# Sula Vineyards share price today (Sula Vineyards Ltd, NSE: SULA)

> Sula Vineyards share price today: ₹130.74 at the NSE close on 3 November 2026, down 48.1% in a year. Sula Vineyards (NSE: SULA) is worth ₹1,101 crore, trades at a P/E of 42.5 and has closed between ₹125.68 and ₹249.55 over the past 52 weeks. > Sula Vineyards Ltd's P/E is near the low end of its own history, higher than only 35% of past readings, and its quarterly results are still getting worse. SULA · Alcoholic Beverages · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/sula-vineyards-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹130.74 (−48.1% in a year)
- P/E: 42.5× (lower than 65% of the last 3.9 years)
- Revenue (Jun 2026): ₹113 Cr (+2.9% on a year ago)
- Profit (Jun 2026): ₹1.1 Cr (−45.4% on a year ago)
- Operating margin: 14.7% (−2.0 points on a year ago)
- ROCE: 8%, FY26
- ROIC: 4.9%, against a 12.0% cost of capital: −7.1 points

The main question: the P/E is near the low end of its own history, higher than only 35% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. ## What is the Sula Vineyards share price today? Sula Vineyards Ltd's share price was ₹130.74 at the close on 3 November 2026. It has been falling for 122 weeks. That is 21.8% 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 4% of the way up from that low. 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 −58% 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. ## What changed at Sula Vineyards this quarter? 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. ## What are Sula Vineyards' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹113 crore | ₹110 crore | +2.9% |
| Profit | ₹1.06 crore | ₹1.94 crore | −45.4% |
| Earnings per share | ₹0.13 | ₹0.23 | −43.5% |
| Operating margin | 14.7% | 16.7% | −2.0 points |

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.)

## What is the Sula Vineyards share price history? Sula Vineyards closed at ₹130.74 on 3 November 2026, down 48.1% from ₹251.95 a year earlier (31 October 2025) and down 72.4% over three years. Its highest weekly close since December 2022 was ₹656.90 on 25 January 2024. ### Sula Vineyards share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹127.16 | +2.8% |
| 1 month ago · 1 Oct 2026 | ₹130.94 | −0.2% |
| 6 months ago · 30 Apr 2026 | ₹174.10 | −24.9% |
| 1 year ago · 31 Oct 2025 | ₹251.95 | −48.1% |
| 3 years ago · 3 Nov 2023 | ₹474.45 | −72.4% |
| Earliest weekly close in our records · 23 Dec 2022 | ₹310.75 | −57.9% |
| Highest weekly close since December 2022 · 25 Jan 2024 | ₹656.90 | −80.1% |
| Lowest weekly close since December 2022, also the 52-week low · 30 Oct 2026 | ₹125.68 | +4.0% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹249.55 | −47.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (206 weekly closes from 23 December 2022 to 3 November 2026.)

## What is the latest news on Sula Vineyards? 3 Nov 2026: Sula Vineyards closed at ₹130.74, up 2.8% on the week and down 0.2% 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. ## What dividend does Sula Vineyards pay? Sula Vineyards paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.53% at the ₹130.74 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 22 May 2026. ### Sula Vineyards dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 22 May 2026 | ₹2 | Dividend |
| 23 May 2025 | ₹3.60 | Dividend |
| 22 May 2024 | ₹4.50 | Dividend |
| 21 Feb 2024 | ₹4 | Interim |
| 15 May 2023 | ₹5.25 | Dividend |

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. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Sula Vineyards management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/49988/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 7 August 2026.)

## What to watch in Sula Vineyards' next results? 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. - What to check (from the call)
- Operating margin recovery - check whether grape-cost pressure starts easing and margin regains last year's level. - Karnataka wine-category inflection - check for the anticipated second-half recovery and renewed Popular/Economy momentum. - Domaine Rasa winery commissioning - check production start and visitor monetization after handover. - WIPS outstanding - check whether the balance continues declining after the latest payout. ## Which stock lists is Sula Vineyards on? Sula Vineyards is on 2 of our India lists: 52 week high & low and Dividend stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 1.56](https://www.sectoralpha.in/dividend-stocks-india)

## Is Sula Vineyards profitable? 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. 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. ## How much revenue does Sula Vineyards make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Sula Vineyards keep? 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. 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. ## Is Sula Vineyards' profit turning into cash? 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. 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. ## Where does Sula Vineyards' cash go? 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. 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. ## What is Sula Vineyards' P/E ratio, and how does it compare with its own history? Sula Vineyards Ltd's P/E is 42.5×, near the low end of its own history: it has been lower only 35% of the time. 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. 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 −48.1%. 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 −34.9% a year; about −33.1% a year came from earnings growth and about −1.8 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 low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Sula Vineyards business getting better or worse? 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. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Sula Vineyards earn on its capital? 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. 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. ## Does Sula Vineyards have too much debt? 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. ## What is the Sula Vineyards shareholding pattern? 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. 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. ## How far is Sula Vineyards from balance-sheet trouble? 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. ## How does Sula Vineyards rank in its industry? 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. ## Which companies is Sula Vineyards compared with? Sula Vineyards ranks 14 of 16 Alcoholic Beverages companies on the 4-Factor Sector Score, with 30.6 out of 100. 1. [Radico Khaitan Ltd](https://www.sectoralpha.in/stocks/radico-khaitan-ltd) RADICO · losing its lead · Most evidence points up · 100% evidence 71.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.5/35 · Revenue 15.8% · Profit 73.8% · Operating margin change 4 points · 100% evidence Capital efficiency 22.1/25 · ROCE 24.2% · Operating margin 20% · 100% evidence Valuation 7.0/20 · P/E 68.2× · PEG 1.91 · 100% evidence Relative strength 11.9/20 · Lead over its industry 21.6% · Lead over NIFTY 500 20.6% · 1 year 30.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 30.5 + 22.1 + 7 + 11.9 = 71.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [India Glycols Ltd](https://www.sectoralpha.in/stocks/india-glycols-ltd) INDIAGLYCO · breaking out · Most evidence points up · 96% evidence 70.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 12% · Profit 29.9% · Operating margin change 1 points · 88% evidence Capital efficiency 15.2/25 · ROCE 12.4% · Operating margin 15% · 100% evidence Valuation 13.3/20 · P/E 7× · PEG 0.17 · 100% evidence Relative strength 20.0/20 · Lead over its industry 53.7% · Lead over NIFTY 500 51.8% · 1 year 61.8% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.6 + 15.2 + 13.3 + 20 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [IFB Agro Industries Ltd](https://www.sectoralpha.in/stocks/ifb-agro-industries-ltd) IFBAGRO · quiet · Evidence leans up · 74% evidence 64.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.2/35 · Revenue 38.9% · Profit 90.3% · Operating margin change 1 points · 88% evidence Capital efficiency 13.2/25 · ROCE 12.7% · Operating margin 8% · 100% evidence Valuation 15.5/20 · P/E 12.8× · PEG 0.33 · 65% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -17.3% · 1 year -39% · 25% evidence · 0 of 12 weeks ahead Exact sum: 27.2 + 13.2 + 15.5 + 8.4 = 64.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [United Spirits Ltd](https://www.sectoralpha.in/stocks/united-spirits-ltd) UNITDSPR · quiet · Evidence leans up · 100% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 1.1% · Profit 12.9% · Operating margin change -1 points · 100% evidence Capital efficiency 22.6/25 · ROCE 26.4% · Operating margin 20% · 100% evidence Valuation 8.4/20 · P/E 53.5× · PEG 3.56 · 100% evidence Relative strength 9.6/20 · Lead over its industry 2.4% · Lead over NIFTY 500 1.8% · 1 year -6.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 16.7 + 22.6 + 8.4 + 9.6 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Piccadily Agro Industries Ltd](https://www.sectoralpha.in/stocks/piccadily-agro-industries-ltd) PICCADIL · quiet · Evidence leans up · 74% evidence 56.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 28.5% · Profit 30.6% · Operating margin change -1 points · 88% evidence Capital efficiency 15.8/25 · ROCE 18% · Operating margin 17% · 100% evidence Valuation 11.6/20 · P/E 39.2× · PEG 1.38 · 65% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.8% · 1 year -17.9% · 25% evidence · 5 of 12 weeks ahead Exact sum: 19.4 + 15.8 + 11.6 + 9.8 = 56.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [G M Breweries Ltd](https://www.sectoralpha.in/stocks/g-m-breweries-ltd) GMBREW · quiet · Evidence leans up · 82% evidence 53.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 20.5% · Profit 21% · Operating margin change -2 points · 95% evidence Capital efficiency 18.4/25 · ROCE 18% · Operating margin 23% · 76% evidence Valuation 12.6/20 · P/E 10.4× · PEG n/a · 50% evidence Relative strength 3.3/20 · Lead over its industry -14.5% · Lead over NIFTY 500 -15.2% · 1 year -35.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.1 + 18.4 + 12.6 + 3.3 = 53.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Associated Alcohols & Breweries Ltd](https://www.sectoralpha.in/stocks/associated-alcohols-breweries-ltd) ASALCBR · basing · Evidence leans down · 81% evidence 48.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.8/35 · Revenue -5.3% · Profit -4.6% · Operating margin change -3 points · 88% evidence Capital efficiency 15.9/25 · ROCE 18% · Operating margin 11% · 100% evidence Valuation 17.4/20 · P/E 13.1× · PEG 0.96 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -30.3% · 1 year -55.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 7.8 + 15.9 + 17.4 + 7.5 = 48.6 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Globus Spirits Ltd](https://www.sectoralpha.in/stocks/globus-spirits-ltd) GLOBUSSPR · quiet · Evidence leans down · 83% evidence 47.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 10.8% · Profit 100% · Operating margin change -1 points · 100% evidence Capital efficiency 11.6/25 · ROCE 11.2% · Operating margin 8% · 100% evidence Valuation 10.6/20 · P/E 23× · PEG n/a · 15% evidence Relative strength 1.1/20 · Lead over its industry -22% · Lead over NIFTY 500 -22.5% · 1 year -41.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.6 + 11.6 + 10.6 + 1.1 = 47.9 · What this means: Earnings are strong; relative strength in its sector is -22% and the one-year return is -41.3%. 9. [Allied Blenders & Distillers Ltd](https://www.sectoralpha.in/stocks/allied-blenders-distillers-ltd) ABDL · breaking out · Evidence leans down · 93% evidence 47.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.5/35 · Revenue 8.6% · Profit -15.3% · Operating margin change -1 points · 100% evidence Capital efficiency 14.9/25 · ROCE 18.4% · Operating margin 12% · 100% evidence Valuation 4.3/20 · P/E 84.8× · PEG 4.13 · 65% evidence Relative strength 18.1/20 · Lead over its industry 26.7% · Lead over NIFTY 500 25.6% · 1 year 5.5% · 100% evidence · 8 of 12 weeks ahead Exact sum: 10.5 + 14.9 + 4.3 + 18.1 = 47.8 · What this means: Relative strength against the index is 25.6%, and revenue and profit growth are weak. 10. [United Breweries Ltd](https://www.sectoralpha.in/stocks/united-breweries-ltd) UBL · quiet · Evidence leans down · 83% evidence 47.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 7.4% · Profit 31.9% · Operating margin change 4 points · 100% evidence Capital efficiency 10.9/25 · ROCE 10.7% · Operating margin 10% · 100% evidence Valuation 9.0/20 · P/E 71.8× · PEG n/a · 15% evidence Relative strength 5.3/20 · Lead over its industry -14.2% · Lead over NIFTY 500 -14.6% · 1 year -34.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.4 + 10.9 + 9 + 5.3 = 47.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Tilaknagar Industries Ltd](https://www.sectoralpha.in/stocks/tilaknagar-industries-ltd) TI · breaking out · Evidence leans down · 90% evidence 44.3 out of 100 Growth Capital Valuation Relative
12. [Asgard Alcobev Ltd](https://www.sectoralpha.in/stocks/asgard-alcobev-ltd) quiet · Evidence leans down · 61% evidence 41.6 out of 100 Growth Capital Valuation Relative
13. [Fratelli Vineyards Ltd](https://www.sectoralpha.in/stocks/fratelli-vineyards-ltd) Too little evidence to rank firmly · 50% evidence 39.9 out of 100 Growth Capital Valuation Relative
14. Sula Vineyards Ltd this page SULA · quiet · Most evidence points down · 81% evidence 30.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.6/35 · Revenue -1.6% · Profit -56.9% · Operating margin change -2 points · 88% evidence Capital efficiency 9.6/25 · ROCE 7.5% · Operating margin 14.7% · 100% evidence Valuation 5.5/20 · P/E 41× · PEG 5.59 · 100% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -22.6% · 1 year -50.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 7.6 + 9.6 + 5.5 + 7.9 = 30.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 15. [Som Distilleries & Breweries Ltd](https://www.sectoralpha.in/stocks/som-distilleries-breweries-ltd) SDBL · breaking out · Most evidence points down · 68% evidence 30.4 out of 100 Growth Capital Valuation Relative
16. [Jagatjit Industries Ltd](https://www.sectoralpha.in/stocks/jagatjit-industries-ltd) JAGAJITIND · losing its lead · Too little evidence to rank firmly · 49% evidence 45.0 out of 100 Growth Capital Valuation Relative

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](https://www.sectoralpha.in/sectors/alcoholic-beverages), all 16 compared on one page. ## Which companies are close to Sula Vineyards in size? 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

1. [G M Breweries Ltd](https://www.sectoralpha.in/stocks/g-m-breweries-ltd) ₹1,795 crore
2. [Som Distilleries & Breweries Ltd](https://www.sectoralpha.in/stocks/som-distilleries-breweries-ltd) ₹1,506 crore
3. [Associated Alcohols & Breweries Ltd](https://www.sectoralpha.in/stocks/associated-alcohols-breweries-ltd) ₹1,079 crore
4. Sula Vineyards Ltd ₹1,061 crore
5. [Asgard Alcobev Ltd](https://www.sectoralpha.in/stocks/asgard-alcobev-ltd) ₹884 crore
6. [IFB Agro Industries Ltd](https://www.sectoralpha.in/stocks/ifb-agro-industries-ltd) ₹767 crore
7. [Jagatjit Industries Ltd](https://www.sectoralpha.in/stocks/jagatjit-industries-ltd) ₹582 crore

[All 16 Alcoholic Beverages companies, largest first](https://www.sectoralpha.in/sectors/alcoholic-beverages#all-companies)

### Companies close in size in other industries

1. [Balaji Telefilms Ltd](https://www.sectoralpha.in/stocks/balaji-telefilms-ltd) ₹1,066 crore · Entertainment & Media
2. [Andhra Sugars Ltd](https://www.sectoralpha.in/stocks/andhra-sugars-ltd) ₹1,065 crore · Sugar
3. Sula Vineyards Ltd ₹1,061 crore
4. [Bafna Pharmaceuticals Ltd](https://www.sectoralpha.in/stocks/bafna-pharmaceuticals-ltd) ₹1,060 crore · Pharma - Formulators
5. [Pervasive Commodities Ltd](https://www.sectoralpha.in/stocks/pervasive-commodities-ltd) ₹1,060 crore · Trading

## What else do people ask about Sula Vineyards? ### What is Sula Vineyards's share price today? Sula Vineyards Ltd's share price is ₹130.74, −48.1% over the past year. The whole company is worth ₹1,101 Cr on the market. In the last 52 weeks it traded between ₹126 to ₹250; today it is 4% of the way up from the low, 21.8% below its 200-day average (as of 3 November 2026). ### What were Sula Vineyards's latest quarterly results? Sula Vineyards Ltd reported revenue of ₹113 Cr and net profit of ₹1.1 Cr for the Jun 2026 quarter. Revenue rose 2.9% and profit fell 45.4% compared with a year earlier. Earnings per share were ₹0.13. The operating margin was 14.7%, 2.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Sula Vineyards's market cap? Sula Vineyards Ltd's market capitalisation is ₹1,101 Cr at a share price of ₹130.74. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Sula Vineyards performing? Sula Vineyards Ltd's share price has been falling for 122 weeks. In its latest quarter, revenue rose 2.9% and profit fell 45.4% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Sula Vineyards's share price go up? This page does not forecast Sula Vineyards Ltd's share price. What it shows instead: the share price is ₹130.74, and it has been falling for 122 weeks. Its P/E of 42.5× is higher than 35% of its own last 4 years (as of 3 November 2026). ### Who owns Sula Vineyards? Promoters own 24.6% of Sula Vineyards Ltd, foreign institutions 0.3%, domestic institutions 15.0% and the public 60.1% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 10.3 percentage points over 8 quarters (as of 3 November 2026). ### Does Sula Vineyards have too much debt? Sula Vineyards Ltd has a moderate amount of debt: its debt is 0.57× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹333 Cr against equity of ₹588 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Sula Vineyards in its business cycle? Sula Vineyards Ltd's FY26 operating margin was 19.0%, against a 7-year range of 11.0% to 31.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 14.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Sula Vineyards story? The main question: the P/E is near the low end of its own history, higher than only 35% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Sula Vineyards a stock worth studying right now? What the numbers show: Sula Vineyards Ltd's P/E is near the low end of its own history, higher than only 35% of past readings, and its quarterly results are still getting worse. The main open question: whether results start to improve. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Sula Vineyards share price forecast for 2026? What management itself 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. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india

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