Is Sula Vineyards overvalued or undervalued?

As of 19 November 2025, Sula Vineyards has moved from an attractive to a very attractive valuation grade. The company is currently considered undervalued, with a PE ratio of 42.28, an EV to EBITDA of 19.58, and a PEG ratio of 0.00, indicating strong growth potential relative to its price. In comparison to peers, Varun Beverages and United Spirits are both categorized as very expensive, with PE ratios of 51.7 and 59.84, respectively, highlighting Sula's relative affordability. Despite recent stock performance lagging behind the Sensex, with a year-to-date return of -41.24% compared to the Sensex's 9.02%, the underlying valuation metrics suggest that Sula Vineyards presents a compelling investment opportunity at its current price of 245.60.