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Ceinsys Tech LimitedNSEI:CEINSYS Stock Report

Market Cap ₹22.5b
Share Price
₹1.07k
₹1.64k
34.7% undervalued intrinsic discount
1Yn/a
7D-1.0%
Portfolio Value
​
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Ceinsys Tech Limited

NSEI:CEINSYS Stock Report

Market Cap: ₹22.5b

Ceinsys Tech (CEINSYS) Stock Overview

Provides enterprise geospatial and engineering services in India and internationally. More details

CEINSYS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends4/6

Rewards

Price-To-Earnings ratio (19x) is below the Indian market (23.7x)

Earnings grew by 122.9% over the past year

Risk Analysis

Highly volatile share price over the past 3 months compared to the Indian market

Shareholders have been diluted in the past year

Dividend of 0.33% is not well covered by free cash flows


CEINSYS Community Fair Values

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Ceinsys Tech

Ceinsys Tech Fair value at rs 1643

Ceinsys Tech Ltd (CEINSYS) – DCF Valuation (as of 12 March 2026)Using the two-stage Discounted Cash Flow (FCFF) model, I have calculated the intrinsic fair value based on the latest consolidated financials from Screener.in, company earnings releases, and the Q3 FY26 earnings call transcript (order book ₹999 Cr as of Dec 2025, management hint of FY26 revenue ~₹700 Cr+).Key Inputs (Latest Available): TTM Revenue: ₹632 Cr | FY25: ₹418 Cr 9M FY26 Revenue: ₹490 Cr | PAT: ₹96 Cr Order book: ₹999 Cr (strong 1.5x+ TTM sales visibility) EBITDA margin (recent): 21–23.5% Net debt: ~₹30 Cr (conservative; borrowings ₹75 Cr minus estimated cash) Shares outstanding: 17.85 million (1.785 Cr shares from ₹18 Cr equity capital at ₹10 face value) Beta: ~0.57 (low volatility) My Base-Case Assumptions (Balanced & Realistic): FY26E Revenue: ₹680 Cr (9M run-rate + Q4 momentum) 5-year explicit growth (FY27–FY31): 35% → 30% → 25% → 20% → 15% (tapered; supported by order book, geospatial infra boom at 20%+ national CAGR, and execution track record) EBITDA margin: 22% (FY26–28) → 23–23.5% (improving scale & mix) Depreciation: 2% of revenue Capex: 3.5% of revenue (low; management confirmed no major tech capex planned beyond opex for AI/ML) Δ Working Capital: 12% of incremental revenue (conservative allowance for 221 debtor days; assumes gradual normalisation) Tax rate: 25% WACC: 10.8% (Rf 6.8% + beta 0.57 × 7% ERP; debt weight negligible) Terminal growth: 4% (long-term India GDP/infra sustainable rate) Explicit period: FY26–FY30; Terminal Value at end-FY30 using perpetuity formula on FY31 FCFF Projected Financials & FCFF (₹ Cr): Year Revenue EBITDA Margin FCFF (Free Cash Flow to Firm) FY26E 680 22.0% 88.2 FY27E 918 22.0% 95.4 FY28E 1,193 22.0% 128.1 FY29E 1,492 23.0% 176.8 FY30E 1,790 23.0% 219.3 FY31E 2,059 23.5% 268.9 (for TV calc) Terminal Value (end-FY30): ₹4,112 Cr Enterprise Value: ₹2,962 Cr Equity Value: ₹2,932 Cr (after net debt) Fair Value per Share: ₹1,643 Upside from Current Price (₹1,000–1,037 range): 58–64% (base case).Sensitivity Analysis (Fair Value per Share): Conservative (WACC 11.5%, growth -5% pts, ΔWC 15%, EBITDA 21%): ₹1,250–1,320 Base (as above): ₹1,643 Optimistic (WACC 10.0%, growth +5% pts, ΔWC 8%, EBITDA 24%): ₹1,950–2,100 Alternative (Exit multiple 22x FY30 EBITDA instead of perpetuity): ~₹1,780–1,850 (aligns with some analyst models) Comparison with Other Methods (for cross-check): Current TTM P/E: 15.4x → Forward FY27E P/E ~10–11x (very attractive vs. IT/geospatial peers 20–25x) Historical median intrinsic models: ~₹1,246 Overall DCF range: ₹1,300–1,850 (central tendency ~₹1,550–1,650) Why the Model is Robust: Order book provides high visibility for first 2–3 years.
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₹1.64k
FV
34.7% undervalued intrinsic discount
33.00%
Revenue growth p.a.
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Community Contributor
US$6.85FV • 64.1% undervalued intrinsic discount
73.0%Revenue growth p.a.
3.1k
7
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73
1mo ago

Ceinsys Tech Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Ceinsys Tech
Historical stock prices
Current Share Price₹1,073.55
52 Week High₹1,249.90
52 Week Low₹855.00
Beta-0.40
1 Month Change9.22%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO6.21%

Recent News & Updates

Ceinsys Tech Fair value at rs 1643

Ceinsys Tech Ltd (CEINSYS) – DCF Valuation (as of 12 March 2026)Using the two-stage Discounted Cash Flow (FCFF) model, I have calculated the intrinsic fair value based on the latest consolidated financials from Screener.in, company earnings releases, and the Q3 FY26 earnings call transcript (order book ₹999 Cr as of Dec 2025, management hint of FY26 revenue ~₹700 Cr+).Key Inputs (Latest Available): TTM Revenue: ₹632 Cr | FY25: ₹418 Cr 9M FY26 Revenue: ₹490 Cr | PAT: ₹96 Cr Order book: ₹999 Cr (strong 1.5x+ TTM sales visibility) EBITDA margin (recent): 21–23.5% Net debt: ~₹30 Cr (conservative; borrowings ₹75 Cr minus estimated cash) Shares outstanding: 17.85 million (1.785 Cr shares from ₹18 Cr equity capital at ₹10 face value) Beta: ~0.57 (low volatility) My Base-Case Assumptions (Balanced & Realistic): FY26E Revenue: ₹680 Cr (9M run-rate + Q4 momentum) 5-year explicit growth (FY27–FY31): 35% → 30% → 25% → 20% → 15% (tapered; supported by order book, geospatial infra boom at 20%+ national CAGR, and execution track record) EBITDA margin: 22% (FY26–28) → 23–23.5% (improving scale & mix) Depreciation: 2% of revenue Capex: 3.5% of revenue (low; management confirmed no major tech capex planned beyond opex for AI/ML) Δ Working Capital: 12% of incremental revenue (conservative allowance for 221 debtor days; assumes gradual normalisation) Tax rate: 25% WACC: 10.8% (Rf 6.8% + beta 0.57 × 7% ERP; debt weight negligible) Terminal growth: 4% (long-term India GDP/infra sustainable rate) Explicit period: FY26–FY30; Terminal Value at end-FY30 using perpetuity formula on FY31 FCFF Projected Financials & FCFF (₹ Cr): Year Revenue EBITDA Margin FCFF (Free Cash Flow to Firm) FY26E 680 22.0% 88.2 FY27E 918 22.0% 95.4 FY28E 1,193 22.0% 128.1 FY29E 1,492 23.0% 176.8 FY30E 1,790 23.0% 219.3 FY31E 2,059 23.5% 268.9 (for TV calc) Terminal Value (end-FY30): ₹4,112 Cr Enterprise Value: ₹2,962 Cr Equity Value: ₹2,932 Cr (after net debt) Fair Value per Share: ₹1,643 Upside from Current Price (₹1,000–1,037 range): 58–64% (base case).Sensitivity Analysis (Fair Value per Share): Conservative (WACC 11.5%, growth -5% pts, ΔWC 15%, EBITDA 21%): ₹1,250–1,320 Base (as above): ₹1,643 Optimistic (WACC 10.0%, growth +5% pts, ΔWC 8%, EBITDA 24%): ₹1,950–2,100 Alternative (Exit multiple 22x FY30 EBITDA instead of perpetuity): ~₹1,780–1,850 (aligns with some analyst models) Comparison with Other Methods (for cross-check): Current TTM P/E: 15.4x → Forward FY27E P/E ~10–11x (very attractive vs. IT/geospatial peers 20–25x) Historical median intrinsic models: ~₹1,246 Overall DCF range: ₹1,300–1,850 (central tendency ~₹1,550–1,650) Why the Model is Robust: Order book provides high visibility for first 2–3 years.

Recent updates

Ceinsys Tech Fair value at rs 1643

Ceinsys Tech Ltd (CEINSYS) – DCF Valuation (as of 12 March 2026)Using the two-stage Discounted Cash Flow (FCFF) model, I have calculated the intrinsic fair value based on the latest consolidated financials from Screener.in, company earnings releases, and the Q3 FY26 earnings call transcript (order book ₹999 Cr as of Dec 2025, management hint of FY26 revenue ~₹700 Cr+).Key Inputs (Latest Available): TTM Revenue: ₹632 Cr | FY25: ₹418 Cr 9M FY26 Revenue: ₹490 Cr | PAT: ₹96 Cr Order book: ₹999 Cr (strong 1.5x+ TTM sales visibility) EBITDA margin (recent): 21–23.5% Net debt: ~₹30 Cr (conservative; borrowings ₹75 Cr minus estimated cash) Shares outstanding: 17.85 million (1.785 Cr shares from ₹18 Cr equity capital at ₹10 face value) Beta: ~0.57 (low volatility) My Base-Case Assumptions (Balanced & Realistic): FY26E Revenue: ₹680 Cr (9M run-rate + Q4 momentum) 5-year explicit growth (FY27–FY31): 35% → 30% → 25% → 20% → 15% (tapered; supported by order book, geospatial infra boom at 20%+ national CAGR, and execution track record) EBITDA margin: 22% (FY26–28) → 23–23.5% (improving scale & mix) Depreciation: 2% of revenue Capex: 3.5% of revenue (low; management confirmed no major tech capex planned beyond opex for AI/ML) Δ Working Capital: 12% of incremental revenue (conservative allowance for 221 debtor days; assumes gradual normalisation) Tax rate: 25% WACC: 10.8% (Rf 6.8% + beta 0.57 × 7% ERP; debt weight negligible) Terminal growth: 4% (long-term India GDP/infra sustainable rate) Explicit period: FY26–FY30; Terminal Value at end-FY30 using perpetuity formula on FY31 FCFF Projected Financials & FCFF (₹ Cr): Year Revenue EBITDA Margin FCFF (Free Cash Flow to Firm) FY26E 680 22.0% 88.2 FY27E 918 22.0% 95.4 FY28E 1,193 22.0% 128.1 FY29E 1,492 23.0% 176.8 FY30E 1,790 23.0% 219.3 FY31E 2,059 23.5% 268.9 (for TV calc) Terminal Value (end-FY30): ₹4,112 Cr Enterprise Value: ₹2,962 Cr Equity Value: ₹2,932 Cr (after net debt) Fair Value per Share: ₹1,643 Upside from Current Price (₹1,000–1,037 range): 58–64% (base case).Sensitivity Analysis (Fair Value per Share): Conservative (WACC 11.5%, growth -5% pts, ΔWC 15%, EBITDA 21%): ₹1,250–1,320 Base (as above): ₹1,643 Optimistic (WACC 10.0%, growth +5% pts, ΔWC 8%, EBITDA 24%): ₹1,950–2,100 Alternative (Exit multiple 22x FY30 EBITDA instead of perpetuity): ~₹1,780–1,850 (aligns with some analyst models) Comparison with Other Methods (for cross-check): Current TTM P/E: 15.4x → Forward FY27E P/E ~10–11x (very attractive vs. IT/geospatial peers 20–25x) Historical median intrinsic models: ~₹1,246 Overall DCF range: ₹1,300–1,850 (central tendency ~₹1,550–1,650) Why the Model is Robust: Order book provides high visibility for first 2–3 years.

Shareholder Returns

CEINSYSIN ITIN Market
7D-1.0%-2.9%-0.7%
1Yn/a-21.8%3.9%

Return vs Industry: Insufficient data to determine how CEINSYS performed against the Indian IT industry.

Return vs Market: Insufficient data to determine how CEINSYS performed against the Indian Market.

Price Volatility

Is CEINSYS's price volatile compared to industry and market?
CEINSYS volatility
CEINSYS Average Weekly Movement10.2%
IT Industry Average Movement8.2%
Market Average Movement7.2%
10% most volatile stocks in IN Market10.2%
10% least volatile stocks in IN Market4.7%

Stable Share Price: CEINSYS's share price has been volatile over the past 3 months compared to the Indian market.

Volatility Over Time: Insufficient data to determine CEINSYS's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
19981,133Abhay Kimmatkarwww.cstech.ai

Ceinsys Tech Limited provides enterprise geospatial and engineering services in India and internationally. It offers geospatial data services, including GIS mapping, LiDAR, photogrammetry, and satellite imagery; feasibility modeling, predictive analytics and risk estimation, change management, and impact analytics; energy management, BIM, water management, and project management consultancy; modeling and reality capture services; enterprise integration and digital project management; and software solutions. The company also provides smart city solutions comprising connectivity and urban planning, energy and water management, and e-governance; disaster management, such as flood, fire, drought, earthquake/building collapse, and dashboard management system; smart vegetation management solutions; and spatial data infrastructure.

Ceinsys Tech Limited Fundamentals Summary

How do Ceinsys Tech's earnings and revenue compare to its market cap?
CEINSYS fundamental statistics
Market cap₹22.48b
Earnings (TTM)₹1.18b
Revenue (TTM)₹6.32b
19.0x
P/E Ratio
3.6x
P/S Ratio

Is CEINSYS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CEINSYS income statement (TTM)
Revenue₹6.32b
Cost of Revenue₹4.37b
Gross Profit₹1.96b
Other Expenses₹777.30m
Earnings₹1.18b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)56.42
Gross Margin30.97%
Net Profit Margin18.68%
Debt/Equity Ratio16.2%

How did CEINSYS perform over the long term?

See historical performance and comparison

Dividends

0.3%
Current Dividend Yield
9%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 02:30
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ceinsys Tech Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.