Capital Markets
Valuation | |
|---|---|
| Market Cap | 16.16 kCr |
| Price/Earnings (Trailing) | 34.8 |
| Price/Sales (Trailing) | 10.57 |
| EV/EBITDA | 22.69 |
| Price/Free Cashflow | 52.86 |
| MarketCap/EBT | 26.45 |
| Enterprise Value | 16.15 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 1.53 kCr |
| Rev. Growth (Yr) | 4.8% |
| Earnings (TTM) | 459.38 Cr |
| Earnings Growth (Yr) | 0.40% |
Profitability | |
|---|---|
| Operating Margin | 40% |
| EBT Margin | 40% |
| Return on Equity | 37.74% |
| Return on Assets | 26.61% |
| Free Cashflow Yield | 1.89% |
Growth & Returns | |
|---|---|
| Price Change 1W | -7.9% |
| Price Change 1M | -10.4% |
| Price Change 6M | -14.9% |
| Price Change 1Y | 2.1% |
| 3Y Cumulative Return | 12.2% |
| 5Y Cumulative Return | 11.4% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -132.16 Cr |
| Cash Flow from Operations (TTM) | 477.42 Cr |
| Cash Flow from Financing (TTM) | -338.05 Cr |
| Cash & Equivalents | 6.87 Cr |
| Free Cash Flow (TTM) | 359.04 Cr |
| Free Cash Flow/Share (TTM) | 72.57 |
Balance Sheet | |
|---|---|
| Total Assets | 1.73 kCr |
| Total Liabilities | 509.38 Cr |
| Shareholder Equity | 1.22 kCr |
| Current Assets | 1.22 kCr |
| Current Liabilities | 367.45 Cr |
| Net PPE | 178.52 Cr |
| Inventory | 0.00 |
| Goodwill | 179.59 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 80.55 |
| Interest/Cashflow Ops | 58.69 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 12.3 |
| Dividend Yield | 1.89% |
| Shares Dilution (1Y) | 0.30% |
| Shares Dilution (3Y) | 1.1% |
Profitability: Very strong Profitability. One year profit margin are 30%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money looks to be reducing their stake in the stock.
Momentum: Stock is suffering a negative price momentum. Stock is down -10.4% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Profitability: Very strong Profitability. One year profit margin are 30%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money looks to be reducing their stake in the stock.
Momentum: Stock is suffering a negative price momentum. Stock is down -10.4% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Investor Care | |
|---|---|
| Dividend Yield | 1.89% |
| Dividend/Share (TTM) | 12.3 |
| Shares Dilution (1Y) | 0.30% |
| Earnings/Share (TTM) | 18.75 |
Financial Health | |
|---|---|
| Current Ratio | 3.33 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 18.8 |
| RSI (5d) | 6 |
| RSI (21d) | 40.18 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Sell |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of Computer Age Management Services's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q1 FY'26 earnings conference call for Computer Age Management Services Limited, management provided a mixed outlook reflecting both resilience and challenges faced during the quarter. Anuj Kumar, the MD and CEO, highlighted key achievements, including crossing INR50 trillion in assets under management (AuM) and retaining a 68% market share by AuM. Revenue grew to INR355 crores, up 7% year-on-year, with EBITDA margins around 43.7% and profit after tax (PAT) at just under 30%.
Management indicated that the pricing reset for a large account, previously discussed, is nearly complete, with over 90% of fee remissions already given, and anticipates only marginal impacts on yields going forward. They expect a yield depletion of approximately 3% to 3.5% per year, with current estimates showing an 8% to 9% decline year-on-year primarily due to previous price adjustments.
Forward-looking points shared include:
Management remains committed to maintaining EBITDA margins above 45% in the long term, aiming to leverage technological advancements made through strategic partnerships, including a cloud collaboration with Google. Overall, the outlook is cautiously optimistic with proactive management of costs and continued focus on enhancing revenue streams across various business lines.
Understand Computer Age Management Services ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Ashish Parthasarthy (HDB Welfare Trust) | 3.14% |
| Icici Prudential Innovation Fund | 2.85% |
| Fidelity Investment Trust : Fidelity Emerging Markets Fund | 2.69% |
| Aditya Birla Sun Life Elss Tax Saver Fund | 2.41% |
| Franklin Templeton Investment Funds - Franklin India Fund | 2.35% |
| Canara Robeco Small Cap Fund | 2.01% |
Detailed comparison of Computer Age Management Services against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| BSE | BSE | 1.13 LCr | 4.44 kCr | -3.50% | +92.70% | 51.85 | 25.34 | - | - |
| MOTILALOFS | Motilal Oswal Financial Services | 43.63 kCr | 7.93 kCr |
Comprehensive comparison against sector averages
CAMS metrics compared to Capital
| Category | CAMS | Capital |
|---|---|---|
| PE | 34.74 | 31.41 |
| PS | 10.55 | 10.93 |
| Growth | 7.1 % | 8.2 % |
Computer Age Management Services Limited, a mutual fund transfer agency, provides services to private equity funds, and banks and non-banking finance companies in India. It's product portfolio includes MF Central, a digital solution to enhance customer service within the mutual fund sector for both financial and non-financial transactions; CAMS WealthServ, a digital onboarding platform for alternate investment funds and portfolio management services for investors; myCAMS for individual investors, and GoCORP for institutional investors to offer value-added services. The company offers CAMServ chatbot, a chatbot facility that simulates human-like conversations with users through chat; digiInvest/ digiNFO, which enables transactions through SMS link; and digiLoan to provide digital loans against mutual fund investments which enables the Bank/NBFC customers to avail a loan by pledging their investments in debt and/or equity mutual funds. In addition, it provides CAMS Recon DynamiX, a robust automated software for reconciliation of general ledgers, payments, and transactions; and Technology Solution Provider, which offers implementation of digital signature and encryption to FIPs and FIUs. Further, the company offers CAMSRep, an insurance repository and service; CAMSfinserv, an account aggregator service; CAMS PAY which offers electronic payment collections; and CAMS CRA and CAMSKRA, a KYC registration agency services. Computer Age Management Services Limited was incorporated in 1988 and is based in Chennai, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
CAMS vs Capital (2021 - 2026)
Here are the major questions from the Q&A section of the earnings transcript, along with detailed answers:
Question: "Any further renegotiations that are expected in this year or early next year that can impact the yield further?" Answer: "I'm confident that with over 90% of the price adjustments in the base, we won't have significant repricing events. While there may be minor adjustments, no large price corrections are expected for the next 1 to 1.5 years. Typically, yield depletion will stabilize around 3% annually."
Question: "What would you attribute the decline in CAMSPay this quarter to?" Answer: "While CAMSPay showed a year-on-year growth of 26%, we encountered lower volumes, particularly in insurance, which typically peaks in Q4. Additionally, the migration of a key distributor caused execution delays, but we expect recovery in the upcoming quarters."
Question: "EBITDA margins of MF versus non-MF businesses?" Answer: "Mutual fund business EBITDA margins remain robust at 45%, while non-MF margins are currently around 12%, slightly lower this quarter. Despite fluctuations, MF will maintain strong margins compared to non-MF."
Question: "What is the breakdown of KYC revenue from brokers versus AMCs?" Answer: "Currently, around 70% of KYC revenue comes from AMCs and approximately 30% from brokers. This proportion has been trending upwards in recent quarters."
Question: "Is your first quarter opex typically around 25% of total yearly opex?" Answer: "Historically, Q1 opex has accounted for about 25% of the annual figure. We're aiming to maintain overall cost increases around 10-11% year-on-year, with no significant surprises expected moving forward."
Question: "Guidance on capex for FY '26 and '27, and updates on technology transformation?" Answer: "For FY '26, we expect regular capex around INR 60 crores. Overall capex related to the technology rearchitecture is around INR 450-500 crores, with hopes for positive impacts on profitability, albeit visibility on specific margin benefits remains contingent on the first module launch."
Question: "What's the visibility on revenue growth from non-MF businesses?" Answer: "We maintain a robust target of 25% revenue growth for the non-MF segment this fiscal year from a base of INR 190 crores, driven largely by payments and insurance growth."
Question: "What can we expect from Think360 and its potential profitability?" Answer: "Think360's current run rate is around INR 4.5 crores. Our goal is to make it breakeven this year, targeting revenue growth that could lead to profitability as we improve its performance."
These questions and answers summarize the key inquiries made during the earnings call, reflecting the company's strategies and expectations moving forward.
| Seafarer Overseas Growth & Income Fund | 1.91% |
| Ashoka Whiteoak Icav - Ashoka Whiteoak India Opportunities Fund | 1.74% |
| Fidelity Investment Trust Fidelity International Discovery Fund | 1.67% |
| Abu Dhabi Investment Authority - Way | 1.52% |
| Vanguard Total International Stock Index Fund | 1.39% |
| Uti-Mid Cap Fund | 1.36% |
| Vanguard Emerging Markets Stock Index Fund | 1.29% |
| 360 One India Private Equity Fund - Series 1a | 1.16% |
| Axis Mutual Fund A/C Axis Small Cap Fund | 1.16% |
| J P Morgan Funds | 1.13% |
| Ishares Core Msci Emerging Markets Etf | 1.03% |
| Fidelity Emerging Markets Fund As Managed By Fiam Llc | 1.02% |
Distribution across major stakeholders
Distribution across major institutional holders
| -8.20% |
| +20.50% |
| 21.49 |
| 5.5 |
| - |
| - |
| CDSL | Central Depository Services (India) | 25.91 kCr | 1.23 kCr | -7.70% | +8.80% | 54.39 | 21.13 | - | - |
| KFINTECH | KFin Tech | 16 kCr | 1.27 kCr | -10.00% | +5.20% | 45.96 | 12.56 | - | - |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
| 7.9% |
| 165 |
| 153 |
| 145 |
| 148 |
| 166 |
| 162 |
| Current tax | -7.5% | 38 | 41 | 37 | 36 | 42 | 42 |
| Deferred tax | 153.1% | 2.39 | -1.62 | -0.46 | -0.86 | -0.27 | -0.94 |
| Total tax | 2.6% | 40 | 39 | 36 | 35 | 42 | 41 |
| Total profit (loss) for period | 9.7% | 125 | 114 | 108 | 113 | 124 | 121 |
| Other comp. income net of taxes | -41% | -0.1 | 0.22 | -1.41 | -0.34 | -0.52 | -0.69 |
| Total Comprehensive Income | 8.8% | 124 | 114 | 107 | 112 | 124 | 120 |
| Earnings Per Share, Basic | 11.6% | 5.07 | 4.646 | 4.414 | 4.616 | 5.09 | 4.976 |
| Earnings Per Share, Diluted | 11.7% | 5.04 | 4.618 | 4.394 | 4.594 | 5.066 | 4.952 |
| Other expenses | 32.9% | 344 | 259 | 228 | 203 | 189 |
| Total Expenses | 23.7% | 789 | 638 | 584 | 528 | 452 |
| Profit Before exceptional items and Tax | 30.9% | 586 | 448 | 366 | 376 | 280 |
| Total profit before tax | 30.9% | 586 | 448 | 366 | 376 | 280 |
| Current tax | 30.6% | 146 | 112 | 89 | 87 | 63 |
| Deferred tax | 20.2% | -0.86 | -1.33 | 1.53 | -0.59 | -2.06 |
| Total tax | 30.9% | 145 | 111 | 91 | 86 | 61 |
| Total profit (loss) for period | 31% | 441 | 337 | 275 | 289 | 219 |
| Other comp. income net of taxes | -36.4% | -2.15 | -1.31 | -0.11 | 1.04 | 0.35 |
| Total Comprehensive Income | 30.7% | 439 | 336 | 274 | 290 | 219 |
| Earnings Per Share, Basic | 32.7% | 17.898 | 13.738 | 11.214 | 11.846 | 8.978 |
| Earnings Per Share, Diluted | 32.8% | 17.826 | 13.668 | 11.142 | 11.782 | 8.944 |
| -115.4% |
| 0.35 |
| 5.21 |
| 0.04 |
| 2.18 |
| 0.89 |
| 8.37 |
| Non-current investments | 1.9% | 315 | 309 | 305 | 305 | 300 | 243 |
| Loans, non-current | 45% | 3.9 | 3 | 0.21 | 0.16 | 0.27 | 0.23 |
| Total non-current financial assets | 2.2% | 333 | 326 | 319 | 319 | 312 | 253 |
| Total non-current assets | 4.5% | 601 | 575 | 502 | 502 | 491 | 437 |
| Total assets | 8.7% | 1,583 | 1,457 | 1,379 | 1,300 | 1,137 | 1,010 |
| Total non-current financial liabilities | -19.6% | 38 | 47 | 55 | 59 | 59 | 59 |
| Provisions, non-current | 6.5% | 67 | 63 | 67 | 67 | 68 | 68 |
| Total non-current liabilities | -3.7% | 106 | 110 | 123 | 126 | 126 | 127 |
| Total current financial liabilities | 10.8% | 185 | 167 | 152 | 158 | 145 | 127 |
| Provisions, current | 41.5% | 13 | 9.48 | 29 | 12 | 13 | 7.9 |
| Current tax liabilities | -10.5% | 18 | 20 | 9.03 | 10 | 2.28 | - |
| Total current liabilities | 12.6% | 350 | 311 | 268 | 290 | 211 | 155 |
| Total liabilities | 8.3% | 456 | 421 | 390 | 416 | 338 | 282 |
| Equity share capital | 2.1% | 50 | 49 | 49 | 49 | 49 | 49 |
| Total equity | 8.9% | 1,128 | 1,036 | 989 | 884 | 799 | 728 |
| Total equity and liabilities | 8.7% | 1,583 | 1,457 | 1,379 | 1,300 | 1,137 | 1,010 |
| Cashflows used in obtaining control of subsidiaries | - | 11 | 0 | 0 | 0 | - |
| Proceeds from sales of PPE | -26.8% | 0.1 | 0.29 | 0.56 | 0 | - |
| Purchase of property, plant and equipment | 370.8% | 114 | 25 | 37 | 60 | - |
| Proceeds from sales of investment property | - | 0 | 0 | 0 | 0.16 | - |
| Purchase of intangible assets under development | -117.3% | 0 | 6.78 | 0 | 0 | - |
| Dividends received | 13.4% | 0.16 | 0.03 | 0 | 27 | - |
| Interest received | 100.3% | 13 | 6.99 | 2.21 | 1.99 | - |
| Other inflows (outflows) of cash | 108.8% | 10 | -101.58 | -57.15 | -83.19 | - |
| Net Cashflows From Investing Activities | 43.8% | -101.57 | -181.42 | -104.62 | -116.96 | - |
| Proceeds from exercise of stock options | 223.1% | 43 | 14 | 7.16 | 7.64 | - |
| Payments of lease liabilities | 15.4% | 31 | 27 | 23 | 19 | - |
| Dividends paid | 67.8% | 345 | 206 | 185 | 189 | - |
| Net Cashflows from Financing Activities | -51.9% | -333.68 | -219.28 | -200.92 | -200.17 | - |
| Effect of exchange rate on cash eq. | - | 0 | 0 | 0 | 14 | - |
| Net change in cash and cash eq. | 145.4% | 7.06 | -12.36 | 11 | 2.89 | - |