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CE Info Systems Ltd (MAPMYINDIA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543425 NSE: MAPMYINDIA IT - Software | Small Cap | CE Info Systems Share Price
₹924.70 -14.60 (-1.55%)
As on 11-Sep'26 15:13
CE Info Systems Ltd (MAPMYINDIA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543425 NSE: MAPMYINDIA IT - Software | Small Cap | CE Info Systems Share Price
₹924.70 -14.60 (-1.55%)
As on 11-Sep'26 15:13
Key Metrics
Valuation Multiples
Market Cap
₹5,144 Cr.
Current Price
₹924.7
52-Week Low / High
₹795 / 2,000
TTM EPS
₹25.2
TTM Sales
₹492 Cr.
Book Value per Share
₹173.9
P/E Ratio
37.32
Lower than its 5-year historical median
Industry PE
20.8
Price to Book (P/B)
5.40
Lower than its 5-year historical median
Price to Sales (P/S)
10.45
Lower than its 5-year historical median
EV/EBITDA
21.61
Lower than its 5-year historical median
Dividend Yield
0.38%
Profitability Efficiency
Return on Equity (ROE)
15.71%
Outperforms industry median
Return on Capital Employed (ROCE)
21.90%
Outperforms industry median
Return on Assets (ROA)
13.69%
Operating Profit Margin
36.3%
Net Profit Margin
28.27%
Gross Profit Margin
47.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.39%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-3.9%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.19%
Asset Quality
Promoter Holding
51.41%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹941 Cr.
Equity
₹11 Cr.
Face Value
₹2
All Time Low / High
₹795.25 / 2745.05
Check Before You Invest
Quality
Very GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
Is CE Info Systems Ltd a good quality company?
CE Info Systems Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does CE Info Systems Ltd performance compare with that of its Peers?
Revenue growth of CE Info Systems Ltd vs industry peers?
CE Info Systems Ltd revenue CAGR is 21.34%, compared to the industry median CAGR of 3.19%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of CE Info Systems Ltd?
Promoters hold 51.41% of the CE Info Systems Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of CE Info Systems Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -18.25% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
CE Info Systems Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.4% | 12.4% | 24.8% | 29.4% | 29.8% | 30% | 28.3% | 22.1% | - |
| Value Creation Index ⓘ | 0.1 | -0.1 | 0.8 | 1.2 | 1.2 | 1.2 | 1.1 | 0.6 | - |
Growth Parameters ⓘ |
|||||||||
| Sales ⓘ | 135 | 149 | 152 | 198 | 254 | 316 | 384 | 401 | 423 |
| Sales YoY Gr. | - | 10.2% | 2.5% | 30% | 28.1% | 24.3% | 21.6% | 4.4% | - |
| Adj EPS ⓘ | 17.3 | 10.4 | 24.2 | 17.1 | 20 | 25.4 | 26.7 | 23.5 | 26.1 |
| YoY Gr. | - | -39.7% | 132.7% | -29.3% | 16.8% | 27.1% | 4.9% | -11.7% | - |
| BVPS (₹) ⓘ | 56.6 | 59.9 | 84.3 | 79.4 | 96.6 | 118.4 | 147.7 | 169.5 | 179.6 |
| Adj Net Profit ⓘ | 44.1 | 26.6 | 61.8 | 91.1 | 107 | 137 | 145 | 129 | 143 |
| Cash Flow from Ops. ⓘ | 23.2 | 24.1 | 79.5 | 30.6 | 99.7 | 66.6 | 111 | 109 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 21.3% | 16.4% | 4.4% | ||||
| Adj EPS ⓘ | NA | -0.6% | 5.6% | -11.7% | ||||
| BVPSⓘ | NA | 15% | 20.6% | 14.8% | ||||
| Share Price | - | - | -19.1% | -43.7% | ||||
Key Financial Parameters ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15.4 | 9.1 | 18.8 | 22.9 | 22 | 23.1 | 19.8 | 14.8 | 15 |
| Op. Profit Mgn % ⓘ | 24.9 | 24.6 | 34.7 | 43.9 | 44.6 | 46.3 | 43.2 | 37.9 | 37.1 |
| Net Profit Mgn % ⓘ | 32.7 | 17.9 | 40.6 | 46 | 42.3 | 43.5 | 37.8 | 32.2 | 33.8 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 184 | 163 | 149 | 188 | 207 | 206 | 253 | 217 |
| Cash Conv. Cycle ⓘ | 0 | 57 | 58 | 54 | 45 | 33 | 39 | -32 | 167 |
Valuation of CE Info Systems - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Sales | 135 | 149 | 152 | 200 | 281 | 379 | 463 | 474 |
| Operating Expenses > ⓘ + | 110 | 119 | 102 | 122 | 166 | 225 | 284 | 302 |
| Operating Profit > ⓘ | 26 | 29 | 51 | 78 | 115 | 154 | 179 | 172 |
| Operating Profit Margin (%) | 18.9% | 19.7% | 33.3% | 39.0% | 40.9% | 40.7% | 38.6% | 36.3% |
| Other Income > ⓘ + | 28 | 15 | 40 | 50 | 37 | 40 | 53 | 56 |
| Interest > ⓘ | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 |
| Depreciation > ⓘ | 9 | 10 | 10 | 8 | 10 | 15 | 20 | 30 |
| Profit Before Tax > ⓘ | 42 | 32 | 79 | 117 | 139 | 175 | 206 | 189 |
| Tax > ⓘ | 8 | 8 | 19 | 30 | 32 | 41 | 58 | 55 |
| Profit After Tax | 34 | 23 | 60 | 87 | 108 | 134 | 148 | 134 |
| PAT Margin (%) | 24.8% | 15.6% | 39.2% | 43.4% | 38.2% | 35.4% | 31.9% | 28.3% |
| Adjusted EPS (₹) | 13.1 | 9.1 | 23.4 | 16.3 | 20.0 | 24.8 | 27.1 | 24.5 |
| Dividend Payout Ratio (%) | 0% | 23.10% | 0% | 12.20% | 15% | 14.10% | 12.90% | 14.30% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 272 | 281 | 342 | 431 | 525 | 643 | 804 | 902 | |||
| Debt + | 0 | 1 | 0 | 3 | 17 | 18 | 28 | 0 | |||
| Minority Interest | 0 | 0 | 0 | -0 | 0 | 1 | 1 | 0 | |||
| Trade Payables | 4 | 6 | 4 | 6 | 13 | 25 | 41 | 62 | |||
| Others Liabilities ⓘ | 60 | 65 | 77 | 72 | 141 | 137 | 66 | 54 | |||
| Total Liabilities ⓘ | 336 | 353 | 425 | 512 | 697 | 825 | 940 | 1,019 | |||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 36 | 32 | 25 | 36 | 41 | 54 | 83 | 98 | |||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 7 | 10 | 1 | 8 | |||
| Investments ⓘ | 201 | 199 | 269 | 296 | 362 | 409 | 489 | 517 | |||
| Inventories | 3 | 4 | 3 | 8 | 12 | 8 | 15 | 17 | |||
| Trade Receivables | 24 | 31 | 28 | 44 | 58 | 105 | 133 | 176 | |||
| Cash Equivalents | 21 | 32 | 67 | 60 | 104 | 113 | 79 | 84 | |||
| Others Assets ⓘ | 51 | 54 | 32 | 68 | 112 | 125 | 141 | 119 | |||
| Total Assets ⓘ | 336 | 353 | 425 | 512 | 697 | 825 | 940 | 1,019 | |||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 27 | 27 | 82 | 29 | 90 | 76 | 117 | 93 |
| Cash Flow From Investing Activity ⓘ + | -19 | -2 | -58 | -11 | -63 | -59 | -84 | -48 |
| Cash Flow From Financing Activity ⓘ + | -4 | -19 | -6 | -11 | 8 | -19 | -17 | -53 |
| Net Cash Flow ⓘ | 3 | 6 | 19 | 7 | 35 | -3 | 16 | -7 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 23.5 | 15.72 | 32.7 | 27.04 | 22.5 | 23 | 20.4 | 15.71 | ||
| ROCE (%) | 15.58 | 11.8 | 24.78 | 29.6 | 28.16 | 28.78 | 27.57 | 21.9 | ||
| Asset Turnover Ratio | 0.4 | 0.43 | 0.39 | 0.43 | 0.47 | 0.5 | 0.53 | 0.48 | ||
| PAT to CFO Conversion(x) | 0.79 | 1.17 | 1.37 | 0.33 | 0.83 | 0.57 | 0.79 | 0.69 | ||
| Working Capital Days | ||||||||||
| Receivable Days | 64.50 | 67.60 | 71.10 | 65.40 | 66 | 78.40 | 93.60 | 119.10 | ||
| Inventory Days | 9.40 | 9.70 | 8.60 | 9.80 | 13.10 | 9.90 | 9.10 | 12.30 | ||
| Payable Days | 82.30 | 132 | 116.90 | 103.40 | 72.70 | 109.60 | 212.80 | 313.20 | ||
Top 5 Mutual Funds Holding
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Announcements
CE Info Systems Ltd FAQs
The current trading price of CE Info Systems on 11-Sep-2026 15:13 is ₹924.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of CE Info Systems stood at ₹5,143.7 Cr
The latest P/E ratio of CE Info Systems as of 10-Sep-2026 is 35.97.
The latest P/B ratio of CE Info Systems as of 10-Sep-2026 is 5.23.
The 52-week high of CE Info Systems is ₹2,000 and the 52-week low is ₹795.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CE Info Systems is ₹423 ( Cr.) .
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 Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of CE Info Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About CE Info Systems Ltd
C.E. Info systems, popularly known as MapmyIndia, was founded in 1995 by visionaries Rakesh and Rashmi Verma, who believed that nearly 80% of all data would eventually be linked to a location. This foresight led to the company creating India’s most comprehensive and intricate digital map database. Over the years, MapmyIndia has remained a pioneer in digital mapping and geospatial solutions, continuously expanding its capabilities to include high-definition maps, realtime geospatial analytics, and Internet of Things (IoT) platforms.
The company’s core strengths lie in developing and integrating Maps as a Service (MaaS), Software as a Service (SaaS), and Platform as a Service (PaaS) into a cohesive suite of geospatial technology offerings. MapmyIndia is a full-stack, location intelligence platform company offering digital maps, software, Application Programming Interfaces (APIs), IoT hardware, and analytics solutions to businesses, governments, and consumers across India and abroad. It is uniquely positioned with proprietary IP, regulatory alignment, and a focus on scalable innovation.
It serves the domestic market through their ‘MapmyIndia’ brand and the international market through the ‘Mappls’ brand. The company has been primarily catering to two distinct market segments - Consumer Tech and Enterprise Digital Transformation (C&E) and Automotive and Mobility Tech (A&M). Moreover, their offerings can be divided on two fronts - Map led and IoT led.
Business area of the company
The company provides digital map data, GPS navigation and location-based services, software and customizing its products to customers (combined) through royalty, annuity, subscription.
Awards and accreditations
- 2004: The Company was declared as a showcase company for the ‘IT Innovation in India’ by NASSCOM
- 2008: The Company was awarded the ‘Geospatial Product of the Year’ for its product, ‘MapymyIndia Navigator’ at the Indian Geospatial Awards 2008 by Geospatial Today.
- 2009: The Company was recognised as nominee for ‘Gender Inclusivity Awards 2009’ in ‘Corporate Awards for Excellence in Gender Inclusivity 2009’ by NASSCOM.
- 2011: The Company was awarded the ‘Most Innovative Mobile Application of the Year’ in India IT & Telecom Excellence Awards by Frost & Sullivan.
- 2012: The Company was declared as the ‘Most Popular Geospatial Data Portal in India - mapmyindia.com’ at the Indian Geospatial Forum, 2012 held at Gurugram, India.
- 2014: The Company was awarded the ‘Hall of Fame 2014’ in recognition of entrepreneurial zeal, growth and excellence’ by Inc. India.
- 2017: The Company was awarded the ‘India’s Most Trusted Company 2017’ in the category of India’s Most Trusted Navigation & Mapping Solutions Company by International Brand Consulting Corporation, USA.
- 2018: The Company was awarded the News18 award for “Viewer’s Choice Brand for Driving vehicle Safety” at the Tech and Auto Awards 2018.
- 2020: The company was awarded the first place in the Others category under the Digital India AatmaNirbhar Bharat App Innovation Challenge by MyGov for MapmyIndia Move: Maps Navigation & Tracking.
- 2020: The company’s technology division performed benchmark appraisal and achieved CMMI V2.0 Maturity Level 3 certification by IQI Consulting Services Private Limited.
- 2023: The highest honor BITS Ratna Awards 2023 bestowed to Rakesh Verma, Founder and Chairman of MapmyIndia, alumni at BITS Pilani.
- 2024: MapmyIndia showcased its Mappls Pro Suite for the BFSI sector, powered by Location AI, at premier industry platforms including the Global Fintech Summit, 5th Digital Bharat Fintech Summit, and the 6th Annual India NBFC Summit & Awards 2024.
- 2025: Gtropy showcased its SaaS solutions at the Future of Supply Chain, Logistics & Warehousing Summit & Awards 2025, highlighting IoT’s role in supply chains. It also won the ‘Best Use of AI in Logistics’ award, reinforcing its leadership in smart logistics.
Major events and milestones
- 1995: Incorporation of Company.
- 1995: Built India’s digital maps.
- 2004: Launched India’s internet mapping portal and internet mapping technologies.
- 2007: Launched pan-India GPS navigation system.
- 2007: Series A Investors invested an aggregate amount of Rs 56.76 million in the Company.
- 2007: Series B Investor invested an aggregate amount of Rs 106.97 million in the Company.
- 2008: Qualcomm (Series C Investor) invested an aggregate amount of Rs 235.61 million in the Company.
- 2008: Series A Investors further invested an aggregate amount of Rs 93.74 million in the Company.
- 2008: Series B Investor further invested an aggregate amount of Rs 94.52 million in the Company.
- 2011: Zenrin (Series D Investor) invested an aggregate amount of Rs 723.99 million in the Company.
- 2011: Launched IoT (GPS-based telematics) platform.
- 2015: Flipkart (Series E Investor) invested an aggregate amount of Rs 97.59 million in the Company.
- 2015: Launched map and location API platform for developers.
- 2016: The Company started building transportation, logistics and workforce automation platforms.
- 2017: The Company started building AI-powered 4D HD Digital Map Twin of the Real World.
- 2017: Launched nation-wide unique digital address and location, eLoc.
- 2019: Launched geospatial analytics and GIS platform.
- 2019: Launched N-CASE mobility suite for digital vehicle transformation.
- 2021: Entered into a MoU with the Department of Space, Government of India for exchange of select geospatial services and APIs.
- 2021: Integrated with the GoI’s Co-WIN app for providing real time maps for COVID-19 related information such as tracking of vaccine centres.
- 2022: The company goes public.
- 2022: Mappls global platform released with integrated maps of over 200 countries.
- 2022: Acquired and integrated Gtropy Systems Pvt. Ltd. to expand IoT business.
- 2023: Launched Mappls RealView and Metaverse maps.
- 2023: Relaunch of Mappls IoT gadgets.
- 2023: Mappls MapmyIndia, becomes No. 1 on App Store in India across all categories.
- 2024: Incorporated a JV Company i.e. PT Terra Link Technologies, Indonesia for focusing the business in South East Asia.
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