| ₹ 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 29 October 2026 close · figures from the company's filings with NSE
Sula Vineyards (NSE: SULA) had a market capitalisation of ₹1,059 crore at the 29 October 2026 close (₹125.41 a share), a PE ratio of 42.8 on the last four quarters' profit and a price-to-book ratio of 1.80. 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 42.8 at the 29 October 2026 close (₹125.41 a share): a market capitalisation of ₹1,059 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 41.3.
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 ₹1,059 crore at the 29 October 2026 close.
Sula Vineyards' price-to-book (PB) ratio is 1.80 at the 29 October 2026 close: a market capitalisation of ₹1,059 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 ₹125.41.
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 29 October 2026 close was ₹125.41.
Sula Vineyards' market capitalisation was ₹1,059 crore at the 29 October 2026 close: 8.45 crore shares at ₹125.41 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 1.59% at the 29 October 2026 close: dividends of ₹2 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹125.41. 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%.
At the 29 October 2026 closing prices, on FY26 net profit, Sula Vineyards' PE ratio is 41.3, the second highest of the four: Bcl Industries 7.7, Associated Alcohols & Breweries 12.2 and Som Distilleries & Breweries 162.0, a peer average of 60.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.
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%). At the 29 October 2026 close, Sula Vineyards' market capitalisation was ₹1,059 crore against ₹881 crore for Bcl Industries, and its PE ratio on FY26 profit 41.3 against 7.7.
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' 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%.
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.
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, and NSE prices (the latest used here: the 29 October 2026 close). 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.