CMS Info Systems logo

CMS Info Systems

CMSINFO NSE

Key Fundamentals

MicrocapDiversified ServicesCommercial Services
Market Cap
₹3,690 Cr
Volatility
Low Risk
P/E Ratio
12.48
EBITDA
₹642 Cr
Return on Equity
12.47%
Debt to Equity
0
Book Value
₹151.68
EPS
₹21.73
52W High
₹429.65
52W Low
₹226.7

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 32.5%

Growth Rate

Revenue Growth
2.33% lower than 3Y
Net Income Growth
-18.55% lower than 3Y
Cash Flow Change
-19.26% lower than 3Y
ROE
-24.1% lower than 3Y
ROCE
-23.82% higher than 3Y
EBITDA Margin (Avg.)
-7.42% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk medium

CMS Info Systems is India's largest cash management and banking logistics player with a market cap of ₹4,555 crore, trading at a PE of 14.9x. FY26 was a challenging year with revenue growing only 3% to ₹2,487 crore and net profit declining 19% to ₹303 crore. The company remains virtually debt-free but faces pressure from slowing cash-economy tailwinds and rising working capital requirements.

Bull Case 7
  • Almost debt-free balance sheet provides financial flexibility and reduces interest burden in a rising rate environment
  • Attractive valuation at PE of 14.9x versus 5-year profit CAGR of 13%, suggesting earnings power is not fully priced in
  • Market leadership in Indian cash management with plans to expand ATM fleet to 73,000+ units by FY27, indicating visible growth runway in managed services
  • Q4 FY26 services revenue crossed ₹600 crore for the first time with EBITDA margin expanding 280 bps QoQ to 25.6%, signaling operational recovery
  • 5-year compounded sales CAGR of 14% (₹1,590 crore in FY22 to ₹2,487 crore in FY26) demonstrates consistent top-line scaling
  • Dividend yield of 1% provides modest income, supported by strong free cash generation from an asset-light service model
  • Management commentary indicates business bottomed out in Q3 FY26 with Q4 showing 38% sequential PAT improvement to ₹79 crore
Bear Case 8
  • FY26 net profit declined 19% YoY to ₹303 crore from ₹372 crore, indicating meaningful earnings deterioration
  • Stock has declined 47% over the past 1 year, reflecting severe market repricing of growth expectations
  • TTM revenue growth has decelerated sharply to just 3% in FY26 versus 18% in FY24, raising questions about structural growth ceiling
  • Working capital days have deteriorated from 75.9 days to 117 days, tying up more capital and potentially straining cash flows
  • ROE has declined from 16-17% (3-5 year average) to 13% in the latest year, indicating falling capital efficiency
  • FY26 EBITDA fell 5% YoY to ₹600 crore with full-year margin compressing to 24.1% versus 25.8% in FY25
  • 3-year stock CAGR of -10% signals sustained value destruction despite underlying business remaining profitable
  • Core cash logistics business faces secular headwinds from India's digital payments push (UPI), potentially limiting long-term addressable market

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Positives 1
  • ₹168 crore buyback completed Jun 13

    CMS Info Systems completed buyback of 49.39 lakh equity shares at ₹340 per share, totaling ₹167.93 crore. The offer was massively oversubscribed at 906.64% with 11,854 valid bids, signaling strong shareholder confidence.

TL;DR: CMS Info Systems demonstrated shareholder-friendly capital allocation by completing a well-subscribed buyback at ₹340 per share. The 906% oversubscription indicates strong investor conviction in the stock's value. No visible headwinds from recent news flow. With limited news catalysts, the near-term trajectory will depend on upcoming quarterly earnings and broader sector sentiment.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
512
544
582
627
599
625
581
619
627
609
618
633
635
Expenses
364
398
432
472
447
472
422
457
470
471
479
472
466
Operating Profit
148
146
151
155
152
153
159
162
158
137
140
161
169
OPM %
29%
27%
26%
25%
25%
24%
27%
26%
25%
23%
23%
25%
27%
Other Income
7
8
8
11
12
14
12
14
16
11
-2
12
15
Interest
4
4
4
4
4
5
5
5
4
5
4
6
6
Depreciation
36
36
38
40
39
39
41
43
45
48
56
59
73
PBT
114
114
117
123
121
123
125
129
126
96
77
107
105
Tax %
26%
26%
26%
26%
25%
26%
26%
24%
25%
23%
25%
26%
20%
Net Profit
84
84
87
91
91
91
93
98
94
73
57
79
84
EPS in Rs
5.46
5.39
5.56
5.62
5.58
5.57
5.67
5.94
5.69
4.46
3.49
4.8
5.23
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
978
1,146
1,383
1,306
1,590
1,915
2,265
2,425
2,487
2,494
Expenses
830
948
1,129
1,012
1,190
1,377
1,665
1,798
1,891
1,887
Operating Profit
147
198
254
294
400
538
599
627
596
607
OPM %
15%
17%
18%
22%
25%
28%
26%
26%
24%
24%
Other Income
8
13
5
16
8
15
34
51
36
35
Interest
1
7
7
8
14
20
16
18
19
22
Depreciation
32
54
57
63
92
132
150
161
208
236
PBT
122
150
195
238
301
401
467
498
405
385
Tax %
34%
36%
31%
29%
26%
26%
26%
25%
25%
—
Net Profit
80
96
135
169
224
297
347
372
303
293
EPS in Rs
5.42
6.5
9.1
11.39
14.63
19.25
21.33
22.66
18.43
17.98
Div. Payout %
0%
25%
20%
13%
17%
25%
27%
42%
28%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
148
148
148
148
153
154
163
164
165
Reserves
526
598
702
836
1,103
1,408
1,784
2,102
2,268
Borrowings
0
0
0
0
0
0
0
0
0
Other Liabilities
228
347
482
627
600
539
712
853
806
Total Liabilities
902
1,093
1,333
1,612
1,856
2,101
2,659
3,120
3,238
Fixed Assets
264
381
426
533
750
869
836
857
1,150
CWIP
1
3
4
23
44
20
18
164
118
Investments
92
12
57
112
124
279
485
616
374
Other Assets
545
697
846
943
938
932
1,319
1,482
1,596
Total Assets
902
1,093
1,333
1,612
1,856
2,101
2,659
3,120
3,238
Figures in ₹ Crores

Cash Flow

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
149
102
214
185
257
407
440
483
390
Investing
-89
6
-119
-149
-326
-323
-325
-266
-268
Financing
-8
-52
-58
-62
1
-52
-52
-144
-240
Net Cash Flow
51
56
37
-26
-69
32
63
72
-119
Free Cash Flow
129
71
131
135
-27
215
334
331
-16
CFO/OP
135
82
104
83
89
96
94
95
85
Figures in ₹ Crores

Ratios

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
73
80
88
140
115
100
116
123
131
Inventory Days
—
170
82
182
151
233
238
122
122
Days Payable
—
310
327
622
584
708
755
535
549
Cash Conversion Cycle
73
-60
-156
-300
-318
-374
-401
-291
-296
Working Capital Days
66
62
46
45
59
60
60
50
75
ROCE %
—
22%
25%
27%
28%
30%
27%
24%
18%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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58 extracted metrics + investor summaries across FY09–FY27.

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Shareholding Pattern

DIIs36.00%Public26.75%Others14.56%FIIs22.70%As ofJun 2026

Documents

Frequently Asked Questions about CMS Info Systems

What does CMS Info Systems Ltd do?
CMS Info Systems Limited is India's largest cash management company in terms of the number of ATM points and retail pick-up points as of March 31, 2021. The company is engaged in installing, maintaining, and managing assets and technology solutions on an end-to-end outsourced basis for banks, fin...
Where is CMS Info Systems Ltd (CMSINFO) listed?
CMS Info Systems Ltd trades as CMSINFO on the NSE and under code 543441 on the BSE.
Which sector does CMS Info Systems Ltd belong to?
CMS Info Systems Ltd is classified under the Commercial Services sector, in the Diversified Services industry.
What is the market capitalisation of CMS Info Systems Ltd?
CMS Info Systems Ltd has a market capitalisation of ₹3,690 Cr, which places it in the Small Cap band.
What is the PE ratio of CMS Info Systems Ltd?
CMS Info Systems Ltd trades at a PE ratio of 12.48, on earnings per share of ₹21.73, against a book value of ₹151.68 per share.
What is the 52-week high and low of CMS Info Systems Ltd?
Over the last 52 weeks CMS Info Systems Ltd has traded between ₹226.7 and ₹429.65.
Does CMS Info Systems Ltd pay dividends?
CMS Info Systems Ltd has a dividend yield of 2.33%.
What is the Return on Equity (ROE) of CMS Info Systems Ltd?
CMS Info Systems Ltd reported a return on equity of 12.47%. Its debt-to-equity ratio is 0.00.

Company Information

CMS Info Systems Limited is India's largest cash management company in terms of the number of ATM points and retail pick-up points as of March 31, 2021. The company is engaged in installing, maintaining, and managing assets and technology solutions on an end-to-end outsourced basis for banks, financial institutions, organized retail and e-commerce companies in India.

Website cms.com
CEO Mr. Rajiv Kaul
Employees 8,647
Listed 2021-12-31
Face Value ₹ 10
Issued Size 16,44,72,541

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