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 ₹ 10,982 Cr.
- Current Price ₹ 2,018
- High / Low ₹ 2,748 / 1,513
- Stock P/E 74.6
- Book Value ₹ 145
- Dividend Yield 0.17 %
- ROCE 27.7 %
- ROE 20.3 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 48.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 17.4%
Cons
- Stock is trading at 13.9 times its book value
- Working capital days have increased from 128 days to 303 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Part of BSE 500 BSE Information Technology Nifty 500 BSE SmallCap BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
135 | 149 | 152 | 200 | 281 | 379 | 463 | |
110 | 119 | 101 | 114 | 164 | 225 | 287 | |
Operating Profit | 26 | 29 | 51 | 86 | 118 | 155 | 176 |
OPM % | 19% | 20% | 34% | 43% | 42% | 41% | 38% |
28 | 15 | 40 | 42 | 34 | 38 | 52 | |
Interest | 3 | 3 | 3 | 2 | 3 | 3 | 3 |
Depreciation | 9 | 10 | 10 | 8 | 10 | 15 | 20 |
Profit before tax | 42 | 32 | 79 | 117 | 139 | 175 | 206 |
Tax % | 20% | 27% | 24% | 26% | 23% | 23% | 28% |
34 | 23 | 60 | 87 | 108 | 134 | 148 | |
EPS in Rs | 87.59 | 60.53 | 156.07 | 16.34 | 19.99 | 24.77 | 27.05 |
Dividend Payout % | 0% | 0% | 0% | 12% | 25% | 14% | 13% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 32% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 48% |
3 Years: | 32% |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 15% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 20% |
Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 11 | 11 | 11 | 11 |
Reserves | 152 | 165 | 225 | 435 | 531 | 648 | 780 |
154 | 151 | 149 | 19 | 29 | 26 | 30 | |
30 | 39 | 50 | 53 | 101 | 109 | 121 | |
Total Liabilities | 340 | 358 | 428 | 518 | 673 | 794 | 942 |
44 | 41 | 33 | 43 | 49 | 61 | 91 | |
CWIP | 0 | 0 | 0 | 0 | 7 | 10 | 0 |
Investments | 201 | 199 | 269 | 296 | 362 | 409 | 489 |
95 | 119 | 126 | 178 | 254 | 313 | 362 | |
Total Assets | 340 | 358 | 428 | 518 | 673 | 794 | 942 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
27 | 27 | 82 | 29 | 90 | 76 | ||
-19 | -1 | -58 | -11 | -63 | -59 | ||
-4 | -19 | -6 | -11 | 8 | -19 | ||
Net Cash Flow | 3 | 7 | 19 | 7 | 36 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 64 | 76 | 68 | 79 | 76 | 101 | 105 |
Inventory Days | 86 | 119 | 74 | 191 | 140 | 71 | 95 |
Days Payable | 82 | 152 | 99 | 120 | 99 | 144 | 194 |
Cash Conversion Cycle | 69 | 44 | 43 | 150 | 116 | 28 | 5 |
Working Capital Days | 32 | 38 | 3 | 70 | 25 | 55 | 303 |
ROCE % | 10% | 19% | 21% | 25% | 26% | 28% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 May - Q4 FY2025 earnings call audio recording submitted and available on company website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 May - Copy of Standalone & Consolidated Audited Financial Results for the quarter & year ended March 31, 2025 published in newspapers
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Announcement under Regulation 30 (LODR)-Resignation of Director
10 May - Independent Director Kartheepan Madasamy resigned on May 6, 2025 due to pre-occupation.
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Announcement under Regulation 30 (LODR)-Investor Presentation
9 May - Submission of Investor Presentation for Q4 FY 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 May - Q4 FY25 revenue up 34%, PAT up 28%, final dividend Rs 3.50/share declared.
Annual reports
Concalls
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May 2025TranscriptNotesPPT REC
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Feb 2025Transcript PPT
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Dec 2024TranscriptPPT
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Nov 2024Transcript PPT
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Nov 2024TranscriptNotesPPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Jun 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Apr 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 2022TranscriptNotesPPT
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]