Multibagger Alert: Going From SME To Mainboard, Aditya Vision Gave Over 22,000% Returns In Five Years

Aditya Vision Ltd., a multi-brand consumer electronics retail chain based in Bihar, has delivered stellar returns on its stock to investors.

After an IPO, the company was listed on the BSE SME platform in December 2016 at Rs 15.

Aditya Vision migrated its listing from the BSE SME platform to the BSE mainboard in January 2021. Additionally, it made its debut on the NSE Mainboard platform, with shares listed from Nov. 6, 2024.

Stock Return Profile

Aditya Vision's share price has risen 22,702% since June 2020. The scrip has, however, fallen nearly 10% in the last 12 months and 23% year-to-date.

The current market capitalisation is Rs 5,069 crore.

Mutual funds own 9.41% equity as of March. The HDFC Small Cap Fund has a 6.85% stake.

Foreign portfolio investors have a 16.63% stake, of which the US investment management company Capital Group owns 7.77%.

The stock has 25,141 retail investors holding nominal share capital up to Rs 2 lakh. They have a shareholding of 6.71%.

Analyst Recommendation

All seven analysts tracking Aditya Vision have a 'buy' rating on the stock, according to Bloomberg data. The average of a 12-month analyst price target of Rs 520 implies a return potential of 33%.

Financial Performance

Aditya Vision's revenue and profit growth have averaged 24% and 51%, respectively, between the financial years 2021 and 2025, as per Bloomberg data. Operating profitability, expressed in terms of the Ebitda margin, has averaged 9% during this period.

In fiscal 2025, revenue rose nearly 30% to Rs 2,260 crore. Net profit came in at Rs 106 crore, a jump of 36% over the last year.

Business Outlook

Aditya Vision successfully expanded its presence in FY25 by opening 30 new stores, achieving its guidance and bringing the total count to 175. Of these new additions, 15 were in Uttar Pradesh, 5 in Jharkhand, and 10 in Bihar.

Moving forward, the company aims to add 25-30 stores annually, with a strong focus on Uttar Pradesh to leverage its high population density. The company identifies a significant potential for 200 store additions within Uttar Pradesh alone, driven by the state's large area and dense population.