# Aditya Vision share price today (Aditya Vision Ltd, NSE: AVL)

> Aditya Vision share price today: ₹528.80 at the NSE close on 3 November 2026, down 7.8% in a year. Aditya Vision (NSE: AVL) is worth ₹6,829 crore, trades at a P/E of 47.0 and has closed between ₹450.80 and ₹660.05 over the past 52 weeks. > Aditya Vision Ltd's earnings have grown faster than its share price. Earnings per share grew +10.4% in a year while the price moved −7.8%. AVL · Retail - Electronics · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/aditya-vision-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹528.80 (−7.8% in a year)
- P/E: 47.0× (higher than 53% of the last 9.9 years)
- Revenue (Sep 2026): ₹586 Cr (+27.9% on a year ago)
- Profit (Sep 2026): ₹18.0 Cr (+38.5% on a year ago)
- Operating margin: 8.0% (flat on a year ago)
- ROCE: 17%, FY26
- ROIC: 14.8%, against a 12.0% cost of capital: +2.8 points

The main question: profits are rising, but only 9% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Aditya Vision share price today? Aditya Vision Ltd's share price was ₹528.80 at the close on 3 November 2026. It has been rising for 26 weeks. That is 6.3% 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 37% of the way up from that low. 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 +34,462% 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. ## What changed at Aditya Vision this quarter? 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. ## What are Aditya Vision's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹586 crore | ₹458 crore | +27.9% |
| Profit | ₹18.0 crore | ₹13.0 crore | +38.5% |
| Earnings per share | ₹1.39 | ₹0.99 | +40.4% |
| Operating margin | 8.0% | 8.0% | 0.0 points |

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.)

## What is the Aditya Vision share price history? Aditya Vision closed at ₹528.80 on 3 November 2026, down 7.8% from ₹573.50 a year earlier (31 October 2025) and up 523.2% over five years. Its highest weekly close since December 2016 was ₹660.05 on 25 June 2026. ### Aditya Vision share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹554.95 | −4.7% |
| 1 month ago · 1 Oct 2026 | ₹571.25 | −7.4% |
| 6 months ago · 30 Apr 2026 | ₹524.25 | +0.9% |
| 1 year ago · 31 Oct 2025 | ₹573.50 | −7.8% |
| 3 years ago · 3 Nov 2023 | ₹240.88 | +119.5% |
| 5 years ago · 4 Nov 2021 | ₹84.85 | +523.2% |
| 10 years ago · 16 Dec 2016 | ₹1.53 | +34,462.1% |
| Earliest and lowest weekly close in our records · 16 Dec 2016 | ₹1.53 | +34,462.1% |
| Highest weekly close since December 2016, also the 52-week high · 25 Jun 2026 | ₹660.05 | −19.9% |
| 52-week low (weekly close) · 13 Mar 2026 | ₹450.80 | +17.3% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (455 weekly closes from 16 December 2016 to 3 November 2026.)

## What is the latest news on Aditya Vision? 3 Nov 2026: Aditya Vision closed at ₹528.80, down 4.7% on the week and down 7.4% 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.)

## What dividend does Aditya Vision pay? Aditya Vision paid ₹1.25 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.24% at the ₹528.80 close on 3 November 2026. The last was a dividend of ₹1.25 a share, ex-date 25 August 2026. ### Aditya Vision dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 25 Aug 2026 | ₹1.25 | Dividend | 26 Aug 2026 |
| 8 Jul 2025 | ₹1.10 | Dividend | same day |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Aditya Vision management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/28077-30-Oct-2026.pdf). (From the call for July to September 2026, 30 October 2026.)

## What is the future of Aditya Vision? What is changing in the business? 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.)

## What could change the Aditya Vision story? What are the risks? 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.)

## What to watch in Aditya Vision's next results? 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. - What to check (from the call)
- Gross and operating profit moderation as transient price benefit fades - check margins reverting toward normalized annual frameworks. - Net store additions toward FY27 close goal including MP/WB ramp - check count, breakeven progress and opex dilution. ## Which stock lists is Aditya Vision on? Aditya Vision is not on any of our India lists this week. ## Is Aditya Vision profitable? 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. 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. ## How much revenue does Aditya Vision make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Aditya Vision keep? 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. 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. ## Is Aditya Vision's profit turning into cash? 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. 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. ## Where does Aditya Vision's cash go? 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. 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. ## What is Aditya Vision's P/E ratio, and how does it compare with its own history? Aditya Vision Ltd's P/E is 47.0×, in the middle of its own history: higher than 53% 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. Why the multiple is where it is: over the past year earnings per share moved +10.4% while the price moved −7.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +44.2% a year; about +28.8% a year came from earnings growth and about +15.4 percentage points from the multiple (the market paying more); over 10 years the price moved +79.4% a year; about +64.0% a year came from earnings growth and about +15.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Aditya Vision business getting better or worse? Aditya Vision Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 25.6%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the Aditya Vision story, and has it been checked? Aditya Vision Ltd's story is not scored yet against the checks our research set on 31 May 2026. Where it sits in its own cycle: NEAR PEAK. What is proven. See the research file

What is not proven yet. The test written in advance. The test written in advance. Management guidance credibility erosion. Measured by: Management guidance credibility erosion Q1 FY27 actuals vs May 2026 framing by the next result. The test written in advance. Gross margin dilution from electronics/mobile mix shift. Measured by: Gross margin dilution from electronics/mobile mix shift Q1 FY27 gross margin vs 16% recovery threshold by the next result. What the company does. Aditya Vision has 207 stores across 4 states with 50%+ of the base now 3+ years old. Revenue CAGR 29% over 5 years (FY21, FY26) with PAT CAGR 42.4%, but FY26 PAT growth decelerated to 10.4% as OpEx surged 50% YoY from expansion spend. Lever 1 · Operating leverage: building. 50%+ of 207 stores are 3+ years old. As new-store drag as % of total declines, EBITDA should drift from 8.5% toward 9 to 10% without incremental revenue acceleration. What proves it keeps working: Store Maturation Operating Leverage. Lever 2 · Value-added mix: building. UP has only 53 stores in 30 of 75 districts. Bihar is near-saturated (118 stores, 38 of 75 districts). What proves it keeps working: Geographic White-Space Expansion. Lever 5 · Regulatory approval: building. H2 FY26 matched H1 revenue for the first time, company repositioning from 'summer-cooling dependent' to 'all-weather' via TVs, mobiles, washing machines. What proves it keeps working: Deseasoning, H2 Contribution Parity. Lever 7 · Consolidation: building. 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. What proves it keeps working: Government-Driven Rural Demand. Sources: our stock research file (31 May 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Aditya Vision management deliver what it promised? What Aditya Vision Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Price Hike Margin Attribution Changed · 30 October 2026. In May 2026, management said OEM price increases were not inherently a profit source and that it watched market reaction before taking pricing decisions. In Oct 2026, management attributed roughly 50 to 80 bps of Q2 FY27 gross-margin expansion to price increases, creating a materially different margin bridge that should be reconciled before being used in normalized margin assumptions. Seasonality Narrative Reversal · 31 July 2026. In the May 2026 call, management said the business had moved away from its historical seasonal dependence and described it as an all-weather, all-season company. In the Jul 2026 call, management reverted to describing the business as built around seasonal demand, said cooling categories remain concentrated in summer, and stated there is no way to reduce the seasonality, without reconciling the change; this matters for forecasting revenue mix, working capital and quarterly margins. Annual Store Addition Guidance Quietly Reduced · 8 May 2026. In both the Nov 2025 and Jan 2026 calls, management consistently guided for 30 to 35 annual store additions, with the Jan 2026 call reaffirming 30 as the standing annual guidance number shareholders could rely on. In the May 2026 call, management reduced this stated figure to 25 stores per year without any explanation, a 17% cut to the reference number that shareholders use to model the pace of network expansion and its associated revenue ramp. Q1 FY27 Exceptional Demand Narrative Significantly Downgraded · 8 May 2026. In both prior calls, management made explicit and repeated commitments that Q1 FY27 would be an above-trend standout quarter driven by pent-up cooling demand from the weakest summer since the company's inception, and the Jan 2026 call confirmed inventory was being actively accumulated in anticipation of that outsized demand. The May 2026 call, delivered midway through Q1 FY27, instead characterizes May as slightly colder and frames the aspiration as achieving only a normal summer season, a material retreat from the exceptional growth narrative that formed a key assumption in shareholder FY27 earnings models. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Aditya Vision earn on its capital? Aditya Vision Ltd earned a ROCE of 17% in FY26. That is up from a low of 10% in FY18. Its return on capital used (ROIC) is 2.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 4.4% net margin and 1.82× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.4% net margin × 1.82× asset turnover × 2.13× leverage (assets divided by equity) ≈ 17.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 14.8% − 12.0% = +2.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 14.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 12.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Aditya Vision have too much debt? Aditya Vision Ltd has total debt of ₹575 Cr against shareholder equity of ₹768 Cr as of Sep 2026, so its debt is 0.75× its equity. Year by year, that ratio went from 3.57 in FY22 to 0.83 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Aditya Vision shareholding pattern? Domestic institutions raised their stake in Aditya Vision Ltd by 12.3 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 21.0% of the company. Promoters moved −6.1 points over the same period, to 47.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +12.3 points over 8 quarters, to 21.0%; Promoters: −6.1 points over 8 quarters, to 47.1%; Foreign institutions: +3.2 points over 8 quarters, to 16.1%. Why the owners changed: domestic institutions drove it (+12.3 points), with the other side taken by promoters (−6.1 points). They raised their stake step by step. ## How far is Aditya Vision from balance-sheet trouble? For Aditya Vision Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. Why this happened. The structural shift: cooling appliances were ~48% of Q2 sales in FY25 but fell to 34% in Q2 FY26. The gap was filled by washing machines (+30% growth), TVs (+30%), and mobiles (+20% ASP with 20% volume share gain). ## How does Aditya Vision rank in its industry? 50.0 out of 100, rank 2 of 3 in Retail - Electronics, with 97% of the evidence available. Aditya Vision Ltd scores 50.0 out of 100 against the 3 companies it is compared with in Retail - Electronics, ranking 2. Earnings are strong; relative strength in its sector is -5.2% and the one-year return is -4%. The four parts add up to the total exactly: 27.3 + 13.6 + 4.1 + 5 = 50. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Aditya Vision compared with? Aditya Vision ranks 2 of 3 Retail - Electronics companies on the 4-Factor Sector Score, with 50.0 out of 100. 1. [Electronics Mart India Ltd](https://www.sectoralpha.in/stocks/electronics-mart-india-ltd) EMIL · leader · Evidence leans up · 60% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.7/35 · Revenue 20.2% · Profit 95.3% · Operating margin change 4 points · 83% evidence Capital efficiency 8.2/25 · ROCE 8.2% · Operating margin 10% · 76% evidence Valuation 11.1/20 · P/E 29.8× · PEG n/a · 35% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 23.8% · 1 year 0.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 25.7 + 8.2 + 11.1 + 12.5 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Aditya Vision Ltd this page AVL · quiet · Evidence leans up · 97% evidence 50.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.3/35 · Revenue 27.6% · Profit 33.3% · Operating margin change 0 points · 100% evidence Capital efficiency 13.6/25 · ROCE 17.1% · Operating margin 8% · 100% evidence Valuation 4.1/20 · P/E 48.8× · PEG 3.7 · 85% evidence Relative strength 5.0/20 · Lead over its industry -5.2% · Lead over NIFTY 500 5.9% · 1 year -4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 27.3 + 13.6 + 4.1 + 5 = 50 · What this means: Earnings are strong; relative strength in its sector is -5.2% and the one-year return is -4%. 3. [Cellecor Gadgets Ltd](https://www.sectoralpha.in/stocks/cellecor-gadgets-ltd) CELLECOR · quiet · Too little evidence to rank firmly · 56% evidence 48.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue 100% · Profit 100% · Operating margin change 1.2 points · 28% evidence Capital efficiency 16.1/25 · ROCE 22.7% · Operating margin 6% · 75% evidence Valuation 13.0/20 · P/E 16.3× · PEG n/a · 35% evidence Relative strength 0.0/20 · Lead over its industry -18.3% · Lead over NIFTY 500 -8.5% · 1 year -12.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.2 + 16.1 + 13 + 0 = 48.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Retail - Electronics](https://www.sectoralpha.in/sectors/retail-electronics), all 3 compared on one page. ## Which companies are close to Aditya Vision in size? Aditya Vision is the largest of 3 Retail - Electronics companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Electronics Mart India and Cellecor Gadgets. ### Retail - Electronics companies close in size

1. Aditya Vision Ltd ₹7,090 crore
2. [Electronics Mart India Ltd](https://www.sectoralpha.in/stocks/electronics-mart-india-ltd) ₹5,838 crore
3. [Cellecor Gadgets Ltd](https://www.sectoralpha.in/stocks/cellecor-gadgets-ltd) ₹646 crore

[All 3 Retail - Electronics companies, largest first](https://www.sectoralpha.in/sectors/retail-electronics#all-companies)

### Companies close in size in other industries

1. [Aeroflex Industries Ltd](https://www.sectoralpha.in/stocks/aeroflex-industries-ltd) ₹7,098 crore · Stainless Steel
2. [Intellect Design Arena Ltd](https://www.sectoralpha.in/stocks/intellect-design-arena-ltd) ₹7,091 crore · IT Product Companies
3. Aditya Vision Ltd ₹7,090 crore
4. [Krishana Phoschem Ltd](https://www.sectoralpha.in/stocks/krishana-phoschem-ltd) ₹7,065 crore · Fertilisers
5. [Sunflag Iron & Steel Company Ltd](https://www.sectoralpha.in/stocks/sunflag-iron-steel-company-ltd) ₹7,064 crore · Steel Products

## What else do people ask about Aditya Vision? ### What is Aditya Vision's share price today? Aditya Vision Ltd's share price is ₹528.80, −7.8% over the past year. The whole company is worth ₹6,829 Cr on the market. In the last 52 weeks it traded between ₹451 to ₹660; today it is 37% of the way up from the low, 6.3% below its 200-day average (as of 3 November 2026). ### What were Aditya Vision's latest quarterly results? Aditya Vision Ltd reported revenue of ₹586 Cr and net profit of ₹18.0 Cr for the Sep 2026 quarter. Revenue rose 27.9% and profit rose 38.5% compared with a year earlier. Earnings per share were ₹1.39. The operating margin was 8.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Aditya Vision's market cap? Aditya Vision Ltd's market capitalisation is ₹6,829 Cr at a share price of ₹528.80. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Aditya Vision performing? Aditya Vision Ltd's share price has been rising for 26 weeks. In its latest quarter, revenue rose 27.9% and profit rose 38.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 11 weeks running (as of 3 November 2026). ### Will Aditya Vision's share price go up? This page does not forecast Aditya Vision Ltd's share price. What it shows instead: the share price is ₹528.80, and it has been rising for 26 weeks. Its P/E of 47.0× is higher than 53% of its own last 10 years (as of 3 November 2026). ### Who owns Aditya Vision? Promoters own 47.1% of Aditya Vision Ltd, foreign institutions 16.1%, domestic institutions 21.0% and the public 15.8% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 12.3 percentage points over 8 quarters (as of 3 November 2026). ### Does Aditya Vision have too much debt? Aditya Vision Ltd has a moderate amount of debt: its debt is 0.83× its equity, and its operating profit is 6 times its interest bill. FY26 borrowings were ₹573 Cr against equity of ₹689 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Aditya Vision in its business cycle? Aditya Vision Ltd's FY26 operating margin was 9.0%, against a 13-year range of 1.0% to 10.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 8.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Aditya Vision story? The main question: profits are rising, but only 9% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Aditya Vision a stock worth studying right now? What the numbers show: Aditya Vision Ltd's earnings have grown faster than its share price. Earnings per share grew +10.4% in a year while the price moved −7.8%. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Aditya Vision share price forecast for 2026? What management itself guided: Long-term revenue growth aspiration 20-25% retained with H1 running ahead of pace. 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. What would change the story: 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. This is research, not advice. We’re not SEBI-registered.