IT stock engaged in offering geospatial engineering, mobility, enterprise solutions and many more jumped upto 9 percent in the day’s trade upon receiving a new work order worth Rs. 27.77 Croers from the Maharashtra Housing and Area Development Authority (MHADA).
Price Action
With a market capitalization of Rs. 1,478.72 Crores, the shares of Ceinsys Tech Limited closed at Rs. 905 per equity share, up 4.72 percent from its previous day’s close price of Rs. 864.20.
What Happened
Ceinsys Tech Limited Limited has received a new Letter of Acceptance from the Maharashtra Housing and Area Development Authority (MHADA) for a consideration of Rs. 27.77 Crores to act as System Integrator for Design, Development & Implementation of Integrated Digital Transformation System for MHADA, within 48 months including O&M.
The said work order involves the Design, Development, and Maintenance of a Land Management system, Digital Project system including a vendor management system, a GIS-based mobile application, an SSO Web Portal, a Public Website and Content Management system, Training and Capacity Building, Change management and Operation and Maintenance work for 3 years
About the Company
Ceinsys Tech Limited is engaged in offering geospatial engineering, mobility, and enterprise solutions. It is also engaged in the sale of software and electricity. Its engineering services and Enterprise solutions encompass various aspects of geospatial intelligence, including Data Creation, Data Analytics, Decision Support Systems (DSS), Enterprise Web Solutions, and Dashboards.
Its products and services include C mapping and analysis, mining applications and heritage mapping, hydraulic modelling, water metering solutions, municipal solutions, consultancy services for the DPR preparations for water supply schemes, roads and highways, and many more.
Coming to the revenue break up as of FY24, Ceinsys Tech Limited generated 81 percent of its revenue from Geospatial & Engineering Services and 19 percent from Technology Solutions.
Financials & Ratios
Its Revenue from operations grew by 37 percent YoY from Rs. 54 Crores in Q1FY24 to Rs. 74 Crores in Q1FY25, accompanied by profits of Rs. 8 Crores to Rs. 12 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 16.2 percent and a return on capital employed (ROCE) of 22.4 percent. It has reported a debt-to-equity ratio of 0.18.
Written by: Bharath K.S
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