Genesys International Corp wins Rs 283 crore AMC order for Ahmedabad digital mapping
- Genesys International Corp received a Rs 283 crore order from Ahmedabad Municipal Corporation for digital mapping of 625 sq. km.
- The project involves surveying 25 lakh properties and creating a spatial database for civic assets over two-and-a-half years.
- This order follows a separate Rs 283 crore World Bank-funded GIS project in Ahmedabad, disclosed on the same date.
- Total disclosed order book for Q2FY27 includes these large inflows, contrasting with Rs 5.60 crore in Q1FY27.
- The company's current ratio of 2.61x supports liquidity for long-duration contract execution.
*this image is generated using AI for illustrative purposes only.
Genesys International Corp has received a work order worth Rs 283 crore from the Ahmedabad Municipal Corporation (AMC) to digitally map approximately 625 sq. km of Ahmedabad.
The project will cover the city's land parcels, properties, roads, water networks, sewerage systems, storm water drainage infrastructure, and other critical civic assets. As part of the initiative, around 25 lakh properties will be surveyed, geocoded, and assigned unique digital identities to create a comprehensive property-level spatial database. The execution period is set at two-and-a-half years.
Order Details and Scope
The AMC order is classified as Large and was disclosed to the exchange on September 24, 2026. It complements a previously reported Rs 283 crore order from the World Bank for developing a Geographic Information System (GIS) 3D digital map platform for Ahmedabad. Both projects aim to enhance urban planning and infrastructure management capabilities in the city.
| Date | Awarding Entity | Value (Rs Cr) | Classification | Scope |
|---|---|---|---|---|
| Sep 24, 2026 | Ahmedabad Municipal Corporation (AMC) | 283.00 | Large | Digital mapping of 625 sq. km; surveying 25 lakh properties |
| Sep 24, 2026 | World Bank | 283.00 | Large | GIS 3D digital map platform for urban planning |
| May 13, 2026 | National Mission for Clean Ganga | 2.80 | Significant | GIS related services; data collection and compilation |
| May 14, 2026 | National Mission for Clean Ganga | 2.80 | Significant | GIS related services; data collection and compilation |
Financial Context and Backlog
The Rs 283 crore AMC order represents a significant addition to the company's order book. Combined with the World Bank order, the total disclosed inflow for Q2FY27 stands at Rs 566.00 crore. This contrasts sharply with the Rs 5.60 crore inflow recorded in Q1FY27 from the National Mission for Clean Ganga.
The pre-computed Order Book Coverage metrics indicate that the total disclosed order book across the last three fiscal quarters amounts to Rs 288.60 crore, providing 3.22 quarters of coverage against the average quarterly revenue of Rs 89.63 Cr. Note that this metric reflects the sum of orders disclosed in the specific three-quarter window used for calculation, distinct from the immediate sum of the two latest large orders.
Company Order Track Record
Recent order inflows have been dominated by government and municipal sector projects. The shift from smaller significant orders to large-scale municipal contracts marks a change in project magnitude.
| Quarter | Total Order Inflow (Rs Cr) | Key Awarding Entities |
|---|---|---|
| Q2FY27 (Jul-Sep 2026) | 283.00 | World Bank |
| Q1FY27 (Apr-Jun 2026) | 5.60 | National Mission for Clean Ganga, Ministry of Jal Shakti |
Note: The AMC order is also dated Sep 24, 2026, falling within Q2FY27.
Execution Capacity and Financial Health
The company maintains a current ratio of 2.61x and a Total Liabilities/Equity ratio of 0.38x, suggesting adequate liquidity to fund working capital requirements for these long-duration contracts. Operating cashflow turned positive in FY26 at Rs 15.80 Cr, although free cashflow remains negative due to capital expenditure.
| Metric | FY26 | FY25 | FY24 |
|---|---|---|---|
| Operating CF (Rs Cr) | 15.80 | -52.90 | 19.10 |
| Capex (Rs Cr) | -37.00 | -14.50 | -42.90 |
| Free CF (proxy) (Rs Cr) | -21.20 | -67.40 | -23.80 |
Valuation and Market Context
As of September 24, 2026, the stock traded at a P/E of 60.5x with a Market Cap of Rs 1893.47 Cr. The Return on Capital Employed (ROCE) for FY26 stood at 8.07%. The valuation reflects market expectations regarding the execution of these newly secured large-scale projects.
Historical Stock Returns for Genesys International Corp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.10% | +0.66% | +60.34% | +73.77% | -20.58% | +145.62% |
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