#AdityaVision is a multi-brand electronics retailer operating in Bihar and Jharkhand. It’s like the Croma/Reliance digital of the region and has a market share of 50%. It has grown from 1 store in 1999 to ~95 stores today.
sovrenn.com
sovrenn.com
Products: It deals in all electronic appliances such as TVs, Air-conditioners, geysers, mobiles, laptops, smart watches, home theatres, cooktops, refrigerators etc. Basically, all electronic appliances you have in your house.
Past Track Record: The company has a great track record and has increased revenue from 69 Cr in 2012 to 899 Cr in 2022 at a CAGR of 29% for 10 years. Gross margins have inc from 6% to 16% in the same period.
Growth Plans: It plans to increase the store count from ~95 today to 150 in FY25. The company has a good track record of increasing the store count. It is also expanding in regions of Jharkhand and Eastern UP. Average same store growth for the company has been 17% for 2018-22.
Unit Economics: This is a 15% gross margin business with 50 L required to setup a store and ~2 Cr required as working capital per store. 6 months is the store level breakeven as sales pickup and 3 years is the average payback period of initial investment in store setup.
Promoter: Yashovardhan Sinha is a first generation entrepreneur with 39 years of work experience. He has a great track record in scaling up profits for #AdityaVision. He seems ambitious with his vision for Aditya Vision.
Bulk Deals: Ashish Kacholia and his firm Himalaya Investments recently purchased ~1.7% of #AdityaVision last month at a price of ~1450. Current market price is 1413.
Q3 Results: #AdityaVision posted the best ever Q3 results with revenue of 318 Cr, operating profit of 36 Cr and Net profit of 20 Cr [40% YOY revenue growth and 25% YOY net profit growth]
This is a basic thread on how you visualise a business, it’s products, past track record, growth plans, about the entrepreneur and HNI investor interest in the business. Please retweet if you liked the post 😀
#Paramsewa #Sovrenn #AtmaNirbhaBhartiya #StockMarketindia
#Paramsewa #Sovrenn #AtmaNirbhaBhartiya #StockMarketindia
Please note that this is not a buy/ sell recommendation. This is a collation of publicly available information on the company.
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