SULA
Sula Vineyards Limited (SULA) Stock Analysis
Sula Vineyards Limited is India's leading wine producer with vineyards and wineries in Nashik. It sells still and sparkling wines under Sula and other labels through retail, hospitality, and exports. The company also operates wine tourism resorts driving brand engagement. It is listed on Indian stock exchanges.
Consumer Defensive › Beverages - Wineries & Distilleries
₹134.30
-1.50% 1W | -52.70% 52W
Market Cap
1.1k CR
P/E Ratio
45.5
52W High
₹292.7
52W Low
₹132.1
Div. Yield
1.49%
Beta
0.4
50 DMA
₹149.7
200 DMA
₹167.4
Profit Margin
4.4%
Inst. Own.
16.4%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 108.49 | 133.69 | 203.04 | 122.52 | 120.93 | 132.36 | 200.15 | 125.71 | 109.64 | 130.91 | 180.39 | 134.91 | 112.87 |
| Expenses | 78.14 | 89.49 | 131.19 | 93.06 | 86.97 | 98.76 | 147.10 | 97.25 | 91.34 | 105.45 | 148.44 | 107.17 | 96.27 |
| Operating Profit | 30.35 | 44.20 | 71.85 | 29.46 | 33.96 | 33.60 | 53.05 | 28.46 | 18.30 | 25.46 | 31.95 | 27.74 | 16.60 |
| OPM % | 27.97% | 33.06% | 35.39% | 24.05% | 28.08% | 25.39% | 26.51% | 22.64% | 16.69% | 19.45% | 17.71% | 20.56% | 14.71% |
| Other Income | 1.57 | 0.89 | 1.40 | 3.85 | 1.26 | 0.76 | 0.90 | 1.01 | 0.98 | 0.83 | -0.79 | 1.49 | 2.38 |
| Interest | 5.32 | 6.52 | 8.09 | 6.24 | 7.10 | 7.59 | 7.81 | 7.17 | 7.51 | 8.55 | 8.19 | 7.14 | 7.18 |
| Depreciation | 7.56 | 7.61 | 8.11 | 8.35 | 8.63 | 8.69 | 8.93 | 8.74 | 9.21 | 9.47 | 10.41 | 10.08 | 10.28 |
| Profit before tax | 19.04 | 30.96 | 57.05 | 18.72 | 19.49 | 18.08 | 37.21 | 13.56 | 2.56 | 8.27 | 12.56 | 12.01 | 1.52 |
| Tax % | 28.15% | 25.42% | 24.66% | 27.62% | 24.94% | 19.91% | 24.59% | 3.91% | 24.22% | 27.21% | 27.55% | 28.39% | 30.26% |
| Net Profit | 13.68 | 23.09 | 42.98 | 13.55 | 14.63 | 14.48 | 28.06 | 13.03 | 1.94 | 6.02 | 9.10 | 8.60 | 1.06 |
| EPS in Rs | 1.62 | 2.74 | 5.09 | 1.61 | 1.73 | 1.72 | 3.32 | 1.54 | 0.23 | 0.71 | 1.08 | 1.02 | 0.13 |
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 485 | 386 | 424 | 516 | 568 | 579 | 556 | 559 |
| Expenses | 432 | 322 | 311 | 358 | 392 | 430 | 452 | 457 |
| Operating Profit | 53 | 64 | 113 | 158 | 176 | 149 | 104 | 102 |
| OPM % | 11% | 17% | 27% | 31% | 31% | 26% | 19% | 18% |
| Other Income | -2 | -2 | 3 | 3 | 8 | 4 | 2 | 4 |
| Interest | 33 | 33 | 23 | 21 | 26 | 30 | 31 | 31 |
| Depreciation | 35 | 26 | 24 | 26 | 32 | 35 | 39 | 40 |
| Profit before tax | -17 | 3 | 70 | 114 | 126 | 88 | 35 | 34 |
| Tax % | -8% | 5% | 25% | 26% | 26% | 21% | 28% | |
| Net Profit | -16 | 3 | 52 | 84 | 93 | 70 | 26 | 25 |
| EPS in Rs | -10.42 | 1.98 | 6.63 | 9.98 | 11.06 | 8.32 | 3.04 | 2.94 |
| Dividend Payout % | 0% | 126% | 36% | 84% | 77% | 43% | 66% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 2.0% | 8.0% | – |
| Profit CAGR | -32.0% | 32.0% | – |
Shareholding Pattern
Promoters24.35%
FIIs6.68%
DIIs18.25%
Public50.71%
Promoters24.35%
FIIs4.05%
DIIs18.01%
Public53.58%
Promoters24.35%
FIIs1.65%
DIIs17.78%
Public56.22%
Promoters24.55%
FIIs1.11%
DIIs17.30%
Public57.03%
Promoters24.62%
FIIs0.68%
DIIs16.22%
Public58.48%
Promoters27.33%
FIIs5.86%
DIIs11.76%
Public55.06%
Promoters26.18%
FIIs13.85%
DIIs22.61%
Public37.36%
Promoters24.66%
FIIs7.97%
DIIs18.26%
Public49.11%
Promoters24.55%
FIIs1.11%
DIIs17.30%
Public57.03%
Promoters24.62%
FIIs0.68%
DIIs16.22%
Public58.48%
SULA
Holdings Analysis
Key strengths & risk signals
48
Overall
38
Fundamental
59
Technical
Risks (4)
Cannot calculate PEG - insufficient growth data.
POOR YEAR! Stock declined 52.7% in the last year.
WEAK POSITION! Current price (134.3) is below both moving averages.
WEAK! Trading at 1.4% of 52W range - near yearly lows.
Strengths (4)
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
BULLISH SENTIMENT! In last 30 days: 6 up days, 24 down days. Avg volume on up days: 903,154 vs down days: 357,474. Ratio: 2.53x
OVERSOLD! RSI at 28.5 - potential bounce opportunity.
LOW VOLATILITY! Beta of 0.40 - stable stock, less market risk.
Fundamental & Technical Analysis
48Overall
38Fundamental
59Technical
Fundamental Breakdown
Growth Quality
7/30
Revenue CAGR: 2.6% (SLOW, 5/15). Profit CAGR: -32.7% (DECLINING, 2/15).
Profit Margin
2/10
LOW MARGIN! 4.4% profit margin - thin profits.
PEG Valuation
1/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
5/10
LOW DIVIDEND! 1.49% yield - minimal income contribution.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
5/20
TOO MUCH PUBLIC HOLDING! 55.73% public ownership - higher volatility risk.
Stability Index
8/10
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (149.7) is below 200-day average (167.4) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (134.3) is below both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
0/10
POOR YEAR! Stock declined 52.7% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 6 up days, 24 down days. Avg volume on up days: 903,154 vs down days: 357,474. Ratio: 2.53x
RSI
5/5
OVERSOLD! RSI at 28.5 - potential bounce opportunity.
52W Range
1/5
WEAK! Trading at 1.4% of 52W range - near yearly lows.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 1.5% (1 week), 9.9% (1 month), 13.2% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.40 - stable stock, less market risk.
SULA
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-08-13 | Concall PDF | |
| Q4FY262026-05-13 | Concall PDF | |
| Q3FY262026-02-13 | Concall PDF | |
| Q2FY262025-11-17 | Concall PDF |
Peer Comparison
Consumer Defensive · Beverages - Wineries & Distilleries · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SULA | ₹134.30 | 45.5 | 4.4% | 2.6% | -32.7% | -52.7% | 48 | BREAKDOWN | -42.1% | -87.2% | +3.0% | -16.3% |
| BCLIND | ₹33.30 | 8.4 | 4.5% | 14.8% | 20.2% | -23.4% | 67 | BREAKDOWN | +5.6% | +38.6% | -26.4% | +0.2% |
| ASALCBR | ₹652.90 | 15.4 | 8.0% | 13.0% | 28.6% | -34.0% | 59 | BOUNCE FROM SUPPORT | -24.6% | -24.3% | +5.3% | +17.8% |
| IFBAGRO | ₹870.10 | 13.7 | 4.0% | 4.1% | 4.8% | +14.6% | 48 | CONSOLIDATING DOWN | +18.6% | +119.4% | +35.8% | +8.0% |
| RKDL | ₹18.70 | 233.8 | 0.9% | -10.7% | – | -35.7% | 40 | BREAKOUT | – | – | -9.8% | -46.4% |
| GMBREW | ₹947.00 | 12.8 | 8.9% | 8.0% | 16.2% | +31.6% | 73 | HIT RESISTANCE | +45.6% | -30.3% | +22.5% | -1.3% |
| GLOBUSSPR | ₹831.40 | 7.1 | 3.6% | 8.7% | -9.1% | -24.8% | 41 | BREAKDOWN | +49.4% | +24.9% | +12.7% | +24.8% |
| PICCADIL | ₹590.00 | 40.9 | 13.1% | 19.5% | 83.3% | -22.4% | 69 | BOUNCE FROM SUPPORT | +16.3% | -52.7% | +16.7% | -25.8% |
Data from TradeAlone · Updated daily
