C.E. Info Systems Ltd (MAPMYINDIA)

Information Technology · IT - Software · NSE · Updated 2 September 2026
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings
₹999.85 ↓ 39.32% (1Y)

🎯 Key Takeaways

  • C.E.
  • Revenue declined 3.7% QoQ to ₹140 in Q1FY27.
  • ⚠️ Margin pressure from product mix shifts toward lower-margin services and one-time write-offs could persist if growth in high-margin segments like Auto
Market Cap
₹5,475
P/E Ratio
39.8
P/B Ratio
6.05
ROE
15.2%
ROCE
21.6%
Debt/Equity
0.00
Div Yield
0.35%
Promoter
51.4%

📖 The Story

C.E. Info Systems Ltd (MAPMYINDIA) is in a strategic transition phase, shifting from legacy mapping services toward high-growth verticals like Automotive, Enterprise, and Government, supported by a robust ₹1,750 crore order book and AI-driven product development. While recent quarters show revenue growth and margin stability, profitability has faced pressure from product mix shifts and one-time write-offs, with PAT margin declining to 31.2% in Q1 FY27. The company is leveraging its strong cash position and zero debt to reinvest in emerging segments, though international operations remain non-material. Management is focused on scaling high-margin services and expanding its Geo-Intelligence platform, positioning for long-term structural growth despite near-term volatility.

📰 What's Happening

In Q1 FY27 (August 2026), revenue grew 14.9% YoY to ₹139.7 crores, driven by 29% growth in Automotive (₹58.8 crores) and 6% in Enterprise (₹64 crores), with the order book expanding to ₹1,750 crores. Management appointed Rohan Verma as Joint Managing Director effective July 1, 2026, pending shareholder approval, to lead AI-driven product development. The company also introduced market-wise segment reporting and launched Geo-FI, India’s first Geo-Intelligence Stack for Lending in partnership with ClarityX. Despite a ₹4 crore one-time write-off impacting EBITDA margin, PAT rose 8.6% YoY to ₹49.7 crores, reflecting operational resilience amid strategic realignment.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

MetricSep 2025Dec 2025Mar 2026Jun 2026
Revenue11494145140
Operating Profit20195747
OPM %17.7%20.4%39.2%33.6%
Net Profit19195150
EPS₹3.32₹3.43₹9.28₹9.09

Revenue has shown consistent growth over the past four quarters, rising from ₹94 crores in December 2025 to ₹140 crores in June 2026, with operating margins stabilizing around 33-39%. However, PAT margin declined to 31.2% in Q1 FY27 from 39.2% in March 2026, primarily due to a ₹4 crore one-time write-off and product mix pressures. Despite this, net profit remained positive at ₹49.7 crores in Q1 FY27, supported by strong operational performance. The company’s zero debt and growing reserves underscore financial discipline, though recent quarters show volatility in profitability that requires monitoring.

🔮 Management Outlook & What's Next

Management targets EBITDA margins of 35% plus and plans calibrated expansion in Automotive and IoT segments, with international markets to be approached cautiously. The appointment of Rohan Verma as Joint Managing Director signals a strategic push toward AI-driven product development and deeper integration across verticals. Management emphasizes the long-term visibility provided by the ₹1,750 crore order book and the potential of Geo-FI to unlock new revenue streams in financial services. No formal long-term financial targets were provided, but capital allocation will prioritize organic growth in high-potential segments.

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

🏦 Balance Sheet (₹ Cr)

ItemMar 2025Mar 2025Mar 2026Mar 2026
Equity Capital11111111
Reserves717780822894
Borrowings3530100
Total Liabilities8439429741,036
Fixed Assets334042105
Investments446489505517
Total Assets8439429741,036

The balance sheet remains exceptionally strong, with equity of ₹11 crores and reserves of ₹894 crores as of March 2026, and zero borrowings. Total assets grew to ₹1,036 crores from ₹942 crores a year ago, reflecting asset base expansion without leverage. This financial profile enables aggressive reinvestment in growth verticals while maintaining flexibility for dividends or strategic opportunities. The absence of debt reduces financial risk, though capital intensity may increase with AI and Geo-Intelligence platform development.

💰 Cash Flow Statement (₹ Cr)

ItemMar 2026
Operating+93
Investing-48
Financing-53
Net Cash Flow-7

👥 Shareholding Pattern

CategoryQ2FY26Q3FY26Q4FY26Q1FY27
Promoters51.4%51.4%51.4%51.4%
FII4.6%3.9%3.1%1.5%
DII13.1%14.0%14.3%12.7%
Public11.9%11.7%12.0%15.1%
# Shareholders1,49,5301,47,0411,42,3091,50,090

Promoter holding remains stable at 51.41%, indicating confidence in long-term prospects. FII ownership declined slightly to 1.52% in Q1 FY27 from 3.15% in Q4 FY26, while DII increased sharply to 12.74% from 1.1%, suggesting institutional accumulation. The growing number of shareholders (150,090 in Q1 FY27) and rising DII participation reflect increasing market interest. No pledges or exits were disclosed, and the shareholding pattern remains stable, with public holding rising to 15.1%, indicating broader retail engagement.

⚖️ Peer Comparison — IT - Software

Company MCap (₹ Cr) P/E ROCE ROE D/E
TCS 8.56 L Cr 17.2 63.2% 46.7% 0.00
INFY 4.68 L Cr 15.6 44.9% 32.7% 0.00
HCLTECH 3.67 L Cr 21.0 31.6% 23.2% 0.00
WIPRO 1.80 L Cr 14.4 18.1% 15.1% 0.19
TECHM 1.60 L Cr 28.2 24.8% 17.4% 0.00
LTM 1.37 L Cr 26.1 30.5% 21.6% 0.00
OFSS 1.06 L Cr 30.9 60.3% 43.6% 0.00
PERSISTENT 91,416 47.0 32.7% 24.5% 0.00
COFORGE 87,786 40.3 25.6% 20.7% 0.04
MPHASIS 47,828 25.0 22.3% 17.8% 0.17

🔗 Peer Stock Analyses

⚠️ Risk Factors

1. Margin pressure from product mix shifts toward lower-margin services and one-time write-offs could persist if growth in high-margin segments like Automotive does not accelerate. 2. International expansion remains non-material and unproven, with no clear timeline or strategy for monetization. 3. Leadership transition in Mappls DT Private Limited may introduce governance or operational instability in a key subsidiary. 4. Dependence on government and enterprise contracts exposes the company to regulatory and procurement risks, particularly as it pivots toward new verticals.

📋 Recent Filings

🧠 Analyst's Read

C.E. Info Systems is undergoing a strategic pivot toward AI-driven verticals with strong order book momentum, but near-term profitability is being weighed down by structural shifts and one-time items. Investors should monitor execution in Automotive and Geo-FI, as well as the pace of margin recovery, as key indicators of sustainable progress.

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 2026-09-02.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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