Aditya Vision

Covered by Minerva Capital Research SolutionsNSE: AVLBSE: 540205
Compare with peers
₹ 559.65▼ 6.35 (−1.12%)28 Oct, 03:29 pm IST
Market cap
₹ 7,162 Cr.
P/E
51.1x
P/B
10.43x
52-week range
436.55 – 705
ROE
19%
ROCE
17%
Dividend yield
0.2%
Debt / equity
0.83
Sector
Retailing
Industry
Speciality Retail
Listed on
NSE, BSE
Our research
1 report

About

Aditya Vision Limited is an India-based multi-brand consumer electronics retail chain. The Company offers more than 10,000 products from multinational and domestic brands, which include digital gadgets, entertainment solutions, home appliances, small appliances, kitchen appliances, and personal care products. Its product categories include television, cooler, induction cooktop, tablet, wireless stereo, smartwatch, printer, refrigerator, cable, dishwasher, geyser, and personal computer. It retails for various brands, such as Samsung, LG, Sony, Godrej, Whirlpool, Haier, Lenovo, among others. Its services include Aditya Seva, Aditya Suraksha, and express delivery. The Company provides after-sales customer service through dedicated customer service engagements and a helpline called Aditya Seva. Aditya Seva is a one-stop solution for all product-related grievances of customers. It provides an extended warranty service through Aditya Suraksha. It operates approximately 148 retail showrooms.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Speciality Retail: 28 companies →

Aditya Vision against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)51.1 against a typical 37.3: pricier than most peers (1st = cheapest).17th of 28
  • Sales growth+26.9% against a typical +15.4% from a year earlier.8th of 23
  • Profit growth+40% against a typical +18.3% from a year earlier.6th of 18
  • Share price, 3 months−9.6% against a typical −17.4%.11th of 25
  • Size₹ 7,162.1 Cr. market value against a typical ₹ 464.2 Cr. (1st = largest).5th of 27

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A+ to A by 2 agencies
A
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
CARECARE A+ / CARE A1Stable14 Aug 2026
CRISILCrisil AStable17 Mar 2026
Credit rating actions
RatingDetails
14 Aug 2026
New rating
CARE A+ / CARE A1—CARE₹ 500 Cr.
17 Mar 2026
Reaffirmed
Crisil A—CRISIL₹ 270 Cr.
9 Feb 2026
Reaffirmed
Crisil A—CRISIL₹ 270 Cr.

Research by Minerva Capital Research Solutions

Our research team's work on Aditya Vision

In our sector reports

Retailer of consumer durables operating multi-brand Aditya Vision showrooms across Bihar, Jharkhand and eastern Uttar Pradesh. Its listed XIRR return is 106.5%.

Business and Financial Highlights

  • Growth: Operating Revenue rose from 748 in FY21 to 2,260 in FY25, with a reported CAGR of 31.8%; PAT rose from 25 to 105, with a 43.8% CAGR.
  • Cash generation: CFO was (41) in FY25, and CFO / EBITDA was -20%.
  • Debt: Total Debt was 480 and Debt / Equity was 0.82x in FY25.

Standard disclosures

  • Research Analyst has served as an officer, director or employee of subject company(ies): No
  • We or our associates have received compensation from the subject company(ies) in the past 12 months: No
  • We or our associates have managed or co-managed public offering of securities for the subject company(ies) in the past12 months: No
  • We or our associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company(ies) in the past 12 months –No
  • We or our associates may have received compensation or other benefits from the subject company(ies) or third party in connection with the research report –No
  • We or our associates or Research Analyst or his/her relative's financial interest in the subject company(ies)- No
  • Nature of financial interest in subject company, if any –Nil
  • We, our associates or Research Analyst have actual/beneficial ownership of 1% or more securities of the subject company (ies) at the end of the month immediately preceding the date of publication of Research Report – No
  • Subject company (ies) may have been client during twelve months preceding the date of distribution of the research report-No.
  • We or our Associates or Research Analyst are engaged in market making of subject company – No
  • By referring to any particular sector, Minerva Capital Research Solutions does not provide any promise or assurance of favorable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and take professional advice before investing. Such representations are not indicative of future results.
  • There are either no material conflict of interests or all existing and potential conflict of interest are disclosed herein.

Regulatory disclosures

Minerva Capital Research Solutions is an independent investment advisory firm founded by Nishant Gupta(SEBI registration no. INH000018896).

Registration granted by SEBI and certification from NISM in no way promise or guarantee that the research recommendation will provide any assured, minimum or risk-free return to the investors.

The research report serves as general information and does not account for individual investment goals, financial situations, or needs. Minerva Capital Research Solutions strives to provide reliable and comprehensive information, sourced from what are believed to be trustworthy channels. However, this information has not been independently verified by Minerva Capital Research Solutions or its analysts, and no guarantees are made regarding its accuracy or completeness. The opinions expressed in this report reflect the views of the research analyst at the time of publication and may change over time. Minerva Capital Research Solutions and its affiliates as on date of publication of this report may or may not hold any positions in the securities discussed. The views presented are general and do not consider individual risk tolerance or investment objectives; therefore, readers should seek independent professional advice before making investment decisions. Minerva Capital Research Solutions does not guarantee a favorable outlook for any specific industry or sector and urges investors to consider all relevant risk factors, including their financial circumstances, before investing. The analyst certifies that their views accurately represent their personal opinions on the companies discussed and that no part of their compensation is tied to specific recommendations made in this report. This material should not be interpreted as an offer or solicitation to buy or sell securities in jurisdictions where such offers would be illegal. Consequently, brokerage and investment services described herein are not available to Canadian or U.S. persons. Distribution outside India requires prior written consent. This Research Report assumes that the recipient will assume all risks associated with its contents. If there are any disagreements or dissatisfaction with this report or its disclaimer, the only recourse is to cease using it. Minerva Capital Research Solutions and its affiliates will not be liable for any direct or indirect losses resulting from the use of this report. Recipients are required to adhere to these restrictions. The material is for the personal use of authorized individuals and does not constitute a solicitation or offer to buy or sell any securities in jurisdictions where such actions would be illegal.

For any queries or grievances: Mr. Nishant Gupta | Email: nishant.gupta@mcapital.in | Contact Number: 8171433387 | Website: www.mcapital.in | Twitter: @Mcapital_In

Rating rationale

Minerva Capital Research Solutions endeavors to provide objective opinions and recommendations. Ratings are assigned to stocks according to their fair value vs current market price and then categorizes them as Buy, Hold, Reduce, Sell. The performance horizon is one year unless specified and fair value is defined as analyst’s valuation for a stock.

  • Buy:> 15%
  • Hold: -5% to 15%
  • Reduce: -15% to -5%
  • Sell: <-15%

Board meetings

Results dates and other board meetings. Full calendar

Details
30 Oct 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
31 Jul 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
8 May 2026Financial Results/Dividend/Other business mattersTo consider and approve the Audited financial results for the quarter and year ended March 31, 2026, dividend and other business matters
27 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
7 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
1 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
13 Jun 2025Other business mattersIntimation of Board Meeting of the Company Scheduled to be held on Friday, June 13, 2025

Share price

1Y change −0.95%
Volume (shares)Price (₹)
Close price

Financials

Standalone figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3134133768893765084879404586496251,193
Expenses2903703388043464624448504235965751,068
Operating Profit2343388530474290355351124
OPM %7%11%10%10%8%9%9%10%8%8%8%10%
Other Income212222222222
Interest67167691191091111
Depreciation787810910910101112
Profit before tax1229167216312473173631103
Tax %22%24%51%26%24%22%34%25%24%24%29%25%
Net Profit10228531224165513272277
EPS in Rs0.81.840.614.120.951.881.244.290.992.111.685.98

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
27%
5 Years
29%
3 Years
26%
TTM
27%
Compounded Profit Growth
10 Years
59%
5 Years
42%
3 Years
23%
TTM
30%
Stock Price CAGR
10 Years
—
5 Years
54%
3 Years
38%
TTM
—
Return on Equity
10 Years
25%
5 Years
25%
3 Years
21%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
47.14%
−6.09 pts in a year
FIIs
15.05%
−2.62 pts in a year
DIIs
21.67%
+11.83 pts in a year
Public
16.13%
−3.12 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 51.1xEPS (12 months) ₹ 10.85Median P/E 42.1x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Aditya Vision₹ 559.65₹ 7,162 Cr.51.1x10.4x19%—
Kalyan Jewellers India₹ 512.20₹ 52,898 Cr.43x9.4x24.3%3.8%
Thangamayil Jewellery₹ 4,638.90₹ 14,419 Cr.56.6x14.1x27.9%4.1%
Honasa Consumer₹ 431.40₹ 14,045 Cr.74.9x10.8x15.5%8.4%
P N Gadgil Jewellers₹ 570.05₹ 8,391 Cr.19.5x4.1x23.3%3.8%
D.P. Abhushan Ltd₹ 2,207.00₹ 5,038 Cr.14.4x4.8x40.9%5.2%

Management

Yashovardhan Sinha
Chairman of the Board, Managing Director
Vikash Kumar
Chief Financial Officer
Akanksha Arya
Compliance Officer, Company Secretary
Nishant Prabhakar
Whole-Time Director
Yosham Vardhan
Whole-Time Director

Prices are delayed and for information only. Nothing on this page is investment advice.