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Adding more to above notes:

Couple of data point which was missing in notes:
•⁠ ⁠Company would be disappointed if they do not have a orderbook of 1500-2000 cr odd in 2 years time (Current orderbook – 550 cr)
•⁠ ⁠Geospatial policy envisages that India would have Digital Twin mapping by 2035. Company has already been working on this. Company approached Survey of India to partner with them so that it would give lot of comfort at B2G level. Two fold benefit – 1) Leverage some of SoI infra 2) Work gives lot of comfort to some in Govt of India from Data Compliance etc
•⁠ ⁠Planning to launch one vertical every quarter – (Utility, location intelligence)
•⁠ ⁠Google map/Ola map reduced their prices drastically. This has minimal impact on the company
•⁠ ⁠5000 urban bodies in the countries. Most of them lack proper map data. Ideally it is supposed to be job of SoI. Indian private sectors are trying to fill this role so it is a huge opportunity. Expecting multiple city projects in FY25/FY26 (in double digit but smaller bodies)
•⁠ ⁠BMC contract – material part of contract will be finished in current year.

: Ceinsys 2024 AGM notes:

Hardik Jain
1. Order book ?- 750 crores , 18-24 months timeline.
2. Allygrow allygram what do they do ? – design for GM for 4wheelers and off road vehicles , 30% is held by Grammar.
3. Unbilled revenue ? : work is done and invoice yet to raised, its normal and will be seen qoq.
4. Growth ?- cant answer, but in fy24 grew 54% , q1fy25 grew by 54%, so there is going to be growth but no more comments on numbers

2nd speaker:
Acquisition: nothing yet, will inform .

Data centre : not into EPC, not going to spend capex to setup DC, design and maintain DC. 25-30% growth as per reports of 3rd party.
We have expertise. We will hire more ppl. No capex. Will be giving services only not EPC.

Outlook : no guidance,  but see the past year we are growing well. 
Margins : cant give exact margins, expect margins to sustain or increase . Margins good as we are matured in the industry. We will target higher margin orders in future.

500 cr topline : cant answer.
Mainly GiS and tech solutions, 70% geospatial ( in water management )
Order pipeline : additional 200-400 crore possible on top of 750 cr.
Gis: CEinsys 5% market share in India . mobility : 1-2% market share in India, tata and lot Kpit top competitors.
Gis Genesis rmsis, sic etc top competitors.
Gm and Grammar 30% revenues for ally.

Govt initiates on water, land mapping etc on Gis in budget. Total outlay of these schemes 113,000 crores, Ceinsys is major beneficiary.
US acq : US geospatial market, telecom market. More ppl in US now hired.
Cant give numbers on US.
Roadmap : Within 3 yrs 28-29 million n USD for ACQ , care edge will monitor the fund utilisation.

Keshav Garg :
Trade Rx : below 75 crore now. Risk for more than 6 months ones, no risk they will be paid as centre and state release the funds.
Bad debts : provision is made for accounting, but we will recover it.
Q4 will be heavy due to govt orders.
CAdsys not a competition.
Fy25: no significant capex. Will be met through operational inflow. Will be debt free.

Manish Gupta:
What has changed ? We are matured and able to serve higher level , can deliver full end to end solution rather than piecemeal.
Reason for order-book build up : technically capable now as we are matured.

Girish Gupta:

DC : same as above.

MegNext : developing the in house product .

Notes i took for self, pls dont treat this as transcript of agm from Ceinsys management. There would be lot of errors on my notetaking.
Disclosure: Holing and have added more in last 30 days.

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