MAPMYINDIA

C.E. Info Systems share price & financials

Price
₹1,173.05
Market cap
₹5.6k Cr
Sector
Information Technology
Calls analysed
7
Latest concall · Q1 FY27 · call held 04 Aug 2026

C.E. Info Systems Limited Q1 FY27

Revenue ₹139.7 cr +15%EBITDA ₹56.1 cr EBITDA Margin 40.2% PAT ₹49.7 cr +9%

What went well

  • Revenue increased 14.9% year-on-year to INR 139.7 crores.
  • EBITDA stood at INR 56.1 crores, achieving a healthy margin of 40.2%.
  • Profit After Tax (PAT) grew 8.6% to INR 49.7 crores, with a PAT margin of 31.2%.

What to watch

  • A one-time write-off of INR 4 crores from a government client impacted the EBITDA margin by 4%, although the net P&L impact was INR 80 lakhs.
  • The Map-led business segment showed relatively flat growth, increasing only 0.51% year-on-year to INR 98.7 crores.
Read the full call →

What C.E. Info Systems Limited does

C.E. Info Systems (MapmyIndia/Mappls) builds and licenses India's digital map database and geospatial technology stack, delivered as Maps-as-a-Service (raw map data, HD/3D maps and RealView imagery), Software-as-a-Service (IoT-enabled apps for mobility, enterprise, government and consumers) and Platform-as-a-Service (developer APIs and SDKs). It earns revenue from automotive OEMs via embedded in-vehicle navigation, ADAS and connected-car software on its N-CASE platform; from enterprises via fleet/logistics tracking, workforce automation and analytics products (InTouch, Workmate, Insight, mGIS); from government bodies via digital-twin, land, transport and defence geospatial projects delivered through subsidiary Mappls DT; and from consumers via the free Mappls navigation app and IoT gadgets (dashcams, trackers) sold through subsidiary Gtropy Systems. It also runs a joint venture, PT Terra Link Technologies, with Hyundai AutoEver to supply mapping and connected-car services across Southeast Asia.

Segments

  • Map-led
  • IoT-led
  • Automotive & Mobility (A&M)
  • Consumer Tech & Enterprise Digital Transformation (C&E)
Embedded-navigation market share with major auto OEMs in India
80-85%
New vehicles integrated with MapmyIndia/Mappls navigation (FY26)
3.5+ million
Cumulative Mappls consumer app downloads (lifetime)
45+ million
B2B & B2B2C customers served since inception
3,000+
Customers on MaaS/SaaS/PaaS subscription platforms (FY26)
1,150+
Developer APIs & SDKs offered
120+
Founded 1995Headquarters New Delhi, IndiaEmployees 1,460 (FY2026 (year ended March) Company website

Guidance record · Q1 FY27

what the last two calls moved 11 tracked 1 delivered 5 missed 5 open
  • Government Revenue Share delivered said Q3 FY25 Promised: double digit but less than 20% Q1 FY27: Deadline passed. Final verdict stands.
  • FY25 Revenue Growth missed said Q3 FY25 Promised: attain the 25% growth for the whole year Q1 FY27: Deadline passed. Final verdict stands.
  • FY28 Total Revenue at risk said Q3 FY25 Promised: attain 1,000 crores in FY28 Q1 FY27: Not mentioned this quarter. The strong open order book of INR 1,750 cr is cited as providing visibility for future growth, but the specific INR 1,000 cr target was not reaffirmed.

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

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 20.4%, net profit up 10.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue84 96 118 103 85 +1%85 −11%128 +8%124 +20%
EBITDA34 39 52 56 20 −41%23 −41%53 +2%60 +7%
Net profit31 33 49 50 18 −42%22 −33%47 −4%55 +10%
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 −43.9% 1Y

₹1.0k₹1.5k₹2.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 16 Feb 2026Q4 FY26 — 20 May 2026Q1 FY27 — 4 Aug 2026

1Y: ₹1,649 on 10 Sept 2025 → ₹925.8. High ₹1,949.2 (14 Oct 2025), low ₹801.1 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−4.7%
4 Aug
Q4 FY26
−5.7%
20 May
Q3 FY26
−6.6%
16 Feb
Q2 FY26
−4.6%
11 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 13.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 37.9%.

Year endingFY23FY24FY25FY26
Revenue₹275 Cr₹316 Cr₹384 Cr₹401 Cr
Operating profit₹115 Cr₹146 Cr₹166 Cr₹152 Cr
Operating margin41.8%46.2%43.2%37.9%
Interest₹3 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹7 Cr₹8 Cr₹12 Cr₹16 Cr
Net profit₹107 Cr₹137 Cr₹150 Cr₹137 Cr
Net margin38.9%43.4%39.1%34.2%
Cash from operations₹100 Cr₹67 Cr₹111 Cr₹109 Cr
Free cash flow₹85 Cr₹46 Cr₹85 Cr₹88 Cr
ROCE27.0%29.0%24.0%19.0%
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₹4 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr
Reserves₹227 Cr₹427 Cr₹524 Cr₹645 Cr₹822 Cr₹920 Cr
Borrowings₹149 Cr₹16 Cr₹12 Cr₹7 Cr₹10 Cr₹7 Cr
Other liabilities₹49 Cr₹51 Cr₹94 Cr₹87 Cr₹132 Cr₹119 Cr
Total liabilities₹428 Cr₹505 Cr₹641 Cr₹750 Cr₹974 Cr₹1.1k Cr
Fixed assets₹33 Cr₹28 Cr₹29 Cr₹38 Cr₹97 Cr₹68 Cr
Capital work in progress₹0 Cr₹0 Cr₹7 Cr₹9 Cr₹0 Cr₹7 Cr
Investments₹275 Cr₹313 Cr₹379 Cr₹427 Cr₹505 Cr₹570 Cr
Other assets₹120 Cr₹165 Cr₹226 Cr₹275 Cr₹372 Cr₹412 Cr
Total assets₹428 Cr₹505 Cr₹641 Cr₹750 Cr₹974 Cr₹1.1k 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 trimmed −3.84 pp while the public added +3.39 pp. The shareholder count shrank 3% to 1,50,090.

Promoters
51.4%
FIIs
1.5%
DIIs
12.7%
Public
34.3%

Since Jun 2025

  • FIIs −3.84 pp
  • Public +3.39 pp
  • DIIs +0.68 pp

How it drifted, 12 quarters

Over this window DIIs went from 5.8% to 12.7% — +7.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 52.9%, FIIs 5.7%, DIIs 5.8%, Public 35.5%.Dec '23: Promoters 52.9%, FIIs 6.0%, DIIs 4.3%, Public 36.8%.Mar '24: Promoters 52.9%, FIIs 6.7%, DIIs 4.7%, Public 35.6%.Jun '24: Promoters 52.0%, FIIs 6.4%, DIIs 5.8%, Public 35.9%.Sep '24: Promoters 51.7%, FIIs 6.4%, DIIs 5.8%, Public 36.1%.Dec '24: Promoters 51.7%, FIIs 4.7%, DIIs 7.1%, Public 36.5%.Mar '25: Promoters 51.6%, FIIs 4.4%, DIIs 8.9%, Public 35.0%.Jun '25: Promoters 51.6%, FIIs 5.4%, DIIs 12.1%, Public 30.9%.Sep '25: Promoters 51.4%, FIIs 4.6%, DIIs 13.1%, Public 30.9%.Dec '25: Promoters 51.4%, FIIs 3.9%, DIIs 13.9%, Public 30.8%.Mar '26: Promoters 51.4%, FIIs 3.1%, DIIs 14.3%, Public 31.1%.Jun '26: Promoters 51.4%, FIIs 1.5%, DIIs 12.7%, Public 34.3%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of C.E. Info Systems Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Rakesh Kumar Verma 41.39%unchanged
Phonepe Limited 13.65%unchanged
Rashmi Verma 9.50%unchanged
Tata Mutual Fund- Tata Small Cap Fund Mutual fund5.12%unchanged
ICICI Prudential Technology Fund Mutual fund3.61%−0.16 pp
Zenrin Co., Ltd 3.41%unchanged
Franklin India Opportunites Fund Mutual fund1.57%−0.24 pp
Rohan Verma 0.52%unchanged
Rakhi Prasad 0.01%unchanged
Vineet Jaipuriar 0.00%unchanged
Rupa Amitabh 0.00%unchanged
Axis Max Life Insurance Limited A/C - Ulif01311/02/08lifehighgr104 - High Growth Fund Insurer—off the list

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.

Mutual funds in MAPMYINDIA

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.01 L shares (+1.0%).

Held by funds
₹5 Cr
5 schemes
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹3 Cr · 0.1% of that fund
SchemeHoldingLast month
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹3 Cr+0.00 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹1 Cr+0.00 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 1 trimmed — net +500 shares (+1.0%)

Funds are sitting on
-26%
vs est. average cost
Held by funds
₹5 Cr
5 schemes · ≈ 0.11% of the company
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹3 Cr · 0.1% of that fund

Shares held by these funds +416%

Aug '23 50,773 shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹926, this stock must grow earnings at 28% every year for 7 years. Our analysis caps realistic growth at ~8%. At that growth it is worth ₹330 — downside of 64%.

Growth the price implies
28.1% a year
for 7 years, fading to 4%
It has actually compounded at
8.6% a year
net profit, FY23–FY26 · EPS 8.2%
The gap
0.2 pp
-64% downside if it only repeats history
Price today ₹925.8 Value at the reference growth ₹330.34

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse C.E. Info Systems Limited

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