C.E. Info Systems Ltd

C.E. Info Systems Ltd

₹ 1,997 0.37%
26 Apr 10:39 a.m.
About

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]

Key Points

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]

  • Market Cap 10,798 Cr.
  • Current Price 1,997
  • High / Low 2,344 / 1,019
  • Stock P/E 84.8
  • Book Value 112
  • Dividend Yield 0.15 %
  • ROCE 29.0 %
  • ROE 22.4 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 28.0% CAGR over last 5 years

Cons

  • Stock is trading at 17.8 times its book value
  • Working capital days have increased from 137 days to 335 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
49 47 43 56 43 55 62 67 59 66 75 80 76
29 28 24 31 28 30 31 37 32 39 38 40 42
Operating Profit 19 19 19 26 15 25 31 30 28 27 37 39 34
OPM % 40% 40% 44% 45% 35% 46% 50% 45% 46% 40% 50% 49% 45%
13 9 9 14 6 11 6 7 11 11 8 8 12
Interest 1 1 1 1 0 1 1 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 1 2 2 2
Profit before tax 30 25 26 37 19 34 35 36 36 36 43 45 43
Tax % 24% 17% 18% 31% 17% 30% 28% 27% 18% 24% 23% 24% 25%
22 20 21 25 16 24 25 26 30 28 33 34 32
EPS in Rs 58.60 53.33 54.60 6.28 2.96 4.43 4.72 4.87 5.56 5.15 6.20 6.31 5.98
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
149 135 149 152 198 254 296
102 114 118 101 112 138 159
Operating Profit 48 21 30 51 86 116 137
OPM % 32% 16% 20% 34% 44% 46% 46%
11 28 15 40 39 35 39
Interest 0 0 3 3 2 2 1
Depreciation 6 5 9 9 8 6 8
Profit before tax 53 44 34 79 115 143 168
Tax % 33% 20% 25% 24% 26% 24%
35 35 25 60 86 109 127
EPS in Rs 92.39 92.13 66.11 157.01 16.07 20.27 23.64
Dividend Payout % 0% 0% 0% 0% 12% 15%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 20%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 72%
TTM: 22%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 87%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 21%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 11 11 11
Reserves 108 154 166 227 427 524 594
Preference Capital 129 129 129 129 0
0 0 23 20 16 12 10
166 159 167 178 51 92 72
Total Liabilities 278 317 360 428 505 639 687
22 20 40 33 28 36 39
CWIP 0 0 0 0 0 0 0
Investments 168 204 204 275 313 379 422
87 94 116 120 165 224 226
Total Assets 278 317 360 428 505 639 687

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
26 23 24 79 31 100
-26 -20 -2 -57 -11 -57
-0 -0 -18 -6 -14 -5
Net Cash Flow -0 3 4 17 5 38

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 72 64 76 68 78 82
Inventory Days 142 86 120 74 175 49
Days Payable 84 91 150 99 115 130
Cash Conversion Cycle 130 59 46 43 137 1
Working Capital Days 25 30 38 6 69 335
ROCE % 9% 11% 19% 21%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.73% 53.73% 53.73% 53.31% 53.31% 53.31% 53.31% 52.93% 52.91% 52.91%
5.80% 5.57% 5.60% 5.57% 5.50% 6.61% 4.02% 5.74% 5.98% 6.73%
5.10% 4.80% 5.26% 5.07% 4.41% 4.85% 6.93% 5.79% 4.29% 4.73%
35.38% 35.90% 35.41% 36.05% 36.79% 35.22% 35.74% 35.53% 36.82% 35.64%
No. of Shareholders 1,35,4681,51,0181,45,2191,53,5851,53,3331,46,9821,47,2481,35,8201,62,1631,55,675

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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