C.E. Info Systems Limited (MAPMYINDIA)

Information Technology · IT - Software · NSE · Updated 20 July 2026

₹1,173.05 ↓ 35.16% (1Y)

🎯 Key Takeaways

C.E.
Revenue grew 10.5% QoQ to ₹115 in Q3FY25.
⚠️ Despite strong sequential results, long-term revenue growth remains muted at 2.3% YoY, raising concerns about top-line expansion in a competitive IT s

Market Cap

₹5,553

P/E Ratio

40.3

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

C.E. Info Systems Limited (MAPMYINDIA) is transitioning from a mature, stable IT software player into a growth-oriented digital infrastructure leader with strategic investments in AI, geospatial intelligence, and IoT-driven enterprise solutions. Despite flat YoY revenue growth of 2.3% in FY26, the company is experiencing strong sequential momentum, with Q4 FY26 revenue surging 54.8% QoQ to ₹145 crores and PAT rising 171.3% to ₹50.9 crores, indicating operational recovery and margin expansion. The business is repositioning around high-growth segments like automotive digital transformation and enterprise IoT, supported by an ₹1,754 crore order book and 35% YoY growth in IoT-led revenue.

📰 What's Happening

In Q4 FY26, MAPMYINDIA reported robust financial performance with revenue of ₹145 crores (+54.8% QoQ), EBITDA of ₹64.7 crores (+141.9% QoQ), and PAT of ₹50.9 crores (+171.3% QoQ), accompanied by significant margin expansion — EBITDA margin at 44.6% and PAT margin at 31.3%. Management highlighted a strong order book of ₹1,754 crore and sustained growth in both Map-led and IoT-led segments, particularly in automotive and enterprise digital transformation markets. The company declared a final dividend of ₹3.50 per share (175% payout), subject to shareholder approval at the upcoming AGM. Additionally, Rohan Verma was appointed as Joint Managing Director effective July 1, 2026, signaling leadership continuity and strategic focus on AI and geospatial intelligence.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q3FY23	Q4FY23	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	68	72	91	92	107	101	104	115
Operating Profit	38	39	49	48	52	53	47	51
OPM %	41.2%	40.0%	45.0%	39.1%	37.0%	42.1%	36.1%	36.4%
Net Profit	30	28	33	31	38	36	30	32
EPS	₹5.53	₹5.22	₹6.11	₹5.69	₹7.02	₹6.63	₹5.58	₹5.96

The company’s financial trajectory shows a sharp sequential recovery in Q4 FY26, reversing earlier margin pressures and profitability declines seen in prior quarters. While YoY revenue growth remains modest at 2.3%, the dramatic QoQ surge in Q4 reflects strong execution and market demand in core segments. Operating performance has improved significantly, with EBITDA margin expanding to 44.6% and PAT margin to 31.3%, up from 37% and lower PAT levels in previous periods. This turnaround is attributed to operational efficiency, cost optimization, and rising scale in high-margin digital services, despite flat long-term growth. The financials underscore a business emerging from a transitional phase into renewed growth momentum.

🔮 Management Outlook & What's Next

Management maintains a positive outlook, emphasizing strategic investments in AI, geospatial intelligence, and digital transformation across automotive, government, and enterprise sectors. At the 31st AGM scheduled for August 11, 2026, the company highlighted its 80-85% market share in embedded navigation and plans to expand into new technologies and geographies. Management cited sustained growth in IoT-led revenue (35% YoY) and a robust ₹1,754 crore order book as indicators of future resilience. Capital allocation will continue to support innovation and market expansion, with no immediate signals of dividend policy changes despite strong cash flows.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — IT - Software

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Tata Consultancy Services Limited	8.19 L Cr	17.2	67.6%	50.4%	0.00
Infosys Limited	4.54 L Cr	16.6	40.8%	29.2%	0.00
HCL Technologies Limited	3.07 L Cr	18.6	31.9%	23.6%	0.03
Wipro Limited	1.99 L Cr	15.0	19.1%	16.1%	0.20
Tech Mahindra Limited	1.34 L Cr	26.3	22.1%	10.0%	0.07
LTM Limited	1.18 L Cr	25.7	—	—	—
Oracle Financial Services Software Limited	78,487	34.0	—	—	—
Persistent Systems Limited	74,176	54.5	—	—	—
Coforge Limited	43,059	50.2	—	—	—
MphasiS Limited	39,760	23.9	—	—	—

🔗 Peer Stock Analyses

TCS INFY HCLTECH WIPRO TECHM

⚠️ Risk Factors

1. Despite strong sequential results, long-term revenue growth remains muted at 2.3% YoY, raising concerns about top-line expansion in a competitive IT sector. 2. PAT declined 9.21% in FY26 to [amount context mismatch] Cr, indicating pressure on bottom-line scalability despite margin improvements in Q4. 3. The company’s strategic pivot to AI and IoT requires sustained investment, which may impact near-term profitability if returns are delayed. 4. Execution risk in new verticals like enterprise digital transformation and automotive tech could affect order conversion and market penetration.

📋 Recent Filings

🧠 Analyst's Read

MAPMYINDIA is repositioning for long-term growth through strategic bets in AI and geospatial intelligence, supported by strong operational recovery and a healthy order book. While near-term PAT pressure persists and revenue growth is modest, the company’s dominant market position and improving margins suggest a potential inflection point. Investors should monitor execution of new segment traction, order-to-revenue conversion, and management’s ability to sustain margin expansion amid competitive and macroeconomic headwinds.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-20.

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