CE Info Systems
Stock Snapshot
Price Performance
Vista Outlook
Basis of our Recommendation
Management at CE Info Systems (MapmyIndia) has expressed a confident outlook, highlighting their strategic shift towards AI-driven geospatial solutions and a robust order pipeline exceeding INR 1,750 crores, which provides significant revenue visibility. This transition is expected to enhance revenue growth, particularly in the Automotive, Enterprise, and Government sectors, despite near-term margin pressures from hardware-led IoT sales. Vista's financial outlook reflects an anticipated acceleration in revenue growth beyond historical levels, supported by improving margins as the company scales its SaaS offerings. The IT SaaS industry is experiencing a sunrise phase, characterized by strong growth and improving pricing power, which aligns with MapmyIndia's strategic focus on platform-led growth. However, potential headwinds include execution risks related to government contracts and rising hardware costs. Over the next 12-24 months, key opportunities lie in expanding the Mappls app ecosystem and capturing demand in digital public infrastructure, while watchpoints include the volatility of government contracts and the need for effective cost management
Why We Like This Stock
- Strong order pipeline exceeding INR 1,750 crores provides significant revenue visibility
- Transition to AI-driven solutions enhances competitive positioning and revenue growth potential
- Improving pricing power in the IT SaaS industry supports long-term profitability
Things To Watch Out For
- Near-term margin pressures due to a higher mix of hardware-led IoT sales
- Execution risks related to government contracts may impact revenue realization
- Rising hardware component prices could further compress margins
Key Parameters
Financial Snapshot
View Technicals Analysis →| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 379 | 463 | 474 | 530 | 601 |
| Profit Before Tax (Cr.) | 161 | 179 | 189 | 210 | 239 |
| PBT Margin | 42.6% | 38.7% | 39.9% | 39.6% | 39.7% |
| Net Profit (Cr.) | 121 | 139 | 121 | 158 | 179 |
| Earnings Per Share | 22.2 | 25.3 | 22.1 | 28.8 | 32.7 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Moneycontrol | ▲ Overweight | — | 15-Jun-2026 |
Company Overview
Show Company Profile
C. E. Info Systems Limited provides digital mapping, geospatial software, navigation, and location-based IoT technologies solutions in India and internationally. The company offers digital maps as a service, platform as a service, and software as a service. It also provides mGIS, geospatial and analytics, and ML/AI engine for processing geospatial data; IoT and telematics solutions, InTouch platform, workmate, and hardware and sensors; and Map portal, Mappls app, Mappls gadgets, Mappls pin, Political map of India, and India maps. In addition, the company offers NCASE Automotive Suite, NaviMaps, Mappls App, Mappls Gadgets, and Navigation SDK. Further, it provides map APIs and SDKs, combat covid APIs, InTouch SDK, workmate APIs, and GIS and analytics APIs. Additionally, it offers drone services, including DroneTech and solutions for drones. The company sells its products under the MapmyIndia and Mappls brand names. It serves enterprises, automotive OEMs, government organizations, developers, and individual customers. The company has a partnership with ClarityX to launch Geo-FI, a comprehensive geo-intelligence stake for lending. C. E. Info Systems Limited was founded in 1992 and is headquartered in New Delhi, India.