Ceinsys Tech Limited | Large Order Win Worth ₹330 Cr

Ceinsys Tech announced that it had received a work order worth ₹330 Cr from the State Water and Sanitation Mission (SWSM) under the Water Supply and Sanitation Department (WSSD), Government of Maharashtra. This project aims to implement water supply and sanitation initiatives in 18 districts across Nashik, Amravati, and Chhatrapati Sambhaji Nagar regions of Maharashtra.

𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

- 4-year operating profit uptrend

- 4-quarter operating profit uptrend

- PE ratio: 65.7x (sector range: 30-50)

- Fundraise

- Large order wins

- Order book: ₹1,210 Cr (Sep-24), 4x of TTM revenue

- New-age IT solutions

𝗙𝘂𝘁𝘂𝗿𝗲 𝗢𝘂𝘁𝗹𝗼𝗼𝗸:

As per the Q2FY25 con call, Ceinsys Tech has provided revenue guidance of ₹1,000 Cr (73% CAGR) over the next 2-3 years, based on the current order book of ₹1,210 Cr.

𝗞𝗲𝘆 𝗠𝗲𝘁𝗿𝗶𝗰𝘀:

- Market capitalization: ₹2,987 Cr

- Share price: ₹1,712 (as of 3rd Dec '24)

- TTM PE ratio: 65.7x (as of 3rd Dec '24)

- Retail float: 23.2% (Sep-24)

𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗗𝗲𝘀𝗰𝗿𝗶𝗽𝘁𝗶𝗼𝗻:

Established in 1998, Ceinsys Tech Limited is a pioneer in leveraging smart technology and analytics to deliver new-age solutions in the geospatial and engineering domains. The company's service offerings include:

- Geospatial Services

- Risk Analytics

- Engineering Support

- Digital Enterprise

- Consulting Services

- Software Solutions

These services cater to various industries, such as:

- Water

- Oil & Gas

- Energy

- Telecom

- Transport