The shares of the advanced mapping solution provider gained up to 8 percent after the company bagged a significant project worth Rs. 56 crore from the Directorate of Land Records and Surveys (DLRS), West Bengal
With a market capitalization of Rs 3,901.34 crore, the shares of Genesys International Corporation Ltd were trading at Rs 982.20 per share, increasing around 9 percent as compared to the previous closing price of Rs 902.30 apiece.
Reason for Rise:-
According to the company filing, Genesys International Corporation Ltd bagged a significant project worth Rs. 56 crore by the Directorate of Land Records and Surveys (DLRS), West Bengal to modernize the state’s land records using advanced geospatial technology, ensuring greater accuracy and efficiency in land administration.
Moreover, the project uses cutting-edge technology for precision mapping and georeferencing, with DLRS providing stereo and mono imagery as input data. Stereo pairs enable Genesys to create 3D terrain models for high-resolution orthorectified images (ORI), while mono satellite images support additional mapping needs, ensuring accurate georeferenced cadastral maps.
Remarkable return:-
The shares have given a return of 78.00 percent in one year and a multi-bagger return of 124.29 percent in years. If an individual invested Rs 1 lakh a year ago, it would now be worth Rs 2.24 lakh.
Strategic Initiatives:-
The company plans to launch two new verticals in location intelligence within the next two quarters, enhancing its product portfolio and market reach. Additionally, Genesys aims to increase its focus on the automotive segment, which is expected to drive further revenue growth.
Operational Improvement:-
The company’s EBITA margin improved significantly to 40.8 percent in Q2FY25 from 23.2 percent in the previous year, reflecting enhanced operational efficiency and profitability. The company’s focus on improving cash flow and reducing collection periods is expected to support this trend.
Future Outlook:-
Demand for geospatial services is expected to boost performance in FY25, notably in infrastructure and urban planning, aided by advances in 2D and 3D mapping technology. Additionally, Genesys intends to shift to a subscription-based business model, which will improve cash flow stability and financial health in the long run.
Company profile:-
Genesys International Corporation Limited is engaged in providing geographical information services comprising of photogrammetry, remote sensing, cartography, data conversion, three-dimensional (3D) geo-content including location navigation mapping, and other computer-based related services.
Written by:- Abhishek Singh
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