Synopsis:
Ceinsys Tech received ₹3.18 crore work orders from MRSAC for soil survey and mapping under NSMP in Gondia and Nashik. The project is scheduled to be completed within 4 months.
The shares of a Small-Cap company, specializing in technology solutions, particularly in geospatial services, industrial automation, and infrastructure development, jumped by upto 4 percent upon receiving work orders from the Maharashtra Remote Sensing Application Centre (MRSAC) for conducting a Detailed Soil Survey and Mapping under the National Soil Mapping Programme (NSMP).
With a market capitalization of Rs. 2,770.02 crores on Tuesday, the shares of Ceinsys Tech Ltd jumped upto 3.6 percent, making a high of Rs. 1588.80 per share compared to its previous closing price of Rs. 1532.65 per share.
What Happened
Ceinsys Tech Ltd, engaged in technology solutions, particularly in geospatial services, industrial automation, and infrastructure development, has received work orders from the Maharashtra Remote Sensing Application Centre (MRSAC) for conducting a detailed soil survey and mapping under the National Soil Mapping Programme (NSMP) for Gondia and part of Nashik District in Maharashtra.
The contract, valued at approximately Rs. 3.18 crore (including GST), is for a period of four months. Ceinsys Tech is empaneled with MRSAC for this programme, and this order is from a domestic entity and is not a related party transaction. This work order strengthens Ceinsys Tech’s portfolio in geospatial and remote sensing services.
Financial & Others
The company’s revenue rose by 112 percent from Rs. 74 crore to Rs. 157 crore in Q1FY25-26. Meanwhile, Net profit rose from Rs. 12 crores to Rs. 32 crores during the same period.
Ceinsys Tech Ltd is an India-based technology-driven company that specializes in geospatial engineering, mobility, and enterprise solutions. It’s a part of the Meghe Group and is known for its CMMI Level 5 certification. With over 26 years of proven performance, the company serves 200+ customers. As a pure-play GIS and Technology Services provider, the company has delivered over 7 million hours of engineering services.
The company’s key achievements include processing 100K+ miles of electrical networks, designing 35K+ miles of water networks, analyzing 2.2 million sq. ft. of infrastructure, and handling 650K+ miles of high-resolution image data. As of March 31, 2025, the order book stands at Rs. 1,197 crore.
They provide a diverse range of services, including geospatial solutions like mapping and analysis for sectors such as water, energy, transport, and mining. They also offer engineering consulting services, including hydraulic modelling, water metering solutions, and road design using LiDAR technology.
In FY25, the company’s revenue was almost evenly split between its two core segments. Technology Solutions contributed 51 percent, while Geospatial & Engineering Services accounted for 49 percent.
The Geographical breakup in FY25, Geospatial & Engineering Services revenue was primarily domestic at 87%, with 13% from international markets. Technology Solutions revenue was entirely domestic. This highlights the company’s strong domestic focus across both segments.
Written by Sridhar J
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