Fratelli Vineyards Limited

Fratelli Vineyards Limited

BBSE:FRATELLI
120.95
INR
+3.25
(+2.76%)
-5.23EPS
4.17BMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
294.48
496.04
486.04
541.84
569.3
344.05
281.1
390.65
343.41
482.25
66.54
33.66
37.07
Basic EPS, GAAP
0.3
3.05
4.91
-0.37
2.03
-3.64
-3.29
0.68
-3.08
-0.18
-3.46
-5.75
-5.23
Free Cash Flow per Basic Share
-24.11
16.12
7.71
-0.82
59.98
-15.79
2.79
9.17
-0.37
-13.61
-11.8
-1.69
- -
Dividend per Share
- -
- -
0.7
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
19.13
29.74
33.89
34.36
36.49
32.79
31.25
31.92
33.91
26
36.12
31.28
- -
Tangible Book Value per Share
19.1
21.15
26.6
28.6
32.27
29.81
31.19
31.89
33.87
25.92
36.11
31.27
- -
Basic Weighted Avg Shares
9
9
9
9
9
9
9
9
9
9
40
43
43
Sales/Revenue/Turnover
2,529
4,260
4,163
4,641
4,876
2,947
2,408
3,346
2,941
4,130
2,692
1,459
1,612
Operating Margin (%)
2.02
1.71
2.17
0.88
1.96
-0.32
-0.74
0.65
1.12
5.61
-4.5
-7.52
-8.02
Depreciation Expense
1
1
28
31
29
30
16
3
2
66
73
88
90
Net Income, GAAP
3
26
42
-3
17
-31
-28
6
-26
-2
-140
-249
-228
Effective Tax Rate (%)
65.75
37.41
41.59
- -
18.66
- -
- -
- -
- -
27.57
- -
- -
- -
Profit Margin (%)
0.1
0.62
1.01
-0.07
0.36
-1.06
-1.17
0.17
-0.9
-0.04
-5.19
-17.07
-14.12
Working Capital
69
92
85
96
129
116
213
182
220
742
868
587
- -
LT Debt
- -
141
129
116
99
91
14
71
59
377
475
460
- -
Total Equity
164
326
354
358
377
351
268
273
290
1,157
1,563
1,360
- -
Return on Invested Capital (%)
- -
6.08
5.19
- -
7.67
- -
- -
- -
- -
10.94
- -
- -
- -
Return on Capital (%)
- -
4.68
7.97
- -
7.04
- -
- -
- -
- -
-0.22
- -
- -
- -
Return on Common Equity (%)
- -
12.53
15.43
-1.08
5.73
-10.51
-10.27
2.14
-9.35
-0.59
-15.66
-17.05
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
915
- -
LT Borrowings
- -
301
- -
LT Finance Leases
- -
159
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
43
Market Capitalization
4,667
2,729
4,174

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,194
- -
Cash, Cash Equivalents & STI
- -
6
- -
Accounts Receivable, Net
- -
1,051
- -
Inventories
- -
951
- -
Total Current Liabilities
- -
1,606
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
915
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.34%
65.78%
-13.02%
Free Cash Flow
-388.33%
788.59%
-84.62%
Net Income, GAAP
752.7%
1,702.68%
78.14%
Sales/Revenue/Turnover
-5.69%
-2.66%
-45.79%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,435
560
494
274
2,692
2026
286
401
543
298
1,459
2027
370
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.67
-0.67
-0.78
-3.44
-3.46
2026
-1.35
-0.76
-2.01
-1.63
-5.75
2027
-0.84
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Gaurav Sekhri
Full Time Employees
1
Sector
Distribution services
Industry
Food distributors
Address
New Delhi India
IPO Date
Aug 20, 2018
Business
Fratelli Vineyards Limited Fratelli Vineyards Limited (formerly Tinna Trade Limited Tinna Trade Limited) operates as an Indian winemaker and vineyard company focused on producing premium, super-premium, and luxury wines; it maintains full control over its value chain from vineyards to bottling, farming across approximately 1,000 acres in Maharashtra and operating a winery with 4.5 million liters capacity undergoing expansion to 5.6 million liters. The company offers a diversified portfolio of market-leading brands including J'Noon and Sette, which have earned international accolades, alongside innovative products such as India's first wine-in-a-can and ready-to-drink options; its wines are available across approximately 22,000 points of sale pan-India, with leading positions in CSD/Army Canteens and states like Delhi, Odisha, Andhra Pradesh, and Kerala, while also exporting to markets including Italy, Japan, the UK, the US, Dubai, and Australia. Fratelli Vineyards Limited serves HoReCa, distributors, channel partners, and consumers targeting premiumization, with strategic emphasis on brand building, viticulture research, luxury vineyard tourism and hospitality, and expansion into Tier II and Tier III towns. Founded in 2009 and headquartered in New Delhi, India, the company was originally established as part of the Tinna Group for trading agricultural and non-agricultural commodities such as pulses (yellow peas, green peas, chickpeas, lentils, kaspa peas, toor), grains (wheat, maize, millet, barley), oil seeds and edible oils (mustard, soybean, soybean oil, palm oil), protein meals (soyabean meal, sunflower meal/pellets), and steel abrasives (steel shots, steel cut wire shots, steel wire scrap/bead wire, steel grit), with operations at major Indian gateway ports including Delhi, Mumbai, Kolkata, Visakhapatnam, and Tuticorin, sourcing primarily from Canada and Australia. In a major strategic shift during fiscal year 2025, Fratelli Vineyards Limited acquired 100% of Fratelli Wines Private Limited through a shareholder-approved share swap issuing approximately 3.08 crore shares, rebranded from Tinna Trade Limited in July 2024 following regulatory approvals, and announced plans to progressively wind down its legacy agri and non-agri trading operations by the end of fiscal 2025 to focus singularly on winemaking, vineyard tourism, and related hospitality, positioning it as India's second-largest Indian wine business with targets for Rs 650 crore revenue by 2028.