Innovision Ltd
- Market cap
- ₹ 448 Cr.
- P/E
- 26.2x
- P/B
- 1.74x
- 52-week range
- 179.1 – 470
- ROE
- 20%
- ROCE
- 20%
- Debt / equity
- 0.43
- Sector
- Transport Infrastructure
- Industry
- Road AssetsToll, Annuity, Hybrid-Annuity
- Listed on
- NSE, BSE
About
Innovision Limited is engaged in the business of providing manpower services, toll plaza management and skill development training to its clients across India. Its segments include Manpower Services, Toll Plaza Management, and Skill Development Training. Its manpower services consist of three operational segments, such as manned private security services, integrated facility management (IFM) services, and manpower sourcing and payroll. Its manned private security services segment includes planning and deployment of private security personnel for its clients. Its IFM services consist of housekeeping and cleaning services, plumbing, plantation, sanitation, and support staff services, among others. The manpower sourcing and payroll services comprise recruitment, payroll, and human resource services. It also undertakes toll plaza management, which inter-alia includes user fee collection, maintenance and cleanliness of user fee plazas. It undertakes various skill development training.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Road AssetsToll, Annuity, Hybrid-Annuity: 17 companies →Innovision Ltd 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)26.2 against a typical 19.7: pricier than most peers (1st = cheapest).9th of 15
- Sales growth+18.3% against a typical +19.4% from a year earlier.8th of 13
- Profit growth−159.4% against a typical +6.6% from a year earlier.8th of 9
- Share price, 3 months−32.4% against a typical −1.5%.15th of 15
- Size₹ 447.9 Cr. market value against a typical ₹ 6,855.2 Cr. (1st = largest).9th of 13
Latest announcements
Exchange filings and their impact on the company.
- Won Rs 95 cr 1-year NHAI toll collection order, adding ~10% to annual revenue.
Innovision Limited received a Letter of Award from NHAI on 21 October 2026 to act as user fee agency for Limha Fee Plaza on the Bilaspur-Pathrapali section of NH-11 in Chhattisgarh, including upkeep of toilet blocks. The contract is for 1 year and is valued at Rs 94.97 crore. At about 10% of last year's revenue of Rs 981 crore, it provides near-term revenue visibility for the toll operations business.
- Subsidiary wins Rs 1.97 cr Indian Army order for 225 FPV drones for delivery in 6 months.
Aerodrone Robotics, a subsidiary of Innovision, has received a work order from the Indian Army through 15 Field Regiment, Dehradun for supply of 225 units of 7-inch FPV drones. The order value is Rs 1.97 crore and is to be executed within 6 months. The size is very small versus FY26 sales of Rs 981 crore, but it marks a defence customer win for the subsidiary.
- Innovision won a Rs 2.4 cr one-year security manpower order, adding ~0.2% to revenue.
Innovision Limited received a work order on 8 Oct 2026 from the Health and Family Welfare Department, Chhattisgarh for unarmed security guards and marshals. The contract value is Rs 2.4 crore for a period of one year under GeM bid GEM/2026/B/7732887. At about 0.24% of last year's sales, it adds small incremental manpower-services revenue with limited profit impact.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | — | Stable | 10 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Sep 2026 | Rating action | — | — | CRISIL | ₹ 203 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Aug 2026 | Financial Results | To consider and approve the Unaudited financial results(Standalone & Consolidated) for the period ended Jun 30, 2026 |
| 28 May 2026 | Financial Results | INNOVISION : 28-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 25, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May 28, 2026, To consider and approve the financial results for the period ended March 31, 2026 |
| 25 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 13 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 228 | 252 | 223 | 257 | 233 | 268 | 264 |
| Expenses | 221 | 232 | 207 | 246 | 223 | 250 | 274 |
| Operating Profit | 8 | 20 | 16 | 11 | 11 | 17 | −10 |
| OPM % | 3.3% | 7.8% | 7.2% | 4.4% | 4.6% | 6.4% | −3.8% |
| Other Income | 1 | 1 | 1 | 2 | 1 | 1 | 3 |
| Interest | 2 | 4 | 3 | 3 | 4 | 4 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 5 | 16 | 14 | 10 | 8 | 14 | −11 |
| Tax % | 41.9% | 33% | 10.5% | 21.6% | 45.6% | 16% | −30% |
| Net Profit | 3 | 11 | 12 | 8 | 4 | 12 | −7 |
| EPS in Rs | 1.65 | 5.84 | 6.6 | 4.16 | 2.37 | 5.01 | −2.96 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 57%
- TTM
- 10%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 63%
- TTM
- 26%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 24%
- 3 Years
- 25%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Innovision Ltd | ₹ 190.75 | ₹ 448 Cr. | 26.2x | 1.7x | 20% | — |
| Swiggy | ₹ 176.70 | ₹ 48,775 Cr. | — | 3.9x | −29.1% | −18% |
| Delhivery | ₹ 370.00 | ₹ 27,724 Cr. | 223.6x | 3.8x | 1.6% | 1.5% |
| Urban Company | ₹ 132.65 | ₹ 20,457 Cr. | — | 9.1x | −11.9% | −15.1% |
| Sagility | ₹ 44.10 | ₹ 20,645 Cr. | 20.3x | 2x | 10.3% | 12.9% |
| Indegene | ₹ 570.00 | ₹ 13,763 Cr. | 29.4x | 3.9x | 13.9% | 11.4% |
Management
- Randeep Hundal
- Executive Chairman of the Board, Managing Director
- Uday Pal Singh
- Chief Executive Officer, Whole Time Director
- Bijender ..
- Chief Financial Officer
- Jyoti Sachdeva
- Company Secretary, Compliance Officer
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