SULA VINEYARDS LIMITED (SULA) financials

SULA VINEYARDS LIMITED (SULA) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 2003, Sula Vineyards Limited is India's largest wine producer and seller as of March 31, 2022. The company also distributes wines under a bouquet of popular brands including "RASA," "Dindori", "The source," "Satori", "Madera" & "Dia" with its flagship brand "Sula" being the "category creator" of wine in India.[1]

Market Cap: ₹1,152Cr.
Current Price: ₹136
Stock P/E: 77.1
ROE: 1.14%
ROCE: 5.02%
Book Value: ₹65.5
Dividend Yield: 1.47%
52W High / Low: ₹262/130

In Jun 2026, SULA VINEYARDS LIMITED (SULA) reported sales ₹99.06 Cr and net profit ₹4.06 Cr.

Annual TTM: sales ₹470 Cr, net profit ₹8 Cr.

Shareholding: Promoters 24.62% (Sep 2026), FIIs 0.35% (Sep 2026), DIIs 14.97% (Sep 2026), Public 60.06% (Sep 2026), No. of Shareholders 2,60,773% (Sep 2026).

SULA quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	115.23	165.07	89.80	91.08	111.90	154.91	104.17	99.06
Expenses	93.82	130.37	81.53	80.26	94.06	132.94	89.41	83.39
Operating Profit	21.41	34.70	8.27	10.82	17.84	21.97	14.76	15.67
OPM %	18.58%	21.02%	9.21%	11.88%	15.94%	14.18%	14.17%	15.82%
Other Income	1.65	1.72	1.78	1.79	1.29	1.20	-6.13	2.64
Interest	6.66	6.71	5.86	6.18	7.17	6.57	5.74	5.41
Depreciation	7.21	7.46	7.16	7.53	7.56	7.66	7.42	7.53
Profit before tax	9.19	22.25	-2.97	-1.10	4.40	8.94	-4.53	5.37
Tax %	19.59%	26.61%	64.65%	-17.27%	28.41%	25.95%	27.15%	24.39%
Net Profit	7.39	16.33	-4.89	-0.91	3.15	6.62	-5.76	4.06
EPS in Rs	0.88	1.93	-0.58	-0.11	0.37	0.78	-0.68	0.48
Raw PDF	—	—	—	—	—	—	—	—

SULA profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	387	306	390	493	548	488	462	470
Expenses	333	249	283	336	381	393	396	400
Operating Profit	54	57	107	156	167	96	66	70
OPM %	14%	19%	27%	32%	31%	20%	14%	15%
Other Income	0	0	3	5	10	7	-2	-1
Interest	31	32	21	19	24	26	26	25
Depreciation	34	25	22	24	27	29	30	30
Profit before tax	-12	-0	66	118	127	48	8	14
Tax %	-32%	130%	26%	25%	26%	30%	60%	—
Net Profit	-8	-1	49	88	95	33	3	8
EPS in Rs	-1.09	-0.08	6.22	10.48	11.22	3.96	0.37	0.95
Dividend Payout %	0%	0%	39%	80%	76%	91%	545%	—

SULA balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	15	15	15	16	17	17	17	17
Reserves	329	311	313	399	539	558	558	536
Borrowings	275	357	310	226	192	292	269	265
Other Liabilities	142	160	109	116	142	140	150	145
Total Liabilities	761	843	747	757	890	1,008	994	964
Fixed Assets	317	349	318	342	394	417	438	429
CWIP	2	0	0	1	2	5	4	0
Investments	26	26	21	27	27	28	41	47
Other Assets	417	468	409	387	466	558	510	487
Total Assets	761	843	747	757	890	1,008	994	964

SULA cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	18	35	113	77	81	113	64	73
Cash from Investing Activity	-59	-43	-12	-39	-71	-35	-69	-15
Cash from Financing Activity	30	41	-96	-69	-4	1	-86	-56
Net Cash Flow	-11	32	5	-31	6	79	-91	1
Free Cash Flow	-39	-9	97	37	13	58	15	51
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	43%	85%	187%	88%	69%	88%	82%	108%

SULA shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	24.66%	24.66%	24.35%	24.35%	24.35%	24.55%	24.62%	24.62%
FIIs	9.61%	7.97%	6.68%	4.05%	1.65%	1.11%	0.68%	0.35%
DIIs	19.89%	18.26%	18.25%	18.01%	17.78%	17.30%	16.22%	14.97%
Public	45.84%	49.11%	50.71%	53.58%	56.22%	57.03%	58.48%	60.06%
No. of Shareholders	2,47,695	2,61,898	2,66,414	2,73,146	2,69,331	2,61,232	2,62,927	2,60,773

SULA key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	114	126	131	85	78	107	139	158
Inventory Days	304	420	752	904	811	777	810	606
Days Payable	152	217	287	381	376	323	332	269
Cash Conversion Cycle	265	329	595	608	513	561	616	494
Working Capital Days	26	-21	-15	38	78	9	88	91
ROCE %	11%	3%	6%	14%	20%	19%	9%	5%

SULAUpdated 16 Oct 2026, 22:00

Sula Vineyards Limited

SULAUpdated 16 Oct 2026, 22:00

Market Cap

₹1,152Cr.

Current Price

₹136

High / Low

₹262/130

Stock P/E

77.1

ROE1.14%

ROCE5.02%

Book Value₹65.5

Face Value₹2.00

Dividend Yield1.47%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	107.56	5.01	75.74	1.72	6.79	21.74	24.66	16.38	1.94
Sep 2023	129.58	5.95	87.56	1.78	6.45	31.4	25.06	23.53	2.79
Dec 2023	193.49	7.06	126.57	2.23	6.87	55.22	25.48	41.15	4.88
Mar 2024	117.49	5.57	90.76	4.34	6.7	18.8	27.5	13.63	1.62
Jun 2024	118.35	6.34	87.19	1.7	7.09	19.43	25.01	14.57	1.73
Sep 2024	115.23	6.66	93.82	1.65	7.21	9.19	19.59	7.39	0.88
Dec 2024	165.07	6.71	130.37	1.72	7.46	22.25	26.61	16.33	1.93
Mar 2025	89.8	5.86	81.53	1.78	7.16	-2.97	64.65	-4.89	-0.58
Jun 2025	91.08	6.18	80.26	1.79	7.53	-1.1	-17.27	-0.91	-0.11
Sep 2025	111.9	7.17	94.06	1.29	7.56	4.4	28.41	3.15	0.37
Dec 2025	154.91	6.57	132.94	1.2	7.66	8.94	25.95	6.62	0.78
Mar 2026	104.17	5.74	89.41	-6.13	7.42	-4.53	27.15	-5.76	-0.68
Jun 2026	99.06	5.41	83.39	2.64	7.53	5.37	24.39	4.06	0.48

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2018	418	17	361	3	15	29	35	19	2.52
Mar 2019	501	24	423	3	19	38	49	20	2.62
Mar 2020	387	31	333	0	34	-12	-32	-8	-1.09
Mar 2021	306	32	249	0	25	0	130	-1	-0.08
Mar 2022	390	21	283	3	22	66	26	49	6.22
Mar 2023	493	19	336	5	24	118	25	88	10.48
Mar 2024	548	24	381	10	27	127	26	95	11.22
Mar 2025	488	26	393	7	29	48	30	33	3.96
Mar 2026	462	26	396	-2	30	8	60	3	0.37
TTM	470	25	400	-1	30	14	—	8	0.95

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	24.62%
FIIs	0.35%
DIIs	14.97%
Public	60.06%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	26.27%	19.69%	19.56%	34.49%
Mar 2024	26.18%	13.85%	22.61%	37.36%
Jun 2024	25.47%	12.03%	22.23%	40.26%
Sep 2024	24.66%	10.6%	21.68%	43.04%
Dec 2024	24.66%	9.61%	19.89%	45.84%
Mar 2025	24.66%	7.97%	18.26%	49.11%
Jun 2025	24.35%	6.68%	18.25%	50.71%
Sep 2025	24.35%	4.05%	18.01%	53.58%
Dec 2025	24.35%	1.65%	17.78%	56.22%
Mar 2026	24.55%	1.11%	17.3%	57.03%
Jun 2026	24.62%	0.68%	16.22%	58.48%
Sep 2026	24.62%	0.35%	14.97%	60.06%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2018	15	311	220	128	674	276	1	21	376	674
Mar 2019	15	329	275	142	761	317	2	26	417	761
Mar 2020	15	311	357	160	843	349	0	26	468	843
Mar 2021	15	313	310	109	747	318	0	21	409	747
Mar 2022	16	399	226	116	757	342	1	27	387	757
Mar 2023	17	539	192	142	890	394	2	27	466	890
Mar 2024	17	558	292	140	1008	417	5	28	558	1008
Mar 2025	17	558	269	150	994	438	4	41	510	994
Mar 2026	17	536	265	145	964	429	0	47	487	964

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2018	17	-59	40	-2
Mar 2019	18	-59	30	-11
Mar 2020	35	-43	41	32
Mar 2021	113	-12	-96	5
Mar 2022	77	-39	-69	-31
Mar 2023	81	-71	-4	6
Mar 2024	113	-35	1	79
Mar 2025	64	-69	-86	-91
Mar 2026	73	-15	-56	1

Key ratios

Historical financial ratios

Category	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	126	114	126	131	85	78	107	139	158
Inventory Days	328	304	420	752	904	811	777	810	606
Days Payable	155	152	217	287	381	376	323	332	269
Cash Conversion Cycle	299	265	329	595	608	513	561	616	494
Working Capital Days	191	26	-21	-15	38	78	9	88	91
ROCE %	—	11%	3%	6%	14%	20%	19%	9%	5%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of SULA VINEYARDS LIMITED (SULA)?

The reported market capitalisation for SULA VINEYARDS LIMITED (SULA) is ₹1,152Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of SULA?

The current price shown for SULA VINEYARDS LIMITED (SULA) on Fincrux is ₹136 with a 52-week high/low of ₹262/130.

What is the P/E ratio of SULA VINEYARDS LIMITED (SULA)?

The stock P/E for SULA VINEYARDS LIMITED (SULA) is 77.1 on Fincrux, with ROE at 1.14% and ROCE at 5.02%.

What were SULA latest quarterly results?

For Jun 2026, SULA VINEYARDS LIMITED (SULA) reported sales ₹99.06 Cr and net profit ₹4.06 Cr (figures in ₹ crore unless noted).

What are SULA annual sales and net profit?

For TTM, SULA VINEYARDS LIMITED (SULA) shows sales of ₹470 Cr and net profit of ₹8 Cr on the Fincrux profit & loss statement.

Who owns SULA VINEYARDS LIMITED (SULA)?

Latest shareholding for SULA VINEYARDS LIMITED (SULA) on Fincrux: Promoters 24.62% (Sep 2026), FIIs 0.35% (Sep 2026), DIIs 14.97% (Sep 2026), Public 60.06% (Sep 2026), No. of Shareholders 2,60,773% (Sep 2026).

Where can I find SULA VINEYARDS LIMITED (SULA) financials?

SULA VINEYARDS LIMITED (SULA) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show SULA balance sheet and cash flow?

Yes. The SULA VINEYARDS LIMITED (SULA) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 16 October 2026 at 22:00