⚡ At a Glance
Prizor Viztech Ltd (NSE: PRIZOR) has dropped its first full-year audited results since listing in July 2024, and let’s just say: they’re not watching the market, the market is watching them.
In FY25, the Ahmedabad-based CCTV and display solutions company:
- 🔥 Doubled revenue YoY to ₹7,109 lakh
- 💰 PAT jumped 83.8% YoY to ₹1,014.8 lakh
- 🏭 Commissioned a massive Gandhinagar plant with 50 lakh CCTV unit capacity
- 🎥 Launched the AI-powered Prizor Plus Series
- 📈 CMP: ₹211.00 (as of May 29, 2025), up 2.58%
If you’re looking for a smallcap with real operational meat and not just hype — this one’s making real noise (and not just from motion alerts).
🏢 About the Company
| Detail | Info |
|---|---|
| Company | Prizor Viztech Ltd |
| CIN | U26401GJ2017PLC095719 |
| Listed On | NSE SME (Symbol: PRIZOR) |
| Sector | Security Tech (CCTV, Monitors, Smart Panels, AI surveillance) |
| Headquarters | Ahmedabad, Gujarat |
| Website | www.prizor.in |
| Listed Since | July 2024 |
💸 FY25 Financial Highlights (Consolidated)
| Metric | FY25 | FY24 | YoY Growth |
|---|---|---|---|
| Revenue (₹ Lakhs) | 7,109.4 | 3,565.4 | 🔼 99.4% |
| EBITDA | 1,502.6 | 820.9 | 🔼 83.1% |
| EBITDA Margin | 21.1% | 23.0% | ⬇ Slight Dip |
| PAT | 1,014.8 | 552.1 | 🔼 83.8% |
| PAT Margin | 14.3% | 15.5% | ⬇ Slight Dip |
| Basic EPS | 10.39 | 7.46 | 🔼 39.3% |
🎯 Fun fact: They listed mid-year, so EPS jump is under-reported due to base effects — actual post-listing EPS for H2FY25 was ₹6.01.
📊 Segment-Wise Performance
| Segment | FY25 Revenue (₹ Lakhs) | YoY Growth |
|---|---|---|
| CCTV Cameras | 4,473.4 | 🔼 90.9% |
| Touch Panels & Monitors | 2,080.7 | 🔼 106.2% |
| Installation & Repairs | 555.3 | 🔼 160.4% |
So yes, they’re not just selling cameras — they’re selling ecosystems. Screens, servers, repairs, and all.
🏭 Manufacturing Expansion: Gandhinagar Goes Hardcore
In FY25, Prizor opened a vertically integrated plant capable of producing 50 lakh CCTV units/year. Here’s what’s inside:
- ⚙️ SMT lines for PCB assembly
- 🛠️ Injection molding machines
- 🔫 Laser engraving units
- ☁️ Dedicated cloud server infra for their P2P surveillance tech
💡 This isn’t just assembly — it’s infrastructure-grade control over compliance and quality. And it’s all “Make in Gujarat.”
🧠 AI + IoT = Prizor Plus Series
This new AI-powered product line includes:
- Facial recognition
- Number plate detection
- Real-time analytics
So basically, Prizor wants to turn every shop, home, and traffic signal into a data-powered security node.
🛍️ Operational Highlights
| Initiative | Details |
|---|---|
| Display Centres | 2 launched to boost on-ground engagement |
| New R&D Centre | Focused on AI, IoT, connected security devices |
| Expanded Product Portfolio | Mobile DVRs, Interactive Smart Panels |
| Dealer Network | 6,100+ dealers across 18+ states & 2 UTs |
| Trade Expos | Participated in Rajkot, Ahmedabad, Dubai (Intersec Expo) |
| Warranty Boost | From 2.5-year warranty ➜ to +1-year replacement guarantee |
They aren’t just scaling — they’re actually becoming India’s branded face in the highly fragmented CCTV market.
📢 Management Commentary
Mrs. Mitali Gauswami (MD) pulled no punches in the press release:
“FY25 was a milestone year. We nearly doubled revenue, expanded operations, and ensured STQC regulatory compliance proactively.”
She also dropped the best smallcap flex you could imagine:
“We now have our own SMT lines, molding machines, and even our own cloud infra.”
In other words — no more blaming Chinese OEMs for failure. They’ve gone full desi.
⚠️ Risk Radar: What Could Go Wrong?
- STQC Certification – Still pending, though process is initiated
- Margins Flatlining – PAT and EBITDA margins dropped slightly — need to watch inflation and tech input costs
- SME Liquidity – NSE SME stocks can see wild swings in volume and price
- Execution Risk – Scaling AI products + 6,000+ dealers = operational complexity
🔍 EduInvesting Take
Let’s be real — most SME IPOs are fluff. But Prizor Viztech has receipts.
- Near 100% revenue growth
- Real factory with vertical integration
- AI-infused product suite
- Strong channel network and export ambitions
- A promoter who knows what she’s building
CMP at ₹211?
Even at a conservative P/E of 20x on FY25 EPS of ₹10.39 = forward valuation of ₹207.80.
You know what that means? The current price is justified — and any future growth will actually need earnings to back it up.
That’s rare. And a good sign.
📅 Published: May 29, 2025
✍️ By: Prashant Marathe
Tags: Prizor Viztech, SME Earnings, FY25 Results, Security Tech, Surveillance Stocks, CCTV India, AI in Security, NSE SME Stocks, EduInvesting
