Aditya Vision Limited (AVL)

About

Aditya Vision Limited operates in speciality retail within consumer discretionary, dual-listed (BSE/NSE). ₹1,192.68 Cr revenue Q1 FY27, ₹8,064.23 Cr market cap. Positioned in focused retail segment.

Face value: ₹1

Market cap

₹7,388 Cr

P/E

53.2×

P/B

10.7×

Dividend yield

0.2%

ROE

18.4%

ROCE

23.7%

Debt / equity

0.48

OPM

8.5%

EPS (TTM)

₹10.8

Book value

₹53.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Elevated valuation: PE 58.02 signals market prices significant growth; verify drivers and downside if unmet.

Margin sustainability: OPM ranges 7.58%–10.44% recent quarters; determine if latest 10.44% is sustainable or cyclical.

Retail cyclicality: consumer discretionary vulnerable to slowdowns; assess exposure and inventory management.

Business volatility: quarterly revenue swings ₹375–₹1,192 Cr; verify drivers (concentration, seasonality, projects).

Generated analysis · source review pending

Growth drivers

YoY revenue growth 26.8% (₹940.23 Cr Jun 2025 → ₹1,192.68 Cr Jun 2026); verify drivers (store expansion, traffic, share).

Operating margin expanded to 10.44% latest quarter from 8–9% range; identify drivers and sustainability.

Consistent profitability (₹12.72–₹77.22 Cr quarterly); verify reinvestment via capex or capital returns.

50.37% one-year return reflects market optimism; verify support from expansion or growth announcements.

Generated analysis · source review pending

556 historical price candles were omitted because the exchange source has not been verified.

₹572.3-2.3%1Y

Quick read

rule-based

Pros

+Strong return on equity of 20.9% (3-yr avg)
+High return on capital employed of 26.2%
+Profit CAGR of 41.7% over the last 5 years
+Revenue CAGR of 29% over the last 5 years

Cons

−Trading at 10.7× book value
−Low dividend payout of 11.6% of profit
−Promoter holding fell 6.1 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 47
Growth: 93

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lenskart Solutions LimitedLENSKARTLENSKART	₹1,20,170 Cr	₹1,20,390 Cr	₹9,634 Cr	₹2,005 Cr	19.9%	₹655 Cr	5.7%	8.6%	6.7%	19
Vedant Fashions LimitedMANYAVARMANYAVAR	₹12,617 Cr	₹12,617 Cr	₹1,345 Cr	₹652 Cr	48.1%	₹403 Cr	30.3%	30.4%	27.6%	198
Aditya Birla Lifestyle Brands LimitedABLBLABLBL	₹9,085 Cr	₹9,919 Cr	₹8,601 Cr	₹1,389 Cr	16%	₹176 Cr	2%	15.6%	23.3%	59
Aditya Vision LimitedAVLAVL	₹7,388 Cr	₹7,719 Cr	₹2,924 Cr	₹263 Cr	8.5%	₹139 Cr	4.4%	23.7%	18.4%	104
V2 Retail LimitedV2RETAILV2RETAIL	₹7,343 Cr	₹7,597 Cr	₹3,432 Cr	₹508 Cr	14.9%	₹179 Cr	5.3%	22%	26%	116
Aditya Birla Fashion And Retail LimitedABFRLABFRL	₹5,435 Cr	₹7,129 Cr	₹8,371 Cr	₹675 Cr	8%	₹-779 Cr	-10.2%	-2.9%	-12.3%	68
Ss Retail LimitedSSRETAILSSRETAIL	₹5,315 Cr	—	₹2,351 Cr	₹125 Cr	5.3%	₹60 Cr	2.5%	28.7%	26.5%	—
Arvind Fashions LimitedARVINDFASNARVINDFASN	₹5,073 Cr	₹5,604 Cr	₹5,437 Cr	₹731 Cr	13.4%	₹120 Cr	3.5%	23%	12.9%	52
Purple Style Labs LimitedPERNIASPOPPERNIASPOP	₹4,363 Cr	₹4,734 Cr	₹558 Cr	₹21 Cr	3.8%	₹-285 Cr	-51.2%	-24.9%	-875.1%	131
Shankara Buildpro LimitedBUILDPROBUILDPRO	₹3,023 Cr	₹3,084 Cr	₹6,826 Cr	₹227 Cr	3.3%	₹128 Cr	1.9%	40%	23.4%	24
Baazar Style Retail LimitedSTYLEBAAZASTYLEBAAZA	₹2,803 Cr	₹3,151 Cr	₹1,950 Cr	₹279 Cr	14.4%	₹47 Cr	2.6%	9.5%	11%	86
Go Fashion (India) LimitedGOCOLORSGOCOLORS	₹1,551 Cr	₹1,551 Cr	₹838 Cr	₹229 Cr	28.3%	₹53 Cr	7.1%	11.5%	8.5%	334

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	748	899	1,322	1,743	2,260	2,672
COGS	656	757	1,111	1,466	1,905	2,256
Gross profit	92	142	211	278	355	416
	39	59	78	110	151	188
	53	83	133	167	204	228
OPM %	7.1%	9.2%	10.1%	9.6%	9%	8.5%
Depreciation	13	16	20	29	37	40
Interest	17	25	30	39	32	39
	4	1	3	7	8	8
Profit before tax	27	43	86	107	143	157
Tax	7	8	22	30	38	40
Tax %	25.2%	18.2%	25.4%	27.8%	26.3%	25.5%
	20	35	64	77	105	117
PAT margin %	2.7%	3.9%	4.9%	4.4%	4.7%	4.4%
EPS (₹)	—	—	—	—	8.2	9.1
EPS adjusted (₹)	1.7	2.9	5.3	6	8.2	9.1
	—	—	—	—	13.4%	13.8%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	12	12	12	13	13	13
Reserves	37	67	124	474	571	676
	84	156	271	125	278	331
	256	186	211	263	361	452
Total equity & liabilities	390	421	618	875	1,223	1,471
	25	39	56	78	268	326
CWIP	105	111	135	175	6	6
Investments	0	0	0	0	0	0
	260	271	427	622	949	1,139
Total assets	390	421	618	875	1,223	1,471

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	38	32	18	-6	-41	75
	-33	-23	-84	-48	-45	-49
	2	-8	69	68	94	-21
Net cash flow	6	0	2	14	9	4
Free cash flow	1	13	-13	-41	-78	39
CFO / Operating profit %	70.3%	37.9%	13.2%	-3.7%	-20%	32.9%

Compounded sales growth

7 years: —
5 years: 29%
3 years: 26%
1 year: 18%

Compounded profit growth

7 years: —
5 years: 42%
3 years: 22%
1 year: 11%

Return on equity

7 years: —
5 years: 29%
3 years: 17%
Last year: 17%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	12.3%	15.8%	16%	15.9%	15.7%	15.6%
EBITDA margin %	7.1%	9.2%	10.1%	9.6%	9%	8.5%
EBIT margin %	5.4%	7.5%	8.5%	8%	7.4%	7%
PAT margin %	2.7%	3.9%	4.9%	4.4%	4.7%	4.4%
Working capital
Receivable days	0	0	0	0	0	0
Inventory days	109	101	97	108	134	136
Payable days	74	28	18	15	28	32
NWC days	35	74	79	93	105	104
Leverage
Current ratio	1.14	1.12	1.11	2.8	1.99	1.9
Debt to EBITDA	1.58	1.88	2.03	0.75	1.36	1.45
Debt to equity	1.7	1.99	1.99	0.26	0.48	0.48
Interest coverage	2.6	2.7	3.9	3.8	5.5	5.1
Asset turnover	1.92	2.13	2.14	1.99	1.85	1.82
Return ratios
Return on assets %	5.2%	8.4%	10.4%	8.8%	8.6%	7.9%
Return on capital employed %	27%	36.6%	46.1%	30.4%	24.4%	23.7%
Return on equity %	41.4%	44.8%	47.1%	15.8%	18.1%	17%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.19%	61.19%	53.43%	53.23%	53.23%	53.23%	53.23%	53.23%	47.32%	47.14%	47.14%	47.14%
	0.56%	0.57%	9.42%	10.23%	12.85%	13.75%	16.63%	17.67%	18.76%	17.74%	16.18%	15.05%
	4.6%	6.63%	7.48%	8.24%	8.74%	8.74%	9.87%	9.85%	16.46%	17.45%	19.58%	21.67%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	33.65%	31.61%	29.67%	28.3%	25.18%	24.28%	20.27%	19.25%	17.46%	17.67%	17.1%	16.14%
No. of shareholders	—	—	—	—	—	—	—	—	33,309	35,608	33,945	33,586

Promoter holding down 14.05 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
YASHOVARDHAN SINHAPromoters	SellMarket Sale	10,86,900	₹49.42 cr	6.20% → 5.36%	5 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

48 deals · 1 Aug 2022 – 4 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	9,04,458	₹509.10	₹46.05 Cr
4 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	9,04,458	₹509.78	₹46.11 Cr
3 Sept 2025	YASHOVARDHAN SINHA	Bulk	NSE	Sell	32,60,850	₹461.04	₹150.34 Cr
3 Sept 2025	YASHOVARDHAN SINHA	Bulk	BSE	Sell	32,60,850	₹460.37	₹150.12 Cr
3 Sept 2025	AXIS MUTUAL FUND	Bulk	NSE	Buy	14,00,000	₹459.70	₹64.36 Cr
3 Sept 2025	MOTILAL OSWAL MUTUAL FUND	Bulk	BSE	Buy	8,60,215	₹460.00	₹39.57 Cr
3 Sept 2025	IRAGE BROKING SERVICES LLP	Bulk	NSE	Buy	8,24,693	₹460.48	₹37.98 Cr
3 Sept 2025	IRAGE BROKING SERVICES LLP	Bulk	BSE	Sell	8,10,663	₹461.64	₹37.42 Cr
3 Sept 2025	IRAGE BROKING SERVICES LLP	Bulk	NSE	Sell	2,96,138	₹461.37	₹13.66 Cr
3 Sept 2025	IRAGE BROKING SERVICES LLP	Bulk	BSE	Buy	2,82,108	₹461.30	₹13.01 Cr

1–10 of 48

1 / 5

Mr. YASHOVARDHAN SINHAExecutive Director-Chairperson related to Promoter-MD
Mr. NISHANT PRABHAKARExecutive Director
Mrs. SUNITA SINHANon-Executive - Non Independent Director
Mr. ATUL SINHANon-Executive - Independent Director
Mr. NUSRAT SYED HASSANNon-Executive - Independent Director
Mr. RAHUL KUMARNon-Executive - Independent Director
Mrs. YOSHAM VARDHANExecutive Director
Mr. RAVINDER ZUTSHINon-Executive - Independent Director
Mrs. APEKSHA AGIWALNon-Executive - Independent Director
Mrs. RASHI VARDHANNon-Executive - Non Independent Director
Mr. Vikash KumarChief Financial Officer

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

15

across 8 fund houses

Held by these funds

7.84%

of the company's equity

All mutual funds

20.86%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

15 schemes · 8 fund houses

		Shares
Small Cap Fund	Axis Mutual Fund	24.13 L	144.89	0.46%	1.869%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	22.6 L	135.7	1.67%	1.75%	+2.41 L
Small Cap FundNEW	ICICI Prudential Mutual Fund	21.4 L	128.53	1.31%	1.658%	—
Franklin India Small Cap Fund (Formerly known as Franklin India Smaller Companies Fund) ^	Franklin Templeton Mutual Fund	9.24 L	55.48	0.38%	0.716%	-0
Innovation Fund	ICICI Prudential Mutual Fund	8.57 L	51.44	0.64%	0.664%	-0
Multi Cap FUND	Bank of India Mutual Fund	3.2 L	19.23	1.44%	0.248%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	3.11 L	18.68	2.36%	0.241%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	2.78 L	16.67	1.41%	0.215%	-1.02 L

1–8 of 15

1 / 2

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Annual reports

10

Credit ratings

2

Investor Presentation and earnings call

4

May 2026Transcript AI Summary PPTREC
Feb 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

20 announcementsExport CSV

28 Sept 2026, 5:03 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

28 Sept 2026, 2:08 pmCompany Update

Announcement Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015-Opening Of Showroom

General PDF

3 Sept 2026, 4:49 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

2 Sept 2026, 6:47 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

14 Aug 2026, 5:32 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

11 Aug 2026, 5:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

10 Aug 2026, 7:29 pmCorp. Action

Aditya Vision Ltd - 540205 - Corporate Action- Intimation Of Record Date For The 27Th Annual General Meeting.

Record Date PDF

10 Aug 2026, 7:23 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
28 Sept 2026, 5:03 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Sept 2026, 2:08 pm	Company Update General	Announcement Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015-Opening Of Showroom

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Aditya Vision Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Dividends9

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

9

1

1