Latest news with #MapmyIndia
Indian Express
21-05-2025
- Automotive
- Indian Express
30 million app users, 80% auto market share: Can MapmyIndia double its revenue by FY28?
Every time you open Google Maps to find a café or find an alternate route to beat traffic, you're relying on a mapping giant. But what if we told you that India has its own quietly dominant mapping engine, powering over 3 million vehicles, helping government agencies track assets, and serving some of the biggest brands across industries? A few months ago, I found this out while booking a cab that showed 'Powered by Mappls.' That sparked a deeper dive, and what I found was surprising. MapmyIndia, the company behind Mappls, isn't just surviving in Google's shadow; it's thriving. With Rs 515 crore in revenue, 39% EBITDA margins, and an order book of Rs 1,500 crore, this homegrown tech player is quietly, profitably, and with global ambitions building the backbone of India's digital mobility infrastructure. But with a valuation hovering near 75x earnings, the real question is: can MapmyIndia sustain this pace and deliver on its Rs 1,000 crore revenue target by FY28? Let's dig in. If you've ever used Google Maps, you already get the basics: digital navigation, turn-by-turn directions, maybe even some traffic updates. MapmyIndia is doing the same thing quietly and differently for India's businesses, carmakers, and even the government. Unlike Google, which runs on ads and collects user data to make money, MapmyIndia sells its mapping tech to companies as a service. Think of it as a B2B engine that powers connected cars, logistics tracking, drone-based mapping for city planning, and even location verification for fintech apps. Over time, the business has evolved into three major buckets: This is its bread and butter. Carmakers like Hyundai, Mahindra, and Tata pre-install MapmyIndia's maps in millions of vehicles. The company licenses this software to everyone from EV startups to logistics firms. GPS trackers, driver behaviour monitors, and connected vehicle systems – MapmyIndia makes and rents these too. Once installed in trucks or buses, they transmit real-time data back to control rooms or apps. Want to digitise land records? Map COVID zones? Run an incident dashboard across national highways? MapmyIndia is building all that too. The best part? All of this runs on their own map data. They're not using a foreign provider's system. It's all in-house, made for India, and increasingly, made for Southeast Asia too. To understand how MapmyIndia makes money and where it's going, you need to look at its two broad revenue lines: Map-led and IoT-led. Let's break that down. This is the cleaner, software-heavy part of the business. It includes everything from map APIs to in-car navigation software. In FY25, it brought in Rs 345 crore, about 75% of the total revenue. It grew 29% year-on-year, which is solid by any standard. More impressively, it runs at a 47% EBITDA margin, which means for every Rs 100 earned, Rs 47 is profit before taxes. This is what investors love: a scalable software business with low overhead and recurring revenue from long-term contracts. This is the hardware-and-software mix. MapmyIndia sells GPS devices and sensors but is now pushing customers to pay monthly for cloud-based tracking and analytics. In short, this part of the business is transitioning from one-time device sales to long-term SaaS income. That transition is slower at first but stickier in the long run. MapmyIndia's customers fall into two major camps: Think carmakers, EV startups, and OEM suppliers. This segment clocked Rs 211 crore in FY25, up 13%. Auto remains its comfort zone. But the bigger surprise is the below-business vertical. This includes e-commerce, banks, delivery apps, logistics firms, and government projects. Even the Mappls app, MapmyIndia's direct-to-consumer play, crossed 30 million downloads. With minimal marketing. It's clear: MapmyIndia isn't just riding the auto wave anymore; it's plugging into India's broader digital transformation. Now, let's get to the real scorecard with how much money is coming in and how profitably it is coming. Here's how FY25 looked: Rs 463 crore | Up 22% YoY Not as rapid as earlier years, but that's mainly due to slower IoT hardware sales. The business picked up pace again in Q4 with 34% YoY growth — a strong finish. Rs 180 crore | Margin: 39% Still elite-level profitability. Margins dipped slightly from FY24's 41%, but that's expected when you push new products and take on more government work (which usually has thinner margins). Rs 148 crore | Margin: 29% Down slightly from 32% the year before. But still exceptional for a company not yet at Rs 500 crore scale. Rs 660 crore The company is debt-free, cash-rich, and doesn't burn money. This gives it the muscle to expand into Southeast Asia, build new products, and maybe even acquire startups. Rs 1,500 crore This is the big one. That's the total value of contracts signed but not yet executed. It's more than 3 years' worth of current revenue, offering strong visibility into future growth. MapmyIndia's management has made its ambition loud and clear: hit Rs 1,000 crore in annual revenue by FY28. That means doubling revenue over the next three years. So the natural question is, can they really pull it off? Here's what gives them a fighting chance: The company's biggest strength is its in-house map data. Unlike others who license or crowdsource, MapmyIndia owns every layer from roads to landmarks to 3D terrain. This is their moat. As more industries, such as logistics, real estate, and fintech, start integrating maps into their platforms, that core IP becomes more valuable, not less. Sure, hardware sales slowed this year. But that's by design. Instead of pushing GPS devices for one-time gains, MapmyIndia is shifting to subscription-led telematics. If this model scales, say, 3-4 lakh IoT devices running on paid plans, the revenue base becomes recurring, sticky, and far more valuable. MapmyIndia is now building maps for Southeast Asia through its JV in Indonesia. The idea is to replicate its India model in countries where Google Maps doesn't have a deep local grip. Revenue from this region is still small. But the long-term opportunity is big, and early signs are promising. From digitising land records to enabling smart highways, the government is becoming a serious customer. These contracts come with lower margins, but they help scale. Meanwhile, with every EV or connected vehicle launched, MapmyIndia's software becomes harder to ignore. Whether it's EV routing or ADAS, they're ready with plug-and-play tools. So yes, Rs 1,000 crore by FY28 is aggressive but not unrealistic, especially with a Rs 1,500 crore order book already in hand. Let's talk about what matters to investors: the stock price. MapmyIndia trades at about 75 times forward earnings. That's expensive, no sugarcoating it. For comparison, even some fast-growing IT firms or auto ancillaries trade closer to 25-30x. So, what are you paying for? If the company hits Rs 1,000 crore revenue by FY28 and maintains current margins, earnings could more than double. Even with the same valuation multiple, the stock price could see a decent run-up. But there are risks: MapmyIndia is profitable, cash-rich, and deeply embedded in some of the most promising parts of India's digital infrastructure, from connected cars to e-commerce logistics to smart governance. Its growth ambitions, including doubling revenue by FY28, are backed by a solid order book and a diversified business model. But with that comes high expectations already baked into the stock price. At current valuations, the market prices strong execution, sustained margins, and continued expansion. The next leg of the journey will depend on how well the company scales its IoT and enterprise offerings, balances growth with profitability, and builds on early international momentum. As with any high-growth story, the opportunity is compelling, but so is the need to deliver. Note: This article relies on data from annual and industry reports. We have used our assumptions for forecasting. Parth Parikh heads the growth and content vertical at Finsire. He holds an FRM Charter and an MBA in Finance from Narsee Monjee Institute of Management Studies.
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Business Standard
12-05-2025
- Business
- Business Standard
Why CE Info Systems or MapmyIndia shares gained 6% in trade today?
CE Info Systems (MapmyIndia) share: Shares of CE Info Systems gained 6.1 per cent, logging an intraday high at ₹1,958 per share on BSE. The buying on the counter came after the company posted healthy Q4 results. At 11:47 AM, CE Info Systems shares were trading 4.41 per cent higher at ₹1,925 per share on the BSE. In comparison, the BSE Sensex was up 2.9 per cent at 81,760.8. The market capitalisation of the company stood at ₹10,475.86 crore. The 52-week high of the stock was at ₹2,745.05 per share and the 52-week low of the stock was at ₹1,514.7 per share. In the past one year, CE Info Systems shares have lost around 4 per cent as against Sensex's rise of 9 per cent. CE Info Systems Q4 results 2025 The company announced its Q4 results on Friday, after market hours. In the quarter that ended March 31, 2025, the company registered a 28 per cent rise in profit after (PAt) to ₹49 crore as compared to ₹38.2 crore a year ago. The revenue from operations stood at ₹143.5 crore as compared to ₹106.9 crore a year ago, up 34 per cent. The Earnings before interest, tax, depreciation, and amortisation stood at ₹58 crore as against 39.5 crore a year ago. Ebitda margin stood at 40 per cent as compared to 38 per cent a year ago. CE Info Systems order book details: The company's open order book has grown 10 per cent to ₹1,500 crore based on ₹633.5 crore of annual new order bookings in FY25, with momentum across both Automotive and Mobility Tech (A&M) and Consumer Tech & Enterprise Digital Transformation (C&E) market segments, due to continued adoption & expansion of use cases by new and existing customers. Additionally, new orders won with fixed pricing have grown significantly in FY25 to ₹417.9 crore as against ₹240 crore in previous year. The current open order book to revenue conversion ratio is estimated to be 3-4 years. About CE Info Systems CE Info Systems is a deep-tech digital map data, geospatial software, and location-based IoT products, platforms, solutions, and APIs company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS), and platform as a service (PaaS). The company provides its digital maps, software products, platforms, application programming interfaces (APIs), IoT, and solutions to newage tech companies, businesses across industry verticals, automotive OEMs, government organisations, developers, and consumers, under the Mappls MapmyIndia brand.
Time of India
11-05-2025
- Automotive
- Time of India
Technology Day Special: Navigation tech firms leverage ADAS and EV trends for growth
New Delhi: The automotive landscape is undergoing a transformative shift, with Advanced Driver Assistance Systems ( ADAS ), electrification and AI convergence with next-gen mapping technology taking a centre stage. Navigation has moved far beyond basic turn-by-turn directions–it is now becoming an intelligent, digital, real-time, and predictive system. With the rising adoption of electric vehicles (EVs), the navigation and mapping market is seeing increased demand for EV-optimised routing and highly accurate, autonomous, and semi-autonomous features. 'EVs and ADAS are reshaping the role of navigation–from a convenience feature to a mission-critical intelligence layer,' Sapna Ahuja, President – Automotive Business and COO - MapmyIndia told ETAuto. OEMs, Tier-1 suppliers, and policy planners now view advanced mapping technology as an essential component of the automotive stack. Mapping plays an integral role in EV-specific route planning by considering charging points, elevation gradients, and nearby amenities to support seamless and smarter trip planning, said Sameer Sankhe, Chief Digital Officer (CDO), Genesys , in a conversation with ETAuto. Navigation's rerouting Infusion of ADAS and AI has broadened and provided new revenue and growth opportunities for the navigation companies, who are actively aiming to provide tech-driven and user-friendly solutions to its users. The integration of advanced technology into maps provides augmented reality navigation, ADAS-aware navigation, driver behaviour analytics, connected car ecosystem and personalised experience. High-definition (HD) maps provide safety in vehicles with predictive intelligence, especially during low-visibility and high-speed scenarios, explained Sankhe. 3D maps can detect precise positions in complex environments to correct GPS error if any, that is essential for ADAS Level 2 and beyond. 'Our ADASIS v2+ compliant eHorizon technology allows vehicles to 'see beyond the sensor range' that enables the vehicle to anticipate road geometry, slopes, curves, speed limits, driver alerts and more. This powers L2+ level of autonomy,' said Ahuja. Mumbai-based Genesys is collaborating with OEMs and Tier-1 suppliers to feed real-time ADAS intelligence using their proprietary mapping engine, HD 3-D twins and advanced sensor fusion architecture. What's ahead? Now, navigation system providers have upped their game to provide the best of tools as the autonomous and software-defined vehicles (SDVs) gain traction. New-Delhi based, MapmyIndia is working with advanced, detailed, and updated maps, combined with vehicle-integrated APIs and onboard solutions that power smarter and safer mobility. Genesys, which has an engineering team of 90 members and 350+ ground staff for data collection, is working on building maps that capture 250+ attributes. At present, OEMs require only 10-15 attributes for level 2 ADAS. In a country that loses almost 1.78 lakh lives annually due to road accidents, the intelligent maps can act as a preventive layer.
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Business Standard
09-05-2025
- Business
- Business Standard
Q4 results today: Swiggy, Dr Reddy's among 69 firms on May 9; see full list
Q4 FY25 company results today: Birla Corporation and MapmyIndia will be among 69 companies to post earnings reports for the January-March quarter on May 9 New Delhi Swiggy, Dr Reddy's, Manappuram Finance, and Bank of India will be among 69 companies to release their earnings report for the fourth quarter (Q4) of the financial year 2024-25 (FY25) on Friday. Birla Corporation and MapmyIndia will also be releasing their performance report for the January-March quarter. Dr Reddy's Q4 result preview Swiggy is projected to report a wider net loss of ₹967.7 crore in Q4 FY25, up from ₹548.1 crore a year earlier. The loss in Q3 FY25 was ₹800.53 crore. Analysts will closely watch Swiggy Instamart's performance, focusing on order growth, dark store expansion, and margins. Market overview May 9 On Thursday, May 8, markets closed lower amid rising India-Pakistan tensions. The BSE Sensex dropped 412 points to 80,334.81, while the NSE Nifty50 fell 141 points to 24,273.80 after India's Ministry of Defence announced strikes on Pakistani defence sites under Operation Sindoor. On Friday, May 9, markets showed resilience. Despite opening sharply lower, the Sensex trimmed losses to 522 points, trading at 79,821. The Nifty50 rebounded from 23,935 to 24,083, down 205 points. Broader markets remained weak, with the Nifty MidCap and SmallCap indices down 1.2 per cent and 1.9 per cent, respectively. Most sectoral indices, including Bank, FMCG, Metal, and IT, were down around 1 per cent. Follow the latest market updates here: Stock Market LIVE Updates List of firms releasing Q4 FY25 results on May 9 ABB India Limited Abirami Financial Services (India) Ltd. Ace Men Engg Works Ltd. Aditya Consumer Marketing Ltd. Adline Chem Lab Limited Alkyl Amines Chemicals Limited Aditya Vision Ltd. Bank of India Birla Corporation Limited Cera Sanitaryware Ltd. Cholamandalam Financial Holdings Limited Cochin Malabar Estates & Industries Ltd. Desco Infratech Limited Dhanlaxmi Bank Limited Dr. Reddy's Laboratories Ltd. Eveready Industries India Ltd FGP Limited PNGS Gargi Fashion Jewellery Limited The Great Eastern Shipping Company Limited Gillanders Arbuthnot & Co. Ltd. Grindwell Norton Limited GRP Limited (formerly Gujarat Reclaim & Rubber Products Ltd.) Hariom Pipe Industries Limited Hester Biosciences Limited India Shelter Finance Corporation Limited Indokem Limited Inspirisys Solutions Limited Intellect Design Arena Limited Jupiter Life Line Hospitals Limited Kirloskar Ferrous Industries Limited KPR Mill Limited Lloyds Engineering Works Limited Loyal Textile Mills Limited Manappuram Finance Limited C.E. Info Systems Limited (MapmyIndia) Motherson Sumi Wiring India Limited Navin Fluorine International Limited NDR Auto Components Limited Novartis India Limited Omega Ag Seeds (Punjab) Limited Omkar Overseas Limited Paisalo Digital Limited Pankaj Polymers Limited Perfectpac Limited PTC India Financial Services Limited Ponni Sugars (Erode) Limited Prevest DenPro Limited Relaxo Footwears Limited Raj Oil Mills Limited Reliance Power Limited Rungta Irrigation Limited Selan Exploration Technology Limited Sagarsoft (India) Limited Shakti Pumps (India) Limited Shanti Educational Initiatives Limited Sheetal Diamonds Limited Shyam Metalics and Energy Limited Smartlink Holdings Limited Sunita Tools Limited Sutlej Textiles and Industries Limited Swiggy Limited Transport Corporation of India Limited Tourism Finance Corporation of India Limited The Investment Trust of India Limited Thermax Limited Tree House Education & Accessories Limited Venkys (India) Limited VK Global Publications Limited WAA Solar Limited
