Innovision Ltd.

•

₹ 264.55-1.82%

2026-08-21

innovision.co.inBSE: 544732NSE: INNOVISION

Market Cap₹ 636 Cr.

Current Price₹ 269

High / Low₹ 470 / 264

Stock P/E17.2

Book Value₹ 120

Price to Book2.24

Dividend Yield0.00 %

ROCE37.6 %

ROE43.3 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Toll Collection: 56.2% • Security Service: 41.4% • Skills, Training and Development Income: 2.5%

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 29.2%
Company has a healthy return on capital (ROCE) of 26.4%
Company converts assets efficiently - asset turnover of 4.6x

CONS

Recent results are weak - TTM profit is down 420.8% 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)
Total debt has risen sharply - up 64.2% year on year
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

ServicesBusiness ServicesProfessional Services

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	URBANCO	147.40	0.00	22731.74	0.00	-921.20	-13373.78	5283.40	1338.56	-8.23	-18.44
2.	BLS	271.30	15.83	11170.53	0.92	201.62	11.41	890.53	25.33	41.51	28.34
3.	SIS	413.85	39.92	5848.98	1.69	101.66	9.37	4603.58	29.73	7.39	4.66
4.	QUESS	336.50	19.90	5025.96	3.27	82.12	61.07	4181.68	14.52	24.72	2.02
5.	BLSE	314.00	49.09	2852.89	0.16	18.63	6.30	304.09	24.63	17.52	6.98
6.	TEAMLEASE	1239.85	12.80	1894.66	0.00	34.45	37.74	3034.69	4.96	14.52	1.05
7.	BLUSPRING	119.80	0.00	1791.04	0.00	-1.58	77.90	949.29	19.07	1.32	2.17
8.	KAPSTON	523.40	52.23	1592.82	0.00	84.89	1284.83	2216.57	1062.33	13.16	6.56
9.	UDS	216.75	16.72	1451.21	0.00	30.28	4.47	764.29	9.15	9.99	5.54
10.	GCSL	522.95	46.36	1263.41	0.13	12.80	1240.31	37.52	70.71	21.85	46.76
11.	KRYSTAL	628.70	14.31	878.42	0.24	17.41	5.92	360.71	11.65	17.52	6.33
12.	INNOVISION	266.95	17.22	635.70	0.00	-73.55	-771.26	2638.15	948.03	37.59	-3.82

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	228	252	223	233	268	264
	221	232	210	223	250	278
Operating Profit	—	—	—	—	—	—
OPM %	—	—	—	—	—	—
Other Income	1	1	1	1	1	3
Interest	2	4	3	4	4	3
Depreciation	1	1	1	1	1	1
	5	16	14	8	14	-11
Tax %	41.79%	32.97%	10.53%	45.58%	16.11%	29.99%
Net Profit	0	0	12	4	12	-7
	2	6	1	3	6	-0
Equity Capital	19	19	19	19	24	24
Reserves	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	19	19	19	19	24	24
Reserves	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Dec 2024

: 228
: 221
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 1
: 5
Tax %: 41.79%
Net Profit: 0
: 2
Equity Capital: 19
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 19
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 252
: 232
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 1
: 16
Tax %: 32.97%
Net Profit: 0
: 6
Equity Capital: 19
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 19
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 223
: 210
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 3
Depreciation: 1
: 14
Tax %: 10.53%
Net Profit: 12
: 1
Equity Capital: 19
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 19
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 233
: 223
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 1
: 8
Tax %: 45.58%
Net Profit: 4
: 3
Equity Capital: 19
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 19
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 268
: 250
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 1
: 14
Tax %: 16.11%
Net Profit: 12
: 6
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 264
: 278
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 3
Depreciation: 1
: -11
Tax %: 29.99%
Net Profit: -7
: -0
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	TTM
	256	510	893	988
	241	492	844	961
Operating Profit	16	20	52	—
OPM %	6	4	6	—
Other Income	2	2	3	7
Interest	5	7	10	14
Depreciation	1	2	3	2
	10	11	39	26
Tax %	14	6	25	17
Net Profit	9	10	29	21
EPS	5	5	16	—
Dividend Payout %	0	0	0	—
Minority Interest	0	0	0	-0
Share of Associates	0	0	0	0
Adjusted EPS	5	5	16	—
Minority Interest	0	0	0	-0
Share of Associates	0	0	0	0
Adjusted EPS	5	5	16	—

Mar 2023

: 256
: 241
Operating Profit: 16
OPM %: 6
Other Income: 2
Interest: 5
Depreciation: 1
: 10
Tax %: 14
Net Profit: 9
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2024

: 510
: 492
Operating Profit: 20
OPM %: 4
Other Income: 2
Interest: 7
Depreciation: 2
: 11
Tax %: 6
Net Profit: 10
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2025

: 893
: 844
Operating Profit: 52
OPM %: 6
Other Income: 3
Interest: 10
Depreciation: 3
: 39
Tax %: 25
Net Profit: 29
EPS: 16
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16

TTM

: 988
: 961
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 14
Depreciation: 2
: 26
Tax %: 17
Net Profit: 21
EPS: —
Dividend Payout %: —
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 29%
Last Year:: 43%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-
Equity Capital	1	19	19
	39	34	63
	24	33	69
Trade Payables	1	2	2
	43	71	79
Total Liabilities	108	159	232
ASSETS	-	-	-
	3	8	7
	0	63	107
Cash & Bank	26	35	41
	79	53	78
Total Assets	108	159	232
Total Debt	33	48	79
Net Working Capital	34	31	57
Contingent Liabilities	13	30	41
Book Value per Share	298.19	27.75	43.54
Face Value	10.00	10.00	10.00
Total Debt	33	48	79
Net Working Capital	34	31	57
Contingent Liabilities	13	30	41
Book Value per Share	298.19	27.75	43.54
Face Value	10.00	10.00	10.00

Mar 2023

Equity Capital: 1
: 39
: 24
Trade Payables: 1
: 43
Total Liabilities: 108
: 3
: 0
Cash & Bank: 26
: 79
Total Assets: 108
Total Debt: 33
Net Working Capital: 34
Contingent Liabilities: 13
Book Value per Share: 298.19
Face Value: 10.00
Total Debt: 33
Net Working Capital: 34
Contingent Liabilities: 13
Book Value per Share: 298.19
Face Value: 10.00

Mar 2024

Equity Capital: 19
: 34
: 33
Trade Payables: 2
: 71
Total Liabilities: 159
: 8
: 63
Cash & Bank: 35
: 53
Total Assets: 159
Total Debt: 48
Net Working Capital: 31
Contingent Liabilities: 30
Book Value per Share: 27.75
Face Value: 10.00
Total Debt: 48
Net Working Capital: 31
Contingent Liabilities: 30
Book Value per Share: 27.75
Face Value: 10.00

Mar 2025

Equity Capital: 19
: 63
: 69
Trade Payables: 2
: 79
Total Liabilities: 232
: 7
: 107
Cash & Bank: 41
: 78
Total Assets: 232
Total Debt: 79
Net Working Capital: 57
Contingent Liabilities: 41
Book Value per Share: 43.54
Face Value: 10.00
Total Debt: 79
Net Working Capital: 57
Contingent Liabilities: 41
Book Value per Share: 43.54
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
	3	6	-22
Cash from Investing	1	-34	2
Cash from Financing	-4	9	23
	0	-19	3
Free Cash Flow	3	0	-23
OCF / Net Profit	0.39	0.62	-0.75
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.39	0.62	-0.75
Cumulative 5-Year FCF	0	0	0

Mar 2023

: 3
Cash from Investing: 1
Cash from Financing: -4
: 0
Free Cash Flow: 3
OCF / Net Profit: 0.39
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.39
Cumulative 5-Year FCF: 0

Mar 2024

: 6
Cash from Investing: -34
Cash from Financing: 9
: -19
Free Cash Flow: 0
OCF / Net Profit: 0.62
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.62
Cumulative 5-Year FCF: 0

Mar 2025

: -22
Cash from Investing: 2
Cash from Financing: 23
: 3
Free Cash Flow: -23
OCF / Net Profit: -0.75
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.75
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-
EPS (₹)	65.79	5.49	15.86
Book Value (₹)	298.19	27.75	43.54
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	5.18	6.36	16.77
PROFITABILITY	-	-	-
Operating Margin %	6.40%	3.50%	5.48%
Net Margin %	3.48%	2.01%	3.27%
ROE %	22.06%	22.16%	43.29%
ROCE %	21.01%	20.57%	37.59%
	8.20%	7.70%	14.94%
EFFICIENCY	-	-	-
Debtor Days	80	43	35
Inventory Days	0	0	0
Payable Days	0	0	0
	80	43	35
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.83x	0.92x	0.96x
Interest Coverage (x)	3.00x	2.58x	4.83x
	1.61x	1.33x	1.45x
GROWTH	-	-	-
Revenue Growth %	0.00%	99.69%	75.01%
Operating Profit Growth %	0.00%	20.16%	163.25%
Net Profit Growth %	0.00%	15.65%	183.95%
	0.00%	-91.66%	189.07%
VALUATION	-	-	-
P/E (x)	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%
	0.00x	1.65x	1.11x

Mar 2023

EPS (₹): 65.79
Book Value (₹): 298.19
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.18
Operating Margin %: 6.40%
Net Margin %: 3.48%
ROE %: 22.06%
ROCE %: 21.01%
: 8.20%
Debtor Days: 80
Inventory Days: 0
Payable Days: 0
: 80
Debt to Equity (x): 0.83x
Interest Coverage (x): 3.00x
: 1.61x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 5.49
Book Value (₹): 27.75
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.36
Operating Margin %: 3.50%
Net Margin %: 2.01%
ROE %: 22.16%
ROCE %: 20.57%
: 7.70%
Debtor Days: 43
Inventory Days: 0
Payable Days: 0
: 43
Debt to Equity (x): 0.92x
Interest Coverage (x): 2.58x
: 1.33x
Revenue Growth %: 99.69%
Operating Profit Growth %: 20.16%
Net Profit Growth %: 15.65%
: -91.66%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 1.65x

Mar 2025

EPS (₹): 15.86
Book Value (₹): 43.54
Dividend per Share (₹): 0.00
Cash EPS (₹): 16.77
Operating Margin %: 5.48%
Net Margin %: 3.27%
ROE %: 43.29%
ROCE %: 37.59%
: 14.94%
Debtor Days: 35
Inventory Days: 0
Payable Days: 0
: 35
Debt to Equity (x): 0.96x
Interest Coverage (x): 4.83x
: 1.45x
Revenue Growth %: 75.01%
Operating Profit Growth %: 163.25%
Net Profit Growth %: 183.95%
: 189.07%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 1.11x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2026	Jun 2026
	74.17	74.17
	2.24	0.38
	5.02	5.21
Government	0.00	0.00
	18.57	20.24

Mar 2026

: 74.17
: 2.24
: 5.02
Government: 0.00
: 18.57

Jun 2026

: 74.17
: 0.38
: 5.21
Government: 0.00
: 20.24

Documents

Announcements

Press Release
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
Copy of Newspaper Publication
2026-08-13 - Innovision Limited has informed the Exchange about Copy of Newspaper Publication

Annual Reports

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls

Jul 2026
TranscriptPPTREC
May 2026
TranscriptPPTREC