on ICRA's website.
Sula Vineyards' Subsidiary Gets Relief as INR 21.33 Crore Tax Demand Dropped After Rectification8 days ago
Artisan Spirits Private Limited, a wholly owned subsidiary of Sula Vineyards Limited, received relief from a tax assessment order as INR 21.33 crore demand pertaining to H-form benefits was dropped following a rectification application. The original demand of INR 21.45 crore under Central Sales Tax Act for financial year 2020-2021 included tax, interest and penalty components, with the company having filed the rectification against the erroneous assessment order.
Sula Vineyards maintained stable revenue at INR 140 crores in Q2 FY26 despite temporary disruptions in Telangana market, while Wine Tourism business delivered record 8% growth and launched third resort 'The Haven by Sula'. The company expects improved performance in H2 FY26 driven by Telangana market recovery, higher WIPS accruals, and sustained Wine Tourism momentum, with operating margins projected to improve by 250 basis points year-on-year.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
1,447.10 | #1 1,05,254.94 | 62.89 | #1 12,405.00 | 7.44 | #1 1,582 | 36.07 | 65.66 | |
1,695.00 | 44,816.67 | 125.47 | 8,951.00 | 9.21 | 442 | -65.00 | 28.00 | |
3,159.90 | 42,300.80 | 98.58 | 4,856.00 | 17.65 | 346 | 72.99 | 56.64 | |
656.40 | 18,360.17 | 71.92 | 3,540.80 | 6.20 | 195 | 32.14 | 57.49 | |
468.85 | 9,086.96 | 38.44 | 1,451.70 | 3.10 | 230 | -9.45 | 43.45 | |
1,059.00 | 3,067.47 | 73.84 | 2,546.90 | 4.89 | 22 | #1 1,576.92 | 39.47 | |
1,043.90 | 2,384.99 | #1 16.80 | 684.70 | -1.57 | 129 | 60.83 | 43.47 | |
117.80 | 2,296.96 | 21.86 | 1,447.40 | 12.52 | 105 | 4.28 | 37.06 | |
238.60 | #9 2,014.50 | #5 41.78 | #10 583.10 | #9 1.34 | #9 70 | #9 -58.62 | 31.83 | |
971.90 | 1,757.12 | 21.30 | 1,080.00 | #1 259.88 | 81 | -8.50 | 44.77 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
1.34 %
Net Income Growth
-24.76 %
Cash Flow Change
-51.83 %
ROE
-29.46 %
ROCE
-28.61 %
EBITDA Margin (Avg.)
-17.74 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 831 | 752 | 759 | 881 | 1,026 | 1,081 |
| Fixed Assets | 355 | 318 | 361 | 413 | 454 | 495 |
| Current Assets | 443 | 407 | 371 | 425 | 502 | 544 |
| Capital Work in Progress | 0 | 0 | 1 | 2 | 5 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 476 | 434 | 396 | 466 | 567 | 580 |
| Total Liabilities | 831 | 752 | 759 | 881 | 1,026 | 1,081 |
| Current Liabilities | 406 | 352 | 290 | 271 | 385 | 383 |
| Non Current Liabilities | 123 | 95 | 73 | 78 | 91 | 111 |
| Total Equity | 302 | 305 | 395 | 532 | 550 | 586 |
| Reserve & Surplus | 284 | 289 | 379 | 515 | 533 | 569 |
| Share Capital | 15 | 15 | 16 | 17 | 17 | 17 |
Cash Flow
| Cash Flow | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 34 | 3 | -31 | 6 | 81 | -90 |
| Investing Activities | -44 | -22 | -57 | -74 | -43 | -75 |
| Operating Activities | 45 | 120 | 87 | 90 | 121 | 58 |
| Financing Activities | 33 | -95 | -61 | -9 | 3 | -74 |
Share Holding
| % Holding | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 27.33 % | 27.33 % | 27.27 % | 26.27 % | 26.27 % | 26.18 % | 25.47 % | 24.66 % | 24.66 % | 24.66 % | 24.36 % | 24.35 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 8.34 % | 19.69 % | 13.85 % | 12.03 % | 10.60 % | 9.61 % | 7.96 % | 6.68 % | 4.05 % |
| DIIs | 8.86 % | 11.76 % | 10.23 % | 17.52 % | 19.56 % | 22.62 % | 22.23 % | 21.68 % | 19.89 % | 18.26 % | 18.24 % | 18.01 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 20.34 % | 18.68 % | 19.65 % | 20.79 % | 20.49 % | 27.03 % | 30.18 % | 33.02 % | 36.01 % | 38.70 % | 40.29 % | 42.25 % |
| Others | 43.47 % | 42.24 % | 42.86 % | 27.07 % | 13.99 % | 10.33 % | 10.08 % | 10.04 % | 9.83 % | 10.42 % | 10.43 % | 11.33 % |
| No of Share Holders | 2,27,712 | 1,51,880 | 1,33,957 | 1,53,180 | 1,62,109 | 2,10,043 | 2,29,880 | 2,38,898 | 2,47,695 | 2,61,898 | 2,66,414 | 2,73,146 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.4 | 8.35 | 8.5 | 3.6 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.66 | 1.51 | 3.16 | 1.52 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 27 Dec 2021 |  Change Of Name | NA | 27 Dec 2021 | 0.00 | 0.00 |
| 15 May 2023 |  Dividend | ₹ 5.25 /share | 15 May 2023 | 388.15 | 442.20 |
| 21 Feb 2024 | Dividend | ₹ 4.00 /share | 21 Feb 2024 | 587.50 | 578.15 |
| 22 May 2024 | Dividend | ₹ 4.50 /share | 22 May 2024 | 536.60 | 507.30 |
| 26 Jun 2024 |  Annual General Meeting | NA | 26 Jun 2024 | 536.60 | 498.75 |
| 12 Nov 2024 |  Quarterly Result Announcement | NA | 12 Nov 2024 | 421.95 | 414.10 |
| 05 Feb 2025 | Quarterly Result Announcement | NA | 05 Feb 2025 | 359.55 | 361.90 |
| 08 May 2025 | Quarterly Result Announcement | NA | 08 May 2025 | 289.95 | 277.50 |
| 23 May 2025 | Dividend | ₹ 3.60 /share | 23 May 2025 | 277.50 | 305.75 |
| 26 Jun 2025 | Annual General Meeting | NA | 26 Jun 2025 | 277.50 | 304.55 |
| 06 Aug 2025 | Quarterly Result Announcement | NA | 06 Aug 2025 | 290.00 | 280.50 |
| 10 Nov 2025 | Quarterly Result Announcement | NA | 10 Nov 2025 | 251.75 | 249.55 |
Announcements
Announcement under Regulation 30 (LODR)-Credit Rating
7 days ago
7 days agoIntimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)8 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 11, 2025
Nov 11, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Change in ManagementNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 10, 2025
Nov 10, 2025Board Meeting Outcome for Outcome Of The Board Meeting - 10Th November 2025Nov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 03, 2025
Nov 03, 2025Board Meeting Intimation for To Consider Approve & Take On Record The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September 2025Oct 31, 2025
Oct 31, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 14, 2025
Oct 14, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Oct 08, 2025Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended (SEBI Listing Regulations)Sep 26, 2025
Sep 26, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 08, 2025
Sep 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Aug 28, 2025Clarification / Confirmation On News Item Appearing In Media PublicationAug 21, 2025
Aug 21, 2025Clarification sought from Sula Vineyards LtdAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 07, 2025
Aug 07, 2025Outcome Of The Board Meeting - 6Th August 2025Aug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 06, 2025
Aug 06, 2025Board Meeting Outcome for Outcome Of The Board Meeting - 6Th August 2025Aug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 30, 2025
Jul 30, 2025Board Meeting Intimation for Intimation Of Board MeetingJul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 11, 2025
Jul 11, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 07, 2025
Jul 07, 2025Announcement under Regulation 30 (LODR)-Updates on AcquisitionJun 27, 2025
Jun 27, 2025Closure of Trading WindowJun 27, 2025
Jun 27, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportJun 27, 2025
Jun 27, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMJun 26, 2025
Jun 26, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJun 05, 2025
Jun 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 04, 2025
Jun 04, 2025Business Responsibility and Sustainability Reporting (BRSR)Jun 02, 2025
Jun 02, 2025Reg. 34 (1) Annual Report.Jun 02, 2025
Jun 02, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 22, 2025
May 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 22, 2025
May 22, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 09, 2025
May 09, 2025Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 Angel One Nifty Total Market Index Fund Direct - Growth | 0.00% | 0 | 0.00% | -0.01% | |
 Bandhan Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | -0.01% | |
 Groww Nifty Total Market Index Fund Direct - Growth | 0.00% | 0 | 0.00% | -0.01% | |
 HDFC Business Cycle Fund Direct - Growth | 0.33% | 0 | -0.02% | -0.01% | |
| HDFC Large and Mid Cap Fund Direct- Growth | 0.08% | 0 | 0.00% | 0.00% | |
| HDFC Multi Cap Fund Direct - Growth | 0.08% | 0 | -0.01% | -0.01% | |
| HDFC Non-Cyclical Consumer Fund Direct - Growth | 0.48% | 0 | -0.03% | -0.01% | |
| HDFC Small Cap Fund Direct- Growth | 0.39% | 0 | -0.03% | -0.02% | |
 Mirae Asset Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | -0.01% | |
 Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth | 0.00% | 0 | 0.00% | -0.21% | |
 Quant Small Cap Fund Direct Plan-Growth | 0.35% | 0 | -0.03% | -0.02% | |
 SBI Consumption Opportunities Fund Direct-Growth | 0.62% | 0 | -0.04% | -0.01% | |
| SBI Contra Direct Plan-Growth | 0.10% | 0 | -0.01% | 0.00% |
Technical Indicators
RSI(14)
Neutral 31.83
ATR(14)
Volatile 5.45
STOCH(9,6)
Oversold 13.45
STOCH RSI(14)
Oversold 13.52
MACD(12,26)
Bearish -0.99
ADX(14)
Weak Trend 9.79
UO(9)
Bearish 30.74
ROC(12)
Downtrend And Accelerating -6.08
WillR(14)
Neutral -79.31
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