Sula Vineyards Ltd (SULA) — shareholding pattern, promoter holding, financials and share price
About Sula Vineyards Ltd (SULA)
Sula Vineyards Ltd operates in the Breweries & Distilleries industry, within the Fast Moving Consumer Goods sector. It trades on the NSE as SULA and on the BSE under scrip code 543711. Its ISIN is INE142Q01026.
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]
Sula Vineyards Limited manufactures, markets and sells premium wines and operates wine tourism assets including vineyard resorts, tasting rooms and D2C channels, with additional activities in import and distribution of international labels and a minority of alco-bev adjacent businesses.
Q3 and 9M FY26 revenue softened materially with Revenue from Operations at INR195.7 crore in Q3 (down 9.7% YoY) and Operating EBITDA for Q3 at INR32.0 crore (down 39.8% YoY), driven largely by a one-time tactical destocking in Karnataka that removed ~INR21 crore of revenue in the quarter.
Listed peers in Breweries & Distilleries: Associated Alcohols & Breweries Ltd, Som Distilleries & Breweries Ltd, BCL Industries Ltd, IFB Agro Industries Ltd, Jagatjit Industries Ltd, Monika Alcobev Ltd.
Valuation & Returns
10 Jul 2026At ₹150 a share on 10 Jul 2026, Sula Vineyards Ltd (SULA) was valued at a price-to-earnings ratio of 49.37x against an industry P/E of 54.25x and a price-to-book of 2.16x on a book value of ₹69.56 per share as of Mar 2026. Solomo computes return on equity of 4.37% and return on capital employed of 7.26% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 49.37x
- Industry P/E
- 54.25x
- P/B
- 2.16x
- EPS (TTM)
- ₹3.04
- Book value / share
- ₹69.56
- ROE
- 4.37%
- ROCE
- 7.26%
- ROA
- 2.34%
- Debt / equity
- 0.57x
- Dividend yield
- 1.33%
- EBITDA margin
- 17.77%
- 52-week range
- ₹138.55 – ₹308
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Sula Vineyards Ltd (SULA) reported revenue of ₹556 crore, net profit of ₹26 crore and earnings per share of ₹3.04. That compares with revenue of ₹579 crore and net profit of ₹70 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹134.91 crore and net profit ₹8.6 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 424 | 516 | 568 | 579 | 556 |
| Net profit (₹ cr) | 52 | 84 | 93 | 70 | 26 |
| EPS (₹) | 6.63 | 9.98 | 11.06 | 8.32 | 3.04 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 8.17% | -1.87% | -4.02% |
| Profit growth | - | -67.26% | -63.46% |
| Stock price CAGR | - | -32% | -50% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 24.62% of Sula Vineyards Ltd (SULA) (up 0.07 pp QoQ), foreign institutional investors (FII) hold 0.68% and domestic institutional investors (DII) hold 16.22%. Market capitalisation was ₹1,267 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2022.
Largest disclosed public shareholders in Jun 2026: HDFC LARGE AND MID CAP FUND 8.93%, QUANT MUTUAL FUND - QUANT SMALL CAP FUND 3.92%, SBI CONSUMPTION OPPORTUNITIES FUND 3.37%, RUTA MOHAN SAMANT 2.31%, VARA FUTURE LLP 1.45%, HUF 1.29%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 24.62% | - | 0.68% | 16.22% | 75.38% |
| Mar 2026 | 24.55% | - | 1.11% | 17.3% | 75.45% |
| Dec 2025 | 24.35% | - | 1.65% | 17.78% | 75.65% |
| Sep 2025 | 24.35% | - | 4.05% | 18.01% | 75.65% |
| Jun 2025 | 24.36% | - | 6.68% | 18.24% | 75.64% |
| Mar 2025 | 24.66% | - | 7.96% | 18.26% | 75.34% |
| Dec 2024 | 24.66% | - | 9.61% | 19.89% | 75.34% |
| Sep 2024 | 24.66% | - | 10.6% | 21.68% | 75.34% |