Sula Vineyards Limited was started in 1999 by Rajeev Samant. It was listed on the NSE on December 22, 2022. In this article, we will explore Sula Vineyards’ growth potential and the Sula Vineyards share price target 2025 to 2050.
Wine Production Business: Sula Vineyards is India’s leading wine producer, involved in the cultivation of grapes and the production of a wide variety of wines, including red, white, rosé, and sparkling wines. The company follows a vertically integrated model—owning vineyards, controlling the winemaking process, and bottling at its own facilities in Nashik.
Wine Tourism & Hospitality Business: Beyond wine production, Sula has developed a robust wine tourism ecosystem. The company operates popular wine resorts and tasting rooms at its vineyards, attracting thousands of visitors annually. SulaFest, its flagship music and wine festival, along with guided tours and vineyard experiences, boosts brand loyalty and adds a significant revenue stream. This hospitality arm reinforces Sula’s brand as a lifestyle experience, not just a wine label.
Sula Vineyards Fundamental Analysis
Stock Name
Sula Vineyards Ltd.
NSE Symbol
SULA
Market Cap
₹ 2497 Cr.
52W High
₹ 530
52W Low
₹ 243
Stock P/E
35.7
Book Value
₹ 69.5
Dividend Yield
1.23 %
ROCE
13.2 %
ROE
12.3 %
Face Value
₹ 2.00
Industry PE
30.8
Price to book value
4.27
Debt to equity
0.54
PEG Ratio
0.70
Quick ratio
0.85
Sula Vineyards Shareholding Pattern
Shareholders
March 2023
March 2024
March 2025
Promoters
27.33%
26.18%
24.66%
FIIs
5.86%
13.85%
7.97%
DIIs
11.76%
22.61%
18.26%
Public
55.06%
37.36%
49.11%
No. of Shareholders
1,51,880
2,10,043
2,61,898
Key Factors Driving Sula Vineyards’ Future Growth
Rising Wine Consumption in India: India’s growing urban middle class, increasing disposable income, and evolving lifestyle preferences have led to a continuous rise in wine consumption. As the country’s leading wine producer, Sula Vineyards is well-positioned to capture a significant share of this expanding market, which ensures sustained demand for its premium and affordable wine offerings.
Leadership in Wine Tourism: Sula’s pioneering role in wine tourism, with attractions like the Sula Vineyards estate, wine tasting rooms, and the annual SulaFest, drives strong brand visibility and customer engagement. This unique experiential marketing approach not only boosts direct sales but also promotes long-term brand loyalty.
Expanding Premium Wine Portfolio: Sula continues to focus on premiumization by introducing high-margin, award-winning labels and specialty wines. This shift towards premium offerings enhances profitability while catering to the evolving palate of Indian and international consumers.
Strengthening Distribution Network: The company is expanding its pan-India distribution reach and enhancing its presence in modern retail channels, hotels, restaurants, and e-commerce platforms. This multi-channel strategy supports deeper market penetration and consistent revenue growth.
Export Opportunities and Global Recognition: Sula’s growing international footprint and recognition in global wine awards are opening up new export opportunities. By tapping into international markets, particularly in Asia and Europe, the company diversifies its revenue streams and reduces its reliance on domestic sales.
Pros of Sula Vineyards
Strong Profit Growth: Sula Vineyards’ profits have grown at 51% CAGR over the last five years.
Cons of Sula Vineyards
Overvaluation Concern: Sula Vineyards’ stock is trading at a PE ratio of 35.7 and a (P/B) ratio of 4.27, which shows that its stock is significantly overvalued compared to its earnings and assets.
Low Promoter Holding: Sula Vineyards’ promoter holding is 24.7%, which is relatively low. This may indicate low promoter confidence and less control over decision-making, allowing outside investors to have more influence.
Decrease in Institutional Confidence: DIIs have reduced their holding to 18.26% in March 2025 from 19.89% in December 2024, while FIIs have reduced their holding to 7.97% in March 2025 from 9.61% in December 2024, indicating a decline in institutional confidence in the company’s future growth prospects.
Sula Vineyards Ltd Balance Sheet
Particulars
March 2023
March 2024
March 2025
Equity Capital
17
17
17
Reserves
515
533
569
Borrowings
203
324
315
Other Liabilities
147
152
174
Total Liabilities
881
1,026
1,076
Fixed Assets
413
454
495
CWIP
2
5
6
Investments
0
0
0
Other Assets
466
567
575
Total Assets
881
1,026
1,076
Sula Vineyards Share Price Target 2025
By the end of 2025, the Sula Vineyards share price is expected to be around ₹370 in normal conditions. In a bear market, it might be ₹260, and in a bull market, it may go up to ₹460.
Sula Vineyards Share Price Target 2025
Rupees (₹)
Bear Market
260
Normal Market
370
Bull Market
460
Sula Vineyards Share Price Target 2026
In 2026, the Tata Steel share price is expected to be around ₹450 in a normal situation. In a bear market, it might be ₹300, and in a bull market, it may cross ₹600.
Sula Vineyards Share Price Target 2026
Rupees (₹)
Bear Market
300
Normal Market
450
Bull Market
600
Sula Vineyards Share Price Target 2027
According to our analysis, the Sula Vineyards share price is expected to be around ₹530 in 2027. In a bear market, it might be ₹320, and in a bull market, it may cross ₹780.
Sula Vineyards Share Price Target 2027
Rupees (₹)
Bear Market
320
Normal Market
530
Bull Market
780
Sula Vineyards Share Price Target 2028
According to our analysis, the Sula Vineyards share price may trade near ₹640 by 2028; bearish conditions could pull it down to ₹350, while a strong bull run might lift it to ₹1000.
Sula Vineyards Share Price Target 2028
Rupees (₹)
Bear Market
225
Normal Market
640
Bull Market
1000
Sula Vineyards Share Price Target 2029
Under normal conditions, the Sula Vineyards share price might hit ₹750 by 2029. A bearish trend could lower it to ₹390, whereas a bullish surge could raise it to ₹1310.
Sula Vineyards Share Price Target 2029
Rupees (₹)
Bear Market
390
Normal Market
750
Bull Market
1310
Sula Vineyards Share Price Target 2030
In a normal situation, the Sula Vineyards share price is projected to be approximately ₹950 in 2030. In a bear market, the value may be as low as ₹430, while in a bull market, it may rise to ₹1700.
Sula Vineyards Share Price Target 2030
Rupees (₹)
Bear Market
430
Normal Market
950
Bull Market
1700
Sula Vineyards Share Price Target 2035
By 2035, the Sula Vineyards share price is projected to be around ₹1900 under normal conditions. In adverse markets, the price could fall to ₹650, while favorable conditions might push it up to ₹5100.
Tata Steel Share Price Target 2035
Rupees (₹)
Bear Market
650
Normal Market
1900
Bull Market
5100
Sula Vineyards Share Price Target 2040
Under normal conditions, the Sula Vineyards share price might hit ₹3800 by 2040. A bearish trend could lower it to ₹980, whereas a bullish surge could raise it to ₹15,300.
Sula Vineyards Share Price Target 2040
Rupees (₹)
Bear Market
980
Normal Market
3800
Bull Market
15,300
Sula Vineyards Share Price Target 2050
In 2050, the Sula Vineyards share price is expected to be around ₹15,200 in a normal situation. In a bear market, it might be ₹2900, and in a bull market, it may go up to ₹91,800.
Sula Vineyards Share Price Target 2050
Rupees (₹)
Bear Market
2900
Normal Market
15,200
Bull Market
91,800
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Quick Summary of Sula Vineyards Share Price Target 2025 to 2050
Years
Target Price
Sula Vineyards Share Price Target 2025
₹260 to ₹460
Sula Vineyards Share Price Target 2026
₹300 to ₹600
Sula Vineyards Share Price Target 2027
₹320 to ₹780
Sula Vineyards Share Price Target 2028
₹350 to ₹1000
Sula Vineyards Share Price Target 2029
₹390 to ₹1310
Sula Vineyards Share Price Target 2030
₹430 to ₹1700
Sula Vineyards Share Price Target 2035
₹650 to ₹5100
Sula Vineyards Share Price Target 2040
₹980 to ₹15,300
Sula Vineyards Share Price Target 2050
₹2900 to ₹91,800
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
Yogesh Jalwania is a stock market trader and investor with 3+ years of experience. He share valuable insights on stock market trends, mutual funds and IPOs.