Computer Age Management Service Ltd. Investment Idea
FUNDAMENTALS :
(Source : ICICI DIRECT)
Computer Age Management Services Ltd.
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Computer Age Management Services Ltd.
Capital Markets company Computer Age Management Services announced Q2FY24 & H1FY24 results:
Financial Performance:
Q2FY24:
1. Consolidated Revenue increases by 13.5% YoY to Rs 275.08 crore.
2. Profit Before Tax (PBT) before Non-controlling interest grows by 16.8% YoY to Rs 113.28 crore.
3. Profit After Tax (PAT) witnesses a growth of 17.1% YoY, amounting to Rs 84.51 crore.
4. PAT Margins for Q2FY24 stand at 29.7%.
5. Basic EPS for Q2FY24 is Rs 17.24 (not annualized).
H1FY24:
1. Half-yearly consolidated revenue reaches Rs 536.38 crore, indicating a YoY growth of 12.0%.
2. PBT for H1FY24 stands at Rs 215.19 crore, with a YoY growth of 16.9%.
3. PAT for H1FY24 registers a growth of 17.5% YoY, amounting to Rs 160.85 crore.
4. PAT Margins for H1 FY24 are at 28.9%.
5. Basic EPS for H1FY24 is Rs 32.81 (not annualized).
Key Business Highlights:
1. CAMS MF AUM records a 20% YoY growth, standing at Rs 32.2 trillion.
2. CAMS Equity AUM witnesses a growth of 28% YoY, reaching Rs 15.2 trillion.
3. CAMS Equity market share grows by 120 basis points YoY, touching 65.5%.
4. Equity Net Sales market share in Q2FY24 amounts to 80%.
5. Non-MF revenue grows by 47% YoY, constituting approximately 13% of overall revenue.
6. Assets under service in CAMS alternatives exceed the Rs 2 trillion milestone.
7. CAMS KRA broadens its offerings in the Capital market, resulting in a 125% revenue growth YoY.
8. CAMSPay UPI autopay expands beyond MF, leading to a 2X growth in volumes.
9. Bima Central, an Insuretech initiative from CAMSRep, witnesses a 40% YoY growth in elA policy addition.
10. Think360.ai pilots its first Generative Al client project, paving the way for further implementation.
Commenting on the performance, Anuj Kumar, Managing Director, said, “It is heartening to share the company’s strong performance, both on the financial results front and around operational excellence. We have posted an impressive PAT of Rs 84.5 Crore, a 17% YoY growth, on the back of robust annual revenue growth of 13.5%.
The second quarter was marked by historic highs and key milestones across multiple operating dimensions, for Mutual Funds serviced by CAMS. Our overall assets under service touched a lifetime high of Rs.32.6 lakh crore and our market share remained steady at 68.5%. Equity assets recorded a 28 % Y-on-Y growth on the back of a rising share in equity sales alongside steady market movement. Individual investors’ participation remained vigorous and we added a record 16 lakh investors to our base to touch 2.83 Crore unique investors.
Revenue from businesses beyond Mutual Funds posted a noteworthy growth of 7.4% in sequential quarters and 47% on a YoY basis. CAMS KRA’s market outreach with the wider capital market began to see deal closures and sustained usage. Alternatives services scaled to Rs 2 lakh crore worth of assets under service and won over 15 new logos in the quarter. We are excited to announce the beta launch of Bima Central, an Insuretech initiative from our Insurance repository (CAMSRep) which aims to bring a new paradigm in the realm of policyholder services. Account Aggregator business CAMSfinserv’s momentum continued with 40 new signups and a market share of 9.5% (in linked accounts) during the quarter.
We are enthused by Think360.ai being selected as the only Indian company in the Top 100 AI Fintech companies globally. The company signed on 10 new clients and piloted its first Generative AI client project during the quarter. Fintuple is set to roll out a large transformational project with a leading private sector bank bolstering its technology stack offering for the BFSI segment.
LIST OF SHARE HOLDERS :
Seafarer Overseas Growth & Income Fund
Ashoka Whiteoak Icav - Ashoka Whiteoak India Opportunities Fund
Fidelity Investment Trust : Fidelity Emerging Markets Fund
Arisaig Asia Fund Limited
Abu Dhabi Investment Authority - Way
J P Morgan Funds
Goldman Sachs Funds - Goldman Sachs Emerging Markets Equity Portfolio
Vanguard Emerging Markets Stock Index Fund, A Series Of Vanguard International Equity Index Funds
Vanguard Total International Stock Index Fund
Goldman Sachs Trust-Goldman Sachs Emerging Markets Equity Fund
Ashish Parthasarthy
Trusts
Huf
Life Insurance Corporation Of India
Hdfc Bank Limited
Uti-Mid Cap Fund
Sundaram Mutual Fund A/C Sundaram Mid Cap Fund
360 One India Private Equity Fund - Series 1a
Kotak Small Cap Fund
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Banking And Financial Service.
N.B : I wanted to emphasize that the views I express are strictly personal and should not be construed as financial advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
(Source : ICICI DIRECT)
Computer Age Management Services Ltd.
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Computer Age Management Services Ltd.
Capital Markets company Computer Age Management Services announced Q2FY24 & H1FY24 results:
Financial Performance:
Q2FY24:
1. Consolidated Revenue increases by 13.5% YoY to Rs 275.08 crore.
2. Profit Before Tax (PBT) before Non-controlling interest grows by 16.8% YoY to Rs 113.28 crore.
3. Profit After Tax (PAT) witnesses a growth of 17.1% YoY, amounting to Rs 84.51 crore.
4. PAT Margins for Q2FY24 stand at 29.7%.
5. Basic EPS for Q2FY24 is Rs 17.24 (not annualized).
H1FY24:
1. Half-yearly consolidated revenue reaches Rs 536.38 crore, indicating a YoY growth of 12.0%.
2. PBT for H1FY24 stands at Rs 215.19 crore, with a YoY growth of 16.9%.
3. PAT for H1FY24 registers a growth of 17.5% YoY, amounting to Rs 160.85 crore.
4. PAT Margins for H1 FY24 are at 28.9%.
5. Basic EPS for H1FY24 is Rs 32.81 (not annualized).
Key Business Highlights:
1. CAMS MF AUM records a 20% YoY growth, standing at Rs 32.2 trillion.
2. CAMS Equity AUM witnesses a growth of 28% YoY, reaching Rs 15.2 trillion.
3. CAMS Equity market share grows by 120 basis points YoY, touching 65.5%.
4. Equity Net Sales market share in Q2FY24 amounts to 80%.
5. Non-MF revenue grows by 47% YoY, constituting approximately 13% of overall revenue.
6. Assets under service in CAMS alternatives exceed the Rs 2 trillion milestone.
7. CAMS KRA broadens its offerings in the Capital market, resulting in a 125% revenue growth YoY.
8. CAMSPay UPI autopay expands beyond MF, leading to a 2X growth in volumes.
9. Bima Central, an Insuretech initiative from CAMSRep, witnesses a 40% YoY growth in elA policy addition.
10. Think360.ai pilots its first Generative Al client project, paving the way for further implementation.
Commenting on the performance, Anuj Kumar, Managing Director, said, “It is heartening to share the company’s strong performance, both on the financial results front and around operational excellence. We have posted an impressive PAT of Rs 84.5 Crore, a 17% YoY growth, on the back of robust annual revenue growth of 13.5%.
The second quarter was marked by historic highs and key milestones across multiple operating dimensions, for Mutual Funds serviced by CAMS. Our overall assets under service touched a lifetime high of Rs.32.6 lakh crore and our market share remained steady at 68.5%. Equity assets recorded a 28 % Y-on-Y growth on the back of a rising share in equity sales alongside steady market movement. Individual investors’ participation remained vigorous and we added a record 16 lakh investors to our base to touch 2.83 Crore unique investors.
Revenue from businesses beyond Mutual Funds posted a noteworthy growth of 7.4% in sequential quarters and 47% on a YoY basis. CAMS KRA’s market outreach with the wider capital market began to see deal closures and sustained usage. Alternatives services scaled to Rs 2 lakh crore worth of assets under service and won over 15 new logos in the quarter. We are excited to announce the beta launch of Bima Central, an Insuretech initiative from our Insurance repository (CAMSRep) which aims to bring a new paradigm in the realm of policyholder services. Account Aggregator business CAMSfinserv’s momentum continued with 40 new signups and a market share of 9.5% (in linked accounts) during the quarter.
We are enthused by Think360.ai being selected as the only Indian company in the Top 100 AI Fintech companies globally. The company signed on 10 new clients and piloted its first Generative AI client project during the quarter. Fintuple is set to roll out a large transformational project with a leading private sector bank bolstering its technology stack offering for the BFSI segment.
LIST OF SHARE HOLDERS :
Seafarer Overseas Growth & Income Fund
Ashoka Whiteoak Icav - Ashoka Whiteoak India Opportunities Fund
Fidelity Investment Trust : Fidelity Emerging Markets Fund
Arisaig Asia Fund Limited
Abu Dhabi Investment Authority - Way
J P Morgan Funds
Goldman Sachs Funds - Goldman Sachs Emerging Markets Equity Portfolio
Vanguard Emerging Markets Stock Index Fund, A Series Of Vanguard International Equity Index Funds
Vanguard Total International Stock Index Fund
Goldman Sachs Trust-Goldman Sachs Emerging Markets Equity Fund
Ashish Parthasarthy
Trusts
Huf
Life Insurance Corporation Of India
Hdfc Bank Limited
Uti-Mid Cap Fund
Sundaram Mutual Fund A/C Sundaram Mid Cap Fund
360 One India Private Equity Fund - Series 1a
Kotak Small Cap Fund
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Banking And Financial Service.
N.B : I wanted to emphasize that the views I express are strictly personal and should not be construed as financial advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
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1st Target @round 3501.9 - 3587