CEINSYS

Ceinsys Tech share price & financials

Price
₹905.15
Market cap
₹1.5k Cr
Sector
Information Technology
Calls analysed
3
Latest concall · Q4 FY26 · call held 03 Jun 2026

CEINSYS Q4 FY26

FY26 EBITDA ₹145 cr +86%FY26 EBITDA Margin 21.9% +3%FY26 Net Profit ₹133 cr +111%FY26 PAT Margin 20% +5%

What went well

  • Q4 FY26 Operational Revenue grew 20% YoY to INR 171 crores.
  • Q4 FY26 EBITDA increased 50% YoY to INR 40 crores, with margins improving by 475 bps to 23.6%.
  • Q4 FY26 Net Profit grew 70% YoY to INR 37 crores, with PAT margins expanding by 641 bps to 21.8%.

What to watch

  • Unbilled revenue increased, with INR 350 crores outstanding, due to milestones not being achieved by quarter-end.
  • Order intake for FY26 was less than INR 400 crores, lower than the executed revenue for the year.
Read the full call →

What Ceinsys Tech Limited does

Ceinsys Tech (CS TECH Ai) operates at the intersection of core engineering, AI and geospatial intelligence, building GIS mapping, digital-twin and technology platforms used to plan, build and maintain infrastructure, water, energy, mobility and smart-city assets. It earns revenue mainly from project- and milestone-based contracts with government, PSU and infrastructure-enterprise clients in India, executed through its two operating segments, and is expanding internationally (USA, UK, Germany, MEA) via organic delivery and acquisitions. It has grown inorganically through acquisitions such as Allygrow (mobility, 2022) and VTS (US geospatial-telecom, 2024).

Segments

  • Geospatial & Engineering Services
  • Technology Solutions
Projects under execution
100+ projects, with zero client churn
Engineering hours delivered (cumulative)
7 Mn+
Urban infrastructure mapped and analyzed (Smart Cities)
2.2 Mn sq. ft.
Satellite/drone image data processed for business intelligence
650K+ miles
Water network designed and implemented
35K+ miles
Electrical network processed (Energy)
100K+ miles
Founded 1998Headquarters Nagpur, Maharashtra, India Company website

Guidance record · Q4 FY26

what the last two calls moved 9 tracked 1 delivered 4 missed 4 open
  • EBITDA Margin delivered said Q3 FY26 Promised: Stable to improve QoQ Q4 FY26: Q4 margin was 23.6%, a slight improvement over Q3's 23.48%, meeting the 'stable to improve' guidance.
  • Order Inflow missed said Q2 FY26 Promised: Rs. 700-800 crores in Q3/Q4 Q4 FY26: Booked only INR 62 crores. Total H2 inflow was INR 232 crores, a significant miss of the INR 700-800 crore guidance.
  • Acquisition Announcement delayed said Q2 FY26 Promised: Within next one or two months (i.e., by Q3/Q4) Q4 FY26: Timeline pushed again to 'next 1 or 2 quarters'. The strategy has also been modified to include JVs.

All 9 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 −30.1% YTD

₹0.8k₹1.0k₹1.2kFebMarAprMayJunJulAugSeptQ3 FY26 — 19 Feb 2026Q4 FY26 — 3 Jun 2026

YTD: ₹1,010.8 on 19 Feb 2026 → ₹707. High ₹1,229.2 (17 Apr 2026), low ₹677.85 (4 Sept 2026).

How the price took the results

close before → close after

Q4 FY26
−0.5%
3 Jun

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 61.6% a year over 2 years, FY24 to FY26. Operating margin widened to 22.1%.

Year endingFY24FY25FY26
Revenue₹253 Cr₹418 Cr₹661 Cr
Operating profit₹44 Cr₹78 Cr₹146 Cr
Operating margin17.4%18.7%22.1%
Interest₹5 Cr₹2 Cr₹6 Cr
Depreciation₹4 Cr₹9 Cr₹12 Cr
Net profit₹35 Cr₹64 Cr₹134 Cr
Net margin13.8%15.3%20.3%
Cash from operations₹49 Cr₹6 Cr₹3 Cr
Free cash flow₹47 Cr₹-30 Cr₹-8 Cr
ROCE22.0%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 Limited 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 ~96%. At that growth it is worth ₹43041 — upside of 5988%.

Growth the price implies
3.2% a year
for 7 years, fading to 4%
It has actually compounded at
95.7% a year
net profit, FY24–FY26
The gap
-0.9 pp
5988% downside if it only repeats history
Price today ₹707 Value at the reference growth ₹43,040.94

Change the assumptions yourself →

All earnings calls (3)

Read the Q4 FY26 call →

Learn to analyse Ceinsys Tech Limited

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