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Fratelli Vineyards Ltd

₹ 104-0.91%
06 Jan – close price
🔗fratelliwines.in•BSE: 541741•NSE:
Market Cap₹ 452 Cr.
Current Price₹ 104
High / Low₹ 325
Stock P/Enull
Book Value₹ 69.5
Dividend Yield0.00 %
ROCE-1.16 %
ROE-2.58 %
Face Value₹ 10.0
Sales₹ 0.60 Cr.
OPM-680 %
Mar Cap₹ 452 Cr.

ABOUT

Fratelli Vineyard is engaged in the business of manufacturing, importing, exporting, processing and selling of wines and alcoholic beverages[1]

KEY POINTS

History[1]Tinna Trade Limited (earlier name of the company) initially specialized in trading agricultural commodities but faced challenges due to volatile global markets and geopolitical uncertainties. In FY25, they pivoted towards a transformative business model by acquiring Fratelli Wines Ltd., a leading Indian winemaker with a diverse portfolio. Rebranded as Fratelli Vineyards Limited, they are now dedicated to winemaking, vineyard tourism, and expanding its presence in the premium Indian wine market.

Also present in buckets:
Revenue GuidanceCapacity Expansion And ProductsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.United Spirits1376.6058.40100127.120.87464.0042.563173.0011.5726.5012658.0018.341714.40486.1211.9112.340.05
2.United Breweries1590.30110.6342048.350.6346.34-64.802052.83-3.0213.889240.398.32380.0946.529.686.030.18
3.Radico Khaitan3128.6090.2341889.920.13138.9669.071493.9333.8316.245598.2914.85464.24138.9614.367.980.21
4.Allied Blenders551.3560.0115421.820.6562.9235.22990.0614.1121.083807.5112.86256.9864.319.906.290.68
5.Tilaknagar Inds.452.9041.0811194.370.2252.68-9.53398.226.2328.191553.6018.89272.4752.684.7420.260.02
6.India Glycols1000.3025.876704.690.5065.0630.881092.2013.6312.353971.0814.53259.1465.062.594.040.86
7.Piccadily Agro612.8055.006035.940.0026.728.32212.2114.7622.68863.6422.86109.7526.697.5010.870.40
8.FratelliVineyard104.00–452.110.00-0.1777.030.00-100.00-1.160.60-680.00-3.78-0.171.50-2.080.01
–Median: 23 Co.295.2538.721783.10.1319.54.28212.213.5713.25863.648.5555.6519.53.096.290.32

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
76.5245.920.2534.75107.720.0952.4688.570.2638.1976.1216.480.00
Expenses
75.8845.020.5834.17106.540.1251.2487.393.7537.8575.4816.660.23
Operating Profit
0.640.90-0.330.581.18-0.031.221.18-3.490.340.64-0.18-0.23
Other Income
0.410.190.260.430.100.080.070.110.150.210.360.260.08
Profit before tax
-0.210.08-0.620.080.09-0.070.080.07-3.58-0.89-0.03-0.99-0.23
Tax %
-33.33%100.00%-14.52%-25.00%22.22%-28.57%687.50%128.57%-15.64%-25.84%-166.67%-25.25%-26.09%
Net Profit
-0.150.00-0.530.100.07-0.05-0.47-0.01-3.03-0.660.03-0.74-0.17
EPS in Rs
-0.180.00-0.120.120.02-0.01-0.55-0.01-0.70-0.770.04-0.17-0.04

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
252.88425.96410.15455.79477.90291.02240.76334.58294.12245.35124.720.60
Expenses
249.81420.90400.12451.63470.80292.01241.49332.99292.65242.03127.534.68
Operating Profit
3.075.0610.034.167.10-0.99-0.731.591.473.32-2.81-4.08
Other Income
1.892.682.945.752.071.362.712.720.841.080.760.57
Interest
4.073.443.918.375.403.313.463.764.934.082.990.95
Depreciation
0.130.121.601.881.711.721.600.330.200.120.060.04
Profit before tax
0.764.187.46-0.342.06-4.66-3.080.22-2.820.20-5.10-4.50
Net Profit
0.262.624.99-0.271.64-3.70-2.820.58-2.640.12-4.22-3.78
EPS in Rs
–––-0.321.91-4.32-3.290.68-3.080.14-0.98-0.87
Dividend Payout %
0.00%0.00%10.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%–

Compounded Profit Growth

10 Years:%
5 Years:-3%
3 Years:%
TTM:-456%

Compounded Sales Growth

10 Years:-7%
5 Years:-16%
3 Years:-28%
TTM:-100%

Return on Equity

10 Years:-1%
5 Years:-4%
3 Years:-3%
Last Year:-3%

Stock Price CAGR

10 Years:%
5 Years:42%
3 Years:50%
1 Year:-68%

Balance Sheet

Standalone figures in ₹ crores

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
5.005.005.008.568.568.568.568.568.568.5643.2843.28
Reserves
11.3814.0026.2023.0824.8021.0618.2018.7820.4818.27257.91257.68
Borrowings
61.1942.5253.9757.8110.7825.8425.7833.4527.5332.746.112.80
Other Liabilities
51.5439.0612.4713.0113.179.6515.6927.7618.1239.130.880.61
Total Liabilities
129.11100.5897.64102.4657.3165.1168.2388.5574.6998.70308.18304.37
Fixed Assets
0.290.236.805.063.422.191.010.720.390.210.080.06
Gross Block
0.740.808.979.118.909.399.693.312.451.270.40–
Accumulated Depreciation
0.450.572.174.055.497.208.692.592.071.060.32–
CWIP
0.000.000.000.000.000.000.000.000.000.000.000.00
Investments
8.789.6413.2814.0414.0214.034.2013.2011.007.56285.51285.51
Other Assets
120.0490.7177.5683.3639.8748.8963.0274.6363.3090.9322.5918.80
Total Assets
129.11100.5897.64102.4657.3165.1168.2388.5574.6998.70308.18304.37

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-20.5313.836.44-1.6449.25-16.582.827.91-0.290.7319.13
Cash from Investing Activity
-8.650.56-14.937.275.901.89-0.611.173.15-2.21-51.07
Cash from Financing Activity
25.65-21.017.21-4.40-52.0111.76-3.673.93-10.861.1327.34
Net Cash Flow
-3.53-6.61-1.281.233.14-2.92-1.4613.01-8.00-0.35-4.60

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
9.7428.858.3741.5014.1719.2613.8925.6546.7470.3438.10
Inventory Days
154.9344.8748.1110.286.7728.5854.7220.546.7243.440.00
Days Payable
74.5429.642.956.548.554.9919.8927.6519.6654.26–
Cash Conversion Cycle
90.1444.0853.5345.2412.4042.8648.7118.5533.7959.5238.10
Working Capital Days
-4.922.78-3.563.775.6111.9128.300.7417.8215.1338.69
ROCE %
–10.96%15.50%9.20%11.14%-2.71%0.70%4.13%3.39%6.35%-1.16%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
73.81%73.81%73.81%73.81%73.81%73.81%58.15%56.90%56.90%56.90%56.90%56.92%
FIIs
0.00%0.00%0.00%0.00%0.00%0.00%0.10%0.48%0.48%0.48%0.48%0.48%
DIIs
––––––––––––
Public
25.86%25.87%25.86%25.86%25.87%25.87%41.68%42.55%42.57%42.55%42.55%42.53%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Fratelli Vineyards Files SEBI Compliance Certificate for Share Dematerialization

17th April 2026, 5:33 pm

Fratelli Vineyards files SEBI compliance certificate for share dematerialisation

17th April 2026, 7:01 pm

Fratelli Vineyards Completes Dispatch of Postal Ballot Notice

9th April 2026, 11:29 pm

Fratelli Vineyards Seeks Shareholder Nod for Director Appointments via Postal Ballot

8th April 2026, 8:26 pm

Fratelli Vineyards Board Approves Key Managerial Appointments

3rd April 2026, 10:41 pm

Published by Other Websites

External media mentions & references

Super Investor Porinju Veliyath's SHOCKING Portfolio U-Turn! 3 Big Moves Revealed – Will These Stocks Soar?

10th November 2025, 6:07 am

Fratelli Vineyards Slips Deeper Into Loss, Standalone Revenue Vanishes
Fratelli Vineyards: 5.5 Lakh Warrants Lapse, ₹2.7 Cr Upfront Payment Forfeited
Fratelli Vineyards Board Approves ₹72.5 Cr Guarantee for Subsidiary
Fratelli Vineyards Delists from CSE; Shares to Continue Trading on BSE

News Articles

Editorial & research coverage

Super Investor Porinju Veliyath's SHOCKING Portfolio U-Turn! 3 Big Moves Revealed – Will These Stocks Soar?
Super Investor Porinju Veliyath's SHOCKING Portfolio U-Turn! 3 Big Moves Revealed – Will These Stocks Soar?

10th November 2025, 6:07 am

Fratelli Vineyards Slips Deeper Into Loss, Standalone Revenue Vanishes

Documents

Announcements

Closure of Trading Window

29 Dec - Trading window closed Jan 1, 2026 until 48 hours after Q3 (Dec 31, 2025) unaudited results announcement.

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

26 Nov 2025 - Transcript of Earning concall held on Tuesday 18, 2025 on the operation and financial performance of the Company Q2H1FY26

Announcement under Regulation 30 (LODR)-Newspaper Publication

20 Nov 2025 - Delisting of Equity shares) Regulation 2021, as amended, please find attached herewith newspaper publication for Public Notice for voluntary delisting of equity shares of Fratelli …

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

18 Nov 2025 - Earnings call audio for Q2/H1 FY26 (Nov 18, 2025) available on company website.

Announcement under Regulation 30 (LODR)-Newspaper Publication

16 Nov 2025 - Copies of newspaper advertisement of Un-audited financial results of the Company for second quarter and half year ended on 30th September, 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Credit Ratings

Rating update

26 Sep 2023 from infomerics

Rating update

1 Aug 2023 from brickwork

Rating update

7 Jun 2023 from brickwork

Rating update

12 Jul 2022 from brickwork

Rating update

31 Aug 2021 from brickwork

Rating update

19 Aug 2021 from icra

Concalls

Nov 2025

TranscriptPPT

Aug 2025

TranscriptPPT

Jun 2025

TranscriptPPTRecording

Apr 2025

Recording

Feb 2025

TranscriptPPT

Nov 2024

TranscriptPPT

Aug 2024

TranscriptPPTRecording

Stock Analysis

Description

  1. Fratelli Vineyards Limited, formerly Tinna Trade Limited, is engaged in the business of manufacturing, importing, exporting, processing, and selling wines and alcoholic beverages.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. Currently no data available for Key Dates To Watch.

Corporate Announcements

17th Apr 26
Impact Rating: 4
Fratelli Vineyards Limited has filed its SEBI compliance certificate for the quarter ended March 31, 2026, with the RTA confirming smooth dematerialization and listing of its securities.
17th Apr 26
Impact Rating: 2
Fratelli Vineyards Limited (formerly Tinna Trade) has provided a compliance certificate to BSE for the quarter ending March 31, 2026. This report, obtained from its Registrar and Transfer Agent Alankit Assignments Limited, confirms adherence to SEBI regulations for the dematerialisation of equity shares.
9th Apr 26
Impact Rating: -
No description available.
8th Apr 26
Impact Rating: 6
Fratelli Vineyards Limited has issued a postal ballot notice to shareholders seeking approval for the appointment of Mr. Sanjay Kumar Jain as Independent Director and the re-appointment of Mr. Gaurav Sekhri as Managing Director, with e-voting from April 10 to May 9, 2026.
3rd Apr 26
Impact Rating: 6
Fratelli Vineyards announced key personnel changes on April 3, 2026: Gaurav Sekhri re-appointed as MD for five years from April 1, 2026, and Monika Gupta appointed as Company Secretary.