Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Sula Vineyards Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 113.38 | 108.49 | 133.69 | 203.04 | 122.52 | 120.93 | 132.36 | 200.15 | 125.71 | 109.64 | 130.91 | 180.39 | 134.91 |
| Expenses + | 82.56 | 78.14 | 89.49 | 131.19 | 93.06 | 86.97 | 98.76 | 147.10 | 97.25 | 91.34 | 105.45 | 148.44 | 107.17 |
| Operating Profit | 30.82 | 30.35 | 44.20 | 71.85 | 29.46 | 33.96 | 33.60 | 53.05 | 28.46 | 18.30 | 25.46 | 31.95 | 27.74 |
| OPM % | 27.18% | 27.97% | 33.06% | 35.39% | 24.05% | 28.08% | 25.39% | 26.51% | 22.64% | 16.69% | 19.45% | 17.71% | 20.56% |
| Other Income + | 0.91 | 1.57 | 0.89 | 1.40 | 3.85 | 1.26 | 0.76 | 0.90 | 1.01 | 0.98 | 0.83 | -0.79 | 1.49 |
| Interest | 4.84 | 5.32 | 6.52 | 8.09 | 6.24 | 7.10 | 7.59 | 7.81 | 7.17 | 7.51 | 8.55 | 8.19 | 7.14 |
| Depreciation | 6.81 | 7.56 | 7.61 | 8.11 | 8.35 | 8.63 | 8.69 | 8.93 | 8.74 | 9.21 | 9.47 | 10.41 | 10.08 |
| Profit before tax | 20.08 | 19.04 | 30.96 | 57.05 | 18.72 | 19.49 | 18.08 | 37.21 | 13.56 | 2.56 | 8.27 | 12.56 | 12.01 |
| Tax % | 29.08% | 28.15% | 25.42% | 24.66% | 27.62% | 24.94% | 19.91% | 24.59% | 3.91% | 24.22% | 27.21% | 27.55% | 28.39% |
| Net Profit + | 14.24 | 13.68 | 23.09 | 42.98 | 13.55 | 14.63 | 14.48 | 28.06 | 13.03 | 1.94 | 6.02 | 9.10 | 8.60 |
| EPS in Rs | 1.69 | 1.62 | 2.74 | 5.09 | 1.61 | 1.73 | 1.72 | 3.32 | 1.54 | 0.23 | 0.71 | 1.08 | 1.02 |
Financials of Sula Vineyards Ltd
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 485 | 386 | 424 | 516 | 568 | 579 | 556 |
| Expenses + | 432 | 322 | 311 | 358 | 392 | 430 | 452 |
| Operating Profit | 53 | 64 | 113 | 158 | 176 | 149 | 103 |
| OPM % | 11% | 17% | 27% | 31% | 31% | 26% | 19% |
| Other Income + | -2 | -2 | 3 | 3 | 8 | 4 | 3 |
| Interest | 33 | 33 | 23 | 21 | 26 | 30 | 31 |
| Depreciation | 35 | 26 | 24 | 26 | 32 | 35 | 39 |
| Profit before tax | -17 | 3 | 70 | 114 | 126 | 88 | 35 |
| Tax % | -8% | 5% | 25% | 26% | 26% | 21% | 28% |
| Net Profit + | -16 | 3 | 52 | 84 | 93 | 70 | 26 |
| EPS in Rs | -10.42 | 1.98 | 6.63 | 9.98 | 11.06 | 8.32 | 3.04 |
| Dividend Payout % | 0% | 126% | 36% | 84% | 77% | 43% | 66% |
Financials of Sula Vineyards Ltd
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 16 | 17 | 17 | 17 | 17 |
| Reserves | 285 | 290 | 380 | 515 | 533 | 569 | 571 |
| Borrowings + | 393 | 315 | 240 | 203 | 324 | 315 | 333 |
| Other Liabilities + | 138 | 132 | 123 | 147 | 152 | 174 | 175 |
| Total Liabilities | 831 | 752 | 759 | 881 | 1,026 | 1,076 | 1,096 |
| Fixed Assets + | 355 | 318 | 361 | 413 | 454 | 495 | 512 |
| CWIP | 0 | 0 | 1 | 2 | 5 | 6 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 476 | 434 | 396 | 466 | 567 | 575 | 583 |
| Total Assets | 831 | 752 | 759 | 881 | 1,026 | 1,076 | 1,096 |
Financials of Sula Vineyards Ltd
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 45 | 120 | 87 | 90 | 121 | 58 | 101 |
| Cash from Investing Activity + | -44 | -22 | -57 | -74 | -43 | -75 | -33 |
| Cash from Financing Activity + | 33 | -94 | -61 | -9 | 2 | -74 | -67 |
| Net Cash Flow | 34 | 3 | -31 | 6 | 81 | -90 | -0 |
| Free Cash Flow | 1 | 104 | 42 | 21 | 63 | -7 | 69 |
| CFO/OP | 106% | 175% | 92% | 74% | 88% | 53% | 103% |
Financials of Sula Vineyards Ltd
Working capital efficiency and return ratios
| 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 | 334 | 404 | 764 | 775 | 924 | 877 | 440 |
| Days Payable | 161 | 164 | 318 | 356 | 390 | 374 | 209 |
| Cash Conversion Cycle | 287 | 357 | 541 | 501 | 643 | 651 | 386 |
| Working Capital Days | -2 | 3 | 52 | 85 | 8 | 92 | 101 |
| ROCE % | 6% | 15% | 20% | 19% | 13% | 8% |