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Sula Vineyards Ltd
NSE:SULA

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Sula Vineyards Ltd
NSE:SULA
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Price: 175.44 INR -1.44% Market Closed
Market Cap: ₹14.8B

EV/S

2.5
Current
55%
Cheaper
vs 3-y average of 5.6

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
2.5
=
Enterprise Value
₹14.5B
/
Revenue
₹5.9B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
2.5
=
Enterprise Value
₹14.5B
/
Revenue
₹5.9B

Valuation Scenarios

Sula Vineyards Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (5.6), the stock would be worth ₹389.89 (122% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-39%
Maximum Upside
+122%
Average Upside
55%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 2.5 ₹175.44
0%
3-Year Average 5.6 ₹389.89
+122%
5-Year Average 5.6 ₹389.89
+122%
Industry Average 1.5 ₹106.97
-39%
Country Average 2.9 ₹200.44
+14%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
₹14.5B
/
Jan 2026
₹5.9B
=
2.5
Current
₹14.5B
/
Mar 2026
₹5.7B
=
2.5
Forward
₹14.5B
/
Mar 2027
₹6.4B
=
2.2
Forward
₹14.5B
/
Mar 2028
₹7B
=
2.1
Forward
₹14.5B
/
Mar 2029
₹7.9B
=
1.8
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

In line with most companies in India
Percentile
45th
Based on 2 864 companies
45th percentile
2.5
Low
0 — 1.6
Typical Range
1.6 — 5
High
5 —
Distribution Statistics
India
Min 0
30th Percentile 1.6
Median 2.9
70th Percentile 5
Max 55 686.2

Sula Vineyards Ltd
Glance View

Market Cap
14.8B INR
Industry
Beverages

Sula Vineyards Ltd. engages in the production and marketing of winery products to local India and international. The company is headquartered in Nashik, Maharashtra and currently employs 729 full-time employees. The company went IPO on 2022-12-22. The Company’s business is classified under two categories: the production of wine, the import of wines and spirits, and the distribution of wines and spirits (the Wine Business); and the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the Wine Tourism Business). The company distributes wines under a bouquet of brands. In addition to the flagship brand Sula, its brands include RASA, Dindori, The Source, Satori, Madera & Dia, with its flagship brand Sula, being the category creator of wine in India. The firm produces two types of wine: Still wine, and Sparkling wine. The firm produces over 56 different labels of wine at four owned and two leased production facilities located in the Indian states of Maharashtra and Karnataka. Its direct to consumer (D2C) selling channel primarily operates through its Wine Tourism Business facilities in Nashik and Bengaluru.

SULA Intrinsic Value
220.86 INR
Undervaluation 21%
Intrinsic Value
Price ₹175.44
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