: 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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