One of the market leaders stocks specializing in digital maps, geospatial software, and location-based IoT products. The stock is focused on plans to launch a new B2C venture under CEO Rohan Verma.
Stock Price Movement:
With a market capitalization of Rs. 9,204.25 crore, the shares of C.E. Info Systems Limited were opened at Rs. 1,718.70 per equity share, down nearly around 3.53 percent from its previous day’s close price of Rs. 1,753.80. The stock is currently trading at Rs 1,691.95 per equity share.
What Happened:
Rohan Verma, CEO and Executive Director of MapmyIndia will launch a new B2C venture, stepping down from his executive role to focus entirely on this initiative starting April 1, 2025. MapmyIndia will support the venture with Rs. 35 crore funding via CCD and a 10% equity stake.
The new business aims to complement MapmyIndia’s core B2B and B2B2C strengths. Rohan will continue as a non-executive director on MapmyIndia’s board. MapmyIndia remains committed to its leadership in the B2B and B2B2C segments, with founders Rakesh and Rashmi Verma and their established management team driving growth.
Mappls Brand Restructuring Plan
The new company will use MapmyIndia’s retail brand, Mappls, while MapmyIndia retains access to its B2B2C and B2G2C offerings. Mappls Mall, Travel (in incubation), and gadgets for the consumer market will transfer to the new entity, which will operate independently and bear its costs. MapmyIndia will access anonymized Mappls app data to enhance its mapping services.
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Ownership structure and funding
Rohan Verma will own 90% of the new B2C venture, with MapmyIndia holding the remaining 10%. MapmyIndia will invest Rs. 35 crore via CCDs, convertible to equity after 10 years or at a 25% discount to a third-party valuation. The board has approved the terms, with future capital needs to be decided later.
Recent quarter results and ratios:
C.E. Info Systems Limited’s revenue has increased from Rs. 91 crore in Q2 FY24 to Rs. 104 crore in Q2 FY25, which has grown by 14.29 percent. The net profit of C.E. Info Systems Limited has down by 9.09 percent, from Rs. 33 crore in Q2 FY24 to Rs. 30 crore in Q2 FY25.
C.E. Info Systems Limited’s revenue and net profit have grown at a CAGR of 22.93 percent and 31.56 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 26.2 percent and 20.6 percent, respectively. The debt-to-equity ratio of the company is to be 0.05x, which shows the company is almost debt-free. C.E. Info Systems Limited’s EPS is to be Rs. 24.9.
Company Overview:
C.E. Info Systems Limited (MapmyIndia) is India’s leading deep-tech company specializing in digital maps, geospatial software, and location-based IoT products. Founded in 1995, it offers proprietary solutions like MaaS, SaaS, and PaaS to over 2,000 B2B and B2B2C customers across industries, automotive OEMs, and government organizations.
The company provides highly detailed and advanced digital maps, including 3D, 4D, and AI-powered solutions, while integrating global maps for over 200 countries. Its platform supports diverse use cases like navigation, geospatial analytics, IoT fleet management, and automotive tech solutions.
Written By – Nikhil Naik
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