Introduction
Sula Vineyards (SULA) is India's largest and most renowned wine producer and distributor. As the country’s wine culture expands, can Sula capitalize on this growing demand and offer multibagger returns? Let’s analyze Sula’s fundamentals, future outlook, and target price predictions for 2025-2030.
Current Fundamental Analysis
Stock Price (Latest): ₹319 (as of February 2025)
Market Capitalization: ₹2750 Crore
52-Week High/Low: ₹640 / ₹308
Revenue (Q3 FY24): ₹218 Crore
Net Profit (Q3 FY24): ₹28 Crore
P/E Ratio: 38x
Major Shareholders:
Promoters: 24.50%
Foreign Institutional Investors (FIIs): 9.60%
Domestic Institutional Investors (DIIs): 20.10%
Retail & Others: 45.20%

Future Projects, Growth Strategy & Market Expansion
Sula Vineyards is positioning itself as the leader in India's booming wine industry through:
Expansion of vineyard area to meet rising demand.
Launching premium & export-oriented wines.
Growth in wine tourism through luxury vineyard stays.
Strengthening distribution network across hotels, restaurants, and retail.
Government support through reduced taxation on wine production.
Future Risks & Challenges
High taxation & regulatory barriers in liquor sales.
Rising competition from international wine brands.
Consumer preference shift towards craft beer & spirits.
Climate impact affecting grape production.
Short-Term Target Price (Next 6-12 Months)
Growth Drivers: Rising wine consumption, premiumization of the brand, growth in tourism.
Risks & Challenges: Heavy regulations, seasonal risks.
Short-Term Target Price:
Bullish Target: ₹480
Bearish Target: ₹390
Long-Term Target Price (2025-2030)
Big Funds & Banks' Views: Analysts see huge potential in India's evolving wine industry.
Market Sentiment & Investor Outlook: Positive outlook as urban demand grows.
Long-Term Target Price:
Bullish Target (2030): ₹900
Bearish Target (2030): ₹650
Financial Growth Analysis
Year | Revenue (₹ Crore) | Net Profit (₹ Crore) | EBITDA Growth (%) |
FY22 | 1,350 | 150 | 20% |
FY23 | 1,580 | 200 | 24% |
FY24E | 1,850 | 280 | 27% |
FY25E | 2,200 | 350 | 30% |
Conclusion: Should You Invest?
Sula Vineyards is set to ride India's wine revolution, benefiting from premiumization and rising consumer demand. While regulatory challenges exist, its strong brand, expansion strategy, and financial growth make it an attractive long-term investment.
Disclaimer
This article is for informational purposes only and not financial advice. Please do your own research or consult a financial advisor before investing.
Comments