Mukul Agrawal's portfolio company posts robust results, highest ever PAT, operating profit, and revenue in FY24!
Ace Investor Mukul Agrawal's portfolio company, Sula Vineyards, has unveiled its Q4 and FY24 results, marking a significant milestone with its highest-ever top-line and bottom-line achievements.
Financial Performance of Sula VineyardsThe company’s net revenue amounted to Rs 616.4 crore, marking a 10.7 per cent year-over-year (YoY) increase.
The revenue from Elite & Premium wines spearheaded the overall growth, showing a 15.5 per cent YoY increase.
EBITDA stood at 183.6 crore, reflecting a 14.0 per cent YoY growth, with EBITDA margin improving by 108 bps to 30.2 per cent from 29.1 per cent YoY.
Mukul Agrawal's portfolio company posts robust results, highest ever PAT, operating profit, and revenue in FY24!
Compared to the Final IPO price the company’s shares have delivered an impressive return of around 45 per cent.
Ace Investor Mukul Agrawal's portfolio company, Sula Vineyards, has unveiled its Q4 and FY24 results, marking a significant milestone with its highest-ever top-line and bottom-line achievements.
Financial Performance of Sula Vineyards
The company’s net revenue amounted to Rs 616.4 crore, marking a 10.7 per cent year-over-year (YoY) increase. The revenue from Elite & Premium wines spearheaded the overall growth, showing a 15.5 per cent YoY increase. EBITDA stood at 183.6 crore, reflecting a 14.0 per cent YoY growth, with EBITDA margin improving by 108 bps to 30.2 per cent from 29.1 per cent YoY. Profit after tax reached Rs 93.3 crore, up by 11 per cent YoY, while return on capital employed was at 25.2 per cent, showing an increase of 221 bps.
Furthermore, the Board has recommended a final dividend of Rs 4.5 per share taking the total FY24 dividend to Rs 8.5 per share.
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Share Performance of Sula Vineyards
Today the company’s stocks are trading at around Rs 516.20 per share representing a decrease of 4.71 per cent. The current market capitalisation of this company stands at Rs 4,356 crore.
Shares of this Small-Cap company have delivered impressive returns of around 45 per cent compared to the final IPO issue price of Rs 357 per share and a moderate return of around 19 per cent in the past one year.
Business Overview of Sula Vineyards
Incorporated in 2003, Sula Vineyards Limited holds the distinction of being India's largest wine producer and seller as of March 31, 2022. The company extends its reach by distributing wines under a portfolio of renowned brands such as "RASA," "Dindori," "The source," "Satori," "Madera," and "Dia," with its flagship brand "Sula" credited as the pioneer in creating a wine category in India.
Investors should keep an eye on this small-cap stock as it holds promising potential to deliver multibagger returns in the future.
Disclaimer: The article is for informational purposes only and not investment advice.
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