🧲 At a Glance
Prizor Viztech Ltd (NSE: PRIZOR), the rising SME star of India’s surveillance tech space, just posted a 99.4% YoY revenue surge for FY25, clocking ₹71.09 Cr, while net profit shot up 83.8% to ₹10.14 Cr. Not bad for a company that only listed in July 2024.
So why did the stock hit 5% lower circuit today, closing at ₹201.90?
Because even the best surveillance tech can’t monitor market mood swings.
🏢 Company Snapshot
- Name: Prizor Viztech Ltd
- Listed On: NSE Emerge (July 2024)
- CIN: U26401GJ2017PLC095719
- Sector: Security & Surveillance Equipment
- Product Lines: CCTV cameras, smart panels, mobile DVRs, touch monitors, AI-enabled devices
- Manufacturing: Fully integrated unit in Gandhinagar with SMT lines, laser engraving, and P2P cloud server hosting
- Network: 6,100+ dealers, across 18+ states and 2 UTs
👔 Key Leadership
| Name | Designation |
|---|---|
| Mitali Gauswami | Managing Director & Promoter |
| Rasika Sawant / Sumit Jha | IR Consultants (X-B4 Advisory) |
📊 FY25 Financials – Consolidated
| Metric | FY25 (₹ Lakh) | FY24 (₹ Lakh) | YoY Growth |
|---|---|---|---|
| Revenue | 7,109.4 | 3,565.4 | +99.4% |
| EBITDA | 1,502.6 | 820.9 | +83.1% |
| EBITDA Margin | 21.1% | 23.0% | ⬇ 190 bps |
| PAT | 1,014.8 | 552.1 | +83.8% |
| PAT Margin | 14.3% | 15.5% | Slight compression |
| Basic EPS (₹) | 10.39 | 7.46 | +39.3% |
🔍 Note: EPS surge not fully visible due to expanded post-listing share base. H2 FY25 EPS = ₹6.01 vs H1 FY25 = ₹4.84
🧾 Segment-Wise Revenue Growth
| Segment | FY25 (₹ Lakh) | FY24 (₹ Lakh) | Growth |
|---|---|---|---|
| CCTV Cameras | 4,473.4 | 2,343.1 | +90.9% |
| Touch Panels, Monitors, TVs | 2,080.7 | 1,009.0 | +106.2% |
| Technical Services (Installs/Repairs) | 555.3 | 213.3 | +160.4% |
🧠 Edu Take: Not just selling boxes — Prizor is becoming a full-stack surveillance ecosystem.
🏭 Manufacturing & Infrastructure Highlights
- 🏗 New factory in Gandhinagar: 50 lakh CCTV unit capacity
- 💻 In-house P2P cloud servers: Better control, lower latency
- 🖥️ SMT + molding + laser units = vertical integration achieved
- 🧪 Dedicated R&D for AI, IoT, facial recognition, smart analytics
This isn’t a CCTV importer. It’s a Make in India, Think Global brand now.
🧠 What’s Behind the Crash?
CMP: ₹201.90
📉 -₹10.60 (-4.99%) — hit lower circuit today.
Possible triggers:
- Profit booking after near 100% YoY growth
- STQC regulatory pressure (Govt norms on surveillance gear compliance)
- Margins dipped slightly (from 23% → 21.1%) — investor nerves
- Valuation jump post-listing (EPS expansion hasn’t fully caught up yet)
But there’s no fundamental negative surprise.
⚙️ Regulatory Risk Mitigated
📢 Company has already:
- Booked STQC certification portal slots
- Submitted documentation + sample units
- Completed lab payments & facility inspections
✅ Proactive compliance = Risk minimised
🧠 Edu Verdict: Temporary overreaction — long-term roadmap unaffected.
📦 Strategic Initiatives
- 🎯 Launched AI-powered Prizor PLUS Series: facial recognition, number plate detection, analytics
- 🎯 Introduced Mobile DVRs & Interactive Smart Panels
- 🏬 Opened 2 display centres for live demo + branding
- 💼 Strengthened B2B sales via expo participation (Intersec Dubai, ACMA, SSSA)
- 🔁 Improved warranty → 1-year replacement + 2.5 years standard
💡 Forward Value (FV) Estimate
Let’s project based on FY25 numbers.
- FY25 EPS: ₹10.39
- Conservative P/E for niche electronics: 22×
🎯 FV = ₹10.39 × 22 = ₹228.58
➡️ CMP = ₹201.90 → Room for ~13% upside
➡️ If EPS grows at 30% CAGR, FY27 EPS ~₹17.50 = FV ₹385+
🧠 EduInvesting Take
📸 Prizor Viztech isn’t just wiring cameras — it’s wiring the future of Indian surveillance:
- 🔐 Full-stack product + service
- 📡 In-house tech + cloud + AI = moat
- 🧾 FY25 = 100% revenue growth, 80% PAT growth
- 📉 Margin dip & compliance noise = opportunity?
Today’s 5% correction?
A reminder that fast-growing SME stocks are still toddlers — they sometimes trip, but they also run fastest.
🧷 Tags
Prizor Viztech, PRIZOR NSE, FY25 results, CCTV stocks India, AI surveillance, STQC compliance, SME IPO 2024, EduInvesting, Gandhinagar factory, security tech stocks, IoT video analytics
Author: Prashant Marathe
Date: 29 May 2025
