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BSE: 543425 | NSE: MAPMYINDIA | IT - Software | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that CE Info Systems Ltd is a good quality company.
The key valuation ratios of CE Info Systems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of CE Info Systems Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.4% | 9.7% | 19.3% | 23.2% | 22.3% | 23.2% | - |
| Value Creation Index ⓘ | 0.1 | -0.3 | 0.4 | 0.7 | 0.7 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 135 | 149 | 152 | 198 | 254 | 316 | 316 |
| Sales YoY Gr. | - | 10.2% | 2.5% | 30% | 28.1% | 24.3% | - |
| Adj EPS ⓘ | 17.3 | 10.4 | 24.2 | 17.1 | 20 | 25.4 | 25.4 |
| YoY Gr. | - | -39.7% | 132.7% | -29.3% | 16.8% | 27.1% | - |
| BVPS (₹) ⓘ | 56.6 | 59.9 | 84.3 | 79.4 | 96.6 | 118.4 | 118.4 |
| Adj Net Profit ⓘ | 44.1 | 26.6 | 61.8 | 91.1 | 107 | 137 | 137 |
| Cash Flow from Ops. ⓘ | 23.2 | 24.1 | 79.5 | 30.6 | 99.7 | 66.6 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 18.5% | 27.5% | 24.3% | ||||
| Adj EPS ⓘ | NA | 8.1% | 1.6% | 27.1% | ||||
| BVPSⓘ | NA | 15.9% | 12% | 22.5% | ||||
| Share Price | - | - | - | 60.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15.4 | 9.1 | 18.8 | 22.9 | 22 | 23.1 | 21.5 |
| Op. Profit Mgn % ⓘ | 24.9 | 24.6 | 34.7 | 43.9 | 44.6 | 46.3 | 46.5 |
| Net Profit Mgn % ⓘ | 32.7 | 17.9 | 40.6 | 46 | 42.3 | 43.5 | 43.5 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 184 | 163 | 149 | 164 | 163 | 229 |
| Cash Conv. Cycle ⓘ | 0 | 57 | 58 | 54 | 45 | 33 | 186 |
Sales growth is growing at healthy rate in last 3 years 27.47%
Sales growth is good in last 4 quarters at 24.42%
Return on Equity has declined versus last 3 years average to 21.50%
Net Profit has been subdued in last 3 years 1.63%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 25.4 | 24.8 |
| TTM Sales (₹ Cr.) | 316 | 379 |
| BVPS (₹.) ⓘ | 118.4 | 119 |
| Reserves (₹ Cr.) ⓘ | 629 | 632 |
| P/BV ⓘ | 20.26 | 20.16 |
| PE ⓘ | 94.38 | 96.82 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1461.15 / 2745.05 |
| All Time Low / High (₹) | 983.45 / 2745.05 |
| Market Cap (₹ Cr.) | 12,970 |
| Equity (₹ Cr.) | 10.8 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 36.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 135 | 149 | 152 | 198 | 254 | 316 |
| Operating Expenses ⓘ | 114 | 118 | 102 | 120 | 141 | 170 |
| Manufacturing Costs | 7 | 6 | 5 | 2 | 2 | 2 |
| Material Costs | 20 | 15 | 16 | 19 | 37 | 40 |
| Employee Cost | 49 | 64 | 53 | 56 | 53 | 54 |
| Other Costs ⓘ | 37 | 35 | 28 | 43 | 48 | 73 |
| Operating Profit ⓘ | 21 | 30 | 51 | 78 | 113 | 146 |
| Operating Profit Margin (%) | 15.4% | 20.3% | 33.2% | 39.5% | 44.5% | 46.2% |
| Other Income ⓘ | 29 | 15 | 40 | 47 | 38 | 41 |
| Interest ⓘ | 0 | 3 | 3 | 2 | 2 | 1 |
| Depreciation ⓘ | 5 | 9 | 9 | 8 | 6 | 9 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 44 | 34 | 79 | 115 | 143 | 177 |
| Tax ⓘ | 9 | 8 | 19 | 30 | 34 | 40 |
| Profit After Tax | 35 | 25 | 60 | 86 | 109 | 137 |
| PAT Margin (%) | 26.2% | 17.0% | 39.5% | 43.2% | 42.8% | 43.5% |
| Adjusted EPS (₹) | 13.8 | 9.9 | 23.6 | 16.1 | 20.3 | 25.4 |
| Dividend Payout Ratio (%) | 0% | 21% | 0% | 12% | 15% | 14% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 273 | 282 | 344 | 423 | 518 | 640 | ||||
| Share Capital ⓘ | 133 | 133 | 133 | 11 | 11 | 11 | ||||
| Reserves ⓘ | 141 | 149 | 211 | 412 | 508 | 629 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 0 | 1 | 0 | 0 | 0 | 0 | ||||
| Long Term Debt | 0 | 1 | 0 | 0 | 0 | 0 | ||||
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Payables | 5 | 6 | 4 | 6 | 13 | 22 | ||||
| Others Liabilities ⓘ | 35 | 65 | 76 | 70 | 104 | 80 | ||||
| Total Liabilities ⓘ | 314 | 354 | 425 | 498 | 635 | 742 | ||||
Fixed Assets | ||||||||||
| Gross Block | 17 | 45 | 43 | 38 | 50 | 68 | ||||
| Accumulated Depreciation | 5 | 13 | 18 | 18 | 29 | 37 | ||||
| Net Fixed Assetsⓘ | 12 | 32 | 25 | 20 | 22 | 31 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 7 | 9 | ||||
| Investmentsⓘ | 204 | 204 | 275 | 313 | 379 | 427 | ||||
| Inventories | 3 | 4 | 3 | 7 | 1 | 0 | ||||
| Trade Receivables | 24 | 31 | 28 | 42 | 57 | 94 | ||||
| Cash Equivalents | 21 | 29 | 62 | 51 | 99 | 106 | ||||
| Others Assetsⓘ | 50 | 53 | 32 | 66 | 71 | 74 | ||||
| Total Assets ⓘ | 314 | 354 | 425 | 498 | 635 | 742 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 23 | 24 | 79 | 31 | 100 | 67 |
| PBT ⓘ | 44 | 34 | 79 | 115 | 143 | 177 |
| Adjustment ⓘ | -4 | 8 | -24 | -23 | -24 | -22 |
| Changes in Working Capital ⓘ | -0 | -5 | 39 | -26 | 22 | -53 |
| Tax Paid ⓘ | -16 | -12 | -15 | -36 | -41 | -36 |
| Cash Flow From Investing Activity ⓘ | -20 | -2 | -57 | -11 | -57 | -50 |
| Capex | -3 | -5 | -2 | -4 | -15 | -20 |
| Net Investments | -20 | -7 | -61 | 1 | -69 | -56 |
| Others ⓘ | 3 | 10 | 6 | -8 | 27 | 26 |
| Cash Flow From Financing Activityⓘ | 0 | -18 | -6 | -14 | -5 | -21 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 1 | 1 | 1 |
| Net Proceeds from Borrowing ⓘ | 0 | 1 | 0 | -1 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | -11 | 0 | -11 | 0 | -16 |
| Others ⓘ | 0 | -7 | -5 | -4 | -6 | -6 |
| Net Cash Flow ⓘ | 3 | 4 | 17 | 5 | 38 | -4 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 24.44 | 17.04 | 32.68 | 26.81 | 23.11 | 23.73 | ||||
| ROCE (%) | 15.41 | 12.44 | 24.8 | 29.39 | 29.78 | 29.95 | ||||
| Asset Turnover Ratio | 0.43 | 0.45 | 0.39 | 0.43 | 0.45 | 0.46 | ||||
| PAT to CFO Conversion(x) | 0.66 | 0.96 | 1.32 | 0.36 | 0.92 | 0.49 | Working Capital Days | |||
| Receivable Days | 64 | 67 | 71 | 65 | 71 | 87 | ||||
| Inventory Days | 9 | 10 | 9 | 9 | 6 | 1 | ||||
| Payable Days | 91 | 137 | 116 | 102 | 94 | 157 | ||||
C.E. Info systems 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). It is India’s leading provider of advanced digital maps, geospatial software and location-based IoT technologies. Having pioneered digital mapping in India in 1995, it has earned its market leadership position in this industry and built a strong moat by capitalizing on its early mover advantage, developing proprietary and integrated technologies, full stack product offerings, continuous innovation and robust sustainable business model. The company provides products, platforms, application programming interfaces (APIs) and solutions across a range of digital map data, software and IoT for the Indian market under the ‘MapmyIndia’ brand, and for the international market under the ‘Mappls’ brand.
The company derived majority of its revenue from B2B and B2B2C enterprise customers. Its business model is to charge its customers fees per period on a per vehicle, per asset, per transaction, per use case or per user basis, as applicable. Its arrangements with automotive OEMs typically envisage payments on a per vehicle basis for the contract period and top-up payments for internet services as subscription charges. For C&E customers, payments are typically received on a per geospatial transaction (or API query) basis, i.e. when the feature requiring geospatial element is used by an end consumer, for instance, a search result for the nearest service centre or merchant. It charge on a fixed price per term on a per use case basis, when the geospatial queries are not specified or known to it. For its Move IoT devices, payments are typically received for the sale of devices and subscription fees which are periodic in nature.
Business area of the company
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). It is India’s leading provider of advanced digital maps, geospatial software and location-based IoT technologies.
Awards and accreditations
Major events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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