MapMyIndia: Unlocking Value in the Geospatial Technology Sector

“Looking into the upcoming year, we intend to incubate potentially large, yet unlocked, opportunities for our company, including in the consumer app and gadgets space, based on the rave reviews our consumer facing Mappls App and Mappls Gadgets are receiving, and in the fast-growing drone space, where we have been preparing strong full-stack drone capabilities, through organic and inorganic means, to address the fast-growing market for drone solutions.
We of course continue to relentlessly innovate, and will continue to invest in enhancing our existing products and offerings, and also in expanding the visibility and reach of the Mappls Mapmylndia brand & offerings.”
-Rohan Verma, CEO & ED

Stock Data

Ticker	MAPMYINDIA
Industry	Geospatial
Exchange	NSE & BSE

Share Price

Last 1 Month	1%
Last 6 Months	-6.9%
Last 12 Months	-17%

Business Basics

C.E. Info Systems Limited (MAPMYINDIA) is a leading provider of geospatial solutions and technology services based in India. Established in 1992, specializes in geographic information systems (GIS), remote sensing, and spatial data management, offering a comprehensive suite of products and services to clients across various sectors. The company’s core business revolves around geospatial technology, which involves the collection, analysis, and visualization of spatial data. The company leverages advanced GIS tools and technologies to help clients make informed decisions and solve complex problems related to location intelligence. MapmyIndia’s solutions find applications in sectors such as infrastructure development, urban planning, agriculture, natural resource management, and disaster management.

It offers a wide range of services, including spatial data acquisition, data integration and analysis, GIS software development, and customized application development. The company has expertise in aerial and satellite imagery acquisition, LiDAR (Light Detection and Ranging) surveys, and drone-based mapping, enabling the accurate capture and interpretation of spatial data. The company’s flagship product, MapmyIndia, is a comprehensive digital map platform that provides mapping, navigation, and location-based services. It offers detailed, up-to-date, and accurate maps covering the entire Indian subcontinent, catering to both consumer and enterprise needs. MapmyIndia is widely used in various industries, including automotive, logistics, e-commerce, and transportation.

In addition to its geospatial solutions, the company also provides consulting services and project management support to clients. The company works closely with its customers to understand their specific requirements and deliver tailored solutions that address their unique challenges. CEIL’s team of experienced professionals and domain experts ensure the highest standards of quality and customer satisfaction. It has established strategic partnerships with leading technology providers and government agencies to enhance its capabilities and expand its market reach. The company’s collaborations enable it to access cutting-edge technologies, data sources, and industry best practices, ensuring the delivery of state-of-the-art solutions to its clients.

Q4 FY23 Financial Performance

C.E. Info Systems Ltd. reported Revenue from Operations for Q4 FY23 of ₹72.47 Crore up from ₹57.04 Crore year on year, a growth of 27%. Consolidated Net Profit of ₹28.31 Crore, up 25% from ₹22.58 Crore in the same quarter of the previous year.  The Earnings per Share is ₹5.09 for this quarter.

MapMyIndia’s Product Segments

C.E. Info Systems Limited has two distinct product segments:

Map and Data: The company provides comprehensive mapping and spatial data solutions through its flagship product, MapmyIndia. This segment focuses on offering high-quality digital maps, including street-level maps, topographic maps, and thematic maps. These maps cover the entire Indian subcontinent and provide detailed location-based information for various industries. It’s map and data solutions are utilized by automotive companies, logistics providers, e-commerce platforms, and other organizations that require accurate geospatial information for navigation, planning, and decision-making purposes.

Platform & IoT: MapmyIndia also offers IoT hardware solutions as a part of its product portfolio. This segment focuses on providing hardware devices and sensors that enable connectivity and data collection for IoT applications. The IoT hardware solutions offered by the company include devices such as GPS trackers, telematics units, and other sensor-based equipment. These devices are designed to capture and transmit data from various sources, facilitating real-time tracking, monitoring, and control of assets and resources.

By offering both map and data solutions and IoT hardware, CEIL aims to provide a comprehensive suite of geospatial products and services to its clients. These offerings enable organizations to harness the power of location intelligence, enhance operational efficiency, improve decision-making, and unlock new business opportunities. CEIL’s expertise in geospatial technology and IoT hardware positions it as a leading provider of integrated solutions that bridge the gap between spatial data and connected devices.

MapmyIndia’s Key Investments In Fiscal Year 2023

Three investments were made by the company during the previous fiscal year. This includes the investment made in Indrones Solutions, a company that manufactures drones and uses high resolution data for data analytics. Additionally, this investment will increase the company’s capacity for utilizing cutting-edge drone technologies. The second investment was made in Kogo Tech Labs, a startup whose mission is to create the largest travel and hyperlocal discovery, recommendations, commerce, social, and gamified platform in the world. It will be incorporated into the company’s mapping and navigation system. The most recent company is Nawgati Tech, which offers a video analytics SaaS product targeted at the oil and gas industry and keeps an eye on traffic, wait times, and congestion at gas stations. By utilizing their technology, MapmyIndia can broaden the range of services we offer to our clients.