Sula Vineyards Limited

BSE: SULA543711ISIN INE142Q01026

Fast Moving Consumer Goods
Breweries & Distilleries
BSE Fast Moving Consumer Goods

Share price

₹135.20+4.50 (+3.44%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹261.10
52W low: ₹125.05
Off 52W high: -48.22%
1M return: +2.11%
3M return: -20.80%
6M return: -22.23%
1Y return: -46.78%
20D avg volume: 15,984
50 DMA: ₹136.51
200 DMA: ₹157.66

Key ratios Consolidated

Market cap: ₹1,142 Cr
Current price: ₹135.20
52W high / low: ₹261.10 / ₹125.05
Face value: ₹2.00
P/E: 46.09
P/B: 1.94
EPS (TTM): ₹2.93
Book value / share: ₹69.56
ROE: —
ROCE: 9.40%
Operating margin: —
Net margin: —
Debt / equity: 0.50
Net debt: ₹286.88 Cr
Interest cover: 2.13
Dividend yield: 1.48%
Dividend / share (TTM): ₹2.00
Payout: 68.26%
Cash conversion cycle: 209.6 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	120.79	142.56	195.68	139.66	118.29	133.09	216.64	141.21	128.44	131.70	217.54	142.83
	2.38	1.61	0.91	0.83	0.98	1.01	0.90	0.76	1.26	3.85	1.40	0.89
	123.17	144.17	196.59	140.49	119.27	134.10	217.54	141.97	129.70	135.55	218.94	143.72
	121.65	132.05	182.33	132.22	116.71	120.54	180.33	123.89	110.21	116.83	161.89	112.76
	12.40	71.96	17.02	10.97	10.28	77.79	18.93	13.05	11.71	88.88	18.51	15.56
	7.16	13.14	10.73	9.26	8.41	11.10	12.49	3.42	3.01	3.30	6.35	3.54
	22.01	20.41	24.79	23.16	23.35	20.91	25.30	23.80	23.81	21.09	22.52	21.58
	7.18	7.14	8.19	8.55	7.51	7.17	7.81	7.59	7.10	6.24	8.09	6.52
	10.28	10.08	10.41	9.47	9.21	8.74	8.93	8.69	8.63	8.35	8.11	7.61
	46.59	60.33	75.39	50.41	48.10	62.05	—	—	—	33.34	24.94	24.44
	1.52	12.12	14.26	8.27	2.56	13.56	37.21	18.08	19.49	18.72	57.05	30.96
	0.00	-0.12	-1.70	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1.52	12.00	12.56	8.27	2.56	13.56	37.21	18.08	19.49	18.72	57.05	30.96
	0.46	3.41	3.46	2.25	0.62	0.53	9.15	3.60	4.86	5.17	14.07	7.87
	1.06	8.59	9.10	6.02	1.94	13.03	28.06	14.48	14.63	13.55	42.98	23.09
	0.13	1.02	1.08	0.71	0.23	1.55	3.32	1.72	1.73	1.61	5.09	2.74
Key metrics
	18.98	29.22	31.16	26.29	19.28	29.47	53.95	34.36	35.22	33.31	73.25	45.09
	15.70%	20.50%	15.90%	18.80%	16.30%	22.10%	24.90%	24.30%	27.40%	25.30%	33.70%	31.60%
	0.90%	6.00%	4.70%	4.30%	1.60%	9.80%	13.00%	10.30%	11.40%	10.30%	19.80%	16.20%
	—	2.70%	—	2.40%	—	3.00%	—	—	—	—	—	—
	2.10%	7.10%	-9.70%	-1.10%	-7.90%	1.10%	-0.40%	-1.10%	—	—	—	—
	-45.40%	-34.10%	-67.60%	-58.40%	-86.70%	-3.80%	-34.70%	-37.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	598.69	596.19	619.38	608.65	553.24
	5.73	4.33	3.93	7.72	3.49
	604.42	600.52	623.31	616.37	556.73
	568.25	563.31	534.97	490.59	442.75
	112.35	110.23	121.48	133.85	120.45
	40.29	41.54	30.02	17.28	21.14
	90.37	91.71	93.82	86.95	77.46
	31.06	31.39	29.67	26.16	21.08
	40.24	39.17	34.99	31.63	25.89
	232.72	234.23	238.52	103.44	—
	36.17	37.21	88.34	125.78	113.98
	-1.82	-1.82	0.00	0.00	0.00
	34.35	35.39	88.34	125.78	113.98
	9.58	9.74	18.14	32.47	29.94
	24.77	25.65	70.20	93.31	84.03
	2.94	3.04	8.32	11.06	10.19
Key metrics
	105.65	105.95	153.00	183.57	160.95
	17.65%	17.80%	24.70%	30.20%	29.10%
	4.14%	4.30%	11.30%	15.30%	15.20%
	—	9.40%	16.90%	—	—
	-1.73%	-3.70%	1.80%	10.00%	—
	-56.93%	-63.50%	-24.80%	11.00%	—
	—	68.54	-9.10	—	—
	—	3.93	0.83	—	—
	—	0.50	0.51	—	—
	—	286.88	289.89	—	—
	—	209.6	211.1	—	—
Balance sheet
	—	1,096	1,081	—	—
	—	546.90	543.64	—	—
	—	7.19	7.22	—	—
	—	237.19	234.41	—	—
	—	200.91	216.07	—	—
	—	10.36	8.18	—	—
	—	507.66	488.18	—	—
	—	95.70	92.17	—	—
	—	383.78	383.23	—	—
	—	294.07	297.11	—	—
	—	237.44	229.45	—	—
	—	56.63	67.66	—	—
	—	587.40	586.27	—	—
Cash flow
	—	100.75	58.38	—	—
	—	-33.32	-74.81	—	—
	—	-67.46	-73.54	—	—
	—	32.21	67.48	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	106.65	111.24	169.63	120.26	99.31	96.41	180.93	123.75	125.78	126.63	207.93	138.67
	2.64	1.98	1.20	1.29	1.79	1.78	1.72	1.65	1.70	4.34	2.23	1.78
	109.29	113.22	170.83	121.55	101.10	98.19	182.65	125.40	127.48	130.97	210.16	140.45
	103.92	109.64	161.89	117.15	102.20	101.16	160.40	116.21	108.05	112.17	154.94	109.05
	8.12	61.09	15.55	11.08	8.11	69.15	15.15	11.57	16.85	85.14	18.41	15.78
	5.65	9.61	7.79	6.06	7.12	8.73	8.63	5.70	4.00	6.12	6.72	4.92
	20.00	18.31	22.71	21.31	21.66	19.22	23.68	22.23	22.28	19.95	21.53	20.64
	5.41	5.74	6.57	7.17	6.18	5.86	6.71	6.66	6.34	5.57	7.06	5.95
	7.53	7.42	7.66	7.56	7.53	7.16	7.46	7.21	7.09	6.70	6.87	6.45
	39.49	52.38	67.21	44.83	41.22	54.38	—	—	—	29.40	22.80	21.85
	5.37	3.58	8.94	4.40	-1.10	-2.97	22.25	9.19	19.43	18.80	55.22	31.40
	0.00	-8.11	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	5.37	-4.53	8.94	4.40	-1.10	-2.97	22.25	9.19	19.43	18.80	55.22	31.40
	1.31	1.23	2.32	1.25	0.19	1.92	5.92	1.80	4.86	5.17	14.07	7.87
	4.06	-5.76	6.62	3.15	-0.91	-4.89	16.33	7.39	14.57	13.63	41.15	23.53
	0.48	-0.68	0.78	0.38	-0.11	-0.58	1.94	0.87	1.73	1.61	4.88	2.79
Key metrics
	18.31	8.63	23.17	19.13	12.61	10.05	36.42	23.06	32.86	31.07	69.15	43.80
	17.20%	7.80%	13.70%	15.90%	12.70%	10.40%	20.10%	18.60%	26.10%	24.50%	33.30%	31.60%
	3.80%	-5.20%	3.90%	2.60%	-0.90%	-5.10%	9.00%	6.00%	11.60%	10.80%	19.80%	17.00%
	—	0.20%	—	1.80%	—	0.40%	—	—	—	—	—	—
	7.40%	15.40%	-6.20%	-2.80%	-21.00%	-23.90%	-13.00%	-10.80%	—	—	—	—
	546.20%	-17.80%	-59.50%	-57.40%	-106.20%	-135.90%	-60.30%	-68.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	507.78	500.44	526.87	588.86	529.60
	7.11	6.26	6.85	10.07	5.83
	514.89	506.70	533.72	598.93	535.43
	492.60	490.88	485.82	471.77	417.17
	95.84	95.83	112.72	129.95	121.14
	29.11	30.58	27.06	22.24	13.39
	82.33	83.99	87.41	83.15	75.52
	24.89	25.66	25.57	23.59	19.44
	30.17	30.17	28.92	26.81	23.84
	203.91	205.64	215.02	92.88	—
	22.29	15.82	47.90	127.16	118.26
	-8.11	-8.11	0.00	—	—
	14.18	7.71	47.90	127.16	118.26
	6.11	4.61	14.50	32.47	29.95
	8.07	3.10	33.40	94.69	88.31
	0.96	0.37	3.96	11.22	10.71
Key metrics
	69.24	63.54	102.39	177.56	161.54
	13.64%	12.70%	19.40%	30.20%	30.50%
	1.59%	0.60%	6.30%	16.10%	16.70%
	—	5.20%	11.10%	—	—
	1.47%	-5.00%	-10.50%	11.20%	—
	-54.97%	-90.70%	-64.70%	7.20%	—
	—	51.33	43.38	—	—
	—	23.51	2.78	—	—
	—	0.47	0.46	—	—
	—	256.68	258.53	—	—
	—	217.6	209.0	—	—
Balance sheet
	—	963.64	993.69	—	—
	—	449.72	449.25	—	—
	—	5.57	4.18	—	—
	—	199.56	186.14	—	—
	—	177.67	195.81	—	—
	—	—	7.63	—	—
	—	428.04	436.89	—	—
	—	78.93	80.40	—	—
	—	327.91	329.31	—	—
	—	262.25	262.71	—	—
	—	214.73	205.00	—	—
	—	47.52	57.71	—	—
	—	553.22	574.81	—	—
Cash flow
	—	72.89	92.79	—	—
	—	-15.15	-68.74	—	—
	—	-56.35	-85.89	—	—
	—	21.56	49.41	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -1.87%
Sales CAGR 5Y: —
Profit CAGR 3Y: -67.26%
Profit CAGR 5Y: —
Sales YoY (TTM): +1.47%
Profit YoY (TTM): -54.97%

Consolidated

Sales CAGR 3Y: +2.52%
Sales CAGR 5Y: —
Profit CAGR 3Y: -32.67%
Profit CAGR 5Y: —
Sales YoY (TTM): -1.73%
Profit YoY (TTM): -56.93%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 24.63%

Quarter	September 2026	June 2026
Promoter %	24.63%	24.63%

Holder	Type	Holding	Previous	Change
RAJEEV SURESH SAMANT	Promoter	23.33%	23.33%	0.00%
HDFC LARGE AND MID CAP FUND	Public	8.93%	8.93%	0.00%
SBI CONSUMPTION OPPORTUNITIES FUND	Public	3.37%	3.37%	0.00%
QUANT MUTUAL FUND - QUANT SMALL CAP FUND	Public	2.64%	3.92%	-1.28%
RUTA MOHAN SAMANT	Public	2.31%	2.31%	0.00%
VARA FUTURE LLP	Public	1.81%	1.45%	+0.36%
MIA SAMANT	Promoter Group	1.29%	1.29%	0.00%
MARGARITA SAMANT	Promoter Group	0.01%	0.01%	0.00%
RAJEEV SAMANT (TRUSTEE OF RASA TRUST)	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
United Spirits Limited	1,02,713	1,412.15	55.60	24.70%	+0.26% TTM	+12.84% TTM	-2.68%
Radico Khaitan Ltd.	58,620	4,375.00	73.61	23.80%	+14.30% TTM	+74.01% TTM	+36.76%
United Breweries Ltd.	31,820	1,203.45	65.73	13.60%	+5.10% TTM	+32.04% TTM	-33.58%
Allied Blenders and Distillers Limited	19,510	697.50	90.40	24.60%	-3.36% TTM	-15.32% TTM	+3.66%
Tilaknagar Industries Ltd	11,721	472.80	-325.16	2.50%	—	—	-6.23%
IGL Spirits Limited	6,175	921.25	—	—	—	—	—
Piccadily Agro Industries ltd.	5,856	594.10	41.67	20.10%	+29.74% TTM	+30.50% TTM	-13.97%
Globus Spirits Limited	2,108	669.95	22.90	12.60%	+12.80% TTM	+105.42% TTM	-40.98%
India Glycols Ltd	2,072	309.10	6.55	11.00%	+11.37% TTM	+29.76% TTM	—
G.M. Breweries Ltd. S	1,897	830.25	10.96	19.10%	+23.32% TTM	+20.90% TTM	-33.51%
Som Distilleries & Breweries Ltd.	1,457	73.87	-50.95	4.60%	-25.02% TTM	-128.43% TTM	-43.29%
Associated Alcohols & Breweries Ltd	1,146	570.85	13.87	17.10%	-5.57% TTM	-5.42% TTM	-52.17%
Sula Vineyards Limited	1,142	135.20	46.09	9.40%	-1.73% TTM	-56.93% TTM	-46.78%
ASGARD ALCOBEV LIMITED	1,044	33.52	309.05	5.80%	+68.28% TTM	+33.07% TTM	-17.03%
BCL INDUSTRIES LIMITED	852	28.87	6.76	15.60%	-11.89% TTM	+11.13% TTM	-27.02%
IFB Agro Industries Ltd	825	880.65	13.21	11.20%	+22.05% TTM	+20.54% TTM	-39.50%
Fratelli Vineyards Limited	557	119.00	-22.73	-7.20%	+0.57% TTM	-1.34% TTM	—
Jagatjit Industries Ltd.	548	123.75	50.25	10.90%	-30.57% TTM	+139.68% TTM	-35.86%
AGRIBIO SPIRITS LIMITED	346	317.90	80.69	2.10%	+53.14% TTM	+16.58% TTM	+45.36%
MONIKA ALCOBEV LIMITED S	291	135.55	9.04	21.40%	—	—	-53.62%
Suraj Industries Limited.	280	57.70	57.32	-0.20%	+452.86% TTM	+130.95% TTM	+15.45%
CUPID BREWERIES AND DISTILLERIES LIMITED S	212	23.25	-332.14	-0.10%	-100.00% TTM	-17.24% TTM	-77.83%
Comfort Intech Ltd	208	6.50	-59.66	2.90%	+12.01% TTM	-326.62% TTM	-15.58%
Shri Gang Industries & Allied Products Limited S	102	48.18	5.26	28.90%	+21.39% TTM	-29.46% TTM	-42.53%
TAHMAR ENTERPRISES LIMITED S	67	4.32	-16.00	-3.50%	-73.23% TTM	-11.26% TTM	-63.73%

Filings & corporate actions

Recent announcements

as attached2 Nov 2026 · Company Update / Analyst / Investor Meet
Sula Vineyards Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Pursuant to Regulation 29 of ....27 Oct 2026 · Board Meeting / Board Meeting
as attached8 Oct 2026 · AGM/EGM / Postal Ballot
as attached8 Oct 2026 · AGM/EGM / Postal Ballot
as attached6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
as attached28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
as attached8 Sep 2026 · Company Update / Newspaper Publication
as attached7 Sep 2026 · AGM/EGM / Postal Ballot
as attached14 Aug 2026 · Company Update / Analyst / Investor Meet
as attached13 Aug 2026 · Company Update / Earnings Call Transcript
Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the earnings call held today i.e. Friday, ....7 Aug 2026 · Company Update / Analyst / Investor Meet
As attached7 Aug 2026 · Company Update / Analyst / Investor Meet
As attached7 Aug 2026 · Company Update / Newspaper Publication
as attached6 Aug 2026 · Company Update / General
as attached6 Aug 2026 · Company Update / Investor Presentation
as attached6 Aug 2026 · Company Update / Press Release / Media Release
as attached6 Aug 2026 · Company Update / General
as attached6 Aug 2026 · Company Update / Change in Management
as attached6 Aug 2026 · Result / Financial Results
Dear Sir/Madam, In continuation to our letter dated 30th July, 2026 and in terms of Regulation 30, 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI ....6 Aug 2026 · Board Meeting / Outcome of Board Meeting
Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that earnings conference call will be ....30 Jul 2026 · Company Update / Analyst / Investor Meet
Sula Vineyards Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....30 Jul 2026 · Board Meeting / Board Meeting
As attached30 Jul 2026 · Company Update / General
The Exchange has sought clarification from Sula Vineyards Ltd on July 30, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.30 Jul 2026 · Company Update / Clarification
as attached8 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
as attached8 Jul 2026 · Company Update / General
as attached25 Jun 2026 · Company Update / Retirement
as attached25 Jun 2026 · Company Update / Change in Directorate
as attached25 Jun 2026 · AGM/EGM / AGM
as attached25 Jun 2026 · AGM/EGM / AGM
as attached25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
as attached24 Jun 2026 · Company Update / Memorandum of Understanding /Agreements
as attached17 Jun 2026 · Company Update / General
as attached16 Jun 2026 · Company Update / General
as attached10 Jun 2026 · Others / Outcome without intimation
As attached30 May 2026 · Company Update / Newspaper Publication
as attached29 May 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
as attached29 May 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
as attached29 May 2026 · AGM/EGM / AGM
as attached29 May 2026 · Others / Reg. 34 (1) Annual Report

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.0000	22 May 2026	22 May 2026	—
Final Dividend - Rs. - 3.6000	23 May 2025	23 May 2025	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
6 Aug 2026 Board Meeting - Financial Results