Sharescart Research Club logo

Euro Multivision Overview

1. Business Overview

Euro Multivision Ltd. was an India-based company primarily engaged in the manufacturing and marketing of Cathode Ray Tube (CRT) televisions and computer monitors, along with related electronic components. Its core business model involved producing these display devices and distributing them within the Indian market. The company generated revenue through the sale of these electronic goods. However, its primary product lines became largely obsolete with the advent and widespread adoption of LCD, LED, and subsequently OLED display technologies.

2. Key Segments / Revenue Mix

Historically, the company's revenue was primarily derived from:

CRT Televisions

CRT Computer Monitors

Electronic Components (likely for its display products)

Given the obsolescence of its main product categories and its current financial and operational status, current revenue generation is likely minimal or non-existent, and a meaningful breakdown of segments is not available or relevant.

3. Industry & Positioning

Euro Multivision Ltd. operated within the Indian Consumer Durables - Electronics sector. Specifically, it was positioned in the display device market, focusing on CRT technology. At its peak, it was one of the domestic manufacturers of CRT TVs and monitors, competing with other Indian brands and, to a lesser extent, international players in that specific niche. However, the broader consumer electronics industry rapidly evolved, making CRT technology redundant. The company failed to adapt to the transition to flat-panel displays, losing its market position entirely as the industry shifted.

4. Competitive Advantage (Moat)

Euro Multivision Ltd. exhibited no durable competitive advantages or "moats."

Brand: While it may have had some brand recognition in the CRT segment, it lacked a strong, enduring brand that could transcend technological shifts.

Scale: Any scale advantages in CRT manufacturing were negated by the segment's obsolescence.

Network/Switching Costs: The company did not have a strong distribution network or product ecosystem that created high switching costs for consumers.

Technology/Patents: Its core technology (CRT) became outdated, and there's no evidence of proprietary technology or patents that could sustain its business beyond that era. The lack of adaptability to new display technologies proved to be a critical weakness.

5. Growth Drivers

Given the company's historical business model centered on obsolete CRT technology, its severe financial distress, operational cessation, and delisting from exchanges, there are no apparent or identifiable current growth drivers. The company's primary business is defunct, and there is no public information indicating a pivot to a new, viable business model or significant restructuring that would drive future growth.

6. Risks

Euro Multivision Ltd. faces extreme and fundamental business risks, many of which have already materialized:

Technological Obsolescence: The complete obsolescence of its core product (CRT displays) led to a catastrophic decline in demand.

Financial Distress: The company has faced severe financial difficulties, including insolvency proceedings under India's IBC, and its shares have been delisted.

Operational Cessation: Its manufacturing and commercial operations have largely ceased.

Lack of Viable Business Model: Without a relevant product or service, the company lacks a foundation for future operations.

Liquidation Risk: There is a high risk of liquidation or complete winding down of the company.

Regulatory & Legal Risks: Ongoing legal and regulatory issues related to its insolvency and delisting.

7. Management & Ownership

Euro Multivision Ltd. was promoted by the Multivision Group. Information regarding the quality of management, particularly its ability to foresee or adapt to technological shifts in the display industry, is retrospectively viewed as inadequate given the company's eventual failure. The company's ownership structure, previously including promoter, institutional, and public holdings, has been significantly impacted by its financial distress and delisting, rendering current ownership largely illiquid and diminished in practical value.

8. Outlook

The outlook for Euro Multivision Ltd. is extremely challenging. The company's historical business model is entirely obsolete, it has undergone insolvency proceedings, and its shares are no longer traded on major exchanges. There is no publicly available information suggesting a revival plan, a successful pivot to a new business, or significant assets that could be monetized to create shareholder value. A positive turnaround appears highly improbable without a complete and radical restructuring, for which there is no current indication. The most likely scenario involves continued operational dormancy or eventual liquidation.

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Euro Multivision Key Financials

Market Cap ₹3 Cr.

Stock P/E -0.3

P/B -

Current Price ₹1.4

Book Value ₹ 0

Face Value 10

52W High ₹0

Dividend Yield 0%

52W Low ₹ 0

Euro Multivision Share Price

| |

Volume
Price

Euro Multivision Quarterly Price

Show Value Show %

Euro Multivision Peer Comparison

Euro Multivision Quarterly Results

#(Fig in Cr.) Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 1 0 0 0 0 0 0
Total Income 0 0 0 1 0 0 0 0 0 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0
Operating Profit -0 -0 -0 0 -0 -0 -0 -0 -0 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 3 3 3 3 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -3 0
Profit Before Tax -4 -4 -4 -3 -3 -3 -3 -3 -6 -3
Provision for Tax 0 0 0 0 -0 0 0 0 0 0
Profit After Tax -4 -4 -4 -3 -3 -3 -3 -3 -6 -3
Adjustments 0 0 -0 -0 0 0 0 0 0 0
Profit After Adjustments -4 -4 -4 -3 -3 -3 -3 -3 -6 -3
Adjusted Earnings Per Share -1.6 -1.5 -1.5 -1.3 -1.3 -1.3 -1.3 -1.3 -2.6 -1.3

Euro Multivision Profit & Loss

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Net Sales 62 18 13 15 24 20 10 7 0 0 0 0
Other Income 0 1 1 8 1 4 2 2 0 1 0 0
Total Income 62 19 14 22 25 24 12 9 1 1 0 0
Total Expenditure 93 29 15 16 25 21 16 10 2 1 1 0
Operating Profit -31 -11 -1 6 -0 3 -3 -2 -1 -0 -0 0
Interest 34 0 0 47 47 0 0 0 0 0 0 0
Depreciation 27 20 19 14 14 14 14 14 14 14 12 12
Exceptional Income / Expenses 0 0 0 -78 0 0 0 0 0 0 0 -3
Profit Before Tax -92 -31 -20 -133 -61 -12 -17 -16 -15 -14 -12 -15
Provision for Tax 0 0 0 0 0 0 0 1 0 0 -0 0
Profit After Tax -92 -31 -20 -133 -61 -12 -17 -17 -15 -14 -12 -15
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -92 -31 -20 -133 -61 -12 -17 -17 -15 -14 -12 -15
Adjusted Earnings Per Share -38.8 -12.9 -8.5 -55.9 -25.7 -4.9 -7.2 -7.2 -6.3 -5.9 -5.2 -6.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -100% -100% -100%
Operating Profit CAGR 0% 0% -100% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 0% -3% 9% -2%
ROE Average 0% 0% 0% -37%
ROCE Average 0% 0% 0% -14%

Euro Multivision Balance Sheet

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Shareholder's Funds -23 -54 -74 -208 -269 -281 -298 -315 -330 -344 -356
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 104 25 20 18 17 14 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 160 231 229 357 403 407 421 414 412 413 412
Total Liabilities 241 201 175 167 151 140 123 99 82 69 56
Fixed Assets 200 178 159 145 131 117 103 89 76 62 50
Other Non-Current Assets 2 2 2 2 2 5 4 2 2 2 2
Total Current Assets 38 21 14 20 18 18 15 8 5 6 4
Total Assets 241 201 175 167 151 140 123 99 82 69 56

Euro Multivision Cash Flow

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Opening Cash & Cash Equivalents 6 3 2 3 2 3 3 3 2 1 1
Cash Flow from Operating Activities -2 -1 3 127 47 3 3 -1 -2 -0 0
Cash Flow from Investing Activities -1 0 0 -0 0 -0 -0 0 0 0 0
Cash Flow from Financing Activities -0 -0 -3 -127 -47 -2 -3 -0 2 0 -0
Net Cash Inflow / Outflow -3 -1 0 -0 0 0 -0 -1 -0 -0 -0
Closing Cash & Cash Equivalent 3 2 3 2 3 3 3 2 1 1 1

Euro Multivision Ratios

# Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Earnings Per Share (Rs) -38.81 -12.92 -8.47 -55.93 -25.74 -4.9 -7.22 -7.15 -6.34 -5.92 -5.15
CEPS(Rs) -27.53 -4.59 -0.48 -50 -19.81 0.96 -1.36 -1.3 -0.52 -0.12 -0.1
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -9.84 -22.77 -31.24 -87.25 -112.99 -117.95 -125.2 -132.34 -138.71 -144.63 -149.78
Core EBITDA Margin(%) -48.34 -57.26 -10.46 -8.09 -4.12 -4.11 -52.79 -48.86 -440.83 -3443.13 0
EBIT Margin(%) -89.15 -155.52 -135.41 -539.81 -58.06 -55.21 -167.47 -224.13 -4101.12 0 0
Pre Tax Margin(%) -142.27 -156.77 -137.11 -836.48 -249.34 -57.14 -167.8 -224.64 -4112.19 0 0
PAT Margin (%) -142.48 -156.77 -137.11 -836.48 -249.34 -57.14 -167.8 -244.59 -4112.19 0 0
Cash Profit Margin (%) -101.09 -55.71 -7.75 -747.88 -191.98 11.2 -31.49 -44.35 -334.92 -871.25 0
ROA(%) -33.84 -13.92 -10.71 -77.83 -38.47 -8 -13.07 -15.37 -16.67 -18.64 -19.68
ROE(%) -405.91 0 0 0 0 0 0 0 0 0 0
ROCE(%) -23.66 -15.37 -11.68 -106.77 0 0 0 0 0 0 0
Receivable days 94.25 185.38 71.24 97.91 95.99 108.76 244.58 284.7 1570.04 4680.44 0
Inventory Days 111.82 173.96 160.41 121.21 71.59 92.6 134.12 40.34 216.21 2823.66 0
Payable days 80.66 183.12 128.55 123.86 49.89 69.56 180.46 174.38 728.46 1962.47 0
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) -0.52 -0.11 -0.03 -0.02 -0.02 -0.02 -0.02 -0.01 -0 -0.01 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 3.81 13.83 16.54 15.03 9.23 10.86 21.35 31.25 590.65 6828.18 0
EV/Core EBITDA(x) -7.65 -23.41 -250.02 34.76 -1290.38 82.71 -68.54 -130.76 -182.38 -1487.42 -655.66
Net Sales Growth(%) -32.03 -70.87 -25.77 10.13 62.89 -15.22 -49.84 -32.05 -94.73 -91.28 -96.88
EBIT Growth(%) -203.15 47.2 34.77 -331.49 83.4 20.93 -52.1 9.06 3.53 7.26 11.25
PAT Growth(%) -214.75 66.7 34.47 -560.32 53.98 80.94 -47.25 0.96 11.36 6.64 12.97
EPS Growth(%) -214.75 66.7 34.47 -560.32 53.98 80.94 -47.25 0.95 11.36 6.64 12.97
Debt/Equity(x) -9.73 -4.55 -2.99 -1.06 -0.82 -0.77 -0.72 -0.68 -0.65 -0.63 -0.6
Current Ratio(x) 0.24 0.09 0.06 0.05 0.05 0.04 0.04 0.02 0.01 0.01 0.01
Quick Ratio(x) 0.17 0.06 0.04 0.04 0.04 0.03 0.03 0.02 0.01 0.01 0.01
Interest Cover(x) -1.68 -124.67 -79.43 -1.82 -0.3 -28.56 -497.09 -442.18 -370.44 -1836.38 -5898.38
Total Debt/Mcap(x) 18.77 42.68 106.25 51.16 42.35 45.18 47.39 56.86 170.85 69.64 0

Euro Multivision Shareholding Pattern

# Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Mar 2026
Promoter 47.01 47.01 47.01 47.01 47.01 47.01 47.01 47.01 47.01 47.01
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 52.99 52.99 52.99 52.99 52.99 52.99 52.99 52.99 52.99 52.99
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Euro Multivision News

Euro Multivision Pros & Cons

Pros

  • Debtor days have improved from 1962.47 to 0days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 47.01%.
  • Company has a low return on equity of 0% over the last 3 years.
whatsapp