Sula Vineyards Ltd. benchmarking: Performance to industry peers

Financial

	Sula Vineyards	Assoc Alcohols &Brew	Som DistilleriesBrew
Operational Metrics
Alcoholic Beverages
Manufacturing Capacity - Wine	192.0 Lakh Lt	n/a	n/a
Capacity Utilization - Wine	115.5 %	n/a	n/a
Quarterly Sales Volume - Wine	265313.0 Mn Cases	n/a	n/a
Hotels
Revenue Per Available Room per Day (RevPAR)	7598.88 Rs	n/a	n/a
Occupancy Rate	72.0 %	n/a	n/a
Unclassified
Average Daily Rate (ADR)	10554.0 Rs	n/a	n/a
Financials
5 yr Average ROE	11.75 %	12.64 %	8.82 %
5yr average Equity Multiplier	2.0	2.64	2.25
5yr Average Asset Turnover Ratio	0.53	1.31	0.79
5yr Avg Net Profit Margin	11.55 %	4.14 %	0.97 %
Price to Book	2.3	2.24	2.14
P/E	52.61	17.59	19.65
5yr Avg Cash Conversion Cycle	-115.54 Days	9.5 Days	-7.19 Days
Inventory Days	121.63 Days	40.37 Days	35.77 Days
Days Receivable	119.04 Days	7.7 Days	31.95 Days
Days Payable	312.98 Days	64.87 Days	104.98 Days
5yr Average Interest Coverage Ratio	4.27	6.1	5.95
5yr Avg ROCE	18.02 %	15.86 %	9.14 %
5yr Avg Operating Profit Margin	25.94 %	9.57 %	7.7 %
5 yr average Debt to Equity	0.6	0.92	0.53
5yr CAGR Net Profit	94.53 %	132.05 %	n/a
5yr Average Return on Assets	6.26 %	5.78 %	2.85 %
Shareholdings
Promoter Holding	24.55 %	62.35 %	39.44 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-2.78 %	3.9 %	6.33 %
Change in Mutual Fund Holding (3 Yrs)	9.14 %	0.0	0.0

	Sula Vineyards	Assoc Alcohols &Brew	Som DistilleriesBrew
Product Wise Break-Up	Product Wise Break-Up Wine Business 86.61 Wine Tourism 11.24 Sanitizer 0 Packing Material 0 By Product 0 Spirit 0 Packed Potable Alcohol 0 Whiskey 0 Beer 0 Others 2.15	Product Wise Break-Up Packing Material 0 By Product 0.16 Beer 0 Sanitizer 0 Wine Tourism 0 Whiskey 0 Packed Potable Alcohol 10.85 Spirit 22.6 Wine Business 0 Others 66.39	Product Wise Break-Up Packing Material 0 By Product 0 Beer 88.0 Sanitizer 0 Wine Tourism 0 Whiskey 12.0 Packed Potable Alcohol 0 Spirit 0 Wine Business 0
Location Wise Break-Up	Location Wise Break-Up India 99.27 Rest of India 0 Others 0.73	Location Wise Break-Up Rest of India 0.11 India 99.89	-
Distribution Channel	Distribution Channel 0 Direct Sale 0 Others 100	Distribution Channel Direct 69.72 Through Distribution Channel/ Intermediary 30.28	-
Brand Wise Break-Up	Brand Wise Break-Up Elite Wine 80.0 Economy Wine 20.0 Popular Wine 0 Premium Wine 0 Franchised brands 0 Own brands 0 Merchant ENA 0 Job-working 0 IMIL 0	Brand Wise Break-Up Economy Wine 0 Popular Wine 0 Merchant ENA 13.0 Job-working 0 Own brands 0 IMIL 25.0 Franchised brands 0 Elite Wine 0 Premium Wine 0 Others 62.0	-
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise Others 100	-	-