Vision Corporation Ltd

Vision Corporation Ltd

₹ 3.65 -1.88%
18 Apr 4:01 p.m.
About

Incorporated in 1995, Vision Corporation Ltd is engaged in the business of TV Channels, Film making, distribution and related activities.

Key Points

Services Offered:
a) TV Channels:[1] House Full Movies, Multiplex and Movie Plus
b) Film Production:[2] Company creates and distributes theatrical and non theatrical films. Company has signed production agreement with Vision Entertainment Inc, U.S.A. and has also tied up with India Inc., USA [airing Doordarshan in USA] for selling of advertisement.
c) Music Production:[3] Company owns content in various languages such as Hindi, Marathi, Punjabi, Gujarati, Assamese, Oriya, Bengali, Classical, and Instrumental. Company produced and hold rights of 200+ titles of Music albums and Film songs.
d) Movie and Music Trading:[4] Company is involved in financing and worldwide distribution of movies. Company is a sole Rights Holder of 200+ movies in various languages. Company has an agreement with Rajshri Productions for distribution of films.

  • Market Cap 7.29 Cr.
  • Current Price 3.65
  • High / Low 149 / 1.47
  • Stock P/E
  • Book Value 11.0
  • Dividend Yield 0.00 %
  • ROCE 0.09 %
  • ROE 0.04 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.33 times its book value
  • Debtor days have improved from 203 to 83.6 days.
  • Company's working capital requirements have reduced from 338 days to 104 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 25.4%
  • Company has a low return on equity of 0.12% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
5.41 0.76 0.25 0.50 0.84 1.07 0.43 0.43 0.61 7.29 6.39 4.63 4.70
5.49 0.64 0.30 0.51 0.91 1.41 0.39 0.41 0.57 7.24 7.16 4.64 4.60
Operating Profit -0.08 0.12 -0.05 -0.01 -0.07 -0.34 0.04 0.02 0.04 0.05 -0.77 -0.01 0.10
OPM % -1.48% 15.79% -20.00% -2.00% -8.33% -31.78% 9.30% 4.65% 6.56% 0.69% -12.05% -0.22% 2.13%
0.21 -0.09 0.00 0.00 0.00 0.58 0.00 0.00 0.00 0.05 0.00 0.00 0.00
Interest 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.09 0.10 0.01 0.01 0.02 0.12 0.05 0.04 0.04 0.09 0.16 0.11 0.10
Profit before tax 0.04 -0.08 -0.06 -0.02 -0.09 0.12 -0.01 -0.02 0.00 0.01 -0.93 -0.12 0.00
Tax % 25.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.02 -0.08 -0.06 -0.02 -0.09 0.13 0.00 -0.02 0.00 0.02 -0.93 -0.12 0.00
EPS in Rs 0.01 -0.04 -0.03 -0.01 -0.05 0.07 0.00 -0.01 0.00 0.01 -0.47 -0.06 0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
10.10 10.51 7.04 2.77 2.30 1.43 1.84 3.42 4.61 6.14 1.90 7.90 23.01
9.96 10.27 6.83 2.59 2.22 1.30 1.69 3.42 5.18 6.11 2.31 7.81 23.64
Operating Profit 0.14 0.24 0.21 0.18 0.08 0.13 0.15 0.00 -0.57 0.03 -0.41 0.09 -0.63
OPM % 1.39% 2.28% 2.98% 6.50% 3.48% 9.09% 8.15% 0.00% -12.36% 0.49% -21.58% 1.14% -2.74%
0.04 -0.02 0.08 0.08 0.16 0.09 0.07 0.20 0.03 0.12 0.58 0.05 0.05
Interest 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.02 0.01 0.00 0.00 0.00
Depreciation 0.18 0.17 0.26 0.22 0.19 0.17 0.15 0.13 0.13 0.10 0.13 0.12 0.46
Profit before tax 0.00 0.04 0.02 0.03 0.04 0.04 0.06 0.07 -0.69 0.04 0.04 0.02 -1.04
Tax % 0.00% 50.00% 33.33% 50.00% 25.00% 33.33% 28.57% 0.00% 25.00% 0.00% 50.00%
0.00 0.04 0.01 0.02 0.02 0.03 0.04 0.05 -0.69 0.03 0.04 0.01 -1.03
EPS in Rs 0.00 0.02 0.01 0.01 0.01 0.02 0.02 0.03 -0.35 0.02 0.02 0.01 -0.52
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 1%
5 Years: %
3 Years: 20%
TTM: 806%
Compounded Profit Growth
10 Years: 0%
5 Years: %
3 Years: 26%
TTM: -1036%
Stock Price CAGR
10 Years: 19%
5 Years: 21%
3 Years: 27%
1 Year: 89%
Return on Equity
10 Years: %
5 Years: %
3 Years: 0%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 19.97 19.97 19.97 19.97 19.97 19.97 19.97 19.97 19.97 19.97 19.97 19.97
Reserves 2.46 2.50 3.97 3.92 3.80 3.75 3.72 3.68 2.99 3.02 3.00 2.96
0.91 0.47 0.39 0.78 0.79 0.99 0.75 0.45 0.28 0.06 0.35 0.60
2.86 1.92 5.60 4.49 1.87 1.01 1.07 3.59 3.20 3.74 7.47 7.51
Total Liabilities 26.20 24.86 29.93 29.16 26.43 25.72 25.51 27.69 26.44 26.79 30.79 31.04
1.32 1.29 2.80 2.43 2.29 2.13 1.98 1.72 3.44 1.99 1.89 1.77
CWIP 0.42 0.58 0.69 0.75 0.75 0.75 0.75 1.19 0.00 0.00 0.00 0.00
Investments 11.00 11.00 11.00 11.10 11.10 11.00 11.00 11.00 0.00 0.00 0.00 0.00
13.46 11.99 15.44 14.88 12.29 11.84 11.78 13.78 23.00 24.80 28.90 29.27
Total Assets 26.20 24.86 29.93 29.16 26.43 25.72 25.51 27.69 26.44 26.79 30.79 31.04

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.69 0.71 0.31 0.80 -0.11 0.00 0.00 0.96 -2.06 5.47 0.49
-0.09 -0.12 0.08 -0.77 0.15 0.00 0.00 -0.95 2.27 -5.83 -0.47
-0.46 -0.41 -0.40 0.00 -0.01 0.00 0.00 -0.01 0.01 0.00 0.00
Net Cash Flow 0.14 0.18 -0.01 0.03 0.04 0.00 0.00 0.00 0.21 -0.36 0.02

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 19.88 171.56 400.26 809.06 628.43 916.33 720.08 538.96 178.15 130.78 393.82 83.63
Inventory Days 169.22 195.88 405.36 6,002.22
Days Payable 108.39 77.99 441.44 2,257.59
Cash Conversion Cycle 80.71 289.45 364.19 809.06 4,373.06 916.33 720.08 538.96 178.15 130.78 393.82 83.63
Working Capital Days 82.40 295.20 429.81 1,060.74 1,307.65 2,225.73 1,698.04 779.09 444.97 444.66 464.89 104.42
ROCE % 0.00% 0.30% 0.13% 0.16% 0.24% 0.20% 0.28% -2.83% 0.22% 0.17% 0.09%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
25.27% 25.27% 25.38% 25.38% 25.38% 25.38% 25.38% 25.38% 25.38% 25.38% 25.38% 25.38%
74.73% 74.73% 74.62% 74.62% 74.62% 74.62% 74.62% 74.62% 74.62% 74.61% 74.62% 74.62%
No. of Shareholders 5,3745,7515,8806,4806,9736,9737,1887,1887,0707,3627,6138,120

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