CMS Info Systems Ltd. (CMSINFO) AI Stock Analysis

• Market Cap: ₹49.92B
• Dividend Yield: 2.71%
• Average Volume (3M): 109.73K
• Price to Earnings (P/E): 15.5
• Beta (1Y): 1.44
• Revenue Growth: 0.13%
• EPS Growth: -3.14%
• Country: IN
• Employees: 8,041
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 3.49
• Shares Outstanding: 164,472,530
• 10 Day Avg. Volume: 198,734
• 30 Day Avg. Volume: 109,728
• PEG Ratio: 8.41
• Price to Book (P/B): 3.54
• Price to Sales (P/S): 3.31
• P/FCF Ratio: 24.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹400.00
• Price Target Upside: 31.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 21.2
• Revenue Forecast (FY): ₹25.45B

• Rating: 74 Outperform
• Price Target: ₹340.00 ▲(12.03% Upside)
• Action: Reiterated Date: 10/23/25
• Date: Action: Reiterated 10/23/25

CMS Info Systems Ltd. receives a solid overall stock score of 74, driven primarily by its strong financial performance and reasonable valuation. The company's robust profitability, stable balance sheet, and effective cash flow management underpin its financial health. While technical analysis presents some bearish signals, the stock's valuation remains attractive, supported by a fair P/E ratio and a decent dividend yield.

Positive Factors

Conservative balance sheet

A very high equity ratio and low leverage provide durable financial flexibility, reducing refinancing and interest risks. With a 16.4% ROE the company converts equity into returns efficiently, supporting stable capital allocation and resilience through economic cycles over the medium term.

Strong cash generation

Consistent operating cash flow above reported earnings and solid free cash flow conversion supports internal funding for capex, working capital and dividends. Sustained cash generation lowers dependence on debt and enables strategic investments without stressing the balance sheet.

High margins & profitability

Very high gross margins and healthy EBITDA/net margins indicate scalable service economics and pricing power in core operations. Coupled with steady top-line growth, this margin structure supports durable profitability and the ability to reinvest in service networks and technology over the medium term.

Negative Factors

Declining EPS growth

Material negative EPS growth signals pressure on per-share earnings which, if persistent, can erode investor returns and restrict reinvestment capacity. Ongoing declines may reflect margin compression, higher costs, or one-off items that could impair long-term earnings momentum.

Moderate revenue expansion

Steady but modest revenue growth limits the pace at which operating leverage and scale advantages can compound. In a competitive services market, sub-10% top-line growth may constrain long-term market share gains and make sustained margin improvements harder without new service adjacencies.

Contracted-service concentration

Heavy reliance on long-term outsourced contracts with BFSI clients concentrates revenue risk around renewals and pricing cycles. Structural shifts in payments or client consolidation could reduce volumes; dependence on contractual renewals creates durability risk to revenue if contracts are lost or repriced.

CMS Info Systems Ltd. Business Overview & Revenue Model

Company Description

CMS Info Systems Limited operates as a cash management company. It engages in installing, maintaining, and managing assets and technology solutions on end-to-end outsourced basis for banks under long term contracts. The company provides cash management services, including end-to-end ATM replenishment services; cash pick-up and delivery; network cash management and verification services; and cash-in-transit services for banks. It also offers managed services, such as banking automation product sales, deployment, and associated annual maintenance; end-to-end brown label deployment and managed services for banks; common control systems and software solutions, including multi-vendor software solutions and other security and automation software solutions; and remote monitoring services for ATMs. In addition, the company provides end-to-end financial cards issuance and management for banks; and card personalization services. CMS Info Systems Limited was incorporated in 2008 and is based in Mumbai, India.

How the Company Makes Money

CMS Info Systems generates revenue through multiple streams. Its primary revenue sources include cash management services, which encompass cash-in-transit, cash processing, and ATM replenishment services. The company also earns income from its technology solutions, such as software for cash management and payment processing systems. Additionally, CMSINFO has established partnerships with banks and financial institutions, allowing it to provide integrated cash management solutions. These collaborations enhance its market presence and contribute significantly to its overall earnings. The company may also benefit from transaction fees associated with its digital payment services, further diversifying its revenue model.

CMS Info Systems Ltd. Financial Statement Overview

Summary

CMS Info Systems Ltd. demonstrates strong financial performance with robust profitability, stable balance sheet, and effective cash flow management. The company shows consistent revenue and profit growth, underpinned by effective cost management and operational efficiency. Its conservative leverage and strong equity position contribute to financial stability, while healthy cash flows provide flexibility for future investments.

Income Statement

CMS Info Systems Ltd. demonstrates strong profitability with a consistent increase in gross profit and net profit margins over the years. The company’s gross profit margin improved to 90.2%, and net profit margin reached 15.4%. Revenue growth is steady, increasing by approximately 7.1% annually. EBIT and EBITDA margins show solid operational efficiency, standing at 56.1% and 23.9% respectively. The consistent growth in revenue and profitability highlights a robust business model with effective cost management.

Balance Sheet

The balance sheet of CMS Info Systems Ltd. indicates financial stability with a healthy equity ratio of 72.6%, suggesting a strong asset base supported by equity. The debt-to-equity ratio is low at 8.4%, reflecting conservative leverage practices. The return on equity is commendable at 16.4%, indicating effective utilization of equity. While the company maintains a solid equity position, continual monitoring of asset growth relative to liabilities is advisable to sustain financial stability.

Cash Flow

The cash flow statement for CMS Info Systems Ltd. reflects strong cash generation capabilities. Operating cash flow has increased steadily, supporting a high operating cash flow to net income ratio of 1.30, indicative of effective earnings conversion. Free cash flow growth is robust despite some fluctuations in capital expenditures, underscored by a free cash flow to net income ratio of 0.88. The company’s cash flow management highlights its capacity to fund operations and investments internally, reducing reliance on external financing.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	24.53B	24.25B	22.65B	19.15B	15.90B	13.06B
Gross Profit	19.78B	21.86B	14.99B	13.56B	10.85B	8.61B
EBITDA	6.60B	5.80B	6.33B	5.52B	4.08B	3.09B
Net Income	3.75B	3.72B	3.47B	2.97B	2.24B	1.69B
Balance Sheet
Total Assets	0.00	31.20B	26.59B	21.01B	18.56B	16.12B
Cash, Cash Equivalents and Short-Term Investments	7.86B	7.86B	6.25B	4.05B	2.85B	3.07B
Total Debt	0.00	1.90B	1.81B	2.03B	1.93B	1.27B
Total Liabilities	-22.67B	8.53B	7.12B	5.39B	6.00B	6.27B
Stockholders Equity	22.67B	22.67B	19.47B	15.62B	12.56B	9.84B
Cash Flow
Free Cash Flow	0.00	3.28B	3.32B	2.13B	-274.55M	1.30B
Operating Cash Flow	0.00	4.83B	4.40B	4.07B	2.57B	1.85B
Investing Cash Flow	0.00	-2.66B	-3.25B	-3.23B	-3.26B	-1.49B
Financing Cash Flow	0.00	-1.44B	-521.17M	-521.73M	5.69M	-617.19M

CMS Info Systems Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 303.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CMSINFO, the sentiment is Negative. The current price of 303.5 is below the 20-day moving average (MA) of 314.93, below the 50-day MA of 326.72, and below the 200-day MA of 400.49, indicating a bearish trend. The MACD of -6.04 indicates Positive momentum. The RSI at 38.12 is Neutral, neither overbought nor oversold. The STOCH value of 13.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CMSINFO.

CMS Info Systems Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMSINFO	74 Outperform	₹49.92B	15.50	―	2.71%	0.13%	-3.14%
RADIANTCMS	69 Neutral	₹3.94B	10.76	―	4.81%	4.57%	-10.62%
PDSL	66 Neutral	₹43.05B	41.70	―	0.91%	11.49%	-32.79%
ONEPOINT	66 Neutral	₹12.38B	32.07	―	―	25.17%	9.55%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
UDS	63 Neutral	₹10.52B	11.42	―	―	8.98%	13.54%
HGS	49 Neutral	₹17.47B	39.45	―	1.51%	-2.43%	-100.43%

CMS Info Systems Ltd. Corporate Events

CMS Info Systems to Hold Virtual Meet with Analysts and Institutional Investors on Feb 25

CMS Info Systems has announced that its authorised officials will participate in a virtual group meeting with a broad set of analysts and institutional investors, including brokerages, asset managers and insurance firms, on February 25, 2026. The interaction, which will be limited to publicly available information and exclude any unpublished price-sensitive data, underscores the company’s ongoing investor engagement efforts and commitment to transparent communication with market participants.

The scheduled meeting signals continued interest from diverse institutional stakeholders in the company’s performance and outlook, reflecting its relevance within the financial services ecosystem. While the timetable may change due to exigencies from either side, the planned engagement helps reinforce CMS Info Systems’ visibility in the capital markets and supports informed investor understanding of the business within regulatory norms.