CMS Info Systems Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:11 am

Market Cap	8,004 Cr.
Current Price	490
High / Low	616/355
Stock P/E	21.4
Book Value	124
Dividend Yield	1.17 %
ROCE	27.5 %
ROE	20.5 %
Face Value	10.0
PEG Ratio	1.25

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
IMEC Services Ltd	10.4 Cr.	54.8	54.8/3.76	14.9	8.79	0.00 %	2.47 %	1.85 %	10.0
Focus Business Solution Ltd	42.8 Cr.	93.1	105/59.2	87.4	14.7	0.11 %	16.1 %	13.5 %	10.0
EKI Energy Services Ltd	796 Cr.	288	449/207		153	0.00 %	24.0 %	26.2 %	10.0
CMS Info Systems Ltd	8,004 Cr.	490	616/355	21.4	124	1.17 %	27.5 %	20.5 %	10.0
Ashram Online.Com Ltd	6.96 Cr.	5.80	8.02/4.41	232	10.6	0.00 %	0.24 %	0.08 %	10.0
Industry Average	14,838.20 Cr	1,136.93		99.84	260.00	0.34%	15.24%	13.36%	9.05

All Competitor Stocks of

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	326	354	399	399	417	438	449	457	487	523	581	553	577
Expenses	237	252	294	292	302	318	310	322	359	394	432	412	433
Operating Profit	89	102	105	107	115	120	139	134	128	129	148	141	143
OPM %	27%	29%	26%	27%	28%	27%	31%	29%	26%	25%	26%	25%	25%
Other Income	1	9	2	17	2	4	4	6	6	31	34	10	11
Interest	4	3	4	4	5	5	5	4	4	4	4	4	4
Depreciation	21	21	26	28	32	31	33	34	34	36	38	37	38
Profit before tax	65	87	76	91	80	89	105	102	96	121	141	110	113
Tax %	24%	24%	27%	21%	26%	25%	26%	26%	26%	20%	21%	25%	26%
Net Profit	49	66	56	72	59	67	77	75	71	96	111	82	84
EPS in Rs	3.31	4.48	3.64	4.68	3.86	4.33	5.01	4.88	4.55	6.16	6.84	5.03	5.15

Last Updated: November 6, 2024, 7:01 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 23, 2024, 2:49 pm

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	783	742	903	1,162	1,131	1,408	1,704	2,047	2,143
Expenses	649	620	755	932	869	1,035	1,222	1,507	1,597
Operating Profit	134	122	148	230	262	373	482	539	546
OPM %	17%	16%	16%	20%	23%	26%	28%	26%	25%
Other Income	7	15	18	6	14	13	27	78	82
Interest	5	1	0	7	8	14	19	16	16
Depreciation	21	21	26	48	58	88	124	142	145
Profit before tax	115	116	140	181	211	285	365	459	467
Tax %	35%	34%	35%	30%	28%	25%	25%	23%
Net Profit	75	76	91	128	152	213	275	354	361
EPS in Rs	5.04	5.15	6.16	8.63	10.25	13.94	17.84	21.76	22.58
Dividend Payout %	-0%	-0%	-0%	21%	15%	18%	27%	26%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	1.33%	19.74%	40.66%	18.75%	40.13%	29.11%	28.73%
Change in YoY Net Profit Growth (%)	0.00%	18.40%	20.92%	-21.91%	21.38%	-11.02%	-0.38%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	18%
3 Years:	22%
TTM:	22%

Compounded Profit Growth
10 Years:	%
5 Years:	31%
3 Years:	32%
TTM:	29%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	27%

Return on Equity
10 Years:	%
5 Years:	19%
3 Years:	20%
Last Year:	21%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:32 pm

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	148	148	148	148	148	153	154	163	163
Reserves	413	522	589	686	803	1,059	1,342	1,726	1,866
Borrowings	7	-0	-0	-0	-0	-0	-0	-0	181
Other Liabilities	161	171	197	434	580	549	500	673	533
Total Liabilities	729	842	934	1,268	1,532	1,761	1,997	2,562	2,743
Fixed Assets	162	162	204	328	440	637	753	727	711
CWIP	1	0	3	4	23	42	20	18	71
Investments	143	215	195	240	281	266	426	613	562
Other Assets	422	464	532	696	787	815	798	1,205	1,400
Total Assets	729	842	934	1,268	1,532	1,761	1,997	2,562	2,743

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	121	150	74	204	100	219	382	385
Cash from Investing Activity +	-65	-91	5	-106	-90	-284	-323	-236
Cash from Financing Activity +	-57	-5	-29	-56	-60	2	-51	-51
Net Cash Flow	-2	55	51	42	-50	-63	9	98

Free Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	127.00	122.00	148.00	230.00	262.00	373.00	482.00	539.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	57	56	54	70	137	111	97	118
Inventory Days	49	212	169	82	182	149	233	238
Days Payable	329	603	318	363	642	610	763	806
Cash Conversion Cycle	-223	-335	-95	-211	-324	-349	-433	-450
Working Capital Days	63	49	49	21	35	60	57	58
ROCE %		19%	20%	24%	24%	28%	28%	28%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	65.59%	63.38%	63.16%	63.01%	60.98%	60.24%	46.48%	26.69%	26.69%	0.00%	0.00%	0.00%
FIIs	5.68%	9.54%	10.40%	10.61%	12.46%	13.12%	15.27%	23.76%	23.76%	36.34%	40.21%	39.99%
DIIs	11.93%	11.09%	11.65%	12.09%	12.14%	12.57%	20.96%	23.98%	23.43%	29.01%	28.40%	26.66%
Public	16.80%	15.99%	14.78%	14.30%	14.43%	14.04%	17.27%	25.56%	26.13%	34.65%	31.40%	33.35%
No. of Shareholders	2,18,570	1,43,091	1,30,634	1,18,270	1,09,201	1,14,003	1,20,804	1,43,365	1,54,547	1,68,942	1,60,764	1,77,142

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
360 ONE Focused Equity Fund	3,009,437	1.73	117.56	425,000	2024-12-19	608.1%
Aditya Birla Sun Life Digital India Fund	2,564,911	2.2	100.2	425,000	2024-12-19	503.51%
Aditya Birla Sun Life Small Cap Fund	1,867,325	1.64	72.95	425,000	2024-12-19	339.37%
Aditya Birla Sun Life Business Cycle Fund	901,131	2.14	35.2	425,000	2024-12-19	112.03%
Aditya Birla Sun Life Dividend Yield Fund	900,000	2.77	35.16	425,000	2024-12-19	111.76%
Parag Parikh ELSS Tax Saver Fund	709,493	0.87	27.72	425,000	2024-12-19	66.94%
Bank of India Small Cap Fund	425,000	1.77	16.6	425,000	2024-12-19	0%
Bank of India ELSS Tax Saver	329,000	1.06	12.85	425,000	2024-12-19	-22.59%
Bank of India ELSS Tax Saver - Eco Plan	329,000	1.06	12.85	425,000	2024-12-19	-22.59%
Motilal Oswal Nifty Microcap 250 Index Fund	228,862	1.1	8.94	425,000	2024-12-19	-46.15%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	22.22	19.31	15.07	11.39	9.10
Diluted EPS (Rs.)	21.39	18.67	14.33	11.09	8.87
Cash EPS (Rs.)	30.56	27.79	20.63	15.67	12.93
Book Value[Excl.RevalReserv]/Share (Rs.)	119.61	101.19	82.02	66.52	57.46
Book Value[Incl.RevalReserv]/Share (Rs.)	119.61	101.19	82.02	66.52	57.46
Revenue From Operations / Share (Rs.)	139.14	124.01	103.80	88.25	93.46
PBDIT / Share (Rs.)	38.92	35.78	26.62	20.91	17.50
PBIT / Share (Rs.)	29.69	27.24	20.62	16.62	13.67
PBT / Share (Rs.)	28.70	25.97	19.68	16.06	13.18
Net Profit / Share (Rs.)	21.33	19.25	14.63	11.39	9.10
NP After MI And SOA / Share (Rs.)	21.33	19.25	14.63	11.39	9.10
PBDIT Margin (%)	27.97	28.85	25.64	23.69	18.72
PBIT Margin (%)	21.33	21.96	19.86	18.83	14.63
PBT Margin (%)	20.62	20.94	18.96	18.20	14.10
Net Profit Margin (%)	15.32	15.52	14.09	12.90	9.73
NP After MI And SOA Margin (%)	15.32	15.52	14.09	12.90	9.73
Return on Networth / Equity (%)	17.83	19.02	17.83	17.11	15.84
Return on Capital Employeed (%)	22.93	24.21	22.18	22.40	21.69
Return On Assets (%)	13.05	14.14	12.07	10.45	10.10
Asset Turnover Ratio (%)	0.95	0.88	0.83	0.78	0.98
Current Ratio (X)	2.93	2.96	2.21	1.91	2.05
Quick Ratio (X)	2.70	2.76	2.06	1.73	1.94
Dividend Payout Ratio (NP) (%)	32.69	5.18	10.10	0.00	0.00
Dividend Payout Ratio (CP) (%)	22.82	3.59	7.16	0.00	0.00
Earning Retention Ratio (%)	67.31	94.82	89.90	0.00	0.00
Cash Earning Retention Ratio (%)	77.18	96.41	92.84	0.00	0.00
Interest Coverage Ratio (X)	39.08	28.16	28.33	37.59	35.40
Interest Coverage Ratio (Post Tax) (X)	22.42	16.15	16.57	21.47	19.42
Enterprise Value (Cr.)	6088.03	4116.77	3914.48	0.00	0.00
EV / Net Operating Revenue (X)	2.69	2.15	2.46	0.00	0.00
EV / EBITDA (X)	9.61	7.45	9.60	0.00	0.00
MarketCap / Net Operating Revenue (X)	2.81	2.23	2.55	0.00	0.00
Retention Ratios (%)	67.30	94.81	89.89	0.00	0.00
Price / BV (X)	3.26	2.73	3.23	0.00	0.00
Price / Net Operating Revenue (X)	2.81	2.23	2.55	0.00	0.00
EarningsYield	0.05	0.06	0.05	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 550.35

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 12.32% compared to the current share price 490.00

Intrinsic Value of as of December 22, 2024 is: 644.52

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 31.53% compared to the current share price 490.00

Last 5 Year EPS CAGR: 17.11%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.38%, which is a positive sign. The stock has a low average Cash Conversion Cycle of -302.50, which is a positive sign. The company has higher reserves (1,000.67 cr) compared to borrowings (20.89 cr), indicating strong financial stability. The company has shown consistent growth in sales (270.67 cr) and profit (259.89 cr) over the years.	The stock has a high average Working Capital Days of 49.00, which may not be favorable.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 15.32%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 22.93% (Industry Average ROCE: 15.24%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 17.83% (Industry Average ROE: 13.36%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 22.42
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.7
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 21.4 (Industry average Stock P/E: 94.85)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

CMS Info Systems Ltd. is a Public Limited Listed company incorporated on 26/03/2008 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L45200MH2008PLC180479 and registration number is 180479. Currently Company is involved in the business activities of Other business support service activities. Company’s Total Operating Revenue is Rs. 1407.67 Cr. and Equity Capital is Rs. 153.15 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Services - Others	T-151, 5th Floor, Sector-11, Tower No. 10, New Mumbai Maharashtra 400614	investors@cms.com http://www.cms.com

Management
Name	Position Held
Mrs. Shyamala Gopinath	Chairperson & Non Executive Director
Mr. Rajiv Kaul	Exe.Vice Chairman & Whole Time Director
Mr. Jimmy Lachmandas Mahtani	Non Executive Director
Mr. Krzysztof Wieslaw Jamroz	Non Executive Director
Mr. Tapan Ray	Ind. Non-Executive Director
Mr. Sayali Karanjkar	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹550.35, which is 12.32% higher than the current market price of ₹490.00. The stock has a market capitalization of 8,004 Cr. and recorded a high/low of 616/355 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,866 Cr and total liabilities of ₹2,743 Cr.

What is the Market Cap of ?

The Market Cap of is 8,004 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 490.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 616/355.

What is the Stock P/E of ?

The Stock P/E of is 21.4.

What is the Book Value of ?

The Book Value of is 124.

What is the Dividend Yield of ?

The Dividend Yield of is 1.17 %.

What is the ROCE of ?

The ROCE of is 27.5 %.

What is the ROE of ?

The ROE of is 20.5 %.

What is the Face Value of ?

The Face Value of is 10.0.