Sula Vineyards

BSell / Avoid

SULA · NSE · Small Cap · Beverages / Alco-bev

Beverages / Alco-bev

Fetching live…

₹380

1D -0.6%1M -3.5%1Y -32%

Fundamental (RQ-100)

Technical (TQ-100)

Valuation

Market cap

₹3.2K Cr

Live decision ratingB+Sell / Avoid

Fundamental score breakdown

67/100

Growth Quality

9.8 / 20

Rev 1Y 4.0%, 3Y CAGR 14.0%, 5Y CAGR 12.0%

Margin & Profitability

15.0 / 15

EBITDA 32.0%, PAT 16.0%

Return on Capital

13.0 / 20

ROCE 16.0%, ROE 18.0%

Cash Flow Quality

7.0 / 15

OCF/EBITDA 0.70

Leverage

6.0 / 10

ND/EBITDA 1.50

Reinvestment

7.0 / 8

Capex/Sales 8.0%

Accounting

5.0 / 7

Governance

4.0 / 5

Technical score breakdown

36/100

Trend Structure

8.0 / 20

↓ 200 · ↓ 50 · ↓ 20

Momentum

3.0 / 15

1Y -32.0%, 1M -3.5%

Volume Dynamics

8.0 / 15

Vol30 —%

Relative Strength

2.0 / 15

1Y -32.0%

MA Cluster

5.0 / 10

Extension

5.0 / 10

—% from 50DMA

Volatility

4.0 / 8

Price Action

1.0 / 7

-100.0% from 52W H

Business

What this company actually does

India's largest wine producer.

Stores

—

Dark stores

—

Cities

—

Listed status

Listed

Format exposure

How direct is this play?

Primary formatBeverages / Alco-bev

Exposure typeDominant

Revenue visibilityMedium

Operating leverage stageMaturity

Policy beneficiaryNone

Data confidenceMedium

Financial snapshot

Live · green dot = live, falls back to curated

Revenue

₹580 Cr

Rev 1Y growth

Rev 3Y CAGR

14%

EBITDA margin

32.0%

PAT margin

16.0%

ROE

18%

ROCE

16%

OCF/EBITDA

0.70

Net Debt/EBITDA

1.5

Financial statements

Multi-year P&L, balance sheet, cash flow — scraped live from Screener.in

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Valuation

Live multiples + retail-specific (curated)

P/E

Forward P/E

EV/EBITDA

EV/Sales

5.0

P/B

5.0

FCF Yield

4.3%

Trading below 25× EV/EBITDA — relatively reasonable for this segment.

Investment thesis

AI-generated · always cite sources before acting

Bull

Long-runway TAM with structural tailwinds.

Base

Earnings growth of ~15% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if Beverages / Alco-bev GMV outperforms.

Bear

Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.

Variant perception

Consensus views Sula Vineyards as a challenged player. Our differentiated take: the current multiple already prices in mid-cycle outcomes.

Key monitorables

Quarterly EBITDA margin trajectory
Revenue growth vs management guidance
Capex discipline (currently elevated)
Promoter holding and ESOP dilution

Peers

Same primary format · sorted by market cap