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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹1928 Cr.
Stock P/E
30.5
P/B
2.9
Current Price
₹920.8
Book Value
₹ 321.5
Face Value
10
52W High
₹1952
52W Low
₹ 796.8
Dividend Yield
0.38%

Ceinsys Tech Overview

Business

Ceinsys Tech Ltd. is an India-based IT software and services company. It primarily offers services in Geographic Information Systems (GIS), engineering services, and digital transformation solutions. The company assists clients across various sectors, including government, public utilities, infrastructure, and private enterprises, in leveraging technology for improved operations, planning, and decision-making. Its core business model revolves around project-based services, often involving data creation, mapping, analytics, software development, and system integration, and generates revenue through contracts and service fees for these projects.

Revenue Mix

While specific revenue percentages for each segment are not consistently disclosed publicly by the company, Ceinsys Tech's primary service offerings, which act as its key segments, include:

GIS & Geospatial Solutions: This involves creating, managing, and analyzing spatial data, developing GIS applications, mapping, and implementing GIS for urban planning, utilities, and land management.

Engineering Services: Provides civil engineering design, surveying, project management, and related consultancy services, often integrated with GIS.

Digital Transformation & IT Services: Encompasses software development, cloud services, data analytics, enterprise solutions, and other digital technology consulting aimed at modernizing client operations.

The company has a notable presence in serving government and public sector clients in India.

Industry

Ceinsys Tech operates within the highly competitive Indian IT services sector. The industry is characterized by a wide spectrum of players, from large global IT giants and major Indian outsourcing firms to niche specialized providers. Ceinsys positions itself as a specialized player, particularly strong in GIS and engineering services for public sector and utility clients. Its niche focus allows it to compete effectively against both larger, more generalized integrators and smaller, local specialized firms by offering domain-specific expertise and long-standing client relationships in its target segments.

MOAT

Ceinsys Tech's competitive advantages are primarily derived from:

Niche Expertise: Deep domain knowledge and specialized skills in GIS and engineering services, particularly tailored for government, utilities, and infrastructure projects. This expertise is difficult for generalist IT firms to replicate quickly.

Client Relationships & Track Record: A proven track record and long-term relationships with government bodies and public sector enterprises, which often have complex procurement processes and high switching costs for established vendors.

Execution Capabilities: Ability to deliver complex, large-scale mapping and GIS projects that require significant project management and technical proficiency.

Growth Drivers

Key factors that can drive Ceinsys Tech's growth over the next 3-5 years include:

Government Digitalization & Smart City Initiatives: Increased government spending on e-governance, smart city projects, and infrastructure development, which heavily rely on GIS and digital solutions.

Utility Modernization: Demand from power, water, and telecom utilities for modernizing their infrastructure, network mapping, and operational efficiency using geospatial technologies.

Digital Transformation Across Sectors: Continued adoption of digital technologies, cloud computing, and data analytics by businesses and public entities to enhance operations.

Infrastructure Development: India's ongoing focus on infrastructure development (roads, railways, ports) creates demand for engineering and geospatial services.

Expansion into New Geographies/Clients: Potential to replicate its success in its core segments with new clients or expand its geographical footprint within India.

Risks

Client Concentration: Over-reliance on a few large government or public sector projects could lead to revenue volatility if a major contract is lost or delayed.

Intense Competition: Facing competition from larger, well-capitalized IT services firms and other specialized players, potentially leading to pricing pressure.

Technological Obsolescence: Rapid evolution of technology necessitates continuous investment in new skills and platforms to remain competitive.

Talent Attrition: High demand for skilled IT and GIS professionals in India can lead to talent retention challenges and increased wage costs.

Government Policy Changes: Changes in government priorities, funding, or procurement policies could impact project pipelines.

Execution Risk: Challenges in managing complex, large-scale projects, including delays, cost overruns, or failure to meet client expectations.

Management & Ownership

Ceinsys Tech Ltd. is a promoter-led company, with the founding family holding a significant stake. This typically implies strong alignment between management and long-term shareholder interests. The company operates with a professional management team responsible for day-to-day operations and strategic execution. The ownership structure generally comprises promoter holdings, institutional investors, and public shareholders, common for listed entities in India.

Outlook

Ceinsys Tech is well-positioned to capitalize on India's push for digitalization, infrastructure development, and smart city initiatives, leveraging its specialized expertise in GIS and engineering services. The increasing demand for geospatial data and digital transformation solutions from both government and utility sectors presents a favorable market environment. However, the company operates in a highly competitive landscape with larger players, necessitating continuous innovation, talent management, and efficient project execution. Its growth trajectory will depend on its ability to expand its client base, deepen its niche expertise, and mitigate risks associated with client concentration and intense market competition.

Ceinsys Tech Share Price

Live · BSE / NSE · Inception: 1998
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Ceinsys Tech Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 63 78 74 90 112 142 157 163 170 171
Other Income 1 1 2 3 4 4 5 6 3 3
Total Income 63 80 75 93 116 146 161 169 173 174
Total Expenditure 52 66 61 73 91 116 126 128 130 130
Operating Profit 11 14 15 20 25 30 35 42 43 44
Interest 1 1 0 0 0 2 1 1 2 2
Depreciation 1 1 1 2 3 3 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -1 0
Profit Before Tax 9 11 13 18 22 26 31 37 37 39
Provision for Tax 2 4 4 9 6 7 2 14 2 5
Profit After Tax 7 7 9 9 15 20 29 23 35 34
Adjustments 3 4 3 3 2 2 3 3 4 3
Profit After Adjustments 10 12 12 12 18 22 32 26 39 37
Adjusted Earnings Per Share 6.7 7.1 7.3 6.7 10.2 12.5 18.1 14.4 21.8 17.8

Ceinsys Tech Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 108 133 144 141 176 197 185 203 219 253 418 661
Other Income 1 1 2 3 3 2 2 2 2 4 12 17
Total Income 109 134 146 143 179 199 187 205 222 257 430 677
Total Expenditure 89 110 122 119 152 147 168 179 186 209 338 514
Operating Profit 20 24 24 24 27 52 19 26 35 48 92 164
Interest 8 12 16 17 18 17 13 11 10 5 5 6
Depreciation 2 3 4 4 4 4 3 3 4 5 8 12
Exceptional Income / Expenses 0 0 1 2 0 0 0 0 0 0 0 -1
Profit Before Tax 10 9 6 5 5 31 2 13 29 50 90 144
Provision for Tax 3 5 1 1 2 9 0 4 -2 15 26 23
Profit After Tax 7 5 6 5 3 22 2 10 31 35 63 121
Adjustments -0 0 0 0 0 0 0 -0 0 0 0 13
Profit After Adjustments 7 5 6 5 3 22 2 9 31 35 63 134
Adjusted Earnings Per Share 6.9 4.5 5.5 4.1 3.1 19.9 1.8 6 20 21.4 36.3 72.1

Ceinsys Tech Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 37 41 52 72 71 90 89 163 198 234 412
Minority's Interest 0 0 0 0 0 0 0 8 0 0 0
Borrowings 13 13 9 7 4 3 1 0 1 1 1
Other Non-Current Liabilities 5 5 -0 -0 -1 -2 -3 -1 -6 -7 -9
Total Current Liabilities 68 121 138 151 178 157 166 126 111 88 158
Total Liabilities 123 180 198 229 252 248 253 296 304 315 562
Fixed Assets 26 29 28 28 28 26 23 45 40 44 79
Other Non-Current Assets 8 3 8 10 14 15 9 31 40 42 37
Total Current Assets 88 148 161 192 210 208 222 220 221 229 446
Total Assets 123 180 198 229 252 248 253 296 304 315 562

Ceinsys Tech Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 5 11 3 1 0 0 1 0 14 32 11
Cash Flow from Operating Activities 2 -31 5 -3 24 36 23 26 47 49 6
Cash Flow from Investing Activities -5 -5 -10 -8 -0 4 1 -1 -9 -5 -53
Cash Flow from Financing Activities 8 35 3 11 -23 -39 -24 -21 -20 -65 49
Net Cash Inflow / Outflow 6 -0 -2 -0 0 0 -1 4 18 -21 1
Closing Cash & Cash Equivalent 11 11 1 0 0 1 0 14 32 11 12

Ceinsys Tech Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 6.87 4.52 5.55 4.08 3.1 19.92 1.79 5.96 20.02 21.42 36.26
CEPS(Rs) 9.42 7.54 9.16 7.86 6.91 23.41 4.83 8.13 22.93 24.58 40.97
DPS(Rs) 0.75 1 1.25 1.25 2.25 2.5 2.25 2.25 2 2.5 3.5
Book NAV/Share(Rs) 36.26 40.38 51.04 64.69 63.83 80.92 80.18 105.54 122.07 143.26 203.72
Core EBITDA Margin(%) 17.97 17.17 15.54 15.14 13.74 25.4 9.51 11.84 15.04 17.45 19.19
EBIT Margin(%) 16.48 15.88 15.11 15.42 12.92 24.36 8.52 12.09 17.61 21.52 22.55
Pre Tax Margin(%) 9.39 7.01 4.31 3.63 2.84 15.56 1.31 6.64 13.17 19.63 21.42
PAT Margin (%) 6.43 3.41 3.87 3.22 1.95 11.22 1.08 4.69 14.07 13.84 15.13
Cash Profit Margin (%) 8.7 5.69 6.4 6.19 4.35 13.19 2.9 6.18 16.12 15.88 17.09
ROA(%) 6.25 2.99 2.95 2.12 1.43 8.85 0.8 3.47 10.29 11.3 14.41
ROE(%) 24.2 11.82 12.15 7.35 4.82 27.53 2.23 7.55 17.59 16.57 21.46
ROCE(%) 21.47 18.17 14.1 12.1 11.93 25.32 8.7 12.3 16.23 22.13 27.28
Receivable days 102.84 127.6 191.2 270 236.28 206.65 232.57 276 283.43 235.27 183.33
Inventory Days 84.46 119.32 87.93 24.53 8.94 7.84 10.91 3.7 4.42 3.61 0.5
Payable days 102.84 163.03 137.06 504.24 1268.69 1232.62 1222.04 901.09 482.17 505.75 642.16
PER(x) 7.68 10.68 22.79 42.16 34.24 4.17 69.08 26.93 6.36 27.47 37.57
Price/Book(x) 1.45 1.2 2.48 2.66 1.66 1.03 1.55 1.52 1.04 4.11 6.69
Dividend Yield(%) 1.29 1.88 0.9 0.73 2.12 3.01 1.82 1.4 1.57 0.42 0.26
EV/Net Sales(x) 0.91 1.03 1.66 2.13 1.26 0.91 1.16 1.39 0.95 3.7 5.39
EV/Core EBITDA(x) 4.85 5.65 9.89 12.51 8.22 3.44 11.2 10.95 5.88 19.62 24.53
Net Sales Growth(%) 36.63 23.08 8.4 -2.26 25.37 11.9 -6.15 9.53 8.19 15.24 65.28
EBIT Growth(%) 13.09 18.58 3.14 -0.26 5.1 110.91 -67.16 55.38 57.52 40.83 73.26
PAT Growth(%) 14.05 -34.77 23.24 -18.83 -23.93 543.51 -91 377.41 224.48 13.32 80.69
EPS Growth(%) -16.28 -34.17 22.72 -26.43 -24.12 543.52 -91 232.22 235.93 7.01 69.29
Debt/Equity(x) 1.57 2.44 2.29 1.64 1.72 1.08 0.97 0.37 0.29 0.02 0.11
Current Ratio(x) 1.29 1.23 1.17 1.27 1.18 1.32 1.34 1.74 1.98 2.61 2.82
Quick Ratio(x) 0.88 0.74 1.09 1.22 1.18 1.27 1.32 1.74 1.94 2.6 2.81
Interest Cover(x) 2.32 1.79 1.4 1.31 1.28 2.77 1.18 2.22 3.97 11.43 19.85
Total Debt/Mcap(x) 1.08 2.04 0.93 0.62 1.03 1.05 0.63 0.24 0.28 0 0.02

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +65% +27% +16% +14%
Operating Profit CAGR +92% +52% +12% +16%
PAT CAGR +80% +85% +23% +25%
Share Price CAGR -38% +63% +40% +31%
ROE Average +21% +19% +13% +14%
ROCE Average +27% +22% +17% +17%

Ceinsys Tech Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 50.87 %
FII 10.25 %
DII (MF + Insurance) 0.19 %
Public (retail) 49.13 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 58.6155.3555.3551.8651.8651.8651.8650.750.750.87
FII 0.05004.274.564.684.664.574.3310.25
DII 00000.250.8711.030.230.19
Public 41.3944.6544.6548.1448.1448.1448.1449.349.349.13
Others 0000000000
Total 100100100100100100100100100100

Ceinsys Tech Peer Comparison

IT - Software Edit Columns

Ceinsys Tech Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Ceinsys Tech Pros & Cons

Pros

  • Company has delivered good profit growth of 23% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Debtor days have increased from 505.75 to 642.16days.
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