C.E. Info Systems Ltd. (MAPMYINDIA) AI Stock Analysis

C.E. Info Systems Ltd.

(NSE:MAPMYINDIA)

Select Model

Rating:67Neutral

Price Target:INR 863.00▲(8.55% Upside)

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 revenueOwnership of proprietary map data reduces reliance on third-party licensors and supports differentiated enterprise, automotive and government offerings. Recurring subscriptions, usage fees and lifecycle contracts can improve revenue visibility and reinforce customer relationships over the next several quarters.

Negative Factors

Recent revenue contractionThe 2026 revenue decline interrupts the company’s earlier expansion and indicates that growth has temporarily slowed across its mapping, software or related offerings. If sustained, weaker top-line momentum could limit operating leverage and reduce the pace of reinvestment.

C.E. Info Systems Ltd. (MAPMYINDIA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 48.80B
Dividend Yield: 0.44%
Average Volume (3M): 11.90K
Price to Earnings (P/E): 31.6
Beta (1Y): 1.05
Revenue Growth: 1.83%
EPS Growth: -12.91%
Country: India
Employees: 408
Sector: General
Sector Strength: 55
Industry: Software - Infrastructure

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, geospatial...

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 government...

C.E. Info Systems Ltd. Financial Statement Overview

Summary

Strong overall financial quality: consistently high profitability and an exceptionally low-leverage balance sheet are major positives. The score is moderated by the 2026 revenue decline (-3.9%), net margin compression versus earlier peaks, and only moderate cash conversion (operating cash flow below net income; free cash flow covering ~55–56% of net income).

Income Statement

78Positive

Balance Sheet

94Very Positive

Cash Flow

72Positive

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price795.00

Price Trends

50DMA911.80Negative

100DMA956.35Negative

200DMA1005.08Negative

Market Momentum

MACD-26.19Positive

RSI30.24Neutral

STOCH12.23Positive

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 795.00 is below the 20-day moving average (MA) of 869.32, below the 50-day MA of 911.80, and below 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MAPMYINDIA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BLACKBUCK	76Outperform	INR 103.26B	56.74	―	―	50.17%	-39.95%
IN:TATAELXSI	73Outperform	INR 236.14B	35.23	―	1.98%	10.01%	-0.08%
IN:MAPMYINDIA	67Neutral	INR 43.58B	31.64	―	0.44%	1.83%	-12.91%
IN:RAMCOSYS	57Neutral	INR 19.08B	64.91	―	―	10.73%	236.66%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BBOX	51Neutral	INR 141.16B	60.68	―	0.13%	12.20%	2.98%
IN:GENESYS	46Neutral	INR 11.46B	22.97	―	―	3.73%	-49.32%

* General Sector Average

Performance Comparison

IN:MAPMYINDIA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MAPMYINDIA	C.E. Info Systems Ltd.	795.00	-1007.67	-55.90%
IN:BBOX	Black Box Limited	794.85	240.80	43.46%
IN:BLACKBUCK	Zinka Logistics Solutions Limited	566.60	-117.10	-17.13%
IN:GENESYS	Genesys International Corporation Limited	171.40	-176.41	-50.72%
IN:RAMCOSYS	Ramco Systems Limited	507.10	-115.65	-18.57%
IN:TATAELXSI	Tata Elxsi Limited	3790.00	-1551.49	-29.05%

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 Ass...

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. Targ...

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 disclos...

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.

Date of analysis: Oct 14, 2026

C.E. Info Systems Ltd. AI Stock Analysis