MAPMYINDIA - Fundamental Analysis: Financial Health & Valuation
Back to ListFundamental Rating: 3.8
| Stock Code | MAPMYINDIA | Market Cap | 4,714 Cr. | Current Price | 861 ₹ | High / Low | 2,009 ₹ |
| Stock P/E | 34.2 | Book Value | 170 ₹ | Dividend Yield | 0.39 % | ROCE | 22.2 % |
| ROE | 16.0 % | Face Value | 2.00 ₹ | DMA 50 | 993 ₹ | DMA 200 | 1,330 ₹ |
| Chg in FII Hold | -0.75 % | Chg in DII Hold | 0.36 % | PAT Qtr | 46.6 Cr. | PAT Prev Qtr | 22.5 Cr. |
| RSI | 41.6 | MACD | -0.42 | Volume | 4,26,410 | Avg Vol 1Wk | 5,84,715 |
| Low price | 795 ₹ | High price | 2,009 ₹ | PEG Ratio | 3.16 | Debt to equity | 0.01 |
| 52w Index | 5.42 % | Qtr Profit Var | -4.64 % | EPS | 25.2 ₹ | Industry PE | 26.0 |
📊 Financial Overview: MapmyIndia (MAPMYINDIA) has a market cap of ₹4,714 Cr. Quarterly PAT stood at ₹46.6 Cr, up from ₹22.5 Cr, showing growth but with volatility. Debt-to-equity ratio is very low at 0.01, indicating negligible leverage. ROCE at 22.2% and ROE at 16.0% highlight strong efficiency. Cash flows remain supported by digital mapping and geospatial services, though profitability is uneven.
💹 Valuation Indicators: Current P/E of 34.2 is above the industry average of 26.0, suggesting slight overvaluation. P/B ratio is ~5.1 (861 ÷ 170), which is elevated. PEG ratio of 3.16 indicates expensive growth. Intrinsic value appears lower than current price, making the stock richly valued despite sector potential.
🏭 Business Model & Advantage: MapmyIndia operates in digital mapping, navigation, and geospatial solutions. Its competitive advantage lies in proprietary mapping technology, government contracts, and integration with automotive and logistics sectors. However, competition from Google Maps and other global players limits scalability.
📈 Entry Zone: A favorable entry zone would be around ₹820–850, closer to its recent low of ₹795. Current price of ₹861 is slightly above fair value, so accumulation is better on dips.
⏳ Long-Term Holding Guidance: MapmyIndia is structurally strong with niche technology, low debt, and growing demand for geospatial solutions. Long-term investors may hold for exposure to India’s digital infrastructure growth, but fresh entry should be cautious given premium valuations.
Positive
- 🌟 Strong ROCE (22.2%) and ROE (16.0%).
- 🌟 Debt-free balance sheet (Debt-to-equity 0.01).
- 🌟 DII holdings increased by 0.36%.
Limitation
- ⚠️ P/E (34.2) above industry average (26.0).
- ⚠️ Elevated P/B ratio (~5.1).
- ⚠️ PEG ratio of 3.16 indicates expensive growth.
Company Negative News
- 📉 FII holdings reduced by 0.75%.
- 📉 Technical weakness with RSI at 41.6 and MACD negative (-0.42).
Company Positive News
- 📈 Quarterly PAT growth from ₹22.5 Cr to ₹46.6 Cr.
- 📈 DII holdings increased by 0.36%.
- 📈 Strong demand outlook in geospatial and navigation services.
Industry
- 🏭 Digital mapping and geospatial industry is expanding with rising demand in automotive, logistics, and smart cities.
- 🏭 Industry P/E at 26.0 shows moderate valuation compared to MapmyIndia’s premium.
- 🏭 Competition remains strong from global players like Google Maps.
Conclusion
✅ MapmyIndia is a niche technology leader with strong efficiency, low debt, and growing demand for geospatial solutions. However, valuations are stretched and competition is intense. Suitable for long-term holding, with accumulation recommended around ₹820–850 levels.
For deeper insights, you could explore a peer comparison or a technical chart analysis to complement this fundamental view.