The share price of the multi-brand electronics retailer rose by 3.3 percent to an intraday high of Rs 4,740.00 per share on Thursday after announcing a stock split with a ratio of 1:10.
Share Price Movement: With a market capitalization of Rs 5,766.81 crores, the shares of Aditya Vision Limited tumbled by 1.27 percent at 3:10 pm and closed at Rs 4,515 apiece on Thursday’s market session. The stocks of Aditya Limited generated a multi-bagger return of 182 percent over the past year and 36 percent during the past six months.
What Happened: According to Aditya Vision Limited exchange filings, the board has announced a stock split with a ratio of 1:10, that one equity share of the company with a face value of Rs. 10 will be split into 10 equity shares with a face value of Rs. 1 each.
Why It Matters: The decision to split the stock aims to increase the trading liquidity of the company’s shares and also to make sure they are accessible for retail and small investors looking to participate in the market.
Financials: Reviewing the financials of Aditya Vision Limited on a year-on-year basis, the revenues increased by 31.8 percent from Rs 1,322 crores in FY23 to Rs 1,743 crores in FY24. In the same time frame, the net profits also increased by 20 percent from Rs 64 crores to Rs 77 crores.
The EBITDA of Aditya grew by 26 percent from Rs 133 crores in FY23 to Rs 167 crores in FY24. The firm is targeting to grow at 20 to 25 percent Revenue CAGR over the next 3 to 5 years.
EPS and Ratios: The Earnings per share (EPS) of Aditya rose by 19 percent from Rs 53.32 in March 2023 to Rs 63.72 in March 2024. As of March 2024, the return on capital employed stood at 21.84 percent, and the return on equity stood at 15.83 percent.
Future Plans: The company has future plans to expand its operations beyond Bihar, Jharkhand, and Uttar Pradesh into the neighboring states of India’s north region, progressing from Eastern UP towards Central UP. The firm also aims to scale its business over the next 3 to 5 years, targeting new markets and consolidating its presence across the region.
Finance Partners: Aditya Vision’s finance partners include firms such as Bajaj Finserv, HDFC Bank, IDFC First Bank, Pine Labs, Paytm, and HDFC Financial Services.
Shareholding Pattern: As of March 2024, the firm’s shareholding pattern stood at 53.43 percent for promoters, 29.67 percent for the public, 9.42 percent for foreign institutional investors, and 7.48 percent for domestic institutional investors. Ace Investor Ashish Kacholia holds 2,39,506 equity shares or 1.87 percent stake in the company as of March 2024.
About the Company: Founded in 1999, Aditya Vision Limited operates as a multi-brand retailer in India’s consumer electronics sector. Specializing in a wide array of electronic goods, the company offers a diverse range of products including consumer electronics, home appliances, mobility solutions, and IT products. The Products are from various brands, such as Samsung, LG, Sony, Haier, Dell, Apple, JBL, Whirlpool, and Voltas.
Written By Zahal.
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