Buy Aditya Infotech; target of Rs 1,800: ICICI Securities

ICICI Securities is bullish on Aditya Infotech has recommended buy rating on the stock with a target price of Rs 1,800 in its research report dated December 05, 2025.

Broker Research

January 14, 2026 / 13:16 IST

Top Buy Ideas for January 14

ICICI Securities's research report on Aditya Infotech

AIL’s broad STQC-certified portfolio, multi-centre R&D, and strong channel reach reinforce its competitive advantages in the industry. With improving compliance-led demand visibility, growing brand equity under CP PLUS brand, and an expanding STQC certified products, AIL is well placed to gain market share and sustain profitable growth over the medium-long term, in our view. We model AIL India to report revenue/PAT CAGRs of 24.3%/65.2% over FY25– 28E. Our DCF-based target price works out to INR 1,800 (implying 58x FY27E and 46x FY28E EPS).

Outlook

We model AIL India to report revenue/PAT CAGRs of 24.3%/65.2% over FY25–28E. We initiate coverage on the stock with a BUY rating and a DCF-based target price of INR 1,800 (implying target P/E of 58x FY27E and 46x FY28E EPS).

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