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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 543425 | NSE: MAPMYINDIA

CE Info Systems Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 8:53 pm

Market Cap 8,646 Cr.
Current Price 1,588
High / Low2,748/1,583
Stock P/E62.4
Book Value 134
Dividend Yield0.22 %
ROCE28.7 %
ROE22.3 %
Face Value 2.00
PEG Ratio-2.07

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for CE Info Systems Ltd

Competitors of CE Info Systems Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IDream Film Infrastructure Company Ltd 1.41 Cr. 93.899.0/85.0 2950.00 %%% 10.0
IB Infotech Enterprises Ltd 23.4 Cr. 182245/11030.7 16.80.55 %69.9 %50.5 % 10.0
Hit Kit Global Solutions Ltd 6.54 Cr. 1.411.41/0.5820.4 2.080.00 %1.92 %1.94 % 2.00
Globalspace Technologies Ltd 59.5 Cr. 17.327.0/16.2180 11.20.00 %%% 10.0
First Fintec Ltd 8.64 Cr. 8.3010.9/4.51 10.20.00 %2.41 %1.77 % 10.0
Industry Average39,977.65 Cr703.7691.08122.740.67%18.02%18.80%6.94

All Competitor Stocks of CE Info Systems Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales43564355626759667580768586
Expenses24312830313732393840424946
Operating Profit19261525313028273739343641
OPM %44%45%35%46%50%45%46%40%50%49%45%42%47%
Other Income91461167111188121210
Interest1101100000000
Depreciation2222222122223
Profit before tax26371934353636364345434648
Tax %18%31%17%30%28%27%18%24%23%24%25%18%22%
Net Profit21251624252630283334323837
EPS in Rs54.606.282.964.434.724.875.565.156.206.315.986.996.89

Last Updated: October 7, 2024, 8:26 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:49 pm

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales149135149152198254316327
Expenses102114118101112138169177
Operating Profit4821305186116147150
OPM %32%16%20%34%44%46%46%46%
Other Income1128154039354042
Interest00332211
Depreciation65998699
Profit before tax53443479115143177182
Tax %33%20%25%24%26%24%22%
Net Profit3535256086109137141
EPS in Rs92.3992.1366.11157.0116.0720.2725.4226.17
Dividend Payout %0%0%0%0%12%25%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)0.00%-28.57%140.00%43.33%26.74%25.69%
Change in YoY Net Profit Growth (%)0.00%-28.57%168.57%-96.67%-16.59%-1.06%

CE Info Systems Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:19%
3 Years:27%
TTM:18%
Compounded Profit Growth
10 Years:%
5 Years:44%
3 Years:44%
TTM:11%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-28%
Return on Equity
10 Years:%
5 Years:20%
3 Years:21%
Last Year:22%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:38 pm

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital444411111111
Reserves108154166227427524645716
Borrowings129129152149161275
Other Liabilities3730384951948759
Total Liabilities278317360428505641750790
Fixed Assets2220403328293852
CWIP-0-0-0-0-079-0
Investments168204204275313379427465
Other Assets8794116120165226275274
Total Assets278317360428505641750790

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +262324793110067
Cash from Investing Activity +-26-20-2-57-11-57-50
Cash from Financing Activity +-0-0-18-6-14-5-21
Net Cash Flow-03417538-4

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-81.00-108.00-122.00-98.0070.00104.00140.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days726476687882109
Inventory Days14286120741757112
Days Payable849115099115130195
Cash Conversion Cycle13059464313723-74
Working Capital Days2530386691156
ROCE %9%11%19%21%27%29%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters53.73%53.73%53.73%53.31%53.31%53.31%53.31%52.93%52.91%52.91%51.98%51.67%
FIIs5.80%5.57%5.60%5.57%5.50%6.61%4.02%5.74%5.98%6.73%6.41%6.44%
DIIs5.10%4.80%5.26%5.07%4.41%4.85%6.93%5.79%4.29%4.73%5.76%5.76%
Public35.38%35.90%35.41%36.05%36.79%35.22%35.74%35.53%36.82%35.64%35.85%36.14%
No. of Shareholders1,35,4681,51,0181,45,2191,53,5851,53,3331,46,9821,47,2481,35,8201,62,1631,55,6751,59,3821,62,409

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Tata Small Cap Fund801,4492.3144.873,1762024-11-21995.23%
PGIM India Small Cap Fund202,4822.5436.5873,1762024-11-21176.71%
Franklin India Technology Fund171,9282.2731.0673,1762024-11-21134.95%
UTI Innovation Fund112,6293.2620.3573,1762024-11-2153.92%
Union Small Cap Fund100,0941.3618.0873,1762024-11-2136.79%
Union Innovation & Opportunities Fund73,1762.1313.2273,1762024-11-210%
Edelweiss Recently Listed IPO Fund65,0001.2511.7473,1762024-11-21-11.17%
Union Flexi Cap Fund62,4130.5711.2873,1762024-11-21-14.71%
Sundaram Diversified Equity Fund57,0000.6410.373,1762024-11-21-22.11%
Union Multicap Fund45,6940.988.2673,1762024-11-21-37.56%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.0010.0010.00
Basic EPS (Rs.)24.7820.3816.3411.304.41
Diluted EPS (Rs.)24.5819.5115.9410.994.27
Cash EPS (Rs.)27.8821.9417.90180.8886.00
Book Value[Excl.RevalReserv]/Share (Rs.)122.06101.0883.73597.53440.32
Book Value[Incl.RevalReserv]/Share (Rs.)122.06101.0883.73597.53440.32
Revenue From Operations / Share (Rs.)70.2052.4637.65397.76387.76
PBDIT / Share (Rs.)35.9628.3723.99237.99115.32
PBIT / Share (Rs.)33.2226.5322.44212.1689.83
PBT / Share (Rs.)32.6826.0122.04205.4982.43
Net Profit / Share (Rs.)25.1420.0916.35155.0660.51
NP After MI And SOA / Share (Rs.)24.7819.9916.34155.0660.51
PBDIT Margin (%)51.2354.0863.7359.8329.73
PBIT Margin (%)47.3250.5659.6153.3323.16
PBT Margin (%)46.5549.5758.5351.6621.25
Net Profit Margin (%)35.8138.3043.4338.9815.60
NP After MI And SOA Margin (%)35.3038.1043.4138.9815.60
Return on Networth / Equity (%)20.3219.7819.5125.9413.74
Return on Capital Employeed (%)26.6925.5425.8021.5910.77
Return On Assets (%)16.9115.9916.8413.926.48
Total Debt / Equity (X)0.020.030.000.000.00
Asset Turnover Ratio (%)0.510.430.420.380.42
Current Ratio (X)3.643.865.035.354.47
Quick Ratio (X)3.573.754.885.294.36
Inventory Turnover Ratio (X)0.003.313.440.000.00
Dividend Payout Ratio (NP) (%)14.1315.010.000.0047.60
Dividend Payout Ratio (CP) (%)12.7213.740.000.0033.50
Earning Retention Ratio (%)85.8784.990.000.0052.40
Cash Earning Retention Ratio (%)87.2886.260.000.0066.50
Interest Coverage Ratio (X)66.3454.5659.1235.6715.59
Interest Coverage Ratio (Post Tax) (X)47.3839.6441.2924.249.18
Enterprise Value (Cr.)9999.605259.587974.940.000.00
EV / Net Operating Revenue (X)26.3518.6939.790.000.00
EV / EBITDA (X)51.4434.5562.430.000.00
MarketCap / Net Operating Revenue (X)26.5018.8940.090.000.00
Retention Ratios (%)85.8684.980.000.0052.39
Price / BV (X)15.259.8118.020.000.00
Price / Net Operating Revenue (X)26.5018.8940.090.000.00
EarningsYield0.010.020.010.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of CE Info Systems Ltd as of November 22, 2024 is: 1,868.74

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, CE Info Systems Ltd is Undervalued by 17.68% compared to the current share price 1,588.00

Intrinsic Value of CE Info Systems Ltd as of November 22, 2024 is: 1,305.94

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, CE Info Systems Ltd is Overvalued by 17.76% compared to the current share price 1,588.00

Last 5 Year EPS CAGR: -30.12%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.57%, which is a positive sign.
  2. The company has higher reserves (370.88 cr) compared to borrowings (74.88 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (210.00 cr) and profit (103.38 cr) over the years.
  1. The stock has a high average Working Capital Days of 33.57, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 52.00, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in CE Info Systems Ltd:
    1. Net Profit Margin: 35.81%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 26.69% (Industry Average ROCE: 18.02%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 20.32% (Industry Average ROE: 18.8%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 47.38
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 3.57
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 62.4 (Industry average Stock P/E: 91.08)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.02
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

C.E. Info Systems Ltd. is a Public Limited Listed company incorporated on 17/02/1995 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1995PLC065551 and registration number is 065551. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 198.16 Cr. and Equity Capital is Rs. 10.65 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareFirst, Second, & Third Floor, New Delhi Delhi 110020cs@mapmyindia.com
http://www.mapmyindia.com
Management
NamePosition Held
Mr. Rakesh Kumar VermaChairman & Managing Director
Mr. Rohan VermaWholeTime Director & CEO
Ms. Rashmi VermaWhole Time Director
Ms. Rakhi PrasadNon Executive Director
Ms. Sonika ChandraNon Executive Director
Mr. Shambhu SinghIndependent Director
Mr. Anil MahajanIndependent Director
Ms. Tina TrikhaIndependent Director
Mr. Kartheepan MadasamyIndependent Director
Mr. Rajagopalan SundarInd. Non-Executive Director

FAQ

What is the latest intrinsic value of CE Info Systems Ltd?

The latest intrinsic value of CE Info Systems Ltd as on 21 November 2024 is ₹1868.74, which is 17.68% higher than the current market price of ₹1,588.00.

What is the Market Cap of CE Info Systems Ltd?

The Market Cap of CE Info Systems Ltd is 8,646 Cr..

What is the current Stock Price of CE Info Systems Ltd as on 21 November 2024?

The current stock price of CE Info Systems Ltd as on 21 November 2024 is ₹1,588.

What is the High / Low of CE Info Systems Ltd stocks in FY 2024?

In FY 2024, the High / Low of CE Info Systems Ltd stocks is 2,748/1,583.

What is the Stock P/E of CE Info Systems Ltd?

The Stock P/E of CE Info Systems Ltd is 62.4.

What is the Book Value of CE Info Systems Ltd?

The Book Value of CE Info Systems Ltd is 134.

What is the Dividend Yield of CE Info Systems Ltd?

The Dividend Yield of CE Info Systems Ltd is 0.22 %.

What is the ROCE of CE Info Systems Ltd?

The ROCE of CE Info Systems Ltd is 28.7 %.

What is the ROE of CE Info Systems Ltd?

The ROE of CE Info Systems Ltd is 22.3 %.

What is the Face Value of CE Info Systems Ltd?

The Face Value of CE Info Systems Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in CE Info Systems Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE