Ceinsys Tech-Engineering, Geospatial & IT solutions Company

satishwe · December 8, 2024, 2:52pm

satishwe · December 8, 2024, 2:54pm

Dragon · December 9, 2024, 4:16am

Looks decent but don’t you think Price to sales of nearly 7 times is too expensive? However I do feel by Q2 2026, they will have 1000 crores revenue (Additional revenue flowing through the acquisition and data center business)

Mukesh_Poonia · December 9, 2024, 4:05pm

By looking at the Geospecial market TAM in India and company’s growth prospects, PS ratio is a small factor. Real story is yet to be unfolded I think.

satishwe · December 17, 2024, 4:19pm

Interesting to note Ceinsys is seen around cloud players now. There is mention about AI for enhancing speed/efficiency of the Geospatial processes.

Prdnt_investor · December 17, 2024, 4:48pm

Bull therapy 101-thread for technical analysis with the fundamentals

Ceinsys result is discussed here . Since then the concall as well happened and most of these assumptions were confirmed by the management. I made some mistakes in my split calculation though my general assumption on how to look at the numbers were right. The wainganga-nalganga river linking and IDDP for MMRDA summing up to 500 Cr must still be in the works as they are not yet disclosed. Orderbook should be strong around 1700 Cr once these are confirmed.

I was also quite surprised by the way market reacted post Mumbai elections. It clearly was a large hurdle going by market reaction. Now that its out of the way, we can focus on the fundamentals. The company announced a 330 Cr order from JJM MH extending last year’s order of 248 Cr. It looks like there might be lot more to come here just in MH. Going by the TPI (third-party inspection) work they are doing for JJM in UP in Lucknow, Chitrakoot and Devi Patan, I wouldn’t be surprised if they land some IoT work there also in JJM.

Recently noticed that Ceinsys is a corp partner for the recently launched Operation Dronagiri .

image628×1064 210 KB

Also noticed how much importance Bentley systems who Ceinsys partners with for geospatial software and licenses is giving India

image1535×850 180 KB

Ceinsys updates from the other thread.