C.E. Info Systems Ltd
C E Info Systems Limited (“MapmyIndia”) was incorporated on February 17, 1995. The company is a data and technology products and platforms company, offering proprietary digital maps as a service (“MaaS”), software as a service (“SaaS”), and platform as a service (“PaaS”). They are India’s leading provider of advanced digital maps, geospatial software, and location-based IoT technologies.[1]
- Market Cap ₹ 4,760 Cr.
- Current Price ₹ 870
- High / Low ₹ 2,167 / 858
- Stock P/E 34.0
- Book Value ₹ 157
- Dividend Yield 0.41 %
- ROCE 27.6 %
- ROE 19.8 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 46.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 17.0%
Cons
- Earnings include an other income of Rs.61.4 Cr.
- Working capital days have increased from 41.4 days to 69.6 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 149 | 135 | 149 | 152 | 198 | 254 | 316 | 384 | 391 | |
| 102 | 114 | 118 | 101 | 112 | 138 | 169 | 218 | 239 | |
| Operating Profit | 48 | 21 | 30 | 51 | 86 | 116 | 147 | 166 | 151 |
| OPM % | 32% | 16% | 20% | 34% | 44% | 46% | 46% | 43% | 39% |
| 11 | 28 | 15 | 40 | 39 | 35 | 40 | 52 | 61 | |
| Interest | 0 | 0 | 3 | 3 | 2 | 2 | 1 | 1 | 1 |
| Depreciation | 6 | 5 | 9 | 9 | 8 | 6 | 9 | 10 | 16 |
| Profit before tax | 53 | 44 | 34 | 79 | 115 | 143 | 177 | 206 | 196 |
| Tax % | 33% | 20% | 25% | 24% | 26% | 24% | 22% | 27% | |
| 35 | 35 | 25 | 60 | 86 | 109 | 137 | 150 | 140 | |
| EPS in Rs | 92.39 | 92.13 | 66.11 | 157.01 | 16.07 | 20.27 | 25.42 | 27.57 | 25.72 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 12% | 25% | 14% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 25% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 30% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -6% |
| 1 Year: | -45% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 21% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 108 | 154 | 166 | 227 | 427 | 524 | 645 | 779 | 850 |
| 129 | 129 | 152 | 149 | 16 | 12 | 7 | 2 | 10 | |
| 37 | 30 | 38 | 49 | 51 | 94 | 87 | 84 | 113 | |
| Total Liabilities | 278 | 317 | 360 | 428 | 505 | 641 | 750 | 876 | 983 |
| 22 | 20 | 40 | 33 | 28 | 29 | 38 | 62 | 68 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 7 | 9 | 0 | 0 |
| Investments | 168 | 204 | 204 | 275 | 313 | 379 | 427 | 511 | 553 |
| 87 | 94 | 116 | 120 | 165 | 226 | 275 | 303 | 361 | |
| Total Assets | 278 | 317 | 360 | 428 | 505 | 641 | 750 | 876 | 983 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 26 | 23 | 24 | 79 | 31 | 100 | 67 | 111 | |
| -26 | -20 | -2 | -57 | -11 | -57 | -50 | -91 | |
| -0 | -0 | -18 | -6 | -14 | -5 | -21 | -24 | |
| Net Cash Flow | -0 | 3 | 4 | 17 | 5 | 38 | -4 | -4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 64 | 76 | 68 | 78 | 82 | 109 | 98 |
| Inventory Days | 142 | 86 | 120 | 74 | 175 | 71 | 12 | 28 |
| Days Payable | 84 | 91 | 150 | 99 | 115 | 130 | 195 | 103 |
| Cash Conversion Cycle | 130 | 59 | 46 | 43 | 137 | 23 | -74 | 23 |
| Working Capital Days | 25 | 30 | 31 | -3 | 61 | 4 | 50 | 70 |
| ROCE % | 9% | 11% | 19% | 21% | 27% | 29% | 28% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Total Customer Base Number |
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| Map Coverage - Roads Million Km |
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| Points of Interest (POI) Count Million |
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| New Vehicles Integrated in the Year Million |
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| Open Order Book INR Cr |
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| Smart IoT Devices Sold Lakh |
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| Mappls App User Base/Downloads Million |
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| Market Share in Embedded Navigation (Auto OEMs) Percentage |
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Documents
Announcements
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Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
10 Mar - Tata Mutual Fund schemes disclosed open-market acquisition of C.E. Info Systems shares; Regulation 29(2) disclosure received (Mar 9, 2026).
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 5 Mar
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
2 Mar - C.E. Info Systems completed INR 2,00,00,000 capital contribution to Prashant Advanced Survey LLP for 20% on March 2, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
28 Feb - Feb 28, 2026 report: ClarityX–Mastercard co-powered by MapmyIndia highlights hyperlocal, multi-party data driving retail growth.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 25 Feb
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT REC
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May 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT
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Dec 2024TranscriptPPT
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Nov 2024Transcript PPT REC
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Nov 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Jan 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Jun 2023TranscriptAI SummaryPPT
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Jun 2023TranscriptAI SummaryPPT
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Apr 2023Transcript PPT
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Apr 2023TranscriptPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
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Jan 2022TranscriptAI SummaryPPT
Market Position
MapmyIndia has been an early mover (started in 1995) in India’s digital mapping and pioneered digital mapping in India. It is India’s leading provider of advanced digital maps, geospatial software & location-based IoT technologies serving B2B and B2B2C enterprise customers. [1]