Motilal Oswal has maintained its buy rating on Aditya Infotech with a target price of ₹4,850 in its latest research report. According to the brokerage's analysis, the company holds a 43.3% market share in India's structurally underpenetrated surveillance market, positioning it advantageously in the current competitive landscape.
The ongoing supply chain challenges have created favorable conditions for Aditya Infotech, with the brokerage noting that CP PLUS has an edge due to its diversified base of non-Chinese suppliers including Qualcomm, Ambarella, Augentix, Innofusion, Realtek SOC, and Sony. As reported by Motilal Oswal, the company's scale is approximately 10-15 times that of domestic peers, while its balance sheet enables inventory management capabilities that competitors lack. This supply-chain resilience is becoming a significant competitive advantage for the company.
According to Motilal Oswal's research, the company is expected to deliver robust performance with estimated revenue/EBITDA/PAT CAGR of 37%/47%/50% over FY26-29. The brokerage highlights that Aditya Infotech is strategically expanding its current total addressable market by adding new adjacent products and exploring overseas market opportunities, which should continue to drive strong performance in the coming years.
As reported by Motilal Oswal, Aditya Infotech is incrementally expanding its current total addressable market by adding new adjacent products and exploring expansion in overseas markets. The company's supply-chain resilience, combined with its diversified supplier base and scale advantages, positions it well to capitalize on these growth opportunities in the surveillance technology sector.
