MAPMYINDIA looks good if invested long

CE Info Systems Ltd (NS:CEIF) (formerly known as C.E. Info Systems Pvt. Ltd.) and popularly known as MAPMYINDIA. MAPMYINDIA is the world's leading provider of digital maps, geospatial software & location-based IoT technologies. MAPMYINDIA maps and location technologies are touching hundreds of millions of lives every day, through their customers across global tech giants, new-age consumer internet technology companies, leading automotive manufacturers, large businesses across industry segments such as BFSI, telecom, FMCG, industrials, logistics and transportation, and key government organizations.

MAPMYINDIA's navigation software is used across the automotive industry, and handset industry and is also available on various online mobile markets/stores.

Homegrown navigation firm MAPMYINDIA has collaborated with India's space agency ISRO which will enhance the quality of its 3D maps. The company is developing new maps as part of its foray into the metaverse.

The benefits of MAPMYINDIA are as follows:

·   Map Data. Location data reflects the real world.
·   Geo-demographic Data. Updated, reliable, industry data.
·   360° panoramic street images.
·   Map Portal. India's original internet mapping portal.
·   eLoc. Doorstep digital address system.
·   High precision 4D maps.
·   Metaverse 4D Maps. Immersive maps reflect the real world.

Maps are the most effective way to create, organize, record, communicate, visualize, and analyze location and spatial characteristics information. Mappls' rich mapping data library powers the creation of high-quality, nationwide map datasets, using state-of-the-art mapping technology that captures, analyses and publishes the world in 3D and 360-degree photo-realistic clarity. This map-making process combines the most sophisticated, cutting-edge technologies and traditional, proven methods for any geography.

Based on the information and personal use experience, it is suggestive that Mappls by MAPMYINDIA is a better choice for Indian users and Google (NASDAQ:GOOGL) Maps is more useful outside India due to the limited reach of Mappls.

MAPMYINDIA's cloud mapping services are also used by many developers and tech companies in India such as PhonePe, Paytm (NS:PAYT), Amazon (NASDAQ:AMZN), Alexa voice, Flipkart, Uber, Ola Cabs, Blinkit, etc.
MAPMYINDIA's navigation software is used across the automotive industry, and handset industry and is also available on various online mobile markets/stores. All smartphones in India will have to support the government's Indian Regional Navigation Satellite System, commonly known as NavIC, by the end of 2025.

To meet the positioning, navigation and timing requirements of the nation, ISRO has established a regional navigation satellite system called Navigation with Indian Constellation (NavIC). NavIC was erstwhile known as the Indian Regional Navigation Satellite System (IRNSS).

The NAVIC satellite navigation system is used by Mappls by MAPMYINDIA, an Indian competitor to Google Maps, for precise positioning and timing. NAVIC offers a positioning accuracy of 3 meters, depending on the signal strength and availability of satellites. GPS, on the other hand, has an accuracy of 5 meters.

It has collaborated with India's space agency ISRO which will enhance the quality of its 3D maps. The company is developing new maps as part of its foray into the metaverse.

MAPMYINDIA combine data and technology to build proprietary products and platforms that offer
- Digital Maps as a Service (Maas) Solutions
- Software as a service (Saas) Solutions
- Platform as a service (Paas) Solution MAPMYINDIA

MAPMYINDIA Products are as follows:
-   Digital Map & Geospatial Data
-   Field workforce Automation
-   Location-based Consumer Apps and IoT Gadgets

MAPMYINDIA Products and platforms are as follows:
- GIS, Geospatial analytics & Geo-AI
- Location-based IoT Fleet Management
- Developers APIs and SDKs

MAPMYINDIA Year of birth is 1995. MAPMYINDIA has 1000+ team strengths, 2000+ enterprise customers, 6.29+ million Kilometers of roads mapped, 17.79+ million Places mapped and 14.51+ million addresses captured.

As of 09.02.2024, the shareholding pattern of MAPMYINDIA shows that the promoter holds 52.91% of shares, Public Shares holding is 47.09%. MAPMYINDIA is currently available at a face value of INR 2. Yesterday's close price of MAPMYINDIA was INR 1899.70 its EPS TTM is 23.55 and it is trading at a PE of 80.68. MAPMYINDIA 52 Week High price was INR 2340.00 and 52 Week Low price was INR 983.45.

MAPMYINDIA's future looks bright if the future scenario is positive. And if investors take interest to remain invested for long-term about 15 years then it may perform better. MAPMYINDIA may show good growth, EPS, dividend and bonus benefits if invested. A self-quarterly risk management study is required.