C.E. Info Systems Ltd

C.E. Info Systems Ltd

₹ 1,864 2.37%
28 Mar - 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 10,088 Cr.
  • Current Price 1,864
  • High / Low 2,344 / 983
  • Stock P/E 81.5
  • Book Value 113
  • Dividend Yield 0.16 %
  • ROCE 27.4 %
  • ROE 21.7 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 16.6 times its book value
  • Working capital days have increased from 142 days to 353 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

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 57 43 57 65 76 68 72 89 91 92
29 29 25 31 28 32 35 46 40 44 52 51 57
Operating Profit 20 19 18 26 16 25 30 30 28 29 37 40 35
OPM % 40% 39% 42% 46% 36% 44% 46% 40% 41% 40% 42% 44% 38%
13 9 9 13 9 12 6 8 11 10 8 8 12
Interest 1 1 1 1 0 1 1 1 1 1 1 1 1
Depreciation 2 2 2 2 2 2 2 2 2 4 3 4 4
Profit before tax 30 24 25 37 22 34 34 36 36 34 42 44 42
Tax % 28% 21% 17% 32% 15% 33% 28% 29% 17% 18% 24% 25% 26%
22 19 21 25 19 23 24 25 30 28 32 33 31
EPS in Rs 56.33 49.70 53.18 6.36 3.48 4.23 4.54 4.74 5.52 5.22 6.00 6.11 5.69
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
135 149 152 200 281 345
110 119 101 114 164 203
Operating Profit 26 29 51 86 118 142
OPM % 19% 20% 34% 43% 42% 41%
28 15 40 42 34 39
Interest 3 3 3 2 3 3
Depreciation 9 10 10 8 10 15
Profit before tax 42 32 79 117 139 162
Tax % 20% 27% 24% 26% 23%
34 23 60 87 108 124
EPS in Rs 87.59 60.53 156.07 16.34 19.99 23.02
Dividend Payout % 0% 0% 0% 12% 15%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 24%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 74%
TTM: 22%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 87%
Return on Equity
10 Years: %
5 Years: %
3 Years: 21%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 11 11 11
Reserves 152 165 225 435 531 598
Preference Capital 129 129 129 0
25 22 20 19 29 26
159 168 179 53 99 90
Total Liabilities 340 358 428 518 671 725
44 41 33 43 56 60
CWIP 0 0 0 0 0 0
Investments 201 199 269 296 362 405
95 119 126 178 252 260
Total Assets 340 358 428 518 671 725

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
27 27 82 29 90
-19 -1 -58 -11 -63
-4 -19 -6 -11 8
Net Cash Flow 3 7 19 7 35

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 64 76 68 79 76
Inventory Days 86 119 74 191 93
Days Payable 82 152 99 120 99
Cash Conversion Cycle 69 44 43 150 69
Working Capital Days 32 38 3 70 353
ROCE % 10% 19% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
53.73% 53.73% 53.73% 53.31% 53.31% 53.31% 53.31% 52.93% 52.91%
5.80% 5.57% 5.60% 5.57% 5.50% 6.61% 4.02% 5.74% 5.98%
5.10% 4.80% 5.26% 5.07% 4.41% 4.85% 6.93% 5.79% 4.29%
35.38% 35.90% 35.41% 36.05% 36.79% 35.22% 35.74% 35.53% 36.82%
No. of Shareholders 1,35,4681,51,0181,45,2191,53,5851,53,3331,46,9821,47,2481,35,8201,62,163

* 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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