Fratelli Vineyards Ltd (FRATELLI)

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Fratelli Vineyards Ltd (FRATELLI) · mywealthgrid

About

Fratelli Vineyards operates in Breweries & Distilleries within Consumer Staples. Revenue collapsed from ₹107.72 Cr (Jun 2024) to ₹0.26 Cr (Mar 2025). Company is loss-making with ₹473.5 Cr market cap and no visible recovery path.

Face value: ₹10

Market cap

₹530 Cr

P/E

—

P/B

3.9×

Dividend yield

ROE

-17%

ROCE

-6.8%

Debt / equity

0.88

OPM

-4.3%

EPS (TTM)

₹-5.7

Book value

₹31.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue cliff: ₹107.72 Cr to ₹0.26 Cr in 9 months (99.8% collapse). Verify if cyclical disruption or structural decline.

Cash burn unsustainable: Q4 FY2025 net loss of ₹3.03 Cr on ₹0.26 Cr revenue. Verify liquidity runway and burn rate.

Leverage risk: D/E of 1.22 with shrinking revenue base constrains debt servicing. Verify covenant compliance and refinancing risk.

Institutional skepticism: FII 0.48%, DII 0%, stock down 21.63% YoY. Verify underlying capital structure or governance issues.

Generated analysis · source review pending

Growth drivers

Revenue recovery to Jun 2024 (₹107.72 Cr) would yield 1.1% OPM profitability; identify what would drive volume return from current ₹0.26 Cr.

If market cap of ₹473.5 Cr reflects asset value, verify whether assets could be repositioned or sold to capitalize on premiumization in Indian beverages.

Debt capacity exists (D/E 1.22): verify if lenders would support growth capex or product expansion if revenue stabilization plan materializes.

Generated analysis · source review pending

1,609 historical price candles were omitted because the exchange source has not been verified.

₹122.0-6.2%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -12.7% (3-yr avg)
−Revenue shrank over the last 5 years (-15.3% a year)
−Weak interest coverage of -1×

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 11
Growth: 0
Valuation: 87

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2025	Mar 2026
	416	464	488	245	302	181
COGS	—	—	—	231	158	40
Gross profit	—	—	—	14	144	142
	405	458	478	13	150	149
	11	6	9	1	-6	-8
OPM %	2.7%	1.4%	1.9%	0.6%	-2%	-4.3%
Depreciation	3	3	3	3	7	9
Interest	5	10	7	4	14	13
	3	6	2	4	4	3
Profit before tax	6	-0	2	-2	-23	-27
Tax	2	-0	0	-0	-6	-2
Tax %	41.8%	-16.3%	18.7%	-15.5%	-24.8%	-6.6%
	3	-0	2	-1	-17	-25
PAT margin %	0.8%	-0.1%	0.4%	-0.6%	-5.7%	-13.7%
EPS (₹)	—	—	—	-1.9	-4.2	-5.8
EPS adjusted (₹)	8.4	-0.4	2	-1.9	-3.2	-5.7
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2021	Annual report for Mar 2025	—

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	9	9	9	9	9	43	43
Reserves	20	21	23	20	18	14	113	92
Minority interest	—	—	—	—	0	—	—	—
	57	71	23	35	26	117	102	120
	48	25	25	24	16	208	76	91
Total equity & liabilities	130	126	79	87	68	348	334	347
	35	31	28	25	1	43	90	82
CWIP	1	1	1	1	0	5	8	7
Investments	3	4	4	4	4	1	0	0
	91	90	46	57	63	298	235	258
Total assets	130	126	79	87	68	348	334	347

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	5.8%	47.8%	78.1%
EBITDA margin %	2.7%	1.4%	1.9%	0.6%	-2%	-4.3%
EBIT margin %	2%	0.7%	1.3%	-0.4%	-4.4%	-9.2%
PAT margin %	0.8%	-0.1%	0.4%	-0.6%	-5.7%	-13.7%
Working capital
Receivable days	31	43	15	14	133	212
Inventory days	43	9	6	54	191	874
Payable days	29	7	8	20	52	249
NWC days	46	45	13	48	272	837
Leverage
Current ratio	1.11	1.13	1.45	1.29	1.69	1.37
Debt to EBITDA	5.05	11.07	2.4	17.64	—	—
Debt to equity	2.22	2.42	0.72	0.96	0.65	0.88
Interest coverage	2.1	1	1.3	0.6	-0.7	-1
Asset turnover	3.21	3.69	6.15	3.59	0.9	0.52
Return ratios
Return on assets %	2.7%	-0.3%	2.3%	-2.1%	-5.1%	-7.2%
Return on capital employed %	24.2%	19%	17.4%	6.9%	-7.7%	-6.8%
Return on equity %	13.6%	-1.2%	5.9%	-5.3%	-10.9%	-18.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.81%	73.81%	73.81%	58.16%	56.89%	56.9%	56.9%	56.9%	56.91%	57.12%	57.19%	57.19%
	0%	0%	0%	0.1%	0.48%	0.48%	0.48%	0.48%	0.48%	0.48%	0.48%	0.48%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0.07%	0.06%	0.06%	0.06%
	26.19%	26.19%	26.19%	41.74%	42.63%	42.62%	42.62%	42.62%	42.54%	42.34%	42.27%	42.27%
No. of shareholders	—	—	—	—	—	—	—	—	7,461	7,770	7,648	7,681

Promoter holding down 16.62 percentage points since Sep 2023.

3 deals · 4 Sept 2025 – 4 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Sept 2025	ALESSIO SECCI	Bulk	BSE	Sell	12,46,247	₹109.61	₹13.66 Cr
4 Sept 2025	PORINJUV VELIYATH	Bulk	BSE	Buy	2,50,000	₹109.70	₹2.74 Cr
4 Sept 2025	PORINJU VELIYATH	Bulk	BSE	Buy	2,50,000	₹109.70	₹2.74 Cr

1–3 of 3

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. GAURAV SEKHRIExecutive Director-Chairperson-MD
Ms. PUJA SEKHRIExecutive Director
Mr. ADITYA BRIJ SEKHRIExecutive Director
Mr. ADHIRAJ AMAR SARINNon-Executive - Independent Director
Mr. RAHUL RAMA NARANGNon-Executive - Independent Director
Mr. NAKUL NITIN ZAVERINon-Executive - Independent Director
Mr. SANJAY JAINNon-Executive - Independent Director
Mr. Rajesh Kumar GargChief Financial Officer
Mrs. Monika GuptaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Fratelli Vineyards Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

33 announcementsExport CSV

1 Oct 2026, 7:38 pmBoard Meeting

Board Meeting Intimation for Prior Intimation Of Meeting Of The Rights Issue Committee Of Fratelli Vineyards Limited

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Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	5.8%	47.8%	78.1%
EBITDA margin %	2.7%	1.4%	1.9%	0.6%	-2%	-4.3%
EBIT margin %	2%	0.7%	1.3%	-0.4%	-4.4%	-9.2%
PAT margin %	0.8%	-0.1%	0.4%	-0.6%	-5.7%	-13.7%
Working capital
Receivable days	31	43	15	14	133	212
Inventory days	43	9	6	54	191	874
Payable days	29	7	8	20	52	249
NWC days	46	45	13	48	272	837
Leverage
Current ratio	1.11	1.13	1.45	1.29	1.69	1.37
Debt to EBITDA	5.05	11.07	2.4	17.64	—	—
Debt to equity	2.22	2.42	0.72	0.96	0.65	0.88
Interest coverage	2.1	1	1.3	0.6	-0.7	-1
Asset turnover	3.21	3.69	6.15	3.59	0.9	0.52
Return ratios
Return on assets %	2.7%	-0.3%	2.3%	-2.1%	-5.1%	-7.2%
Return on capital employed %	24.2%	19%	17.4%	6.9%	-7.7%	-6.8%
Return on equity %	13.6%	-1.2%	5.9%	-5.3%	-10.9%	-18.3%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
United Spirits LimitedUNITDSPRUNITDSPR	₹97,115 Cr	₹97,121 Cr	₹28,118 Cr	₹2,281 Cr	8.2%	₹1,884 Cr	6.6%	27.2%	21.6%	63
Radico Khaitan LimitedRADICORADICO	₹56,733 Cr	₹57,065 Cr	₹21,531 Cr	₹1,138 Cr	4.9%	₹704 Cr	2.9%	26.2%	19.9%	113
United Breweries LimitedUBLUBL	₹31,432 Cr	₹32,607 Cr	₹18,002 Cr	₹777 Cr	4.6%	₹396 Cr	2.4%	12.7%	9.3%	86
Allied Blenders And Distillers LimitedABDLABDL	₹19,004 Cr	₹20,150 Cr	₹7,604 Cr	₹546 Cr	7.2%	₹221 Cr	2.9%	26.7%	14.2%	77
Tilaknagar Industries LimitedTITI	₹13,428 Cr	₹15,723 Cr	₹6,711 Cr	₹494 Cr	8%	₹-32 Cr	0.4%	11.7%	1.1%	107
Piccadily Agro Industries LimitedPICCADILPICCADIL	₹5,729 Cr	₹6,260 Cr	₹1,177 Cr	₹239 Cr	20.6%	₹141 Cr	12.1%	32.5%	24.8%	297
Globus Spirits LimitedGLOBUSSPRGLOBUSSPR	₹2,290 Cr	₹2,805 Cr	₹3,813 Cr	₹279 Cr	7.2%	₹101 Cr	2.5%	13.4%	8.8%	41
Gm Breweries LimitedGMBREWGMBREW	₹2,171 Cr	₹2,171 Cr	₹2,977 Cr	₹181 Cr	6.1%	₹157 Cr	5.3%	19.1%	14.5%	17
India Glycols LimitedINDIAGLYCOINDIAGLYCO	₹2,002 Cr	₹3,580 Cr	₹10,312 Cr	₹669 Cr	6.6%	₹316 Cr	3%	11.9%	11.3%	27
Som Distilleries & Breweries LimitedSDBLSDBL	₹1,558 Cr	₹1,770 Cr	₹2,026 Cr	₹30 Cr	3.7%	₹-30 Cr	0.5%	6.1%	1.2%	21
Associated Alcohols & Breweries Ltd.ASALCBRASALCBR	₹1,228 Cr	₹1,294 Cr	₹1,049 Cr	₹136 Cr	13.8%	₹83 Cr	8.6%	19.2%	14.6%	89
Sula Vineyards LimitedSULASULA	₹1,105 Cr	₹1,399 Cr	₹599 Cr	₹102 Cr	17.4%	₹25 Cr	4.3%	9.7%	4.4%	375

Date	Category	Subject	Filing
1 Oct 2026, 7:38 pm	Board Meeting	Board Meeting Intimation for Prior Intimation Of Meeting Of The Rights Issue Committee Of Fratelli Vineyards Limited	PDF
1 Oct 2026, 12:21 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
29 Sept 2026, 5:53 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 5:48 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 7:07 pm	Board Meeting	Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 (1) Of SEBI (LODR) Regulations, 2015	PDF
22 Sept 2026, 1:16 pm	AGM/EGM Postal Ballot	Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot	PDF
8 Sept 2026, 3:36 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
8 Sept 2026, 11:11 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2025	Mar 2026
	8	-1	51	-13	3	-7	4
	-15	7	6	2	-1	-33	-12
	5	-5	-54	8	-4	25	8
Net cash flow	-1	1	3	-3	-2	-15	-0
Free cash flow	7	-1	51	-13	3	-48	-9
CFO / Operating profit %	74.8%	-8.1%	548%	—	226.2%	—	—

Fratelli Vineyards Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Return on equity

Fratelli Vineyards Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Board meetings1

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1