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India's largest video-surveillance company, selling CP Plus branded CCTV cameras, recorders and smart home security devices.
India's largest video-surveillance company, selling CP Plus branded CCTV cameras, recorders and smart home security devices.
Hardware sales through a network of dealers to security installers carry the business, with enterprise projects and government tenders on top, so volumes follow installer demand and public bids. Part of its range is made in India rather than imported, which suits buyers that favour local manufacture. The company listed on the stock exchanges in 2025.
In one line: India's Hikvision distributor-brand hybrid.
Moat: narrow (brand, distribution). Strong dealer network and brand recall in India's surveillance market versus Chinese imports.
Headquarters: Noida, India · Employees: 1,402
Size Aditya Infotech (CPPLUS.NS) is an India Consumer Discretionary company (Electronics/Appliances) with a market value of $5.37B, the 202nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹4,131 on 6 Nov 2026.
Performance Over six months the shares gained 67.7%, against +7.9% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 35.6% over the last twelve months (peer median +5.3%); the operating margin is 13.3% (peer median 7.5%).
Valuation It trades at 69.9× forward earnings against a peer median of 17.6× (3rd most expensive of 21).
Capital Return on invested capital runs 15.3 points above its cost of capital (10.6% WACC).
Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹48.8B | ₹42.2B | ₹31.1B | ₹27.8B | ₹22.8B |
| Revenue growth | — | +36% | +12% | +22% | — |
| Gross profit | ₹10.3B | ₹8.06B | ₹4.22B | ₹3.53B | ₹2.67B |
| EBITDA | ₹7.09B | ₹5.74B | ₹2.51B | ₹2.25B | ₹1.63B |
| Net income | ₹4.77B | ₹3.68B | ₹3.51B | ₹1.15B | ₹1.08B |
| Free cash flow | n/a | -₹1.34B | -₹276M | -₹2.17B | ₹375M |
| Capital expenditure | n/a | ₹1.36B | ₹265M | ₹189M | ₹71.2M |
| Total debt | n/a | ₹1.80B | ₹4.57B | ₹4.36B | ₹4.27B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Aditya Infotech CPPLUS.NS | $5.37B | +68% | +36% | 13% | 69.9× | n/a |
| Hangzhou Hikvision Digital Technology 002415.SZ | $49.1B | -3% | +8% | 19% | 17.5× | 2.6% |
| Zhejiang Dahua Technology 002236.SZ | $7.04B | -21% | +7% | 7% | 12.3× | n/a |
| Motorola Solutions MSI | $85.1B | +34% | +10% | 25% | 27.0× | 16.4% |
| Canon 7751.T | $28.4B | +18% | +4% | 10% | 12.2× | -0.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CPPLUS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.6% | +3.9% | 8th lowest of 21 |
| 6-month return | +67.7% | +7.9% | 2nd highest of 21 |
| Distance from 52-week high | -10.6% | -16.1% | 8th highest of 21 |
| Revenue growth (TTM) | +35.6% | +5.3% | 2nd highest of 21 |
| Operating margin | 13.3% | 7.5% | 4th highest of 21 |
| Forward P/E | 69.9× | 17.6× | 3rd most expensive of 21 |
| ROIC minus cost of capital | +15.3 pp | +3.7 pp | 4th highest of 21 |
| EV / EBITDA | 71.5× | 8.5× | most expensive of 9 |
| Net debt / EBITDA | -0.2× | 0.7× | 5th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Aditya Infotech CPPLUS.NS | India | $5.37B | +68% | +36% | 13% | 69.9× | n/a | n/a |
| Zhejiang Supor 002032.SZ | China | $5.37B | -4% | 0% | 10% | 18.0× | -2.8% | +4.1% |
| Hisense Visual Technology 600060.SS | China | $5.31B | +8% | -2% | 5% | 12.8× | -3.4% | +8.0% |
| Beijing Roborock Technology 688169.SS | China | $5.29B | +17% | +31% | 8% | 17.3× | 4.6% | +32.8% |
| Coway 021240.KS | South Korea | $5.56B | +26% | +14% | 18% | 10.8× | n/a | n/a |
| TCL Electronics 1070.HK | Hong Kong | $6.01B | +3% | +14% | 3% | 12.4× | -2.3% | +17.6% |
| Howden Joinery HWDN.L | United Kingdom | $6.12B | +16% | +4% | 15% | 16.6× | 14.9% | +9.3% |
| Arashi Vision 688775.SS | China | $6.41B | -45% | +74% | -1% | 135.2× | n/a | n/a |
| Hisense Home Appliances 000921.SZ | China | $4.37B | -2% | -11% | 3% | 14.2× | -11.4% | +12.7% |
| Shenzhen MTC 002429.SZ | China | $4.30B | -42% | +3% | 7% | 22.1× | n/a | n/a |
| Ecovacs Robotics 603486.SS | China | $4.22B | -25% | +10% | 7% | 14.5× | 16.2% | +21.4% |
| De'Longhi DLG.MI | Italy | $7.65B | +23% | +6% | 13% | 18.0× | 14.2% | +10.1% |
| Seb SK.PA | France | $3.55B | +8% | -1% | 8% | 12.1× | -0.8% | +3.3% |
| Breville BRG.AX | Australia | $3.33B | +13% | +7% | 11% | 31.1× | 26.4% | +8.8% |
| Nikon 7731.T | Japan | $3.17B | -12% | -4% | -2% | 45.4× | n/a | n/a |
| Joyoung 002242.SZ | China | $2.87B | +131% | -7% | -1% | 159.7× | n/a | n/a |
| Kingclean Electric 603355.SS | China | $2.79B | +4% | -2% | 8% | 35.9× | 4.4% | +9.4% |
| Casio Computer 6952.T | Japan | $2.74B | +24% | +12% | 11% | 15.9× | 0.2% | +4.0% |
| IMAX IMAX | United States | $2.61B | +35% | +15% | 23% | 18.8× | 12.2% | +24.5% |
| Electrolux ELUX-A.ST | Sweden | $2.50B | +11% | -3% | -1% | 18.1× | 1.2% | +2.6% |
| Cowell e 1415.HK | Hong Kong | $2.38B | -33% | +15% | 7% | 9.8× | -10.3% | +36.2% |