EMS Stock Hits 5% Upper Circuit After Receiving BIS Certification for 10 CCTV Models

Synopsis: Prizor Viztech Ltd shares hit 5% upper circuit upon receiving BIS-ER certification under the Compulsory Registration Scheme. The approval covers 10 additional CCTV models, confirming compliance with Indian safety and quality standards and allowing the company to market these products in India.

The shares of a Micro-Cap company that specialises in the design, assembly, and supply of intelligent, AI-powered video surveillance and security systems, are in focus upon receiving an additional BIS-ER (Electronic Registration) Certification under the Compulsory Registration Scheme (CRS)

With a market capitalization of Rs. 1,011.60 crores in the day’s trade, the shares of Prizor Viztech Limited hit a 5 percent upper circuit, making a high of Rs. 939.20 per share compared to its previous closing price of Rs. 894.50 per share.

What Happened

Prizor Viztech Limited, engaged in the design, assembly, and supply of intelligent, AI-powered video surveillance and security systems, hereby informs that it has received BIS-ER (Electronic Registration) certification under the Compulsory Registration Scheme (CRS) from an STQC-certified laboratory.

The certification has been granted vide registration number R-72003590 for 10 additional CCTV models. This approval confirms that the said products comply with the applicable Indian standards relating to quality, safety, and performance requirements for notified electronic and IT products.

With this certification, the Company is now eligible to market the registered products in India. This further strengthens regulatory compliance, enhances customer confidence, and aligns with the Government of India’s initiatives on product standardisation and safety.

What Does the New BIS-ER Certification Mean for the company?

The new BIS-ER (Electronic Registration) certification under the Compulsory Registration Scheme (CRS) means that Prizor Viztech’s additional CCTV models have been officially tested and approved as compliant with Indian standards for safety, quality, and performance. With registration number R-72003590 covering 10 new models, the company’s products now meet mandatory regulatory requirements for notified electronic and IT goods in India.

This approval allows Prizor Viztech to legally market and sell these CCTV systems in the Indian market, removing regulatory barriers for expansion. It also strengthens customer trust and brand credibility, as BIS certification signals reliability and adherence to government-approved standards, supporting the company’s growth in the competitive surveillance and security sector.

Financials & Others

The company’s standalone revenue rose by 165 percent from Rs. 40 crores in March 2025 to Rs. 106 crores in March 2026. Meanwhile, Net profit rose from Rs. 6 crores to Rs. 15 crores in the same period.

The company shows strong profitability with a ROCE of 37.7% and ROE of 35.5%, indicating efficient use of both capital employed and shareholder funds. A 3-year average ROE of 41.8% further highlights consistent performance and strong value creation over time.

Financial risk appears moderate with a debt-to-equity ratio of 0.56, suggesting balanced leverage. Working capital efficiency has also improved, with days reducing from 125 to 84.5, indicating better cash flow management. A low PEG ratio of 0.13 may also point to undervaluation if growth is sustainable.

Prizor Viztech Ltd manufactures a wide range of security and surveillance solutions, including IP cameras, analog cameras, and AI-enabled advanced cameras. The company is BIS-ER certified through an STQC-certified lab and is positioned as part of India’s push for indigenously developed surveillance technology.

Beyond security products, Prizor expanded in 2022 into LED TVs, monitors, and touch panel displays under the Prizor brand, manufactured via third-party partners. This diversification creates a broader ecosystem serving retail, government, education, and infrastructure sectors.

The company has a strong pan-India distribution network across 21 states and 3,000+ tehsils, supported by 11,000+ dealers for last-mile reach. With STQC compliance, AI-enabled camera development, and an IndieSemic MoU for SoC supply, Prizor is focusing on future-ready, backward-integrated manufacturing aligned with India’s “Make in India” initiative.

Industry Overview

The global video surveillance market is valued at $35.9 billion in FY25 and is expected to grow at a CAGR of 10.4% through FY30, indicating strong industry expansion. Over the same period, global volumes are projected to increase from 1.11 billion to 1.60 billion units, reflecting rising adoption driven by growing security needs and continued market penetration.

The domestic surveillance systems market shows steady and strong growth from 2022 to 2029, with both volume and revenue rising consistently each year. Volume increases from 28 million units in 2022 to 77 million units in 2029, while revenue grows from Rs. 78 billion to Rs. 200 billion over the same period. This reflects expanding adoption of surveillance systems, driven by increasing security needs and technological advancements, resulting in sustained market expansion throughout the forecast period.

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