CMS Info Systems Ltd - Stock Valuation and Financial Performance

BSE: 543441 | NSE: CMSINFO | BPO/ITeS | Small Cap

CMS Info Systems Share Price

401.75 -4.80 -1.18%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on CMS Info Systems

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

CMS Info Systems stock performance -

mw4me loader
P/E Ratio (SA):
20.42
Market Cap:
6,539 Cr.
52-wk low:
280
52-wk high:
421.1

Is CMS Info Systems Ltd an attractive stock to invest in?

1. Is CMS Info Systems Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that CMS Info Systems Ltd is a good quality company.

2. Is CMS Info Systems Ltd undervalued or overvalued?

The key valuation ratios of CMS Info Systems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is CMS Info Systems Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of CMS Info Systems Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of CMS Info Systems:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
CMS Info Systems Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.9%16.6%13.3%13.7%12%12.6%16.8%17.4%20.4%21.2%-
Value Creation
Index
-0.10.20.00.0-0.1-0.10.30.30.50.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9538829257837429031,1621,1311,4081,7041,915
Sales YoY Gr.--7.5%4.9%-15.3%-5.3%21.7%28.7%-2.7%24.5%21%-
Adj EPS 4.95.74.25.15.168.610.113.717.719.7
YoY Gr.-17.2%-26.2%19.9%-0.4%18.6%43.9%17.2%36%28.8%-
BVPS (₹) 35.230.132.937.943.147.353.761.57794.4105.6
Adj Net
Profit
71.884.262.775.174.788.6128149210273320
Cash Flow from Ops. 543468.912115074204100219382-
Debt/CF from Ops. 1.42.510.1000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.7%18.1%13.6%21%
Adj EPS 15.4%28.5%27.1%28.8%
BVPS11.6%17%20.7%22.7%
Share Price - - - 38.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.517.313.514.21212.616.216.719.520.219.7
Op. Profit
Mgn %
13.417.213.217.216.516.519.922.724.725.827.7
Net Profit
Mgn %
7.59.66.89.610.19.81113.214.91616.7
Debt to
Equity
0.20.20.20000000-
Working Cap
Days
20925819319718615514018317314799
Cash Conv.
Cycle
-4,063-52-55-124-33-18-38-63-86-5364

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.70%

Sales growth is growing at healthy rate in last 3 years 13.60%

Net Profit is growing at healthy rate in last 3 years 27.10%

Sales growth is good in last 4 quarters at 15.75%

No data to display

Latest Financials - CMS Info Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 19.7 20.6
TTM Sales (₹ Cr.) 1,915 2,139
BVPS (₹.) 105.6 110.4
Reserves (₹ Cr.) 1,555 1,634
P/BV 3.81 3.64
PE 20.42 19.48
From the Market
52 Week Low / High (₹) 280.00 / 421.05
All Time Low / High (₹) 212.55 / 421.05
Market Cap (₹ Cr.) 6,539
Equity (₹ Cr.) 162.8
Face Value (₹) 10
Industry PE 65.8

Management X-Ray of CMS Info Systems:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00100.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of CMS Info Systems

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales9538829257837429031,1621,1311,4081,704
Operating Expenses 8257318076496207549328741,0601,265
Manufacturing Costs0483141103138128118160199
Material Costs-7319231824169191180154116
Employee Cost 01196059716474757391
Other Costs 832245485467406484539501674859
Operating Profit 128151117134122149230257348439
Operating Profit Margin (%) 13.4%17.1%12.7%17.1%16.5%16.5%19.8%22.7%24.7%25.8%
Other Income 066715186193970
Interest 01413510781419
Depreciation 222322212126485888124
Exceptional Items 0000000000
Profit Before Tax 10612088115116140181211285365
Tax 34362941394954597190
Profit After Tax 728460757691128152213275
PAT Margin (%) 7.5%9.5%6.4%9.5%10.3%10.1%11.0%13.4%15.2%16.2%
Adjusted EPS (₹)4.95.74.05.05.26.28.610.313.917.8
Dividend Payout Ratio (%)0%0%0%0%0%26%21%24%18%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 5324414865616377007959111,1791,458
Share Capital 162147148148148148148148153154
Reserves 3702943384134895526477631,0261,303
Minority Interest0000000000
Debt5171664000000
Long Term Debt12631000000
Short Term Debt4065633000000
Trade Payables280149140746778190316257243
Others Liabilities 1941628467110137269291308271
Total Liabilities 1,0588247777068149151,2541,5181,7441,972

Fixed Assets

Gross Block2912582732883073655326859391,148
Accumulated Depreciation9087108126145161204244302396
Net Fixed Assets202172165162162204328440637753
CWIP 2111034234220
Investments 122123123143215195240281266426
Inventories188462411244243896374
Trade Receivables262269195123114134224424427451
Cash Equivalents 5928156512118114396105
Others Assets277204241250235217235118212144
Total Assets 1,0588247777068149151,2541,5181,7441,972

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 54346912115074204100219382
PBT 1069388115116140181211285365
Adjustment 3762414915378375160209
Changes in Working Capital -64-80-27264-51-17-129-136-98
Tax Paid -34-41-33-46-44-52-44-56-90-94
Cash Flow From Investing Activity -29-91-65-915-106-90-284-323
Capex -33-19-18-12-14-30-78-50-277-181
Net Investments 0-2-1-25-6889-17-62-1-153
Others 41220-28-9-54-1022-711
Cash Flow From Financing Activity -34-30-29-57-5-29-56-602-51
Net Proceeds from Shares 006000006416
Net Proceeds from Borrowing 16-19-10-5-100000
Interest Paid -9-14-13-4-10-7-8-14-18
Dividend Paid 00000-29-32-36-23-15
Others -403-11-48-30-17-16-25-33
Net Cash Flow -8-541-2555142-50-639
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.9317.5512.8314.2412.7113.6417.0817.7820.4320.89
ROCE (%)18.923.6718.7521.0418.619.9423.9324.4527.6428.37
Asset Turnover Ratio1.080.941.161.060.981.041.070.820.860.92
PAT to CFO Conversion(x)0.750.41.151.611.970.811.590.661.031.39
Working Capital Days
Receivable Days84110927458505610511094
Inventory Days384914881313212015
Payable Days-8,956246229478632387256515680785

CMS Info Systems Ltd Stock News

CMS Info Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of CMS Info Systems on 12-Apr-2024 16:59 is ₹401.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of CMS Info Systems stood at ₹6,539.
The latest P/E ratio of CMS Info Systems as of 12-Apr-2024 16:59 is 20.42.
The latest P/B ratio of CMS Info Systems as of 12-Apr-2024 16:59 is 3.81.
The 52-week high of CMS Info Systems is ₹421.1 and the 52-week low is ₹280.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CMS Info Systems is ₹1,915 ( Cr.) .

About CMS Info Systems Ltd

CMS Info Systems cater to broad set of outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India. The company’s integrated business platform is supported by customised technology and process controls, which enables it to offer its customers a wide range of tailored cash management and managed services solutions, while generating cross-selling opportunities and driving synergies and efficiencies across its business. The company also has a track record of successfully incubating and building multiple new service lines in areas adjacent to its business, which has allowed it to offer its customers a broader range of services and products, as well as realize synergies within its managed services business.

Its integrated service and product offering has enabled it to shift its business mix towards providing more integrated end-to-end services for its customers, which has meant that it is able to offer its customers lower pricing, more reliable service through a single point of accountability, improved advance planning of routes, faster reconciliation and improved days sales outstanding, which is a measure of the average number of days that it takes company to collect payment for sales, as well as increased customer loyalty and reduced customer turnover. Its ability to do this is demonstrated by its track record of winning large and complex end-to-end Brown Label deployment and managed services customer contracts and expanding the services it provide to its customers. Banks and other participants in India are increasingly also outsourcing their managed services needs, such as through Brown Label ATMs, where it deploy, maintain and manage ATMs on an end-to-end basis under a bank’s brand name, and other services, such as multi-vendor software solutions and remote monitoring, in order to drive better ATM management and accountability.

Business area of the company

The company operate its business in three segments. Cash management services includes end-to-end ATM replenishment services; cash pick-up and delivery; network cash management and verification services (together known as retail cash management services); and cash-in-transit services for banks. Managed services includes banking automation product sales, deployment and associated annual maintenance; end-to-end Brown Label deployment and managed services for banks; common control systems and software solutions, including multi-vendor software solutions and other security and automation software solutions; as well as remote monitoring for ATMs. Others include end-to-end financial cards issuance and management for banks and card personalization services.

Major events and milestones

  • 2008: Incorporation of Company as a private limited company, with the name of ‘Subhiksha Realty Private Limited’.
  • 2009: The IT infrastructure management division of CMS Computers Limited was demerged and transferred to Company, pursuant to a scheme of arrangement approved vide an order of the High Court of Bombay dated April 24, 2009.
  • 2009: Pursuant to a share subscription and shareholders agreement dated November 26, 2008, amongst CMS Computers Limited, Blackstone FP Capital Partners (Mauritius) V Limited, Ramesh Grover and certain other individuals/entities, the Company allotted two Equity shares for every three equity or preference shares of CMS Computers Limited as consideration of the demerger which resulted in Blackstone FP Capital Partners (Mauritius) V Limited acquiring 56.67% shareholding of the Company.
  • 2011: The ATM and cash management division of CMS Securitas Limited was demerged and transferred to our Company; pursuant to a scheme of arrangement approved vide orders of the High Court of Bombay and High Court of Delhi dated October 25, 2010 and January 17, 2011, respectively.
  • 2011: The Company acquired SIPL, through purchase of its entire shareholding pursuant to a share purchase agreement dated May 23, 2011 amongst SIPL, Anuj Puri, Anil Puri and the Company.
  • 2013: The Company won a large order for ATM deployment in India from SBI, to deploy more than 7,850 ATMs.
  • 2015: The IT and print division of the Company was demerged and transferred to CMS IT Services Private Limited, pursuant to a scheme of arrangement approved vide an order of the High Court of Bombay dated January 23, 2015.
  • 2015: The Company was converted from a private limited company into a public limited company and consequently the name of the Company was changed to its present name ‘CMS Info Systems Limited’, pursuant to a fresh certificate of incorporation granted by the RoC on January 27, 2015.
  • 2017: The Company acquired the business, assets and liabilities of Clover Transaction Systems Private Limited as a going concern, on an ‘as is where is’ basis and on slump sale basis, pursuant to a business transfer agreement.
  • 2018: The Company acquired the business undertaking, assets and liabilities of door-step banking business vertical of banking division of Checkmate Services Private Limited a going concern and on a slump sale basis, pursuant to a business transfer agreement.
  • 2020: The Company acquired 5,340 identified ATMs from Logicash Solutions Private Limited.
  • 2020: The Company entered into a service level agreement with State Bank of India to install 3,000 ATMs.
  • 2021: The Company won an order for remote monitoring of 9,520 ATMs from State Bank of India.
  • 2021: The Company entered into a share purchase agreement with Hemabh Solutions, Hemalsinh Gohil, Abhijeet Lamture and Hemabh Solutions Private Limited.
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