CE Info Systems
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Management at CE Info Systems (MapmyIndia) is optimistic about the company's transition to a deep-tech geospatial infrastructure provider, emphasizing AI-driven growth across automotive, enterprise, and government sectors. The robust order pipeline exceeding INR 1,750 crores provides significant revenue visibility, supporting Vista's forecast of over 25% revenue growth in FY27. The expansion of the Mappls App ecosystem, now with over 45 million downloads, further enhances the company's competitive position. However, execution risks related to global supply chain volatility and regulatory complexities remain a concern. Vista's financial outlook reflects expectations of improving margins and a stable balance sheet, with a target price indicating a modest upside. The favorable macro environment in India, characterized by strong manufacturing activity and contained inflation, supports the company's growth trajectory. Over the next 12-24 months, key opportunities include the successful launch of AI-based solutions and strategic partnerships, while watchpoints include potential delays in government contracts and rising hardware costs in the IoT segment
Why We Like This Stock
- Robust order pipeline exceeding INR 1,750 crores provides significant revenue visibility
- Expansion of the Mappls App ecosystem enhances competitive positioning and customer engagement
- Management's focus on AI-driven solutions and strategic partnerships supports long-term growth potential
Things To Watch Out For
- Execution risks related to global supply chain volatility could impact revenue realization
- Potential delays in government contracts may affect cash flow and revenue growth
- Rising hardware component prices in the IoT business could pressure margins
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 379 | 463 | 474 | 531 | 618 |
| Profit Before Tax (Cr.) | 161 | 179 | 189 | 212 | 247 |
| PBT Margin | 42.6% | 38.7% | 3987.3% | 40.0% | 40.0% |
| Net Profit (Cr.) | 121 | 139 | 121 | 159 | 185 |
| Earnings Per Share | 22.2 | 25.3 | 22.1 | 29.1 | 33.9 |
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, and Internet of Things (IoT) platform solutions in India and internationally. The company offers digital maps and geospatial data products. 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 offers its solutions to automotive, enterprise, government, and mobility and IoT industries. C. E. Info Systems Limited was founded in 1992 and is headquartered in New Delhi, India.