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Aditya Vision Ltd

AVL·BSE
624.80-0.37%Wed, 23 Sept '26

Aditya Vision Ltd

AVL
BSE
624.80
-0.37%
|Wed, 23 Sept '26
SOICxStockScans Reports
6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
8,069Cr
Close
Close Price
624.80
Industry
Industry
Retail - Electronics
PE
Price To Earnings
57.96
PS
Price To Sales
2.76
Revenue
Revenue
2,924Cr
Rev Gr TTM
Revenue Growth TTM
26.52%
PAT Gr TTM
PAT Growth TTM
29.20%

Quarterly Results

Standalone
Numbers
Percentage
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
3134133768893765084879404586496251,193
Growth YoY
Revenue Growth YoY%
20.630.022.738.620.023.029.65.821.727.628.426.9
Expenses
ExpensesCr
2903703388043464624448514235965751,068
Operating Profit
Operating ProfitCr
2343388530474290355351124
OPM
OPM%
7.410.510.09.68.09.28.79.57.68.28.110.4
Other Income
Other IncomeCr
212222222222
Interest Expense
Interest ExpenseCr
67167691191091111
Depreciation
DepreciationCr
787810910910101112
PBT
PBTCr
1229167216312473173631103
Tax
TaxCr
378194781849926
PAT
PATCr
10228531224165513272277
Growth YoY
PAT Growth YoY%
-15.213.615.841.926.89.3103.63.94.212.836.040.0
NPM
NPM%
3.15.42.16.03.34.83.35.92.84.23.56.5
EPS
EPS
0.81.80.64.10.91.91.24.31.02.11.76.0
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
3134133768893765084879404586496251,193
Growth YoY
Revenue Growth YoY%
20.630.022.738.620.023.029.65.821.727.628.426.9
Expenses
ExpensesCr
2903703388043464624448514235965751,068
Operating Profit
Operating ProfitCr
2343388530474290355351124
OPM
OPM%
7.410.510.09.68.09.28.79.57.68.28.110.4
Other Income
Other IncomeCr
212222222222
Interest Expense
Interest ExpenseCr
67167691191091111
Depreciation
DepreciationCr
787810910910101112
PBT
PBTCr
1229167216312473173631103
Tax
TaxCr
378194781849926
PAT
PATCr
10228531224165513272277
Growth YoY
PAT Growth YoY%
-15.213.615.841.926.89.3103.63.94.212.836.040.0
NPM
NPM%
3.15.42.16.03.34.83.35.92.84.23.56.5
EPS
EPS
0.81.80.64.10.91.91.24.31.02.11.76.0

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
2403625365647977488991,3221,7432,2602,6722,924
Growth
Revenue Growth%
34.250.448.35.141.4-6.220.247.131.829.618.226.5
Expenses
ExpensesCr
2373575295477726958161,1891,5762,0562,4442,661
Operating Profit
Operating ProfitCr
35717255383133167204228263
OPM
OPM%
1.31.31.33.03.27.19.210.19.69.08.59.0
Other Income
Other IncomeCr
001094137889
Interest Expense
Interest ExpenseCr
12271417253039323941
Depreciation
DepreciationCr
0112213162029374044
PBT
PBTCr
234919274386107143157186
Tax
TaxCr
11135782230384047
PAT
PATCr
12361420356477106117139
Growth
PAT Growth%
6.346.263.2107.0143.245.972.581.820.136.910.829.2
NPM
NPM%
0.50.50.51.01.82.73.94.84.44.74.44.8
EPS
EPS
1.30.10.20.41.02.02.95.36.48.29.110.8
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
2403625365647977488991,3221,7432,2602,6722,924
Growth
Revenue Growth%
34.250.448.35.141.4-6.220.247.131.829.618.226.5
Expenses
ExpensesCr
2373575295477726958161,1891,5762,0562,4442,661
Operating Profit
Operating ProfitCr
35717255383133167204228263
OPM
OPM%
1.31.31.33.03.27.19.210.19.69.08.59.0
Other Income
Other IncomeCr
001094137889
Interest Expense
Interest ExpenseCr
12271417253039323941
Depreciation
DepreciationCr
0112213162029374044
PBT
PBTCr
234919274386107143157186
Tax
TaxCr
11135782230384047
PAT
PATCr
12361420356477106117139
Growth
PAT Growth%
6.346.263.2107.0143.245.972.581.820.136.910.829.2
NPM
NPM%
0.50.50.51.01.82.73.94.84.44.74.44.8
EPS
EPS
1.30.10.20.41.02.02.95.36.48.29.110.8

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
1014141414121212131313
Reserves
ReservesCr
04612253767124474571676
Current Liabilities
Current LiabilitiesCr
14425786216226211326210459569
Non Current Liabilities
Non Current LiabilitiesCr
106747115131155179181214
Total Liabilities
Total LiabilitiesCr
3466841162633904216188751,2231,471
Current Assets
Current AssetsCr
3056701002422582363625869131,079
Non Current Assets
Non Current AssetsCr
510141621132185256289310392
Total Assets
Total AssetsCr
3466841162633904216188751,2231,471
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
1014141414121212131313
Reserves
ReservesCr
04612253767124474571676
Current Liabilities
Current LiabilitiesCr
14425786216226211326210459569
Non Current Liabilities
Non Current LiabilitiesCr
106747115131155179181214
Total Liabilities
Total LiabilitiesCr
3466841162633904216188751,2231,471
Current Assets
Current AssetsCr
3056701002422582363625869131,079
Non Current Assets
Non Current AssetsCr
510141621132185256289310392
Total Assets
Total AssetsCr
3466841162633904216188751,2231,471

Cash Flow

Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
46855383218-6-4175
Investing Cash Flow
Investing Cash FlowCr
-1-5-5-3-6-33-23-84-48-45-49
Financing Cash Flow
Financing Cash FlowCr
-381-332-8696894-21
Net Cash Flow
Net Cash FlowCr
194-126021494
Free Cash Flow
Free Cash FlowCr
3021-3113-12-40-7839
CFO To PAT
CFO To PAT%
356.7329.9277.978.134.2183.589.327.5-7.9-38.764.1
CFO To EBITDA
CFO To EBITDA%
133.6118.4109.826.519.070.338.013.2-3.6-20.032.9
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
46855383218-6-4175
Investing Cash Flow
Investing Cash FlowCr
-1-5-5-3-6-33-23-84-48-45-49
Financing Cash Flow
Financing Cash FlowCr
-381-332-8696894-21
Net Cash Flow
Net Cash FlowCr
194-126021494
Free Cash Flow
Free Cash FlowCr
3021-3113-12-40-7839
CFO To PAT
CFO To PAT%
356.7329.9277.978.134.2183.589.327.5-7.9-38.764.1
CFO To EBITDA
CFO To EBITDA%
133.6118.4109.826.519.070.338.013.2-3.6-20.032.9

Ratios

Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
2512374242198681,8604,4055,7326,1768,069
Price To Earnings
Price To Earnings
14.944.312.91.710.724.629.057.154.352.958.0
Price To Sales
Price To Sales
0.10.30.10.00.31.01.42.52.52.32.8
Price To Book
Price To Book
1.46.02.80.64.411.013.79.19.89.011.7
EV To EBITDA
EV To EBITDA
10.222.15.21.77.413.816.927.629.929.132.5
Profitability Ratios
Profitability Ratios
GPM
GPM%
5.96.36.59.59.911.915.215.415.314.914.714.7
OPM
OPM%
1.31.31.33.03.27.19.210.19.69.08.59.0
NPM
NPM%
0.50.50.51.01.82.73.94.84.44.74.44.8
ROCE
ROCE%
14.98.19.229.344.317.919.020.818.116.415.515.5
ROE
ROE%
11.39.613.622.035.641.444.847.115.818.117.017.0
ROA
ROA%
3.42.63.35.05.35.28.410.48.88.68.08.0
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
2512374242198681,8604,4055,7326,1768,069
Price To Earnings
Price To Earnings
14.944.312.91.710.724.629.057.154.352.958.0
Price To Sales
Price To Sales
0.10.30.10.00.31.01.42.52.52.32.8
Price To Book
Price To Book
1.46.02.80.64.411.013.79.19.89.011.7
EV To EBITDA
EV To EBITDA
10.222.15.21.77.413.816.927.629.929.132.5
Profitability Ratios
Profitability Ratios
GPM
GPM%
5.96.36.59.59.911.915.215.415.314.914.714.7
OPM
OPM%
1.31.31.33.03.27.19.210.19.69.08.59.0
NPM
NPM%
0.50.50.51.01.82.73.94.84.44.74.44.8
ROCE
ROCE%
14.98.19.229.344.317.919.020.818.116.415.515.5
ROE
ROE%
11.39.613.622.035.641.444.847.115.818.117.017.0
ROA
ROA%
3.42.63.35.05.35.28.410.48.88.68.08.0
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Aditya Vision is a consumer electronics retailer that has built a dominant position in India’s least-penetrated states by turning first-time buyers into lifetime customers. Founded in 1999 with a single store in Patna, Bihar, the company spent its first fifteen years as a local player before a wave of rural electrification unlocked demand across the state’s smaller cities, triggering an expansion that has never seen a single store closure. The recurring approach is to enter underserved district headquarters before national chains arrive, source almost everything directly from brands to keep prices low, and wrap every sale in a layer of trust - same-day installation, a helpline that serves even non-customers, and loyalty rewards that give away cars and houses - so that the store becomes the default choice in markets where physical touch and family decision-making still govern every large purchase. # Business segments A single-engine business - a brick-and-mortar multi-brand retailer of electronics and appliances - where every activity feeds the same store network and the same customer promise. ## 1. Consumer electronics & durables retail: where trust meets under-penetration **The company sells televisions, refrigerators, air conditioners, washing machines, mobile phones and thousands of other products across 207 leased showrooms in Bihar, Jharkhand, Uttar Pradesh and Chhattisgarh, earning a gross margin of 13-15% on every cash-and-carry sale to an end consumer.** - **Direct from the factory, not through middlemen** - 85% of supply comes straight from over 100 brands and OEMs, up from 80% two years earlier, which means the company captures margins that competitors lose to distributors and can offer lower prices without sacrificing profitability. - **Stores that pay back in three years** - each new showroom costs ₹80-90 lacs to set up and requires ₹2.75-3.00 crore of working capital, breaks even within 6-12 months, and recovers its entire investment within three years, all while operating on a leased, asset-light model that keeps fixed costs low. - **The cooling season funds the year** - air conditioners and other cooling products drive 55-60% of annual sales in the first two quarters, so the company deliberately builds inventory to roughly ₹840 crores by March-end, securing stock at pre-summer prices before brands raise them and before BEE energy-rating changes add another 8-10% to product costs. - **Finance turns aspiration into a bill** - about 53% of sales are financed through partners like Bajaj Finserv and Samsung Finance+, with zero-cost EMI offers that make a ₹22,000 average selling price accessible to first-time buyers who might otherwise delay the purchase. - **After-sales service that creates a moat** - “Aditya Seva” is a helpline open to anyone, not just customers, with a claimed 100% grievance-resolution rate and same-day technician visits, while the “Aditya Suraksha” extended-warranty programme allows customers to enjoy an extended warranty, so the company stays in a customer’s life long after the sale. # Group structure and partners **Aditya Vision is a standalone listed company with no subsidiaries, controlled by its founding family and backed by a single institutional investor that made it debt-free.** - **A family-run public company** - promoter Yashovardhan Sinha serves as Chairman and Managing Director, his family holds board and operational roles, and the promoter group owned 73.30% of shares as of March 2021, ensuring alignment between management and long-term shareholders. - **One large institutional partner** - in FY24, Capital Group entities invested ₹282 crore through a preferential allotment, taking a combined 6.17% stake and wiping out net debt, which gave the company a clean balance sheet just as its store expansion accelerated. - **Listed on both major exchanges** - the company completed its IPO on the BSE in 2016 and upgraded to the NSE Main Board in November 2024, with CRISIL upgrading its long-term bank rating to ‘CRISIL A/Stable’ that same month. - **A board built for retail** - independent directors include a former Samsung India executive with over 45 years in consumer durables and a former UCO Bank veteran with 35-plus years of experience, bringing both industry and financial oversight to a promoter-led business.

Documents — Aditya Vision Ltd

  • Q1 FY2027 Earnings Call Transcript (Jun 2026, PDF): https://www.stockscans.in/document/as-76193f728fa95279a350e0ff.pdf
  • Q4 FY2026 Earnings Call Transcript (Mar 2026, PDF): https://www.stockscans.in/document/dbzu4by1cib02sv41liyqlve.pdf
  • Q3 FY2026 Earnings Call Transcript (Dec 2025, PDF): https://www.stockscans.in/document/hmman8e5z7rac6iiq9x671kt.pdf
  • Q2 FY2026 Earnings Call Transcript (Sep 2025, PDF): https://www.stockscans.in/document/g37t62wgk6r2k5pgxa235fe9.pdf
  • Q1 FY2026 Earnings Call Transcript (Jun 2025, PDF): https://www.stockscans.in/document/oepnu6lzmtg0tnouyveud5cf.pdf
  • Q4 FY2025 Earnings Call Transcript (Mar 2025, PDF): https://www.stockscans.in/document/08ygvcdn9gwhjf5dumua1u1i.pdf
  • Q3 FY2025 Earnings Call Transcript (Dec 2024, PDF): https://www.stockscans.in/document/mut0l3oh5j47u7x7uhacy6rs.pdf
  • Q2 FY2025 Earnings Call Transcript (Sep 2024, PDF): https://www.stockscans.in/document/41edjijqiwt15ixzzec42hko.pdf
  • Q1 FY2027 Quarterly Result (Jun 2026, PDF): https://www.stockscans.in/document/ivryo6mpv5fntdn8ysd2xch6.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/8lhkx7iyqfoune2zny4wks2v.pdf
  • Q3 FY2026 Quarterly Result (Dec 2025, PDF): https://www.stockscans.in/document/prssuib0328svuezs9754n6l.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/t9y8d6tqjgnqt0d3mzlfkl7o.pdf
  • Q1 FY2026 Quarterly Result (Jun 2025, PDF): https://www.stockscans.in/document/aqyw91agjpq49hu520lxmic0.pdf
  • Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/hp832o22578dqbzf39n97jzp.pdf
  • Q3 FY2025 Quarterly Result (Dec 2024, PDF): https://www.stockscans.in/document/7heh4e22jgv9u9u8oic7zemw.pdf
  • Q2 FY2025 Quarterly Result (Sep 2024, PDF): https://www.stockscans.in/document/onnxbcspln1iaaec6gi8smp9.pdf
  • Q1 FY2027 Investor Presentation (Jun 2026, PDF): https://www.stockscans.in/document/24sejjysuh9h65bx1gpwyqtw.pdf
  • Q4 FY2026 Investor Presentation (Mar 2026, PDF): https://www.stockscans.in/document/owz4inbrcl1uhobacvvsbles.pdf
  • Q3 FY2026 Investor Presentation (Dec 2025, PDF): https://www.stockscans.in/document/o853yt51zogey11pvnb2h41s.pdf
  • Q2 FY2026 Investor Presentation (Sep 2025, PDF): https://www.stockscans.in/document/mzj2wvcnrpchc9irm4ufd08z.pdf
  • Q1 FY2026 Investor Presentation (Jun 2025, PDF): https://www.stockscans.in/document/m32ckwchc5v9r16jvk4o62gq.pdf
  • Q4 FY2025 Investor Presentation (Mar 2025, PDF): https://www.stockscans.in/document/bkwwsrpv15c6g2zqwgoe5mav.pdf
  • Q3 FY2025 Investor Presentation (Dec 2024, PDF): https://www.stockscans.in/document/3tjq4zocvyfrha1c8pckqamq.pdf
  • Q2 FY2025 Investor Presentation (Sep 2024, PDF): https://www.stockscans.in/document/w7woz3tfrklb41vdpfov4mx7.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/lfgqgow3l29sbcuo0fje1ayi.pdf
  • FY2025 Annual Report (PDF): https://www.stockscans.in/document/bdywfbyy94v9pdg1kplalgha.pdf
  • FY2024 Annual Report (PDF): https://www.stockscans.in/document/cbtwelw2xfbj83mxars3jiqd.pdf
  • FY2023 Annual Report (PDF): https://www.stockscans.in/document/7ln750n43pxriwkxvifmy0d1.pdf
  • FY2022 Annual Report (PDF): https://www.stockscans.in/document/n09qu5wn89cdxfekqvr0h7q1.pdf
  • FY2021 Annual Report (PDF): https://www.stockscans.in/document/iis9xi78xo290vo0yzdnzy76.pdf
  • FY2020 Annual Report (PDF): https://www.stockscans.in/document/6t0he53j4doxk9vra4mnov34.pdf

Concall Transcript Summaries — Aditya Vision Ltd

  • Q1 FY2027 Concall Transcript Summary (Jun 2026): https://www.stockscans.in/company/BSE%3AAVL/transcript-notes/202606/as-76193f728fa95279a350e0ff.pdf
  • Q4 FY2026 Concall Transcript Summary (Mar 2026): https://www.stockscans.in/company/BSE%3AAVL/transcript-notes/202603/dbzu4by1cib02sv41liyqlve.pdf
  • Q3 FY2026 Concall Transcript Summary (Dec 2025): https://www.stockscans.in/company/BSE%3AAVL/transcript-notes/202512/hmman8e5z7rac6iiq9x671kt.pdf
  • Q2 FY2026 Concall Transcript Summary (Sep 2025): https://www.stockscans.in/company/BSE%3AAVL/transcript-notes/202509/g37t62wgk6r2k5pgxa235fe9.pdf
  • Q1 FY2026 Concall Transcript Summary (Jun 2025): https://www.stockscans.in/company/BSE%3AAVL/transcript-notes/202506/oepnu6lzmtg0tnouyveud5cf.pdf
  • Q4 FY2025 Concall Transcript Summary (Mar 2025): https://www.stockscans.in/company/BSE%3AAVL/transcript-notes/202503/08ygvcdn9gwhjf5dumua1u1i.pdf
  • Q3 FY2025 Concall Transcript Summary (Dec 2024): https://www.stockscans.in/company/BSE%3AAVL/transcript-notes/202412/mut0l3oh5j47u7x7uhacy6rs.pdf
  • Q2 FY2025 Concall Transcript Summary (Sep 2024): https://www.stockscans.in/company/BSE%3AAVL/transcript-notes/202409/41edjijqiwt15ixzzec42hko.pdf