Innovision Limited
NSE: INNOVISIONRoad AssetsToll, Annuity, Hybrid-Annuity
Share price
₹252.85
-1.23% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
49
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹607 Cr
P/E ratio
35.7
P/B ratio
2.0
ROCE
20.3%
ROE
19.6%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
It grew 54.2% a year against a sector median of 9.8% — 44.4 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.6 times its growth rate, on earnings growth of 63%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Innovision Limited — this one | 63%/yr | 35.7× | ₹0.57 |
| BF Utilities Limited | -24%/yr | — | — |
| Highway Infrastructure Limited | 40%/yr | 13.2× | ₹0.33 |
| Noida Toll Bridge Company Limited | 40%/yr | 2.5× | ₹0.06 |
| Gayatri Highways Limited | 26%/yr | — | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Road AssetsToll, Annuity, Hybrid-Annuity), it ranks 2 of 5 on returns, 1 of 5 on growth, 2 of 5 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 20.3% on capital, ahead of 60% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹36 crore of cash before any plant spend, funded from lenders and shareholders. And the profit is not backed by cash: it reported a profit over 5 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being paid 9 days before it paid its own suppliers to waiting 18 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 9 checks clear · 78%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 12 Aug 2026 · Consolidated · Unaudited
Revenue
₹264 Cr
Revenue vs last quarter
-1.6%
Net profit
-₹7 Cr
Profit vs last quarter
-161.3%
Net margin
-2.8%
EPS
₹-2.85
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹607 Cr
- Prev close
- ₹252.85
- 52w High
- ₹470
- 52w Low
- ₹246
- Enterprise value
- ₹508 Cr
- Beta
- 0.7
- Price CAGR 1y
- —
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 7.6%
- PEG ratio
- 0.6
- P/E ratio
- 35.7
- P/B ratio
- 2.0
- EV / EBITDA
- 13.2
- Industry P/E
- 19.9
- ROCE
- 20.3%
- ROCE 5y average
- 24.8%
- ROE
- 19.6%
- Debt / Equity
- 0.4
- Interest coverage
- 4.5
- Dividend yield
- 0.0%
- ROE 3y average
- 25.0%
- ROE last year
- 20.0%
Annual P&L
- Annual revenue
- ₹981 Cr
- Annual profit
- ₹36 Cr
- Operating margin
- 6.0%
- Net profit margin
- 3.7%
- EBITDA margin
- 5.6%
- Sales growth 3y
- 56.5%
- Sales growth 5y
- —
- Profit growth 3y
- 63.0%
- Profit growth 5y
- —
- EPS
- ₹15.5
- Sales growth TTM
- 10.0%
- Profit growth TTM
- 26.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹264 Cr
- Profit latest quarter
- -₹7 Cr
- YoY quarterly sales growth
- 18.3%
- YoY quarterly profit growth
- -159.4%
- OPM latest quarter
- -3.8%
Balance Sheet
- Book Value
- ₹123
- Face Value
- ₹10.0
- Total debt
- ₹125 Cr
- Total cash
- ₹219 Cr
- Borrowings
- ₹125 Cr
- Reserves / Equity
- 11.3
Cash Flow
- Operating cash flow
- -₹28 Cr
- Free cash flow
- -₹31 Cr
- FCF yield
- -7.3%
- Net cash flow
- ₹44 Cr
Shareholding
- Promoter holding
- 74.2%
- FII holding
- 0.4%
- DII holding
- 5.2%
- Public holding
- 20.2%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| National High | 168.00 | 40.8 | 32,539 | 2.51 | 234.5 | 93.0 | 1,311.9 | 28.3 | 4.4 |
| Cube Highways | 154.85 | 75.1 | 20,813 | 2.55 | 61.1 | 13184.8 | 1,126.6 | 19.3 | 6.4 |
| Vertis Infra. | 115.75 | 20.0 | 17,478 | 2.81 | 342.5 | 186.1 | 1,053.2 | 26.9 | 11.0 |
| Interise | 111.85 | 252.1 | 11,659 | 2.06 | 31.6 | 14.9 | 869.8 | -2.9 | 10.8 |
| Maple Inf. Trust | 145.00 | 9,981 | 10.21 | -54.5 | -260.1 | 659.5 | 172.4 | 5.4 | |
| Indus Inf. Trust | 131.01 | 20.4 | 8,005 | 3.22 | 129.4 | 7.3 | 284.8 | 52.8 | 6.8 |
| RaajMarg Infra | 121.00 | 7,260 | 1.98 | 201.1 | 266.8 | ||||
| Innovision | 256.00 | 35.4 | 610 | 0.00 | -7.4 | -156.5 | 263.8 | 18.3 | 20.3 |
| Median | 118.38 | 20.4 | 7,115 | 2.47 | 46.8 | 11.1 | 334.6 | 26.9 | 6.9 |
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 228 | 252 | 223 | 257 | 233 | 268 | 264 |
| Expenses | 221 | 232 | 207 | 246 | 223 | 250 | 274 |
| Material Cost | 0 | 157 | 0.05 | ||||
| Change in Inventories | -0.17 | 0.64 | -0.08 | ||||
| Purchases of Stock-in-Trade | 0.17 | 0.11 | 180 | ||||
| Employee Cost | 90 | 87 | 87 | ||||
| Other Expenses | 133 | 5.59 | 7.27 | ||||
| Operating Profit | 7.55 | 20 | 16 | 11 | 11 | 17 | -10 |
| OPM % | 3.31 | 7.83 | 7.18 | 4.44 | 4.59 | 6.43 | -3.82 |
| Other Income | 0.73 | 0.83 | 1.19 | 1.93 | 1.47 | 1.26 | 3.48 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | ||||
| Interest | 2.33 | 3.52 | 2.85 | 3.03 | 3.56 | 3.71 | 3.41 |
| Depreciation | 0.72 | 0.68 | 0.52 | 0.56 | 0.58 | 0.60 | 0.50 |
| Profit before tax | 5.23 | 16 | 14 | 9.75 | 8.03 | 14 | -11 |
| Tax % | 42 | 33 | 10 | 22 | 46 | 16 | -30 |
| Net Profit | 3.04 | 11 | 12 | 7.64 | 4.37 | 12 | -7.35 |
| EPS in Rs | 1.65 | 5.84 | 6.60 | 4.16 | 2.37 | 5.01 | -2.96 |
| Diluted EPS in Rs | 2.97 | 5.86 | -2.85 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 210 | 256 | 510 | 893 | 981 | 1,022 |
| Expenses | 202 | 241 | 492 | 844 | 925 | 992 |
| Material Cost | 545 | |||||
| Change in Inventories | -0.94 | |||||
| Purchases of Stock-in-Trade | 1.69 | |||||
| Employee Cost | 364 | |||||
| Other Expenses | 15 | |||||
| Operating Profit | 7 | 14 | 18 | 49 | 55 | 29 |
| OPM % | 3.50 | 6 | 3.50 | 5 | 6 | 2.90 |
| Other Income | 1 | 2 | 2 | 3 | 6 | 8 |
| Exceptional items (within Other Income) | 0 | |||||
| Interest | 4 | 5 | 7 | 10 | 13 | 14 |
| Depreciation | 1 | 1 | 2 | 3 | 2 | 2 |
| Profit before tax | 4 | 10 | 11 | 39 | 46 | 21 |
| Tax % | 9 | 14 | 6 | 26 | 21 | |
| Net Profit | 4 | 9 | 10 | 29 | 36 | 17 |
| EPS in Rs | 30 | 66 | 5.49 | 16 | 16 | 8.58 |
| Diluted EPS in Rs | 17 | |||||
| Dividend Payout % | -0 | -0 | -0 | -0 | -0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- 56%
- TTM
- 10%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- 63%
- TTM
- 26%
Return on equity
- 10 years
- —
- 5 years
- 24%
- 3 years
- 25%
- Last year
- 20%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 19 | 19 | 24 |
| Reserves | 29 | 39 | 34 | 63 | 270 |
| Borrowings | 34 | 34 | 49 | 79 | 125 |
| Other Liabilities | 29 | 34 | 56 | 59 | 55 |
| Minority Interest | 0 | ||||
| Total Liabilities | 94 | 108 | 157 | 220 | 474 |
| Fixed Assets | 5 | 6 | 13 | 12 | 15 |
| CWIP | -0 | -0 | -0 | -0 | -0 |
| Investments | 1 | 0 | 0 | 0 | 0 |
| Other Assets | 88 | 102 | 144 | 208 | 459 |
| Total Assets | 94 | 108 | 157 | 220 | 474 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from Operating Activity | 5 | 3 | 6 | -22 | -28 |
| Cash from Investing Activity | -3 | 1 | -34 | 2 | -134 |
| Cash from Financing Activity | -4 | -4 | 9 | 23 | 206 |
| Net Cash Flow | -2 | 0 | -19 | 3 | 44 |
| Free Cash Flow | 4 | 2 | -0 | -23 | -31 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 81 | 80 | 45 | 44 | 59 |
| Cash Conversion Cycle | 81 | 80 | 45 | 44 | 59 |
| Working Capital Days | -9 | 11 | -3 | 7 | 18 |
| ROCE % | 22 | 20 | 37 | 20 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Innovision Limited. Open one to see why it matters.
8 Sept, 18:05 IST · Company event · medium impact
Innovision Limited has won a new order or contract
3 Sept, 18:05 IST · Company event · medium impact
Innovision Limited has won a new order or contract
29 Aug, 18:05 IST · Company event · medium impact
Innovision Limited has won a new order or contract
21 Aug, 18:05 IST · Company event · medium impact
Innovision Limited has won a new order or contract
12 Aug, 18:05 IST · Company event · medium impact
Innovision Limited has won a new order or contract
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
staffs for
Buys from
- Emkay Global Financial Services Limited · investment banking - Sole Merchant Banker for the Rs 319 crore IPO (FY2025-26)
Sells to
- Max Healthcare Institute · manned private security and integrated facility management manpower
- National Highways Authority of India (NHAI) · toll plaza management - user fee collection and allied services at NHAI plazas
- Sequel Logistics · manned private security and integrated facility management manpower
- Stellar Value Chain Solutions · manned private security and integrated facility management manpower
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Services
- Industry
- Road AssetsToll, Annuity, Hybrid-Annuity
- Classification
- Services › Road AssetsToll, Annuity, Hybrid-Annuity
- ISIN
- INE0ADB01012
Plants
- Rewari security training centre
News impact
Big market events that reach Innovision Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
No dividends, splits or big trades on record.
Documents
Annual reports, results presentations and earnings calls, straight from the source.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.