Sula Vineyards share price today

Sula Vineyards Ltd's share price was ₹134.85 at the close on 4 November 2026. It has been falling for 122 weeks. That is 19.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹126 and ₹250, and at that close it sat 7% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sula Vineyards Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 14 weeks running.

Over the last 3.9 years the share price moved −57% while the NIFTY 500 moved +42%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 12 quarters in a row, indian funds and insurers (DIIs) cut their stake for 10 quarters in a row and lowest operating margin in 15 quarters.

1. Foreign funds (FIIs) cut their stake for 12 quarters in a row

   From 20.6% to 0.4% of the company by the September 2026 quarter.

2. Indian funds and insurers (DIIs) cut their stake for 10 quarters in a row

   From 22.6% to 15% of the company by the September 2026 quarter.

3. Lowest operating margin in 15 quarters

   Operating margin was 14.7% in the June 2026 quarter, against 16.7% a year earlier.

   Why: The company sold more in regions where it makes less profit, which pulled down its operating margin.

   Next results: check whether grape costs start to ease and the margin gets back to last year's level.

   From the earnings call on 7 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Sula Vineyards reported revenue of ₹113 crore, up 2.9% from ₹110 crore a year earlier, and a profit of ₹1.06 crore, down 45.4% from ₹1.94 crore.

Sula Vineyards results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Sula Vineyards' management discussed these results on a call held on 7 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Sula Vineyards closed at ₹134.85 on 4 November 2026, down 46.0% from ₹249.55 a year earlier (7 November 2025) and down 71.6% over three years. Its highest weekly close since December 2022 was ₹656.90 on 25 January 2024.

Sula Vineyards share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

206 weekly closes from 23 December 2022 to 4 November 2026.

4 Nov 2026: Sula Vineyards closed at ₹134.85, up 7.3% on the week and up 3.0% on the month. 7 Aug 2026: Sula Vineyards held its results call for April to June 2026. Management guided: Higher blended grape-cost impact to subside from January to March 2027 and normalize in April to June 2027, benefiting Popular and Economy wines.

Earlier

• Results for April to June 2026: Revenue up 2.9% and profit down 45.4% on a year earlier.
• 22 May 2026: ex-date for a dividend of ₹2 a share.

Sula Vineyards paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.48% at the ₹134.85 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 22 May 2026.

Sula Vineyards dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Sula Vineyards Ltd paid out 66% of its profit as dividends in FY26, and it paid a dividend in 6 of its last 7 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 7 August 2026, Sula Vineyards' management guided: Higher blended grape-cost impact to subside from January to March 2027 and normalize in April to June 2027, benefiting Popular and Economy wines.

“Once the grape mix rebalances following the next harvest, we strongly expect to see benefits from lower grape costs in FY28, specifically for the popular and economy portfolio.”Rajeev Samant, Founder & CEO, on the call for April to June 2026

What management guided

• Table-grape prices expected below ₹20 per kg for the upcoming harvest, supporting Popular and Economy margins.
• Operating margin to recover to last year's level and then surpass it before FY27-end.
• CSD listing process to complete by October to December 2026, with new wines launched before FY27-end.
• Dindori Bottle Shop to open next week; 5,000-square-foot Nashik events pavilion to complete in October to December 2026; Domaine Rasa winery operations to start during January to March 2027 harvest.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 7 August 2026.

When Sula Vineyards reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Operating margin recovery - check whether grape-cost pressure starts easing and margin regains last year's level.

Sula Vineyards is on one of our India lists: 52 week high & low.

Sula Vineyards Ltd earned ₹1.1 Cr of net profit in the Jun 2026 quarter, −45.4% on the same quarter a year earlier. Full-year FY26 profit was ₹26.0 Cr. That is 0.9% of the quarter's revenue. The same quarter a year earlier earned ₹1.9 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹26.0 Cr (−62.9% on the year before).

Why profit moved: revenue changed +2.9% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −51.4% and revenue −0.2%. Profit is growing slower than sales: rising costs are taking part of the growth.

Sula Vineyards Ltd reported ₹113 Cr of revenue in the Jun 2026 quarter, +2.9% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 6 years it has grown 2.3% a year on average. The last full year, FY26, came in at ₹556 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹559 Cr.

FY26 revenue was ₹556 Cr, −4.0% on the year before.

Recent pace: the last four quarters grew −0.2% on average, against 2.3% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −1.5%, against −1.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −56.9%, against −48.7% a year (rolling over).

Sula Vineyards Ltd's operating margin was 14.7% in the Jun 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 11.0% and 31.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.0 percentage points on the year while gross margin changed −5.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 148% of Sula Vineyards Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹101 Cr of operating cash against ₹26.0 Cr of profit. After ₹51.0 Cr of spending on assets, ₹50.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 148% of profit came in as cash: the cash cycle got 117 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 1.9× depreciation over three years. The next section checks what that spending is building.

Sula Vineyards Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 474 days in FY26, up from 357 days in FY21. It spent ₹204 Cr on assets over the last 3 years. Customers take 156 days to pay, and stock sits for 609 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹556 Cr, each day of that cycle ties up about ₹1.5 Cr, so roughly ₹722 Cr is tied up in the business at any time.

FY26: customers took 156 days to pay and stock sat for 609 days, about 20.0 months of sales sitting as stock, for a full cycle of 474 days, longer than FY21's 357.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 609 days. Customers pay about 156 days after that. Suppliers are paid at 290 days. Together that makes the 474-day cycle.

Spending on assets: ₹204 Cr over the last 3 years, against ₹106 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Sula Vineyards Ltd's P/E is 43.9×, in the middle of its own history: higher than 43% of past readings. Its usual P/E (the middle reading) is 45.2×, over 3.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹2.94.

Why the multiple is where it is: over the past year earnings per share moved −63.5% while the price moved −46.0%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved −34.3% a year; about −33.1% a year came from earnings growth and about −1.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Sula Vineyards Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −1.5% in the latest quarter, against +11.7% at its best in 12 quarters, with ROCE falling at 9.3%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Sula Vineyards Ltd earned a ROCE of 8% in FY26. That is up from a low of 6% in FY21. Its return on capital used (ROIC) is 7.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 4.7% net margin and 0.51× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 4.7% net margin × 0.51× asset turnover × 1.85× leverage (assets divided by equity) ≈ 4.4% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 4.9% − 12.0% = −7.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Sula Vineyards Ltd has total debt of ₹333 Cr against shareholder equity of ₹587 Cr as of Jun 2026, so its debt is 0.57× its equity. Year by year, that ratio went from 0.61 in FY22 to 0.57 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Foreign institutions cut their stake in Sula Vineyards Ltd by 10.3 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 0.3% of the company. Domestic institutions moved −6.7 points over the same period, to 15.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −10.3 points over 8 quarters, to 0.3%; Domestic institutions: −6.7 points over 8 quarters, to 15.0%; Promoters: +0.0 points over 8 quarters, to 24.6%.

Why the owners changed: foreign institutions drove it (−10.3 points), together with domestic institutions (−6.7 points). They reduced their stake.

For Sula Vineyards Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

30.6 out of 100, rank 14 of 16 in Alcoholic Beverages, with 81% of the evidence available.

Sula Vineyards Ltd scores 30.6 out of 100 against the 16 companies it is compared with in Alcoholic Beverages, ranking 14. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 7.6 + 9.6 + 5.5 + 7.9 = 30.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Sula Vineyards ranks 14 of 16 Alcoholic Beverages companies on the 4-Factor Sector Score, with 30.6 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Alcoholic Beverages, all 16 compared on one page.

Sula Vineyards is the 12th largest of 16 Alcoholic Beverages companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: G M Breweries, Som Distilleries & Breweries and Associated Alcohols & Breweries. Just below it: Asgard Alcobev, IFB Agro Industries and Jagatjit Industries.

Alcoholic Beverages companies close in size

9. G M Breweries Ltd ₹1,795 crore
10. Som Distilleries & Breweries Ltd ₹1,506 crore
11. Associated Alcohols & Breweries Ltd ₹1,079 crore
12. Sula Vineyards Ltd ₹1,061 crore
13. Asgard Alcobev Ltd ₹884 crore
14. IFB Agro Industries Ltd ₹767 crore
15. Jagatjit Industries Ltd ₹582 crore

All 16 Alcoholic Beverages companies, largest first

Companies close in size in other industries

1555. Andhra Sugars Ltd ₹1,065 crore · Sugar
1556. Ivalue Infosolutions Ltd ₹1,064 crore · Trading
1557. Sula Vineyards Ltd ₹1,061 crore
1558. Bafna Pharmaceuticals Ltd ₹1,060 crore · Pharma - Formulators
1559. Pervasive Commodities Ltd ₹1,060 crore · Trading

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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