TickerSutra

NSE: AVL · BSE: 540205 · ISIN INE679V01027

Aditya Vision Limited stock analysis

Aditya Vision Limited ranks #1430 in the TickerSutra evidence-ranked universe with a score of 53/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.1%, quarterly sales growth of 26.9% and quarterly profit growth of 40.0%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE53/100

Monitor only

#1430 of 5,430 ranked equities
Market capitalisation₹7,942.13cr
ROCE17.1%
Quarterly sales growth26.9%
Quarterly profit growth40.0%
P/E ratio56.7×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • 26.4% three-year sales CAGR
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Debt/equity is above 0.5×
  • CFO/EBITDA is below 0.6×
  • Valuation is above 40× earnings

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹899cr₹83cr₹35cr9.0%
2023₹1,322cr₹133cr₹64cr10.0%
2024₹1,743cr₹170cr₹77cr10.0%
2025₹2,260cr₹208cr₹106cr9.0%
2026₹2,672cr₹229cr₹117cr9.0%
TTM₹2,924cr₹263cr₹139cr9.0%
Debt / equity0.83×
CFO / EBITDA0.33×
Operating margin9.0%
Free cash flow₹39cr
Sales CAGR · 3Y26.4%
Profit CAGR · 3Y22.3%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts5 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Export growthHigh severity · 1 mention
Positive catalyst

Total exports (merchandise and services) were recorded at US$861 Billion in FY26, up 4.2% Y-O-Y. Export growth was driven by a diversified basket, including pharmaceuticals, chemicals, engineering goods, petroleum products, electronics, textiles, gems and jewellery, rice, and marine products, strengthening India’s position in global value chains. The US, UAE, China, the Netherlands, and the UK remained key export des

Working capital stretchHigh severity · 1 mention
Risk easing

Each challenge was converted into an opportunity for resurgent growth, reinforcing our position as a multi-state platform for Bharat’s rising aspirations. Backed by proactive inventory build-up ahead of the summer season, Aditya Vision was well-positioned to capitalize on heightened demand and gain market share even as supply constraints impacted parts of the industry. This reinforces how our diversified product mix

Margin guidanceHigh severity · 1 mention
Constructive

for FY26*** Productivity per employee* (in FY26) In Bihar, Jharkhand, Uttar Pradesh, and Chhattisgarh Average store-level break-even Average store size (sq. ft.) EBITDA Margin Range Gross Margin Range Revenue per sq. for FY26** We ensure our customers—whom we fondly call our guests—receive an exceptional experience, reflecting the strength of our brick-and-mortar retail model.

Operating leverageHigh severity · 1 mention
Positive catalyst

• Offering support for operational excellence to drive efficiency and quality. IMPORTANCE TO ADITYA VISION • Deliver operational leverage to enhance and optimize the entire value chain. • Maintain cost competitiveness while prioritizing sustainability.

Pricing pressureModerate severity · 1 mention
Risk easing

Today, our reach extends to nearly 30% of India’s population, reflecting both depth and accessibility in underpenetrated markets. Enabling Access Across Bharat Corporate Overview Our business model is defined by strong direct relationships with over 100 leading OEM brands, enabling competitive pricing, superior margins, and a wide range of products across consumer durables, home appliances, and electronics. Guided by

Pricing commentaryModerate severity · 1 mention
Constructive

The Company remains in a sweet spot to capitalize on India’s underserved markets with unwavering focus on growth and innovation. KEY HIGHLIGHTS OF FY26 • Same-store sales growth stood at 8% • Bill cuts came in at I 11.9 Crore, up 18.9% • Average selling price increased 0.9% to I 22,088 • Store count increased to 207 from 175 in FY25 • Retail footprint increased 22% to 9,13,725 sq. 60% 24% 16% 64% FY25 FY26 21% 15% La

Regulatory updatesModerate severity · 20 mentions
Watch

Mitigation strategy: The Company closely monitors any changes or newly framed policies by actively engaging with policymakers. Market diversification enables the Company to reduce dependency on a particular market and thereby mitigate the regulatory risk therein. Market Risk: Lucrative growth prospects of the industry lead to heightened competitive intensity from regional and national players.

Regulatory approvalLow severity · 14 mentions
Watch

The Company may, at its sole discretion, relieve the Managing Director of his duties any time by giving six months’ notice. Salary payable to Executive Directors is being recommended by the Nomination and Remuneration Compensation Committee and approved by the Board and the Shareholders of the Company. Remuneration of the Managerial Persons are within the limits approved by the Board and Shareholders.

Management confidenceLow severity · 1 mention
Constructive

(ii) Steps taken or proposed to be taken for improvement- NA (iii) Expected increase in productivity and profits in measurable terms: In the competitive environment, it is difficult to estimate the revenue/profits in measurable terms. As the Company is taking numerous initiatives to improve its financial position and the management is confident of increase in revenue and profits in coming years. DISCLOSURES: Disclosu

Capacity commissioningLow severity · 1 mention
Watch

Number of meetings of the Board attended during the financial year (2025-26) 3/3 5/5 Disclosure of relationships between directors interse Father- Yashovardhan Sinha, Managing Director Mother- Sunita Sinha, Non-Executive Director Sister- Yosham Vardhan, Whole Time Director None Directorships of other Listed Companies None None Listed entities from which the Director has resigned from Directorship in the past three ye

Capacity expansion plansLow severity · 1 mention
Watch

Retained earnings As at March 31, 2026 As at March 31, 2025 Balance at the beginning of the year 27,901.79 18,509.97 Profit for the year 11,692.43 10,549.78 Dividends (1,262.85) (1,157.96) Balance at the end of the year 38,331.37 27,901.79 The portion of profit not distributed among the shareholders are termed as retained earnings. The Company may utilize the retained earnings for making investments for future growth

Institutional interestLow severity · 1 mention
Watch

The facility of participation at the AGM through VC/OAVM will be made available to at least 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee,

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

DIRECTOR & BUSINESS NETWORK

Loading corporate intelligence

Loading universe coverage and exchange-backed evidence…