| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 121 | 118 | +2.1% |
| EBITDA | 16.6 | 18.3 | −9.3% |
| EBITDA margin | 13.7% | 15.5% | −1.7 pts |
| Profit before tax | 1.5 | 2.6 | −40.6% |
| Net profit | 1.1 | 1.9 | −45.4% |
| EPS | ₹0.13 | ₹0.23 | −43.5% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 |
|---|
| 1,088 | — | — | — | — | |
| 7.2 | 7.2 | 7.2 | 97.2 | 16.4 | |
| 294 | 294 | 297 | 300 | 192 | |
| 1,375 | — | — | — | — | |
| 599 | 596 | 619 | 609 | 553 | |
| — | −3.7% | +1.8% | +10.0% | — | |
| 102 | 103 | 149 | 176 | 157 | |
| 17.0% | 17.4% | 24.1% | 28.9% | 28.5% | |
| 61.5 | 64.3 | 114 | 144 | 132 | |
| 24.8 | 25.7 | 70.2 | 93.3 | 84.0 | |
| 4.1% | 4.3% | 11.3% | 15.3% | 15.2% | |
| ₹2.93 | ₹3.04 | ₹8.31 | ₹11.05 | ₹9.95 | |
| — | −63.5% | −24.8% | +11.0% | — | |
| — | 101 | 58.4 | 121 | 88.3 | |
| — | −32.2 | −67.5 | −59.3 | −69.1 | |
| 68.5 | 68.5 | −9.1 | 61.9 | 19.2 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 1,087.8 | |
| - Cash, Equiv & ST Investments | 16.4 | 97.2 | 7.2 | 7.2 | 7.2 | |
| + Total Debt | 191.8 | 299.6 | 297.1 | 294.1 | 294.1 | |
| Enterprise Value | — | — | — | — | 1,374.7 | |
| Revenue | 553.2 | 608.7 | 619.4 | 596.2 | 598.7 | |
| Growth %, YoY | — | +10.0 | +1.8 | -3.7 | — | |
| EBITDA | 157.5 | 175.9 | 149.1 | 103.4 | 101.7 | |
| Margin % | 28.46 | 28.89 | 24.07 | 17.35 | 16.99 | |
| EBIT | 131.6 | 144.2 | 114.1 | 64.3 | 61.5 | |
| Net Income | 84.0 | 93.3 | 70.2 | 25.7 | 24.8 | |
| Margin % | 15.19 | 15.33 | 11.33 | 4.30 | 4.14 | |
| EPS, Adj (current shares) | 9.95 | 11.05 | 8.31 | 3.04 | 2.93 | |
| Growth %, YoY | — | +11.0 | -24.8 | -63.5 | — | |
| Cash from Operations | 88.3 | 121.2 | 58.4 | 100.8 | — | |
| Capital Expenditures | -69.1 | -59.3 | -67.5 | -32.2 | — | |
| Free Cash Flow | 19.2 | 61.9 | -9.1 | 68.5 | 68.5 | |
Prices at the previous close · figures from the company's filings with NSE
Sula Vineyards (NSE: SULA) had a market capitalisation of ₹1,088 crore at the previous close (₹128.81 a share), a PE ratio of 43.9 on the last four quarters' profit and a price-to-book ratio of 1.85. In FY26 its consolidated net profit was ₹25.7 crore on revenue of ₹596 crore; in Q1 FY27 (April–June 2026) it was ₹1.1 crore, down 45.4% year on year. Its debt-to-equity ratio was 0.50 on 31 March 2026. Promoters held 24.62% of the shares on 30 September 2026.
Sula Vineyards' PE ratio is 43.9 at the previous close (₹128.81 a share): a market capitalisation of ₹1,088 crore divided by consolidated net profit of ₹24.8 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹25.7 crore) it is 42.4.
Sula Vineyards' debt-to-equity ratio was 0.50 on 31 March 2026: borrowings of ₹294 crore against total equity of ₹587 crore. A year earlier, on 31 March 2025, it was 0.51.
Sula Vineyards' net worth — shareholders' equity in its consolidated balance sheet — was ₹587 crore on 31 March 2026, up 0.2% from ₹586 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,088 crore at the previous close.
Sula Vineyards' price-to-book (PB) ratio is 1.85 at the previous close: a market capitalisation of ₹1,088 crore divided by shareholders' equity (book value) of ₹587 crore on 31 March 2026. That is a book value of ₹69.56 per share against a share price of ₹128.81.
In FY26, Sula Vineyards' return on equity (ROE) was 4.4% and its return on capital employed (ROCE) was 9.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 12.4% and ROCE 17.1%.
Sula Vineyards' book value per share was ₹69.56 on 31 March 2026: shareholders' equity of ₹587 crore divided by the 8.45 crore shares in issue, up 0.1% from ₹69.46 a year earlier. The share price at the previous close was ₹128.81.
Sula Vineyards' market capitalisation was ₹1,088 crore at the previous close: 8.45 crore shares at ₹128.81 each.
Sula Vineyards' basic earnings per share (EPS) were ₹3.04 in FY26, against ₹8.32 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹2.94.
In 2026, Sula Vineyards has declared one dividend: ₹2 with record date 22 May 2026.
No. Sula Vineyards had borrowings of ₹294 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.50. Its cash and current investments were ₹9.4 crore, so its net debt was ₹285 crore.
Sula Vineyards' dividend yield is 1.55% at the previous close: dividends of ₹2 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹128.81. They were ₹2 on 22 May 2026.
Promoters held 24.62% of Sula Vineyards on 30 September 2026, unchanged from the previous quarter and up 0.27 percentage points from 24.35% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Sula Vineyards' shares were held by promoters 24.62%, foreign portfolio investors (FII/FPI) 0.35%, domestic institutions (DII) 14.97% (including mutual funds at 14.94%) and retail and other non-institutional investors 60.06%. Over the year, FII holding was down 3.70 percentage points from 4.05% and DII holding was down 3.04 percentage points from 18.01%.
Sula Vineyards' latest results are for Q1 FY27 (April–June 2026), filed on 6 August 2026: consolidated net profit ₹1.1 crore, down 45.4% from ₹1.9 crore in Q1 FY26; revenue from operations ₹121 crore, up 2.1% year on year.
In FY26 (April 2025–March 2026), Sula Vineyards' consolidated net profit was ₹25.7 crore, down 63.5% from ₹70.2 crore in FY25, on revenue from operations of ₹596 crore (down 3.7%). Over three years, from FY23, net profit was down 69.5%.
In FY26, Sula Vineyards generated ₹101 crore of cash from operations and spent ₹32.2 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹68.5 crore. In FY25 it was −₹9.1 crore.
Sula Vineyards will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.
In FY26, Sula Vineyards earned net profit of ₹25.7 crore on revenue of ₹596 crore, against ₹115 crore on ₹2,904 crore for Bcl Industries. Sula Vineyards' operating margin was 10.8% (Bcl Industries 6.6%) and its return on equity 4.4% (Bcl Industries 13.4%).
On FY26 consolidated figures, against Bcl Industries, Associated Alcohols & Breweries and Som Distilleries & Breweries: Sula Vineyards' operating margin of 10.8% is the second highest of the four (Bcl Industries 6.6%, Associated Alcohols & Breweries 11.5%, Som Distilleries & Breweries 2.3%; peer average 6.8%); its return on equity of 4.4% is the third highest of the four (Bcl Industries 13.4%, Associated Alcohols & Breweries 14.6%, Som Distilleries & Breweries 1.2%; peer average 9.7%).
From Sula Vineyards' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.