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ADITYA VISION LTD (AVL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹77.7B

AV ADITYA VISION LTD AVL · NSE
Price₹601.35
Fair Value₹169.76
Upside-71.8%
Quality46/100
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Strengths

Low debt · generates free cash flow

Risks

!Trades 254% ABOVE our fair value of ₹169.76
!Mixed Growth (revenue 3y +26.4 %/yr)
!Thin margins · 4.8% net margin
!Mixed vs. peers (7/14)
Mixed Growth (revenue 3y +26.4 %/yr)
Thin margins · 4.8% net margin
Low debt · generates free cash flow
0.19% dividend yield
Mixed vs. peers (7/14)
Moderate moat 53/100
Evidence: High Range ₹103.37 – ₹245.59 Share as image

Fair value as of: Aug 24, 2026

From 26 valuation models · updated today

Fair value updated Aug 24, 2026, revised from ₹153.92 to ₹169.76 (+10.3%) since Aug 13, 2026. Share price −5.4% over the past month.

Below-average quality, and screening another 72% overvalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹245.59). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹103.37 to ₹245.59) leaves room in how you read the outcome.
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Price vs Fair Value (21 months)

₹668.55 ₹336.96 Fair Value ₹169.76 Nov 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.

How to read this chart

21‑month range ₹336.96 – ₹668.55 · fair‑value band ₹103.37 – ₹245.59 · the ₹601.35 price screens above the ₹169.76 fair value. Dashed = 300-day average. As of Aug 24, 2026.

Full chart & analysis →

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Analysis

ADITYA VISION LTD (AVL) currently trades at ₹601.35, while our model-based Fair Value estimate is ₹169.76, implying the stock looks roughly 71.8% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, ADITYA VISION LTD generated revenue of ₹26.7B at a net margin of 4.4%. Revenue grew 28.4% year over year. It earns a return on equity of 18.4%. Net debt stands at ₹5.4B. Fundamentals as of Aug 24, 2026

Our scenario range runs from ₹103.37 (bear case) to ₹245.59 (bull case); at ₹601.35, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 71% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -11% fair-value upside, at -72%, AVL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹50.74 ₹92.37 ₹176.51 80
Residual Income ₹60.48 ₹83.22 ₹337.02 76
Rev-Margin DCF ₹128.13 ₹268.13 ₹540.02 74
All 26 models by family
DCF Models
FCF DCF ₹53.80 ₹83.31 ₹177.28 38
Owner Earnings ₹150.54 ₹339.58 ₹736.42 31
5Y Revenue Exit ₹123.31 ₹235.07 ₹470.92 39
5Y EBITDA Exit ₹116.39 ₹221.08 ₹427.02 41
5Y P/E Exit ₹103.61 ₹245.65 ₹442.14 38
10Y Revenue Exit ₹99.49 ₹269.68 ₹394.83 36
10Y EBITDA Exit ₹100.44 ₹254.78 ₹534.77 37
10Y P/E Exit ₹91.11 ₹227.26 ₹457.84 35
Earnings-Based
Graham-Dodd ₹61.57 ₹429.35 ₹602.54 54
Lynch FV ₹177.14 ₹253.06 ₹328.97 50
PEG = 1.0 ₹177.14 ₹253.06 ₹328.97 46
EPV ₹111.10 ₹129.23 ₹145.09 59
Dividend Discount
Gordon GGM ₹8.99 ₹18.69 ₹29.64 70
DDM Multi-Stage ₹8.99 ₹15.76 ₹19.61 61
Multiples
P/E Multiple ₹115.44 ₹153.92 ₹192.39 63
P/S Multiple ₹115.44 ₹153.92 ₹192.39 58
P/B Multiple ₹115.44 ₹153.92 ₹192.39 55
EV/EBIT ₹154.75 ₹205.55 ₹256.35 53
EV/EBITDA ₹134.70 ₹178.82 ₹222.94 54
EV/Revenue ₹134.43 ₹191.04 ₹247.64 43
Asset-Based
NCAV (Graham) ₹26.65 ₹35.72 ₹53.31 50
Growth DCF
Growth DCF ₹50.74 ₹92.37 ₹176.51 80
Rev-Margin DCF ₹128.13 ₹268.13 ₹540.02 74
Economic Profit
Residual Income ₹60.48 ₹83.22 ₹337.02 76
ROIC Compounder ₹148.95 ₹229.96 ₹291.94 72
Growth Earnings
Growth-Adj P/E ₹205.36 ₹293.37 ₹381.38 68

Widest divergence: Growth Earnings (₹293.37) versus Dividend Discount (₹15.76). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 55.9
P/S ratio 2.91 TTM
Dividend yield 0.2% payout 10.6%
Net margin 4.4% TTM
Return on equity 18.4% TTM
Return on assets 8.7% TTM
More key figures
Profitability
Operating margin 6.4% TTM
EPS (TTM) ₹10.75
Growth
Revenue (TTM) ₹26.7B TTM
Revenue growth (YoY) +28.4% 3y avg +26.4%
EPS growth (YoY) +36.8%
Balance sheet & cash flow
Free cash flow ₹395M FY2026
Net debt ₹5.4B FY2026 · ≈ 13.7 yrs of FCF

Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 46 · Market factors (momentum, volatility) 67

Profitability 59
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 69
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Aditya Vision Limited engages in the retail business of consumer durables and electronics in India. The company sells digital gadgets, such as mobile phones, laptops, and tablets; entertainment solutions, including televisions, sound bars, home theaters, cameras, and accessories; home appliances comprising air conditioners, air coolers, refrigerators, and …

Full company description

Aditya Vision Limited engages in the retail business of consumer durables and electronics in India. The company sells digital gadgets, such as mobile phones, laptops, and tablets; entertainment solutions, including televisions, sound bars, home theaters, cameras, and accessories; home appliances comprising air conditioners, air coolers, refrigerators, and washing machines; and small appliances/cooking and kitchen appliances, including chimneys, air fryers, soup makers, cooktops, and dishwashers, as well as mobility and IT products. Aditya Vision Limited was incorporated in 1999 and is headquartered in Patna, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ADITYA VISION LTD reported revenue of ₹26.7B in FY2026 versus ₹9.0B in FY2022, a compound +31.3%/yr. Reported net income was ₹1.2B in FY2026, compounding +34.9%/yr from FY2022.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹26.7B
Latest YoY
+18.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+26.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+21.1% (21.1 + 0.0)
Revenue +31.3%/yr
FY22 ₹9.0B
FY23 ₹13.2B
FY24 ₹17.4B
FY25 ₹22.6B
FY26 ₹26.7B
Net income +34.9%/yr
FY22 ₹353M
FY23 ₹641M
FY24 ₹771M
FY25 ₹1.1B
FY26 ₹1.2B

AVL screens 72% overvalued. Compare with Alimentation Couche-Tard Inc →

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Cite: Fair Value Calculator (2026). "ADITYA VISION LTD Fair Value". https://www.fairvalue-calculator.com/stock/AVL.NSE

Peer Group

Specialty Retail · 227 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 46 · Bottom 25%
Fair Value upside −70% · Bottom 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 9% · Top 25%
Revenue growth 27% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 55.9× · Pricier than 75% of peers
P/B 11.28× · Pricier than 75% of peers
P/S (TTM) 2.66× · Pricier than 75% of peers
P/FCF 2.0× · Cheaper than median
EV/EBITDA 28.9× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 32
FUTURE100 · sector 25
PAST74 · sector 26
HEALTH100 · sector 95
DIVIDEND4 · sector 52

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).

Stock Price Fair Value vs Fair Value
Alimentation Couche-Tard Inc ATD C$89.93 C$104.32 +16%
Casey's General Stores, Inc CASY $828.38 $398.90 -52%
Williams-Sonoma, Inc WSM $245.15 $162.63 -34%
Ulta Beauty, Inc ULTA $531.89 $475.40 -11%
DICK'S Sporting Goods, Inc DKS $202.66 $181.10 -11%
Best Buy Co BBY $83.00 $108.04 +30%
China Tourism Group 601888 ¥54.97 ¥40.40 -27%
Tractor Supply Company TSCO $36.43 $35.52 -2%
Murphy USA Inc MUSA $574.12 $423.35 -26%
Five Below, Inc FIVE $238.15 $117.29 -51%

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Frequently asked questions

Is ADITYA VISION LTD (AVL) overvalued or undervalued?
As of Aug 24, 2026, our model estimates a fair value of ₹169.76 versus a price of ₹601.35, about −72% (overvalued).
What is the fair value of AVL?
Our model-based fair value for ADITYA VISION LTD is ₹169.76 (as of Aug 24, 2026), built from audited fundamentals. The current price: ₹601.35.
What is the quality score of AVL?
ADITYA VISION LTD has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of ADITYA VISION LTD (AVL)?
ADITYA VISION LTD reported trailing-twelve-month revenue of about ₹26.7B (latest available figure, as of Aug 24, 2026).
What is the net profit margin of AVL?
The net profit margin of ADITYA VISION LTD is about 4.4%, meaning it keeps roughly 4.4% of revenue as net income. Based on the latest reported figures.
Does ADITYA VISION LTD pay a dividend?
ADITYA VISION LTD currently shows a dividend yield of about 0.19% relative to its recent price (as of Aug 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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