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Sula Vineyards (SULA)₹141.29+0.34%Breweries & Distilleries
In the Jun 2026 quarter (consolidated), Sula Vineyards reported sales of ₹112 Cr, up 2.9% from Jun 2025, and net profit of ₹1.05 Cr, down 45.6% year on year. For the year to Mar 2026, sales were ₹554 Cr and net profit ₹25.93 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 133 | 203 | 122 | 120 | 132 | 200 | 125 | 109 | 130 | 180 | 135 | 112 |
| Expenses | 89.36 | 131 | 93.03 | 86.96 | 98.72 | 147 | 97.24 | 91.27 | 105 | 148 | 107 | 96.20 |
| Operating Profit | 44.30 | 72.00 | 29.54 | 34.04 | 33.69 | 53.20 | 28.54 | 18.35 | 25.51 | 32.04 | 27.82 | 16.64 |
| OPM % | 33.0% | 35.3% | 24.0% | 28.1% | 25.4% | 26.5% | 22.6% | 16.6% | 19.4% | 17.7% | 20.5% | 14.7% |
| Other Income | 0.90 | 1.41 | 3.86 | 1.27 | 0.77 | 0.91 | 1.02 | 0.99 | 0.84 | −0.80 | 1.50 | 2.39 |
| Interest | 6.51 | 8.08 | 6.23 | 7.09 | 7.57 | 7.80 | 7.16 | 7.50 | 8.54 | 8.17 | 7.13 | 7.17 |
| Depreciation | 7.62 | 8.10 | 8.34 | 8.62 | 8.68 | 8.94 | 8.75 | 9.22 | 9.48 | 10.40 | 10.09 | 10.27 |
| Profit before tax | 31.01 | 57.12 | 18.75 | 19.50 | 18.11 | 37.26 | 13.59 | 2.57 | 8.28 | 12.58 | 12.02 | 1.53 |
| Tax % | 25.5% | 24.7% | 27.6% | 24.9% | 19.9% | 24.6% | 3.9% | 24.2% | 27.2% | 27.6% | 28.4% | 30.2% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.04 | −0.08 | 0.00 |
| Net Profit | 23.04 | 42.85 | 13.52 | 14.60 | 14.45 | 28.00 | 12.99 | 1.93 | 6.00 | 9.08 | 8.58 | 1.05 |
| EPS (Rs) | 2.75 | 5.10 | 1.62 | 1.74 | 1.73 | 3.33 | 1.55 | 0.24 | 0.72 | 1.09 | 1.03 | 0.14 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 484 | 385 | 422 | 515 | 567 | 577 | 554 | 557 |
| Expenses | 432 | 322 | 311 | 358 | 392 | 430 | 451 | 457 |
| Operating Profit | 53.11 | 64.20 | 113 | 158 | 176 | 149 | 104 | 102 |
| OPM % | 10.9% | 16.9% | 26.9% | 30.9% | 30.9% | 26.0% | 19.0% | 18.3% |
| Other Income | −2.01 | −2.01 | 3.01 | 3.01 | 8.03 | 4.02 | 2.01 | 3.93 |
| Interest | 32.95 | 32.95 | 22.97 | 20.95 | 25.94 | 29.97 | 30.97 | 31.01 |
| Depreciation | 34.97 | 25.99 | 23.99 | 25.98 | 31.97 | 35.01 | 39.01 | 40.24 |
| Profit before tax | −17.03 | 3.01 | 70.09 | 114 | 126 | 88.16 | 35.03 | 34.41 |
| Tax % | −8.0% | 5.0% | 25.0% | 26.0% | 26.0% | 21.0% | 28.0% | — |
| Exceptional items | −3.99 | −3.99 | 0.00 | 0.00 | 0.00 | 0.00 | −0.99 | −1.12 |
| Net Profit | −15.96 | 2.99 | 51.90 | 83.82 | 92.83 | 69.78 | 25.93 | 24.71 |
| EPS (Rs) | −10.44 | 1.99 | 6.64 | 10.01 | 11.08 | 8.34 | 3.05 | 2.98 |
| Dividend payout % | 0.0% | 125.9% | 36.0% | 83.9% | 77.0% | 43.0% | 66.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 14.97 | 14.97 | 15.98 | 16.95 | 16.95 | 16.96 | 16.97 |
| Reserves | 285 | 291 | 381 | 516 | 534 | 570 | 572 |
| Borrowings | 392 | 314 | 239 | 203 | 323 | 314 | 332 |
| Other Liabilities | 137 | 132 | 122 | 146 | 151 | 173 | 169 |
| Total Liabilities | 830 | 752 | 759 | 881 | 1,025 | 1,075 | 1,089 |
| Fixed Assets | 356 | 319 | 362 | 414 | 455 | 496 | 514 |
| CWIP | 0.00 | 0.00 | 0.99 | 1.99 | 4.98 | 5.97 | 0.99 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 474 | 433 | 395 | 465 | 565 | 573 | 575 |
| Inventories | 171 | 144 | 162 | 179 | 198 | 216 | 201 |
| Trade receivables | 152 | 124 | 109 | 115 | 170 | 234 | 237 |
| Cash & equivalents | 40.13 | 52.16 | 20.09 | 34.13 | 105 | 8.02 | 9.03 |
| Total Assets | 830 | 752 | 759 | 881 | 1,025 | 1,075 | 1,089 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 44.99 | 120 | 87.06 | 90.10 | 121 | 58.02 | 101 |
| Cash from investing activity | −44.02 | −21.99 | −57.04 | −74.04 | −42.99 | −74.97 | −32.99 |
| Cash from financing activity | 32.96 | −93.83 | −60.91 | −8.99 | 1.99 | −73.96 | −66.89 |
| Net cash flow | 34.10 | 3.01 | −31.10 | 6.02 | 81.22 | −90.18 | 0.00 |
| Capex | 45.20 | 16.39 | 54.82 | 68.85 | 59.07 | 67.19 | 32.07 |
| Free cash flow | 0.99 | 104 | 41.83 | 20.91 | 62.80 | −6.98 | 68.71 |
| CFO / OP % | 106.0% | 175.0% | 92.0% | 74.0% | 88.0% | 53.0% | 103.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 114 | 117 | 94 | 81 | 109 | 148 | 156 |
| Inventory days | 335 | 405 | 765 | 776 | 925 | 878 | 610 |
| Days payable | 162 | 165 | 319 | 357 | 391 | 375 | 291 |
| Cash conversion cycle | 287 | 357 | 541 | 501 | 643 | 651 | 474 |
| Working capital days | −3 | 2 | 51 | 84 | 7 | 94 | 100 |
| ROCE % | — | 6.0% | 14.9% | 20.0% | 18.9% | 12.9% | 7.9% |
For the Jun 2026 quarter, Sula Vineyards reported sales of ₹112 Cr, up 2.9% year on year and net profit of ₹1.05 Cr, down 45.6% year on year. The operating margin was 14.7%.
Sula Vineyards' sales for the year to Mar 2026 were ₹554 Cr; over the last twelve months they were ₹557 Cr.
Net profit for the year to Mar 2026 was ₹25.93 Cr, and ₹24.71 Cr over the last twelve months. Earnings per share over the same trailing period were ₹2.98.
Sula Vineyards reported borrowings of ₹332 Cr at Mar 2026, against cash and equivalents of ₹9.03 Cr.
Cash from operations was ₹101 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹68.71 Cr.