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Results
06-May-22
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Analysis
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Computer Age Management Services
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Maintains stable market share and healthy growth
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Computer Age Management Services has
posted healthy 23% growth in the net profit to Rs 73.84 crore in the quarter
ended March 2022 (Q4FY2022). Net sales have increased 21.73% to Rs 243.18
crore. Operating profit margin has jumped from 44.58% to 46.13%, leading to
25.95% rise in operating profit to Rs 112.17 crore. Employee cost decreased
from 35.58% to 35.06%. Other expenses fell from 19.84% to 18.81%. Other direct
service cost rose from 10.18% to 11.28%.
Other income rose 2.16% to Rs 4.25
crore. PBIDT rose 24.89% to Rs 116.42 crore. Provision for interest rose 2.29%
to Rs 1.79 crore. Loan funds rose to Rs 19.57 crore as of 31 March 2022 from Rs
14.61 crore as of 31 March 2021. Sundry debtors were lower at Rs 25.55 crore as
of 31 March 2022 compared to Rs 28.99 crore as of 31 March 2021. Cash and bank
balance declined from Rs 180.26 crore as of 31 March 2021 to Rs 150.81 crore as
of 31 March 2022. Investments rose to Rs 316.95 crore as of 31 March 2022 from
Rs 236.07 crore as of 31 March 2021.
PBDT rose 25.32% to Rs 114.63 crore.
Provision for depreciation rose 48.02% to Rs 15.69 crore. Fixed assets
increased to Rs 180.66 crore as of 31 March 2022 from Rs 150.42 crore as of 31
March 2021. Intangible assets stood at Rs 133.60 crore.
Profit before tax grew 22.34% to Rs
98.94 crore. Share of profit/loss were nil in both the periods. Provision for
tax was expense of Rs 25.1 crore, compared to Rs 20.74 crore. Effective tax
rate was 25.37% compared to 25.65%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company increased 22.80%
to Rs 73.84 crore.
The company has announced final dividend
of Rs 12 taking total dividend of Rs 38.75 per share for FY2022.
Business
highlights:
CAMS
register industry best growth in high yielding equity segment. CAMS equity
assets grew by 3.37 Lakh crore, 183% higher than rest of industry’s increase in
the same period. This led to increase in equity market share from 62.5% to 65%.
CAMS
had a 70% market share in overall gross sales for the year. CAMS funds also
continued to dominate the NFO market by garnering 70% of the equity NFO inflow
in FY’22.
CAMS
registered 158 lakh new SIPs in FY’22 as against 72.8 lakh in FY’21, 117%
increase from the previous year while rest of industry grew by 58% in the same
period.
myCAMS,
the largest app in Mutual fund arena, crossed 5 million Registered subscribers.
32% of the digital transactions of CAMS serviced funds was via myCAMS.
CAMS
wins the RTA Mandate from Zerodha Asset Management Private Limited (Zerodha)
for their proposed mutual fund
CAMS
strengthens its value proposition in the Alternative Services industry with
acquisition of majority stake in Fintech platform Fintuple Technologies
CAMSFinserv
account aggregator platform with TSP solution goes live with 2 clients in
Q4FY22. TSP and AA together create a compelling proposition - 10 new wins in Q4
CAMS
launches industry first CRA platform on cloud in March 2022. Within a short
span of time achieves 4.1% share in eNPS registrations (April 2022) &
achieves #2 position in eNPS industry (April 2022).
CAMSRep
launches deep contact tracing to track the untraceable policyholders. This
technology assists insurance companies in addressing their unclaimed amounts
and is seeing positive response from large private Insurers - five leading life
insurance companies have subscribed to the solution.
CAMSPay
launches UPI autopay for UPI recuring payments and Insta NACH/SIP, both being
industry first in Mutual Funds
Commenting on the performance, Anuj Kumar, Managing
Director said,
“We had a satisfactory quarter both in terms of our financial results and in
maintaining our strong focus on operational excellence and financial prudence.
Long term retail and HNI Mutual Fund investors’ confidence continued to remain
strong and we saw new highs in transaction volumes on the back of solid equity
inflows, SIP inflows and new SIP registrations during the quarter. We retain
our leadership position with a market share of nearly 69% based on the
quarterly AAuM and serve all Top 5 funds and 10 of Top 15 funds. Winning
Zerodha MF mandate was an endorsement of CAMS’s superior technology, aligned to
client business models.
Digital
pursuits remained central across our businesses. Our digital platforms
continued to make significant contribution to the digital adoption momentum in
the MF industry with myCAMS touching the 5 million user base and MF Central
processing over 2 lakh non-financial service requests with a complete digital
flow. AIF and PMS digital on-boarding portal Wealthserv is seeing encouraging
market response and our majority stake acquisition in Fintuple will further
strengthen our value proposition for this segment. Our industry first “deep
tracing solution” to reach policy holders with unclaimed amounts has been well
received with large Insurers subscribing to the solution. With UPI fast
becoming a preferred payment mode, CAMSPay has commenced offering UPI Autopay
solution as a unique offering for our MF clients’ digital portals and mobile
apps. The quarter saw momentum in the new business arena of Account Aggregator
where we have sharpened our technology integration offering which has helped us
win marquee brands in the financial services segment. CAMS Central Record
keeping Agency for National Pension System was launched by the Chairman, PFRDA
and CAMS eNPS portal is live for subscribers. Our CRA platform is the
industry’s first platform hosted on cloud.”
Financial Performance FY2022
Net sales have increased 28.94% to
Rs 909.67 crore in FY2022. Operating profit margin has jumped from 41.96% to
46.62%, leading to 43.29% rise in operating profit to Rs 424.13 crore in FY2022.
Employee cost decreased from 37.19% to 35.37%. Other expenses fell from 20.85%
to 18.01%. Other direct service cost fell from 11.15% to 10.22%.
Other income fell 41.97% to Rs 17.27
crore. PBIDT rose 35.50% to Rs 441.4 crore. Provision for interest fell 9.75%
to Rs 7.13 crore. Loan funds rose to Rs 19.57 crore in FY2022 from Rs 14.61
crore in FY2021. Sundry debtors were lower at Rs 25.55 crore in FY2022 compared
to Rs 28.99 crore in FY2021. Cash and bank balance declined from Rs 180.26
crore in FY2021 to Rs 150.81 crore in FY2022. Investments rose to Rs 316.95
crore in FY2022 from Rs 236.07 crore in FY2021.
PBDT rose 36.62% to Rs 434.27 crore.
Provision for depreciation rose 18.91% to Rs 51.62 crore. Fixed assets
increased to Rs 180.66 crore in FY2022 from Rs 150.42 crore in FY2021. Intangible
assets stood at Rs 133.60 crore.
Profit before tax grew 39.42% to Rs
382.65 crore. Share of profit/loss were nil in both the periods. Provision for
tax was expense of Rs 95.7 crore, compared to Rs 69.16 crore. Effective tax
rate was 25.01% compared to 25.20%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company increased 39.78%
to Rs 286.95 crore.
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Computer Age
Management Services : Consolidated Results
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Particulars
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2203 (3)
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2103 (3)
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Var %
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2203 (12)
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2103 (12)
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Var %
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Net Sales
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243.18
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199.77
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22
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909.67
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705.50
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29
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OPM (%)
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46.13
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44.58
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46.62
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41.96
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OP
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112.17
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89.06
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26
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424.13
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296.00
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43
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Other Inc.
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4.25
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4.16
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2
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17.27
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29.76
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-42
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PBIDT
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116.42
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93.22
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25
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441.40
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325.76
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35
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Interest
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1.79
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1.75
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2
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7.13
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7.90
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-10
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PBDT
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114.63
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91.47
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25
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434.27
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317.86
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37
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Depreciation
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15.69
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10.60
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48
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51.62
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43.41
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19
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PBT
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98.94
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80.87
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22
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382.65
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274.45
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39
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Share of Profit/(Loss)
from Associates
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0.00
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0.00
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-
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0.00
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0.00
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-
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PBT before EO
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98.94
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80.87
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22
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382.65
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274.45
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39
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EO Income
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0.00
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0.00
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-
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0.00
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0.00
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-
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PBT after EO
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98.94
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80.87
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22
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382.65
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274.45
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39
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Taxation
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25.10
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20.74
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21
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95.70
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69.16
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38
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PAT
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73.84
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60.13
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23
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286.95
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205.29
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40
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Minority Interest (MI)
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0.00
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0.00
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-
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0.00
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0.00
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-
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Net profit
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73.84
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60.13
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23
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286.95
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205.29
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40
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EPS (Rs)*
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60.4
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49.2
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58.6
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42.0
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* Annualized on
current equity of Rs 48.93 crore. Face Value: Rs 10 per share, Figures in Rs
crore
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Source: Capitaline
Corporate Database
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Previous News |
Computer Age Management Services fixes record date for interim dividend
(
Market Beat
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Reports
04-Aug-23
16:10
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CAMS appoints director
(
Corporate News
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03-Jul-24
14:28
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Computer Age Management Services consolidated net profit rises 48.23% in the September 2021 quarter
(
Results
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Announcements
14-Nov-21
17:14
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Computer Age Management Services to discuss results
(
Corporate News
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12-Apr-23
15:01
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CAMS Q1 PAT jumps 41% YoY to Rs 108 cr
(
Hot Pursuit
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05-Aug-24
11:52
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Computer Age Management Services to table results
(
Corporate News
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27-Sep-24
10:15
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Computer Age Management Services revises record date for interim dividend
(
Market Beat
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Reports
04-Nov-22
14:07
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CAMS rises after Q4 PAT jumps 39% YoY to Rs 103 cr
(
Hot Pursuit
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10-May-24
13:47
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Computer Age Management Services consolidated net profit declines 0.58% in the September 2022 quarter
(
Results
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Announcements
04-Nov-22
14:14
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CAMS to unveil new office at GIFT City
(
Corporate News
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19-Mar-24
15:30
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Volumes spurt at IIFL Finance Ltd counter
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Hot Pursuit
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