Sula Vineyards share price, P/E, ROE & financials

As of 6 Nov 2026, Sula Vineyards trades at 46.9× trailing earnings, above the industry P/E of 31.3×, and the shares are 46% below their 52-week high. Sales grew 2.6% a year over 3 years while net profit fell 33%, with ROCE of 9.1% and ROE of 4.4%. Debt is 0.57× equity, and its dividend yield is 1.4%. It is a small-cap company with a market cap of ₹1,164 Cr, ranked 9th of 19 Beverages (Wineries & Distilleries) companies by market cap; the shares fell 46% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹137.01
Day high: ₹143.50
Day low: ₹136.00
Prev. close: ₹137.77
Volume: 5.8 L

Health check

1 fair · 5 to check

ReturnsBehind
−45.7% over a year, better than 0 of 7 peers.
Price tagPricier
P/E 46.9 vs industry 31.3.
GrowthSlow
Sales +2.6%, profit −32.7% a year over 3 years.
ProfitabilityWeak
ROCE 9.1% vs peer median 24.0%.
Balance sheetFair
Debt 0.57× equity, interest covered 2.2×, Piotroski 6 of 9.
Red flags3 to check
Return on equity is low at 4.4%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Beverages - Wineries & Distilleries

18 listed peers. Screen the industry

Small cap

₹1,164 Cr, #9 of 19 in its industry by size.

Defensive

Beta 0.41 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹559 Cr · profit ₹25 Cr

Market cap: ₹1,164 Cr; Small cap
P/E: 46.9; Industry 31.3
Price to book: 1.98; Peers 8.68
Dividend yield: 1.45%
ROE: 4.4%; Peers 15.4%
ROCE: 9.1%; Peers 24.0%
Debt to equity: 0.57; Debt ₹333 Cr
EPS (TTM): ₹2.94; Face value ₹2
OPM (TTM): 18.2%; Net margin 4.4%
Sales growth: +3.0%; Latest quarter vs a year ago
Profit growth: −45.4%; Latest quarter vs a year ago
Price to sales: 2.08; EV/EBITDA 15.9

Strengths

Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 4.4%.
Quarterly profit down 45.4% on a year ago.
46% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Sula Vineyards

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,…

Headquarters: Nashik
Employees: 713
Sector: Consumer Defensive
ISIN: INE142Q01026
Website: sulavineyards.com

Price range

52 weeks

₹125.30₹253.80

Today

₹136.00₹143.50

Avg volume (3M): 3 L
1-year return: minus 45.7%
From 52-week high: minus 45.7%

Peers · Beverages - Wineries & Distilleries

Compare with peers Screen the whole industry

Company
UNITDSPRUnited Spirits	1,418.00	plus 1.69%	1,00,686	59.8	11.11	25.5%	19.2%	17.8%	5.6%	17.4%	1.20%	minus 3.9%
RADICORadico Khaitan	4,515.20	minus 0.22%	60,499	75.9	16.49	24.0%	24.0%	19.4%	24.6%	40.0%	0.20%	plus 41.4%
ABDLAllied Blenders and Distillers	708.00	plus 1.28%	19,803	86.8	12.05	24.6%	13.3%	13.5%	7.4%	422.4%	0.76%	plus 4.0%
TITilaknagar Industries	485.50	minus 0.32%	12,035	–	3.98	–	−2.7%	15.7%	–	–	0.21%	minus 3.4%
PICCADILPiccadily Agro Industries	582.30	minus 1.20%	5,740	40.6	6.25	20.0%	17.4%	13.4%	19.5%	83.3%	0.17%	minus 14.5%
IGLSPIRITSIGL Spirits	852.28	minus 4.25%	5,713	95.9	–	–	–	0.0%	–	–	0.00%	minus 7.5%
GLOBUSSPRGlobus Spirits	693.25	minus 0.93%	2,181	22.0	1.62	12.4%	7.9%	10.0%	8.7%	−9.1%	0.94%	minus 38.4%
SULASula Vineyards	137.79	plus 0.01%	1,164	46.9	1.98	9.1%	4.4%	5.6%	2.6%	−32.7%	1.45%	minus 45.7%
Median of 7 peers	–	−0.32%	12,035	67.9	8.68	24.0%	15.4%	13.5%	8.7%	40.0%	0.21%	−3.9%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
110	131	180	135	113
91.3	105	148	107	96.3
18.3	25.5	32	27.7	16.6
16.7%	19.4%	17.7%	20.6%	14.7%
1	0.8	0.9	1.6	2.4
7.5	8.6	8.2	7.1	7.2
9.2	9.5	10.4	10.1	10.3
–	–	−1.7	−0.1	–
2.6	8.3	12.6	12	1.5
24.2%	27.2%	27.5%	28.4%	30.3%
1.9	6	9.1	8.6	1.1
0.23	0.71	1.08	1.02	0.13

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +2.6%
Profit CAGR 3Y: −32.7%
EPS CAGR 3Y: −33.2%
ROE: 4.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
471	518	525	508
–	+10.0%	+1.3%	minus 3.2%
313	340	375	403
158	178	150	105
33.6%	34.3%	28.6%	20.6%
1.2	4	0.6	0.3
19	24.5	27.8	29.2
25.9	31.6	35	39.2
−0.4	0.4	0.7	−1.3
114	126	88.3	35.4
26.3%	25.8%	20.5%	27.5%
84.1	93.3	70.2	25.7
–	+11.0%	minus 24.8%	minus 63.5%
10.18	11.05	8.32	3.04

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
16.9	16.9	16.9	16.9
515	533	569	571
203	324	315	333
147	152	179	175
881	1,026	1,081	1,096
410	457	503	519
3.3	8.7	15.1	11
19.2	97.2	7.2	7.2
449	464	555	559
881	1,026	1,081	1,096

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
89.9	121	58.4	101
−74.4	−42.9	−74.8	−33.3
−9.4	2.5	−73.5	−67.5
6.2	80.8	−90	−0
−69.1	−59.3	−67.5	−32.2
20.8	61.9	−9.1	68.5
−45.4	−78	−37.6	−30.7

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 16.5% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you