Ceinsys Tech financials and balance sheet

NSE: CEINSYSBSE: 538734IT - ServicesSmall Cap

₹616.35₹31.40 (4.85%)BSE ₹617.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹647.75.

52-week range of BSE trades to 23 Oct 2026

₹608.00Low, 23 Oct 2026₹1,518.00High, 23 Oct 2025

Market cap: ₹1,290 Cr1,217th largest listed
P/E: Owners' profit not stated
P/B: 1.9
Dividend yield: 0.57%
ROCE: 19.8%
Debt to equity: 0.07
Volume, NSE: 69,44043.6% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Ceinsys Tech annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹661 Cr, year to Mar 2026

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 0.7% of operating profit in the first full year.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue661
Materials and goods−53
Employee costs−135
Other expenses−327
Operating profit146
Depreciation−11
Other income+17
One-off items−1.2
Finance costs−6.3
Profit before tax144
Tax−23
Joint ventures+12
Net profit133

What the company owns

Receivables₹468 Cr
Cash and bank₹292 Cr
Plant, investments and other assets₹169 Cr
Inventory₹1 Cr

What pays for it: net worth and liabilities

Net worth₹673 Cr
Owed to suppliers₹156 Cr
Other liabilities₹55 Cr
Borrowings₹47 Cr

Ceinsys Tech business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.Ceinsys Tech segment results by quarter

Revenue by segment

₹661 CrTotal

Geospatial and engineering services₹359 Cr54.3% of total
Technology solutions₹301 Cr45.5% of total
Others₹1 Cr0.1% of total

Profit by segment

Geospatial and engineering services₹72.5 Cr44.8% of total
Technology solutions₹89.2 Cr55.1% of total
Others₹0.2 Cr0.1% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Geospatial and engineering services
Revenue, ₹ crore
204
359
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
42
73
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Technology solutions
Revenue, ₹ crore
213
301
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
60
89
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Others
Revenue, ₹ crore
1
1
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
1
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	176	197	185	203	219	253	418	661
Company revenue, as in its results	176	197	185	203	219	253	418	661
Revenue	–	–	–	–	–	–	204	359
Revenue growth	–	–	–	–	–	–	–	76.0%
Profit	–	–	–	–	–	–	42	73
Profit growth	–	–	–	–	–	–	–	72.1%
Margin	–	–	–	–	–	–	20.7%	20.2%
Return on capital	–	–	–	–	–	–	24.7%	31.1%
Assets	–	–	–	–	–	–	186	299
Liabilities	–	–	–	–	–	–	15	66
Capital employed	–	–	–	–	–	–	170	233
Revenue	–	–	–	–	–	–	213	301
Revenue growth	–	–	–	–	–	–	–	41.1%
Profit	–	–	–	–	–	–	60	89
Profit growth	–	–	–	–	–	–	–	47.8%
Margin	–	–	–	–	–	–	28.3%	29.6%
Return on capital	–	–	–	–	–	–	90.4%	75.9%
Assets	–	–	–	–	–	–	105	204
Liabilities	–	–	–	–	–	–	38	86
Capital employed	–	–	–	–	–	–	67	117
Revenue	–	–	–	–	–	–	1	1
Profit	–	–	–	–	–	–	1	0
Margin	–	–	–	–	–	–	91.9%	16.3%
Return on capital	–	–	–	–	–	–	21.0%	4.5%
Assets	–	–	–	–	–	–	4	3
Liabilities	–	–	–	–	–	–	0	0
Capital employed	–	–	–	–	–	–	4	3
Revenue	161	176	162	174	179	213	–	–
Revenue growth	–	9.7%	−8.3%	7.9%	2.7%	18.7%	–	–
Profit	26	52	18	26	39	45	–	–
Profit growth	–	101.9%	−64.9%	39.5%	54.1%	14.7%	–	–
Margin	16.1%	29.6%	11.3%	14.6%	22.0%	21.2%	–	–
Return on capital	19.7%	38.8%	14.0%	19.4%	23.9%	36.4%	–	–
Assets	180	185	199	181	203	177	–	–
Liabilities	49	50	68	49	39	53	–	–
Capital employed	131	134	131	132	164	124	–	–
Revenue	14	19	22	26	38	38	–	–
Revenue growth	–	35.0%	15.2%	20.6%	46.1%	0.0%	–	–
Profit	0	1	2	1	6	6	–	–
Profit growth	–	519.5%	43.2%	−39.8%	368.7%	−2.8%	–	–
Margin	1.6%	7.4%	9.2%	4.6%	14.8%	14.4%	–	–
Return on capital	6.2%	18.7%	43.4%	33.8%	–	131.3%	–	–
Assets	6	8	6	8	9	15	–	–
Liabilities	3	0	1	5	10	11	–	–
Capital employed	4	8	5	4	−1	4	–	–
Revenue	2	2	2	2	2	2	–	–
Revenue growth	–	–	−20.6%	–	−10.1%	–	–	–
Profit	1	1	1	1	1	1	–	–
Profit growth	–	–	−43.1%	–	22.3%	–	–	–
Margin	37.4%	49.5%	35.5%	31.9%	43.3%	56.3%	–	–
Return on capital	5.5%	10.2%	6.0%	7.7%	10.9%	25.1%	–	–
Assets	12	11	11	9	8	4	–	–
Liabilities	0	0	0	0	0	0	–	–
Capital employed	12	11	11	9	8	4	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Ceinsys Tech quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 21 May	Mar 2020Filed 26 Jun	Mar 2021Filed 21 May	Mar 2022Filed 16 Jun	Mar 2023Filed 26 May	Mar 2024Filed 26 Jun	Mar 2025Filed 10 Jun	Mar 2026Filed 14 May
Revenue from operations	168	141	176	197	185	203	219	253	418	661
	130	121	154	149	169	181	188	209	340	515
Materials and goods bought	63	33	12	15	17	22	30	30	36	53
Employee costs	30	42	41	35	29	36	82	89	124	135
Other expenses	38	46	101	98	123	122	76	90	180	327
Operating profit before depreciation	38	20	23	49	16	22	32	44	78	146
Operating margin	22.6%	14.1%	12.8%	24.7%	8.6%	10.9%	14.5%	17.4%	18.7%	22.1%
Materials, % of revenue	37.3%	23.6%	6.6%	7.7%	9.3%	11.1%	13.7%	11.9%	8.5%	8.0%
Employee costs, % of revenue	17.6%	29.6%	23.1%	17.9%	15.6%	17.8%	37.4%	35.2%	29.7%	20.4%
Other expenses, % of revenue	22.6%	32.7%	57.5%	49.7%	66.4%	60.1%	34.4%	35.4%	43.1%	49.5%
Depreciation and amortisation	4	4	4	4	3	3	4	5	8	11
Operating profit after depreciation	34	16	18	45	13	19	27	39	70	135
Other income	1	3	3	2	2	2	2	4	12	17
Finance costs	15	15	16	16	12	9	8	5	3	6
Profit before one-off items and tax	20	3	5	31	2	12	21	38	79	145
One-off items	0	2	0	0	0	2	0	0	0	−1
Profit before tax	20	5	5	31	2	13	21	38	79	144
	5	1	2	9	0	4	−2	15	26	23
Current tax	5	1	1	9	2	5	4	17	32	40
Deferred tax	0	0	0	−1	−2	−1	−6	−2	−5	−17
Share of profit of joint ventures and associates	–	–	–	–	–	–	8	12	11	12
	15	5	3	22	2	10	31	35	63	133
Belonging to the company's shareholders	15	5	3	22	2	9	31	35	63	–
Belonging to outside owners of subsidiaries	–	–	0	0	–	0	–	–	–	–
Other comprehensive income	–	–	0	0	0	0	2	0	0	0
Total comprehensive income	–	–	3	22	2	9	33	35	64	134
Net margin	8.9%	3.2%	2.0%	11.2%	1.1%	4.7%	14.1%	13.8%	15.1%	20.2%
Net margin without joint ventures and associates	–	–	–	–	–	–	10.5%	9.2%	12.6%	18.4%

Belonging to the company's shareholders is left blank for the year to Mar 2026: the filing's earnings per share does not match the profit it states, and cannot be multiplied back into the owners' profit because the share count moved by more than 5% across the period.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 21 May	Mar 2020Filed 26 Jun	Mar 2021Filed 21 May	Mar 2022Filed 16 Jun	Mar 2023Filed 26 May	Mar 2024Filed 26 Jun	Mar 2025Filed 10 Jun	Mar 2026Filed 14 May
	71	90	89	171	198	234	412	673
	71	90	89	163	198	234	412	673
Share capital	11	11	11	15	15	16	17	21
Reserves	60	79	78	147	183	218	394	652
Belonging to outside owners of subsidiaries	0	–	–	8	0	0	0	0
	118	95	85	60	55	7	41	47
Repayable after a year	4	3	1	0	1	1	1	3
Repayable within a year	114	92	84	60	54	6	40	44
	178	157	165	128	112	88	158	244
Trade payables	51	51	65	46	33	50	75	156
Other financial liabilities	8	7	9	8	8	12	19	21
Other liabilities	3	5	6	11	14	17	5	7
Provisions	1	1	1	2	3	3	4	8
Tax owed	0	–	–	–	0	0	16	9
	5	3	1	2	2	4	8	12
Other financial liabilities	1	0	0	1	1	2	6	7
Provisions	0	0	0	0	0	1	1	2
Deferred tax	0	–	–	–	0	0	0	0
	254	250	255	300	313	326	578	930
Held for sale or for a demerger	–	–	–	–	3	0	–	–
	44	42	35	80	89	97	132	149
Plant in use, after depreciation	27	24	22	24	20	24	45	46
Plant being built	0	–	–	–	0	0	1	0
Intangible assets	1	1	1	1	0	0	8	12
Goodwill	0	0	0	20	20	20	26	27
Intangible assets being developed	0	–	–	–	0	0	2	1
Property held to earn rent	0	–	–	–	0	0	1	1
Investments	0	0	0	19	26	27	22	23
Loans given	1	0	0	0	3	0	0	0
Other financial assets	2	5	3	5	6	2	8	12
Deferred tax	2	2	3	3	9	11	16	26
Trade receivables	3	1	3	4	2	3	2	1
Other assets	9	8	2	5	2	11	1	1
	210	208	220	220	221	229	446	781
Inventories	1	8	3	1	4	1	1	1
Trade receivables	113	111	125	85	159	167	253	468
Cash and cash equivalents	0	1	0	14	32	11	12	7
Other bank balances	17	10	10	13	11	18	150	285
Current investments	0	0	0	0	0	17	0	0
Loans given	6	3	2	0	0	0	0	0
Other financial assets	69	69	71	99	2	3	5	7
Tax paid in advance	1	1	3	3	5	6	8	5
Other assets	3	6	7	6	6	6	16	9
Net debt	101	85	75	34	12	−39	−122	−245

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 21 May	Mar 2022Filed 16 Jun	Mar 2023Filed 26 May	Mar 2024Filed 26 Jun	Mar 2025Filed 10 Jun	Mar 2026Filed 14 May
	23	26	47	49	6	3
	19	33	56	69	14	37
	−3	5	8	21	−90	−120
Receivables	−23	47	20	−9	−92	−222
Inventories	5	2	−3	4	0	0
Payables	17	−23	−9	18	31	92
Other working capital	−1	−22	0	8	−29	11
Tax paid	3	−6	−9	−20	−9	−36
Capital spending	0	2	3	5	22	14
Free cash flow	23	24	44	44	−16	−10
	1	−1	−9	−5	−53	−126
Plant and property sold	0	0	1	3	1	2
Companies bought	0	0	−12	0	−15	0
Interest received	1	1	1	2	5	10
Dividends received	0	0	0	12	15	10
	−24	−21	−20	−65	49	117
Borrowings raised	0	0	1	0	36	0
Borrowings repaid	−10	−26	−7	0	0	−1
Interest paid	−12	−8	−9	−5	−1	−6
Lease payments	0	0	−1	−2	−4	−3
Dividends paid	3	3	3	3	4	6
Shares bought back	0	0	0	0	0	0
Shares issued	0	11	0	1	62	130
Net change in cash	0	4	18	−21	1	−5

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Ceinsys Tech dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 21 May	Mar 2020Filed 26 Jun	Mar 2021Filed 21 May	Mar 2022Filed 16 Jun	Mar 2023Filed 26 May	Mar 2024Filed 26 Jun	Mar 2025Filed 10 Jun	Mar 2026Filed 14 May
Earnings per share	₹16.43	₹4.32	₹3.10	₹19.92	₹1.79	₹8.12	₹20.02	₹22.52	₹37.37	₹74.76
Diluted earnings per share	₹16.31	₹4.31	₹3.10	₹19.92	₹1.79	₹8.12	₹20.02	₹22.52	₹35.27	₹67.87
Dividend per share	–	–	–	–	–	–	–	–	–	₹3.50
Book value per share	–	–	₹63.49	₹80.92	₹80.18	₹105.54	₹128.51	₹143.27	₹236.17	₹321.46
Shareholder yield	–	–	–	–	2.0%	−4.8%	1.8%	0.2%	−2.4%	−6.6%
Market cap at the year end (₹ crore)	126	190	118	92	138	178	196	908	2,376	1,868

Ratios

Consolidated, years to March.Ceinsys Tech PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 21 May	Mar 2020Filed 26 Jun	Mar 2021Filed 21 May	Mar 2022Filed 16 Jun	Mar 2023Filed 26 May	Mar 2024Filed 26 Jun	Mar 2025Filed 10 Jun	Mar 2026Filed 14 May
Revenue growth	26.8%	−16.4%	25.4%	11.9%	−6.2%	9.5%	8.2%	15.2%	65.3%	58.0%
Operating profit growth	68.0%	−47.8%	14.3%	115.4%	−67.3%	38.8%	42.9%	38.9%	77.0%	87.2%
Net profit growth	230.6%	−69.7%	−23.9%	543.5%	−91.0%	377.4%	224.5%	13.3%	80.7%	111.0%
Earnings per share growth	229.3%	−73.7%	−28.2%	542.6%	−91.0%	353.6%	146.6%	12.5%	65.9%	100.1%
	–	–	4.9%	27.5%	2.2%	7.3%	17.1%	16.2%	19.6%	–
	–	–	–	22.7 pts	−25.3 pts	5.1 pts	9.8 pts	−0.9 pts	3.4 pts	–
From the net margin	–	–	–	23.0 pts	−24.9 pts	7.1 pts	15.4 pts	−0.3 pts	1.5 pts	–
From asset turnover	–	–	–	3.6 pts	−0.2 pts	0.0 pts	−0.5 pts	1.8 pts	3.0 pts	–
From borrowing	–	–	–	−3.9 pts	−0.2 pts	−2.0 pts	−5.1 pts	−2.4 pts	−1.1 pts	–
Return on capital employed	–	–	9.7%	24.3%	7.2%	8.3%	10.8%	16.2%	15.4%	18.7%
Cash conversion	–	–	–	–	1,139.1%	277.3%	152.1%	140.1%	9.0%	2.6%
Interest cover	2.2	1.0	1.1	2.8	1.1	2.1	3.2	8.3	27.7	21.3
Debt to equity	–	–	1.67	1.06	0.96	0.35	0.28	0.03	0.10	0.07
Receivable days	–	–	233	205	247	153	265	240	221	259
Inventory days	–	–	17	191	67	16	53	8	5	6
Payable days	–	–	1,610	1,230	1,366	752	403	610	766	1,076
Cash conversion cycle, days	–	–	−1,359	−834	−1,053	−584	−85	−362	−540	−812
Working capital days	–	–	267	245	256	226	198	145	144	159
Asset turnover	–	–	0.69	0.78	0.73	0.73	0.72	0.79	0.93	0.88
Assets per rupee of net worth	–	–	3.58	3.13	2.82	2.20	1.70	1.48	1.40	1.39
Sales per rupee of plant	–	–	6.58	8.13	8.52	8.45	11.03	10.63	9.35	14.47
Capital spending to depreciation	–	–	–	–	0.00	0.75	0.60	0.98	2.66	1.19
Plant being built, % of plant in use	–	–	0.0%	–	–	–	0.0%	0.0%	1.8%	0.0%

No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Cash from operations against operating profit: 2.4%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	17.4%	29.0%	44.4%
Return on equity, average	–	15.0%	17.9%
Return on capital employed, average	–	13.9%	16.8%
Operating margin, average	16.6%	16.7%	19.4%
Net margin, average	9.4%	13.6%	16.4%
Asset turnover, average	–	0.81	0.86
Cash conversion cycle, days, average	–	−476	−571
Interest cover, average	7.1	12.5	19.1
Debt to equity, average	–	0.17	0.07

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	132	58	3
Cash from investing	−194	−184	−126
Cash from financing	60	101	117
Capital spending	45	40	14
Dividends paid	19	13	6
Shares bought back	0	0	0
Shares issued for cash	204	193	130
Borrowings raised	–	–	0
Borrowings repaid	35	1	1

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	6	7	6	8	7	5
Altman Z-scorePublished threshold 1.1	–	–	2.57	4.20	3.37	5.51	6.63	8.56	9.05	9.91
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.86	−2.25	−1.99	−2.67	−1.75	−1.30
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−8.51	−5.62	−2.47	−2.78	24.43	33.98
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	2.27	1.62	0.79	0.25
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	−13.83	19.47	−41.80	79.56	−10.74	−13.24	26.77
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	1,294.76	−74.32	−99.82	322.63	−85.72	−37.76	12.57
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	1.29	2.23	13.51	−42.70	0.72	3.34	−1.45
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	–	–	0.00	0.00	0.03	0.00
Effective tax ratePublished threshold 17.16 per cent	24.78	11.38	31.29	27.86	18.14	29.37	−9.34	38.74	33.33	15.70
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	−17.30	−50.99	−13.62	22.20	−8.97

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
16 Sep 2026	CARE Ratings Limited (opens in a new tab)	Non-fund-based - ST-Bank Guarantee	CARE A3+Review, Upgrade		80
16 Sep 2026	CARE Ratings Limited (opens in a new tab)	Fund-based - LT-Cash Credit	CARE BBB+Review, Upgrade	Stable	80

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.