Computer Age Management Services Limited has informed the Exchange about Transcript
CAMS · price
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CAMS reported Q1 FY26 revenue of around INR355 crores (7% YoY growth) with EBITDA margin of 43.7% and PAT margin close to 30%. Assets under administration crossed INR50 trillion for the first time, with equity assets surpassing INR25 lakh crores and overall market share holding at 68%. Management confirmed that 90% of the large account price reset is now in the base, with yield depletion of about 5% this quarter expected to normalize to the historical 3-3.5% annual range, giving 18-24 months of pricing stability. The company declared an interim dividend of INR11 per share, backed by a healthy INR788 crores cash balance, and guided to 45%+ EBITDA margins on a steady-state basis.
Clear visibility on margin trajectory with major repricing event largely behind the company, supported by cost discipline (cost growth contained at ~11% YoY) and productivity gains from the cloud rearchitecture platform (INR450-500 crores total project, first module going live by late FY27). Multi-year growth runway from 7 new AMC wins (4 yet to go live), Jio BlackRock NFO traction, KRA acquisition of DotEx, and 25% growth target in non-MF businesses make the stock attractive for investors with a 2-3 year horizon. Interim dividend underlines strong cash generation.