Why CE Info Systems Share Price is Falling

CE Info Systems, also known as MapmyIndia, provides digital maps and navigation solutions tailored for India, offering mapping and geospatial services.

MapmyIndia provides accurate mapping solutions tailored to India's unique and diverse geography.

The share price of CE Info Systems dropped 9% yesterday due to significant selling pressure.

Let's take a closer look at what's behind the CE Info Systems' share price slide.

#1 PhonePe Offloads Stake

CE Info Systems, the parent company of MapmyIndia, saw its share plummet nearly 9% on 12 June due to a large block deal involving a 5.3% stake sale by PhonePe.

In a block deal, 2.86 million (m) shares were traded at Rs 1,813.7 per share, valued at about Rs 5.2 billion (bn).

PhonePe currently holds 18.7% of MapmyIndia. The recent stake is notable, especially since it coincides with PhonePe's preparation for its own initial public offering (IPO).

PhonePe's CEO hinted that the company is ready to go public, sparking speculation that the recent MapmyIndia stake sale was a strategic step to prepare for it.

In the most recent quarter, CE Info Systems' net profit rose 28% YoY Q4FY25. Revenue grew 34.2% YoY, but its EBITDA margin declined slightly YoY to 34.4% from 37% due to operational pressures.

#2 FII Selling

Following FII buying in the September 2024 quarter, there was a turnaround in the December 2024 quarter as FIIs began reducing their stake.

Then FII holdings declined from 4.6% in December 2024 to 4.4% in March 2025.

This shift in institutional sentiment in the company could be one of the reasons for the share price decline.

What Next?

In January 2025, MapmyIndia and Qualcomm partnered to support the Make in India initiative, focusing on the automotive sector through technology collaboration.

Qualcomm and MapmyIndia will jointly offer automotive connectivity solutions and connected services for 2-wheelers and 4-wheelers, combining Qualcomm's Snapdragon Digital Chassis with MapmyIndia's expertise, catering to both Indian and global automakers.

CE Info Systems strong order book, high IP ownership and presence in growth areas like ADAS and EV provide long-term visibility.

Also, the company aims to reach Rs 10 bn in revenue by FY28, leveraging its vehicle digitalisation leadership in India.

CE Info Systems is also prioritising international expansion through its joint venture with Hyundai AutoEver. It plans to enter Southeast Asia first, followed by the Middle East and Africa.

The company plans to boost its B2C segment by investing in the gadgets space, aiming to enhance outreach and further improvement in MaymyIndia's service.

How CE Info Systems Share Price has Performed Recently

The recent sharp correction has contributed to the decline of about 15% in the company's share price this month.

Over the year, the share price is down 10%.

The stock touched its 52-week high of Rs 2,745.05 on 21 June 2024 and a 52-week low of Rs 1,514.7 on 4 December 2024.

About CE Info Systems

CE Info Systems was incorporated on 17 February 1995. The company is a data and technology products and platforms company. It offers proprietary digital maps as a service (MaaS), software as a service (SaaS), and platform as a service (PaaS).

It is India's leading provider of advanced digital maps, geospatial software, and location-based IoT technologies.

To know more about the company checkout CE Info Systems factsheet and quarterly results.

For a sector overview, read our software sector report.

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