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MapmyIndia: Investment in future at the cost of profitability; outlook positive

Nitin Agrawal   •

The company’s position as a leader in the mapping and geospatial technology industry, and its growing adoption by the government and industry players are the key drivers

We continue to like MapmyIndia and its leadership position in the rapidly growing industry. The stock now trades at an FY27 PE of 41.2x, which seems a fair level. Hence, we advise investors to accumulate it on market weaknesses

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Disclosure & Disclaimer

This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More