
About Sula Vineyards
Sula Vineyards is a publicly listed company based in Nashik (India) founded in 1999 by Rajeev Samant. Vineyard that produces and sells wine, offers hospitality and wine courses. Sula Vineyards has raised $64.61 million across 15 funding rounds from investors including Reliance Capital, Everstone Capital and VisVires Capital. The company has 752 employees. Sula Vineyards has completed 1 acquisition, including ND Wines. Sula Vineyards was last valued at $188.32 million in April 2022. Its chief executive, as recorded, is Rajeev Samant. Its website sulavineyards.com draws about 129 thousand monthly visits. Its Indian entity Sula Vineyards Limited reported revenue of βΉ507 Cr. Its focus areas include Food and Agriculture, Alcoholic Beverage Products, Wine and Still & Sparkling. Its competitors include Grover Zampa, Ronin Wines and RIO Fizzy Wine; 2 of its 3 listed competitors have raised funding.
Company details
Sula Vineyards was founded in 1999 in Nashik, India, within the wine production sector. Grapes are cultivated on the estate, and wine is manufactured for distribution through multiple channels. Hospitality services, including vineyard tours, wine tasting sessions, dining options, and accommodation, are provided to visitors. Wine education courses are also conducted for participants. Operations focus on both production and experiential offerings in the region.
- Headquarters Nashik, India
- Employees 752
- Founders Rajeev Samant
- Stage Public
- SectorsConsumer
- Website category Travel and Tourism · Accommodation and Hotels
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website sulavineyards.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Sula Vineyards Ltd.
- Market Cap₹1,163 Cr
SULA · NSE
- Share Price₹137.79
+0.01% today
- Revenue₹556 Cr
FY 2025-26 · -4.0% YoY
- EBITDA₹102 Cr
Margin 18.3%
- Net Profit₹27.08 Cr
FY 2025-26 · -61.3% YoY
- P/E (TTM)41.6x
P/B 2.0x
- ROE4.4%
ROCE 7.3%
- Debt / Equity0.55
Interest cover 50.3x
- Total Equity Funding$64.61M (USD)
in 15 rounds
- Latest Funding Round$6.69M (USD), Angel Round
Apr 2022
- InvestorsReliance Capital
& 41 more
- Employee Count752
- Investments & Acquisitions
Associated legal entities of Sula Vineyards
Sula Vineyards operates through Sula Vineyards Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sula Vineyards Limited Listed CIN L15549MH2003PLC139352 | Active | 26 Feb 2003 | Mumbai, Maharashtra | ₹507 Cr | 762 | 10 | View details |
Apps and channels of Sula Vineyards
its YouTube channel sulavineyards has 2.49K subscribers and 30 videos.
Videos from Sula Vineyards
The most watched videos on Sula Vineyards's YouTube channel, sulavineyards (2.49K subscribers). Click a video to play it here.
More on sulavineyards.
Funding Insights of Sula Vineyards
Sula Vineyards has successfully raised a total of $64.61M across 15 strategic funding rounds. The most recent funding activity was a Angel Round of $6.69 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $64.61M
- Total Rounds 15
- Last Round Angel Round β $6.69M
- First Round $3.5M
(Oct 2005)
- Investors Count 42
Latest 10 of 15 funding rounds of Sula Vineyards with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $6.69M | Angel Round | β | Alok Vajpeyi | |
| Apr 2022 | $6.69M | Angel Round | $188.32M | Alok Vajpeyi, Alok Vajpeyi | |
| Jul 2021 | $4.92M | Series B | β | DSG Consumer Partners | |
| Jan 2021 | $5.09M | Series B | $166.53M | DSG Consumer Partners | |
| Sep 2015 | $45,866 | Angel Round | $β’β’β’β’β’ | Cecilia Oldne | β |
| Sep 2015 | $45,867 | Angel Round | β | Cecilia Oldne | β |
| May 2014 | $10.26M | Series B | $β’β’β’β’β’ | Verlinvest | |
| May 2013 | $118,323 | Angel Round | $β’β’β’β’β’ | Neeraj Kailash Agarwal | |
| May 2013 | $124,787 | Angel Round | β | Neeraj Kailash Agarwal | |
| Nov 2010 | $15M | Series B | $β’β’β’β’β’ | β |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $188.32M | β’β’β’β’β’β’β’β’ |
| Jan 2021 | $166.53M | β’β’β’β’β’β’β’β’ |
| Sep 2015 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
| May 2014 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
| May 2013 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
| Nov 2010 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
| Oct 2010 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
| Aug 2007 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
Full valuation and stage history of Sula Vineyards
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $188.32M (Apr 2022). 42 investors in total: 12 institutional and 30 angel.
Investors in Sula Vineyards
Sula Vineyards has secured backing from 42 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Reliance Capital, Everstone Capital and VisVires Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investing in and supporting insurgent consumer brands in India and Southeast Asia. | dsgcp.com | |||
Multiple-stage venture capital investments are managed by Haystack. | haystack.vc | Menlo Park, United States | ||
Venture capital firm focused on multiple sectors | Quatre Bornes, Mauritius | |||
Single family office of a Belgian family focused on multiple industries | verlinvest.com | Brussels, Belgium | ||
Private equity investments are directed toward multiple sectors by Cofintra. | Brussels, Belgium | |||
Private equity investments in mid-market businesses linked to India and Southeast Asia. | 2006 | everstonecapital.com | Singapore, Singapore | |
Multiple sectors are invested in by this private equity firm. | Ebene City, Mauritius | |||
Multiple sectors are invested in by this private equity firm. | gemny.com | New York, United States | ||
Financial services including loans, insurance, and asset management are provided. | 1986 | reliancecapital.co.in | Mumbai, India | |
Online platform for business investment management is operated. | 2010 | visvirescapital.com | Singapore, Singapore |
Investor details for Sula Vineyards
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Sula Vineyards Limited (Sula Vineyards)
Sula Vineyards Limited is the primary company behind Sula Vineyards. The board of Sula Vineyards Limited currently have 7 directors; the longest-serving is Rajeev Samant, appointed in 2003. 25 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajeev Samant DIN 00020675 | Managing Director | 26 Feb 2003 | 23 yrs 8 mo | Sula Vineyards Limited |
| Chetan Rameshchandra Desai DIN 03595319 | Director | 01 Jun 2018 | 8 yrs 5 mo | Sula Vineyards Limited |
| Alok Sureshchandra Vajpeyi DIN 00019098 | Director | 02 Dec 2020 | 5 yrs 11 mo | Sula Vineyards Limited |
| Sangeeta Tanwani DIN 03321646 | Director | 15 Dec 2021 | 4 yrs 10 mo | Sula Vineyards Limited |
| Deepak Ishwardas Shahdadpuri DIN 00444270 | Director | 04 Apr 2024 | 2 yrs 7 mo | Sula Vineyards Limited |
| Anant S Iyer DIN 00610131 | Director | 12 Nov 2024 | 1 yr 11 mo | Sula Vineyards Limited |
| Chaitanya Kamal Rathi DIN 07705302 | Director | 06 Aug 2026 | 3 mo | Sula Vineyards Limited |
People of Sula Vineyards
38 people are tracked at Sula Vineyards (13 in leadership, 25 in team); the tracked headcount is 752.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Madhu Kutty | Deputy General Manager | Leadership |
Amol Chavan | Deputy General Manager Maintenance | Leadership |
Rakesh Kumar Singh | Head Of Legal | Leadership |
Mandar Kapse | Head Of Investor Relations | Leadership |
Rakesh Suryavanshi | Events & Trade Marketing Head | Leadership |
Sakshi Gupta | Associate Vice President - People Operations | Leadership |
Jeet Sawant | General Manager Sales | Leadership |
Rohan Anand | Associate Vice President Hospitality | Leadership |
Abhishek Kapoor | Chief Financial Officer | Leadership |
Rinku Bubna | General Manager Finance And Accounts | Leadership |
Ratul Gupta | General Manager | Leadership |
Sunayana Nambiar | General Manager - HR Operations And Administration | Leadership |
Ameet Parikh | AVP - Sales & Commercial Finance | Team |
Sagar Dabhade | Area Sales Manager | Team |
Roshan Patole | Sr. Area Sales Manager | Team |
Sk Ziaur Rahaman | Area Sales Manager | Team |
Tanmay Savdavkar | Sr. Executive - Marketing And Events | Team |
Farid Khan | Marketing And Event Manager | Team |
Soumya Dey | Manager Learning And Development | Team |
18 more people are available in the full profile.
Complete people profiles for Sula Vineyards
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Sula Vineyards
Sula Vineyards is a publicly listed company on the NSE with ticker symbol SULA in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date22 Dec 2022
- Listed onBSE: 543711 · NSE: SULA
- Listed entitySula Vineyards Ltd.
- Exchange sectorProcess industries
- ISININE142Q01026
- Share price₹135.89 (+2.51% on the day) · 2026-10-14
- Market capitalisation₹1,119 Cr
- Price to earnings46.3
- EPS (diluted, trailing year)₹2.94
- Dividend yield1.5%
- Volume (last session)148,123
Financials of Sula Vineyards
Exchange-reported figures of Sula Vineyards Limited, the listed company behind Sula Vineyards (NSE: SULA).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 556 | 579 | 568 | 516 | 424 | 386 | 485 |
| Revenue growth | -4.0% | +2.0% | +9.9% | +21.7% | +10.0% | -20.5% | - |
| EBITDA | 102 | 149 | 176 | 157 | 113 | 58.70 | 48.92 |
| EBITDA margin | +18.3% | +25.7% | +31.0% | +30.5% | +26.7% | +15.2% | +10.1% |
| Profit before tax | 35.39 | 88.34 | 126 | 114 | 69.54 | 3.18 | (17.39) |
| Net profit | 27.08 | 69.89 | 92.85 | 84.49 | 52.18 | 6.78 | (11.86) |
| Net profit margin | +4.9% | +12.1% | +16.4% | +16.4% | +12.3% | +1.8% | -2.4% |
| EPS (βΉ) | 3.04 | 8.32 | 11.06 | 9.98 | 6.63 | 1.98 | (10.42) |
| Balance sheet | |||||||
| Total assets | 928 | 905 | 876 | 735 | 637 | 630 | 703 |
| Net worth | 587 | 586 | 550 | 532 | 395 | 305 | 300 |
| Total debt | 333 | 315 | 324 | 203 | 240 | 315 | 393 |
| Cash & bank | 9.37 | 8.37 | 105 | 33.76 | 19.58 | 51.76 | 40.27 |
| Net working capital | 408 | 394 | 371 | 296 | 266 | 301 | 333 |
| Cash flow | |||||||
| Cash from operations | 101 | 58.38 | 121 | 89.91 | 87.44 | 120 | 44.68 |
| Cash from investing | (33.33) | (74.81) | (42.85) | (74.38) | (56.78) | (21.71) | (43.97) |
| Cash from financing | (67.45) | (73.54) | 2.48 | (9.36) | (61.25) | (94.48) | 33.34 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 113 | 135 | 180 | 131 | 110 | 126 | 200 | 132 |
| Revenue growth (YoY) | +3.0% | +7.3% | -9.9% | -1.1% | -9.3% | - | - | - |
| Other income | 2.38 | 1.61 | 0.91 | 0.83 | 0.98 | 1.01 | 0.90 | 0.76 |
| EBITDA | 16.60 | 27.62 | 30.25 | 25.46 | 18.30 | 28.46 | 53.05 | 33.60 |
| EBITDA margin | +14.7% | +20.5% | +16.8% | +19.4% | +16.7% | +22.6% | +26.5% | +25.4% |
| Depreciation | 10.28 | 10.08 | 10.41 | 9.47 | 9.21 | 8.74 | 8.93 | 8.69 |
| Interest | 7.18 | 7.14 | 8.19 | 8.55 | 7.51 | 7.17 | 7.81 | 7.59 |
| Profit before tax | 1.52 | 12.01 | 12.56 | 8.27 | 2.56 | 13.56 | 37.21 | 18.08 |
| Tax | 0.46 | 3.41 | 3.46 | 2.25 | 0.62 | 0.53 | 9.15 | 3.60 |
| Net profit | 1.06 | 8.60 | 9.10 | 6.02 | 1.94 | 13.03 | 28.06 | 14.48 |
| EPS (βΉ) | 0.13 | 1.02 | 1.08 | 0.71 | 0.23 | 1.55 | 3.32 | 1.72 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 462 | 488 | 548 | 493 | 390 | 306 | 387 |
| Revenue growth | -5.4% | -10.9% | +11.2% | +26.4% | +27.5% | -20.9% | - |
| EBITDA | 57.28 | 95.54 | 167 | 156 | 105 | 51.56 | 51.24 |
| EBITDA margin | +12.4% | +19.6% | +30.6% | +31.6% | +27.0% | +16.9% | +13.2% |
| Profit before tax | 7.71 | 47.90 | 127 | 118 | 66.26 | (0.28) | (12.07) |
| Net profit | 6.45 | 33.53 | 94.51 | 88.77 | 50.15 | 2.43 | (5.90) |
| Net profit margin | +1.4% | +6.9% | +17.2% | +18.0% | +12.9% | +0.8% | -1.5% |
| EPS (βΉ) | 0.37 | 3.96 | 11.22 | 10.48 | 6.22 | (0.42) | (5.42) |
| Balance sheet | |||||||
| Total assets | 825 | 851 | 869 | 748 | 642 | 648 | 711 |
| Net worth | 553 | 575 | 575 | 556 | 415 | 328 | 326 |
| Total debt | 265 | 269 | 292 | 192 | 226 | 310 | 357 |
| Cash & bank | 6.69 | 4.70 | 102 | 28.96 | 14.76 | 45.32 | 35.91 |
| Net working capital | 338 | 330 | 354 | 274 | 237 | 274 | 293 |
| Cash flow | |||||||
| Cash from operations | 72.89 | 64.03 | 113 | 80.51 | 77.49 | 113 | 34.70 |
| Cash from investing | (15.15) | (68.74) | (34.66) | (70.82) | (39.15) | (12.28) | (43.09) |
| Cash from financing | (56.35) | (85.89) | 1.47 | (3.81) | (69.32) | (95.68) | 40.64 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 99.06 | 104 | 155 | 112 | 91.08 | 89.80 | 165 | 115 |
| Revenue growth (YoY) | +8.8% | +16.0% | -6.2% | -2.9% | -23.0% | - | - | - |
| Other income | 2.64 | 1.98 | 1.20 | 1.29 | 1.79 | 1.78 | 1.72 | 1.65 |
| Total expenses | 83.39 | 97.52 | 133 | 94.06 | 80.26 | 81.53 | 130 | 93.82 |
| EBITDA | 15.67 | 6.65 | 21.97 | 17.84 | 10.82 | 8.27 | 34.70 | 21.41 |
| EBITDA margin | +15.8% | +6.4% | +14.2% | +15.9% | +11.9% | +9.2% | +21.0% | +18.6% |
| Depreciation | 7.53 | 7.42 | 7.66 | 7.56 | 7.53 | 7.16 | 7.46 | 7.21 |
| Interest | 5.41 | 5.74 | 6.57 | 7.17 | 6.18 | 5.86 | 6.71 | 6.66 |
| Profit before tax | 5.37 | (4.53) | 8.94 | 4.40 | (1.10) | (2.97) | 22.25 | 9.19 |
| Tax | 1.31 | 1.23 | 2.32 | 1.25 | (0.19) | 1.92 | 5.92 | 1.80 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 113 | 135 | 180 | 131 | 110 | 126 | 200 | 132 |
| Revenue growth (YoY) | +3.0% | +7.3% | -9.9% | -1.1% | -9.3% | - | - | - |
| Other income | 2.38 | 1.61 | 0.91 | 0.83 | 0.98 | 1.01 | 0.90 | 0.76 |
| EBITDA | 16.60 | 27.62 | 30.25 | 25.46 | 18.30 | 28.46 | 53.05 | 33.60 |
| EBITDA margin | +14.7% | +20.5% | +16.8% | +19.4% | +16.7% | +22.6% | +26.5% | +25.4% |
| Depreciation | 10.28 | 10.08 | 10.41 | 9.47 | 9.21 | 8.74 | 8.93 | 8.69 |
| Interest | 7.18 | 7.14 | 8.19 | 8.55 | 7.51 | 7.17 | 7.81 | 7.59 |
| Profit before tax | 1.52 | 12.01 | 12.56 | 8.27 | 2.56 | 13.56 | 37.21 | 18.08 |
| Tax | 0.46 | 3.41 | 3.46 | 2.25 | 0.62 | 0.53 | 9.15 | 3.60 |
| Net profit | 1.06 | 8.60 | 9.10 | 6.02 | 1.94 | 13.03 | 28.06 | 14.48 |
| EPS (βΉ) | 0.13 | 1.02 | 1.08 | 0.71 | 0.23 | 1.55 | 3.32 | 1.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 556 | 579 | 568 | 516 | 424 | 386 | 485 |
| Revenue growth | -4.0% | +2.0% | +9.9% | +21.7% | +10.0% | -20.5% | - |
| Other income | 4.33 | 3.93 | 7.72 | 3.49 | 2.78 | 3.57 | 1.58 |
| Total expenses | 454 | 430 | 392 | 359 | 311 | 327 | 436 |
| Employee cost | 90.90 | 93.13 | 86.35 | 77.46 | 65.34 | 55.50 | 65.74 |
| EBITDA | 102 | 149 | 176 | 157 | 113 | 58.70 | 48.92 |
| EBITDA margin | +18.3% | +25.7% | +31.0% | +30.5% | +26.7% | +15.2% | +10.1% |
| Depreciation | 39.17 | 34.99 | 31.63 | 25.89 | 23.61 | 25.70 | 35.00 |
| Interest | 31.39 | 29.67 | 26.16 | 21.08 | 22.92 | 33.39 | 32.89 |
| Profit before tax | 35.39 | 88.34 | 126 | 114 | 69.54 | 3.18 | (17.39) |
| Tax | 9.74 | 18.14 | 32.47 | 29.94 | 17.40 | 0.17 | (1.46) |
| Net profit | 27.08 | 69.89 | 92.85 | 84.49 | 52.18 | 6.78 | (11.86) |
| Net profit margin | +4.9% | +12.1% | +16.4% | +16.4% | +12.3% | +1.8% | -2.4% |
| EPS (βΉ) | 3.04 | 8.32 | 11.06 | 9.98 | 6.63 | 1.98 | (10.42) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.89 | 16.88 | 16.88 | 16.85 | 15.72 | 15.08 | 15.04 |
| Reserves & surplus | 571 | 569 | 533 | 515 | 379 | 289 | 284 |
| Shareholders' funds (net worth) | 587 | 586 | 550 | 532 | 395 | 305 | 300 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.40 |
| Secured loans | 266 | 276 | 263 | 166 | 211 | 271 | 338 |
| Unsecured loans | 67.38 | 39.68 | 61.24 | 36.61 | 29.10 | 43.71 | 55.05 |
| Total debt | 333 | 315 | 324 | 203 | 240 | 315 | 393 |
| Total liabilities | 928 | 905 | 876 | 735 | 637 | 630 | 703 |
| Assets | |||||||
| Gross block | 712 | 662 | 593 | 550 | 477 | 413 | 436 |
| Net block | 512 | 495 | 454 | 413 | 361 | 318 | 355 |
| Capital work in progress | 0.85 | 5.52 | 4.82 | 1.91 | 0.98 | 0.11 | 0.12 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 |
| Inventories | 201 | 216 | 198 | 179 | 162 | 144 | 171 |
| Sundry debtors | 237 | 234 | 170 | 115 | 109 | 124 | 152 |
| Cash & bank balances | 9.37 | 8.37 | 105 | 33.76 | 19.58 | 51.76 | 40.27 |
| Loans & advances | 99.43 | 83.06 | 29.91 | 97.31 | 79.30 | 87.63 | 79.68 |
| Total current assets | 547 | 542 | 502 | 424 | 371 | 407 | 443 |
| Total current liabilities | 139 | 148 | 131 | 129 | 105 | 106 | 110 |
| Net working capital | 408 | 394 | 371 | 296 | 266 | 301 | 333 |
| Total assets | 928 | 905 | 876 | 735 | 637 | 630 | 703 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 7.22 | 97.19 | 16.37 | 10.20 | 40.79 | 37.47 | 3.42 |
| Net cash from operating activities | 101 | 58.38 | 121 | 89.91 | 87.44 | 120 | 44.68 |
| Net cash from investing activities | (33.33) | (74.81) | (42.85) | (74.38) | (56.78) | (21.71) | (43.97) |
| Net cash from financing activities | (67.45) | (73.54) | 2.48 | (9.36) | (61.25) | (94.48) | 33.34 |
| Net change in cash | (0.03) | (89.97) | 80.82 | 6.17 | (30.59) | 3.36 | 34.05 |
| Closing cash | 9.37 | 8.37 | 105 | 33.76 | 19.58 | 51.76 | 40.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -4.0% | +2.0% | +9.9% | +21.7% | +10.0% | -20.5% | - |
| EBITDA growth | -31.8% | -15.2% | +11.7% | +39.0% | +93.0% | +20.0% | - |
| PBT growth | -59.9% | -29.8% | +10.3% | +63.9% | +2086.8% | +9998.0% | +9997.0% |
| Net income growth | -61.3% | -24.7% | +9.9% | +61.9% | +669.6% | +157.2% | - |
| Revenue CAGR (3Y) | +2.5% | +10.9% | +13.7% | +2.1% | - | - | - |
| EBITDA CAGR (3Y) | -13.6% | +9.6% | +44.2% | +47.7% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +4.6% | +12.1% | +16.4% | +16.3% | +12.3% | +0.8% | -3.3% |
| Return on capital employed | +7.3% | +13.3% | +18.9% | +19.7% | +14.6% | +6.3% | +2.8% |
| Return on net worth | +4.4% | +12.4% | +17.3% | +18.1% | +14.9% | +2.3% | -4.0% |
| Debt / equity | 0.55 | 0.56 | 0.49 | 0.48 | 0.79 | 1.17 | 1.31 |
| Long-term debt / equity | 0.14 | 0.13 | 0.12 | 0.15 | 0.26 | 0.33 | 0.33 |
| Interest cover | 50.26 | 26.01 | 18.14 | 16.02 | 25.56 | 101.18 | 236.28 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.87 | 0.99 | 1.07 | 1.08 | 1.02 | 0.98 | 1.20 |
| Inventory turnover | 2.86 | 2.99 | 3.23 | 3.25 | 2.96 | 2.65 | 3.04 |
| Debtors turnover | 2.53 | 3.07 | 4.28 | 4.94 | 3.90 | 3.04 | 3.44 |
| EPS (βΉ) | 3.04 | 8.32 | 11.06 | 9.98 | 6.63 | 1.98 | (10.42) |
| Dividend per share (βΉ) | 2.00 | 3.60 | 8.50 | 8.35 | 2.40 | 2.50 | 0.00 |
| Book value per share (βΉ) | 69.56 | 69.46 | 65.17 | 63.11 | 50.26 | 201.65 | 198.83 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 99.06 | 104 | 155 | 112 | 91.08 | 89.80 | 165 | 115 |
| Revenue growth (YoY) | +8.8% | +16.0% | -6.2% | -2.9% | -23.0% | - | - | - |
| Other income | 2.64 | 1.98 | 1.20 | 1.29 | 1.79 | 1.78 | 1.72 | 1.65 |
| Total expenses | 83.39 | 97.52 | 133 | 94.06 | 80.26 | 81.53 | 130 | 93.82 |
| EBITDA | 15.67 | 6.65 | 21.97 | 17.84 | 10.82 | 8.27 | 34.70 | 21.41 |
| EBITDA margin | +15.8% | +6.4% | +14.2% | +15.9% | +11.9% | +9.2% | +21.0% | +18.6% |
| Depreciation | 7.53 | 7.42 | 7.66 | 7.56 | 7.53 | 7.16 | 7.46 | 7.21 |
| Interest | 5.41 | 5.74 | 6.57 | 7.17 | 6.18 | 5.86 | 6.71 | 6.66 |
| Profit before tax | 5.37 | (4.53) | 8.94 | 4.40 | (1.10) | (2.97) | 22.25 | 9.19 |
| Tax | 1.31 | 1.23 | 2.32 | 1.25 | (0.19) | 1.92 | 5.92 | 1.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 462 | 488 | 548 | 493 | 390 | 306 | 387 |
| Revenue growth | -5.4% | -10.9% | +11.2% | +26.4% | +27.5% | -20.9% | - |
| Other income | 6.26 | 6.85 | 10.07 | 5.83 | 4.58 | 5.78 | 2.62 |
| Total expenses | 405 | 393 | 381 | 337 | 285 | 254 | 336 |
| Employee cost | 83.18 | 86.72 | 82.55 | 75.52 | 63.83 | 53.88 | 60.01 |
| EBITDA | 57.28 | 95.54 | 167 | 156 | 105 | 51.56 | 51.24 |
| EBITDA margin | +12.4% | +19.6% | +30.6% | +31.6% | +27.0% | +16.9% | +13.2% |
| Depreciation | 30.17 | 28.92 | 26.81 | 23.84 | 22.41 | 25.36 | 34.50 |
| Interest | 25.66 | 25.57 | 23.59 | 19.44 | 21.33 | 32.26 | 31.43 |
| Profit before tax | 7.71 | 47.90 | 127 | 118 | 66.26 | (0.28) | (12.07) |
| Tax | 4.61 | 14.50 | 32.47 | 29.94 | 17.40 | 0.35 | (3.89) |
| Net profit | 6.45 | 33.53 | 94.51 | 88.77 | 50.15 | 2.43 | (5.90) |
| Net profit margin | +1.4% | +6.9% | +17.2% | +18.0% | +12.9% | +0.8% | -1.5% |
| EPS (βΉ) | 0.37 | 3.96 | 11.22 | 10.48 | 6.22 | (0.42) | (5.42) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.89 | 16.88 | 16.88 | 16.85 | 15.72 | 15.08 | 15.04 |
| Reserves & surplus | 536 | 558 | 558 | 539 | 399 | 312 | 311 |
| Shareholders' funds (net worth) | 553 | 575 | 575 | 556 | 415 | 328 | 326 |
| Secured loans | 237 | 243 | 247 | 156 | 197 | 266 | 307 |
| Unsecured loans | 28.75 | 26.40 | 44.67 | 36.30 | 29.04 | 43.71 | 50.37 |
| Total debt | 265 | 269 | 292 | 192 | 226 | 310 | 357 |
| Total liabilities | 825 | 851 | 869 | 748 | 642 | 648 | 711 |
| Assets | |||||||
| Gross block | 605 | 591 | 546 | 528 | 457 | 412 | 428 |
| Net block | 429 | 438 | 417 | 394 | 342 | 317 | 349 |
| Capital work in progress | 0.45 | 4.35 | 4.64 | 1.82 | 0.98 | 0.11 | 0.12 |
| Investments | 46.66 | 41.42 | 27.69 | 27.46 | 26.99 | 21.00 | 26.33 |
| Inventories | 178 | 196 | 183 | 169 | 151 | 135 | 159 |
| Sundry debtors | 200 | 186 | 160 | 105 | 90.59 | 110 | 134 |
| Cash & bank balances | 6.69 | 4.70 | 102 | 28.96 | 14.76 | 45.32 | 35.91 |
| Loans & advances | 65.80 | 60.87 | 28.13 | 94.35 | 78.12 | 66.94 | 78.08 |
| Total current assets | 450 | 448 | 473 | 397 | 334 | 357 | 407 |
| Total current liabilities | 112 | 118 | 119 | 123 | 97.44 | 83.56 | 114 |
| Net working capital | 338 | 330 | 354 | 274 | 237 | 274 | 293 |
| Total assets | 825 | 851 | 869 | 748 | 642 | 648 | 711 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 4.18 | 94.78 | 15.32 | 9.44 | 40.42 | 35.09 | 2.85 |
| Net cash from operating activities | 72.89 | 64.03 | 113 | 80.51 | 77.49 | 113 | 34.70 |
| Net cash from investing activities | (15.15) | (68.74) | (34.66) | (70.82) | (39.15) | (12.28) | (43.09) |
| Net cash from financing activities | (56.35) | (85.89) | 1.47 | (3.81) | (69.32) | (95.68) | 40.64 |
| Net change in cash | 1.39 | (90.60) | 79.46 | 5.88 | (30.98) | 5.33 | 32.25 |
| Closing cash | 6.69 | 4.70 | 102 | 28.96 | 14.76 | 45.32 | 35.91 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -5.4% | -10.9% | +11.2% | +26.4% | +27.5% | -20.9% | - |
| EBITDA growth | -40.1% | -43.0% | +7.6% | +47.7% | +104.5% | +0.6% | - |
| PBT growth | -83.9% | -62.3% | +7.5% | +78.5% | +9998.0% | +97.7% | - |
| Net income growth | -80.8% | -64.5% | +6.5% | +77.0% | +1963.8% | +141.2% | - |
| Revenue CAGR (3Y) | -2.1% | +7.8% | +21.5% | +8.4% | -8.0% | -9.9% | +3.8% |
| EBITDA CAGR (3Y) | -28.4% | -3.2% | +48.1% | +44.8% | +10.4% | -3.6% | +8.0% |
| Profitability & leverage | |||||||
| Net income margin | +0.7% | +6.8% | +17.3% | +17.9% | +12.5% | -0.2% | -2.1% |
| Return on capital employed | +5.0% | +8.5% | +18.6% | +19.8% | +13.6% | +5.5% | +3.2% |
| Return on net worth | +1.1% | +5.8% | +16.7% | +18.2% | +13.2% | +0.7% | -1.8% |
| Debt / equity | 0.47 | 0.49 | 0.43 | 0.43 | 0.72 | 1.02 | 0.94 |
| Long-term debt / equity | 0.10 | 0.10 | 0.09 | 0.13 | 0.23 | 0.27 | 0.23 |
| Interest cover | 94.65 | 38.38 | 16.77 | 14.74 | 25.70 | 123.13 | 187.75 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.84 | 0.93 | 1.10 | 1.08 | 0.97 | 0.80 | 1.08 |
| Inventory turnover | 2.68 | 2.78 | 3.35 | 3.31 | 2.93 | 2.30 | 2.88 |
| Debtors turnover | 2.59 | 3.04 | 4.44 | 5.42 | 4.19 | 2.78 | 2.95 |
| EPS (βΉ) | 0.37 | 3.96 | 11.22 | 10.48 | 6.22 | (0.42) | (5.42) |
| Dividend per share (βΉ) | 2.00 | 3.60 | 8.50 | 8.35 | 2.40 | 0.00 | 0.00 |
| Book value per share (βΉ) | 65.51 | 68.11 | 68.16 | 65.94 | 52.76 | 216.82 | 216.43 |
Investments & Acquisitions by Sula Vineyards
Sula Vineyards has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ND Wines.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Multi-category wines are offered online by ND Wines. | ndwines.com | Bilbao, Spain | 2022 | Apr 2024 | β’β’β’β’ |
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Timeline of Sula Vineyards
6 dated milestones of Sula Vineyards across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Sula Vineyards is founded.
- Funding First funding round of $3.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $6.7M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires ND Wines.
Competitors of Sula Vineyards
Sula Vineyards has 3 listed competitors in our database, 2 of them funded. They include Grover Zampa, Ronin Wines and RIO Fizzy Wine.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| groverzampa.in | 1988 | Mumbai, India | $30.03M | 193 | Producer of various wine selections, providing vineyard tours and wine tasting | |
| 2016 | Pune, India | $2M | 140 | Wines are retailed by Ronin Wines in Pune, India. | ||
| riofizzywine.com | 2017 | Mumbai, India | 214 | Manufactures and sells fizzy wines, spritzers, and port wines to consumers. |
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Web traffic of Sula Vineyards
The website of Sula Vineyards (sulavineyards.com) receives about 129.3K visits a month and ranks #247,952 among all websites worldwide, #7,191 in Accommodation and Hotels.
- Monthly visits129.3K
▼ 12.3% vs previous month
- Unique visitors81.8K
per month
- Global rank#247,952
among all websites
- Category rank#7,191
Travel and Tourism · Accommodation and Hotels
- Bounce rate36%
- Pages per visit2.9
- Average visit1 min 36 sec
- DevicesDesktop 24% Β· Mobile 76%
Websites whose visitors overlap most with Sula Vineyards. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
swiftbook.io | swiftbook.io | 100% | #46,143 | β | |
| airbnb.co.in | 80% | 8.3M | #3,062 | View details | |
| anchaviyo.com | 75% | 11.6K | #1,870,722 | View details | |
| booking.com | 65% | 596.4M | #49 | View details | |
tripadvisor.in | tripadvisor.in | 52% | #4,062 | β | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
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Top companies in Alcoholic & Tobacco Products
3 companies that operate in the same segment as Sula Vineyards (Alcoholic & Tobacco Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Flavored craft beers are produced and distributed by Bira 91. | 2015 | Delhi, Delhi, India | USD 456.92 M | USD 105.75 M | 1,020 | |
Brand of multi-category alcoholic spirits | 2017 | Delhi, Delhi, India | USD 9.83 M | USD 3.99 M | 54 | |
Brand of beer and spirits | 2017 | Gurugram, Haryana, India | USD 8.89 M | USD 2.66 M | 33 |
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Related news about Sula Vineyards
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Frequently Asked Questions about Sula Vineyards
Sula Vineyards was founded in 1999 and raised its 1st funding round 6 years after it was founded.
Sula Vineyards is headquartered in Nashik, India. It is registered at Nashik, Maharashtra, India.
Rajeev Samant is the CEO of Sula Vineyards, as recorded in our data. They have also founded this company.
Sula Vineyards is a funded company, having raised a total of $64.61M across 15 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Oct 2005.
Sula Vineyards has 752 employees.
The primary company behind Sula Vineyards, Sula Vineyards Limited, reported revenue of βΉ507 Cr for FY 2026, down 4% year on year.
Sula Vineyards was founded in 1999 in Nashik, India, within the wine production sector. Grapes are cultivated on the estate, and wine is manufactured for distribution through multiple channels. Hospitality services, including vineyard tours, wine tasting sessions, dining options, and accommodation, are provided to visitors. Wine education courses are also conducted for participants. Operations focus on both production and experiential offerings in the region.
Sula Vineyards's top competitors include Grover Zampa, Ronin Wines and RIO Fizzy Wine.
Yes, Sula Vineyards is publicly traded on NSE under the ticker symbol SULA.
Sula Vineyards has made 1 acquisition, including ND Wines.
Sula Vineyards has 42 investors. Key investors include Reliance Capital, Everstone Capital, VisVires Capital, Alok Vajpeyi, and Nirjay Singh.
The valuation of Sula Vineyards is $188.32M as of Apr 2022.
