Aditya Infotech Ltd. share price target

Aditya Infotech (AIL) holds ~43.3% market share in India's structurally underpenetrated surveillance market. The ongoing supply chain challenges have further crippled the competition, which has placed CP PLUS in a strong position to gain further share.

Aditya Infotech Ltd (AIL) has emerged as the pioneer in the rapidly growing video surveillance market in India. AIL, through its well-regarded brand “CP Plus”, has 1,000+ distributors and 2,500+ system integrators and operates as the third-largest Closed Circuit Television (CCTV) manufacturer in the world.

Aditya Infotech (AIL) exited FY26 with strong operational momentum, materially outperforming earlier expectations on growth, market share and profitability.

We visited Aditya Infotech's (AIL) manufacturing facility at Kadapa, Andhra Pradesh. We note that the company has the world’s third-largest CCTV manufacturing capacity (ex-China) and largest in India.

Aditya Infotech (AIL)’s Q3FY26 print beat our and consensus expectations. AIL sustained its profitability trajectory, strong operational discipline and robust execution.

Aditya Infotech (AIL) will likely continue to gain market share driven by increased brand equity, manufacturing expansion and favourable regulatory norms – this emerged as an essential insight from the management meet, held at IFSEC India.

We initiate coverage on Aditya Infotech (CP PLUS) with a BUY rating driven by its strengthening leadership in India’s fast-growing video surveillance market.

IPO NOTE

Aditya Infotech Ltd (AIL) offers a comprehensive range of advanced video security and surveillance products under its brand CP PLUS'. The company also offers fully integrated security systems and Security-as-aService, directly and via distribution networks to end-customers engaged in a broad range of sectors such as banking, insurance, real estate,...