Genesys results are out . One of The last Companies to give out results from my track list.
Genesys is also raising funds for around 350 Cr as per the latest filings.
It has been a good show so far, in last 9 months Both topline and Profits have gone up higher 131 crores to 231 crores Topline and EPS has jumped from 1.91 to 9.27.
Depreciation has gone up this quarter, but on a 9 month basis it still looks good.
In this exclusive conversation with YourStory’s Shradha Sharma, Sajid Malik, Chairman & Managing Director of Genesys International, unveils how the New India Map Stack is revolutionizing sectors from disaster management to urban development.
I have been following company for a while, but i think promoters are quite vague in disclosures, like what is their order book which could be good KPI, i tried mapping their orders by going through disclosures but my order book calculations didnt add up with elara ones. Secondly new QIP announcement on 14th Feb during this market, promoters stake will be diluted further recent reduction in promoter stake are certain concerns but no doubt business is quite fascinating in this new sun rise industry
Global Digital Twin market to grow 40% CAGR !!!
Can Genesys get 15-20% marketshare in next few years ?
Genesys has posted extremely good results. But for the deferred tax of Rs 8 cr paid the NP would also have been good QoQ . The profit before tax at Rs 31.5 Cr vs Rs 26.1 Cr (QoQ) vs Rs 24.1 Cr ( YoY) is good performance. Attaching the media release of the company.
Genesys.pdf (1.2 MB)
Good information about the kind of work that Genesys is engaging. A field that would be in lots of demand in Urban infra management & development , Defense , Mobility etc. One good thing about the company, it is working silently without much fanfare in a category that will be one of the key focus area of the Govt.
The company’s work and future prospects looks interesting for sure. But constant promotor selling every quarter is quite unsettling.
Company looking crazy cheap right now. Nearly halved inspite of a great FY 25. Either there is something more that misses the eye or a good opportunity to load up on these shares. Pretty bullish on the space in general. I guess the lack of info on the company as well aa promoter selling is dampening investor mood.
How do you think about the Cash flow conversions relative to reported profits?
Similar numbers can be seen for Ceinsys and their debt position seems manageable as of yet. Genesys does have govt exposure so could be a factor. Given the tech nature of the business and the potential for operating leverage, I feel confident. Any idea what their other financial assets which has single handedly contributed to negative CFO is
I am not certain if the below finding is correct or not but will mention anyway. I went through the FY25 annual report and checked the other financial assets in the consolidated balance sheet and tried to relate to the cash flow statement. It seems like other assets more than doubled. If anyone has better insights, please feel free to share.
As per note 9b
Disc: Tracking investment, waiting for it to form a base.
Yup. It does seem like unbilled revenue as thats 100 crore more than last year. Both FY23 and 25 had 50% rev growth which corresponded to a large jump in other financial assets. Need to see how this progresses
Genesys FY 25 AGM highlights :
Chairman Speech :
Companies goal is to create India’s most advanced location intelligence platform.
Also to build on a technology stack which took the entire current map experience from 2D to a very immersive 3D environment.
Platform that company has built, called Oyster is having measurable accuracy of 5cm with multiple layers of data associated with it.
The functionalities that are put on this platform are that one can do analysis which normally takes days/week is done in a matter of seconds by the agentic AI.
For example, a query about, what would be the road impact analysis on a particular road with a 50-meter kind of road widening project? this analysis is done in seconds by the agentic AI or the AI system that company has built.
The entire country’s 2D map data, 8.5 million kilometres of navigable roads, almost 150 million different kind of POI attributes. The IP belongs to Genesis.
Finished the phase one of the Bombay project. Image below is the digital twin of Mumbai.
Some work done in carbon infra in rooftop, Company has spent 3 yrs on this already on this building the entire tech stack- capabilities include data collection and processing.
On automotive side-cars are going towards becoming connected cars with heavy infotainment capabilities- below is the image of navigation map from Genesys.
QnA Highlights:
List of questions grouped together(I might have missed few questions)
1. Oyster Roll-out and Product Strategy
2. Middle East and International Expansion
3. Automotive and HD Mapping
4. Financial and Accounting Matters
5. Growth Outlook and Business Mix
6. Organisational Strength
7. Project and Segment Updates
8. Data Maintenance and Refresh
Chairman response :
Some more snaps from the AGM presentation.
Thanks @varunm2112 for the screenshots.
Dscl: Holding and no transactions in last 2 months.
For a company that does not do concalls, getting such information from an AGM is priceless. Your effort to share and transcribe is much much appreciated. Thank you.
Any idea if anyone did ask about the receivables? The fast depreciating mapping data resulting in repeated expenditure, and the high receivables- these are the two concerns I guess that weigh the stock down.
There was a question on depreciation only ( nothing on receivables though).
Thanks a Lot for sharing the AGM notes. Considering the elusive nature of the promoter getting this info is indeed priceless. Investors will need lot of patience with this company considering the nature of business (govt projects). Cash flows will remain a challenge and so will be the receivables. Lot of promise but the journey will be slow and steady. Don’t expect any fireworks in the immediate future.
Invested from higher levels …
Any idea if we can get the video recording of the AGM? Lot of companies do share
I could not find the recording anywhere in their exchange filings so far, you could give it a try by sending email to the company CS and IR.
