Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹5,088Cr
Rev Gr TTM
Revenue Growth TTM
10.79%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

MAPMYINDIA
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 27.1 | 37.5 | 19.4 | 36.0 | 47.5 | 13.5 | 13.8 | 24.5 | 34.3 | 19.8 | 9.7 | -18.2 |
| 43 | 52 | 50 | 56 | 67 | 59 | 66 | 73 | 86 | 66 | 86 | 67 |
Operating Profit Operating ProfitCr |
| 40.0 | 41.9 | 45.0 | 39.1 | 37.0 | 42.1 | 36.1 | 36.4 | 40.4 | 45.9 | 24.7 | 28.6 |
Other Income Other IncomeCr | 10 | 8 | 8 | 11 | 12 | 10 | 10 | 9 | 20 | 12 | 9 | 8 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
Depreciation DepreciationCr | 4 | 3 | 4 | 4 | 4 | 5 | 6 | 5 | 4 | 7 | 8 | 8 |
| 34 | 42 | 44 | 42 | 47 | 47 | 41 | 44 | 74 | 60 | 28 | 27 |
| 6 | 10 | 11 | 11 | 9 | 11 | 10 | 12 | 25 | 14 | 10 | 8 |
|
Growth YoY PAT Growth YoY% | 25.4 | 32.2 | 30.4 | 4.7 | 35.1 | 12.1 | -8.3 | 4.1 | 28.2 | 27.8 | -39.0 | -42.0 |
| 39.1 | 35.8 | 36.3 | 33.7 | 35.8 | 35.3 | 29.3 | 28.2 | 34.1 | 37.7 | 16.3 | 20.0 |
| 5.6 | 6.0 | 6.1 | 5.7 | 7.0 | 6.6 | 5.6 | 6.0 | 8.9 | 8.5 | 3.3 | 3.4 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 9.9 | 2.6 | 31.5 | 40.4 | 34.8 | 22.1 | 2.0 |
| 110 | 119 | 101 | 114 | 164 | 223 | 283 | 304 |
Operating Profit Operating ProfitCr |
| 18.9 | 19.8 | 33.7 | 43.3 | 41.9 | 41.2 | 38.8 | 35.7 |
Other Income Other IncomeCr | 28 | 15 | 40 | 42 | 34 | 37 | 49 | 49 |
Interest Expense Interest ExpenseCr | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 |
Depreciation DepreciationCr | 9 | 10 | 10 | 8 | 10 | 15 | 20 | 27 |
| 42 | 32 | 79 | 117 | 139 | 175 | 206 | 189 |
| 8 | 8 | 19 | 30 | 32 | 41 | 58 | 57 |
|
| | -30.9 | 157.9 | 45.5 | 23.5 | 25.0 | 9.8 | -10.5 |
| 24.8 | 15.6 | 39.2 | 43.4 | 38.2 | 35.4 | 31.9 | 27.9 |
| 8.5 | 5.9 | 11.4 | 16.3 | 20.4 | 24.8 | 27.1 | 24.2 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 4 | 4 | 4 | 11 | 11 | 11 | 11 | 11 |
| 139 | 148 | 225 | 435 | 531 | 648 | 780 | 822 |
Current Liabilities Current LiabilitiesCr | 30 | 38 | 51 | 53 | 113 | 119 | 135 | 123 |
Non Current Liabilities Non Current LiabilitiesCr | 24 | 22 | 19 | 17 | 15 | 13 | 15 | 18 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 158 | 171 | 269 | 269 | 441 | 434 | 559 | 555 |
Non Current Assets Non Current AssetsCr | 182 | 187 | 158 | 248 | 229 | 358 | 383 | 419 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 27 | 27 | 82 | 29 | 90 | 76 | 113 |
Investing Cash Flow Investing Cash FlowCr | -19 | -2 | -58 | -11 | -63 | -59 | -102 |
Financing Cash Flow Financing Cash FlowCr | -4 | -19 | -6 | -11 | 8 | -19 | -17 |
|
Free Cash Flow Free Cash FlowCr | 23 | 21 | 80 | 25 | 75 | 48 | |
| 79.9 | 115.2 | 136.8 | 33.0 | 83.6 | 56.2 | 76.7 |
CFO To EBITDA CFO To EBITDA% | 105.1 | 91.1 | 159.2 | 33.1 | 76.2 | 48.3 | 62.9 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 0 | 8,035 | 5,319 | 10,058 | 9,186 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 92.4 | 49.6 | 75.1 | 62.4 |
Price To Sales Price To Sales | 0.0 | 0.0 | 0.0 | 40.1 | 18.9 | 26.5 | 19.8 |
Price To Book Price To Book | 0.0 | 0.0 | 0.0 | 18.0 | 9.8 | 15.3 | 11.6 |
| 0.1 | -0.4 | -0.9 | 92.1 | 44.5 | 63.8 | 50.5 |
Profitability Ratios Profitability Ratios |
| 85.3 | 90.2 | 89.3 | 90.7 | 82.9 | 83.3 | 87.8 |
| 18.9 | 19.8 | 33.7 | 43.3 | 41.9 | 41.2 | 38.8 |
| 24.8 | 15.6 | 39.2 | 43.4 | 38.2 | 35.4 | 31.9 |
| 26.4 | 19.8 | 32.7 | 25.7 | 24.9 | 26.0 | 25.4 |
| 23.5 | 15.2 | 26.1 | 19.5 | 19.8 | 20.4 | 18.7 |
| 9.9 | 6.5 | 14.0 | 16.9 | 16.0 | 17.0 | 15.7 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
**CE Info Systems Ltd**, operating under the brand names **MapmyIndia** in India and **Mappls** globally, is India’s leading deep-tech company in **digital mapping, geospatial software, IoT solutions, and location intelligence**. Since its founding in 1995 by Rakesh and Rashmi Verma, the company has pioneered indigenous digital mapping in India, developing a proprietary, highly accurate, and continuously updated map database that forms the foundation of its full-stack location technology platform.
As of Nov 2025, the company has evolved from a B2B-focused maps provider into a diversified **maps-led tech platform** serving four key verticals: **Automotive, Enterprise, Government, and Mobility**. It offers solutions through **Maps-as-a-Service (MaaS), Software-as-a-Service (SaaS), and Platform-as-a-Service (PaaS)** models, serving over 5,000 B2B and B2B2C customers worldwide.
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### **Key Business Segments & Product Portfolio**
#### 1. **Maps-as-a-Service (MaaS)**
- Offers India’s most comprehensive **indigenous digital map database** with coverage down to individual addresses, urban buildings, 637,000+ villages, and over 6.6 million km of roads.
- Develops **multi-dimensional maps**:
- **2D & 3D** (landmarks, terrain, city models)
- **4D** (real-time, context-aware updates)
- **HD Maps** (sub-meter accuracy for ADAS & autonomous driving)
- **RealView** (360° ground-level panoramas)
- Building an **AI-powered "Digital Metaverse Twin of the Real World"** by integrating spatial, demographic, and real-time IoT data.
- Global reach: Integrated maps across **200+ countries** via the Mappls platform.
#### 2. **Software-as-a-Service (SaaS)**
- **InTouch**: IoT-powered fleet and logistics management (vehicle tracking, telematics, dashcams, fuel monitoring).
- **Workmate**: AI-driven field workforce automation with real-time tracking, attendance, and task reporting.
- **mGIS & Insight**: Geo-AI platforms offering predictive analytics, catchment analysis, origin-destination modeling, and digital twin capabilities.
- **ClarityX**: A wholly-owned subsidiary delivering AI-driven **data analytics and consulting** to BFSI, retail, FMCG, and government verticals.
- **GTROPY**: Subsidiary serving the **transporter and logistics ecosystem** with IoT-enabled SaaS solutions.
#### 3. **Platform-as-a-Service (PaaS)**
- Offers **120+ developer APIs and SDKs** across 238 countries for routing, geocoding, navigation, and analytics.
- API integration adopted by major platforms like **PhonePe, Flipkart, Amazon, CoWIN, GSTN**, and leading fintech, e-commerce, and BFSI firms.
#### 4. **Automotive & Mobility Tech (A&M)**
- **N-CASE Suite**: End-to-end platform for **Navigation, Connected, ADAS, Shared & Electric (CASE)** mobility.
- Embedded navigation with offline capabilities
- ADAS & eHorizon (real-time speed limit, curve, and pothole warnings)
- EV routing with battery range analytics
- V2X, remote diagnostics, and connected car cloud platforms
- **80–85% market share** in embedded navigation systems among Indian OEMs.
- Clients include **Hyundai, Kia, Mahindra, Ola Electric, Hero MotoCorp, MG Motor, Tork, JCB**, and several EV startups.
- **3 million vehicles** embedded with Mappls technology as of 2025 (up from ~1.9M in FY23).
- Targets **6 million vehicle attach rate by FY28** and 25% market attach rate (up from 11%).
#### 5. **Consumer Tech & IoT (C&E)**
- **Mappls App**: Over **30 million downloads**, available in **9 Indian languages**, with Indian-specific features such as Junction View, doorstep navigation (Mappls Pin), pothole reporting, and safety alerts.
- **Mappls Gadgets**: Aftermarket IoT devices including **AVMs (infotainment), trackers, helmet nav kits, dashcams**, and telematics for cars, two-wheelers, and buses.
- **Mappls KOGO**: Gamified B2C travel commerce platform enabling in-vehicle discovery, itinerary planning, and rewards (KOGOCOIN), with **~1 million hotels and 5,000+ service partners**.
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### **Recent Strategic Developments (2025)**
#### **1. Partnership & Investment in Zepto (Aug 2025)**
- Strategic partnership with **Zepto** to integrate MapmyIndia’s **SDK and APIs** for real-time delivery tracking and customer experience.
- Made a **strategic investment of INR 25 crores** to strengthen adoption of geospatial solutions in **quick commerce**.
#### **2. Expansion into Southeast Asia**
- **Joint Venture (JV) with Hyundai AutoEver**: **PT Terra Link** in Jakarta, Indonesia (40% stake, $4M investment).
- Targets **ASEAN OEMs** with annual **per-vehicle licensing model** (2.5–3x higher ARPU vs. India).
- Revenue expected from **FY26**, starting with Hyundai & Kia, expanding to other OEMs.
- Strategic **first-mover advantage** in ASEAN’s emerging ADAS and connected vehicle market.
- Secured **global licensing agreements** for Southeast Asian markets, with TAM estimated to be **3x that of India**.
- Expansion into 8 SEA countries: **Indonesia, Vietnam, Thailand, Malaysia, Philippines**, etc., beginning FY26.
#### **3. B2C and Ecosystem Strengthening**
- **Mappls App** crossed 30M downloads, enhancing **crowdsourced map data refinement** and consumer stickiness.
- Increased stake in **Kogo Tech Labs** from 76% to **96%**, with full management control.
- Investment in **Kaiinos GeoSpatial (19.8%)** and **Simdaas Autonomy (9.4%)** to strengthen **ADAS, simulation, and digital twin capabilities**.
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### **Government & Public Sector Initiatives**
- Partnered with **India Post** on **DIGIPIN**, a unified digital addressing system integrated with **Mappls Pin** to resolve “last-mile” delivery and emergency response issues.
- Supports **CoWIN, GSTN, PMGSY, Smart Cities**, and state police departments with GIS, drone mapping, and analytics.
- Provides **GeoAI-powered bridge anomaly detection** for Indian Railways and **flood modeling** using 3D digital twins.
- Compliant with **India’s Geospatial Data Policy**, ensuring **data localization** and exclusive access to high-fidelity maps.
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### **Innovation & Technology Edge**
- **Drones-as-a-Service (DraaS)**: Strategic investment in **Indrones Solutions** to enhance drone-based data capture and surveying.
- **AI/ML-Powered Updates**: Uses hybrid AI and crowdsourced data to update maps in near-real-time.
- **Qualcomm Partnership**: Integrating **Snapdragon Auto Connectivity Platform** for affordable telematics solutions in mass-market vehicles.
- **Proprietary Flywheel Model**: High user engagement → improved map quality → enhanced B2B value → greater adoption.
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### **Financial & Operational Highlights**
| Metric | Status |
|-------|--------|
| **Open Order Book** | ₹1,500 Cr (10% YoY growth, 74% from high-margin fixed-price contracts) |
| **Active Customers** | ~5,000 (corporate, government, mobility, OEMs) |
| **Customer Retention** | >90% with long-term contracts |
| **IoT Devices Sold + Rented** | >210,000 units, ₹117.7 Cr revenue, 40% YoY SaaS growth |
| **EBITDA Margins** | 47.2% (Map-led), with ongoing IoT margin expansion |
| **Global Reach** | Live operations in 15 countries: India, Nepal, Bangladesh, Sri Lanka, Indonesia, Singapore, Vietnam, etc. |
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### **Leadership & Governance**
- **Sapna Ahuja**, President (Automotive Business) & COO, leads the **NCASE suite** and live HD maps development.
- Experienced executive team with strong domain expertise in **deep tech, automotive, and geospatial innovation**.
- ESOP schemes in place to attract and retain top technical talent.
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