CE Info Systems Ltd - Stock Valuation and Financial Performance

BSE: 543425 | NSE: MAPMYINDIA | IT - Software | Small Cap

CE Info Systems Share Price

1,839.40 -15.00 -0.81%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on CE Info Systems

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

CE Info Systems stock performance -

mw4me loader
P/E Ratio (SA):
78.12
Market Cap:
9,946 Cr.
52-wk low:
983.5
52-wk high:
2,340

Is CE Info Systems Ltd an attractive stock to invest in?

1. Is CE Info Systems Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that CE Info Systems Ltd is a good quality company.

2. Is CE Info Systems Ltd undervalued or overvalued?

The key valuation ratios of CE Info Systems Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is CE Info Systems Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of CE Info Systems Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of CE Info Systems:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.4%9.7%19.3%23.2%22.3%-
Value Creation
Index
0.1-0.30.40.70.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 135149152198254296
Sales YoY Gr.-10.2%2.5%30%28.1%-
Adj EPS 17.310.424.217.12023.6
YoY Gr.--39.7%132.7%-29.3%16.8%-
BVPS (₹) 56.659.984.379.496.6117.8
Adj Net
Profit
44.126.661.891.1107127
Cash Flow from Ops. 23.224.179.530.699.7-
Debt/CF from Ops. 00000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA19.5%28.1%
Adj EPS NANA24.3%16.8%
BVPSNANA17.3%21.7%
Share Price - - - 79.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.49.118.822.92222
Op. Profit
Mgn %
24.924.634.743.944.646.4
Net Profit
Mgn %
32.717.940.64642.343
Debt to
Equity
00000-
Working Cap
Days
0184163149164265
Cash Conv.
Cycle
057585445214

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.00%

Sales growth is growing at healthy rate in last 3 years 19.53%

Net Profit is growing at healthy rate in last 3 years 24.33%

Sales growth is good in last 4 quarters at 21.73%

No data to display

Latest Financials - CE Info Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 23.6 22.9
TTM Sales (₹ Cr.) 296 345
BVPS (₹.) 117.8 118.6
Reserves (₹ Cr.) 626 630
P/BV 15.62 15.52
PE 78.12 80.19
From the Market
52 Week Low / High (₹) 983.45 / 2340.00
All Time Low / High (₹) 983.45 / 2340.00
Market Cap (₹ Cr.) 9,946
Equity (₹ Cr.) 10.8
Face Value (₹) 2
Industry PE 33.5

Management X-Ray of CE Info Systems:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of CE Info Systems

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales135149152198254
Operating Expenses 114118102120141
Manufacturing Costs76522
Material Costs2015161937
Employee Cost 4964535653
Other Costs 3735284348
Operating Profit 21305178113
Operating Profit Margin (%) 15.4%20.3%33.2%39.5%44.5%
Other Income 2915404738
Interest 03322
Depreciation 59986
Exceptional Items 00000
Profit Before Tax 443479115143
Tax 98193034
Profit After Tax 35256086109
PAT Margin (%) 26.2%17.0%39.5%43.2%42.8%
Adjusted EPS (₹)13.89.923.616.120.3
Dividend Payout Ratio (%)0%21%0%12%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 273282344423518
Share Capital 1331331331111
Reserves 141149211412508
Minority Interest00000
Debt01000
Long Term Debt01000
Short Term Debt00000
Trade Payables564613
Others Liabilities 35657670104
Total Liabilities 314354425498635

Fixed Assets

Gross Block1745433846
Accumulated Depreciation513181824
Net Fixed Assets1232252022
CWIP 00007
Investments 204204275313379
Inventories34371
Trade Receivables2431284257
Cash Equivalents 2129625199
Others Assets5053326671
Total Assets 314354425498635

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 23247931100
PBT 443479115143
Adjustment -48-24-23-24
Changes in Working Capital -0-539-2622
Tax Paid -16-12-15-36-41
Cash Flow From Investing Activity -20-2-57-11-57
Capex -3-5-2-4-15
Net Investments -20-7-611-69
Others 3106-827
Cash Flow From Financing Activity 0-18-6-14-5
Net Proceeds from Shares 00011
Net Proceeds from Borrowing 01000
Interest Paid 00000
Dividend Paid 0-110-110
Others 0-7-6-4-6
Net Cash Flow 3417538
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)24.4417.0432.6826.8123.11
ROCE (%)15.4112.4424.829.3929.78
Asset Turnover Ratio0.430.450.390.430.45
PAT to CFO Conversion(x)0.660.961.320.360.92
Working Capital Days
Receivable Days6467716571
Inventory Days910996
Payable Days9113711610294

CE Info Systems Ltd Stock News

CE Info Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of CE Info Systems on 12-Apr-2024 16:59 is ₹1,839.4.
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 12-Apr-2024 16:59 the market cap of CE Info Systems stood at ₹9,946.
The latest P/E ratio of CE Info Systems as of 12-Apr-2024 16:59 is 78.12.
The latest P/B ratio of CE Info Systems as of 12-Apr-2024 16:59 is 15.62.
The 52-week high of CE Info Systems is ₹2,340 and the 52-week low is ₹983.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CE Info Systems is ₹296.3 ( Cr.) .

About CE Info Systems Ltd

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

  • 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.

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.
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