Sula Vineyards Stock Falls to 52-Week Low of Rs.207.3 Amidst Prolonged Downtrend

Recent Price Movement and Market Context

On 18 Dec 2025, Sula Vineyards’ share price touched Rs.207.3, its lowest level in the past 52 weeks and also an all-time low. This price point comes after the stock experienced a consecutive five-day decline, resulting in a cumulative return of -4.24% during this period. The day’s trading saw the stock fall by 1.70%, moving in line with the broader beverages sector’s performance.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish momentum. This contrasts with the broader market, where the Sensex opened flat but later traded slightly negative at 84,456.88 points, down 0.12% from the previous close. Notably, the Sensex remains close to its 52-week high of 86,159.02, just 2.02% away, and is supported by bullish moving averages with the 50-day DMA above the 200-day DMA.

Long-Term Performance and Financial Indicators

Over the last year, Sula Vineyards has recorded a total return of -50.97%, significantly underperforming the Sensex, which posted a positive return of 5.33% in the same period. The stock’s 52-week high was Rs.438.6, highlighting the extent of the decline to the current low.

Financially, the company has shown subdued growth in operating profit, with an annual rate of change of -10.18% over the past five years. The latest quarterly results revealed a sharp fall in profit before tax (PBT), which declined by 53.68%. The quarterly PBT stood at Rs.7.44 crore, down 56.1% compared to the average of the previous four quarters. Similarly, the profit after tax (PAT) for the quarter was Rs.6.02 crore, reflecting a 58.1% reduction against the prior four-quarter average.

Operating cash flow for the year was recorded at Rs.64.03 crore, the lowest level in recent periods, further underscoring the financial strain faced by the company. These figures collectively point to challenges in both near-term and long-term financial performance.

Valuation and Comparative Metrics

Despite the recent price decline, Sula Vineyards exhibits a return on capital employed (ROCE) of 9.4%, which is considered attractive within its sector. The company’s enterprise value to capital employed ratio stands at 2.3, suggesting a valuation discount relative to its peers’ historical averages. This valuation metric indicates that the stock is trading at a lower multiple compared to similar companies in the beverages industry.

However, the company’s profits have contracted by 42.7% over the past year, aligning with the downward trend in its share price. The stock has also underperformed the BSE500 index over the last three years, one year, and three months, reflecting persistent challenges in generating shareholder returns.

Shareholding Pattern and Market Position

Sula Vineyards has a notable institutional holding of 22.06%. Institutional investors typically possess greater resources and analytical capabilities to assess company fundamentals, which may influence the stock’s trading dynamics. The company operates within the beverages sector, which has experienced mixed performance amid varying consumer demand and market conditions.

Sector and Market Comparison

The beverages sector, in which Sula Vineyards operates, has shown varied performance across companies. While the broader market indices such as the Sensex maintain levels near their yearly highs, Sula Vineyards’ stock has diverged significantly, reflecting company-specific factors. The stock’s underperformance relative to the Sensex and BSE500 indices highlights the challenges faced by the company in maintaining competitive growth and profitability.

Trading below all major moving averages suggests that the stock has been under sustained selling pressure, with limited short-term momentum. This technical positioning is consistent with the company’s financial results and sector dynamics over the past year.

Summary of Key Financial Data

To summarise, Sula Vineyards’ key financial and market data as of 18 Dec 2025 include:

• 52-week low and all-time low price: Rs.207.3


• 52-week high price: Rs.438.6


• One-year total return: -50.97%


• Operating profit annual rate over 5 years: -10.18%


• Quarterly PBT: Rs.7.44 crore, down 56.1% vs previous 4Q average


• Quarterly PAT: Rs.6.02 crore, down 58.1% vs previous 4Q average


• Operating cash flow for the year: Rs.64.03 crore (lowest recent level)


• Return on capital employed (ROCE): 9.4%


• Enterprise value to capital employed ratio: 2.3


• Institutional shareholding: 22.06%

These figures illustrate the financial pressures and valuation context surrounding Sula Vineyards as it trades near historic lows.

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