Risk factor
Very poor trading liquidity
Profitability factor
Decent price performance
About
Catvision Limited, an Indian enterprise established in Noida in 1985, specializes in the manufacturing and distribution of a comprehensive range of broadcasting and connectivity solutions. Formerly known as Catvision Products Limited until its rebranding in 2011, the company operates through distinct divisions: Cable TV & GPON, Hospitality, Channel Distribution, and Online Sales. The core of its business involves producing and selling essential infrastructure for cable television and high-speed internet networks built on optical fiber. This includes advanced headend systems like Trinetra and Teleste Luminato, various decoders, encoders, and modulators, along with a wide array of optical fiber equipment such as EDFAs, transmitters, nodes, amplifiers, and splitters. Catvision also provides GPON (Gigabit Passive Optical Network) components, including OLTs, ONUs, ONTs, optical transceivers, and related accessories. Additionally, it supplies diverse set-top boxes for cable, satellite, and Android TV platforms, as well as other IoT devices, many of which are available through its online retail channels. Beyond product offerings, Catvision delivers specialized services. For the hospitality sector, it installs IPTV systems and provides pay TV content to hotels and hospitals, alongside offering its Guest Room Management System (GRMS) for automated hotel room controls. The company acts as a distributor for international television channels, making them available to cable, DTH, and OTT operators. Furthermore, Catvision extends its expertise to video distribution services for broadcasters and undertakes the installation and maintenance of digital CCTV surveillance systems for industrial, commercial, and domestic clients.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. In particular, the stock is overpriced on P/E, of fair value on EV