Devendra Fadnavis, the deputy CM of Maharashtra emphasizing how important river linking is.
CM Eknath Shinde seems to be echoing his thoughts.
https://www.uniindia.com/news/west/maha-shinde-river-linking/3250001.html
Again, this could be a pre-election stunt for the upcoming Maharashtra elections, but one can never know for sure.
c3bb2c0e-a7b5-406c-92bd-5fc3fdbbf3b1.pdf (536.1 KB)
A long waited order received by ceinsys.
Nice! But this is different from the Wainganga tender highlighted by @phreakv6 which still remains unannounced.
[Geospatial future market size](Mapping new heights: India’s geospatial market to reach Rs 25,000 crore by 2025 geospatial market: Mapping new heights: India's geospatial market to reach Rs 25,000 crore by 2025 - The Economic Times)
This article swam into my feed as I follow Ideaforge. Galaxyeye and Ideaforge founders have commented on this article as well in their twitter feed. The article mentions these companies: Skyroot, Agnikul Cosmos, Pixxel, Satsure, Skylark drones, Ideaforge, Galaxyeye.
From that list of companies there is a clear separation between space and ground(drone?) companies. None of the companies discussed in this thead here hitherto figure in that list. That could probably be ascribed to the ignorance of the author? Cant comment as I dont understand this sector in entirety.
Ideaforge is a publicly listed company, Skyroot(an awesome space company) is not listed but Solar industries had around 4% stake last time checked, Infosys is invested in GalaxyEye.
I think its essential to layer out the sector and see where which companies fit in and then assign the TAM.
Hello Everyone,
I was recently evaluating Ceinsys and Genesys in the Geospatial IT services space. While these companies look good and this is a promising sector, presently, the PE for these stocks I believe have run up significantly and unfortunately are above my comfort zone.
However, I came across another company by the name of CyberTech systems and software, which apparently also operates in this space with Geospatial IT services as their main focus area esp. Esri ArcGIS Enterprise platforms. Fundamentally the stock appears good with no discernible red flags or areas for concerns except a decreasing EBIDTA margins and ROE in the last 3 years. Their promoter and CEO is Vish Tadimety with stable holdings, no pledged shares. 99% of their revenues is derived from US business and 1% from India.
This stock is available at a decent valuation. Request the senior members who are tracking the geospatial IT services space for insight and guidance.
Disc: Not invested
I don’t have the answers for why not Cybertech. But I can give some pointers on why investors with concentrated bets might not be excited in cybertech.
If you check Ceinsys and Genesys threads, there is clarity/guidance on the order book and future revenues. I am not sure if Cybertech has provided anything similar. Sales have been relatively stagnant in the last four quarters compared to the prior four quarters (I have highlighted those 4+4 quarters in the image below). They seem to have raised a good amount of capital and are already holding cash. I am not tracking it deeply, so I am not sure about the deployment plan for this capital. Regarding other income, which is higher and making the net profit look good, is it from interest earned on idle cash?"
This is from their last concall results. No clear cut guidance as such though. I am waiting for this Quarter’s commentary.
Disclaimer : Invested.
Thank you @satishwe and @Alvish9031 for your inputs. Yes, sales in the last few quarter have stagnated. Also, with the company’s entire revenue coming from US business, it is difficult to ascertain the future growth prospects since unlike India, where there is a lot of scope in the geospatial sector, can the same be said for the US? The lack of any concrete management commentary or information about their order book does not help either.
What I would be more interested in finding out is how does Cybertech’s prowess as a geospatial IT service provider compare to that of Ceinsys or Genesys i.e. do they offer the same range of services and execution capabilities as the others. Because if they do, then they certainly merit a place on my watchlist, esp. if and when they decide to increase their share of India business.
Upcoming opportunities in Geospatial Sector..
Geospatial data is a key enabler in satellite communication networks, enhancing signal propagation modeling, interference reduction, and real-time data relay. It combines satellite imagery, terrain models, and atmospheric conditions to advance system performance, optimize beamforming, and facilitate seamless connectivity through challenging environments.
Network Performance Optimization: Geospatial analytics predict mobile network coverage by using satellite imagery, elevation models, and population density maps. This allows accurate placement of satellite ground stations and optimal power allocation for satellite beams, minimizing signal degradation and maximizing coverage in rural areas.
Interference Management in Satellite-Terrestrial Networks: With growing overlap between terrestrial 5G networks and satellite-based communications, geospatial data helps identify zones of interference. By processing spatial frequency allocations and terrain obstructions, operators can realign beam steering, adjust frequency bands, and optimize coexistence between low-earth orbit (LEO), medium-earth orbit (MEO), and geostationary (GEO) satellites.
Multibeam Satellite System Design: Geospatial data supports satellite beam design by simulating real-world traffic demand distributions. This optimizes beam placement, frequency reuse patterns, and power levels to ensure balanced data distribution in high-traffic and low-density regions. AI-based geospatial models further optimize these simulations, optimizing network efficiency.
Real-Time Earth Observation and Data Processing: Satellites produce enormous geospatial datasets for uses like disaster response, environmental monitoring, and defense. Sophisticated methods like satellite edge computing enable real-time onboard processing of geospatial imagery prior to sending only pertinent data to ground stations, conserving bandwidth and enhancing response times.
High-Speed Data Relay Systems: Geospatial data is a central component of high-speed data relay systems, including the European Data Relay System (EDRS) and NASA’s Tracking and Data Relay Satellite System (TDRSS). These systems leverage accurate satellite positioning and geospatial tracking to enable low-latency, high-bandwidth data transmission between ground stations and satellites, serving space research, Earth observation, and global communications.
Space-Based Internet and Broadband Expansion: Operators like Starlink, OneWeb, and Amazon’s Kuiper depend on geospatial data for management of satellite constellations to provide optimal coverage and adaptive beam steering. AI-optimized geospatial models predict connectivity needs and dynamically adjust satellite positions, improving service reliability and lowering congestion.
With increasing global connectivity demands, geospatial data will remain an integral component in satellite communication systems, enhancing efficiency, reliability, and real-time data access.
Geospatial Data Services for Satellite Constellations:
India’s space sector is witnessing a remarkable transformation with 30 companies forming 09 consortiums to build the nation’s own satellite network. This ambitious project, targeting a massive Rs 375,000 crore market by 2030, has attracted major players like Google-backed Pixxel ( Genesys already has a working relationship with Google for map data ), Baring PE-backed SatSure, and Tata Advanced Systems.
The space regulator IN-SPACe has set clear entry barriers: companies need either Rs 85 crores in space investments, Rs 850 crores valuation, or Rs 200 crores turnover over three years** [Nelco, Ceinsys, Genesys should Qualify here , need to check who has shown interest in applying 
] . The winning consortium will receive a Rs 350 crores government loan, with the requirement to establish local control centers to maintain data sovereignty.
The initiative, supported by a Rs 1,000 crore space startup fund, aims to reduce India’s dependence on foreign satellite data. Technical evaluations will conclude by month-end, followed by the final tender process. This project represents India’s strategic push to become self-reliant in space technology while creating opportunities for private sector participation in the growing space economy.
Interesting Tender :
Asset Mapping Of Ehv Transmission Line Towers Using High Resolution Stereo Satellite Imageries
The Rajasthan Rajya Vidhyut Prasaran Nigam Limited (RVPN) has announced a Rs 93 crore tender for asset mapping of Extra High Voltage (EHV) transmission line towers.( Ceinsys could bid this as they have the capabilities for this ) The project combines high-resolution stereo satellite imagery mapping with a web-enabled GIS-based software application, supported by a 5-year Annual Maintenance Contract (AMC).
The scope includes satellite-based mapping of EHV infrastructure and development of a comprehensive GIS application for digital asset management. RVPN seeks bidders with expertise in satellite imagery, GIS technology, web development, and power infrastructure. Interested companies must submit proposals by March 24, 2025, with tender documentation available through RVPN’s portal.
ref:
www.reuters.com/world/india/indias-push-home-grown-satellite-constellation-gets-30-aspirants-2024-12-24
