Aditya Infotech logo

Aditya Infotech

CPPLUS NSE

Key Fundamentals

MidcapIndustrial ProductsCapital Goods
Market Cap
₹45,072 Cr
Volatility
Moderate
P/E Ratio
93.66
EBITDA
₹579 Cr
Return on Equity
19.61%
Debt to Equity
0.14
Book Value
₹275.38
52W High
₹4,094
52W Low
₹1,271

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 65.8% CAGR over last 5 years

Weaknesses

2
  • Stock is trading at 23.8 times its book value
  • Working capital days have increased from 40.8 days to 73.9 days

Growth Rate

Revenue Growth
35.57% higher than 3Y
Net Income Growth
4.72% lower than 3Y
Cash Flow Change
-50.5% lower than 3Y
ROE
-43.21% lower than 3Y
ROCE
-40.97% lower than 3Y
EBITDA Margin (Avg.)
65.42% higher than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk high

Aditya Infotech (CP PLUS brand) has a market capitalisation of about ₹46,143 crore and trades at 94.2x earnings and roughly 23-24x book value. Over the last five years it has compounded sales at 30% and profit at 66%, with TTM sales up 52% and TTM profit up 215%. Against that growth, the valuation is high, the dividend yield is 0.04%, and working capital days have risen from 40.8 to 73.9.

Bull Case 7
  • Profit has compounded at 66% a year over five years and 48% over three years, which shows sustained earnings growth over several periods rather than a single year.
  • TTM sales growth of 52% is well above the 3-year sales CAGR of 23%, so revenue growth is speeding up.
  • TTM profit growth of 215% against sales growth of 52% suggests operating leverage and margin expansion as the business grows.
  • Return on equity is healthy and fairly steady: 25% last year, 25% on a 5-year average and 22% on a 3-year average.
  • The 5-year sales CAGR of 30% shows the company has grown its top line consistently, which supports its position as a scaled player in video surveillance.
  • The company has reduced debt, which strengthens the balance sheet and lowers financial risk as it grows.
  • The stock has returned 194% over one year, so the market has recognised its earnings growth. Near-term quarterly momentum is also flagged as expected to be positive.
Bear Case 7
  • At a P/E of 94.2, the earnings yield is only about 1.1%, so the price already assumes strong growth continues for years.
  • Price-to-book of 23.1-23.9x is far above typical levels for capital goods and hardware companies, leaving little room if returns on equity (22-25%) fall short of expectations.
  • Working capital days have risen from 40.8 to 73.9, an increase of about 81%. This ties up more cash in receivables or inventory and may mean reported profit is turning into cash more slowly.
  • TTM profit growth of 215% is about 4x the 52% sales growth. That gap is unlikely to repeat every year, and it may include one-time items, so near-term earnings comparisons could be difficult.
  • The 194% one-year stock return means the valuation has expanded quickly. The history is short, since 3-year and 5-year stock return data are not available, which limits how well the stock can be judged across market cycles.
  • The dividend yield is 0.04%, so nearly all of the return depends on share price gains rather than income.
  • ROE fell to 22% on a 3-year average from 25% over five years, so returns have varied. At 94.2x earnings, any margin pressure from competitors or component costs in surveillance hardware would be felt quickly.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Headwinds 4
  • QIP dilution at a discount Sep 22

    The ₹1,500 crore QIP will dilute pre-issue equity by 3.7%. The indicative price of ₹3,467 is a 5% discount to the ₹3,648.43 floor price, which itself sits slightly below the ₹3,656.40 previous close.

  • Acquisition targets not yet identified Sep 22

    Part of the ₹1,500 crore QIP proceeds is set aside for inorganic growth, but the company has not named any acquisition targets. That adds execution and capital-allocation risk.

  • ₹28 cr fire at Kadapa plant Sep 9

    A short-circuit fire on Sep 9 at AIL Dixon Technologies' YSR EMC plant in Kadapa, Andhra Pradesh damaged Sheds 1-4 and 11, with an estimated loss of about ₹28 crore. The stock fell 2.20% to ₹3,743.15, though the company says the loss is insured and operations were not disrupted.

  • Trading below 52-week high Sep 22

    Even after hitting the ₹3,831.90 upper circuit, the stock is about 6% below its 52-week high of ₹4,094.50 from Aug 13, 2026. A market cap of ₹45,331.54 crore after a 174.68% one-year rally prices in high expectations.

Positives 5
  • Q1 FY27 profit up 332% Sep 22

    Consolidated net profit rose 332.5% YoY to ₹142.2 crore from ₹32.88 crore, and net sales grew 89.5% to ₹1,402.4 crore. EBITDA rose 220% to ₹207.8 crore from ₹64.9 crore.

  • Upper circuit on QIP launch Sep 22

    Shares hit the 5% upper circuit at ₹3,831.90 on NSE after the ₹1,500 crore QIP launched, with proceeds going to debt repayment, capex and growth. The stock is up about 151% in 2026 and 133% over six months.

  • MOFSL starts coverage with Buy Sep 22

    Motilal Oswal expects revenue, EBITDA and PAT CAGRs of 44%, 58% and 64% over FY26-FY28. It also sees India's video surveillance market growing from ₹10,600 crore in FY25 to ₹22,700 crore by FY30E.

  • ₹40.38 cr ITAT tax win Sep 9

    ITAT Delhi deleted the entire ₹40.38 crore tax addition for AY 2019-20, including the ₹3.60 crore balance left after the CIT(A) order. The company will now apply for the order to be given effect.

  • Shareholders back fundraise Sep 20

    Over 99.85% of votes cast approved the special resolution to raise funds through securities issuance. The promoter group voted nearly all of its shares in favour.

Neutral 2
  • ₹29.32 cr block trade Sep 18

    About 87,000 shares changed hands on BSE at around ₹3,370 per share, worth ₹29.32 crore combined. Buyer and seller identities are unknown, and the trade has not been confirmed by the exchange.

  • QIP structure and advisers set Sep 22

    The QIP committee fixed Sep 22, 2026 as the relevant date and set the floor price under SEBI ICDR Regulation 176(1), with a discount of up to 5% allowed. ICICI Securities and IIFL Capital are advising on the issue.

TL;DR: Aditya Infotech is growing fast: Q1 FY27 profit rose 332.5% and sales 89.5%, and a fresh MOFSL Buy call backs the case for continued surveillance-market growth. The main risks are 3.7% dilution from the ₹1,500 crore QIP at up to a 5% discount, a high valuation after a 174.68% one-year rally, and unnamed acquisition targets. The insured ₹28 crore fire loss looks manageable, especially against the ₹40.38 crore tax win. The trend is improving, and the next things to watch are the final QIP pricing, demand for the issue, and whether the company can keep up its margin expansion in Q2 FY27.

Quarterly Results

Particulars Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
636
669
830
977
740
920
1,139
1,422
1,402
Expenses
595
630
760
879
679
811
999
1,165
1,199
Operating Profit
41
39
69
98
61
109
140
257
204
OPM %
6%
6%
8%
10%
8%
12%
12%
18%
15%
Other Income
3
252
4
0
4
3
5
2
4
Interest
9
10
11
12
11
7
5
8
4
Depreciation
4
6
9
12
10
11
12
23
13
PBT
30
277
53
74
44
94
127
228
191
Tax %
26%
15%
24%
26%
25%
25%
25%
26%
25%
Net Profit
23
234
40
55
33
70
96
169
142
EPS in Rs
2.2
21.28
3.66
5.01
2.99
5.97
8.17
14.36
12.07
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,238
1,149
1,646
2,285
2,782
3,112
4,221
4,883
Expenses
1,181
1,093
1,513
2,124
2,559
2,864
3,655
4,174
Operating Profit
57
56
133
161
223
248
566
709
OPM %
4.6%
4.9%
8%
7%
8%
8%
13%
15%
Other Income
5
12
24
15
-12
259
13
13
Interest
37
26
20
23
31
42
30
24
Depreciation
5
6
8
9
16
31
56
59
PBT
21
35
129
143
165
434
493
639
Tax %
15%
28%
25%
24%
30%
19%
25%
—
Net Profit
17
29
97
108
115
351
368
477
EPS in Rs
69.72
117
388
528
562
32
31.24
40.57
Div. Payout %
0%
3%
1%
0%
0%
5%
5%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2
2
2
2
2
11
12
Reserves
162
189
284
310
422
1,007
1,865
Borrowings
269
147
190
427
436
509
256
Other Liabilities
342
364
738
970
784
1,648
1,858
Total Liabilities
775
703
1,214
1,709
1,644
3,175
3,991
Fixed Assets
66
56
55
65
70
740
813
CWIP
0
0
4
7
16
30
84
Investments
0
17
30
30
1
1
1
Other Assets
708
630
1,126
1,607
1,558
2,404
3,093
Total Assets
775
703
1,214
1,709
1,644
3,175
3,991
Figures in ₹ Crores

Cash Flow

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
80
262
44
56
-180
27
13
Investing
-24
3
-89
-122
116
88
-141
Financing
-100
-144
20
109
-44
-19
156
Net Cash Flow
-44
122
-25
43
-108
96
29
Free Cash Flow
78
259
37
49
-187
1
-120
CFO/OP
184
451
49
61
-58
32
22
Figures in ₹ Crores

Ratios

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
98
120
116
98
96
122
121
Inventory Days
99
27
82
98
82
130
134
Days Payable
119
120
179
175
96
201
194
Cash Conversion Cycle
78
27
19
22
82
51
61
Working Capital Days
24
-8
7
-21
39
9
74
ROCE %
—
16%
35%
28%
28%
19%
29%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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61 extracted metrics + investor summaries across FY20–FY27.

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Shareholding Pattern

Public2.47%Promot.74.71%Others2.87%FIIs6.35%DIIs13.61%As ofJun 2026

Documents

Frequently Asked Questions about Aditya Infotech

What does Aditya Infotech Ltd do?
Aditya Infotech Limited (AIL) manufactures and provides video security and surveillance products, solutions, and services under the brand name 'CP Plus'.[1]
Where is Aditya Infotech Ltd (CPPLUS) listed?
Aditya Infotech Ltd trades as CPPLUS on the NSE and under code 544466 on the BSE.
Which sector does Aditya Infotech Ltd belong to?
Aditya Infotech Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the market capitalisation of Aditya Infotech Ltd?
Aditya Infotech Ltd has a market capitalisation of ₹45,072 Cr, which places it in the Large Cap band.
What is the PE ratio of Aditya Infotech Ltd?
Aditya Infotech Ltd trades at a PE ratio of 93.66, against a book value of ₹275.38 per share.
What is the 52-week high and low of Aditya Infotech Ltd?
Over the last 52 weeks Aditya Infotech Ltd has traded between ₹1,271 and ₹4,094.
Does Aditya Infotech Ltd pay dividends?
Aditya Infotech Ltd has a dividend yield of 0.04%.
What is the Return on Equity (ROE) of Aditya Infotech Ltd?
Aditya Infotech Ltd reported a return on equity of 19.61%. Its debt-to-equity ratio is 0.14.

Company Information

Aditya Infotech Limited (AIL) manufactures and provides video security and surveillance products, solutions, and services under the brand name 'CP Plus'.[1]

Website adityagroup.com
CEO Mr. Hari Shanker Khemka
Employees 1,274
Listed 2025-08-05
Face Value ₹ 1
Issued Size 11,75,45,019

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