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Aditya Infotech Limited (CPPLUS) Fair Value & Analysis

Industrials · IN · Market cap ₹422B (≈ $4.5B)

What is Aditya Infotech Limited really worth?

AI Aditya Infotech Limited CPPLUS · NSE
Price₹3,705
Fair Value₹763.08
Upside−79.4%
Quality57/100

A solid business, but trading 385% above our fair value of ₹763.08.

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Risks

!Expensive Growth (revenue 3y +22.7 %/yr)
!Thin margins · 8.7% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (7/13)
!Moderate moat 64/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 1 out of 100
Evidence: Medium Range ₹280.24 – ₹992.01

Fair value as of: Aug 18, 2026

From 17 valuation models · updated 17 days ago

Share price +4.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹992.01). The favourable scenario is already priced in.
  • The model range is unusually wide (₹280.24 to ₹992.01). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (13 months)

₹3,899 ₹1,057 Fair Value ₹763.08 Aug 2025 Sep 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 18, 2026.

How to read this chart

13‑month range ₹1,057 – ₹3,899 · fair‑value band ₹280.24 – ₹992.01 · the ₹3,705 price screens above the ₹763.08 fair value. As of Aug 18, 2026.

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Analysis

Aditya Infotech Limited (CPPLUS) currently trades at ₹3,705, while our model-based Fair Value estimate is ₹763.08, implying the stock looks roughly 385.4% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ₹1,116 per share, and 0 of the 17 models we run sit above the ₹3,705 price. Bear case: the Asset-Based group reads lowest at ₹106.70, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Aditya Infotech Limited generated revenue of ₹42.2B at a net margin of 8.7%. Revenue grew 45.5% year over year. It earns a return on equity of 25.4%. Net debt stands at ₹2.7B. Fundamentals as of Aug 18, 2026

Our scenario range runs from ₹280.24 (bear case) to ₹992.01 (bull case); at ₹3,705, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades near its 52-week high and 265% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at −79%, CPPLUS screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹13.13 per share, which is 1.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹26.27 to ₹1,481). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV best evidence ₹357.29 ₹418.61 ₹473.10 71
ROIC Compounder ₹469.36 ₹719.78 ₹1,003 68
Owner Earnings ₹416.01 ₹961.50 ₹2,158 67
All 17 models by family
DCF Models
Owner Earnings ₹416.01 ₹961.50 ₹2,158 67
Earnings-Based
Graham-Dodd ₹212.31 ₹1,481 ₹2,078 60
Lynch FV ₹534.16 ₹763.08 ₹992.01 58
PEG = 1.0 ₹534.16 ₹763.08 ₹992.01 55
EPV best evidence ₹357.29 ₹418.61 ₹473.10 71
Dividend Discount
Gordon GGM ₹14.69 ₹32.07 ₹53.97 63
DDM Multi-Stage ₹14.69 ₹26.27 ₹33.43 64
Multiples
P/E Multiple ₹655.68 ₹874.24 ₹1,093 63
P/S Multiple ₹398.09 ₹530.79 ₹663.48 58
P/B Multiple ₹398.09 ₹530.79 ₹663.48 55
EV/EBIT ₹801.48 ₹1,065 ₹1,329 66
EV/EBITDA ₹667.75 ₹887.05 ₹1,106 67
EV/Revenue ₹410.07 ₹581.59 ₹753.11 54
Asset-Based
NCAV (Graham) ₹79.63 ₹106.70 ₹159.26 54
Economic Profit
Residual Income ₹223.50 ₹317.16 ₹1,875 61
ROIC Compounder ₹469.36 ₹719.78 ₹1,003 68
Growth Earnings
Growth-Adj P/E ₹781.08 ₹1,116 ₹1,451 65

Widest divergence: Growth Earnings (₹1,116) versus Dividend Discount (₹26.27). Highest evidence: EPV (71).

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Key figures & financial health

P/E ratio 115.0
P/S ratio 10.0 P/E × margin
EPS (TTM) ₹32.22 price ÷ EPS = P/E 115.0
Dividend yield 0.0% payout 5.1%
Net margin 8.7% FY2026
Return on equity 25.4% TTM
More key figures
Profitability
Return on assets (EBIT) 10.6% avg 5y
Operating margin 16.5% TTM
Growth
Revenue (TTM) ₹42.2B TTM
Revenue growth (YoY) +45.5% 3y avg +22.7%
EPS growth (YoY) +187%
Balance sheet & cash flow
Free cash flow −₹1.2B FY2026
Net debt ₹2.7B FY2025

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 54 · Market factors (momentum, volatility) 75

Profitability 62
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 97
Distance to the 52-week high (market factor)
Net Issuance 78
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Aditya Infotech Limited manufactures, assembles and trades security and surveillance equipment in India and internationally.

Full company description

Aditya Infotech Limited manufactures, assembles and trades security and surveillance equipment in India and internationally. The company offers analog cameras, digital video recorders, internet protocol network cameras, network video recorders, biometric products, access control products, mobile surveillance solutions, body-worn cameras, temperature screening solutions, interactive displays, routers, cables, power supplies, and thermal cameras. It also provides temperature screening solutions, explosion-proof cameras, integrated central command and control software, AI/ deep learning-based video analytics solutions, access control, time-attendance solutions, biometric products, video doorbells and video door-phones, HMS, AMS, interactive displays, monitors, SD Cards, as well as other accessories and products including cabling, racks, storage solutions and customized solutions; and products for enterprise and consumer segments under the CP PLUS and Dahua brands. In addition, it offers AI-IoT-based centralized remote electronic surveillance services under the OnVigil brand for intruder detection and prevention, fire safety protection and prevention, AI-powered video monitoring, standard operating protocol monitoring, and health monitoring of surveillance systems, as well as attendance monitoring cloud-based solutions, and user interface and cloud software solutions. Further, it provides cloud storage services for surveillance management under CP PLUS Cloud Storage brand name; and software solutions, such as health monitoring systems, attendance management systems, and video management software. It offers its products to government establishments, retail chains, financial institutions, residential, industrial warehouse, public spaces, and infrastructure projects. The company was formerly known as Perfect Lucky Goldstar International Limited and changed its name to Aditya Infotech Limited in August 1997. The company was founded in 1994 and is based in Noida, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Aditya Infotech Limited reported revenue of ₹42.2B in FY2026 versus ₹16.5B in FY2022, a compound +26.5%/yr. Reported net income was ₹3.7B in FY2026, compounding +39.6%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹42.2B
Latest YoY
+35.5%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.7%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+30.4% (30.4 + 0.0)
Revenue +26.5%/yr
FY22 ₹16.5B
FY23 ₹22.8B
FY24 ₹27.8B
FY25 ₹31.1B
FY26 ₹42.2B
Net income +39.6%/yr
FY22 ₹969M
FY23 ₹1.1B
FY24 ₹1.2B
FY25 ₹3.5B
FY26 ₹3.7B

CPPLUS screens 385% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Aditya Infotech Limited Fair Value". https://www.fairvalue-calculator.com/stock/CPPLUS

Peer Group

Building Products & Equipment · 243 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 57 · Above median
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 17% · Top 25%
Revenue growth 46% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 115.0× · Pricier than 75% of peers
P/B 22.48× · Pricier than 75% of peers
P/S (TTM) 10.00× · Pricier than 75% of peers
EV/EBITDA 76.7× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 11
PAST100 · sector 25
HEALTH99 · sector 95
DIVIDEND1 · sector 41

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $454.31 $208.50 −54%
Johnson Controls International plc JCI $142.23 $44.75 −69%
Carrier Global Corporation CARR $57.25 $16.85 −71%
Compagnie de Saint-Gobain S.A SGO €81.20 €97.97 +21%
Geberit AG GEBN CHF 577.80 CHF 307.66 −47%
Lennox International Inc LII $377.25 $363.09 −4%
Kingspan Group KRX €87.30 €66.79 −23%
Masco Corporation MAS $74.64 $53.22 −29%
Carlisle Companies Incorporated CSL $356.53 $340.70 −4%
BELIMO Holding BEAN CHF 878.50 CHF 227.18 −74%

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Frequently asked questions

Is Aditya Infotech Limited (CPPLUS) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of ₹763.08 versus a price of ₹3,705, about −79% upside (overvalued).
What is the fair value of CPPLUS?
Our model-based fair value for Aditya Infotech Limited is ₹763.08 (as of Aug 18, 2026), built from audited fundamentals. The current price: ₹3,705.
What is the quality score of CPPLUS?
Aditya Infotech Limited has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Aditya Infotech Limited (CPPLUS)?
Aditya Infotech Limited reported trailing-twelve-month revenue of about ₹42.2B (latest available figure, as of Aug 18, 2026).
What is the net profit margin of CPPLUS?
The net profit margin of Aditya Infotech Limited is about 8.7%, meaning it keeps roughly 8.7% of revenue as net income. Based on the latest reported figures.
Does Aditya Infotech Limited pay a dividend?
Aditya Infotech Limited currently shows a dividend yield of about 0.04% relative to its recent price (as of Aug 18, 2026).
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