Aditya Vision share price today

Aditya Vision Ltd's share price was ₹520.25 at the close on 4 November 2026. It has been rising for 26 weeks. That is 7.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹451 and ₹660, and at that close it sat 33% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Aditya Vision Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 11 weeks running.

Over the last 9.9 years the share price moved +33,903% while the NIFTY 500 moved +218%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 21 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) and profit up on a year earlier for 12 quarters in a row (every quarter we can compare).

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹586 crore, +27.9% on a year earlier.

   Why: Revenue rose because a long summer helped air conditioner sales, and then mobile phones and fridges sold well.

   Next results: check whether sales pick up into the main festival dates.

   From the earnings call on 30 Oct 2026.

2. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter profit was ₹18 crore, +38.5% on a year earlier.

   Why: Profit rose because the company made more money on the goods it sold. Much of the extra came from price rises on stock it already had, and the rest from normal trading.

   Next results: check whether profit margins fall as the temporary lift from price rises fades.

   From the earnings call on 30 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Aditya Vision reported revenue of ₹586 crore, up 27.9% from ₹458 crore a year earlier, and a profit of ₹18.0 crore, up 38.5% from ₹13.0 crore.

Aditya Vision results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Aditya Vision's management discussed these results on a call held on 30 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Aditya Vision closed at ₹520.25 on 4 November 2026, down 5.3% from ₹549.35 a year earlier (7 November 2025) and up 513.1% over five years. Its highest weekly close since December 2016 was ₹660.05 on 25 June 2026.

Aditya Vision share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

455 weekly closes from 16 December 2016 to 4 November 2026.

4 Nov 2026: Aditya Vision closed at ₹520.25, down 5.5% on the week and down 8.9% on the month. 30 Oct 2026: Aditya Vision held its results call for July to September 2026. Management guided: Long-term revenue growth aspiration 20-25% retained with H1 running ahead of pace.

Earlier

• Results for July to September 2026: Revenue up 27.9% and profit up 38.5% on a year earlier.
• 25 Aug 2026: ex-date for a dividend of ₹1.25 a share, record date 26 Aug 2026.
• Our read, 31 May 2026: Aditya Vision has 207 stores across 4 states with 50%+ of the base now 3+ years old. Revenue yearly growth 29% over 5 years (FY21–FY26) with profit yearly growth 42.4%, but FY26 profit growth decelerated to 10.4% as OpEx surged 50% on a year earlier from expansion spend.

Our read of the business

Aditya Vision has 207 stores across 4 states with 50%+ of the base now 3+ years old. Revenue yearly growth 29% over 5 years (FY21–FY26) with profit yearly growth 42.4%, but FY26 profit growth decelerated to 10.4% as OpEx surged 50% on a year earlier from expansion spend.

Latest quarter: H2 recovery confirms deseasoning, but margin misses guided floor.

Our read after the latest results, written 31 May 2026.

Aditya Vision paid ₹1.25 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.24% at the ₹520.25 close on 4 November 2026. The last was a dividend of ₹1.25 a share, ex-date 25 August 2026.

Aditya Vision dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Aditya Vision Ltd paid out 14% of its profit as dividends in FY26, and it paid a dividend in 8 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 30 October 2026, Aditya Vision's management guided: Long-term revenue growth aspiration 20-25% retained with H1 running ahead of pace.

“For H1 FY27, revenue grew 27% year-on-year to Rs.1,779 crore, keeping us ahead of our long-term revenue growth aspiration of between 20% and 25%.”Yashovardhan Sinha, on the call for July to September 2026

What management guided

• Normalized gross margin 15-15.5% annual at constant prices excluding transient hike benefit.
• Annual operating margin 8-10% retained with confidence despite moderation of transient benefit.
• FY27 close 230-235 stores rising by around 35 next year to around 270.
• Chhattisgarh 9-10 additional stores and Madhya Pradesh 3 imminent plus 15-17 next year alongside western UP and Bihar pockets.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 30 October 2026.

What is changing at Aditya Vision, from the latest results and calls: store maturation operating leverage, geographic white-space expansion and deseasoning, h2 contribution parity.

• Store Maturation Operating Leverage. 50%+ of 207 stores are 3+ years old. As new-store drag as % of total declines, operating profit should drift from 8.5% toward 9 to 10% without incremental revenue acceleration. ⚠ estimate
• Geographic White-Space Expansion. UP has only 53 stores in 30 of 75 districts. Bihar is near-saturated (118 stores, 38 of 75 districts). ⚠ estimate
• Deseasoning, H2 Contribution Parity. H2 FY26 matched H1 revenue for the first time, company repositioning from 'summer-cooling dependent' to 'all-weather' via TVs, mobiles, washing machines. ⚠ estimate
• Government-Driven Rural Demand. Bihar free electricity scheme (125 units/month), UP salary revisions (+30-35%), and Union Budget income tax relief create structural demand uplift in the Hindi heartland. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 31 May 2026.

3 guidance misses/downgrades in the May 2026 call with no acknowledgment, store goal cut, April to June 2026 demand narrative backtracked, FY26 margin fell below guided floor.

The main risks

• Management guidance credibility erosion: 3 guidance misses/downgrades in the May 2026 call with no acknowledgment, store goal cut, April to June 2026 demand narrative backtracked, FY26 margin fell below guided floor. ✓ fact
• Gross margin dilution from electronics/mobile mix shift: Gross margin declined 100 basis points to 15.6% in FY26 as mobiles (25%+ of sales) replaced higher-margin cooling appliances, limited OEM pass-through pricing power. ✓ fact
• Inventory concentration risk, ₹840 crore at Q4 end: January to March 2026 inventory of ₹840 crore (vs ₹676 crore at Sep 2025 and ₹524 crore at Mar 2025) built ahead of summer, if April to June 2026 demand disappoints, working capital deteriorates. ✓ fact
• Promoter stake reduction, 67.6% to 53.2% in 3 years: Promoter stake declined from 67.59% (Mar 2023) to 53.23% (Jun 2025), 14.4pp reduction, likely via QIP/block deals that funded expansion, but insider dilution trajectory warrants monitoring. ✓ fact

Our read after the latest results, written 31 May 2026.

When Aditya Vision reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: Gross and operating profit moderation as transient price benefit fades - check margins reverting toward normalized annual frameworks.

Aditya Vision is not on any of our India lists this week.

Aditya Vision Ltd earned ₹18.0 Cr of net profit in the Sep 2026 quarter, +38.5% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹117 Cr. Over 10 years profit has grown 61.0% a year on average. That is 3.1% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹13.0 Cr.

For the full year, FY26 profit was ₹117 Cr (+10.4% on the year before).

Why profit moved: revenue changed +27.9% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +32.1% and revenue +27.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Aditya Vision Ltd reported ₹586 Cr of revenue in the Sep 2026 quarter, +27.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 27.3% a year on average. The last full year, FY26, came in at ₹2,672 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Management cited Rs 13,000 Cr direct transfers to women under MREY, 125 units free electricity in Bihar (launched Q2 FY26), and Union Budget tax relief of Rs 1 lakh Cr as demand tailwinds. These schemes are concentrated in Bihar, UP, and Jharkhand, exactly the company's operating geography, and reduce consumer price sensitivity for appliance purchases.

The last four reported quarters add to ₹3,053 Cr.

FY26 revenue was ₹2,672 Cr, +18.2% on the year before.

Recent pace: the last four quarters grew +27.7% on average, against 27.3% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +27.6%, against +21.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +33.3%, against +23.1% a year (accelerating).

Aditya Vision Ltd's operating margin was 8.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 1.0% and 10.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Management characterizes the maturation dynamic as a 'pyramid effect', mature stores contribute disproportionately more EBIT than new stores, and as the 102 stores added in 3 years age, the drag proportion of total OpEx falls. Q4 FY26 SSSG of 18% (vs 6% in Q4 FY25) is the clearest signal that mature stores are accelerating. The forward assumption is that UP stores opened Feb–Mar FY26 (13 percentage points of contribution) will ramp to full annualized contribution in FY27.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.1 percentage points on the year while gross margin changed +1.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 9% of Aditya Vision Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹75.0 Cr of operating cash against ₹117 Cr of profit. After ₹98.0 Cr of spending on assets, free cash was −₹23.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 9% of profit came in as cash: the cash cycle got 69 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 69 days longer. The next section looks at where the cash is stuck.

Aditya Vision Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 104 days in FY26, up from 35 days in FY21. It spent ₹247 Cr on assets over the last 3 years. Customers take 0 days to pay, and stock sits for 136 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,672 Cr, each day of that cycle ties up about ₹7.3 Cr, so roughly ₹761 Cr is tied up in the business at any time.

FY26: customers took 0 days to pay and stock sat for 136 days, about 4.5 months of sales sitting as stock, for a full cycle of 104 days, longer than FY21's 35.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 136 days. Customers pay about 0 days after that. Suppliers are paid at 32 days. Together that makes the 104-day cycle.

Spending on assets: ₹247 Cr over the last 3 years, against ₹106 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹6.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Aditya Vision Ltd's P/E is 46.2×, in the middle of its own history: higher than 52% of past readings. Its usual P/E (the middle reading) is 43.1×, over 9.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.