ADITYA VISION 2024-25 Annual Report Analysis

Thu, 24 Jul

ADITYA VISION has announced its results for the year ended March 2025. Let us have a look at the detailed performance review of the company during FY24-25.

ADITYA VISION Income Statement Analysis

• Operating income during the year rose 29.6% on a year-on-year (YoY) basis.
• The company's operating profit increased by 21.8% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 9.0% in FY25 as against 9.6% in FY24.
• Depreciation charges increased by 29.5% and finance costs decreased by 18.2% YoY, respectively.
• Other income grew by 19.2% YoY.
• Net profit for the year grew by 36.9% YoY.
• Net profit margins during the year grew from 4.4% in FY24 to 4.7% in FY25.

ADITYA VISION Income Statement 2024-25

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Net Sales	Rs m	17,433	22,598	29.6%
Other income	Rs m	65	78	19.2%
Total Revenues	Rs m	17,498	22,676	29.6%
Gross profit	Rs m	1,675	2,041	21.8%
Depreciation	Rs m	286	370	29.5%
Interest	Rs m	388	317	-18.2%
Profit before tax	Rs m	1,067	1,431	34.2%
Tax	Rs m	296	376	27.1%
Profit after tax	Rs m	771	1,055	36.9%
Gross profit margin	%	9.6	9.0
Effective tax rate	%	27.7	26.3
Net profit margin	%	4.4	4.7

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ADITYA VISION Balance Sheet Analysis

• The company's current liabilities during FY25 stood at Rs 5 billion as compared to Rs 2 billion in FY24, thereby witnessing an increase of 118.8%.
• Current assets rose 56% and stood at Rs 9 billion, while fixed assets rose 7% and stood at Rs 3 billion in FY25.
• Overall, the total assets and liabilities for FY25 stood at Rs 12 billion as against Rs 9 billion during FY24, thereby witnessing a growth of 40%.

ADITYA VISION Balance Sheet as on March 2025

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Networth	Rs m	4,781	5,724	19.7
Current Liabilities	Rs m	2,097	4,587	118.8
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	8,690	12,157	39.9
Current assets	Rs m	5,862	9,132	55.8
Fixed Assets	Rs m	2,828	3,025	7.0
Total Assets	Rs m	8,690	12,157	39.9

ADITYA VISION Cash Flow Statement Analysis

• ADITYA VISION's cash flow from operating activities (CFO) during FY25 stood at Rs -408 million, an improvement of 566.8% on a YoY basis.
• Cash flow from investing activities (CFI) during FY25 stood at Rs -447 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY25 stood at Rs 940 million, an improvement of 38% on a YoY basis.
• Overall, net cash flows for the company during FY25 stood at Rs 86 million from the Rs 140 million net cash flows seen during FY24.

ADITYA VISION Cash Flow Statement 2024-25

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-24	Mar-25
Cash Flow from Operating Activities	Rs m	-61	-408	-
Cash Flow from Investing Activities	Rs m	-482	-447	-
Cash Flow from Financing Activities	Rs m	684	940	37.6%
Net Cash Flow	Rs m	140	86	-39.0%

Current Valuations for ADITYA VISION

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 82.0, an improvement from the EPS of Rs 60.1 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 394.5, stands at 48.1 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 8.9 times, while the price to sales ratio stands at 0.2 times.
• The company's price to cash flow (P/CF) ratio stood at 3.9 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Sales per share (Unadj.)	Rs	1,359.8	1,755.8
TTM Earnings per share	Rs	60.1	82.0
Diluted earnings per share	Rs	6.0	8.2
Price to Cash Flow	x	41.8	3.9
TTM P/E ratio	x	57.4	48.1
Price / Book Value ratio	x	7.0	1.0
Market Cap	Rs m	33,646	5,524
Dividends per share (Unadj.)	Rs	1.4	1.1

Ratio Analysis for ADITYA VISION

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 2.0x during FY25, from 2.8x during FY24. The current ratio measures the company's ability to pay short-term and long-term obligations.

Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 5.5x during FY25, from 3.8x during FY24. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company improved and stood at 18.4% during FY25, from 16.1% during FY25. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 30.5% during FY25, from 30.4% during FY24. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

Return on Assets (ROA): The ROA of the company declined and down at 11.3% during FY25, from 13.3% during FY24. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Current ratio	x	2.8	2.0
Debtors’ Days	Days	1	0
Interest coverage	x	3.8	5.5
Debt to equity ratio	x	0.0	0.0
Return on assets	%	13.3	11.3
Return on equity	%	16.1	18.4
Return on capital employed	%	30.4	30.5

To see how ADITYA VISION has performed over the last 5 years, please visit here.

ADITYA VISION Share Price Performance

Over the last one year, ADITYA VISION share price has moved down from Rs 486.7 to Rs 394.5, registering a loss of Rs 92.2 or around 19.0%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 60,155.5 (down 0.2%). Over the last one year it has moved up from 59,666.0 to 60,155.5, a gain of 490 points (up 0.8%).

Overall, the S&P BSE SENSEX is up 2.0% over the year.

(To know more, check out historical annual results for ADITYA VISION and quarterly results for ADITYA VISION)