Ashish Kacholi stock engaged in the trading of electronic items with a service-oriented electronic retail chain jumped 9 percent in the day’s trade upon declaring a record date for the stock split of 1:10.
Price Action
With a market capitalization of Rs. 5,658 Crores, the shares of Aditya Vision Limited were trading at Rs. 4,399 per equity share, up 5 percent from its previous day’s close price of Rs. 4,192.
Stock Split and Record Date
The Board of Directors of Aditya Vision Limited has considered and approved the stock split /sub-division of equity shares of the company in the ratio of 1:10, where one equity share of the company with a face value of Rs. 10 will be divided into 10 equity shares with a face value of Rs. 1 and August 27, 2024, is fixed as the record date for determining entitlement of Shareholders of the Company for the split of equity shares.
About the Company
Aditya Vision Limited is an emerging consumer durables retailer, it is engaged in the trading of electronic items and is a service-oriented electronic retail chain having a dominant presence in India’s Bihar, with over 50 percent market share.
With a developed network of 150 outlets, Aditya Vision Limited operates in various locations in Bihar, Jharkhand, and Eastern UP. It is present throughout Bihar, with 20 out of the 24 districts in Jharkhand, and 14 out of 75 districts in Uttar Pradesh.
Aditya Vision’s management aims to establish its footprint in all districts in the Hindi heartland, primarily focusing on highly populated districts, with plans to invest in developing and enhancing its brand image through various brand-building efforts, communication, and promotional initiatives such as TV, media, and many more by organizations and participation in industry events.
As of Q1FY25, Ace Investor Ashish Kacholia holds a 1.59 percent stake in Aditya Vision Limited consisting of 2.04 Lakh Equity shares. He made a fresh investment in March 2023 by purchasing a 1.11 percent stake consisting of 1.33 lakh equity shares.
Financials and Ratios
Its Revenue from operations grew by 38.61 percent from Rs. 641 Crores in Q1FY24 to Rs. 889 Crores in Q1FY25, accompanied by profits of Rs. 37 Crores to Rs. 53 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 25.3 percent, and a return on capital employed (ROCE) of 21.8 percent. It has reported a debt-to-equity ratio of 0.65.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
