Computer Age Management Services Ltd
Computer Age Management Services Ltd
Capital Markets F&OKey Fundamentals
SmallcapRTACapital MarketsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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56 extracted metrics + investor summaries across FY18–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.8%
- Company has been maintaining a healthy dividend payout of 73.3%
Weaknesses
1- Stock is trading at 15.9 times its book value
Growth Rate
AI Analysis — Bull vs Bear
CAMS is a capital markets infrastructure company with a market cap of ₹19,219 Cr, trading at a PE of 39.3x and 14.6x book value. The company has delivered consistent ROE averaging 40% over 5 years with near-zero debt, while recent TTM sales growth has decelerated to 5% compared to a 3-year CAGR of 15%.
- Exceptional return on equity with 3-year average ROE of 40% and 5-year average of 41%, indicating highly efficient capital allocation
- Company is almost debt-free, providing significant financial resilience and flexibility for future investments
- Healthy dividend payout ratio of 73.3%, reflecting shareholder-friendly capital return policy
- Compounded profit growth of 18% over 10 years demonstrates long-term earnings consistency
- Compounded sales growth of 16% over 5 years shows sustained business expansion in a growing mutual fund industry
- 3-year stock CAGR of 17% indicates market recognition of business quality and growth
- Asset-light business model with near-zero debt and 37% ROE even in the last year supports high free cash flow generation
- Stock trades at 16.0x book value, which is extremely elevated and leaves little margin of safety
- PE ratio of 39.3x is demanding, requiring sustained high growth to justify the premium
- TTM sales growth has sharply decelerated to 5% versus the 3-year CAGR of 15%, signaling potential growth fatigue
- TTM profit growth at just 2% represents a significant slowdown from the 3-year CAGR of 16%
- Dividend yield of only 0.32% offers minimal income return despite the high payout ratio, reflecting stretched valuations
- 1-year stock CAGR of only 2% suggests the market is already pricing in slower near-term growth
- Last year ROE of 37% shows a decline from the 5-year average of 41%, indicating possible margin pressure
- 5-year stock CAGR of just 4% versus 15% profit CAGR suggests valuation multiple compression risk going forward
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Strong Q1 PAT up 17.3% Aug 3
CAMS reported Q1FY27 PAT of ₹128 Cr (up 17.3% YoY) with EBITDA margin at 46.4% and record AuM of ₹56 Lakh Cr.
- IIT Madras AI/blockchain lab expansion Aug 12
CAMS signed MoU with IIT Madras on Aug 12 to expand FinTech Innovation Lab focusing on AI, blockchain, cybersecurity, and startup mentoring.
- Think Analytics stake raised to 77.7% Aug 11
CAMS acquired first tranche of Think Analytics shares for ₹17.73 crore, raising its stake to 77.70%.
- Fintuple now wholly-owned subsidiary Jul 20
CAMS acquired Fintuple Technologies shares for ₹96.67 Lacs, making it a fully owned subsidiary.
- JPMorgan raises stake to 5.05% Jul 25
JPMorgan Asset Management acquired 1,47,463 shares via open market, increasing holding to 5.05% per SEBI disclosure.
- Fintuple CEO resignation refiled Aug 11
CAMS refiled resignation of Fintuple CEO Kaushik Narayan Badri, citing unintentional delay in SEBI LODR filing. Departure follows full acquisition of founder shares.
TL;DR: CAMS is executing well with strong Q1FY27 earnings (17.3% PAT growth, 46.4% EBITDA margin) underpinned by record AuM of ₹56 Lakh Cr. The company is actively building its technology and analytics capabilities through acquisitions (Think Analytics, Fintuple) and academic partnerships. No material headwinds are visible in recent news flow. The trend is clearly positive with earnings momentum and strategic investments pointing to continued growth.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 244 | 255 | 269 | 287 | 308 | 342 | 348 | 336 | 334 | 354 | 367 | 357 | 353 |
| Expenses | 138 | 138 | 146 | 152 | 166 | 181 | 184 | 185 | 185 | 193 | 194 | 206 | 182 |
| Operating Profit | 106 | 117 | 123 | 135 | 142 | 160 | 163 | 152 | 149 | 161 | 173 | 151 | 171 |
| OPM % | 43% | 46% | 46% | 47% | 46% | 47% | 47% | 45% | 45% | 46% | 47% | 42% | 49% |
| Other Income | 8 | 8 | 8 | 9 | 9 | 10 | 12 | 10 | 11 | 10 | 11 | 11 | 15 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| Depreciation | 14 | 14 | 15 | 15 | 14 | 15 | 16 | 20 | 18 | 22 | 22 | 25 | 22 |
| PBT | 98 | 109 | 114 | 127 | 135 | 153 | 157 | 141 | 140 | 148 | 160 | 136 | 163 |
| Tax % | 25% | 25% | 25% | 24% | 25% | 25% | 25% | 25% | 25% | 25% | 24% | 27% | 25% |
| Net Profit | 73 | 81 | 86 | 97 | 102 | 115 | 118 | 106 | 105 | 111 | 122 | 99 | 122 |
| EPS in Rs | 2.99 | 3.31 | 3.48 | 3.95 | 4.14 | 4.68 | 4.77 | 4.29 | 4.25 | 4.48 | 4.93 | 3.99 | 4.91 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 372 | 442 | 464 | 606 | 651 | 661 | 674 | 864 | 929 | 1,054 | 1,334 | 1,412 | 1,431 |
| Expenses | 245 | 300 | 289 | 402 | 459 | 402 | 405 | 474 | 523 | 573 | 717 | 778 | 774 |
| Operating Profit | 127 | 142 | 175 | 204 | 192 | 260 | 269 | 390 | 405 | 481 | 617 | 634 | 657 |
| OPM % | 34% | 32% | 38% | 34% | 30% | 39% | 40% | 45% | 44% | 46% | 46% | 45% | 46% |
| Other Income | 0 | 1 | 9 | 50 | 11 | 19 | 58 | 40 | 21 | 32 | 41 | 42 | 46 |
| Interest | 0 | 1 | 0 | 0 | 0 | 8 | 7 | 7 | 7 | 7 | 7 | 6 | 6 |
| Depreciation | 23 | 17 | 16 | 21 | 27 | 46 | 39 | 47 | 54 | 58 | 65 | 87 | 90 |
| PBT | 104 | 125 | 168 | 233 | 176 | 225 | 280 | 376 | 366 | 448 | 586 | 584 | 607 |
| Tax % | 33% | 35% | 36% | 31% | 36% | 27% | 22% | 23% | 25% | 25% | 25% | 25% | — |
| Net Profit | 70 | 81 | 108 | 160 | 112 | 164 | 219 | 289 | 275 | 337 | 441 | 437 | 454 |
| EPS in Rs | 2.86 | 3.34 | 4.41 | 6.56 | 4.6 | 6.73 | 8.97 | 11.84 | 11.21 | 13.72 | 17.85 | 17.63 | 18.31 |
| Div. Payout % | 62% | 65% | 56% | 68% | 118% | 36% | 140% | 65% | 67% | 68% | 81% | 71% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 50 |
| Reserves | 232 | 250 | 313 | 364 | 343 | 440 | 421 | 556 | 679 | 835 | 986 | 1,159 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 73 | 73 | 76 | 82 | 73 | 54 |
| Other Liabilities | 79 | 94 | 91 | 128 | 170 | 226 | 235 | 217 | 207 | 334 | 348 | 283 |
| Total Liabilities | 360 | 393 | 453 | 540 | 563 | 715 | 778 | 894 | 1,010 | 1,300 | 1,457 | 1,546 |
| Fixed Assets | 63 | 56 | 62 | 80 | 87 | 158 | 144 | 169 | 165 | 163 | 194 | 204 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 10 | 44 | 89 |
| Investments | 232 | 275 | 306 | 332 | 323 | 397 | 362 | 455 | 479 | 598 | 578 | 571 |
| Other Assets | 65 | 62 | 85 | 129 | 153 | 161 | 272 | 270 | 358 | 529 | 641 | 682 |
| Total Assets | 360 | 393 | 453 | 540 | 563 | 715 | 778 | 894 | 1,010 | 1,300 | 1,457 | 1,546 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | 84 | 102 | 188 | 144 | 180 | 239 | 306 | 317 | 388 | 442 | 578 |
| Investing | — | -47 | -30 | -74 | -15 | -72 | 23 | -117 | -105 | -181 | -102 | -271 |
| Financing | — | -41 | -72 | -109 | -132 | -91 | -268 | -200 | -201 | -219 | -334 | -310 |
| Net Cash Flow | — | -4 | 0 | 5 | -3 | 17 | -6 | -11 | 11 | -12 | 7 | -3 |
| Free Cash Flow | — | 75 | 80 | 188 | 110 | 166 | 213 | 246 | 281 | 357 | 328 | 447 |
| CFO/OP | — | 92 | 58 | 129 | 109 | 97 | 111 | 103 | 99 | 98 | 93 | 115 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 6 | 7 | 9 | 10 | 14 | 13 | 9 | 10 | 17 | 28 | 10 |
| Cash Conversion Cycle | 1 | 6 | 7 | 9 | 10 | 14 | 13 | 9 | 10 | 17 | 28 | 10 |
| Working Capital Days | -3 | -18 | 9 | 6 | -5 | 6 | -30 | -12 | 26 | 17 | 25 | 9 |
| ROCE % | 38% | 43% | 51% | 59% | 41% | 51% | 53% | 61% | 48% | 50% | 55% | 48% |
Documents
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Company Information
The company is a mutual funds transfer agency. It provides investor services, distributor services and asset management companies (AMC) services.