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Ceinsys Tech Ltd

CEINSYS
BSE
1,073.85
2.04%
Last Updated:
30 Apr '26, 4:00 PM
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Ceinsys Tech Ltd

CEINSYS
BSE
1,073.85
2.04%
30 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
2,248Cr
Close
Close Price
1,073.85
Industry
Industry
Geospatial
PE
Price To Earnings
16.04
PS
Price To Sales
3.56
Revenue
Revenue
632Cr
Rev Gr TTM
Revenue Growth TTM
78.67%
PAT Gr TTM
PAT Growth TTM
122.95%
Peer Comparison
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CEINSYS
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
73545863787490112142157163170
Growth YoY
Revenue Growth YoY%
28.131.29.020.17.337.254.578.681.9112.181.552.0
Expenses
ExpensesCr
5142485266617391116126128130
Operating Profit
Operating ProfitCr
221110111213172127303640
OPM
OPM%
29.921.116.916.915.717.918.619.018.819.321.823.5
Other Income
Other IncomeCr
423465666786
Interest Expense
Interest ExpenseCr
221110002112
Depreciation
DepreciationCr
111111233333
PBT
PBTCr
221110131616212428344041
Tax
TaxCr
1362449672142
PAT
PATCr
2185101212121822322639
Growth YoY
PAT Growth YoY%
476.953.9210.7280.9-45.342.3150.071.988.4165.7120.9118.3
NPM
NPM%
29.115.68.016.614.816.112.915.915.420.215.822.9
EPS
EPS
13.85.43.06.77.37.37.110.212.518.114.521.8

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
108133144141176197185203220253418632
Growth
Revenue Growth%
36.623.18.4-2.325.411.9-6.29.58.215.265.351.3
Expenses
ExpensesCr
89110123121154149169181188209340500
Operating Profit
Operating ProfitCr
1923212023491622324478133
OPM
OPM%
17.917.014.714.112.824.78.610.914.417.418.721.0
Other Income
Other IncomeCr
1135322410152227
Interest Expense
Interest ExpenseCr
812141516161298536
Depreciation
DepreciationCr
2344443355811
PBT
PBTCr
10965531213295090143
Tax
TaxCr
35112904-2152625
PAT
PATCr
7565322210313563118
Growth
PAT Growth%
14.1-34.823.2-18.8-23.9543.5-91.0377.4224.513.380.786.8
NPM
NPM%
6.43.43.93.21.911.21.14.714.113.815.118.7
EPS
EPS
6.94.55.14.33.119.91.88.120.022.537.467.0

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
999111111111515161718
Reserves
ReservesCr
28324261607978147183218351449
Current Liabilities
Current LiabilitiesCr
6812113315117815716612611188158258
Non Current Liabilities
Non Current LiabilitiesCr
1819108531234813
Total Liabilities
Total LiabilitiesCr
123180194231254250256299313326578739
Current Assets
Current AssetsCr
88148156192210208222220221229446594
Non Current Assets
Non Current AssetsCr
34323839444235799297132144
Total Assets
Total AssetsCr
123180194231254250256299313326578739

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
3-315-32436232647496
Investing Cash Flow
Investing Cash FlowCr
-5-5-10-8041-1-9-5-53
Financing Cash Flow
Financing Cash FlowCr
835311-23-39-24-21-20-6549
Net Cash Flow
Net Cash FlowCr
60-2000-1418-211
Free Cash Flow
Free Cash FlowCr
-2-362-9223422244547-30
CFO To PAT
CFO To PAT%
36.0-680.890.1-76.5690.8161.21,139.1277.3152.1140.19.0
CFO To EBITDA
CFO To EBITDA%
12.9-136.323.8-17.5104.973.1142.1119.0148.1111.37.3

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
5348127190118921382481969612,376
Price To Earnings
Price To Earnings
7.711.122.842.234.24.269.226.96.427.537.6
Price To Sales
Price To Sales
0.50.40.91.40.70.50.71.20.93.85.7
Price To Book
Price To Book
1.41.22.52.61.71.01.61.51.04.16.5
EV To EBITDA
EV To EBITDA
4.85.911.214.99.73.613.412.86.621.429.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
69.973.463.387.693.492.390.788.986.388.191.5
OPM
OPM%
17.917.014.714.112.824.78.610.914.417.418.7
NPM
NPM%
6.43.43.93.21.911.21.14.714.113.815.1
ROCE
ROCE%
20.215.212.310.811.225.38.110.114.622.422.0
ROE
ROE%
18.811.110.86.34.824.62.25.815.614.917.2
ROA
ROA%
5.72.52.92.01.48.90.83.29.910.710.9
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
#### **Overview** Ceinsys Tech Limited (BSE: 538734), rebranded as **CS TECH Ai** (while retaining Ceinsys Limited as the legal name), is a CMMI Level 5 and ISO-certified Indian technology enterprise with over 25 years of experience. Founded in 1998 under the Meghe Group, the company is headquartered in Nagpur and listed on the BSE. It positions itself as a **digital reality architect**, delivering integrated engineering, geospatial, and AI-driven solutions for infrastructure, utilities, mobility, and smart cities. CS TECH Ai operates globally with offices in **India, the United States, the United Kingdom, Germany, and Singapore**, leveraging a "GLOCAL" model—global reach with local delivery—to serve a prestigious clientele of governments, public sector undertakings (PSUs), OEMs, global corporations, and asset management firms. --- #### **Core Focus & Strategic Vision** CS TECH Ai converges **urbanization, aging infrastructure, and digital transformation** through intelligent, AI-enabled platforms. It is transitioning from traditional project-based services to **scalable, outcome-driven digital platforms** that transform data into actionable digital intelligence across the asset lifecycle. Key Strategic Pillars: - Integration of **AI, geospatial intelligence, digital twins, IoT, and embedded electronics**. - Rebranding to **CS TECH Ai** in FY2024-25 to reflect its evolution into a **global digital intelligence partner**. - Emphasis on **"outcome engineering"** rather than technology delivery alone. --- #### **Core Business Segments** 1. **Enterprise Geospatial & Engineering Services (EES)** *Largest revenue-generating segment.* - Geospatial data creation, Web-GIS, decision support systems, cadastral/terrain mapping, natural resource management (mining, agriculture, forestry). - 3D/4D/5D modeling using BIM/GIS integration. - Hydraulic modeling, feasibility studies (DPRs), smart water solutions, Non-Revenue Water (NRW) reduction, SCADA/automation for utilities. - Digital Twin Engineering, AI/ML-based spatial analytics, digital monitoring. 2. **Mobility Engineering Services** - Full lifecycle engineering for **two/three-wheelers, passenger vehicles, commercial fleets, and off-highway equipment**. - Specialization in **automotive seating and interior systems**. - Product engineering (concept to CAE validation), digital factory planning, industrial automation, robotics. - Powered by acquisition of **AllyGrow Technologies**. 3. **Software Products & Technology Solutions** - Resale of third-party software (Autodesk, Bentley, ESRI, Siemens). - **Digital Project Management System (DPMS)** and **Integrated Command & Control Center (ICCC)** platforms. - **Smart Utility IoT Suite** with real-time monitoring, leak detection, and predictive maintenance. - Development of proprietary platforms in AI, ML, and embedded systems. 4. **Power Generation (Renewables)** - Investments in **wind and solar power plants**, generating clean energy. --- #### **Technology & Innovation** - **AI & Machine Learning**: Developed proprietary AI-powered platforms for geospatial data processing with **>95% accuracy**, two patents filed. - **Digital Twin Platforms**: AI-driven digital twins for assets, cities, and utilities; enables simulation and optimization. - **Digital Project Management System (DPMS)**: - Integrates 3D/4D/5D models with schedule and cost data. - Creates a **Common Data Environment (CDE)** for megaprojects. - Features analytical dashboards, PMIS, resource management, and LiDAR-based corridor mapping. - **Scan-to-Model**: AI-based conversion of LiDAR/photogrammetry point clouds to BIM-ready models, reducing modeling time significantly. - **Edge AI & Embedded Systems**: Custom sensors and edge modules for real-time control in mobility and utility assets. --- #### **Digital Platforms & Solutions** | Platform | Description | |--------|-------------| | **CS TECH Ai Platform** | Full-stack geospatial AI platform; integrates data from drones, satellites, sensors; generates visual dashboards for decision-making; supports digital twins. | | **Smart Water IoT Suite** | Monitors water supply & distribution; supports NRW reduction; integrates edge sensors, cloud dashboards, SCADA, and LPWAN/LoRa. Deployed under **Jal Jeevan Mission**. | | **Digital Project Management System (DPMS)** | End-to-end infrastructure project lifecycle platform; integrates BIM, ERP, and PMIS; supports remote monitoring and cost control. | | **Integrated Command and Control Center (ICCC)** | Role-based dashboards, mobile alerts, real-time KPIs for utilities and urban infrastructure. | --- #### **Key Projects & Government Engagement (2023–2025)** - **Wainganga-Nalganga River Linking Project (₹381 crore)**: First river-linking project in Maharashtra; involves survey, hydrological study, and DPR using LiDAR, satellite, and photogrammetry. Estimated capital outlay: **₹85,000+ crore**. - **Jal Jeevan Mission**: IoT-based water monitoring systems deployed across Maharashtra; reduced water losses and improved distribution for millions. - **SWSM IoT & Digital Monitoring (₹2,060 crore)**: Large-scale water network digitalization. - **Unified GIS for UPPCL (Uttar Pradesh)**: Integrated 168 R-APDRP and 465 IPDS towns with GIS, ERP, SCADA, and AMI systems. - **ICCC for Chhattisgarh Mineral Management**: Real-time tracking of mineral transport; expected to generate ₹14,000 crore in state revenue. - **Maharashtra Irrigation SCADA Project**: Real-time monitoring and automation at thermal power stations. --- #### **Strategic Growth Initiatives (2024–2026)** - **$228 Million Capital Mobilized**: To expand in **geospatial, engineering, and technology solutions**. - **Inorganic Growth**: - Acquired **AllyGrow Technologies (2022)**: Entry into **mobility and manufacturing** sectors. - Acquired **VTS (U.S.-based)**: Strengthened 3D reality capture, LiDAR, and North American footprint; added $3–4M in annual revenue. - **Two more acquisitions in advanced due diligence** (Nov 2025), expected in next 1–2 months. - **Global Expansion**: - Offices in **U.S., UK, Germany, Singapore**. - Active traction in **Middle East & Africa (MEA)**. - Targeting growth in **Saudi Arabia, U.S., and Europe**. - **Partnerships** with global tech leaders: - **Autodesk, Bentley, ESRI, Siemens, AVEVA, DigitalGlobe, Fugro, Applus, CADD Emirates**. - Exclusive Platinum Partner for Bentley; Top 5 Gold Partner for Autodesk in India. --- #### **Subsidiaries & Joint Ventures** | Entity | Nature | Purpose | |------|--------|---------| | ADCC Infocom Pvt Ltd | Subsidiary | Core technology and geospatial services | | Ceinsys Tech (Singapore) Pte. Ltd | Subsidiary | APAC expansion, data centers | | Technology Associates Inc. | Subsidiary | U.S.-based delivery and engineering services | | Allygrow Technologies B.V., GmbH, UK Ltd | Subsidiary | Mobility engineering in Europe | | **Allygram Systems & Technologies Pvt Ltd** | JV (70% Ceinsys, 30% Grammer AG) | Provides R&D services to Grammer; focuses on automotive interiors | --- #### **New Business Verticals & Innovation** - **MEG-Next**: Dedicated subsidiary for software product development in **Metaverse, EdTech, Gaming, and Mobility**. - **Tech-Play Unit**: Internal incubation for AI, IoT, AR/VR, digital twins, and embedded electronics. - Strategic focus on **AI-first automation, predictive analytics, and edge computing**. --- #### **Financial Highlights & Operational Metrics (as of Nov 2025)** - **Order Book**: ₹1,390 crore (as of Dec 2024) with additional pipeline of ₹400–500 crore. - **Revenue Growth**: 3 consecutive years of positive growth despite procurement delays. - **Technology Solutions Revenue**: Grew **3.5x in FY25** to ₹213 crore; now **51% of total revenue** (up from 24% in FY24). - **Revenue Mix Shift**: Moving from services to **high-margin, scalable platform solutions**. - **Project Delivery**: Executing **100+ projects** with **zero client churn**. - **Global Team**: **1,300+ technically skilled professionals** across India, U.S., U.K., Germany. --- #### **Leadership & Governance** - **Chairman**: Mr. Sagar Meghe (Meghe Group) - **CEO**: Mr. Prashant Kamat - **COO**: Mr. Rahul Joharapurkar (India operations) - **President, Geospatial Americas**: Mr. John Chwalibog (ex-Trimble, FARO; founder of VTS) - **President, Corporate Development**: Mr. Kelly Yagi (ex-EMC, Rahi Systems) --- #### **Environmental & Social Impact** - Support for **Jal Jeevan Mission (until 2028)**; goal: **100% piped water coverage**. - **Land digitization** using ULPIN / BhuAadhaar for cadastral mapping and smart urban planning. - **Climate resilience projects**: Smart water, renewables, and intelligent infrastructure.