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    Sula Vineyards Limited

    India's largest wine producer, running 5 wineries plus luxury vineyard resorts in Nashik and Karnataka.

    Fast Moving Consumer Goods
    Fast Moving Consumer Goods
    View SULA earnings calls
    ₹156.87
    -4.46% from avg

    Overview

    Price

    ₹156.87

    Market Cap

    ₹1.3k Cr

    Sector

    Fast Moving Consumer Goods

    Fast Moving Consumer Goods

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1515161717171717
    Reserves285290380515533569549571
    Borrowings393315240203324315400333
    Other Liabilities138132123147152174127169
    Total Liabilities8317527598811.0k1.1k1.1k1.1k
    AssetsFixed Assets355318361413454495496512
    CWIP00125691
    Investments00000000
    Other Assets476434396466567575587576
    Total Assets8317527598811.0k1.1k1.1k1.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating45120879012158101
    Cash from Investing-44-22-57-74-43-75-33
    Cash from Financing33-94-61-92-74-67
    SummaryCapital Expenditure
    Free Cash Flow1104422163-769
    FCF Margin

    Valuation

    Assumptions

    Current — SULA
    Price
    ₹157
    EPS (TTM)
    ₹3.04
    PE (TTM)
    51.6
    Profit growth
    -32.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (44.9×) and current (51.6×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹157
    vs
    Fair value · 15% return
    ₹7
    96%Overvalued

    At -32.7% growth and a 45× exit, ₹157 only delivers your return if you pay ₹7. The price is currently baking in 21% growth.

    EPS grows -32.7%/yr for 5 years, then fades to 6% over 2, exits at 45×.

    YearGrowthEPS (₹)
    FY27-32.7%2.05
    FY28-32.7%1.38
    FY29-32.7%0.93
    FY30-32.7%0.62
    FY31-32.7%0.42
    FY32-13.4% ·fade0.36
    FY336.0% ·fade0.39

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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