Aditya Infotech Ltd.
NSE: CPPLUSAditya Infotech Ltd.: A 30-second snapshot
CP Plus (Aditya Infotech) is an NSE-listed surveillance hardware and solutions company trading at ₹2,464, up 55.69% over 3 months and 4.3% below its 52-week high. Trailing PE of 113.6 is the highest among its 6-stock Infrastructure peer group, supported by 5-year earnings CAGR of 123.5% and a claimed 39% domestic surveillance market share. Debt-to-equity stands at 8.04 with a rising trend, while FCF has been positive in only 3 of the years for which data is available.
P/E
113.6
Forward P/E
67.1
ROE
—
Debt / Equity
8.04
Profit Margin
+6.7%
Div. Yield
—
5Y ROE > 15%
4/5
5Y FCF > 0
3/5
Quality
55/100
News
8 headlines · 4 positive · 0 negative
Aditya Infotech (CP Plus) - MSCI rejig: These 14 smallcap stocks may see inflows worth $135 million. Do you own? - The Economic Times
The Economic Times
Can Qualcomm, AI, And The Shift To IP Cameras Justify Aditya Infotech's 130% Rally? - NDTV Profit
NDTV Profit
CP PLUS hits 39% market share, but can it hold on? - The Indian Express
The Indian Express
Aditya Infotech IPO Opens at ₹640-₹675 Price Band - HDFC Sky
HDFC Sky
Aditya Infotech Stock Surges on Cable JV, But High Valuation Stirs Caution - Whalesbook
Whalesbook
Recent context
- ·NDTV Profit reported that Qualcomm chip integration and the shift from analog to IP cameras are cited as the primary drivers behind a 130% stock rally, raising questions about whether hardware margin improvement will follow the revenue shift.
- ·The Economic Times flagged CPPLUS (Aditya Infotech) as one of 14 smallcap stocks potentially seeing inflows tied to an MSCI index rejig — a flow event rather than a fundamental re-rating.
- ·The Indian Express noted CP Plus holds a 39% domestic surveillance market share and raised the question of whether that share is sustainable as the market draws more competition.
Strengths
- +5-year revenue CAGR of 37.3% and earnings CAGR of 123.5% reflect accelerating operational scale in a market where the company reports 39% domestic surveillance share.
- +Forward PE of 67.1 represents a meaningful compression from the trailing PE of 113.6, indicating consensus expects earnings to grow significantly in the near term.
- +Consistency score of 78 and ROE above 15% in 4 of the available years point to periods of above-median capital efficiency relative to peers with null ROE.
- +Quality score of 45 places CPPLUS 3rd of 6 Infrastructure peers — mid-pack — and 55.69% price appreciation over 3 months is the largest short-term move in the visible peer set.
Weaknesses
- −Debt-to-equity of 8.04 with a rising trend is substantially above levels typical for technology hardware; FCF has been positive in only 3 of the years available, meaning expansion has leaned heavily on external financing.
- −Trailing PE of 113.6 is the highest in the 6-stock peer group; the sector range runs from 33.4 (L&T) to 108.7 (CGPOWER), leaving CPPLUS as an outlier on valuation.
- −Profit margin of 6.72% is thin for a branded hardware and solutions business, leaving little buffer if input costs or competitive pricing pressure intensifies.
- −With only 192 bars of price history the 200-DMA is unavailable, removing a standard longer-term trend anchor; the 1-year price change is similarly absent, making multi-period momentum assessment incomplete.
Open questions
- ?Does the 5-year earnings CAGR of 123.5% reflect durable operating leverage, or is it partly a function of base effects from a low-profit starting point — and what does the trajectory of the 6.72% margin tell you?
- ?At a D/E of 8.04 with rising debt, how sensitive is the earnings profile to an increase in interest rates or a refinancing cycle, particularly given that FCF has been positive in only 3 of the available years?
- ?The forward PE of 67.1 versus trailing PE of 113.6 implies a roughly 40% earnings step-up is already priced in — what specific product mix, geographic expansion, or margin recovery underpins that expectation?
- ?If MSCI smallcap inclusion materialises, how much of the recent price move (55.69% over 3 months) appears to already reflect that anticipated inflow, and what does the demand picture look like absent that catalyst?
Peer comparison: Infrastructure
Ranks 3 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| CPPLUS | Aditya Infotech Ltd.You're viewing | 113.6 | — | 45 |
| Industry avg | across 5 peers | 69.5 | +18.3% | 40 |
| BEL | Bharat Electronics Ltd. | 51.8 | — | 57 |
| ABB | ABB India Ltd. | 87.0 | — | 47 |
| CGPOWER | CG Power and Industrial Solutions Ltd. | 108.7 | +19.6% | 45 |
| LT | Larsen & Toubro Ltd. | 33.4 | +16.9% | 26 |
| CUMMINSIND | Cummins India Ltd. | 66.7 | — | 24 |
Technical state
Current price
₹2,464.30
SMA 50
₹2,019.51
SMA 200
—
RSI (14)
68.1 (neutral)
From 52w high
-4.3%
1Y return
—
3M return
+55.7%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 8.04 with a rising debt trend is materially elevated for a technology hardware company; FCF was positive in only 3 of the available years, indicating the multi-year revenue and earnings expansion has been substantially debt-financed.
- mediumTrailing PE of 113.6 is the highest among the 6-stock Infrastructure peer group (next: CGPOWER 108.7, ABB 87.0, sector range 33.4–108.7); forward PE of 67.1 implies the price already embeds significant earnings acceleration; profit margin stands at 6.72%.
- mediumPrice has risen 55.69% over 3 months and sits only 4.3% below its 52-week high; RSI is at 68.06 (approaching the upper boundary of the neutral band); with only 192 bars of price history available the 200-DMA cannot be computed, removing a key longer-term trend reference.
- lowAnalyst consensus rating value is null despite 4 analysts being tracked — the numerical rating could not be retrieved, limiting analyst-view analysis. ROE is also null in the fundamental block, preventing quality ranking on that dimension.
Cross-section contradictions
- 5-year earnings CAGR of 123.5% and a reported 39% domestic surveillance market share signal strong operational momentum, yet D/E of 8.04 with a rising debt trend and FCF positive in only 3 of the available years indicate growth has been heavily debt-financed rather than organically self-funded.
- News sentiment is uniformly constructive (4 positive, 0 negative across 8 articles) and the MSCI smallcap inclusion discussion adds a near-term flow catalyst, yet the stock is already up 55.69% over 3 months with a trailing PE of 113.6 — the highest in its peer group — suggesting price has moved materially ahead of reported fundamental improvement.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days