Sula Vineyards Limited Net Assets
Sula Vineyards Limited net assets. Based on the latest financial reports, Sula Vineyards Limited (SULA) has net assets worth Rs5.87 Billion INR (≈ $63.53 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs10.96 Billion ≈ $118.48 Million USD) and total liabilities (Rs5.08 Billion ≈ $54.95 Million USD). 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. Also explore Sula Vineyards Limited net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs5.87 Billion |
| % of Total Assets | 53.62% |
| Annual Growth Rate | 8.81% |
| 5-Year Change | 48.61% |
| 10-Year Change | N/A |
| Growth Volatility | 14.74 |
Net Assets of Sula Vineyards Limited (2019–2026)
Net assets of Sula Vineyards Limited from 2019 to 2026. This chart illustrates how Sula Vineyards Limited's net assets have evolved over time, based on quarterly financial data. See Sula Vineyards Limited (SULA) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Sula Vineyards Limited (2019–2026)
The table below shows the annual net assets of Sula Vineyards Limited from 2019 to 2026. For live market cap and overall valuation, see SULA market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs5.87 Billion ≈ $63.53 Million |
+0.19% |
| 2025-03-31 | Rs5.86 Billion ≈ $63.40 Million |
+6.59% |
| 2024-03-31 | Rs5.50 Billion ≈ $59.48 Million |
+3.38% |
| 2023-03-31 | Rs5.32 Billion ≈ $57.54 Million |
+34.61% |
| 2022-03-31 | Rs3.95 Billion ≈ $42.75 Million |
+29.70% |
| 2021-03-31 | Rs3.05 Billion ≈ $32.96 Million |
+0.79% |
| 2020-03-31 | Rs3.02 Billion ≈ $32.70 Million |
-7.06% |
| 2019-03-31 | Rs3.25 Billion ≈ $35.18 Million |
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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 64.8% over the analyzed period, indicating profitable operations and earnings retention.
Sula Vineyards Limited Net Assets Breakdown (March 2026)
Sula Vineyards Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs2.41 Billion | 40.96% |
| Common Stock | Rs168.90 Million | 2.88% |
| Other Comprehensive Income | Rs67.70 Million | 1.15% |
| Other Components | Rs3.23 Billion | 55.01% |
| Total Equity | Rs5.87 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 |
|---|---|
|
Bogazici Beton Sanayi ve Ticaret AS
IS:BOBET
|
$114.81 Million |
|
Digimarc Corporation
NASDAQ:DMRC
|
$114.85 Million |
|
Chongkundang
KO:001630
|
$114.85 Million |
|
Airtel Africa Plc
LSE:AAF
|
$114.91 Million |
|
Novolog Pharm-Up 1966 Ltd
TA:NVLG
|
$114.78 Million |
|
Complete Solaria, Inc. Common Stock
NASDAQ:CSLR
|
$114.71 Million |
|
SaraminHR Co.Ltd
KQ:143240
|
$114.69 Million |
|
La Française de l'Energie S.A.
PA:FDE
|
$114.69 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 2025 to 2026, total equity changed from 5,862,700,000 to 5,874,000,000, a change of 11,300,000 (0.2%).
- Net income of 256,500,000 contributed positively to equity growth.
- Dividend payments of 307,000,000 reduced retained earnings.
- New share issuances of 6,500,000 increased equity.
- Other comprehensive income decreased equity by 18,200,000.
- Other factors increased equity by 73,500,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs256.50 Million | +4.37% |
| Dividends Paid | Rs307.00 Million | -5.23% |
| Share Issuances | Rs6.50 Million | +0.11% |
| Other Comprehensive Income | Rs-18.20 Million | -0.31% |
| Other Changes | Rs73.50 Million | +1.25% |
| Total Change | Rs- | 0.19% |
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: 1.81x
- 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 2.90x to 1.81x 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 | Rs43.29 | Rs125.68 | x |
| 2020-03-31 | Rs36.76 | Rs125.68 | x |
| 2021-03-31 | Rs37.35 | Rs125.68 | x |
| 2022-03-31 | Rs36.36 | Rs125.68 | x |
| 2023-03-31 | Rs64.46 | Rs125.68 | x |
| 2024-03-31 | Rs65.13 | Rs125.68 | x |
| 2025-03-31 | Rs69.48 | Rs125.68 | x |
| 2026-03-31 | Rs69.62 | Rs125.68 | 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): 4.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.61%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.87x
- Recent ROE (4.37%) is below the historical average (7.52%), suggesting potential challenges in 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 | Rs-251.86 Million |
| 2020 | -5.31% | -3.50% | 0.55x | 2.77x | Rs-459.35 Million |
| 2021 | 0.99% | 0.84% | 0.48x | 2.47x | Rs-274.60 Million |
| 2022 | 13.19% | 12.28% | 0.56x | 1.92x | Rs126.13 Million |
| 2023 | 15.80% | 16.27% | 0.59x | 1.66x | Rs308.46 Million |
| 2024 | 16.97% | 16.44% | 0.55x | 1.87x | Rs383.10 Million |
| 2025 | 11.97% | 12.12% | 0.54x | 1.84x | Rs115.73 Million |
| 2026 | 4.37% | 4.61% | 0.51x | 1.87x | Rs-330.90 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: $6,191,363,717
- Average return on equity (ROE) among peers: 13.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sula Vineyards Limited (SULA) | Rs5.87 Billion | 2.19% | 0.87x | $114.78 Million |
| Allied Blenders & Distillers Ltd (ABDL) | $4.04 Billion | 0.37% | 4.56x | $2.11 Billion |
| Associated Alcohols & Breweries Ltd. (ASALCBR) | $5.20 Billion | 15.65% | 0.38x | $116.73 Million |
| Bcl Industries Limited (BCLIND) | $1.83 Billion | 22.61% | 2.06x | $96.27 Million |
| Globus Spirits Limited (GLOBUSSPR) | $5.91 Billion | 24.38% | 0.68x | $213.42 Million |
| IFB Agro Industries Limited (IFBAGRO) | $2.83 Billion | 11.33% | 0.39x | $82.90 Million |
| United Spirits Limited (MCDOWELL-N) | $30.87 Billion | 22.68% | 1.95x | $10.49 Billion |
| Ravi Kumar Distilleries Limited (RKDL) | $150.33 Million | 11.95% | 2.57x | $4.62 Million |
| Tilaknagar Industries Limited (TI) | $-1.30 Billion | 0.00% | 0.00x | $1.29 Billion |
About 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 brands. The company also owns and operates wine tourism venues, including vineyard resorts and tasting rooms, as well as restaurants. It sells its product… Read more