Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 14 Oct - MMRCL partners with MapmyIndia Mappls to add Mumbai Metro Line 3 data to Mappls App.
Source: Bse
C.E. Info Systems Limited (MAPMYINDIA)
Large CapIT stocks · Large cap · NSE
C.E. Info Systems Limited (MapmyIndia) is an AI-powered deep-tech digital map data, geospatial software, and location-based IoT company. It offers multi-product, multi-industry, multi-use case products, platforms, APIs & solutions across Automotive, Enterprise, and Government verticals, earning revenue from licensing, subscriptions, device sales, and solutions.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals14 Oct 2026 · screener
Latest result04 Aug, 08:56 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
56Neutralfull bear SMA stack · SMA20 -7.1% / mo · MACD + · near 52W low · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 26
Sector RS: 100
Sector 3M: +8.9% vs Nifty 500 -5.6%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MAPMYINDIAD candles · FIT view-5.2%Latest close ₹873.95 on 2026-10-19
Bar
-3.0%
RSI
42
MACD hist
6.12
52W pos
7%
2026-10-19O ₹901.05H ₹905.00L ₹871.05C ₹873.95Vol 43,836 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MAPMYINDIANifty ITNifty 500
- MAPMYINDIA
- -20.3%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- -14.8 pp
Chart stats
19 Oct 2026- From 52W high
- -56.3%
- 52W range position
- 7%
- ATR (14)
- 3.6%
- Volume vs 20D
- 0.23x
- Avg traded value
- ₹17 Cr
- 20D price channel
- ₹833.2 - ₹969.8
₹1,998
₹795 - ₹1,998
₹31.8
Latest completed session
20-session average
33.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST38
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad22
Revenue +14.8% · PAT +8.7% YoY
Technical
Neutral56
Price trend and sector-relative-strength timing.
Valuation
Legacy model-8.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence71
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 22/100margin compression · Rev +15% YoY · PAT +9% YoY
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹140 Cr | +14.8% | -3.5% |
| EBITDA | ₹55 Cr | +1.9% | -14.1% |
| Operating margin | 40.0% | -500 bps | -400 bps |
| PAT | ₹50 Cr | +8.7% | -2.0% |
| PAT margin | 35.7% | -199 bps | +54 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 36.70
- P/B
- 5.59
- EV/EBITDA
- 24.94
- Market Cap
- 5055.00Cr
Profitability
- ROE
- 12.00%
- ROCE
- 19.10%
- ROA
- 13.29%
- Dividend Y
- 0.38%
Growth (CAGR)
- Revenue 5Y
- 25.00%
- EPS 5Y
- 16.00%
- Revenue 3Y
- 19.00%
- EPS 3Y
- 2.00%
Balance Sheet
- Debt/Equity
- 0.01
- Interest Coverage
- 170.00×
- Altman Z
- 8.53
- Book Value
- 165.00
Cash Flow
- FCF Yield
- 0.91%
- FCF Positive Y
- 8/5
- OCF
- 93.00 Cr
- EPS TTM
- 25.17
Shareholding
- Promoter Hold
- 51.41%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 474+2.4% vs prev
Net Profit
₹ CrLatest: 134-9.5% vs prev
Return on Equity
%Latest: 14.8-18.9% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 42.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~7.6% over last month) — short-term momentum negative.
- RSI(14) at 42 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 53% off 52W high · 10% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
4
RS percentile
Stage 4 Downtrend
1M return
-2.8%
3M return
-20.3%
6M return
-9.5%
1Y return
-51.8%
RS 1D
0
RS 20D
-3
Sector rank
#2
Industry rank
#5
Stage evidence
- Price is 7.5% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.4%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 55.5-2.41%
RS vs Nifty 50056
Valuation & peers
U-Score 38 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 38 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth12/25
Quality4/20
Balance Sheet10/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
38
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
38/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 10/15 to the score.
- Cash flow contributes 6/10 to the score.
Main drags
- Fair-value margin of safety is negative at -8.2%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Quality is weaker at 4/20; verify the latest quarterly trend.
Sector valuation model
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
36.7
PB
5.6
EV/EBITDA
24.9
ROE
12.0%
ROCE
19.1%
FCF Yield
0.9%
Debt/Equity
0.0
MoS
-8.2%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
38
Previous: 38
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-8.2%
Previous: -8.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
38
38
38
38
38
38
38
38
38
38
38
38
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹305.69
-185.9% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹807.96
-8.2% MoS
PEG
3.53
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
NEWGEN
Large
Newgen Software Technologies Limited
IT Services / Digital
match 162
63
19.8
19.6%
+32%
UNDERVALUED
SONATSOFTW
Large
Sonata Software Limited
IT Services / Digital
match 162
66
13.8
28.2%
+55%
UNDERVALUED
SOTL
Small
Savita Oil Technologies Limited
IT Services / Digital
match 162
37
12.0
8.3%
-187%
WATCHLIST
HAPPSTMNDS
Micro
Happiest Minds Technologies Limited
IT Services / Digital
match 161
35
20.8
13.8%
-34%
WATCHLIST
DATAMATICS
Small
Datamatics Global Services Limited
IT Services / Digital
match 160
55
18.1
16.0%
+34%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-13T07:48:32.172Z
Management commentary snapshot
Q1FY27 Revenue from Operations grew 14.9% YoY to ₹139.7 crore. EBITDA remained strong at ₹56.1 crore (40.2% margin), though impacted by product mix and a one-time write-off. PAT increased 8.6% YoY to ₹49.7 crore (31.2% margin).
MapmyIndia delivered profitable growth in Q1FY27, with strong revenue momentum and sustained profitability despite a one-time write-off impacting EBITDA margin. The strategic shift to AEG segmental reporting enhances transparency. Continued focus on AI-native product development and a robust 'moat' from extensive product offerings support the long-term thesis.
Current business mix
Revenue by Customer Segment (Q1FY27)
Latest issuer-disclosed distribution across 3 reported categories.
Automotive42.1%
Enterprise46.0%
Government11.9%
Growth engines
AI-powered Deep-Tech
Accelerating and increasing our push into AI-native product development, AI-native product offerings and AI-native organizational work.
Connected Mobility Solutions
Automotive business grew at 29% during Q1FY27 on a YoY basis; driven by continued momentum across map-led connected mobility solutions.
IoT-led Solutions Adoption
IoT-led business is scaling rapidly with increasing adoption of IoT-led solutions.
Digital Transformation Partnerships
Positioning us as an extremely valuable and differentiated digital transformation partner to them.
Tailwinds
AI Paradigm Shift
AI is causing a paradigm shift and technological revolution in the world today. We see the coming time as the golden era for our company.
Customer Trust & Product Moat
Our performance reflects the continued strength and moat of our products, platforms, APIs and solutions, alongside disciplined execution and continuously growing trust of customers.
Expanding Use Cases
Unlocking more use cases for more customers through more of our products and solutions.
Headwinds
Product Mix Impact on Margin
EBITDA margin impacted due to change in product mix during this quarter.
One-time Write-off
One-time Rs 4 cr write off for a specific government customer in Q1F27 impacted EBITDA margin.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The company primarily reports and emphasizes year-on-year growth for key financial metrics and segmental performance, providing a clear view of annual business expansion. While Q1 is seasonally weak for Government, the overall focus is on YoY.
Sector KPIs management disclosed
Revenue from Operations Growth
Revenue from operations grew by 14.9% YoY, reaching ₹139.7 Cr in Q1FY27.
EBITDA Margin
EBITDA remained strong at ₹56.1 crore with EBITDA margin at 40.2%.
PAT Growth
PAT increased 8.6% YoY to ₹49.7 Cr.
Map-led Business Revenue
Map-led business had stable revenue at ₹98.7 crore.
Management forward view
Accelerated AI Focus
We are leaning heavily into AI – accelerating and increasing our push into AI-native product development, AI-native product offerings and AI-native organizational work.
Leadership Strengthening
Appointment of Rohan Verma as Joint Managing Director... reflects our commitment to strengthening our leadership as we accelerate innovation.
Refined Reporting Framework
Refining the way we present our segmental revenue... to help investors and analysts understand our business better.
Sustainable Growth Model
This is our moat, this is our flywheel, and this is our opportunity to keep growing and expanding our business in the time to come.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| IoT-led Business Growth | 75% YoY revenue growth in Q1FY27. | Continued rapid scaling and adoption of IoT-led solutions and sustained improvement in its EBITDA margin. |
| EBITDA Margin | 40.2% in Q1FY27 (impacted by one-time write-off and product mix). | Recovery and stabilization of EBITDA margin as product mix normalizes and one-time impacts subside. |
| Automotive Segment Momentum | 29% YoY growth in Q1FY27. | Continued momentum from new OEM deployments, contract renewals, and expansion into non-India markets. |
| AI-native Product Development | Accelerating push into AI-native product development and offerings. | Tangible new AI-native product offerings and their market adoption across customer segments. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
71Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 66th percentile of the scored universe and 62nd percentile within IT. Main check: results consistency is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
95 docs text-extracted · 38 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
66th percentile
overall median 67 · IT: 62nd pctile, median 69 · Large: 42nd pctile, median 73
Evidence depth
Financial-only
95 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
5 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
43
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.9%.
- ▸8 years of positive FCF.
- ▸Debt/equity is 0.01.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE trend is -3.9%.
- ▸OPM spread across recent quarters is 22%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching C.E. Info Systems Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 Oct - MapmyIndia and MathWorks collaborate to accelerate ADAS validation using HD maps for Indian roads.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Sep - Institutional investor meeting scheduled for September 22, 2026 at Anand Rathi G-200 Summit.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 31 Aug - MapmyIndia Mappls and ClarityX launch Geo-FI geo-intelligence lending stack for BFSI.
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Aug - Copies of Financial Results published in Newspaper
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 30 Jun - Rohan Verma appointed Joint Managing Director effective 1 July 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 30 Jun - Board appoints Rohan Verma Joint MD from 1 July 2026; AGM scheduled for 11 August 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Jul - Submission of Newspaper cuttings regarding 31st AGM of the Company
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.