C.E. Info Systems Ltd

C.E. Info Systems Ltd

₹ 2,018 -1.81%
20 May - close price
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 10,982 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
57 65 76 68 72 89 91 92 107 101 104 115 144
32 35 46 40 44 52 51 57 67 59 67 73 88
Operating Profit 25 30 30 28 29 37 40 35 40 42 37 41 55
OPM % 44% 46% 40% 41% 40% 42% 44% 38% 37% 42% 36% 36% 38%
12 6 8 11 10 8 8 12 12 10 10 9 23
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 2 2 2 2 4 3 4 4 4 5 6 5 4
Profit before tax 34 34 36 36 34 42 44 42 47 47 41 44 74
Tax % 33% 28% 29% 17% 18% 24% 25% 26% 19% 24% 25% 27% 33%
23 24 25 30 28 32 33 31 38 36 30 32 49
EPS in Rs 4.23 4.54 4.74 5.52 5.22 6.00 6.11 5.69 7.02 6.62 5.58 5.96 8.93
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
53.73% 53.31% 53.31% 53.31% 53.31% 52.93% 52.91% 52.91% 51.98% 51.67% 51.67% 51.65%
5.60% 5.57% 5.50% 6.61% 4.02% 5.74% 5.98% 6.73% 6.41% 6.44% 4.66% 4.44%
5.26% 5.07% 4.41% 4.85% 6.93% 5.79% 4.29% 4.73% 5.76% 5.76% 7.14% 8.91%
35.41% 36.05% 36.79% 35.22% 35.74% 35.53% 36.82% 35.64% 35.85% 36.14% 36.54% 35.01%
No. of Shareholders 1,45,2191,53,5851,53,3331,46,9821,47,2481,35,8201,62,1631,55,6751,59,3821,62,4091,66,2701,56,853

* 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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