SYNOPSIS:
Aditya Infotech projects strong FY26 growth with higher margins, rising capacity, strengthened balance sheet, expanding R&D footprint, and sustained market share gains, supported by robust industry demand and accelerating shift toward IP-led surveillance solutions.
A company that stands as India’s leading surveillance brand – offering one of the most extensive CCTV and security product portfolios, with advanced video security solutions for both enterprise and consumer markets – is certainly one to keep on your radar.
We’re talking about Aditya Infotech Limited (AIL), which is engaged in the business of security and surveillance equipment and components under the ‘CP Plus’ brand. In addition, the company offers solutions and services such as fully integrated security systems and Security-as-a-Service directly.
With a market cap of Rs. 19,987.5 crores, shares of Aditya Infotech Limited were trading in the green at Rs. 1,705.1 on Wednesday, up by around 1.5 percent, as against its previous closing of Rs. 1,680.55 on BSE. The stock made a strong debut on 5th August, listing at a premium of 50.8 percent on the BSE and 50.4 percent on the NSE against its issue price of Rs. 675.
Management Guidance
For FY26, the management of Aditya Infotech expects revenue to reach Rs. 3,900-4,100 crore, translating into a year-on-year growth of 25-30 percent. EBITDA is projected to grow by over 50 percent, supported by an improved brand mix, margin expansion within the CP Plus business, and cost savings from retiring debt using IPO proceeds. EBITDA margins are expected to rise to 10-11 percent for the year.
PAT is also estimated to grow by more than 75 percent on a year-on-year basis, aided by stronger operating earnings, cost savings from retiring debt using IPO proceeds and the full consolidation of AIL Dixon (now 100 percent from 50 percent earlier).
The overall guidance is backed by a healthy industry growth outlook of 16-17 percent, rapid expansion of the IP segment at over 25 percent, and anticipated market share gains. Operational efficiencies, localisation, and deeper backward integration are further expected to enhance profitability.
For FY26, Aditya Infotech has outlined clear production capacity targets, expecting to scale from 1.6 million units per month in Q2 to 1.8 million units per month in Q3, and further to 2 million units per month by Q4 FY26. This ramp-up is supported by a strong focus on factory automation and digitalisation initiatives, including OPL, Kaizen, process audits, 5S implementation, and the deployment of a new MES system.
The company will further enhance its innovation capabilities through a new R&D centre in Ahmedabad, while an additional facility in Taiwan is being set up to expand its global innovation footprint.
The strategic use of IPO proceeds for debt repayment has meaningfully strengthened AIL’s balance sheet, bringing down total debt from around Rs. 466 crore in June 2025 to about Rs. 68 crore by September 2025.
Financial Highlights
In Q2 FY26, Aditya Infotech reported a consolidated revenue from operations of Rs. 920 crores, a growth of nearly 24 percent QoQ and 38 percent YoY. Similarly, the company’s net profit for the quarter stood at Rs. 70 crores, representing an increase of nearly 112 percent QoQ but a decline of around 70 percent YoY, over the same period. Between FY22 and FY25, Aditya Infotech revenue grew at a 3-year CAGR of nearly 24 percent, while net profit surged at a CAGR of over 53 percent.
According to Frost & Sullivan, CP Plus has continued to deliver strong market share gains, reaching 31.4 percent market share in Q1 FY26. Meanwhile, AIL’s product mix is also strengthening, with the IP portfolio rising to 70 percent, up from 54 percent in Q2 FY25.
Written by Shivani Singh
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