PhonePe-backed monopoly company reports robust results: Open order book surges by 49 per cent, announces 175 per cent dividend, FIIs & DIIs increased stake
The company’s shares have delivered an impressive return of around 90 per cent in the past one year.
MapmyIndia has maintained its robust performance, demonstrating a notable increase in FY24 revenue from operations, reaching Rs 379.4 crore, marking a 35 per cent year-on-year rise. EBITDA also saw significant growth, reaching Rs 156.2 Crore, up by 33 per cent year-on-year, with an EBITDA margin of 41 per cent. Profit After Tax (PAT) experienced a 25 per cent increase, reaching Rs 134.4 Crore, with PAT margins standing at 32 per cent.
Over the past three years, the company has sustained a strong track record, with revenue growing at a CAGR of 38 per cent, while maintaining EBITDA margins consistently above 40 per cent and PAT margins above 30 per cent. The company's Order Book achievements instill confidence in its trajectory towards surpassing the Rs 1000 Crore revenue milestone by FY27/FY28.
Notably, the Open Order Book expanded by 49 per cent to Rs 1,372 Crore by the end of FY24, reflecting positive prospects for future revenue. This growth was underpinned by Annual New Order Bookings in FY24 amounting to Rs 834 Crore, representing a substantial 63 per cent year-on-year increase.
As per the Quarterly Results, the company’s revenue grew by 47 per cent while PAT grew by 35 per cent YoY. The board has approved a dividend of Rs 3.50 (175 per cent) per share.
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Shareholding Pattern of CE Info Systems
According to the latest shareholding pattern, Promoters hold 52.91 per cent, while FIIs and DIIs hold 6.73 per cent and 4.73 per cent, respectively. Both FIIs and DIIs have increased their stakes compared to their earlier holdings of 5.98 per cent and 4.29 per cent, respectively, as per the recent update. Phonepe private limited holds 18.86 per cent of the company.
Share Performance of CE Info Systems
On Tuesday, the company's stock rallied around 6 per cent and hit a high of Rs 2036.30 per share and finally closed at around Rs 2005.35 per share, with a market capitalisation of Rs 10,843 crore. Additionally, the stock has delivered a return of around 90 per cent in the past year. However, it has a great potential to generate multibagger returns in the future.
Investors must keep this Mid-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.