Sula Vineyards Share Price Target 2026, 2027, 2030, 2040, 2050
Sula Vineyards is India’s most popular wine company. It makes many types of white, red, and rosé wines. Along with making wine, it also earns income from wine tourism through its tasting rooms, resorts, restaurants, and events like SulaFest, which attract more than 4 lakh visitors every year. The company also imports foreign wines through Sula Selections and follows environment-friendly methods like using solar power, rainwater harvesting, and better farming practices in its vineyards in Maharashtra and Karnataka.
What is Sula Vineyards Ltd NSE: SULA?
Sula Vineyards was established in 1999 in Nashik, Maharashtra, and was started by Rajeev Samant, who is also the owner of the company. It is one of India’s leading wine companies and makes many types of wines, such as red, white, rosé, and sparkling wines under brands like Sula, RASA, Dindori, Dia, and The Source. The company has grape farms and wine-making units mainly in Nashik, which is known as the wine capital of India. Besides making wine, it also earns income from tourism through its resorts, restaurants, wine tasting centres, and events like SulaFest.
It has many types of wine products made for different customers across India. Some wines are affordable and good for beginners, while others are premium wines made for experienced wine drinkers. It often introduces new flavours and attractive packaging to match changing customer tastes and market trends. The company strongly focuses on quality and new ideas, which have helped it keep customer trust for many years. In 2026, its share price target would be ₹361, as per stock market analysts.
According to stock market analysts, its share price would be between ₹113 to ₹361 in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 113 | 361 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 181 | 220 |
| February | 169 | 197 |
| March | 138 | 172 |
| April | 142 | 183 |
| May | 125 | 213 |
| June | 113 | 220 |
| July | 132 | 265 |
| August | 150 | 289 |
| September | 190 | 300 |
| October | 211 | 328 |
| November | 236 | 345 |
| December | 250 | 361 |
It is known as one of the leading companies in India’s premium wine market for its strong brand, broad distribution network, and early start in the industry. Over the years, the company has built a strong place in the Indian wine market by providing good-quality products and maintaining customer trust. Its wines are available in hotels, restaurants, wine shops, airports, supermarkets, and online delivery platforms in many Indian states. In 2027, its share price target would be ₹676, as per stock market analysts.
According to stock market analysts, its share price would be between ₹350 to ₹676 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 350 | 676 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 350 | 441 |
| February | 367 | 474 |
| March | 389 | 489 |
| April | 405 | 500 |
| May | 421 | 521 |
| June | 445 | 536 |
| July | 453 | 558 |
| August | 463 | 574 |
| September | 455 | 600 |
| October | 478 | 632 |
| November | 510 | 650 |
| December | 535 | 676 |
The company manages thousands of acres of vineyards where grapes are grown using modern farming methods and proper quality checks. Nashik’s weather and soil are very suitable for grape farming, which helps the company produce good-quality wines. The company also works closely with local farmers and helps them by providing training, better farming methods, and technical support to improve grape production and quality. In 2028, its share price target would be ₹914, as per stock market analysts.
According to stock market analysts, its share price would be between ₹642 to ₹914 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 642 | 914 |
It is also famous for developing wine tourism in India and making its vineyards popular tourist places. The company started one of India’s first wine tasting rooms and later expanded into vineyard resorts, restaurants, guided tours, and entertainment events. Visitors can enjoy beautiful vineyard views, learn how wine is made, and taste different wines directly at the winery. SulaFest, the company’s music and wine festival, became one of India’s most popular wine events and attracted tourists from different parts of the country. In 2029, its share price target would be ₹1118, as per stock market analysts.
According to stock market analysts, its share price would be between ₹890 to ₹1118 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 890 | 1118 |
SulaFest played an important role in increasing the popularity and lifestyle image of Sula Vineyards Ltd among young people and tourists. The festival included music, food, wine tasting, entertainment, and cultural activities to create a special experience for visitors. Thousands of people attended SulaFest every year to enjoy live performances, vineyard experiences, and premium wines. The event helped Sula become more than just a wine company and turned it into a lifestyle brand connected with travel, luxury, and entertainment. In 2030, its share price target would be ₹1487, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1080 to ₹1487 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 1080 | 1487 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1080 | 1225 |
| February | 1102 | 1247 |
| March | 1129 | 1265 |
| April | 1145 | 1285 |
| May | 1174 | 1300 |
| June | 1190 | 1331 |
| July | 1221 | 1357 |
| August | 1262 | 1377 |
| September | 1274 | 1425 |
| October | 1311 | 1441 |
| November | 1335 | 1465 |
| December | 1358 | 1487 |
It follows many environmentally friendly business practices to reduce harm to nature and improve long-term vineyard production. The company uses solar power systems, rainwater harvesting methods, and water-saving technologies at its vineyards and wineries. Sula also focuses on farming methods that help protect soil quality and reduce unnecessary use of natural resources. Weather conditions are very important for grape farming, so the company keeps investing in eco-friendly methods to maintain stable production and good quality. In 2040, its share price target would be ₹4140, as per stock market analysts.
According to stock market analysts, its share price would be between ₹3672 to ₹4140 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 3672 | 4140 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 3672 | 3790 |
| February | 3690 | 3832 |
| March | 3712 | 3862 |
| April | 3733 | 3874 |
| May | 3758 | 3925 |
| June | 3774 | 3965 |
| July | 3770 | 3990 |
| August | 3810 | 4021 |
| September | 3835 | 4065 |
| October | 3865 | 4078 |
| November | 3890 | 4122 |
| December | 3932 | 4140 |
It is also well known for making wine tourism popular in India and turning its vineyards into famous tourist spots. The company started one of India’s first wine tasting rooms and later opened vineyard resorts, restaurants, guided tours, and entertainment events. People visiting Sula can enjoy beautiful vineyard views, learn how wine is made, and taste different kinds of wines at the winery. In 2050, its share price target would be ₹7140, as per stock market analysts.
According to stock market analysts, its share price would be between ₹6628 to ₹7140 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 6628 | 7140 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 6628 | 6774 |
| February | 6658 | 6832 |
| March | 6684 | 6863 |
| April | 6710 | 6890 |
| May | 6735 | 6922 |
| June | 6755 | 6950 |
| July | 6787 | 6978 |
| August | 6825 | 7026 |
| September | 6874 | 7052 |
| October | 6912 | 7074 |
| November | 6956 | 7114 |
| December | 6990 | 7140 |
Should I buy Sula Vineyards stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 113 | 361 |
| 2027 | 350 | 676 |
| 2028 | 642 | 914 |
| 2029 | 890 | 1118 |
| 2030 | 1080 | 1487 |
| 2040 | 3672 | 4140 |
| 2050 | 6628 | 7140 |
The company’s tourism business is doing well and helping increase revenue, but its profits have recently faced pressure because of higher costs and weaker customer demand. So, it could be seen as a medium-risk long-term investment because it is India’s leading wine company with a strong market position, popular products, and a growing wine tourism business. However, since the business depends on customer spending and market conditions, investors should be careful and may consider investing slowly in small amounts instead of investing a large amount at once.
Sula Vineyards earnings results
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
| Sales + | 485 | 386 | 424 | 516 | 568 | 579 | 556 |
| Expenses + | 432 | 322 | 311 | 358 | 392 | 430 | 452 |
| Operating Profit | 53 | 64 | 113 | 158 | 176 | 149 | 103 |
| OPM % | 11% | 17% | 27% | 31% | 31% | 26% | 19% |
| Other Income + | -2 | -2 | 3 | 3 | 8 | 4 | 3 |
| Interest | 33 | 33 | 23 | 21 | 26 | 30 | 31 |
| Depreciation | 35 | 26 | 24 | 26 | 32 | 35 | 39 |
| Profit before tax | -17 | 3 | 70 | 114 | 126 | 88 | 35 |
| Tax % | -8% | 5% | 25% | 26% | 26% | 21% | 28% |
| Net Profit + | -16 | 3 | 52 | 84 | 93 | 70 | 26 |
| EPS in Rs | -10.42 | 1.98 | 6.63 | 9.98 | 11.06 | 8.32 | 3.04 |
| Dividend Payout % | 0% | 126% | 36% | 84% | 77% | 43% | 66% |
Key Metrics
| TTM PE Ratio | PB Ratio | Dividend Yield | Sector PE | Sector PB | Sector Div Yld |
| 56.76 | 2.48 | 1.16% | 32.04 | 8.42 | 1.66% |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
| Sula Vineyards Ltd | 56.78 | 2.48 | 1.16% |
| United Spirits Ltd | 58.21 | 11.36 | 0.95% |
| Radico Khaitan Ltd | 77.32 | 16.97 | 0.26% |
| United Breweries Ltd | 90.37 | 8.55 | 0.71% |
Is Sula Vineyards stock good to buy? (bull case & bear case)
Bull Case:
- It reported yearly sales of around ₹620 crore in FY2025, showing stable business growth.
- The company reported quarterly sales of around ₹195 crore in Dec 2025, showing better sales compared to earlier quarters.
- It earned a net profit of around ₹52 crore in FY2025, which means the company is still making a profit.
- The company has a market value of around ₹2,700 crore, which shows strong brand value in India’s wine market.
- It has more than 50% share in India’s premium wine market, making it one of the leading wine companies in the country.
- The company’s wine tourism business attracts more than 4 lakh visitors every year, helping increase direct customer sales.
- Sula earns money from different businesses like wine sales, resorts, restaurants, vineyard tours, and imported wines through Sula Selections.
- Sula has relatively low debt compared to many beverage companies, which reduces financial pressure.
Bear Case:
- The company’s profit margins have recently fallen because of higher costs, rising expenses, and weaker customer demand.
- The stock price has fallen heavily from its earlier highs, showing high ups and downs in the share price.
- The business depends a lot on customer spending and lifestyle trends, so weak economic conditions can reduce wine demand.
- Alcohol companies in India face high taxes and strict government rules, which can affect future growth and profits.
Conclusion
It is one of India’s top wine companies with a strong position in the premium wine market, a growing tourism business, and many popular wine brands. The company earns money from wine sales, vineyard tourism, resorts, restaurants, and imported wines. Its focus on good-quality products, strong brand name, and environmentally friendly methods may help the business grow in the future as wine becomes more popular in India.
