Ceinsys Tech Ltd(CEINSYS)

NSE: CEINSYSBSE: 538734

₹ 615.5-0.25%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 1,289 crWebsite: www.ceinsys.comUpdated: 27 Oct 2026

About

Ceinsys Tech Ltd (branded CS TECH Ai) is a 27-year-old integrated solutions provider in Geospatial, Engineering, Automotive, and IT sectors, serving 1,400+ domestic clients across government, PSU, and private segments. The company reported FY26 revenue of ₹660.7 cr and is listed on both BSE and NSE (dual-listed from February 2026). It operates two segments - Geospatial and Engineering Services (54.3% of FY26 revenue) and Technology Solutions (45.5%) - with offices in India, the US, the UAE, and Germany.^[1][2][3][4]

Business segments

Geospatial and Engineering Services: ₹358.87 cr revenue in FY26, 54.3% of total, EBIT margin 20.2%. In Q1 FY27, segment revenue grew 30% YoY to ₹94 cr.^[3][5]
Technology Solutions: ₹300.91 cr revenue in FY26, 45.5% of total, EBIT margin 29.6%. In Q1 FY27, segment revenue fell 25% YoY to ₹63 cr due to mix shift away from data-acquisition work.^[3][5]
Mobility and Product Solutions operate as a run-rate business (~₹150 cr annually in FY26) outside the formal order book, at margins of ~24 - 25%.^[6][7]

Services and product portfolio

Geospatial Services cover cadastral, terrain, mining, forest, agriculture, health, sanitation, and utility mapping; Web GIS solutions include decision-support systems and enterprise portals for municipal, utilities, and agriculture domains.^[1]
Expert Engineering Solutions span Non-Revenue Water consulting, SCADA and automation for water and power distribution, smart metering infrastructure (AMI), Roads DPRs, Road Asset Management, 5D BIM, and Project Management Consultancy.^[1]
New-age technology solutions include LiDAR data capture and processing, UAV photogrammetry, laser scanning and 3D modelling, Digital Twin engineering, and AI/ML-based solutions.^[1]
Automotive Engineering Services cover concept generation, detail design, CAE/FEA/CFD virtual verification, and change management for product engineering.^[1]
Product roadmap includes Scan2BIM (AI-powered point-cloud-to-BIM), DPMS (digital project management), CDE (document and model management), and AR/VR applications.^[1]

Certifications and IP

The company holds CMMI-DEV Level 5 certification and ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 20000-1:2018, and ISO 27001:2022 certifications as of FY26.^[1]
Two IPs had been filed for protection and were being applied in proof-of-concept and commercial environments as of FY26.^[1]

Key operating metrics

Order book stood at ₹990 cr at end of Q1 FY27, up from ₹876 cr at end of FY26 and ₹999 cr at end of Q3 FY26, after executing ₹157 cr of revenue in Q1 FY27.^[5][6][4]
Q1 FY27 new order inflows of ₹143 cr were described as the highest in recent quarters; full-year FY26 new order intake was ~₹350 cr.^[5][6]
Revenue per employee improved from ~₹24 lakh in FY24 to ~₹55 lakh in FY26, reflecting a shift toward higher-value solution segments.^[6]
Net working capital cycle stood at 164 days in Q1 FY27, broadly in line with the 157 - 164 day range seen over the prior three quarters.^[5][6]
Infrastructure assets digitally analysed and optimised: 2.2 million sq. ft. as of FY26.^[1]

Customers and geographic reach

The company serves 1,400+ domestic clients; key government and PSU customers include MHADA, MMRDA, MPVAD, SWSM Uttar Pradesh, MAHATRANSCO, CSPDCL, TPCODL, and ISRO; private clients include Adani Group.^[1]
Government revenue mix was ~70% of total as of FY26; management targets reducing this below 50% within 2 - 3 years.^[6]
International operations include a US subsidiary (VTS) with FY26 revenue of ~₹7 - 8 cr; offices also in the UAE and Germany; business development presence being established in Saudi Arabia and Dubai.^[1][6]
MOUs signed with Tech Mahindra (telecom, utility, content capture in US, Australia, Europe) and Aetosky Singapore (AI image interpretation in Middle East, South Asia, India) during Q3 FY26.^[4]

Expansion and new ventures

Board approved a 50-50 JV with AI Fabric USA Inc. to build a sovereign AI/NEO cloud in India targeting defense and government, with total investment up to ₹25 cr (Phase 1: ₹5 cr for incorporation; Phase 2: ₹20 cr post-due-diligence).^[5]
The sovereign AI cloud JV will offer GPU-as-a-service, model-as-a-service, and AI-as-a-service; business model expected to be finalized within 3 - 4 months of Q1 FY27 close; revenue expected from FY28.^[5]
IP development budget of ₹12 - 15 cr earmarked for three major identified IP projects in FY27, all to be expensed through the P&L.^[6]
Additional acquisitions in geospatial, mobility, and tech domains under evaluation; must be margin-accretive; management expected to provide visibility shortly after Q4 FY26 call.^[5][6]

Recent orders and developments

Received Letter of Intent from MP Urban Administration for PMAY beneficiary-led construction (manpower agency), contract value ~₹67 cr over 3 years, announced Q1 FY27.^[5]
Received Letter of Intent from Bhandara Municipal Council for supply and installation of AMR water meters (ultrasonic/electromagnetic) under AMRUT 2.0, order value ₹17 cr over 12 months, announced Q1 FY27.^[5]
Maharashtra government issued a GR to disburse funds for IoT/JJM-related project dues (~₹100 cr unbilled), expected to reduce working capital cycle materially over Q2 - Q4 FY27.^[5]
US subsidiary VTS secured the Georgia Land Information System contract (~₹22 cr) and a hybrid power transfer case beta development order (~₹4 cr) in Q1 FY27.^[6][1]
Company dual-listed on NSE on 19 February 2026 (ticker: CEINSYS); all outstanding warrants were converted, increasing paid-up equity capital from ₹17.84 cr to ₹20.94 cr.^[4][1]

Market Cap

₹1,289 Cr

High / Low

₹1,250 / 608

Stock P/E

9.0

Price / Book

1.9

Book Value

₹321

EPS

₹63.7

No. of Shares

2.09 Cr

ROCE

27.6%

ROE

24.6%

OPM

22.4%

Debt / Equity

0.07

Sales

₹661 Cr

Net Profit

₹133 Cr

Promoter holding

50.9%

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Ceinsys Tech Ltd(CEINSYS)

About

Business segments

Services and product portfolio

Certifications and IP

Key operating metrics

Customers and geographic reach

Expansion and new ventures

Recent orders and developments

Signal history

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