Ceinsys Tech Ltd
BSE:538734
Ceinsys Tech Ltd
Ceinsys Tech Ltd. operates as an information technology enabled service company, which provides geographic information systems and engineering services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2014-10-22. The firm operates through three segments: Enterprise Geospatial & Engineering Services, Software Products and Power Generation. The Enterprise Geospatial & Engineering Services segment includes geospatial solution for cadastral mapping, resource survey, mapping and analysis, mining applications and heritage mapping. Its engineering consultancy services includes hydraulic modelling, water metering solutions, municipal solutions, consultancy services for the detailed project reports (DPR) preparations for water supply scheme, road and highways using lidar technology. Its water solutions include non-revenue water (NRW), urban / rural water supply and sewerage schemes, irrigations scada, smart water solutions and metering infrastructure, project management consultancy and third-party inspection.
Ceinsys Tech Ltd. operates as an information technology enabled service company, which provides geographic information systems and engineering services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2014-10-22. The firm operates through three segments: Enterprise Geospatial & Engineering Services, Software Products and Power Generation. The Enterprise Geospatial & Engineering Services segment includes geospatial solution for cadastral mapping, resource survey, mapping and analysis, mining applications and heritage mapping. Its engineering consultancy services includes hydraulic modelling, water metering solutions, municipal solutions, consultancy services for the detailed project reports (DPR) preparations for water supply scheme, road and highways using lidar technology. Its water solutions include non-revenue water (NRW), urban / rural water supply and sewerage schemes, irrigations scada, smart water solutions and metering infrastructure, project management consultancy and third-party inspection.
Record Revenue: Ceinsys Tech posted all-time high Q2 revenue of INR 164 crores, up 82% year-on-year, and H1 revenue of INR 320 crores, up 95% year-on-year, already surpassing last full year's total.
Margin Expansion: Q2 EBITDA margin improved by 310 basis points year-on-year to 21.77%, with net profit up 120% at INR 26 crores and PAT margin at 15.72%. H1 EBITDA margin also rose to 20.56%.
Strong Order Book: The order book stands at INR 1,092 crores, reflecting healthy demand, with major new contracts including a INR 115 crore AEC project and others in the pipeline.
Working Capital Cycle: Working capital cycle currently at 160 days, driven by slow government payments, but expected to normalize to 120–130 days in coming quarters as collections improve.
Strategic Focus: Technology Solutions segment is now 54% of turnover, and the company is increasing its focus on high-margin, tech-driven projects such as AI/ML and geospatial solutions.
US Expansion & Investments: Significant investment continues in US subsidiary and business development, with INR 36 crores expensed and INR 8 crores capitalized since July 2024. Revenue ramp-up is expected from Q4 onwards.
Acquisition Pipeline: Ceinsys is actively pursuing acquisitions in geospatial and technology segments, with announcements possible in the next 1–2 months.
Employee Cost Efficiency: Employee cost as a share of turnover has dropped significantly, driven by higher productivity and focus on tech projects rather than headcount cuts.
