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Ceinsys Tech share price & financials

Price
₹935.95
Market cap
₹1.6k Cr
Sector
Information Technology
Calls analysed
6
Latest concall · Q1 FY27 · call held 14 Aug 2026

Ceinsys Tech Q1 FY27

EBITDA ₹39 cr +27%EBITDA Margin 24.4% +5%Profit After Tax ₹31 cr PAT Margin 19.6% −1%

What went well

  • EBITDA increased substantially by 27% YoY to ₹39 crores, driven by project delivery efficiency.
  • EBITDA margins improved to 24.4%, an expansion of 505 bps over the corresponding period last year.
  • Geospatial Engineering Services revenue grew 30% YoY to ₹94 crores, indicating strong performance in a key segment.

What to watch

  • Profit after tax (PAT) marginally declined to ₹31 crores, with PAT margin contracting by 59 bps YoY to 19.6%.
  • Technology Solutions segment revenue declined by 25% YoY to ₹63 crores.
Read the full call →

What Ceinsys Tech does

Ceinsys Tech (branded CS TECH Ai) operates at the intersection of core engineering, geospatial intelligence, AI and mobility systems, delivering surveying, mapping, digital-twin and design solutions for infrastructure such as water networks, electrical/utility networks and smart cities. It earns primarily through project-based engagements for governments, PSUs and infrastructure enterprises in India, executed via a Geospatial & Engineering Services line and a Technology Solutions line, with an additional Mobility and Product-Services line billed under annual customer commitments. The company has expanded internationally, including a US subsidiary in the geospatial telecom sector, and has formed strategic alliances such as MOUs with Tech Mahindra and Aetosky for global business development and niche AI technology.

Segments

  • Geospatial & Engineering Services
  • Technology Solutions
  • Mobility and Product-Services
Office locations
8 Indian cities (Mumbai, Pune, Nagpur, Hyderabad, Bengaluru, Lucknow, Delhi, Chennai) plus USA, UK and Germany
Active projects delivered
100+ projects executed, with zero client churn
Engineering hours delivered (cumulative)
7 Mn+
Urban infrastructure mapped and analyzed
2.2 Mn sq. ft.
Image data processed for business intelligence
650K+ miles
Electrical network processed
100K+ miles
Founded 1998Headquarters Nagpur, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 11 tracked 1 delivered 4 missed 6 open
  • EBITDA Margin delivered said Q1 FY26 Promised: We expect the margins to sustain or maybe grow a bit. Q1 FY27: EBITDA margin improved further to 24.4%.
  • M&A Deal Conclusion went quiet said Q3 FY25 Promised: Hopefully, within next 2, 3 months, we should be able to give you some update on this. Q1 FY27: Previous timeline of 'next 2-3 months' (by Q1 FY27) passed. Management now discussing a new JV and is evasive on prior M&A targets, stating they are 'evaluating few opportunities'.
  • Annual Revenue at risk said Q3 FY25 Promised: Aspiring to achieve INR 1,000 crores of revenue in next 2 to 3 years. Q1 FY27: Q1 FY27 revenue grew only 1% YoY to 158cr. TTM revenue is ~660cr. The required growth rate to meet the target is not being met.

All 11 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 0.6%, net profit down 3.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue90 112 142 157 163 +81%170 +52%171 +20%158 +1%
EBITDA17 21 27 30 36 +112%40 +90%40 +48%38 +27%
Net profit12 18 22 32 26 +117%39 +117%37 +68%31 −3%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −58.1% 1Y

₹0.6k₹0.8k₹1.0k₹1.2k₹1.4k₹1.6kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 12 Feb 2026Q1 FY27 — 14 Aug 2026

1Y: ₹1,685.5 on 10 Sept 2025 → ₹706.8. High ₹1,700.85 (19 Sept 2025), low ₹679 (3 Sept 2026).

How the price took the results

close before → close after

Q1 FY27
+2.7%
14 Aug
Q3 FY26
−9.8%
12 Feb
Q2 FY26
−5.0%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 44.5% a year over 3 years, FY23 to FY26. Operating margin widened to 22.1%.

Year endingFY23FY24FY25FY26
Revenue₹219 Cr₹253 Cr₹418 Cr₹661 Cr
Operating profit₹31 Cr₹44 Cr₹78 Cr₹146 Cr
Operating margin14.2%17.4%18.7%22.1%
Interest₹8 Cr₹5 Cr₹2 Cr₹6 Cr
Depreciation₹4 Cr₹4 Cr₹9 Cr₹12 Cr
Net profit₹31 Cr₹35 Cr₹64 Cr₹134 Cr
Net margin14.2%13.8%15.3%20.3%
Cash from operations₹47 Cr₹49 Cr₹6 Cr₹3 Cr
Free cash flow₹45 Cr₹47 Cr₹-30 Cr₹-8 Cr
ROCE16.0%22.0%27.0%27.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹11 Cr₹15 Cr₹15 Cr₹16 Cr₹18 Cr₹21 Cr
Reserves₹78 Cr₹147 Cr₹183 Cr₹218 Cr₹449 Cr₹652 Cr
Borrowings₹87 Cr₹63 Cr₹57 Cr₹9 Cr₹75 Cr₹57 Cr
Other liabilities₹80 Cr₹75 Cr₹58 Cr₹83 Cr₹196 Cr₹200 Cr
Total liabilities₹256 Cr₹300 Cr₹313 Cr₹326 Cr₹739 Cr₹930 Cr
Fixed assets₹23 Cr₹45 Cr₹40 Cr₹44 Cr₹90 Cr₹86 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹19 Cr₹26 Cr₹44 Cr₹16 Cr₹23 Cr
Other assets₹233 Cr₹237 Cr₹246 Cr₹239 Cr₹632 Cr₹821 Cr
Total assets₹256 Cr₹300 Cr₹313 Cr₹326 Cr₹739 Cr₹930 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +5.38 pp while the public trimmed −3.65 pp. The shareholder count grew 12% to 29,709.

Promoters
50.9%
FIIs
10.1%
DIIs
0.2%
Public
38.8%

Since Jun 2025

  • FIIs +5.38 pp
  • Public −3.65 pp
  • Promoters −0.98 pp

How it drifted, 12 quarters

Over this window FIIs went from 0.2% to 10.1% — +9.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 58.6%, FIIs 0.2%, Public 41.2%.Dec '23: Promoters 58.6%, FIIs 0.1%, Public 41.3%.Mar '24: Promoters 55.4%, Public 44.6%.Jun '24: Promoters 55.4%, Public 44.7%.Sep '24: Promoters 51.9%, FIIs 4.3%, Public 43.9%.Dec '24: Promoters 51.9%, FIIs 4.5%, DIIs 0.3%, Public 43.3%.Mar '25: Promoters 51.9%, FIIs 4.7%, DIIs 0.9%, Public 42.6%.Jun '25: Promoters 51.9%, FIIs 4.7%, DIIs 1.0%, Public 42.5%.Sep '25: Promoters 50.7%, FIIs 4.6%, DIIs 1.0%, Public 43.7%.Dec '25: Promoters 50.7%, FIIs 4.3%, DIIs 0.2%, Public 44.7%.Mar '26: Promoters 50.9%, FIIs 10.3%, DIIs 0.2%, Public 38.7%.Jun '26: Promoters 50.9%, FIIs 10.1%, DIIs 0.2%, Public 38.8%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Ceinsys Tech above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sagar Dattatraya Meghe 16.03%unchanged
Raghav Infradevelopers And Builders Private Limited 15.35%unchanged
Rare Cp Fund I Lp. VC / PE9.92%unchanged
Devika Sagar Meghe 8.44%unchanged
SMG Hospitals Private Limited 6.51%unchanged
Vrinda Sameer Meghe 3.69%unchanged
Prashant Prabhakar Kamat 3.00%−0.25 pp
Treble Trading And Investment Company Pvt Ltd. 2.17%−0.73 pp
Raghav Manish Nuwal 2.07%unchanged
Raghav Sameer Meghe 0.85%unchanged
Sumanmala Mulak 0.00%unchanged
Rishi Tekriwal 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹707, this stock must grow earnings at 3% every year for 7 years. Our analysis caps realistic growth at ~63%. At that growth it is worth ₹12458 — upside of 1663%.

Growth the price implies
3.2% a year
for 7 years, fading to 4%
It has actually compounded at
62.9% a year
net profit, FY23–FY26
The gap
-0.6 pp
1663% downside if it only repeats history
Price today ₹706.8 Value at the reference growth ₹12,458.16

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Ceinsys Tech

Guides on how to read this kind of business and the numbers that matter.