Computer Age Management Services Ltd.
NSE: CAMSComputer Age Management Services Ltd.: A 30-second snapshot
Computer Age Management Services (CAMS) is the largest Registrar and Transfer Agent for Indian mutual funds, reporting a trailing PE of 43.1x (forward 31.9x), ROE of 38.69%, and a profit margin of 31.4% as of the latest available period. The stock at ₹823.15 sits 7.5% above its 50-day moving average and 10.8% above its 200-day moving average, with RSI at 63.3 and a 3-month price gain of 28.6% following a year in which the price was essentially unchanged (+0.04%). Debt-to-equity stands at 4.86, elevated relative to the asset-light nature of the business, though the debt trend is reported as falling and free cash flow has been positive across all 4 available fiscal years.
P/E
43.1
Forward P/E
31.9
ROE
+38.7%
Debt / Equity
4.86
Profit Margin
+31.4%
Div. Yield
+1.5%
5Y ROE > 15%
4/5
5Y FCF > 0
4/5
Quality
76/100
News
8 headlines · 1 positive · 0 negative
Buy Computer Age Management Services; target of Rs 910: Geojit Financial Services - Moneycontrol.com
Moneycontrol.com
CAMS announces UK non-deal roadshow from Jun 22 - scanx.trade
scanx.trade
CAMS to meet Walter Scott & Partners on June 9, 2026 - scanx.trade
scanx.trade
HDFC AMC Data Breach: Forensic audit report expected next week - CNBC TV18
CNBC TV18
Vijaya Diagnostic, Dr Lal Path Labs: Small cap funds bet on industrials, pharma in May; check details - Business Today
Business Today
Recent context
- ·CAMS is conducting a UK non-deal roadshow beginning 22 June 2026 and met with Walter Scott and Partners on 9 June 2026, indicating active engagement with international institutional investors.
- ·A forensic audit report related to an HDFC AMC data breach was expected the week of 18 June 2026; HDFC AMC is among the fund houses whose investor records CAMS administers.
- ·Geojit Financial Services published a constructive note on CAMS on 15 June 2026; analyst coverage across 19 analysts shows a mean rating of 1.53 on a 1–5 scale (lower = more constructive).
Strengths
- +ROE of 38.69% and a profit margin of 31.4% reflect strong unit economics in the RTA segment; FCF has been positive across all 4 fiscal years with available data and the consistency score stands at 98 out of 100.
- +Revenue and earnings have each compounded at approximately 10–11% over 5 years, demonstrating sustained throughput growth tied to the secular expansion of the Indian mutual fund industry.
- +The stock trades 7.5% above its 50-DMA and 10.8% above its 200-DMA; at 4.39% below its 52-week high, the price is near multi-year recovery levels after a flat 12-month period.
- +Dividend yield of 1.52% alongside a falling debt trend and 4 consecutive years of positive FCF indicate that capital returns and balance sheet repair are occurring simultaneously.
Weaknesses
- −D/E of 4.86 is materially elevated for a fee-based, asset-light business; while the debt trend is falling, the current leverage ratio is inconsistent with the capital-light profile the RTA operating model typically implies.
- −Trailing PE of 43.1x against a 5-year earnings CAGR of 10.6% represents a significant premium; if MF industry AUM growth moderates or CAMS loses market share, this multiple leaves limited room for earnings disappointment without multiple compression.
- −The sector peer group assigned to CAMS (Banking: HDFC Bank, Axis Bank, Bajaj Finance, Bajaj Finserv, HDFC Life) does not reflect CAMS operating economics, limiting the utility of relative PE (43.1x vs sector median ~25x) and ROE comparisons for peer benchmarking.
- −A forensic audit into a data breach at HDFC AMC (reported 2026-06-18) highlights data-security scrutiny at the AMC level; CAMS, as the central RTA handling unit-holder data across multiple fund houses, operates in an environment where such incidents may invite broader regulatory and operational review.
Open questions
- ?Does the D/E ratio of 4.86 reflect structural leverage in the RTA business model, a specific historical financing event, or ongoing working-capital requirements — and how does the debt amortisation schedule look over the next 3 years?
- ?To what extent does CAMS revenue growth track mutual fund industry AUM growth directly, and what share of revenue is fee-per-transaction versus fixed retainer — making it more or less sensitive to AUM deceleration?
- ?The 3-month price gain of 28.6% following a flat 12-month period: is this consistent with a change in earnings expectations, a re-rating on sector flows, or mean reversion — and what does the forward PE of 31.9x imply about the growth rate the market is now pricing in?
- ?How does CAMS contractual relationship with AMCs address data-security liability and switching costs, and has the HDFC AMC data breach investigation prompted any public regulatory guidance about RTA data-handling obligations?
Peer comparison: Banking
Ranks 1 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| CAMS | Computer Age Management Services Ltd.You're viewing | 43.1 | +38.7% | 62 |
| Industry avg | across 5 peers | 32.2 | +14.2% | 38 |
| BAJFINANCE | Bajaj Finance Ltd. | 31.6 | +17.9% | 51 |
| AXISBANK | Axis Bank Ltd. | 16.1 | +13.2% | 50 |
| HDFCBANK | HDFC Bank Ltd. | 17.4 | +13.8% | 47 |
| BAJAJFINSV | Bajaj Finserv Ltd. | 29.0 | +14.6% | 23 |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 66.9 | +11.3% | 20 |
Technical state
Current price
₹823.15
SMA 50
₹769.55
SMA 200
₹743.05
RSI (14)
63.3 (neutral)
From 52w high
-4.4%
1Y return
+0.0%
3M return
+28.6%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumCAMS is classified alongside Banking peers (HDFC Bank, Axis Bank, Bajaj Finance, Bajaj Finserv, HDFC Life Insurance) despite operating as a Registrar and Transfer Agent providing mutual fund infrastructure — not a deposit-taking or lending entity. Peer rankings (PE: 5th of 6, ROE: 1st of 6, quality score: 1st of 6) should be read with this structural mismatch in mind; the comparison cohort does not reflect CAMS operating economics.
- mediumD/E of 4.86 is elevated for an asset-light RTA business where the operating model requires minimal fixed capital. The debt trend is reported as falling and FCF has been positive in 4 of 4 available fiscal years, which limits near-term solvency concern, but the leverage ratio is materially higher than what the fee-based business model would typically carry.
- lowTrailing PE of 43.1x and forward PE of 31.9x against a 5-year revenue CAGR of 11% and earnings CAGR of 10.6% represent a valuation that embeds continued double-digit compounding. Any deceleration in mutual fund industry AUM growth or erosion of CAMS market share could compress the multiple.
- lowOne headline references a forensic audit into an HDFC AMC data breach (reported 2026-06-18). CAMS provides servicing infrastructure across multiple AMCs; a sector-level data-security event, even at a third party, could draw scrutiny to RTA data handling practices.
Cross-section contradictions
- News sentiment is entirely positive or neutral (1 positive, 7 neutral, 0 negative across 8 articles), yet the 1-year price return is effectively flat at +0.04% following what was a significant drawdown period; the absence of negative news flow contrasts with a year of near-zero price appreciation.
- ROE of 38.69% ranks 1st among the 6-stock peer group by a wide margin and FCF has been positive in all 4 available fiscal years, yet the 1-year price change of +0.04% suggests the market has not re-rated the profitability premium over that period.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 21 Jun 2026 · rotates through NIFTY 500 every ~5 days