Innovision Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Toll Collection: 56.2% • Security Service: 41.4% • Skills, Training & Development Income: 2.5%
AI Sector View
AI GENERATEDServices
Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%
- Company has a healthy return on capital (ROCE) of 27.6%
- Attractively priced for its growth - PEG of 0.2
- Company converts assets efficiently - asset turnover of 4.6x
CONS
- Recent results are weak - TTM profit is down 231.1% versus prior year
- Operating cash flow has been negative in recent years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.25x)
- Equity base is being diluted - shares outstanding up 1300.0%
- Total debt has risen sharply - up 64.2% year on year
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| URBANCO | 171.55 | 0.00 | 26456.11 | 0.00 | -921.20 | -13373.78 | 5283.40 | 1338.56 | -8.23 | -18.44 |
| BLS | 236.40 | 13.79 | 9733.56 | 1.06 | 201.62 | 11.41 | 890.53 | 25.33 | 36.54 | 28.34 |
| SIS | 426.45 | 41.14 | 6027.71 | 1.64 | 101.66 | 9.37 | 4603.58 | 29.73 | 7.39 | 4.66 |
| QUESS | 354.55 | 20.97 | 5296.48 | 3.10 | 82.12 | 61.07 | 4181.68 | 14.52 | 24.72 | 2.02 |
| BLSE | 320.80 | 50.15 | 2914.68 | 0.31 | 18.63 | 6.30 | 304.09 | 24.63 | 18.67 | 6.98 |
| TEAMLEASE | 1282.60 | 13.24 | 1959.99 | 0.00 | 34.45 | 37.74 | 3034.69 | 4.96 | 16.22 | 1.05 |
| BLUSPRING | 130.50 | 100.21 | 1951.00 | 0.00 | -1.58 | 77.90 | 949.29 | 19.07 | 1.32 | 2.17 |
| KAPSTON | 564.30 | 56.31 | 1717.29 | 0.00 | 84.89 | 1284.83 | 2216.57 | 1062.33 | 13.16 | 6.56 |
| GCSL | 602.25 | 53.39 | 1455.00 | 0.12 | 128.00 | 1240.31 | 375.21 | 70.67 | 21.85 | 46.76 |
| UDS | 207.05 | 15.97 | 1386.27 | 0.00 | 30.28 | 4.47 | 764.29 | 9.15 | 9.99 | 5.54 |
| KRYSTAL | 634.15 | 14.44 | 886.03 | 0.24 | 17.41 | 5.92 | 360.71 | 11.65 | 16.36 | 6.33 |
| INNOVISION | 279.85 | 18.05 | 666.42 | 0.00 | -73.55 | -771.26 | 2638.15 | 948.03 | 37.59 | -3.82 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|
| 228 | 252 | 223 | 233 | 266 | 264 | |
| 220 | 231 | 210 | 222 | 249 | 277 | |
| Operating Profit | 8 | 20 | 13 | 11 | 17 | -13 |
| OPM % | 3.48% | 8.02% | 5.81% | 4.64% | 6.50% | -5.06% |
| 1 | 1 | 1 | 1 | 1 | 3 | |
| Interest | 2 | 4 | 3 | 4 | 4 | 3 |
| Depreciation | 1 | 1 | 0 | 1 | 1 | 0 |
| Profit before Tax | 6 | 17 | 14 | 8 | 14 | -10 |
| Tax % | 38.39% | 32.96% | 10.32% | 43.71% | 16.50% | 31.98% |
| Net Profit | 4 | 11 | 13 | 5 | 12 | -7 |
| 1.87 | 6.08 | 6.87 | 3.09 | 5.88 | -2.57 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 210 | 256 | 510 | 893 | 986 | |
| 202 | 241 | 492 | 843 | 958 | |
| Operating Profit | 7 | 14 | 18 | 50 | 28 |
| OPM % | 3.47% | 5.62% | 3.54% | 5.64% | 2.81% |
| 1 | 2 | 2 | 3 | 7 | |
| Interest | 4 | 5 | 7 | 10 | 14 |
| Depreciation | 1 | 1 | 2 | 2 | 2 |
| Profit before Tax | 4 | 11 | 11 | 41 | 27 |
| Tax % | 9.06% | 21.91% | -1.34% | 24.37% | 15.86% |
| Net Profit | 4 | 8 | 11 | 31 | 23 |
| EPS | 2.34 | 4.65 | 5.99 | 16.25 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 62%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 96%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 32%
- Last Year:
- 46%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 1 | 1 | 19 | 19 |
| 29 | 38 | 34 | 65 | |
| 33 | 33 | 44 | 76 | |
| Trade Payables | 1 | 1 | 2 | 2 |
| 29 | 35 | 60 | 73 | |
| Total Liabilities | 94 | 108 | 159 | 234 |
| 3 | 3 | 8 | 7 | |
| 1 | 0 | 0 | 0 | |
| 0 | 0 | 63 | 107 | |
| Cash & Bank | 25 | 26 | 35 | 41 |
| 65 | 79 | 53 | 80 | |
| Total Assets | 94 | 108 | 159 | 234 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 6 | 3 | 6 | -22 | |
| Cash from Investing | -3 | 1 | -34 | 2 |
| Cash from Financing | -4 | -4 | 9 | 23 |
| -2 | 0 | -19 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - Innovision Limited has informed the Exchange regarding a press release dated September 09, 2026, titled "Innovision Ltd secures Two New NHAI Toll Plaza Mandates in Madhya Pradesh".
2026-09-08 - Innovision Limited has informed the Exchange about Awarding of order(s)/contract(s)
2026-09-08 - Innovision Limited has informed the Exchange about Awarding of order(s)/contract(s)
2026-09-03 - Innovision Limited has informed the Exchange about Action(s) initiated or orders passed
2026-09-03 - Innovision Limited has informed the Exchange about Awarding of order(s)/contract(s)
2026-08-29 - Innovision Limited has informed the Exchange about Awarding of order(s)/contract(s)
2026-08-26 - Innovision Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-21 - Innovision Limited has informed the Exchange about Awarding of order(s)/contract(s)
2026-08-13 - Innovision Limited Reports Q1 FY27 Total Income of ₹263.82 Cr, Up 18.29% YoY;Reports EBITDA Loss of ₹10.08 Cr and PAT Loss of ₹7.36 Cr; Toll Orderbook Crosses₹1,214 Cr
News
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Innovision Ltd.
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