Sula Vineyards Ltd
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]
- Market Cap ₹ 4,202 Cr.
- Current Price ₹ 498
- High / Low ₹ 700 / 447
- Stock P/E 45.3
- Book Value ₹ 65.2
- Dividend Yield 1.71 %
- ROCE 18.8 %
- ROE 17.2 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 65.6%
Cons
- Stock is trading at 7.65 times its book value
- Promoter holding is low: 26.2%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Alcoholic Beverages Industry: Breweries & Distilleries
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
485 | 386 | 424 | 516 | 568 | |
432 | 322 | 311 | 358 | 392 | |
Operating Profit | 53 | 64 | 113 | 158 | 176 |
OPM % | 11% | 17% | 27% | 31% | 31% |
-2 | -2 | 3 | 3 | 8 | |
Interest | 33 | 33 | 23 | 21 | 26 |
Depreciation | 35 | 26 | 24 | 26 | 32 |
Profit before tax | -17 | 3 | 70 | 114 | 126 |
Tax % | 8% | 5% | 25% | 26% | 26% |
-16 | 3 | 52 | 84 | 93 | |
EPS in Rs | -10.42 | 1.98 | 6.63 | 9.98 | 11.06 |
Dividend Payout % | 0% | 126% | 36% | 84% | 77% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 14% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 140% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 5% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 17% |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Equity Capital | 15 | 15 | 16 | 17 | 17 |
Reserves | 284 | 289 | 379 | 515 | 533 |
393 | 315 | 240 | 203 | 324 | |
139 | 132 | 124 | 147 | 152 | |
Total Liabilities | 831 | 752 | 759 | 881 | 1,026 |
355 | 318 | 361 | 413 | 454 | |
CWIP | 0 | 0 | 1 | 2 | 5 |
Investments | 0 | 0 | 0 | 0 | 0 |
476 | 434 | 396 | 466 | 567 | |
Total Assets | 831 | 752 | 759 | 881 | 1,026 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
45 | 120 | 87 | 90 | 121 | |
-44 | -22 | -57 | -74 | -43 | |
33 | -94 | -61 | -9 | 2 | |
Net Cash Flow | 34 | 3 | -31 | 6 | 81 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Debtor Days | 114 | 117 | 94 | 81 | 109 |
Inventory Days | 334 | 404 | 764 | 775 | 924 |
Days Payable | 161 | 164 | 318 | 356 | 390 |
Cash Conversion Cycle | 287 | 357 | 541 | 501 | 643 |
Working Capital Days | 220 | 236 | 212 | 185 | 171 |
ROCE % | 6% | 15% | 20% | 19% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Jul - Press Release- Sales update Q1 FY 25
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jul
-
Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
1 Jul - Disclosure under Regulation 29(1) & 29(2) of SEBI (SAST) Regulations, 2011 for Margarita Samant & PACs
-
Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
1 Jul - Disclosure under Regulation 29(1) & 29(2) of SEBI (SAST) Regulations, 2011 for Margarita Samant & PACs
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 28 Jun
Concalls
-
May 2024TranscriptPPT
-
May 2024Transcript PPT
-
May 2024TranscriptNotesPPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023TranscriptPPTREC
-
May 2023Transcript PPT
Business segments[1]
i) The production of wine, the import of wines and spirits, and the distribution of wines and spirits (the "Wine Business");
ii) The sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the "Wine Tourism Business")