CE Info Systems Ltd
NSE:MAPMYINDIA
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CE Info Systems Ltd
CE Info Systems Ltd., better known by its brand name MapmyIndia, has carved a niche in the burgeoning geospatial industry with its comprehensive offerings. At the heart of MapmyIndia's operations is its robust digital mapping technology that powers a variety of applications and services. The company specializes in creating detailed maps and geospatial data that serve as foundational elements for navigation systems, location-based services, and urban planning. With a keen focus on harnessing the power of technology, MapmyIndia integrates advanced solutions like real-time traffic updates, GPS tracking, and analytics to offer unparalleled accuracy and depth, catering to both individual consumers and large enterprises.
The company's business model thrives on a diversified revenue stream, combining both B2B and B2C segments. For corporations, government bodies, and developers, MapmyIndia licenses its geospatial software and data, which are integral for enabling efficient transportation and logistics. On the consumer side, revenue is generated through services such as navigation products and apps that provide live traffic and route information. The dual-focus strategy ensures a steady income, fostering sustained growth and innovation amid the competitive terrain of geographic information systems. Through strategic partnerships and continuous technological enhancement, MapmyIndia has positioned itself as a critical player in the digital mapping ecosystem across India, while increasingly looking to expand its footprint globally.
CE Info Systems Ltd., better known by its brand name MapmyIndia, has carved a niche in the burgeoning geospatial industry with its comprehensive offerings. At the heart of MapmyIndia's operations is its robust digital mapping technology that powers a variety of applications and services. The company specializes in creating detailed maps and geospatial data that serve as foundational elements for navigation systems, location-based services, and urban planning. With a keen focus on harnessing the power of technology, MapmyIndia integrates advanced solutions like real-time traffic updates, GPS tracking, and analytics to offer unparalleled accuracy and depth, catering to both individual consumers and large enterprises.
The company's business model thrives on a diversified revenue stream, combining both B2B and B2C segments. For corporations, government bodies, and developers, MapmyIndia licenses its geospatial software and data, which are integral for enabling efficient transportation and logistics. On the consumer side, revenue is generated through services such as navigation products and apps that provide live traffic and route information. The dual-focus strategy ensures a steady income, fostering sustained growth and innovation amid the competitive terrain of geographic information systems. Through strategic partnerships and continuous technological enhancement, MapmyIndia has positioned itself as a critical player in the digital mapping ecosystem across India, while increasingly looking to expand its footprint globally.
Revenue Growth: MapmyIndia reported H1 FY '26 revenue growth of 14.7% over H1 FY '25, with management emphasizing this as a solid performance despite increased investments.
Major Government Wins: The company secured a significant INR 110 crore, 5-year IoT-led contract with IOCL and a landmark deal with Survey of India for the national geospatial platform, underpinning future growth.
IoT Momentum: IoT-led business revenue surged to INR 74.5 crores in H1 from INR 54 crores a year ago, showing roughly 38% growth and validating prior investments.
EBITDA Margins: H1 EBITDA margin declined to 35% from 39% YoY, with Q2 margin at 24.7% versus 36.1% last year, mainly due to one-off technical outsourcing expenses and international investments.
One-off Expenses: The company incurred INR 10–15 crores in exceptional technical service outsourcing, primarily for government projects, which management expects to decline in coming quarters.
Long-term Targets Unchanged: The management reaffirmed their INR 1,000 crore revenue target by FY '28 and 35–40% margin aspiration, stating annual guidance remains on track.
Strong Balance Sheet: Cash and cash equivalents rose to INR 639 crores from INR 565 crores last year, supporting further investments and working capital needs.
Strategic Focus: Continued emphasis on expanding platform-led, recurring government and enterprise contracts, with new verticals like railways and defense identified as future growth drivers.