CPPLUS
Aditya Infotech share price & financials
- Price
- ₹3,614.4
- Market cap
- ₹39.5k Cr
- Sector
- Capital Goods
- Calls analysed
- 5
Aditya Infotech Limited Q1 FY27
What went well
- Revenue of INR1,402 crores, up 89.5% YoY, driven by strong CP PLUS brand traction.
- Gross margin at 30.8%, up 810 basis points YoY, supported by favorable product mix and operational efficiencies.
- EBITDA of INR208 crores, up 20% YoY, with margins improving to 14.8%.
What to watch
- Margins moderated slightly from Q4 due to the exhaustion of lower-cost inventory.
- Cost escalations in DDR and SOC components are phenomenal, requiring gradual price hikes to mitigate inflationary pressures.
What Aditya Infotech Limited does
Aditya Infotech Limited, which markets its products under the CP PLUS brand along with ViDu, IVUE and 11ua, designs, manufactures and sells video surveillance and security equipment — including IP cameras, NVRs, WiFi/4G/PoE cameras and recorders — for India's residential, enterprise and government markets. The company runs in-house R&D and manufacturing, with camera and component assembly at its Kadapa (Andhra Pradesh) plant and R&D labs in Noida and Ahmedabad (plus an upcoming Bangalore lab) and an offshore R&D centre in Taiwan. It has pursued backward integration into cables, camera housings, lenses, IR LEDs and SMD/WiFi modules, and holds strategic technology partnerships with Qualcomm and L&T Semiconductor Technologies alongside a cable-manufacturing joint venture with Orient Cables. Products reach the market through a nationwide dealer/retail network, including an "Elite Circle of Excellence" of Galaxy Store channel partners.
- Market position
- Market leader in India's organized video-surveillance industry (~45% share as of Q3 FY26)
- Manufacturing capacity
- 2.5 million units/month at the Kadapa (Andhra Pradesh) plant
- R&D centres
- Noida, Ahmedabad and (upcoming) Bangalore in India, plus an offshore R&D centre in Taiwan
- Strategic partnerships / JVs
- Qualcomm Technologies (AI-enabled video security), L&T Semiconductor Technologies (supply of 9 million next-gen CCTV IP cameras over 3 years), Orient Cables joint venture (coaxial/network cable manufacturing)
- Brand portfolio
- CP PLUS (flagship) plus ViDu, IVUE and 11ua sub-brands
- Elite channel partners
- 75 partners in the Galaxy Store "Circle of Excellence" programme
Guidance record · Q1 FY27
what the last two calls moved 23 tracked 5 delivered 1 missed 17 open- L&T Chip Procurement on track said Q2 FY26 Promised: 9 million chips over 3 years Q1 FY27: Not mentioned in Q1 transcript.
- Rajasthan Facility Commercial Operations delayed said Q4 FY26 Promised: Commence operations by Q3 FY27 Q1 FY27: Timeline pushed from Q2-Q3 FY27 to 'end of this financial year' (Q4 FY27).
- Total Capital Expenditure on track said Q1 FY26 Promised: ₹200 crores over the next two years Q1 FY27: Capex plans progressing, superseded by more aggressive FY27-28 guidance.
All 23 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 89.5%, net profit up 330.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 669 | 830 | 977 | 740 | 920 +38% | 1,139 +37% | 1,422 +46% | 1,402 +89% |
| EBITDA | 39 | 69 | 98 | 61 | 109 +179% | 140 +103% | 257 +162% | 204 +234% |
| Net profit | 234 | 40 | 55 | 33 | 70 −70% | 96 +140% | 169 +207% | 142 +330% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +183.5% 1Y
1Y: ₹1,349.5 on 10 Sept 2025 → ₹3,825.5. High ₹3,899.1 (12 Aug 2026), low ₹1,254.7 (26 Sept 2025).
How the price took the results
close before → close after
- Q1 FY27
- −5.0%
- 13 Aug
- Q4 FY26
- +10.0%
- 28 May
- Q3 FY26
- +1.8%
- 13 Feb
- Q2 FY26
- +10.0%
- 13 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 35.6% a year over 1 year, FY25 to FY26. Operating margin widened to 13.4%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹3.1k Cr | ₹4.2k Cr |
| Operating profit | ₹247 Cr | ₹567 Cr |
| Operating margin | 7.9% | 13.4% |
| Interest | ₹42 Cr | ₹31 Cr |
| Depreciation | ₹31 Cr | ₹56 Cr |
| Net profit | ₹352 Cr | ₹368 Cr |
| Net margin | 11.3% | 8.7% |
| Cash from operations | ₹27 Cr | ₹13 Cr |
| Free cash flow | ₹1 Cr | ₹-120 Cr |
| ROCE | 19.0% | 29.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹189 Cr | ₹284 Cr | ₹310 Cr | ₹422 Cr | ₹1.6k Cr | ₹1.9k Cr |
| Borrowings | ₹147 Cr | ₹190 Cr | ₹427 Cr | ₹436 Cr | ₹128 Cr | ₹256 Cr |
| Other liabilities | ₹364 Cr | ₹738 Cr | ₹970 Cr | ₹784 Cr | ₹1.7k Cr | ₹1.9k Cr |
| Total liabilities | ₹703 Cr | ₹1.2k Cr | ₹1.7k Cr | ₹1.6k Cr | ₹3.4k Cr | ₹4.0k Cr |
| Fixed assets | ₹56 Cr | ₹55 Cr | ₹65 Cr | ₹70 Cr | ₹785 Cr | ₹813 Cr |
| Capital work in progress | ₹0 Cr | ₹4 Cr | ₹7 Cr | ₹16 Cr | ₹48 Cr | ₹84 Cr |
| Investments | ₹17 Cr | ₹30 Cr | ₹30 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹630 Cr | ₹1.1k Cr | ₹1.6k Cr | ₹1.6k Cr | ₹2.5k Cr | ₹3.1k Cr |
| Total assets | ₹703 Cr | ₹1.2k Cr | ₹1.7k Cr | ₹1.6k Cr | ₹3.4k Cr | ₹4.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Sep 2025, DIIs added +3.55 pp while the public trimmed −3.04 pp. The shareholder count grew 46% to 58,182.
- Promoters
- 74.7%
- FIIs
- 6.3%
- DIIs
- 13.6%
- Public
- 5.3%
Since Sep 2025
- DIIs +3.55 pp
- Public −3.04 pp
- Promoters −2.41 pp
How it drifted, 4 quarters
Over this window DIIs went from 10.1% to 13.6% — +3.5 pp.
Ownership split by quarter, oldest first. Sep '25: Promoters 77.1%, FIIs 4.4%, DIIs 10.1%, Public 8.4%.Dec '25: Promoters 76.9%, FIIs 4.4%, DIIs 10.2%, Public 8.5%.Mar '26: Promoters 74.8%, FIIs 5.7%, DIIs 14.8%, Public 4.8%.Jun '26: Promoters 74.7%, FIIs 6.3%, DIIs 13.6%, Public 5.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Motilal Oswal Flexi Cap Fund Mutual fund newly disclosed 2.25% held
The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Aditya Infotech Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Aditya Khemka | 31.53% | unchanged |
| Hari Khemka Business Family Trust | 15.28% | unchanged |
| Rishi Khemka | 9.47% | unchanged |
| Aditya Khemka Business Family Trust | 8.25% | unchanged |
| Shradha Khemka | 4.14% | unchanged |
| Ruchi Khemka | 4.04% | unchanged |
| Invesco India Flexi Cap Fund Mutual fund | 3.85% | −0.16 pp |
| Dixon Technologies (India) Limited | 2.38% | unchanged |
| Motilal Oswal Flexi Cap Fund Mutual fund | 2.25% | newly disclosed |
| HSBC Mutual Fund - HSBC Midcap Fund Mutual fund | 1.80% | −0.93 pp |
| Government Of Singapore - E Sovereign | 1.67% | unchanged |
| Kotak Small Cap Fund Mutual fund | 1.47% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in CPPLUS
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.01 L shares (+0.6%).
- Held by funds
- ₹45 Cr
- 6 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹20 Cr · 0.0% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹20 Cr | held | Aug '25 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹15 Cr | +0.01 L | Mar '26 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹8 Cr | +0.00 L | Mar '26 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Mar '26 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Mar '26 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +772 shares (+0.6%)
- Funds are sitting on
- +97%
- vs est. average cost
- Held by funds
- ₹45 Cr
- 6 schemes · ≈ 0.12% of the company
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹20 Cr · 0.0% of that fund
Shares held by these funds −88%
Jul '25 1.28 L shares Jul '26
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse Aditya Infotech Limited
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