Sula Vineyards Limited

NSEI:SULA Stock Report

Market Cap: ₹33.3b

Sula Vineyards Valuation

Is SULA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SULA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SULA (₹392.5) is trading above our estimate of fair value (₹167.46)

Significantly Below Fair Value: SULA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SULA?

Key metric: As SULA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SULA. This is calculated by dividing SULA's market cap by their current earnings.
What is SULA's PE Ratio?
PE Ratio38.7x
Earnings₹856.40m
Market Cap₹33.30b

Price to Earnings Ratio vs Peers

How does SULA's PE Ratio compare to its peers?

The above table shows the PE ratio for SULA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29x
GLOBUSSPR Globus Spirits
37.8xn/a₹24.0b
GMBREW G.M. Breweries
11.1xn/a₹17.3b
507205 Tilaknagar Industries
38.2x7.7%₹66.3b
507526 Associated Alcohols & Breweries
28.9xn/a₹16.5b
SULA Sula Vineyards
38.7x16.1%₹33.3b

Price-To-Earnings vs Peers: SULA is expensive based on its Price-To-Earnings Ratio (38.7x) compared to the peer average (29x).

Price to Earnings Ratio vs Industry

How does SULA's PE Ratio compare vs other companies in the IN Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
SULA 38.7xIndustry Avg. 19.0xNo. of Companies3PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SULA is expensive based on its Price-To-Earnings Ratio (38.7x) compared to the Asian Beverage industry average (19x).

Price to Earnings Ratio vs Fair Ratio

What is SULA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SULA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.7x
Fair PE Ratio32.4x

Price-To-Earnings vs Fair Ratio: SULA is expensive based on its Price-To-Earnings Ratio (38.7x) compared to the estimated Fair Price-To-Earnings Ratio (32.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SULA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹392.50
₹472.50
+20.4%
8.6%₹537.00₹428.00n/a4
Nov ’25₹421.75
₹553.75
+31.3%
4.1%₹570.00₹515.00n/a4
Oct ’25₹459.90
₹551.67
+20.0%
4.7%₹570.00₹515.00n/a3
Sep ’25₹499.35
₹597.25
+19.6%
13.7%₹734.00₹515.00n/a4
Aug ’25₹494.10
₹604.75
+22.4%
13.3%₹734.00₹515.00n/a4
Jul ’25₹499.10
₹604.75
+21.2%
13.3%₹734.00₹515.00n/a4
Jun ’25₹522.10
₹604.75
+15.8%
13.3%₹734.00₹515.00n/a4
May ’25₹546.15
₹704.50
+29.0%
11.1%₹819.00₹625.00n/a4
Apr ’25₹559.20
₹695.00
+24.3%
13.4%₹826.00₹580.00n/a4
Mar ’25₹557.15
₹695.00
+24.7%
13.4%₹826.00₹580.00n/a4
Feb ’25₹646.50
₹681.00
+5.3%
18.9%₹863.00₹580.00n/a3
Jan ’25₹496.00
₹560.33
+13.0%
3.9%₹580.00₹530.00n/a3
Dec ’24₹470.50
₹560.33
+19.1%
3.9%₹580.00₹530.00n/a3
Nov ’24₹467.40
₹538.33
+15.2%
3.1%₹550.00₹515.00₹421.753
Oct ’24₹464.45
₹538.33
+15.9%
3.1%₹550.00₹515.00₹459.903
Sep ’24₹491.85
₹538.33
+9.5%
3.1%₹550.00₹515.00₹499.353
Aug ’24₹516.35
₹475.00
-8.0%
4.3%₹500.00₹450.00₹494.103
Jul ’24₹457.50
₹475.00
+3.8%
4.3%₹500.00₹450.00₹499.103
Jun ’24₹441.30
₹462.50
+4.8%
2.7%₹475.00₹450.00₹522.102
May ’24₹384.95
₹432.50
+12.4%
9.8%₹475.00₹390.00₹546.152

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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