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Aditya Infotech Ltd

CPPLUS·NSE
3,831.90+5.00%Wed, 23 Sept '26 15:58

Aditya Infotech Ltd

CPPLUS
NSE
3,831.90
+5.00%
|Wed, 23 Sept '26 15:58
SOICxStockScans Reports
6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
45,332Cr
Close
Close Price
3,831.90
Industry
Industry
CCTV Camera
PE
Price To Earnings
93.78
PS
Price To Sales
9.28
Revenue
Revenue
4,883Cr
Rev Gr TTM
Revenue Growth TTM
51.85%
PAT Gr TTM
PAT Growth TTM
31.94%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
6366698309777409201,1391,4221,402
Growth YoY
Revenue Growth YoY%
16.437.537.345.589.5
Expenses
ExpensesCr
5956307608796798119991,1651,199
Operating Profit
Operating ProfitCr
4139699861109140257204
OPM
OPM%
6.45.98.310.08.211.812.318.114.5
Other Income
Other IncomeCr
32524043524
Interest Expense
Interest ExpenseCr
9101112117584
Depreciation
DepreciationCr
469121011122313
PBT
PBTCr
3027753744494127228191
Tax
TaxCr
84313191124315948
PAT
PATCr
232344055337096169142
Growth YoY
PAT Growth YoY%
46.1-70.1138.8207.7332.5
NPM
NPM%
3.534.94.85.64.47.68.411.910.1
EPS
EPS
2.2-1.43.75.03.06.28.214.412.1
QuarterJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
6366698309777409201,1391,4221,402
Growth YoY
Revenue Growth YoY%
16.437.537.345.589.5
Expenses
ExpensesCr
5956307608796798119991,1651,199
Operating Profit
Operating ProfitCr
4139699861109140257204
OPM
OPM%
6.45.98.310.08.211.812.318.114.5
Other Income
Other IncomeCr
32524043524
Interest Expense
Interest ExpenseCr
9101112117584
Depreciation
DepreciationCr
469121011122313
PBT
PBTCr
3027753744494127228191
Tax
TaxCr
84313191124315948
PAT
PATCr
232344055337096169142
Growth YoY
PAT Growth YoY%
46.1-70.1138.8207.7332.5
NPM
NPM%
3.534.94.85.64.47.68.411.910.1
EPS
EPS
2.2-1.43.75.03.06.28.214.412.1

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
1,2381,1491,6462,2852,7823,1124,2214,883
Growth
Revenue Growth%
-7.243.338.821.811.835.651.9
Expenses
ExpensesCr
1,1821,0931,5132,1242,5592,8653,6554,174
Operating Profit
Operating ProfitCr
5756133161223247566709
OPM
OPM%
4.64.98.17.08.08.013.414.5
Other Income
Other IncomeCr
5122415-122601313
Interest Expense
Interest ExpenseCr
3626202331423024
Depreciation
DepreciationCr
568916315659
PBT
PBTCr
2135129143165434493639
Tax
TaxCr
31032354983125162
PAT
PATCr
172597108115351368477
Growth
PAT Growth%
45.6283.311.76.3205.14.731.9
NPM
NPM%
1.42.25.94.74.111.38.79.8
EPS
EPS
69.7117.3387.710.611.233.032.040.9
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
1,2381,1491,6462,2852,7823,1124,2214,883
Growth
Revenue Growth%
-7.243.338.821.811.835.651.9
Expenses
ExpensesCr
1,1821,0931,5132,1242,5592,8653,6554,174
Operating Profit
Operating ProfitCr
5756133161223247566709
OPM
OPM%
4.64.98.17.08.08.013.414.5
Other Income
Other IncomeCr
5122415-122601313
Interest Expense
Interest ExpenseCr
3626202331423024
Depreciation
DepreciationCr
568916315659
PBT
PBTCr
2135129143165434493639
Tax
TaxCr
31032354983125162
PAT
PATCr
172597108115351368477
Growth
PAT Growth%
45.6283.311.76.3205.14.731.9
NPM
NPM%
1.42.25.94.74.111.38.79.8
EPS
EPS
69.7117.3387.710.611.233.032.040.9

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
333221112
Reserves
ReservesCr
1621892843104221,0071,865
Current Liabilities
Current LiabilitiesCr
5794908681,3371,1652,0931,978
Non Current Liabilities
Non Current LiabilitiesCr
312160605564136
Total Liabilities
Total LiabilitiesCr
7757031,2141,7091,6443,1753,991
Current Assets
Current AssetsCr
6976181,1051,5781,5332,3563,032
Non Current Assets
Non Current AssetsCr
7885110131111819959
Total Assets
Total AssetsCr
7757031,2141,7091,6443,1753,991
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
333221112
Reserves
ReservesCr
1621892843104221,0071,865
Current Liabilities
Current LiabilitiesCr
5794908681,3371,1652,0931,978
Non Current Liabilities
Non Current LiabilitiesCr
312160605564136
Total Liabilities
Total LiabilitiesCr
7757031,2141,7091,6443,1753,991
Current Assets
Current AssetsCr
6976181,1051,5781,5332,3563,032
Non Current Assets
Non Current AssetsCr
7885110131111819959
Total Assets
Total AssetsCr
7757031,2141,7091,6443,1753,991

Cash Flow

Consolidated
Standalone
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
802624456-1802713
Investing Cash Flow
Investing Cash FlowCr
-243-89-122116-1-141
Financing Cash Flow
Financing Cash FlowCr
-100-14420109-44-19156
Net Cash Flow
Net Cash FlowCr
-44122-2543-108729
Free Cash Flow
Free Cash FlowCr
782593749-1871-120
CFO To PAT
CFO To PAT%
459.81,036.844.951.5-156.67.73.7
CFO To EBITDA
CFO To EBITDA%
141.3467.832.834.7-80.911.02.4
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
802624456-1802713
Investing Cash Flow
Investing Cash FlowCr
-243-89-122116-1-141
Financing Cash Flow
Financing Cash FlowCr
-100-14420109-44-19156
Net Cash Flow
Net Cash FlowCr
-44122-2543-108729
Free Cash Flow
Free Cash FlowCr
782593749-1871-120
CFO To PAT
CFO To PAT%
459.81,036.844.951.5-156.67.73.7
CFO To EBITDA
CFO To EBITDA%
141.3467.832.834.7-80.911.02.4

Ratios

Consolidated
Standalone
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
21,17645,332
Price To Earnings
Price To Earnings
57.593.8
Price To Sales
Price To Sales
5.09.3
Price To Book
Price To Book
11.324.1
EV To EBITDA
EV To EBITDA
37.558.2
Profitability Ratios
Profitability Ratios
GPM
GPM%
25.215.817.616.818.321.228.428.4
OPM
OPM%
4.64.98.17.08.08.013.414.5
NPM
NPM%
1.42.25.94.74.111.38.79.8
ROCE
ROCE%
13.418.331.422.522.731.224.524.5
ROE
ROE%
10.613.233.834.827.134.519.619.6
ROA
ROA%
2.23.68.06.37.011.19.29.2
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
21,17645,332
Price To Earnings
Price To Earnings
57.593.8
Price To Sales
Price To Sales
5.09.3
Price To Book
Price To Book
11.324.1
EV To EBITDA
EV To EBITDA
37.558.2
Profitability Ratios
Profitability Ratios
GPM
GPM%
25.215.817.616.818.321.228.428.4
OPM
OPM%
4.64.98.17.08.08.013.414.5
NPM
NPM%
1.42.25.94.74.111.38.79.8
ROCE
ROCE%
13.418.331.422.522.731.224.524.5
ROE
ROE%
10.613.233.834.827.134.519.619.6
ROA
ROA%
2.23.68.06.37.011.19.29.2
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Aditya Infotech Ltd is India’s dominant maker of video surveillance systems - the cameras and recorders that secure shops, offices, factories and homes - operating under the CP PLUS brand that now commands roughly 46% of the country’s organised market. The company has spent nearly two decades building manufacturing and distribution muscle, and when a government mandate in April 2025 required all network cameras sold in India to carry STQC certification, it was ready with a certified portfolio while many Chinese rivals were not - triggering a wave of market consolidation that AIL captured. Its recurring playbook, which it calls “CP PLUS 2.0,” is to pull more of the supply chain in-house - making its own housings, lenses and cables - while running a multi-brand, multi-channel sales engine that reaches every customer tier from rural shops to government projects. # Business segments A single engine - video surveillance hardware, software and cloud services - sold through one flagship brand and two emerging mass-market labels, all fed by a deepening manufacturing backbone that the company is pulling inside its own walls. ## 1. CP PLUS video surveillance: India’s security camera factory **CP PLUS is the largest surveillance brand in India by a wide margin, making roughly one in every two cameras sold, and it is systematically turning itself into a self-supplying manufacturer - making the camera, the housing, the lens and the cable under one roof.** - **Largest certified portfolio in the market** - the STQC mandate that took full effect in April 2025 created a regulatory filter that only about 30 certified brands cleared; CP PLUS had the industry’s widest certified range, so it absorbed demand from non-compliant Chinese brands that exited, pushing its market share from roughly 30% at IPO to roughly 46% by May 2026. - **A factory built for scale** - the Kadapa facility in Andhra Pradesh is India’s largest single-location surveillance plant at 3.5 lakh square feet, with installed capacity of 1.5 million units per month, and the company is targeting a doubling of capacity by FY2028 while adding a leased facility in Noida expected to be operational by Q4 FY2027. - **Multi-SoC, multi-supplier procurement** - because key inputs like system-on-chips, memory and sensors remain under severe global supply pressure, AIL sources from six non-Chinese SoC partners (including Ambarella, Qualcomm and Novatek) and three sensor players (SmartSens, Sony, SOI), reducing the risk that any single supplier shortage halts production. - **Distribution that reaches 500-plus cities** - the go-to-market network includes over 1,000 distributors, more than 2,000 system integrators, 48 branch offices, 13 service centres and 141 exclusive CP PLUS Brand Galaxy franchise stores, supported by an elite channel programme (MD CLUB) for the top 75 partners, so the product is sold and serviced deeper than any competitor’s. ## 2. Multi-brand portfolio: filling the vacuum left by non-certified brands **EYRA and NEXIVUE are new labels designed to capture the mass-market, rural and unorganised segments that were previously served by Chinese brands that could not meet the STQC standard - same factory, different price points.** - **NEXIVUE for rural and small-town buyers** - already commercially launched by March 2026, it offers IPC, NVR, WiFi, 4G and POE cameras positioned for rural and mass-market segments, so the company can compete on price in areas where the CP PLUS brand may be over-specified. - **alhua TECHNOLOGY for the HD range** - a third label carrying an HD product line, rounding out a multi-brand shelf that lets the company place different price tags on products that share the same manufacturing backbone. # AI and technology partnerships **The company is embedding artificial intelligence and indigenous chip technology into its cameras through co-development deals with Qualcomm and L&T Semiconductor - turning cameras from recording devices into thinking devices.** - **Qualcomm brings edge AI** - a collaboration announced in December 2025 uses Qualcomm Dragonwing processors and the Qualcomm Insight Platform to deliver AI-enabled video security through edge boxes, with an LLM-based Gen AI Assistant that can run on the cloud or entirely on-site, making video footage searchable and analysable without sending data off-premises. - **L&T Semiconductor supplies an Indian-designed brain** - under a three-year agreement signed in October 2025, CP PLUS will manufacture nine million IP cameras powered by LTSCT’s indigenously designed Vision System-on-Chip, which supports up to eight megapixels, giving AIL a domestically sourced advanced chip and a hedge against global SoC supply constraints. - **In-house R&D with a Taiwan outpost** - the company runs DSIR-certified labs in Noida and Ahmedabad (with a third opening in Bangalore) and incorporated a wholly owned R&D subsidiary in Taiwan in February 2026, staffed with global talent holding over 20 years of expertise, so that hardware design, firmware, AI analytics and image tuning are developed internally rather than licensed. # Group structure and partners **Aditya Infotech Ltd sits at the centre of a group that includes three wholly owned manufacturing and R&D subsidiaries and one cable-making joint venture, with strategic technology partnerships that supply the silicon inside its cameras.** - **Wholly owned manufacturing arm** - AIL Dixon Technologies Private Limited, originally a 50:50 joint venture with Dixon Technologies, became a wholly owned subsidiary in September 2024 when AIL acquired the remaining stake through a share swap; Dixon now holds a 6.6% stake in AIL and the right to nominate one director. - **Taiwan R&D subsidiary** - Aditya Infotech Taiwan Co. Ltd. was incorporated in February 2026, later augmented by an investment of up to USD 400,000, and focuses on security and surveillance equipment R&D. - **Cable joint venture** - Corelink Cable Technology Private Limited, a 50:50 JV with Orient Cables incorporated in June 2026, will manufacture LAN cables, CCTV cables and connectors from a Rajasthan facility expected to begin commercial operations in Q2-Q3 FY27, supplying AIL for captive consumption. - **Technology partners embedded in the product** - L&T Semiconductor Technologies supplies indigenously designed Vision SoCs under a three-year manufacturing agreement, and Qualcomm Technologies co-develops AI-enabled video security solutions using its Dragonwing platform.

Documents — Aditya Infotech Ltd

  • Q1 FY2027 Earnings Call Transcript (Jun 2026, PDF): https://www.stockscans.in/document/7augo0y2whro7vus0n3sfg55.pdf
  • Q4 FY2026 Earnings Call Transcript (Mar 2026, PDF): https://www.stockscans.in/document/rg4upxgpzrho7cbo2mk1eua9.pdf
  • Q3 FY2026 Earnings Call Transcript (Dec 2025, PDF): https://www.stockscans.in/document/uhe2rpfnd9c6p53alo9n843z.pdf
  • Q2 FY2026 Earnings Call Transcript (Sep 2025, PDF): https://www.stockscans.in/document/9jw039l5r5oy30l2sa7yl2rk.pdf
  • Q1 FY2026 Earnings Call Transcript (Jun 2025, PDF): https://www.stockscans.in/document/mvheixqlj8d2ulxfggpd1wv8.pdf
  • Q1 FY2027 Quarterly Result (Jun 2026, PDF): https://www.stockscans.in/document/gchsl4gzlfcynzte8shd9dnp.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/3385icxgnmslo6cbmzb4p971.pdf
  • Q3 FY2026 Quarterly Result (Dec 2025, PDF): https://www.stockscans.in/document/vxbk47gxvvpf6kmfx0v1g37x.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/227ypz2z04509yzu3tr5bt27.pdf
  • Q1 FY2027 Investor Presentation (Jun 2026, PDF): https://www.stockscans.in/document/vsa7v25on16xc9tqwg5gdvzf.pdf
  • Q4 FY2026 Investor Presentation (Mar 2026, PDF): https://www.stockscans.in/document/qhiubduiz6he3pzkhsykcwvo.pdf
  • Q3 FY2026 Investor Presentation (Dec 2025, PDF): https://www.stockscans.in/document/r9xzv72ce7zde5ksawncdr6c.pdf
  • Q2 FY2026 Investor Presentation (Sep 2025, PDF): https://www.stockscans.in/document/ta2q4kvn1588dsqoglxp7hov.pdf
  • Q1 FY2026 Investor Presentation (Jun 2025, PDF): https://www.stockscans.in/document/p85oid2sh9y9cvwzbotcq0c9.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/x2oh67641bxdisb77538v261.pdf

Concall Transcript Summaries — Aditya Infotech Ltd

  • Q1 FY2027 Concall Transcript Summary (Jun 2026): https://www.stockscans.in/company/NSE%3ACPPLUS/transcript-notes/202606/7augo0y2whro7vus0n3sfg55.pdf
  • Q4 FY2026 Concall Transcript Summary (Mar 2026): https://www.stockscans.in/company/NSE%3ACPPLUS/transcript-notes/202603/rg4upxgpzrho7cbo2mk1eua9.pdf
  • Q3 FY2026 Concall Transcript Summary (Dec 2025): https://www.stockscans.in/company/NSE%3ACPPLUS/transcript-notes/202512/uhe2rpfnd9c6p53alo9n843z.pdf
  • Q2 FY2026 Concall Transcript Summary (Sep 2025): https://www.stockscans.in/company/NSE%3ACPPLUS/transcript-notes/202509/9jw039l5r5oy30l2sa7yl2rk.pdf
  • Q1 FY2026 Concall Transcript Summary (Jun 2025): https://www.stockscans.in/company/NSE%3ACPPLUS/transcript-notes/202506/mvheixqlj8d2ulxfggpd1wv8.pdf