Sula Vineyards Limited
Sula Vineyards Limited manufactures, purchases, and sells wine and other alcoholic beverages in India and internationally. It offers white, red, rosé, and sparkling wines; and spirits under the RASA, The Source, Dindori, SULA CLASSICS, and York brand names. The company also owns and operates wine tourism venues, including vineyard resorts and tasting rooms, as well as restaurants. It sells its pr… Read more
Sula Vineyards Limited (SULA) - Net Assets
Latest net assets as of September 2025: ₹5.66 Billion INR
Based on the latest financial reports, Sula Vineyards Limited (SULA) has net assets worth ₹5.66 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹10.93 Billion) and total liabilities (₹5.27 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹5.66 Billion |
| % of Total Assets | 51.78% |
| Annual Growth Rate | 10.31% |
| 5-Year Change | 92.38% |
| 10-Year Change | N/A |
| Growth Volatility | 15.35 |
Sula Vineyards Limited - Net Assets Trend (2019–2025)
This chart illustrates how Sula Vineyards Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sula Vineyards Limited (2019–2025)
The table below shows the annual net assets of Sula Vineyards Limited from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹5.86 Billion | +6.59% |
| 2024-03-31 | ₹5.50 Billion | +3.38% |
| 2023-03-31 | ₹5.32 Billion | +34.61% |
| 2022-03-31 | ₹3.95 Billion | +29.70% |
| 2021-03-31 | ₹3.05 Billion | +0.79% |
| 2020-03-31 | ₹3.02 Billion | -7.06% |
| 2019-03-31 | ₹3.25 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sula Vineyards Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 63.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹2.39 Billion | 40.83% |
| Common Stock | ₹168.80 Million | 2.88% |
| Other Comprehensive Income | ₹85.90 Million | 1.47% |
| Other Components | ₹3.21 Billion | 54.83% |
| Total Equity | ₹5.86 Billion | 100.00% |
Sula Vineyards Limited Competitors by Market Cap
The table below lists competitors of Sula Vineyards Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Paysign Inc
NASDAQ:PAYS
|
$100.71 Million |
|
BEEKS FIN CLD LS-00125
F:1BZ
|
$100.73 Million |
|
Huayang Intelligent Co Ltd
SHE:301502
|
$100.82 Million |
|
Biomm S.A
SA:BIOM3
|
$100.83 Million |
|
Southern Score Builders Berhad
KLSE:0045
|
$100.69 Million |
|
NOVAREX Co.Ltd
KQ:194700
|
$100.69 Million |
|
Ci&T Inc
NYSE:CINT
|
$100.68 Million |
|
First Real Estate Investment Trust of New Jersey Inc
PINK:FREVS
|
$100.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sula Vineyards Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,500,000,000 to 5,862,700,000, a change of 362,700,000 (6.6%).
- Net income of 702,000,000 contributed positively to equity growth.
- Dividend payments of 375,600,000 reduced retained earnings.
- New share issuances of 1,700,000 increased equity.
- Other comprehensive income increased equity by 34,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹702.00 Million | +11.97% |
| Dividends Paid | ₹375.60 Million | -6.41% |
| Share Issuances | ₹1.70 Million | +0.03% |
| Other Comprehensive Income | ₹34.60 Million | +0.59% |
| Total Change | ₹- | 6.59% |
Book Value vs Market Value Analysis
This analysis compares Sula Vineyards Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.50x to 2.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-03-31 | ₹43.29 | ₹151.46 | x |
| 2020-03-31 | ₹36.76 | ₹151.46 | x |
| 2021-03-31 | ₹37.35 | ₹151.46 | x |
| 2022-03-31 | ₹36.36 | ₹151.46 | x |
| 2023-03-31 | ₹64.46 | ₹151.46 | x |
| 2024-03-31 | ₹65.13 | ₹151.46 | x |
| 2025-03-31 | ₹69.48 | ₹151.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sula Vineyards Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.12%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.84x
- Recent ROE (11.97%) is above the historical average (7.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 2.19% | 1.42% | 0.65x | 2.39x | ₹-251.86 Million |
| 2020 | -5.31% | -3.50% | 0.55x | 2.77x | ₹-459.35 Million |
| 2021 | 0.99% | 0.84% | 0.48x | 2.47x | ₹-274.60 Million |
| 2022 | 13.19% | 12.28% | 0.56x | 1.92x | ₹126.13 Million |
| 2023 | 15.80% | 16.27% | 0.59x | 1.66x | ₹308.46 Million |
| 2024 | 16.97% | 16.44% | 0.55x | 1.87x | ₹383.10 Million |
| 2025 | 11.97% | 12.12% | 0.54x | 1.84x | ₹115.73 Million |
Industry Comparison
This section compares Sula Vineyards Limited's net assets metrics with peer companies in the Beverages - Wineries & Distilleries industry.
Industry Context
- Industry: Beverages - Wineries & Distilleries
- Average net assets among peers: $2,426,195,198
- Average return on equity (ROE) among peers: 9.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sula Vineyards Limited (SULA) | ₹5.66 Billion | 2.19% | 0.93x | $100.70 Million |
| Allied Blenders & Distillers Ltd (ABDL) | $4.04 Billion | 0.37% | 4.56x | $266.98 Million |
| Associated Alcohols & Breweries Ltd. (ASALCBR) | $398.01 Million | 14.14% | 1.24x | $43.11 Million |
| Bcl Industries Limited (BCLIND) | $741.37 Million | -4.51% | 3.40x | $35.38 Million |
| Globus Spirits Limited (GLOBUSSPR) | $2.47 Billion | 16.53% | 1.02x | $102.81 Million |
| GM Breweries Limited (GMBREW) | $2.20 Billion | 19.99% | 0.27x | $62.36 Million |
| IFB Agro Industries Limited (IFBAGRO) | $5.48 Billion | 8.96% | 0.15x | $13.71 Million |
| United Spirits Limited (MCDOWELL-N) | $2.76 Billion | 8.97% | 2.26x | $4.04 Billion |
| Piccadily Agro Industries Limited (PICCADIL) | $3.40 Billion | 32.31% | 1.18x | $61.15K |
| Radico Khaitan Limited (RADICO) | $2.34 Billion | 2.80% | 3.74x | $2.43 Billion |
| Ravi Kumar Distilleries Limited (RKDL) | $436.34 Million | -5.23% | 1.98x | $2.02 Million |