Sula Vineyards cash flow

Latest FY26

Cash from operations: ₹101cr+72.6% on FY25
Capital spending: ₹32.2cr−52.3% on FY25
Free cash flow: ₹68.5cr−₹9.1 cr in FY25
Cash from financing: −₹67.5cr−₹73.5 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023

Adjustments to reconcile profit — non-cash items
	—	39.2	35.0	31.6	25.9
	—	2.1	0.0	0.0	2.0
	—	29.2	27.8	24.5	19.0
	—	−2.6	−2.4	−5.6	−2.7
	—	0.0	0.3	0.0	0.0
	—	3.3	3.8	1.2	1.0
	—	0.0	−0.0	0.0	−0.1
	—	−1.2	0.1	1.7	0.4
	—	0.2	−0.7	−1.6	0.6
Changes in working capital
	—	15.6	−18.5	−19.4	−18.2
	—	−3.1	−65.1	−53.0	−7.6
	—	−15.9	−2.9	50.6	−34.7
	—	4.7	13.0	2.0	0.0
	—	0.0	0.0	0.0	16.4
	—	0.0	0.0	−2.1	0.0
Cash from operating activities
	34.4	35.4	88.3	126	114
	—	71.5	−9.7	29.9	2.1
	—	107	78.7	156	116
	—	6.2	20.3	34.4	27.8
	—	101	58.4	121	88.3
Cash from investing activities
	—	32.2	67.5	59.3	69.1
	—	0.2	2.1	0.9	0.2
	—	0.0	0.0	0.0	6.5
	—	0.0	13.0	0.0	0.2
	—	0.1	0.5	0.4	0.0
	—	0.0	0.0	5.0	0.0
	—	1.0	2.3	1.2	2.9
	—	−2.2	1.8	9.7	0.0
	—	−33.3	−74.8	−42.9	−72.7
Cash from financing activities
	—	0.7	0.2	2.1	96.0
	—	59.5	61.5	142	57.4
	—	62.5	64.0	33.9	94.6
	—	8.6	6.9	5.9	0.0
	—	—	—	1.6	0.0
	—	25.7	26.8	22.0	17.5
	—	30.7	37.6	78.0	45.4
	—	0.0	0.0	0.0	−5.3
	—	−67.5	−73.5	2.5	−9.4
	—	−0.0	−90.0	80.8	6.2
	—	−0.0	−90.0	80.8	6.2
	—	—	—	97.2	16.4
Reference items
	102	103	149	176	157
	17.0%	17.4%	24.1%	28.9%	28.5%
	68.5	68.5	−9.1	61.9	19.2
	—	39.8	−38.4	148	—
	₹8.12	₹8.12	−₹1.08	₹7.33	₹2.27
	15.87×	—	—	—	—
	—	3.93×	0.83×	1.30×	1.05×
	—	6.2	20.3	34.4	27.8
	—	25.7	26.8	22.0	17.5

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

SULA₹128.81

Sula Vineyards Limited

· FMCG & Retail

₹ CrorePeersBCLIND ASALCBR SDBL IFBAGRO GMBREW GLOBUSSPR RKDLMcap ₹1,088 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	25.9	31.6	35.0	39.2	—
+ Impairment Loss / (Reversal)	2.0	0.0	0.0	2.1	—
+ Finance Costs	19.0	24.5	27.8	29.2	—
+ Interest Income	-2.7	-5.6	-2.4	-2.6	—
+ Fair Value (Gains) / Losses	0.0	0.0	0.3	0.0	—
+ Share-based Payments	1.0	1.2	3.8	3.3	—
+ Unrealised FX (Gain) / Loss	-0.1	0.0	-0.0	0.0	—
+ Other Non-cash Items	0.4	1.7	0.1	-1.2	—
+ Other — Cash Effects are Investing / Financing	0.6	-1.6	-0.7	0.2	—
Changes in Working Capital
+ Inventories	-18.2	-19.4	-18.5	15.6	—
+ Trade Receivables — Current	-7.6	-53.0	-65.1	-3.1	—
+ Other Current Assets	-34.7	50.6	-2.9	-15.9	—
+ Trade Payables — Current	0.0	2.0	13.0	4.7	—
+ Trade Payables — Non-current	16.4	0.0	0.0	0.0	—
+ Provisions — Current	0.0	-2.1	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	114.0	125.8	88.3	35.4	34.4
+ Total Adjustments (incl. Working Capital)	2.1	29.9	-9.7	71.5	—
Cash from Operations (pre-tax)	116.0	155.6	78.7	106.9	—
+ Income Taxes Paid	27.8	34.4	20.3	6.2	—
Cash from Operating Activities	88.3	121.2	58.4	100.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	69.1	59.3	67.5	32.2	—
+ Disp of Fixed Assets	0.2	0.9	2.1	0.2	—
+ Acq of Other Long-term Assets	6.5	0.0	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	0.2	0.0	13.0	0.0	—
+ Loans & Advances Made	0.0	0.4	0.5	0.1	—
+ Government Grants Received	0.0	5.0	0.0	0.0	—
+ Interest Received — Investing	2.9	1.2	2.3	1.0	—
+ Other Inflows / (Outflows) — Investing	0.0	9.7	1.8	-2.2	—
Cash from Investing Activities	-72.7	-42.9	-74.8	-33.3	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	96.0	2.1	0.2	0.7	—
+ Proceeds from Borrowings	57.4	141.8	61.5	59.5	—
+ Repayment of Borrowings	94.6	33.9	64.0	62.5	—
+ Payment of Lease Liabilities	0.0	5.9	6.9	8.6	—
+ Payment of Finance Lease Liabilities	0.0	1.6	—	—	—
+ Interest Paid	17.5	22.0	26.8	25.7	—
+ Dividends Paid	45.4	78.0	37.6	30.7	—
+ Other Inflows / (Outflows) — Financing	-5.3	0.0	0.0	0.0	—
Cash from Financing Activities	-9.4	2.5	-73.5	-67.5	—
Net Changes in Cash (pre-FX)	6.2	80.8	-90.0	-0.0	—
Net Changes in Cash	6.2	80.8	-90.0	-0.0	—
Closing Cash	16.4	97.2	—	—	—
Reference Items
EBITDA	157.5	175.9	149.1	103.4	101.7
EBITDA Margin %	28.46	28.89	24.07	17.35	16.99
Free Cash Flow (CFO − Capex)	19.2	61.9	-9.1	68.5	68.5
Free Cash Flow to Equity	—	147.8	-38.4	39.8	—
Free Cash Flow per Basic Share	2.27	7.33	-1.08	8.12	8.12
Price to Free Cash Flow	—	—	—	—	15.87
Cash Flow to Net Income	1.05	1.30	0.83	3.93	—
Cash Paid for Taxes	27.8	34.4	20.3	6.2	—
Cash Paid for Interest	17.5	22.0	26.8	25.7	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.