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C.E. Info Systems Ltd.
(MAPMYINDIA)
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Rating:67Neutral
Price Target:
₹863.00
▼(-22.71% Downside)
Action:Downgraded
Date:10/14/26
The score is primarily supported by strong financial fundamentals—high profitability and a very conservative balance sheet. It is held back by weaker technical positioning (below key longer-term moving averages and negative MACD) and a relatively expensive valuation (high P/E with a very low dividend yield).
Positive Factors
Proprietary platform and recurring revenue
Ownership of proprietary Indian map and geospatial data reduces reliance on third-party licensors and supports differentiated products. Recurring subscriptions, API usage, updates, and multi-year automotive programs can improve revenue visibility and reinforce customer relationships over the next several quarters.
Negative Factors
Recent revenue contraction
The 2026 revenue decline interrupts the company’s earlier expansion trend and signals that growth has recently slowed. If this persists, it could reduce operating leverage, constrain investment capacity, and make future earnings growth more dependent on winning new contracts or expanding existing accounts.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary platform and recurring revenue
Ownership of proprietary Indian map and geospatial data reduces reliance on third-party licensors and supports differentiated products. Recurring subscriptions, API usage, updates, and multi-year automotive programs can improve revenue visibility and reinforce customer relationships over the next several quarters.
Read all positive factors
C.E. Info Systems Ltd. (MAPMYINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹43.58B
Dividend Yield0.44%
Average Volume (3M)7.60K
Price to Earnings (P/E)31.6
Beta (1Y)1.05
Revenue Growth1.83%
EPS Growth-12.91%
CountryIN
Employees408
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)25.12
Shares Outstanding54,814,210
10 Day Avg. Volume4,497
30 Day Avg. Volume7,597
Financial Highlights & Ratios
PEG Ratio-3.82
Price to Book (P/B)5.21
Price to Sales (P/S)9.95
P/FCF Ratio92.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)32.93
Revenue Forecast (FY)₹6.01B
C.E. Info Systems Ltd. Business Overview & Revenue Model
Company Description
C. E. Info Systems Limited, operating under the symbol MAPMYINDIA.NS, is a leading Indian technology and data company. Founded in 1992 and headquartered in New Delhi, this enterprise specializes in delivering cutting-edge digital mapping, geospati...
How the Company Makes Money
MapmyIndia primarily earns revenue by licensing and subscription-based sale of its proprietary maps, geospatial datasets, and location intelligence software to business and institutional customers. A major stream comes from enterprise and governme...
C.E. Info Systems Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
94
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.92B | 4.74B | 4.63B | 3.79B | 2.81B | 2.00B |
| Gross Profit | 3.06B | 3.23B | 2.19B | 1.90B | 1.64B | 1.22B |
| EBITDA | 2.21B | 2.21B | 1.80B | 1.94B | 1.52B | 1.28B |
| Net Income | 1.38B | 1.34B | 1.47B | 1.34B | 1.07B | 870.30M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 10.36B | 9.42B | 7.92B | 6.71B | 5.17B |
| Cash, Cash Equivalents and Short-Term Investments | 3.33B | 3.33B | 3.65B | 2.84B | 3.32B | 1.83B |
| Total Debt | 0.00 | 70.40M | 298.50M | 257.30M | 293.90M | 190.95M |
| Total Liabilities | -9.05B | 1.31B | 1.50B | 1.32B | 1.28B | 707.37M |
| Stockholders Equity | 9.05B | 9.05B | 7.91B | 6.59B | 5.42B | 4.46B |
Cash Flow | ||||||
| Free Cash Flow | 277.10M | 509.30M | 637.70M | 481.40M | 673.50M | 247.70M |
| Operating Cash Flow | 451.10M | 933.30M | 1.13B | 755.20M | 898.90M | 287.60M |
| Investing Cash Flow | -370.40M | -476.80M | -1.02B | -587.40M | -632.90M | -112.20M |
| Financing Cash Flow | -499.00M | -528.00M | -172.30M | -194.60M | 83.20M | -109.40M |
C.E. Info Systems Ltd. Technical Analysis
Negative
1116.55
Price Trends
911.80
Negative
956.35
Negative
1005.08
Negative
Market Momentum
-26.19
Positive
30.24
Neutral
12.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAPMYINDIA, the sentiment is Negative. The current price of 1116.55 is above the 20-day moving average (MA) of 869.32, above the 50-day MA of 911.80, and above the 200-day MA of 1005.08, indicating a bearish trend. The MACD of -26.19 indicates Positive momentum. The RSI at 30.24 is Neutral, neither overbought nor oversold. The STOCH value of 12.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MAPMYINDIA.
C.E. Info Systems Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹236.14B | 35.23 | ― | 1.98% | 10.01% | -0.08% | |
69 Neutral | ₹103.26B | 56.74 | ― | ― | 50.17% | -39.95% | |
67 Neutral | ₹43.58B | 31.64 | ― | 0.44% | 1.83% | -12.91% | |
57 Neutral | ₹19.08B | 64.91 | ― | ― | 10.73% | 236.66% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹141.16B | 60.68 | ― | 0.13% | 12.20% | 2.98% | |
50 Neutral | ₹11.46B | 22.97 | ― | 0.16% | 3.73% | -49.32% |
* General Sector Average
IN:MAPMYINDIA
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C.E. Info Systems Ltd. Corporate Events
MapmyIndia and MathWorks Team Up to Speed ADAS Validation on Indian Roads
Oct 5, 2026
C.E. Info Systems’ MapmyIndia Mappls unit has partnered with MathWorks to integrate its high-definition Indian road maps with MATLAB, Simulink, and RoadRunner, aiming to support automotive engineers developing and validating Advanced Driver ...
MapmyIndia Mappls, ClarityX Launch Geo-FI Geo-Intelligence Stack for Lending
Aug 31, 2026
MapmyIndia Mappls and AI-driven analytics firm ClarityX have jointly launched Geo-FI, billed as India’s first comprehensive geo-intelligence stack for lending, aimed at integrating spatial insights into every stage of the credit lifecycle. T...
C.E. Info Systems Publishes Q1 FY2027 Earnings Call Recording
Aug 4, 2026
C.E. Info Systems Ltd. has announced that the audio recording of its Q1 FY2027 earnings call, held on August 4, 2026, has been made available on the company’s website for investors and other stakeholders. The move aligns with regulatory disc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.