Multibagger small-cap stock which is India’s leading provider of advanced digital maps, geospatial software, and location-based IoT technologies, announced raising funds of upto Rs. 500 Crores by way of qualified institutional placement.
In the day’s trade On November 27, 2023, the shares of CE Info Systems Limited closed at Rs. 2,206, up 0.50 percent from its previous day’s close price of Rs. 2,195 and its market capitalization is Rs. 11,893 Crores.
As per the company’s filing on BSE, the board of Directors of CE Info Systems Limited has approved raising funds by way of issuance of equity shares having a face value of Rs. 2 each, by way of qualified institutional placement for an aggregating amount not exceeding Rs. 500 Crores.
It has delivered multi-bagger returns of 102 percent in the last six months and 110 percent YTD. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.10 lakh in the last six months.
The company’s revenue from operations grew 40 percent from Rs. 200 Crores in FY22 to Rs. 281 Crores in FY23, accompanied by increasing profits of Rs. 87 Crores to Rs. 107 Crores.
It has reported a return on equity (ROE) of 19.78 percent and a return on capital employed (ROCE) of 25.54 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 52.93 percent stake, the Domestic Institutional Investors hold 5.79 percent and the Foreign Institutional Investors (FII) hold 5.74 percent.
C.E. Info Systems Limited also known as MapmyIndia is engaged in providing services such as Digital Maps as a Service (MaaS), Software as a Service (SaaS), Platform as a Service (PaaS), and Internet of Things (IoT) for automotive OEMs, big corporations, government agencies, developers and others. They are India’s leading provider of advanced digital maps, geospatial software, and location-based IoT technologies.
Written by: Bharath K.S
