Aditya Infotech: investors need to focus on far range clarity as valuation looks stretched for now

Aditya Infotech shares have surged 427 percent from the IPO price of Rs 675 to Rs 3,558.50, taking market cap to nearly Rs 42,000 crore. Management has guided for around 50 percent revenue growth in FY27 with sustainable Ebitda margins of 14-15 percent, but near-term valuation appears stretched at about 47x EV/Ebitda on FY27 estimates. Long-term prospects remain supported by the STQC certification mandate and a fast-growing CCTV market, though rising chip costs and rupee depreciation may cap margin expansion.