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CE Info Systems Ltd

MAPMYINDIA
NSE
929.15
0.03%
Last Updated:
29 Apr '26, 4:00 PM
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CE Info Systems Ltd

MAPMYINDIA
NSE
929.15
0.03%
29 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
5,088Cr
Close
Close Price
929.15
Industry
Industry
Geospatial
PE
Price To Earnings
38.46
PS
Price To Sales
10.77
Revenue
Revenue
473Cr
Rev Gr TTM
Revenue Growth TTM
10.79%
PAT Gr TTM
PAT Growth TTM
-3.41%
Peer Comparison
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MAPMYINDIA
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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
7289919210710110411514412211494
Growth YoY
Revenue Growth YoY%
27.137.519.436.047.513.513.824.534.319.89.7-18.2
Expenses
ExpensesCr
435250566759667386668667
Operating Profit
Operating ProfitCr
293741364043374258562827
OPM
OPM%
40.041.945.039.137.042.136.136.440.445.924.728.6
Other Income
Other IncomeCr
1088111210109201298
Interest Expense
Interest ExpenseCr
111111111100
Depreciation
DepreciationCr
434445654788
PBT
PBTCr
344244424747414474602827
Tax
TaxCr
610111191110122514108
PAT
PATCr
283233313836303249461919
Growth YoY
PAT Growth YoY%
25.432.230.44.735.112.1-8.34.128.227.8-39.0-42.0
NPM
NPM%
39.135.836.333.735.835.329.328.234.137.716.320.0
EPS
EPS
5.66.06.15.77.06.65.66.08.98.53.33.4

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
135149152200281379463473
Growth
Revenue Growth%
9.92.631.540.434.822.12.0
Expenses
ExpensesCr
110119101114164223283304
Operating Profit
Operating ProfitCr
26295187118156180169
OPM
OPM%
18.919.833.743.341.941.238.835.7
Other Income
Other IncomeCr
2815404234374949
Interest Expense
Interest ExpenseCr
33323332
Depreciation
DepreciationCr
91010810152027
PBT
PBTCr
423279117139175206189
Tax
TaxCr
88193032415857
PAT
PATCr
34236087108134148132
Growth
PAT Growth%
-30.9157.945.523.525.09.8-10.5
NPM
NPM%
24.815.639.243.438.235.431.927.9
EPS
EPS
8.55.911.416.320.424.827.124.2

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
4441111111111
Reserves
ReservesCr
139148225435531648780822
Current Liabilities
Current LiabilitiesCr
30385153113119135123
Non Current Liabilities
Non Current LiabilitiesCr
2422191715131518
Total Liabilities
Total LiabilitiesCr
339358427517671792942974
Current Assets
Current AssetsCr
158171269269441434559555
Non Current Assets
Non Current AssetsCr
182187158248229358383419
Total Assets
Total AssetsCr
339358427517671792942974

Cash Flow

Consolidated
Standalone
Financial YearMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
272782299076113
Investing Cash Flow
Investing Cash FlowCr
-19-2-58-11-63-59-102
Financing Cash Flow
Financing Cash FlowCr
-4-19-6-118-19-17
Net Cash Flow
Net Cash FlowCr
3619735-3-6
Free Cash Flow
Free Cash FlowCr
232180257548
CFO To PAT
CFO To PAT%
79.9115.2136.833.083.656.276.7
CFO To EBITDA
CFO To EBITDA%
105.191.1159.233.176.248.362.9

Ratios

Consolidated
Standalone
Financial YearMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
0008,0355,31910,0589,186
Price To Earnings
Price To Earnings
0.00.00.092.449.675.162.4
Price To Sales
Price To Sales
0.00.00.040.118.926.519.8
Price To Book
Price To Book
0.00.00.018.09.815.311.6
EV To EBITDA
EV To EBITDA
0.1-0.4-0.992.144.563.850.5
Profitability Ratios
Profitability Ratios
GPM
GPM%
85.390.289.390.782.983.387.8
OPM
OPM%
18.919.833.743.341.941.238.8
NPM
NPM%
24.815.639.243.438.235.431.9
ROCE
ROCE%
26.419.832.725.724.926.025.4
ROE
ROE%
23.515.226.119.519.820.418.7
ROA
ROA%
9.96.514.016.916.017.015.7
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. --- ### **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**. --- ### **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**. --- ### **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. --- ### **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. --- ### **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. | --- ### **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. ---