Builds digital maps, location-based software (APIs/SDKs) and an IoT-led telematics platform, selling them to automotive OEMs, enterprise and government clients, and consumers through the Mappls app. FY26 revenue of ₹474.1 crore came mainly from in-car navigation and map data licensing, enterprise IoT/telematics subscriptions, and government mapping projects. The IoT-led segment grew 35% YoY to ₹158.6 crore with FY26 segment margin of 16% (up from 14% in FY25) and Q4 at 33%. The Mappls consumer app crossed 45 million cumulative downloads, adding 10 million in FY26 alone. Backlog visibility is high, with an open order book of ₹1,750+ crore (including ₹780 crore of new FY26 orders and a government pipeline exceeding ₹200 crore). The biggest input cost is people: employee spend of ₹90.79 crore (19.1% of revenue), reflecting the software-product nature of the business. The company is debt-free and spent ₹42.4 crore on capex (8.9% of revenue) in FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Automotive / OEM, Enterprise & IoT-led, Government, Consumer (Mappls app). Asset-light, debt-free mapping and IoT software business with subscription-style IoT revenue.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 200 | 281 | 379 | 463 | 474 |
| EBITDA (ex other income) | 86 | 118 | 156 | 180 | 176 |
| margin % | 43.0 | 41.9 | 41.2 | 38.8 | 37.0 |
| Owners' profit | 87 | 107 | 134 | 147 | 134 |
| EPS, as reported (₹) | 16.34 | 19.99 | 24.78 | 27.05 | 24.56 |
| ROE % · ROCE % | 19.5 · 25.8 | 19.8 · 25.5 | 20.4 · 26.7 | 18.6 · 26.4 | 14.8 · 21.4 |
| Debt / equity (x) | 0.01 | 0.03 | 0.03 | 0.03 | 0.00 |
| Cash from operations | 29 | 90 | 76 | 113 | 93 |
| Capex | (4) | (15) | (27) | (49) | (42) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 104 | 115 | 144 | 122 | 114 | 94 | 145 | 140 |
| Profit before tax | 41 | 45 | 77 | 62 | 30 | 29 | 74 | 66 |
| Net profit | 30 | 32 | 49 | 46 | 19 | 19 | 51 | 50 |
| EPS (₹) | 5.58 | 5.96 | 8.93 | 8.48 | 3.32 | 3.43 | 9.28 | 9.09 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ORACLE FIN SERV SOFT LTD. | 1,02,338 | 30.0 | 13.08 | 26.9 | 33.7 | 43.2 | 9.0 | 62.5 |
| TANLA PLATFORMS LIMITED | 6,684 | 12.5 | 2.69 | 7.8 | 20.5 | 25.0 | 13.5 | 17.6 |
| C.E. INFO SYSTEMS LIMITED ◆ | 5,056 | 36.8 | 5.59 | 21.9 | 14.8 | 21.3 | — | 54.2 |
| CAPILLARY TECHNO INDIA L | 3,656 | 86.5 | 3.57 | 27.9 | 5.1 | 4.9 | — | 4.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 31 Aug 2026 · MapmyIndia partners with ClarityX to launch Geo-FI lending platform | compliance | low | — | — |
| 11 Aug 2026 · 31st AGM: All 5 resolutions passed; dividend cleared, Rohan Verma named Joint MD | board shareholder meetings | low | — | — |
| 11 Aug 2026 · MapmyIndia 31st AGM: 5 Resolutions Tabled Including Dividend and Director Appointment | board shareholder meetings | medium | — | — |
| 8 Aug 2026 · Q1FY27 transcript filed; revenue up 14.9%, EBITDA margin 40.2% | investor communications | medium | — | — |
| 6 Aug 2026 · MapMyIndia Q1 FY27 Results Published in Newspapers | compliance | minimal | — | — |
| 4 Aug 2026 · Q1FY27 Earnings Call Recording Uploaded | investor communications | low | — | — |
| 4 Aug 2026 · Chairman Rakesh Verma confirmed as Director on subsidiary Mappls DT board | management changes | medium | — | — |
| 4 Aug 2026 · MapmyIndia Q1FY27: Revenue up 14.9% to Rs 139.7 Cr, PAT up 8.6% | compliance | low | — | — |
| 4 Aug 2026 · MapmyIndia Q1FY27: Revenue up 15%, EBITDA margin dips to 40.2% | investor communications | medium | — | — |
| 4 Aug 2026 · Mappls Q1 FY27 profit rises 6 percent, revenue up 15 percent YoY | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| TECHNVISION VENTURES LTD. | 2,991 | 344.1 | 199.35 | 399.6 | 1.4 | 5.5 | 25.5 | (3.0) |
| RAMCO SYSTEMS LTD. | 2,239 | 53.6 | 6.33 | 14.7 | 11.9 | 11.0 | 2.3 | 16.0 |
| Mobavenue AI Tech Limited | 2,135 | 16.9 | 23.58 | 44.6 | 32.4 | 30.8 | — | 21.8 |
| NUCLEUS SOFTWARE EXPORTS | 1,828 | 17.3 | 2.01 | 10.4 | 12.9 | 15.2 | 11.3 | 16.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 36.8 | 19.0 | 31 of 41 | 25% |
| P/B | 5.6 | 1.6 | 31 of 38 | 19% |
| ROCE | 21.3 | 4.9 | 7 of 43 | 86% |
| ROE | 14.8 | 3.5 | 7 of 42 | 85% |
| Debt / Equity | 0.0 | 0.0 | 5 of 42 | 46% |
| EBITDA margin | 54.2 | 17.2 | 8 of 35 | 79% |
| Revenue growth | 14.9 | 9.7 | 15 of 33 | 56% |
| Profit growth | 8.6 | (12.0) | 18 of 41 | 58% |
| Market cap | 5056 | 38 | 3 of 44 | 95% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
