CMS Info Systems

₹393.9 -1.4 | 0.3%

WEBSITE BSE:543441 NSE : CMSINFO 28 Nov, 16:01

Market Cap ₹6165 Cr.

Stock P/E 18.8

P/B 3.6

Current Price ₹393.9

Book Value ₹ 108.8

Face Value 10

52W High ₹409.9

Dividend Yield 1.21%

52W Low ₹ 260.8

Edit Ratio

CMS Info Systems Research see more...

CMS Info Systems Limited

CMS Info Systems Ltd

Overview Inc. Year: 2008Industry: BPO/ITeS

CMS Info Systems Ltd operates as a cash management organization. It engages in installing, preserving, and handling assets and generation solutions on end-to-end outsourced basis for banks under long term contracts. The organization provides cash management services, which include end-to-cease ATM replenishment offerings; cash pick-up and delivery; network cash control and verification offerings; and cash-in-transit offerings for banks. It also gives controlled services, inclusive of banking automation product sales, deployment, and associated annual maintenance; end-to-end brown label deployment and controlled offerings for banks; common control structures and software solutions, along with multi-seller software program solutions and different protection and automation software solutions; and remote tracking offerings for ATMs. In addition, the enterprise offers end-to-end monetary financial cards issuance and control for banks; and card personalization services. CMS Info Systems Ltd incorporated in 2008 and is based in Mumbai, India.

CMS Info Systems Share Price

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Peer Comparison

CMS Info Systems Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Net Sales	404	444	453	472	488	501	512	544
Other Income	2	3	2	3	5	5	7	8
Total Income	405	447	456	475	493	506	518	552
Total Expenditure	299	328	329	337	353	357	364	398
Operating Profit	107	119	126	137	140	149	154	154
Interest	3	4	4	5	5	6	4	4
Depreciation	22	27	30	34	32	35	36	36
Exceptional Income / Expenses	0	0	0	0	0	0	0	0
Profit Before Tax	81	87	92	98	103	108	114	114
Provision for Tax	21	23	23	25	27	28	29	29
Profit After Tax	60	64	69	73	76	80	84	84
Adjustments	0	0	0	0	0	0	0	0
Profit After Adjustments	60	64	69	73	76	80	84	84
Adjusted Earnings Per Share	4.1	4.2	4.5	4.7	4.9	5.2	5.5	5.4

CMS Info Systems Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	974	1186	1339	1140	1007	1146	1383	1306	1590	1915	2045
Other Income	9	6	6	4	4	13	5	27	35	62	25
Total Income	983	1192	1345	1144	1012	1159	1388	1333	1625	1977	2069
Total Expenditure	789	1009	1173	1011	852	948	1129	1024	1217	1424	1472
Operating Profit	194	183	172	133	160	211	259	309	408	552	597
Interest	17	17	20	18	8	7	7	8	14	20	19
Depreciation	28	33	41	34	32	54	57	63	92	132	139
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	149	133	111	80	120	150	195	238	301	401	439
Provision for Tax	46	42	39	25	42	54	60	69	77	104	113
Profit After Tax	102	92	72	55	79	96	135	169	224	297	324
Adjustments	-1	-1	0	0	0	0	0	0	0	0	0
Profit After Adjustments	101	91	72	55	79	96	135	169	224	297	324
Adjusted Earnings Per Share	0	0	0	0	0	0	0	11.4	14.6	19.3	21

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	20%	11%	14%	0%
Operating Profit CAGR	35%	29%	28%	0%
PAT CAGR	33%	30%	30%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	18%	NA%	NA%	NA%
ROE Average	22%	20%	19%	18%
ROCE Average	30%	28%	27%	25%

CMS Info Systems Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	449	539	423	482	573	746	850	984	1256	1562
Minority's Interest	1	2	0	0	0	0	0	0	0	0
Borrowings	22	19	10	6	2	0	0	0	0	0
Other Non-Current Liabilities	-7	-12	-10	-17	-29	43	55	89	137	138
Total Current Liabilities	293	607	471	382	203	270	400	514	432	364
Total Liabilities	758	1155	893	854	749	1059	1305	1587	1825	2064
Fixed Assets	308	330	293	279	270	381	426	533	750	869
Other Non-Current Assets	40	76	35	43	43	61	60	74	120	117
Total Current Assets	410	749	565	531	436	616	820	980	954	1078
Total Assets	758	1155	893	854	749	1059	1305	1587	1825	2064

CMS Info Systems Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	7	14	-57	-56	12	66	122	159	134	64
Cash Flow from Operating Activities	88	65	51	87	136	102	214	185	257	407
Cash Flow from Investing Activities	-41	-103	-31	-22	-38	6	-119	-149	-326	-323
Cash Flow from Financing Activities	-41	26	-20	2	-94	-52	-58	-62	1	-52
Net Cash Inflow / Outflow	7	-12	1	68	4	56	37	-26	-69	32
Closing Cash & Cash Equivalent	14	3	-56	12	15	122	159	134	64	96

CMS Info Systems Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	0	0	0	0	0	0	11.39	14.63	19.25
CEPS(Rs)	8.89	8.5	7.72	6.04	7.46	10.13	12.93	15.67	20.63	27.79
DPS(Rs)	0	0	0	0	0	1.6	1.8	2.45	2.53	4.75
Book NAV/Share(Rs)	0	0	0	0	0	0	0	63.77	79.85	98.68
Core EBITDA Margin(%)	19.02	14.96	12.38	11.28	15.45	17.27	18.36	21.62	23.44	25.61
EBIT Margin(%)	17.03	12.67	9.74	8.6	12.71	13.73	14.63	18.83	19.87	21.97
Pre Tax Margin(%)	15.27	11.25	8.27	7.04	11.93	13.08	14.1	18.2	18.96	20.94
PAT Margin (%)	10.5	7.74	5.38	4.81	7.81	8.39	9.74	12.9	14.09	15.52
Cash Profit Margin (%)	13.4	10.52	8.46	7.84	10.96	13.07	13.83	17.76	19.87	22.41
ROA(%)	13.49	9.6	7.03	6.29	9.82	10.64	11.39	11.65	13.13	15.28
ROE(%)	23.59	19.18	15.2	12.15	14.92	14.57	16.88	18.79	20.68	21.64
ROCE(%)	31.05	25.01	21.4	17.18	21.82	23.68	25.36	26.81	28.19	29.85
Receivable days	87	85.71	89.15	92.25	78.57	69.58	77.14	116.7	114.81	97.73
Inventory Days	4.51	31.56	32.67	11.34	6.36	8.36	11.17	18.52	17.56	13.12
Payable days	203.11	280.56	242.61	217.14	444.52	297.35	235.59	485.01	655.07	740.05
PER(x)	0	0	0	0	0	0	0	0	18.11	14.38
Price/Book(x)	0	0	0	0	0	0	0	0	3.32	2.8
Dividend Yield(%)	0	0	0	0	0	0	0	0	0.96	1.72
EV/Net Sales(x)	0.23	0.24	0.2	0.2	0.13	0.01	-0.03	-0.04	2.46	2.15
EV/Core EBITDA(x)	1.17	1.54	1.58	1.72	0.83	0.04	-0.16	-0.15	9.6	7.45
Net Sales Growth(%)	0	21.76	12.89	-14.86	-11.63	13.77	20.68	-5.58	21.71	20.45
EBIT Growth(%)	0	-9.42	-13.22	-24.78	30.59	22.87	28.59	21.55	28.4	33.18
PAT Growth(%)	0	-10.2	-21.61	-23.76	43.3	22.22	40.12	25.1	32.94	32.67
EPS Growth(%)	0	0	0	0	0	0	0	25.1	28.47	31.6
Debt/Equity(x)	0.19	0.24	0.3	0.23	0.02	0	0	0	0	0
Current Ratio(x)	1.4	1.23	1.2	1.39	2.15	2.28	2.05	1.91	2.21	2.96
Quick Ratio(x)	1.36	0.91	1.1	1.33	2.12	2.13	1.94	1.73	2.06	2.76
Interest Cover(x)	9.68	8.94	6.64	5.5	16.18	21.13	27.67	29.88	21.95	21.44
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0

CMS Info Systems Shareholding Pattern

#	Oct 2014	Mar 2017	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	63.4	100	65.59	63.38	63.16	63.01	60.98	60.24	46.48	26.69
FII	0	0	5.68	9.54	10.4	10.61	12.46	13.12	15.27	23.76
DII	0	0	11.93	11.09	11.66	12.09	12.14	12.58	20.96	23.98
Public	36.6	0	16.8	15.99	14.78	14.29	14.42	14.06	17.28	25.57
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Oct 2014	Mar 2017	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	9.31	14.8	9.71	9.71	9.71	9.71	9.41	9.3	7.18	4.18
FII	0	0	0.84	1.46	1.6	1.63	1.92	2.03	2.36	3.72
DII	0	0	1.77	1.7	1.79	1.86	1.87	1.94	3.24	3.75
Public	5.37	0	2.49	2.45	2.27	2.2	2.23	2.17	2.67	4
Others	0	0	0	0	0	0	0	0	0	0
Total	14.68	14.8	14.8	15.32	15.37	15.41	15.43	15.44	15.44	15.65

Pros

Company has delivered good profit growth of 30% CAGR over last 5 years
Company is almost debt free.

Cons

Promoter holding is low: 26.69%.
Debtor days have increased from 655.07 to 740.05days.
Stock is trading at 3.6 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.