Computer Age Management Services Ltd logo

Computer Age Management Services Ltd

CAMS NSE

Key Fundamentals

SmallcapRTACapital Markets
Market Cap
₹19,826 Cr
Volatility
Moderate
P/E Ratio
41.53
EBITDA
₹735 Cr
Return on Equity
38.33%
Debt to Equity
0.06
Book Value
₹53.22
EPS
₹78.32
52W High
₹875
52W Low
₹611.4

Technical Indicators

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 39.3%
  • Company has been maintaining a healthy dividend payout of 68.6%
  • Company's working capital requirements have reduced from 20.2 days to 12.0 days

Weaknesses

1
  • Stock is trading at 15.0 times its book value

Growth Rate

Revenue Growth
6.26% ↗
Net Income Growth
1.57% ↗
Cash Flow Change
22.38% ↗
ROE
-13.94% ↘
ROCE
-10.67% ↘
EBITDA Margin (Avg.)
-1.84% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium
BUY Worth buying at current levels Conviction 7/10

CAMS commands a dominant position in India's mutual fund infrastructure with exceptional ROE of 39-41% and a debt-free balance sheet. While the valuation at 43.8x PE and 15.6x PB is steep, the 88.9% analyst buy consensus and 22% profit CAGR over 5 years justify a premium for this capital-light compounder. The 3.9% dividend yield provides downside cushion.

Bull Case 8
  • Exceptional return on equity of 41% over 3 and 5 years, indicating highly capital-efficient business model
  • Virtually debt-free balance sheet reduces financial risk and enhances earnings quality
  • Strong profit growth CAGR of 22% over 5 years demonstrates consistent earnings compounding
  • Healthy dividend payout ratio of 60% with 3.9% yield provides meaningful shareholder returns
  • Overwhelming analyst consensus with 88.89% buy ratings (16 out of 18 analysts)
  • Revenue CAGR of 17% over 5 years shows sustained top-line momentum tied to mutual fund AUM growth
  • Stock price CAGR of 24% over 3 years reflects strong medium-term wealth creation
  • Company has actively reduced debt, strengthening an already robust balance sheet
Bear Case 8
  • Expensive valuation at 43.8x PE leaves little room for earnings disappointment
  • Trading at 15.6x book value, well above sector averages, pricing in significant future growth
  • Working capital days deteriorated sharply from 55.8 days to 119 days, signaling operational inefficiency
  • TTM revenue growth has decelerated to just 7% compared to 16-17% historical CAGR
  • TTM profit growth slowed to 7% versus 20-22% historical CAGR, suggesting growth normalization
  • Stock has delivered -1% return over the past 1 year, underperforming broader markets
  • Last year ROE dipped to 39% from 41% 3-year average, indicating potential margin pressure
  • High concentration risk as business is heavily dependent on mutual fund industry regulations and AUM flows

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15h ago
Headwinds 1
  • MF revenue growth slowed Jun 16

    MF revenue growth declined to 5% in FY26 with normalised ratio of MF revenue growth to AUM growth falling to 26%, attributed to equity market weakness.

Positives 5
  • Strong FY26 financials filed Jun 15

    CAMS reported consolidated revenue of ₹1,51,624.90 Lakhs and PAT of ₹47,600.57 Lakhs for FY26, with 38th AGM scheduled for July 7, 2026.

  • Buy rating, ₹925 target Jun 16

    YES Securities issued a BUY with ₹925 target at 35x FY28E P/E, projecting FY26-29E EPS CAGR of 17% driven by non-MF businesses reaching harvest phase.

  • Non-MF revenue share rising Jun 16

    Non-MF business share rose from 13.1% in FY24 to 14.4% in FY26, with Alternates business inching up to 2.9%, diversifying revenue streams.

  • Live SIP market share gains Jun 16

    CAMS market share in live SIPs increased to 64.2% in FY26 while maintaining 67.6% share in total MF industry AUM.

  • Employee cost discipline Jun 16

    Employee cost growth declined to 6% in FY26 due to headcount control, with further improvement expected in FY27 aided by re-architecture efforts.

Neutral 3
  • UK non-deal roadshow planned Jun 16

    CAMS will conduct a Non-Deal Roadshow in the UK from June 22 to June 25, 2026, attended by senior executives.

  • Multiple investor meetings scheduled Jun 4

    CAMS scheduled one-on-one meetings with Millennium Partners (Jun 11), Sundaram Mutual Fund (Jun 8), and Phillip Capital (Jun 3) under Regulation 30.

  • FY26 Annual Report dispatched Jun 15

    CAMS dispatched letters with Annual Report weblink to shareholders without registered email addresses ahead of July 7 AGM.

TL;DR: CAMS is executing well with strong market share leadership (67.6% in MF AUM, 64.2% in live SIPs) and growing diversification into non-MF businesses. The key risk is MF revenue sensitivity to equity market weakness, though the broker expects normalization in FY27. Cost discipline and re-architecture efforts support margin expansion. The trend is constructive with a 17% EPS CAGR outlook through FY29, contingent on equity market recovery.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
249
261
275
290
310
331
365
370
356
354
377
390
395
Expenses
140
151
153
160
167
182
195
197
197
200
209
211
213
Operating Profit
109
110
122
129
143
150
170
173
159
154
168
179
183
OPM %
44%
42%
44%
45%
46%
45%
47%
47%
45%
43%
44%
46%
46%
Other Income
8
10
10
10
11
12
13
15
13
13
12
13
13
Interest
2
2
2
2
2
2
2
2
2
2
2
2
2
Depreciation
16
16
17
18
18
17
18
20
23
21
25
25
28
PBT
99
101
112
119
135
142
162
166
148
144
153
165
166
Tax %
25%
25%
25%
25%
23%
25%
26%
25%
24%
25%
26%
24%
24%
Net Profit
74
76
84
89
103
107
121
124
113
108
114
125
125
EPS in Rs
3.05
3.11
3.44
3.63
4.21
4.4
4.97
5.08
4.61
4.41
4.64
5.07
5.1
Figures in ₹ Crores

Profit & Loss

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
659
711
700
706
910
972
1,137
1,422
1,516
Expenses
383
450
413
409
486
551
632
770
833
Operating Profit
276
261
287
296
424
421
505
652
683
OPM %
42%
37%
41%
42%
47%
43%
44%
46%
45%
Other Income
-2
1
21
30
17
27
41
53
51
Interest
8
10
10
8
7
8
8
8
7
Depreciation
40
50
51
43
52
60
70
78
99
PBT
227
201
247
274
383
380
467
619
629
Tax %
35%
35%
30%
25%
25%
25%
25%
25%
25%
Net Profit
146
131
172
205
287
285
351
465
472
EPS in Rs
5.99
5.35
7.05
8.41
11.74
11.64
14.39
19.03
19.2
Div. Payout %
66%
84%
35%
150%
66%
65%
65%
76%
65%
Figures in ₹ Crores

Balance Sheet

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
49
49
49
49
49
49
49
49
50
Reserves
395
393
500
467
599
733
865
1,069
1,271
Borrowings
112
109
0
79
82
93
96
89
64
Other Liabilities
142
186
252
247
227
221
403
390
424
Total Liabilities
698
736
801
842
957
1,096
1,413
1,597
1,809
Fixed Assets
324
320
309
284
314
333
376
406
405
CWIP
0
0
0
0
0
9
13
44
89
Investments
218
233
306
236
317
330
407
425
446
Other Assets
156
184
186
322
326
425
618
723
869
Total Assets
698
736
801
842
957
1,096
1,413
1,597
1,809
Figures in ₹ Crores

Cash Flow

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
162
187
199
264
321
318
401
477
584
Investing
-19
-31
-84
2
-131
-102
-188
-132
-270
Financing
-138
-158
-97
-272
-204
-205
-224
-338
-316
Net Cash Flow
5
-3
18
-6
-13
12
-10
7
-2
Free Cash Flow
123
152
184
238
259
275
363
359
444
CFO/OP
91
101
98
112
101
98
97
96
110
Figures in ₹ Crores

Ratios

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
12
14
17
15
10
12
21
28
14
Cash Conversion Cycle
12
14
17
15
10
12
21
28
14
Working Capital Days
10
0
7
-28
-9
29
23
26
12
ROCE %
—
38%
44%
42%
56%
46%
48%
54%
47%

Shareholding Pattern

As of Mar 2026
FIIs 44.44%
Public 25.39%
DIIs 22.06%
Others 8.11%
Government 0.01%
Total 100.01%
  Mar 2021Apr 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
30.98%
30.96%
30.96%
30.96%
23.75%
23.75%
23.74%
19.92%
19.92%
19.92%
19.91%
19.87%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
38.60%
0.00%
53.77%
56.51%
56.53%
57.63%
55.00%
52.00%
46.90%
44.66%
44.44%
DIIs
18.42%
18.03%
16.42%
13.60%
12.40%
13.03%
13.11%
13.34%
13.73%
11.33%
10.19%
16.05%
21.05%
19.92%
19.43%
18.65%
17.35%
16.71%
17.31%
20.76%
22.00%
22.06%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
Public
10.02%
6.88%
7.91%
10.97%
18.03%
18.93%
18.83%
18.85%
20.50%
19.22%
19.69%
18.80%
22.23%
19.55%
17.19%
18.04%
18.29%
21.21%
22.95%
24.35%
25.30%
25.39%
Others
40.57%
44.13%
44.70%
44.47%
45.82%
44.29%
44.32%
47.89%
45.85%
49.52%
50.20%
6.68%
56.73%
6.76%
6.87%
6.79%
6.73%
7.08%
7.74%
7.99%
8.05%
8.11%
No. of Shareholders
1,61,790
1,60,754
1,86,315
2,81,120
4,63,358
4,86,749
4,81,026
4,77,983
4,87,248
4,65,834
4,60,465
4,37,544
4,46,888
4,13,343
3,75,696
3,99,293
4,08,950
4,59,662
4,73,085
4,81,883
5,14,502
5,42,124

Documents

Frequently Asked Questions about Computer Age Management Services Ltd

What does Computer Age Management Services Ltd do?
The company is a mutual funds transfer agency. It provides investor services, distributor services and asset management companies (AMC) services.
Where is Computer Age Management Services Ltd (CAMS) listed?
Computer Age Management Services Ltd is listed on the Indian stock exchanges. It is listed on NSE: CAMS and BSE: 543232. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Computer Age Management Services Ltd belong to?
Computer Age Management Services Ltd operates in the Financial Services sector within the Capital Markets industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Computer Age Management Services Ltd?
Computer Age Management Services Ltd has a market capitalisation of approximately ₹19826.11 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Computer Age Management Services Ltd?
The Price-to-Earnings (PE) ratio of Computer Age Management Services Ltd is 41.53. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Computer Age Management Services Ltd?
Over the past 52 weeks, Computer Age Management Services Ltd has traded between a low of ₹611.4 and a high of ₹875. This range helps investors understand the stock's price volatility and recent trading levels.
Does Computer Age Management Services Ltd pay dividends?
Yes, Computer Age Management Services Ltd has a dividend yield of 4.08%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Computer Age Management Services Ltd?
Computer Age Management Services Ltd has a Return on Equity (ROE) of 38.33%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Computer Age Management Services Ltd on Tapetide?
On Tapetide, you can view Computer Age Management Services Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

The company is a mutual funds transfer agency. It provides investor services, distributor services and asset management companies (AMC) services.

Website camsonline.com
CEO Mr. Anuj Kumar
Employees 7,932
Listed 2021-05-07
Face Value ₹ 2
Issued Size 24,76,50,635

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