Ceinsystech is based on order book and valuation method is discounted cash flow, this fall is attributed to anticipated loss in 400 cr JJM orders hence stock is correcting to mean valuation which i am afraid is further lower from here as well. Genesys has much diversified moat and will attract investor attention. 3D ADAS mapping is mandatory for connected cars technology. Land digitization, twin Mapping, GIS for underground piping, smart city development will have mandatory twin mapping and AMC for better urben planning.
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I am invested in both Genesys and Ceinsys. I think Ceinsys has beaten down too much for what it’s worth. Agree with Genesys being a company in a lot of promising sectors but Ceinsys is not all about JJM anyway. They have an order book that can sustain them for a year or more. Investors are behaving as if JJM was the only thing going for them and after the 50%+ crash, the market seems to have completely removed JJM contribution from the equation.
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Its not all JJM and its not pipeline fitting work either .Ceinsys has lot of other things under the hood apart from what the public perception is .Their US aquisitions allygrow and VTS is also into auto sector and has Lidar etc. capabilities .
Its not that Ceinsys can’t do what genesys can . ceinsys wanted to pivot away from geospatial and B2G because of this Gov specific issues and thats why they bought those two and will buy a couple more in next few months . They are still sitting on the QIP cash done when when the price was 600 or so.Its not really Ceinsys’s fault that too many order hunters got onboard and is now jumping out not knowing whether they boarded a bus or a train .
On the other hand, Genesys is also very much Gov order dependent as things stand. apart for ADAS , all the others you mentioned are for various gov clients only(state and municipal as well) .
Also the orders declared about land digitization and city twinning till now are tiny in amount compared to the expectation .Plus, promoter holding goes down every quarter,dilution happens frequently and there is pledge as well .Both of these have not actually bloomed yet and have potential .In short ,while Ceinsys has shown clear ability to generate revenue and profit( JJM cash will come too …sometime) ,Genesys is still vague about the monetisation path of their tech stack. If the ADAS is licensed to a few other OEMs , things will be much better .
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Hi Sir, how did you came to this potential annual figure ? Any source helps. thanks
Actually I used screener AI for estimated market size, it came around 600 cr
Constructive debates are always good for investors. Genesys is leader in twin map and land digitization. India
TAM for twin map city is roughly 6000 cr, globle TAM is 35000 cr.
TAM for land record digitization is between 4000 to 6000 cr
TAM for other utilities including water, Power is close to 5000 cr
ADAS digital twin TAM is 500-2500 cr per year
Infra, forest, flood environment TAM is 3000 cr upper limit
Total estimated opportunity size by 2030 for all twin map scenarios is between 5-7 B USD.
Ceinsystech is working in utilities domain only. If JLR ties up with Genesys for ADAS tein maps at global level than it shows what capability Genesys Maps offer.
Nothing against Genesys or Ceinsystech, i follow pure valuation methods and exited both in Dec 24 at peak levels as PE was too high to hold. My preference is genesys and today bought my second lot. Third lot if price come down to 350 levels which will be mouth watering.
Regarding promotor selling, Sajid John’s wife Sazia Ilmi opted for divorce and sold her stake.
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This is my last post about this matter …at the moment I am not even sure whether we are in the ceinsys page or the page for genesys.Leaving aside which one we fancy more..
Genesys has no deal with JLR yet afaik.However it has 3 deals..
- With Tata motors PV for their SDV suit .TM is going to use genesys mapstacks for Indian roads in their SDV for next 6 years.
- HERE maps. Here will use Genesys maps for India in their product which is used by BMW,Mercedes,Audi .In this also,the maps are of Indian roads that goes into the product as a part.
- TomTom. Same as point 2 but for Renault and Stellantis.
Point is ,no foreign company can generate the Indian maps genesys has because of gov policy and genesys is indeed miles ahead of Indian competition here .
Almost same situation is Digital twinning of cities .Competitors are far behind. However, for land digitisation there are many other competitors like C-DAC,NIS,various local GIS, mapmyindia ,rolta etc. Ceinsys (The 29 crore CIDCO project) as well but not every company does every aspect.
Regarding the TAMs …take them with a pinch of salt.Genesys has good advantage in India but for outside India ,there are foreign competition who are far more powerful.
So I agree,Genesys has great scope in certain things and at the moment the ADAS is the most hopeful thing because those deals must be worth large amounts .I wish Genesys provides some fiscal details on those. They are very secretive and do not seem very concerned about their stock price .
I will not go into what Ceinsys has…because I was not and will not try to convince ! :)
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Ceinsys Tech Limited has informed BSE that it has signed a Memorandum of Understanding (MoU) with Aetosky Singapore Pte. Ltd., a Singapore-based geospatial AI company.
Under this collaboration, the two companies will jointly develop and deliver enterprise geospatial and AI-based solutions across sectors such as transportation infrastructure, water & utilities, energy & power networks, and land & natural resources. The partnership will focus on markets including India, the GCC region, Europe, and North America.
The alliance aims to combine Aetosky’s global reach and domain expertise with Ceinsys Tech’s strengths in geospatial data, analytics, digital twins, and AI-driven automation to deliver advanced, decision-grade intelligence solutions for governments and enterprises.
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A note released by the company, somewhat answering many rumours circulating around. Again could be the price action that’d made the management take this step.
Disc: No reco
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What rumours is the company referring to exactly here? I don’t see any specific ‘rumor’ being mentioned in the release. Not sure why they would need to come out with such a release except to stabilze the price action.
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They are probably referring to rumours that the company is going to write of JJM receivables hence they have highlighted the fact that they have started recoveries and already recovered 117 out of 172 Cr as conveyed in the latest conference call.
It’s likely that some investors contacted management after the price drop to seek clarification, which may have prompted this response. While I generally don’t favour management intervening to influence the stock price, this appears more like an investor friendly effort to provide reassurance rather than an attempt to artificially boost the price.
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Company made the announcement today that it’s going to be listed on NSE as well to increase shareholders participation.
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Jal Jeevan Projects awarding restarted based on todays SPML infra 207 Crore order win - https://www.bseindia.com/xml-data/corpfiling/AttachLive/dd252c05-dabf-4009-99d1-8131331be8fb.pdf
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