C.E. Info Systems Ltd. (MAPMYINDIA) AI Stock Analysis

• Market Cap: ₹51.20B
• Dividend Yield: 0.21%
• Average Volume (3M): 13.49K
• Price to Earnings (P/E): 125.8
• Beta (1Y): 0.99
• Revenue Growth: 22.12%
• EPS Growth: 7.40%
• Country: IN
• Employees: 412
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 3.40
• Shares Outstanding: 54,721,664
• 10 Day Avg. Volume: 35,078
• 30 Day Avg. Volume: 13,487
• PEG Ratio: 6.85
• Price to Book (P/B): 11.73
• Price to Sales (P/S): 20.03
• P/FCF Ratio: 145.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 28.09
• Revenue Forecast (FY): ₹5.33B

• Rating: 66 Neutral
• Price Target: ₹1,011.00 ▼(-40.53% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

Overall score is lifted by strong financial performance (profitability, low leverage, and solid cash generation), but is materially pulled down by weak technicals (below major moving averages with negative MACD) and a rich valuation (P/E 51 with low dividend yield).

Positive Factors

Proprietary maps & OEM relationships

MapmyIndia's proprietary map and POI datasets and established OEM and enterprise partnerships create durable barriers to entry. These assets enable recurring licensing, high switching costs, and deep integrations in vehicles and enterprise systems, supporting stable, long-term contract revenues and product stickiness.

Improving margins & revenue trend

The firm shows consistent revenue expansion alongside improving gross and net margins, indicating effective cost management and scalable operations. Sustained margin improvement supports durable profitability, enabling reinvestment in product and sales while preserving operating leverage over the next several quarters.

Healthy balance sheet and cash flow

A low leverage profile combined with growing operating and free cash flow provides financial flexibility to fund growth or weather downturns. Strong equity base and cash generation reduce financing risk, supporting multi-year investments in maps, platform enhancements, and OEM programs without stressing liquidity.

Negative Factors

Rising capex risk

Capital expenditure increases tied to map updates, platform development, or scaling integrations could materially reduce free cash flow if growth in operating cash doesn't keep pace. Higher sustained capex lowers near-term cash available for dividends, buybacks, or discretionary investments.

Negative EPS growth

EPS declined despite revenue gains, signaling that top-line growth hasn't fully translated to per-share earnings. This may reflect higher costs, dilution, or one-off items; persistent EPS weakness can constrain shareholder returns and raise questions about margin conversion over coming quarters.

Moderate revenue growth

Revenue growth of ~10.8% reflects steady expansion but is modest relative to some software platform scale dynamics. With rising capex and investment needs, only moderate top-line growth may limit the company's ability to expand absolute profits and justify higher reinvestment without stretching returns.

C.E. Info Systems Ltd. Business Overview & Revenue Model

Company Description

C. E. Info Systems Limited, a data and technology products and platforms company, provides digital mapping, geospatial software, and location-based Internet of Things technology solutions in India. The company offers digital maps, geospatial data services, field work automation solutions, and location-based consumer apps and IoT gadgets, as well as automotive and mobility tech solutions suite and location-powered enterprise digital transformation solutions. It also provides developer APIs and SDKs, navigation and mobility, GIS, analytics, and AI, fleet management, and drone services. C. E. Info Systems Limited was founded in 1992 and is headquartered in New Delhi, India.

How the Company Makes Money

MapmyIndia primarily makes money by licensing and selling its proprietary digital maps, geospatial datasets, and location technology as software and services to customers across enterprise, government, and automotive. Key revenue streams include: (1) Enterprise and government location technology: fees from providing map data, GIS/geospatial solutions, and location-based services to organizations (e.g., for asset tracking, logistics/dispatch optimization, field-force enablement, planning, and analytics). This is typically monetized via contracts that may combine platform subscription/usage (API/SDK access), solution implementation, and ongoing support/maintenance. (2) Automotive and connected mobility: revenue from supplying navigation/map data and related software components embedded in vehicles (in-dash navigation, ADAS/connected services enablement, and map updates). Monetization can include licensing fees per vehicle/program, multi-year map update/service arrangements, and associated engineering/integration services. (3) Platform/API monetization: recurring or usage-based income from developers and enterprises consuming MapmyIndia/Mappls APIs (such as maps, geocoding, routing, and navigation), commonly structured as subscriptions, volume-based pricing, or enterprise licenses. (4) Consumer mapping and advertising/lead generation (if applicable in reported segments): income linked to consumer-facing map applications and brand/location discovery, which may include advertising, promoted listings, or allied arrangements; if specific contribution details are not available, null. Significant factors supporting earnings include ownership/control of proprietary map and POI databases (enabling licensing), long-term customer relationships in automotive programs, and partnerships/relationships with OEMs, enterprises, and public-sector bodies that adopt the company’s mapping stack for navigation and operational workflows.

C.E. Info Systems Ltd. Financial Statement Overview

Summary

Strong fundamentals supported by high Income Statement score (92) with improving profitability and margins, a solid Balance Sheet score (88) reflecting low leverage and strong equity base, and a good Cash Flow score (85) with growing operating and free cash flow. Main watch item is rising capex, which could pressure future free cash flow if it accelerates.

Income Statement

C.E. Info Systems Ltd. demonstrates strong financial performance with a consistent revenue growth trajectory, particularly a significant increase from 2024 to 2025. Gross profit and net profit margins have improved, showcasing effective cost management and operational efficiency. The company maintains healthy EBIT and EBITDA margins, indicating robust profitability.

Balance Sheet

The balance sheet of C.E. Info Systems Ltd. is solid, highlighted by a low debt-to-equity ratio, which suggests financial stability and low leverage. The company has a strong equity ratio, reflecting a significant equity base and a high return on equity, indicating effective shareholder value creation. The growth in stockholders' equity year-over-year further strengthens the financial position.

Cash Flow

The company reports a positive trend in free cash flow, with notable growth in operating cash flow. The operating cash flow to net income ratio suggests efficient cash generation relative to earnings. However, there is a moderate increase in capital expenditures, which may impact future free cash flow if not managed carefully.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.93B	4.63B	3.79B	2.81B	2.00B	1.52B
Gross Profit	3.49B	2.19B	1.90B	1.74B	1.22B	718.89M
EBITDA	2.14B	1.80B	1.94B	1.52B	1.28B	910.73M
Net Income	1.46B	1.47B	1.34B	1.07B	870.30M	598.24M
Balance Sheet
Total Assets	9.74B	9.42B	7.92B	6.71B	5.17B	4.27B
Cash, Cash Equivalents and Short-Term Investments	3.24B	3.65B	2.84B	3.32B	1.83B	2.21B
Total Debt	95.60M	298.50M	257.30M	293.90M	190.95M	201.90M
Total Liabilities	1.41B	1.50B	1.32B	1.28B	707.37M	696.71M
Stockholders Equity	8.33B	7.91B	6.59B	5.42B	4.46B	3.58B
Cash Flow
Free Cash Flow	277.10M	637.70M	481.40M	673.50M	247.70M	796.12M
Operating Cash Flow	451.10M	1.13B	755.20M	898.90M	287.60M	818.23M
Investing Cash Flow	-370.40M	-1.02B	-587.40M	-632.90M	-112.20M	-576.06M
Financing Cash Flow	-499.00M	-172.30M	-194.60M	83.20M	-109.40M	-56.55M

C.E. Info Systems Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1700.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAPMYINDIA, the sentiment is Negative. The current price of 1700.1 is above the 20-day moving average (MA) of 1040.11, above the 50-day MA of 1268.53, and above the 200-day MA of 1624.75, indicating a bearish trend. The MACD of -94.85 indicates Negative momentum. The RSI at 14.17 is Positive, neither overbought nor oversold. The STOCH value of 7.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MAPMYINDIA.

C.E. Info Systems Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HAPPSTMNDS	67 Neutral	₹60.01B	42.91	―	1.26%	21.31%	-16.27%
MAPMYINDIA	66 Neutral	₹51.20B	125.84	―	0.21%	22.12%	7.40%
LATENTVIEW	65 Neutral	₹57.99B	47.32	―	―	31.50%	11.32%
BSOFT	62 Neutral	₹101.11B	25.31	―	1.42%	-2.00%	-25.81%
INTELLECT	62 Neutral	₹92.15B	118.88	―	0.69%	15.87%	39.55%
TEJASNET	62 Neutral	₹75.32B	-10.28	―	0.55%	-17.23%	-185.73%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

C.E. Info Systems Ltd. Corporate Events

C.E. Info Systems Board Addresses Compliance Fine, Commits to Stronger Controls

C.E. Info Systems Ltd., the company behind the MapmyIndia and Mappls digital mapping and location platforms, operates in the geospatial technology and navigation services industry, supplying digital maps, navigation tools and location-based solutions to consumers, enterprises and automotive partners in India and beyond. Its offerings underpin a range of smart mobility and location intelligence use cases for customers.

The company disclosed that its board reviewed a Standard Operating Procedure fine imposed by stock exchanges for a delayed filing of related party transaction disclosures for the half-year ended 30 September 2025, attributing the delay to an inadvertent misinterpretation. The board noted that the required disclosure has since been filed, the fine paid on time, and corrective and preventive steps taken, while instructing management to further strengthen compliance systems and monitoring to ensure timely regulatory filings in the future.

C.E. Info Systems Confirms Full Demat Compliance for December Quarter

C.E. Info Systems Limited has submitted a confirmation certificate to the stock exchanges under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The company’s registrar and transfer agent, MUFG Intime India Private Limited, confirmed that no dematerialisation requests were received during the quarter and that the company has no physical share certificates outstanding, underscoring a fully dematerialised shareholding structure and ongoing compliance with securities market regulations.