CE Info Systems Limited, popularly known as MapmyIndia, was incorporated on February 17, 1995. 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"). They are India's leading provider of advanced digital maps, geospatial software, and location-based IoT technologies.
MapmyIndia has been an early mover (started in 1995) in India's digital mapping and pioneered digital mapping in India. It is India's leading provider of advanced digital maps, geospatial software & location-based IoT technologies serving B2B and B2B2C enterprise customers. The company operates under the brand name "Mappls" for its global operations and has established itself as a dominant player in the Indian geospatial industry.
Mappls, is a leading deep tech company offering advanced maps and location technologies. Their solutions power industries like automotive, telecom, and government, providing AI-driven geospatial analytics, IoT, and navigation services. The company's comprehensive suite of services includes digital mapping, navigation solutions, location-based services, and geospatial analytics platforms that cater to both enterprise and consumer markets.
They then unified and released one global platform under the brand Mappls with map data for over 200 countries and territories. Lastly, they expanded the coverage of their core foundation map data product with advanced map data covering 3D HD and RealView, heading towards their AI-powered Digital Metaverse of the Real World.
CE Info Systems currently has a market cap of ₹9,444 Crore (down -29.5% in 1 year) as of recent data. The company trades on both NSE (under the symbol MAPMYINDIA) and BSE exchanges and is part of multiple indices including BSE 500, BSE Information Technology, Nifty 500, BSE SmallCap, and Nifty Smallcap 250.
Key financial indicators show strong performance:
- Revenue: ₹463 Crore
- Net Profit: ₹148 Crore
- Annual Revenue Growth: 23% is outstanding
- Pre-tax Margin: 45% is great
- Return on Equity: 18% is exceptional
- Book Value Multiple: Stock is trading at 11.9 times its book value.
CE Info Systems (MapmyIndia) announced a 28.2% increase in net profit to ₹48.6 Crore for Q4 FY25, with revenue rising 34.2%. The company also declared a final dividend of ₹3.50 per share. Overall, the financial year showed positive growth in both profit and sales.
For the quarter ending March 2025 (Q1 FY26), revenue was ₹143.55 Crore and net profit was ₹49.02 Crore, demonstrating consistent growth trajectory.
Revenue is up for the last 4 quarters, 111.59 Crore → 166.79 Crore (in ₹), with an average increase of 11.9% per quarter and net profit is up for the last 3 quarters, 30.33 Crore → 48.57 Crore (in ₹), with an average increase of 19.9% per quarter.
The company has demonstrated impressive historical growth with good profit growth of 48.4% CAGR over the last 5 years.
The company is debt-free and has a strong balance sheet, enabling it to report stable earnings growth across business cycles. This debt-free status provides the company with financial flexibility and reduces financial risk.
Company has been maintaining a healthy dividend payout of 17.4%. For FY2024, CE Info Systems declared dividend amounting to ₹3.5 per share, which results in a dividend yield of 0.2% at current price levels.
Promoter Holding: 51.6% as of the latest available data, indicating strong promoter confidence in the business. Promoter holding in CE Info Systems Ltd has gone down to 51.67% as of December 2024 from 52.91% as of March 2024, showing a marginal decline but still maintaining majority control.
The company is led by experienced management with Chairperson Name: Rakesh Kumar Verma. Listing date: December 21, 2021, marks the company's entry into public markets, making it a relatively new public company but with a strong operational history dating back to 1995.
Current valuation metrics indicate:
- P/E Ratio: 71.75 (reflecting growth premium)
- P/B Ratio: 13.64
- EPS (Latest FY): ₹27.9
- EPS (Recent Quarter): ₹9.6
The company is well-positioned to capitalize on India's growing digital economy and the increasing adoption of location-based services across various industries. With its strong technological foundation, debt-free balance sheet, and leadership position in the Indian market, CE Info Systems continues to explore opportunities for expansion both domestically and internationally through its Mappls brand.
The geospatial technology market in India is expected to grow significantly, driven by government initiatives, smart city projects, and increasing digitalization across sectors, providing a favorable environment for the company's continued growth.
