Sula Vineyards Share Price
SULA
Sula Vineyards Share Price Chart
About Sula Vineyards
Sula Vineyards Financials
Market cap ₹3,652 Crs | Open ₹432.55 | Close ₹432.70 |
Circuit range ₹519.20 - ₹346.20 | Day range ₹428.45 - ₹437.50 | Year range ₹382.35 - ₹699.00 |
Volume 1,27,659 | Avg. traded ₹434.07 | Revenue (12m) ₹619 Crs |
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
52 week high ₹699.00 | 52 week low ₹382.35 | P/E ratio 42.66 |
P/B ratio 6.72 | ROE 16.77% | ROCE 18.88% |
Dividend yield 2.12% | Debt/Equity ratio 0.49 | EPS 11.22 |
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Analyst ratings:
Analyst ratings:
67%
Hold
33%
Sell
0%
This analysis is based on the reviews of 3 experts in the last 7 days
Sula Vineyards Fundamentals
Sula Vineyards Financial Ratios
Operating profit margin30.15% | Net profit margin16.08% |
ROE16.77% | ROA9.25% |
ROCE18.88% |
Quick ratio0.81 | Current ratio1.32 |
Interest coverage6.39 | Asset turnover0.58 |
Debt to Equity0.49 |
P/E ratio42.66 | P/B ratio6.72 |
EV / EBITDA27.21 | |
Dividend yield2.12% |
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Revenue statement
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Sula Vineyards Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Nov 29 2024 | ₹426.10 | ₹432.70 | |
Thu, Nov 28 2024 | ₹420.20 | ₹426.10 | |
Wed, Nov 27 2024 | ₹395.60 | ₹418.95 | |
Tue, Nov 26 2024 | ₹400.00 | ₹400.50 | |
Mon, Nov 25 2024 | ₹402.00 | ₹397.65 | |
Fri, Nov 22 2024 | ₹391.00 | ₹396.65 | |
Thu, Nov 21 2024 | ₹391.00 | ₹392.50 | -0.51% |
Tue, Nov 19 2024 | ₹392.10 | ₹394.50 |
Events
Corporate actions
Dividend • ₹4.5/share
Ex date 22 May 2024
Dividend • ₹4/share
Ex date 21 Feb 2024
Dividend • ₹5.25/share
Ex date 15 May 2023
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