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 ₹ 9,759 Cr.
- Current Price ₹ 1,783
- High / Low ₹ 2,167 / 1,513
- Stock P/E 62.0
- Book Value ₹ 145
- Dividend Yield 0.20 %
- ROCE 24.1 %
- ROE 17.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 44.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 17.4%
Cons
- Stock is trading at 12.3 times its book value
* 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
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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 135 | 149 | 152 | 200 | 281 | 379 | 463 | 483 | |
| 110 | 119 | 101 | 114 | 164 | 225 | 287 | 296 | |
| Operating Profit | 26 | 29 | 51 | 86 | 118 | 155 | 176 | 188 |
| OPM % | 19% | 20% | 34% | 43% | 42% | 41% | 38% | 39% |
| 28 | 15 | 40 | 42 | 34 | 38 | 52 | 56 | |
| Interest | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 3 |
| Depreciation | 9 | 10 | 10 | 8 | 10 | 15 | 20 | 22 |
| Profit before tax | 42 | 32 | 79 | 117 | 139 | 175 | 206 | 219 |
| Tax % | 20% | 27% | 24% | 26% | 23% | 23% | 28% | |
| 34 | 23 | 60 | 87 | 108 | 134 | 148 | 158 | |
| EPS in Rs | 87.59 | 60.53 | 156.07 | 16.34 | 19.99 | 24.77 | 27.05 | 28.94 |
| Dividend Payout % | 0% | 0% | 0% | 12% | 25% | 14% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 32% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 26% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 19% |
| Last Year: | 18% |
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 | 123 | |
| Total Liabilities | 340 | 358 | 428 | 518 | 673 | 794 | 944 |
| 44 | 41 | 33 | 43 | 49 | 61 | 90 | |
| CWIP | 0 | 0 | 0 | 0 | 7 | 10 | 1 |
| Investments | 201 | 199 | 269 | 296 | 362 | 409 | 489 |
| 95 | 119 | 126 | 178 | 254 | 313 | 364 | |
| Total Assets | 340 | 358 | 428 | 518 | 673 | 794 | 944 |
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 | 113 | |
| -19 | -1 | -58 | -11 | -63 | -59 | -102 | |
| -4 | -19 | -6 | -11 | 8 | -19 | -17 | |
| Net Cash Flow | 3 | 7 | 19 | 7 | 36 | -3 | -6 |
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 | 120 |
| Days Payable | 82 | 152 | 99 | 120 | 99 | 144 | 194 |
| Cash Conversion Cycle | 69 | 44 | 43 | 150 | 116 | 28 | 31 |
| Working Capital Days | 25 | 31 | -6 | 62 | -1 | 32 | 48 |
| ROCE % | 10% | 19% | 21% | 25% | 26% | 24% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2m - Project to the Company from Survey of India (SoI), Government of India
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22h - Investor meetings on Nov 13 (Anand Rathi G-200) and Nov 19 (JM Financial), both in-person.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22h - Interaction meeting will be conducted with Institutional Investors in Anand Rathi Annual Flagship Conference G-200 Summit
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Board Meeting Intimation for Notice Of The Board Meeting Scheduled To Be Held On November 10, 2025
2d - Board meeting on Nov 10, 2025 to approve unaudited Q2 and H1 results for September 30, 2025.
Annual reports
Concalls
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Aug 2025Transcript PPT REC
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May 2025TranscriptNotesPPT
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May 2025Transcript PPT REC
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May 2025TranscriptNotesPPT
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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 2024TranscriptNotesPPT
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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 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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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 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]