Ceinsys Tech

₹548.9 -5.9 | 1.1%

WEBSITE BSE:538734 NSE : CEINSYSTECH 18 May, 12:50

Market Cap ₹897 Cr.

Stock P/E 19.0

P/B 4.1

Current Price ₹548.9

Book Value ₹ 134.2

Face Value 10

52W High ₹699

Dividend Yield 0.36%

52W Low ₹ 135

Edit Ratio

Ceinsys Tech Research see more...

Overview Inc. Year: 1998Industry: IT - Software

Ceinsys Tech Ltd, formerly ADCC Infocad Ltd, is an primarily India-based business enterprise, that is engaged in architectural and engineering activities and associated technical consultancy, and retail sale of non-custom designed software. The Company operates thru 2 segments: Enterprise Geospatial & Engineering Solution and Products (EES) and Power Generation. The Company gives geospatial solutions, water solutions, electricity solutions, building solutions, data acquisition solutions and software solutions. Its geospatial solutions encompass Cadastre, Resource Mapping, Municipal Geographic Information System (GIS), Utilities and Application Development. Its water solutions consist of Enterprise GIS, Consultancy, Non-Revenue Water (NRW) Management, NRW Smart Solutions and Managed Services. Its power solutions include GIS-based Utility Applications, Automated Metering Infrastructure, Electric Infrastructure and Managed Services. Its software program solutions consist of Autodesk, Digital Globe, Smart School Bus Trackin

Ceinsys Tech Share Price

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Peer Comparison

Ceinsys Tech Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	54	51	57	41	53	52	73	54	58	63
Other Income	0	0	1	1	0	1	1	1	1	1
Total Income	54	52	58	42	54	53	73	54	59	63
Total Expenditure	50	45	51	35	52	50	51	42	48	52
Operating Profit	4	7	6	7	2	3	22	12	11	11
Interest	3	2	2	2	2	2	2	2	1	1
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	4	4	4	-2	0	19	9	8	9
Provision for Tax	0	1	2	1	-2	-2	1	3	6	2
Profit After Tax	0	3	2	4	-0	2	18	7	3	7
Adjustments	0	-0	2	1	2	1	3	2	2	3
Profit After Adjustments	0	3	3	5	2	3	21	8	5	10
Adjusted Earnings Per Share	0.3	2.3	2.2	3.3	1	1.8	13.8	5.4	3	6.7

Ceinsys Tech Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	79	108	133	144	141	176	197	185	203	219	248
Other Income	1	1	1	2	3	3	2	2	2	2	4
Total Income	80	109	134	146	143	179	199	187	205	222	249
Total Expenditure	62	89	110	122	119	152	147	168	179	186	193
Operating Profit	18	20	24	24	24	27	52	19	26	35	56
Interest	6	8	12	16	17	18	17	13	11	10	6
Depreciation	2	2	3	4	4	4	4	3	3	4	4
Exceptional Income / Expenses	0	0	0	1	2	0	0	0	0	0	0
Profit Before Tax	9	10	9	6	5	5	31	2	13	29	45
Provision for Tax	3	3	5	1	1	2	9	0	4	-2	12
Profit After Tax	6	7	5	6	5	3	22	2	10	31	35
Adjustments	-0	-0	0	0	0	0	0	0	-0	0	10
Profit After Adjustments	6	7	5	6	5	3	22	2	9	31	44
Adjusted Earnings Per Share	0	6.9	4.5	5.5	4.1	3.1	19.9	1.8	6	20	28.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	8%	4%	9%	0%
Operating Profit CAGR	35%	-12%	8%	0%
PAT CAGR	210%	12%	44%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	289%	56%	37%	NA%
ROE Average	18%	9%	12%	14%
ROCE Average	16%	12%	15%	16%

Ceinsys Tech Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	21	37	41	52	72	71	90	89	163	198
Minority's Interest	0	0	0	0	0	0	0	0	8	0
Borrowings	19	13	13	9	7	4	3	1	0	1
Other Non-Current Liabilities	5	5	5	-0	-0	-1	-2	-3	-1	-7
Total Current Liabilities	54	68	121	138	151	178	157	166	126	112
Total Liabilities	99	123	180	198	229	252	248	253	296	304
Fixed Assets	24	26	29	28	28	28	26	23	45	40
Other Non-Current Assets	9	8	3	8	10	14	15	9	31	40
Total Current Assets	65	88	148	161	192	210	208	222	220	221
Total Assets	99	123	180	198	229	252	248	253	296	304

Ceinsys Tech Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	4	5	11	3	1	0	0	1	0	14
Cash Flow from Operating Activities	-4	2	-31	5	-3	24	36	23	26	47
Cash Flow from Investing Activities	-3	-5	-5	-10	-8	-0	4	1	-1	-9
Cash Flow from Financing Activities	8	8	35	3	11	-23	-39	-24	-21	-20
Net Cash Inflow / Outflow	1	6	-0	-2	-0	0	0	-1	4	18
Closing Cash & Cash Equivalent	5	11	11	1	0	0	1	0	14	32

Ceinsys Tech Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	6.87	4.52	5.55	4.08	3.1	19.92	1.79	5.96	20.02
CEPS(Rs)	11.01	9.42	7.54	9.16	7.86	6.91	23.41	4.83	8.13	22.93
DPS(Rs)	1.5	0.75	1	1.25	1.25	2.25	2.5	2.25	2.25	2
Book NAV/Share(Rs)	0	36.26	40.38	51.04	64.69	63.83	80.92	80.18	105.54	122.07
Core EBITDA Margin(%)	21.31	17.97	17.17	15.54	15.14	13.74	25.4	9.51	11.84	15.04
EBIT Margin(%)	19.91	16.48	15.88	15.11	15.42	12.92	24.36	8.52	12.09	17.6
Pre Tax Margin(%)	11.87	9.39	7.01	4.31	3.63	2.84	15.56	1.31	6.64	13.17
PAT Margin (%)	7.7	6.43	3.41	3.87	3.22	1.95	11.22	1.08	4.69	14.07
Cash Profit Margin (%)	10.21	8.7	5.69	6.4	6.19	4.35	13.19	2.9	6.18	16.12
ROA(%)	6.14	6.25	2.99	2.95	2.12	1.43	8.85	0.8	3.47	10.29
ROE(%)	28.72	24.2	11.82	12.15	7.35	4.82	27.53	2.23	7.55	17.59
ROCE(%)	21.64	21.47	18.17	14.1	12.1	11.93	25.32	8.7	12.3	16.23
Receivable days	120.86	102.84	127.6	191.2	270	236.28	206.65	232.57	276	283.43
Inventory Days	100.04	84.46	119.32	87.93	24.53	8.94	7.84	10.91	3.7	4.42
Payable days	194.03	102.84	163.03	137.06	504.24	1268.69	1232.62	1222.04	901.09	482.17
PER(x)	0	7.68	10.68	22.79	42.16	34.24	4.17	69.08	26.93	6.36
Price/Book(x)	0	1.45	1.2	2.48	2.66	1.66	1.03	1.55	1.52	1.04
Dividend Yield(%)	0	1.29	1.88	0.9	0.73	2.12	3.01	1.82	1.4	1.57
EV/Net Sales(x)	0.67	0.91	1.03	1.66	2.13	1.26	0.91	1.16	1.39	0.95
EV/Core EBITDA(x)	2.99	4.85	5.65	9.89	12.51	8.22	3.44	11.2	10.95	5.88
Net Sales Growth(%)	0	36.63	23.08	8.4	-2.26	25.37	11.9	-6.15	9.53	8.19
EBIT Growth(%)	0	13.09	18.58	3.14	-0.26	5.1	110.91	-67.16	55.38	57.52
PAT Growth(%)	0	14.05	-34.77	23.24	-18.83	-23.93	543.51	-91	377.41	224.48
EPS Growth(%)	0	-16.28	-34.17	22.72	-26.43	-24.12	543.52	-91	232.22	235.93
Debt/Equity(x)	2.43	1.57	2.44	2.29	1.64	1.72	1.08	0.97	0.37	0.29
Current Ratio(x)	1.22	1.29	1.23	1.17	1.27	1.18	1.32	1.34	1.74	1.97
Quick Ratio(x)	0.82	0.88	0.74	1.09	1.22	1.18	1.27	1.32	1.74	1.93
Interest Cover(x)	2.48	2.32	1.79	1.4	1.31	1.28	2.77	1.18	2.22	3.97
Total Debt/Mcap(x)	0	1.08	2.04	0.93	0.62	1.03	1.05	0.63	0.24	0.28

Ceinsys Tech Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	58.61	58.61	58.61	58.61	58.61	58.61	58.61	58.61	55.35
FII	0	0	0	0	0	0	0	0.19	0.05	0
DII	0	7.09	7.09	7.09	7.09	7.09	0	0	0	0
Public	25	34.3	34.3	34.3	34.3	34.3	41.39	41.19	41.34	44.65
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.83	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0.11	0.11	0.11	0.11	0.11	0	0	0	0
Public	0.28	0.53	0.53	0.53	0.53	0.53	0.64	0.64	0.64	0.73
Others	0	0	0	0	0	0	0	0	0	0
Total	1.11	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.63

Pros

Company has delivered good profit growth of 44% CAGR over last 5 years
Debtor days have improved from 901.09 to 482.17days.
Company is almost debt free.

Cons

Company has a low return on equity of 9% over the last 3 years.
Stock is trading at 4.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.