Aditya Infotech: Business Overview & Financial Analysis
Aditya Infotech Limited is an Indian technology and electronic security solutions provider headquartered in Noida, Uttar Pradesh. Promoted by Hari Ram Kankani and Aditya Kankani, the company is the enterprise behind "CP PLUS", India's leading indigenous video surveillance brand. The company manufactures, markets, and distributes closed-circuit television (CCTV) cameras, high-definition (HD) IP cameras, digital video recorders (DVRs), network video recorders (NVRs), access control systems, and AI-enabled smart surveillance solutions across residential, commercial, industrial, and government segments in India and international markets.
Brand Architecture & Revenue Mix of Aditya Infotech (FY26)
Aditya Infotech generates the majority of its business from its flagship proprietary brand, supported by third-party distribution contracts.
- CP PLUS Flagship Proprietary Brand – 86.0% of Total Revenue
- IP-Based Camera Portfolio (within CP PLUS) – 73.0% of CP PLUS Revenue
- Distributed Global Brands (Dahua Technology) – <5.0% of Total Revenue
- Services & Annual Maintenance Contracts – ~9.0% of Total Revenue
The flagship CP PLUS brand accounts for 86% of total revenue, driven by a portfolio shift toward high-value IP cameras. Revenue share from distributed global brands like Dahua fell below 5% as the company prioritized higher-margin indigenous manufacturing.
Product Portfolio & Categories of Aditya Infotech (FY26)
Aditya Infotech supplies over 2,900 Stock Keeping Units (SKUs) across security, smart home automation, and enterprise surveillance lines.
- Security Cameras & Recorders (DVRs/NVRs) – 67.0% of Total Revenue
- Smart Home IoT & Wi-Fi Consumer Cameras – 15.0% of Total Revenue
- Access Control, Video Door Phones & Time Attendance – 10.0% of Total Revenue
- Enterprise AI Solutions (ANPR, Heat Mapping, Thermal) – 8.0% of Total Revenue
Core cameras and recording systems constitute the major sales driver, supplemented by rapid adoption of consumer Wi-Fi cameras. Enterprise AI-powered products deliver solution-led growth across public infrastructure, banking, and real estate deployments.
Distribution & Retail Footprint of Aditya Infotech (FY26)
Aditya Infotech operates a wide channel distribution network covering metro markets, Tier-2, and Tier-3 urban centers.
- Active Channel Partners – 30,000+ distributors and dealers
- System Integrators – 1,800+ registered partners
- Physical Branch Offices & Service Centres – 54 operational locations
- Geographic Coverage – 550+ cities and towns nationwide
- Exclusive Retailing Outlets – 145+ "Galaxy Stores" and 5 "CP PLUS World" experience centres
Distribution reaches over 550 cities through 30,000+ channel partners and 1,800 system integrators. Direct consumer engagements are supported by 145 exclusive "Galaxy Stores" and 5 "CP PLUS World" experience hubs.
Manufacturing Facilities & Production Scale of Aditya Infotech (FY26)
Aditya Infotech operates an advanced manufacturing facility supporting national "Make in India" surveillance mandates.
- Flagship Manufacturing Plant – Kadapa, Andhra Pradesh (350,000 sq. ft.)
- Installed Surface Mount Technology (SMT) Lines – 12 operational lines
- Monthly Production Capacity (Q4 FY26) – 2.2 million units per month
- On-Floor Assembly Workforce – 4,000+ shop-floor personnel
- STQC Government Compliance Certification – >90% of relevant product portfolio
The Kadapa manufacturing complex operates 12 SMT lines with a monthly output capacity reaching 2.2 million units. STQC certification across over 90% of its product portfolio positions the company for institutional and government procurement tenders.
Latest Quarterly Financial Performance of Aditya Infotech (Q4 FY26)
Aditya Infotech achieved strong top-line revenue growth and operating margin expansion during the fourth quarter of FY26.
- Consolidated Revenue from Operations – Rs 1,422.00 crore (+45.5% YoY)
- Gross Margin – 31.8% (+940 bps YoY)
- Consolidated Operating EBITDA – Rs 258.30 crore (+162.4% YoY)
- Operating EBITDA Margin – 18.1% (+800 bps YoY)
- Consolidated Net Profit After Tax (PAT) – Rs 169.13 crore (+207.7% YoY)
Fourth-quarter top-line revenue expanded 45.5% year-on-year to Rs 1,422.00 crore, driven by high demand for STQC-certified IP cameras. Gross margins expanded to 31.8%, while Net Profit After Tax rose 207.7% to Rs 169.13 crore due to product mix enrichment and operating leverage.
Consolidated Annual Financial Performance of Aditya Infotech (FY26)
Aditya Infotech reported top-line expansion and net profit growth for full financial year FY26.
- Consolidated Revenue from Operations – Rs 4,220.80 crore (+35.6% YoY)
- Full Year Gross Margin – 28.8% (+730 bps YoY)
- Consolidated Operating EBITDA – Rs 579.00 crore (+124.1% YoY)
- Operating EBITDA Margin – 13.7% (+540 bps YoY)
- Adjusted Net Profit After Tax (PAT) – Rs 368.00 crore (+166.1% YoY)
Full-year operating revenue reached Rs 4,220.80 crore in FY26, supported by market share expansion in organized video surveillance. Annual EBITDA more than doubled to Rs 579.00 crore as operating margins expanded 540 basis points to 13.7%.
Balance Sheet Strength & Financial Ratios of Aditya Infotech (FY26)
Aditya Infotech improved its leverage and credit risk metrics following debt prepayment.
- Debt to Equity Ratio – 0.06x (down from 0.40x in FY25)
- Adjusted Net Worth – >Rs 1,150 crore
- Return on Equity (ROE) – 34.5%
- Return on Capital Employed (ROCE) – 33.3%
- Interest Coverage Ratio – >10.0x
The company reduced its debt to equity ratio to 0.06x following debt repayments funded via initial public offering (IPO) proceeds. Return on Capital Employed stood at 33.3%, supported by high asset turnover across manufacturing lines.
Capex Pipeline & Backward Integration Roadmap of Aditya Infotech (FY26–FY28)
Aditya Infotech executes capital expenditure projects to expand assembly scale, component localization, and cable manufacturing.
- Planned SMT Expansion Outlay – Rs 45.00 crore
- Targeted Monthly Production Capacity – 2.4 million units by H1 FY27
- Target Annual Capacity – 25.0 million units per annum by FY27
- Cable Manufacturing Joint Venture – Orient Cables JV in Rajasthan (Operational Q2/Q3 FY27)
- Greenfield Noida Facility – Sector 68 unit targeted for commissioning in Q4 FY27
Capital expenditure outlays focus on expanding Kadapa SMT lines to reach an annual capacity of 25 million units by FY27. A joint venture with Orient Cables will localize CCTV and network cable production in Rajasthan.
Management Commentary & Strategic Outlook of Aditya Infotech (FY27)
Management guidance highlights revenue targets, volume growth expectations, and price increase execution for FY27.
- Revenue Target Guidance (FY27) – Rs 6,000 crore to Rs 6,500 crore
- EBITDA Margin Guidance (FY27) – 14.0% to 15.0%
- PAT Margin Guidance (FY27) – 8.5% to 9.5%
- Targeted Volume Growth – 25% to 30% YoY in FY27 (vs industry growth of 15%–16%)
- Average Selling Price (ASP) Increase Target – +20% to +25% via price hikes and product mix
Management upgraded its FY27 revenue target to a range of Rs 6,000 crore to Rs 6,500 crore, expecting volume growth of 25% to 30%. Operating margins are guided at 14.0% to 15.0%, backed by phased monthly price increases and higher in-house housing and lens manufacturing.
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Sources & References
- Aditya Infotech Limited Q4 & Full Year FY26 Consolidated Financial Disclosures (May 2026)
- Aditya Infotech Limited Q3 FY26 Investor Presentation & Exchange Filings (December 2025)
- CRISIL Rating Rationale & Detailed Report for Aditya Infotech Limited (April 2026)
- Mangal Keshav Research IPO Investment Note for Aditya Infotech Limited
- Ticker Finology Aditya Infotech (CP PLUS) Page
Disclaimer
The information presented above on Aditya Infotech Limited has been compiled from the company's Annual Reports, Investor Presentations, Earnings Call (Concall) Transcripts, official regulatory filings and the financial data available on Finology Ticker. Certain figures, classifications or comparisons may vary due to differences in accounting policies, reporting methodologies or subsequent restatements by the company. This content is intended solely for informational purposes and should not be considered as investment advice. Investors are advised to refer to the latest company filings and the updated financial data, ratios and disclosures available on this Finology Ticker Aditya Infotech Limited page before making any investment decision. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.