1. Sula Vineyards
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100% Buy

Sula Vineyards Share Price

SULA

₹495.80+₹8.95 (1.84%) TodayLast updated on 24 Jul, 2024 | 10:31 IST
₹486.00₹497.15
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Company overview

Financial performance

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Market cap

Market Cap Switch₹4,133 Crs

Open

₹486.00

Close

₹486.85

Circuit range

₹584.20 - ₹389.50

Day range

₹486.00 - ₹497.15

Year range

₹447.00 - ₹699.00

Volume

85,212

Avg. traded

₹493.80

Revenue (12m)

₹609 Crs

Sula Vineyards

One of the largest producers and sellers of Indian wine, Sula Vineyards Ltd was originally incorporated as Nashik Vintners Limited in 2003. The company was renamed Sula Vineyards Private Limited in 2014 before getting its present name in 2022. The history of Sula Vineyards goes back to 1996 when Rajeev Samant planted the first wine grapes in Nashik. The location today is home to some of the finest grapes in the country.

Sula Vineyards has two wineries in India – Nashik and Dandori. Located at an altitude of 600 metres in the Western Ghats, Nashik's soil is of volcanic origin, ranging from weathered basalt and red laterite to heavy clay. Sula's vineyards in Dandori are best known for the cultivation of red wine grapes like Syrah (Shiraz), Zinfandel and Cabernet Sauvignon. The Dindori collection by Sula includes three wine variants, Dindori Reserve Viognier, Dindori Reserve Chardonnay and Dindori Reserve Shiraz.

Business operations

The company's business can be broadly divided into two categories – production of wine and spirits and wine tourism. The company also imports and distributes international labels in the wine, vodka and brandy category.

Sula Vineyards opened India's first wine-tasting room at its winery in Maharashtra's Nashik in 2005. Looking to capture the space beyond wine production and selling, the brand organised the country's first wine-themed music festival at its plant in Nashik in 2008. The same year, the company opened India's first vineyard resort. In 2017, Sula Vineyards acquired the winery business unit of Heritage Grape Winery Private Limited (HGWPL), Karnataka.

Sula Vineyards acquired a majority stake in the paid-up capital of Progressive Alcobev Distributors Private Limited (PADPL), a subsidiary of the company. In 2019, Sula became the only Asian Winery (excluding China) to sell one million cases of domestically produced wine in 12 months. In 2020, the company launched Dia, India's first wine in a can.

The company acquired the winery unit business of York Winery Private Limited, through its subsidiary Artisan Spirits Private Limited (ASPL) in 2021. Sula divested its entire holdings in PADPL.

Sula International Limited, an erstwhile subsidiary company incorporated in the UK, was voluntarily dissolved in 2022. The company came out with a public Issue in December 2022.

Sula Vineyards has over 2,800 acres of vineyards and produces over 16.7 million litres of wine in a year. The company's network includes 24,000 points of sales across the country. It has a 60% market share in grape wine under the elite and premium category segment in India.

Sula Vineyards is the country's only wine company to be listed on the Indian stock market.

Sula Vineyards Ltd's market capitalisation stood at over ₹5,600 crore as of January 9, 2024. Sula share price has grown over 100% in the last one year.

Financial highlights

The company's revenue from operation FY23 stood at ₹ 553.2 crore, recording a 21.9% year-on-year growth compared to ₹ 453.9 crore in FY22. Sula Vineyards reported a net profit of ₹84 crore in FY23 as against ₹ 52 crore in FY22. The EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at ₹161 crore in FY23, against ₹116 crore in FY22, reflecting a strong 39% growth year on year from the previous fiscal. Its basic earnings per share (EPS) increased to ₹ 10.19 in FY23 from ₹ 6.79 in the last financial year.

Sula Vineyards Key indicators

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52 week high

₹699.00

52 week low

₹447.00

P/E ratio

44.31

P/B ratio

7.61

ROE

16.77%

ROCE

18.88%

Dividend yield

1.74%

Debt/Equity ratio

0.49

EPS

11.22

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Investment checklist: (1/6)

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Analyst ratings:

Buy

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Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 3 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

30.15%

Net profit margin

16.08%

ROE

16.77%

ROA

9.25%

ROCE

18.88%

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Sula Vineyards Shareholder returns

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1 day

+0.31%

1 week

-2.00%

1 month

-2.53%

3 months

-12.45%

1 year

+1.63%

3 years

+47.87%

5 years

+47.87%

Sula Vineyards Share Price history

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DayOpenCloseDay’s change
Tue, Jul 23 2024
₹489.00
₹486.85
-0.59%
Mon, Jul 22 2024
₹488.95
₹489.75
+0.31%
Fri, Jul 19 2024
₹495.00
₹488.25
-1.22%
Thu, Jul 18 2024
₹498.00
₹494.30
-0.80%
Tue, Jul 16 2024
₹498.70
₹498.30
-0.08%
Mon, Jul 15 2024
₹500.00
₹498.70
-0.21%
Fri, Jul 12 2024
₹506.00
₹499.75
-0.08%
Thu, Jul 11 2024
₹510.00
₹500.15
-0.32%

Shareholding info

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Promoters (25.47%)

Mutual Funds (19.64%)

Retail and other (40.27%)

Foreign institutions-FII (12.03%)

Other domestic institutions (2.59%)

Retail and other

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Events

Corporate actions

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  • Dividend • ₹4.5/share

    Ex date 22 May 2024

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  • Dividend • ₹4/share

    Ex date 21 Feb 2024

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  • Dividend • ₹5.25/share

    Ex date 15 May 2023

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