Aditya Vision Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:31 am

Market Cap	6,795 Cr.
Current Price	528
High / Low	575/284
Stock P/E	71.3
Book Value	42.1
Dividend Yield	0.17 %
ROCE	21.8 %
ROE	25.3 %
Face Value	1.00
PEG Ratio	2.09

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Bhatia Communications & Retail (India) Ltd	375 Cr.	29.9	38.9/19.5	29.3	6.58	0.07 %	21.1 %	19.1 %	1.00
Aditya Vision Ltd	6,795 Cr.	528	575/284	71.3	42.1	0.17 %	21.8 %	25.3 %	1.00
Industry Average	3,585.00 Cr	278.95		50.30	24.34	0.12%	21.45%	22.20%	1.00

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	194	182	263	260	439	260	318	306	641	313	413	376	889
Expenses	178	171	236	232	393	237	282	278	578	290	370	338	804
Operating Profit	16	12	27	29	45	23	36	29	63	23	43	38	85
OPM %	8%	6%	10%	11%	10%	9%	11%	9%	10%	7%	11%	10%	10%
Other Income	0	0	0	1	0	1	0	2	1	2	1	2	2
Interest	3	1	4	18	7	5	7	11	9	6	7	16	7
Depreciation	1	4	4	5	4	5	6	5	6	7	8	7	8
Profit before tax	12	7	20	6	34	14	24	14	49	12	29	16	72
Tax %	20%	44%	20%	-32%	21%	21%	18%	52%	24%	22%	24%	51%	26%
Net Profit	10	4	16	8	26	11	20	7	37	10	22	8	53
EPS in Rs	0.82	0.35	1.34	0.68	2.20	0.94	1.62	0.56	3.11	0.80	1.84	0.61	4.12

Last Updated: October 7, 2024, 8:45 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:09 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	100	125	179	240	362	444	564	797	748	899	1,322	1,743	1,991
Expenses	98	123	177	237	357	437	547	772	695	816	1,189	1,573	1,802
Operating Profit	2	2	2	3	5	7	17	25	53	83	133	170	189
OPM %	2%	1%	1%	1%	1%	2%	3%	3%	7%	9%	10%	10%	10%
Other Income	0	0	0	0	0	1	0	9	4	1	3	4	7
Interest	1	1	1	1	2	2	7	14	17	25	30	39	37
Depreciation	0	0	0	0	1	1	2	2	13	16	20	29	30
Profit before tax	1	1	2	2	3	4	9	19	27	43	86	107	129
Tax %	30%	31%	33%	33%	33%	33%	33%	25%	25%	18%	25%	28%
Net Profit	1	1	1	1	2	3	6	14	20	35	64	77	93
EPS in Rs	21.33	24.33	37.67	0.11	0.12	0.20	0.41	0.99	1.70	2.93	5.33	6.01	7.37
Dividend Payout %	0%	0%	0%	0%	0%	0%	12%	25%	29%	20%	14%	23%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	0.00%	0.00%	0.00%	100.00%	50.00%	100.00%	133.33%	42.86%	75.00%	82.86%	20.31%
Change in YoY Net Profit Growth (%)	0.00%	0.00%	0.00%	100.00%	-50.00%	50.00%	33.33%	-90.48%	32.14%	7.86%	-62.54%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	30%
5 Years:	25%
3 Years:	33%
TTM:	30%

Compounded Profit Growth
10 Years:	60%
5 Years:	69%
3 Years:	57%
TTM:	30%

Stock Price CAGR
10 Years:	%
5 Years:	206%
3 Years:	99%
1 Year:	48%

Return on Equity
10 Years:	36%
5 Years:	38%
3 Years:	37%
Last Year:	25%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:58 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	2	2	2	10	14	14	14	14	12	12	12	13	13
Reserves	4	5	6	0	4	6	12	25	37	67	124	474	529
Borrowings	7	9	13	9	35	48	28	34	198	282	418	319	284
Other Liabilities	2	9	12	15	13	15	62	190	144	61	63	70	95
Total Liabilities	16	26	34	34	66	84	116	263	391	421	618	875	921
Fixed Assets	1	2	5	5	9	13	15	21	130	150	183	244	250
CWIP	0	0	0	0	0	0	0	0	0	0	8	9	12
Investments	1	2	2	0	0	0	0	0	0	0	0	0	0
Other Assets	14	22	27	30	56	70	101	242	261	271	427	622	660
Total Assets	16	26	34	34	66	84	116	263	391	421	618	875	921

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-1	2	4	4	6	8	4	5	38	32	18	-6
Cash from Investing Activity +	-1	-2	-3	-1	-5	-5	-3	-6	-33	-23	-84	-48
Cash from Financing Activity +	2	1	3	-3	8	1	-3	3	2	-8	69	68
Net Cash Flow	1	1	4	1	9	4	-1	2	6	0	2	14

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-5.00	-7.00	-11.00	-6.00	-30.00	-41.00	-11.00	-9.00	-145.00	-199.00	-285.00	-149.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	2	0	1	1	0	0	0	0	0	0	0	0
Inventory Days	47	59	43	40	46	36	53	94	109	101	96	108
Days Payable	8	21	13	22	12	11	42	94	74	28	18	15
Cash Conversion Cycle	41	38	31	18	34	24	11	0	35	74	79	93
Working Capital Days	39	35	28	18	32	33	16	17	45	71	74	88
ROCE %	14%	11%	12%	14%	12%	10%	26%	51%	28%	23%	25%	22%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Aug 2024
Promoters	73.68%	73.68%	73.72%	69.88%	68.14%	67.59%	67.59%	61.19%	61.19%	53.43%	53.23%	53.23%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.54%	0.54%	0.56%	0.57%	9.42%	10.23%	12.12%
DIIs	0.00%	0.00%	0.00%	0.00%	0.09%	0.11%	0.13%	4.60%	6.64%	7.49%	8.23%	8.46%
Public	26.32%	26.32%	26.28%	30.12%	31.77%	31.74%	31.73%	33.65%	31.60%	29.66%	28.31%	26.20%
No. of Shareholders	3,668	3,685	3,338	5,020	6,588	6,596	7,093	9,376	10,502	11,038	12,063	17,681

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Small Cap Fund - Regular Plan	660,917	0.9	258.52	17,300	2024-12-18	3720.33%
Mahindra Manulife Multi Cap Fund	89,500	1.19	35.01	17,300	2024-12-18	417.34%
HSBC Balanced Advantage Fund	25,000	0.7	9.78	17,300	2024-12-18	44.51%
Mahindra Manulife Balanced Advantage Fund	17,300	1.01	6.77	17,300	2024-12-18	0%
Mahindra Manulife Aggressive Hybrid Fund	11,272	0.44	4.41	17,300	2024-12-18	-34.84%
HSBC Equity Savings Fund	9,750	1.72	3.81	17,300	2024-12-18	-43.64%
Mahindra Manulife Equity Savings Fund	8,100	0.71	3.17	17,300	2024-12-18	-53.18%
Mahindra Manulife Consumption Fund	7,015	2.02	2.74	17,300	2024-12-18	-59.45%
Mahindra Manulife Large Cap Fund	3,366	0.37	1.32	17,300	2024-12-18	-80.54%
HSBC Conservative Hybrid Fund	3,250	1.02	1.14	17,300	2024-12-18	-81.21%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	63.72	53.32	29.33	20.51	9.94
Diluted EPS (Rs.)	63.18	53.32	29.33	20.51	9.94
Cash EPS (Rs.)	82.42	70.31	42.68	22.41	11.36
Book Value[Excl.RevalReserv]/Share (Rs.)	379.69	113.30	65.42	47.25	27.87
Book Value[Incl.RevalReserv]/Share (Rs.)	379.69	113.30	65.42	47.25	27.87
Dividend / Share (Rs.)	14.10	7.50	6.00	5.00	2.50
Revenue From Operations / Share (Rs.)	1359.94	1099.25	747.49	621.85	564.81
PBDIT / Share (Rs.)	135.75	113.00	70.26	36.00	24.33
PBIT / Share (Rs.)	113.45	96.02	56.91	34.10	22.91
PBT / Share (Rs.)	83.21	71.49	35.87	27.41	13.28
Net Profit / Share (Rs.)	60.12	53.33	29.33	20.51	9.94
PBDIT Margin (%)	9.98	10.27	9.40	5.78	4.30
PBIT Margin (%)	8.34	8.73	7.61	5.48	4.05
PBT Margin (%)	6.11	6.50	4.79	4.40	2.35
Net Profit Margin (%)	4.42	4.85	3.92	3.29	1.75
Return on Networth / Equity (%)	15.83	47.06	44.83	43.41	35.64
Return on Capital Employeed (%)	21.84	39.62	33.50	60.09	69.08
Return On Assets (%)	8.80	10.38	8.26	8.73	5.33
Long Term Debt / Equity (X)	0.00	0.13	0.17	0.18	0.15
Total Debt / Equity (X)	0.25	1.99	1.46	1.48	0.85
Asset Turnover Ratio (%)	2.34	2.53	2.53	2.74	4.21
Current Ratio (X)	2.80	1.11	1.23	1.20	1.12
Quick Ratio (X)	0.73	0.20	0.29	0.28	0.26
Dividend Payout Ratio (NP) (%)	20.18	11.25	17.04	12.18	6.18
Dividend Payout Ratio (CP) (%)	14.72	8.53	11.71	11.15	5.41
Earning Retention Ratio (%)	79.82	88.75	82.96	87.82	93.82
Cash Earning Retention Ratio (%)	85.28	91.47	88.29	88.85	94.59
Interest Coverage Ratio (X)	4.49	4.61	3.34	5.38	2.53
Interest Coverage Ratio (Post Tax) (X)	2.99	3.17	2.39	4.07	2.03
Enterprise Value (Cr.)	4433.81	2127.50	953.85	281.04	41.97
EV / Net Operating Revenue (X)	2.54	1.61	1.06	0.37	0.05
EV / EBITDA (X)	25.48	15.65	11.29	6.49	1.22
MarketCap / Net Operating Revenue (X)	2.53	1.41	0.96	0.29	0.03
Retention Ratios (%)	79.81	88.74	82.95	87.81	93.81
Price / BV (X)	9.05	13.65	11.03	3.86	0.61
Price / Net Operating Revenue (X)	2.53	1.41	0.96	0.29	0.03
EarningsYield	0.01	0.03	0.04	0.11	0.57

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 760.73

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 44.08% compared to the current share price 528.00

Intrinsic Value of as of December 22, 2024 is: 1,020.08

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 93.20% compared to the current share price 528.00

Last 5 Year EPS CAGR: 34.09%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 20.67%, which is a positive sign. The company has shown consistent growth in sales (343.15 cr) and profit (33.31 cr) over the years.	The stock has a high average Working Capital Days of 41.33, which may not be favorable. The stock has a high average Cash Conversion Cycle of 39.83, which may not be favorable. The company has higher borrowings (129.54) compared to reserves (99.46), which may suggest financial risk.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 4.42%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 21.84% (Industry Average ROCE: 21.45%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 15.83% (Industry Average ROE: 22.2%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.99
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.73
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 71.3 (Industry average Stock P/E: 50.3)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.25
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Aditya Vision Ltd. is a Public Limited Listed company incorporated on 31/03/1999 and has its registered office in the State of Bihar, India. Company’s Corporate Identification Number(CIN) is L32109BR1999PLC008783 and registration number is 008783. Currently company belongs to the Industry of Retail - Speciality - Non Apparel. Company’s Total Operating Revenue is Rs. 899.12 Cr. and Equity Capital is Rs. 12.03 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Retail - Speciality - Non Apparel	1st, 2nd & 3rd Floor, Aditya House, Patna Bihar 800001	cs@adityavision.in http://www.adityavision.in

Management
Name	Position Held
Mr. Yashovardhan Sinha	Chairman & Managing Director
Mrs. Yosham Vardhan	Whole Time Director
Mr. Nishant Prabhakar	Whole Time Director
Mrs. Sunita Sinha	Non Executive Director
Mr. Ravinder Zutshi	Independent Director
Mrs. Apeksha Agiwal	Independent Director
Mr. Atul Sinha	Independent Director
Mr. Nusrat Syed Hassan	Independent Director
Mr. Rahul Kumar	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹760.73, which is 44.08% higher than the current market price of ₹528.00. The stock has a market capitalization of 6,795 Cr. and recorded a high/low of 575/284 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹529 Cr and total liabilities of ₹921 Cr.

What is the Market Cap of ?

The Market Cap of is 6,795 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 528.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 575/284.

What is the Stock P/E of ?

The Stock P/E of is 71.3.

What is the Book Value of ?

The Book Value of is 42.1.

What is the Dividend Yield of ?

The Dividend Yield of is 0.17 %.

What is the ROCE of ?

The ROCE of is 21.8 %.

What is the ROE of ?

The ROE of is 25.3 %.

What is the Face Value of ?

The Face Value of is 1.00.