C.E. Info Systems Ltd

C.E. Info Systems Ltd

₹ 1,598 0.60%
22 Nov - 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 8,692 Cr.
  • Current Price 1,598
  • High / Low 2,748 / 1,544
  • Stock P/E 62.7
  • Book Value 134
  • Dividend Yield 0.22 %
  • ROCE 28.7 %
  • ROE 22.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 44.1% CAGR over last 5 years

Cons

  • Stock is trading at 12.0 times its book value
  • Debtor days have increased from 89.4 to 109 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
56 43 55 62 67 59 66 75 80 76 85 86 84
31 28 30 31 37 32 39 38 40 42 49 46 50
Operating Profit 26 15 25 31 30 28 27 37 39 34 36 41 34
OPM % 45% 35% 46% 50% 45% 46% 40% 50% 49% 45% 42% 47% 41%
14 6 11 6 7 11 11 8 8 12 12 10 10
Interest 1 0 1 1 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 1 2 2 2 2 3 3
Profit before tax 37 19 34 35 36 36 36 43 45 43 46 48 41
Tax % 31% 17% 30% 28% 27% 18% 24% 23% 24% 25% 18% 22% 24%
25 16 24 25 26 30 28 33 34 32 38 37 31
EPS in Rs 6.28 2.96 4.43 4.72 4.87 5.56 5.15 6.20 6.31 5.98 6.99 6.89 5.75
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
149 135 149 152 198 254 316 331
102 114 118 101 112 138 169 186
Operating Profit 48 21 30 51 86 116 147 145
OPM % 32% 16% 20% 34% 44% 46% 46% 44%
11 28 15 40 39 35 40 44
Interest 0 0 3 3 2 2 1 1
Depreciation 6 5 9 9 8 6 9 9
Profit before tax 53 44 34 79 115 143 177 178
Tax % 33% 20% 25% 24% 26% 24% 22%
35 35 25 60 86 109 137 139
EPS in Rs 92.39 92.13 66.11 157.01 16.07 20.27 25.42 25.61
Dividend Payout % 0% 0% 0% 0% 12% 25% 14%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 27%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 44%
3 Years: 44%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -27%
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 Mar 2024 Sep 2024
Equity Capital 4 4 4 4 11 11 11 11
Reserves 108 154 166 227 427 524 645 716
129 129 152 149 16 12 7 5
37 30 38 49 51 94 87 59
Total Liabilities 278 317 360 428 505 641 750 790
22 20 40 33 28 29 38 52
CWIP 0 0 0 0 0 7 9 0
Investments 168 204 204 275 313 379 427 465
87 94 116 120 165 226 275 274
Total Assets 278 317 360 428 505 641 750 790

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
26 23 24 79 31 100 67
-26 -20 -2 -57 -11 -57 -50
-0 -0 -18 -6 -14 -5 -21
Net Cash Flow -0 3 4 17 5 38 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 72 64 76 68 78 82 109
Inventory Days 142 86 120 74 175 71 12
Days Payable 84 91 150 99 115 130 195
Cash Conversion Cycle 130 59 46 43 137 23 -74
Working Capital Days 25 30 38 6 69 11 56
ROCE % 9% 11% 19% 21% 27% 29%

Shareholding Pattern

Numbers in percentages

32 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.73% 53.73% 53.73% 53.31% 53.31% 53.31% 53.31% 52.93% 52.91% 52.91% 51.98% 51.67%
5.80% 5.57% 5.60% 5.57% 5.50% 6.61% 4.02% 5.74% 5.98% 6.73% 6.41% 6.44%
5.10% 4.80% 5.26% 5.07% 4.41% 4.85% 6.93% 5.79% 4.29% 4.73% 5.76% 5.76%
35.38% 35.90% 35.41% 36.05% 36.79% 35.22% 35.74% 35.53% 36.82% 35.64% 35.85% 36.14%
No. of Shareholders 1,35,4681,51,0181,45,2191,53,5851,53,3331,46,9821,47,2481,35,8201,62,1631,55,6751,59,3821,62,409

* 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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