CMS Info Systems Ltd. (IN:CMSINFO)
:CMSINFO
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CMS Info Systems Ltd.
(CMSINFO)
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Rating:67Neutral
Price Target:
₹329.00
▲(3.46% Upside)
Action:Reiterated
Date:05/17/26
The score is primarily supported by profitable growth and a low-leverage balance sheet, but is held back by FY2026 cash-flow weakness (free cash flow near breakeven despite strong net income) and only neutral technical momentum. Valuation is moderate with a supportive dividend yield.
Positive Factors
Conservative Balance Sheet
Low leverage and a growing equity base provide financial flexibility for contract bidding, network expansion and absorbing cyclical shocks. Limited debt reduces refinancing risk and interest burden, supporting long-term stability and capacity to invest in service footprint or technology.
Negative Factors
Weak Free Cash Flow / Cash Conversion
A sharp divergence between net income and free cash flow indicates working-capital or reinvestment pressure that undermines cash generation quality. Persistently weak FCF limits ability to self-fund growth, pay dividends or build cash cushions, increasing reliance on operational improvements or external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a growing equity base provide financial flexibility for contract bidding, network expansion and absorbing cyclical shocks. Limited debt reduces refinancing risk and interest burden, supporting long-term stability and capacity to invest in service footprint or technology.
Read all positive factors
CMS Info Systems Ltd. (CMSINFO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹49.70B
Dividend Yield2.71%
Average Volume (3M)109.73K
Price to Earnings (P/E)16.5
Beta (1Y)1.17
Revenue Growth2.58%
EPS Growth-18.98%
CountryIN
Employees8,041
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)21.77
Shares Outstanding164,637,540
10 Day Avg. Volume198,734
30 Day Avg. Volume109,728
Financial Highlights & Ratios
PEG Ratio-0.76
Price to Book (P/B)1.80
Price to Sales (P/S)1.76
P/FCF Ratio976.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹380.00Price Target Upside19.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)22.8
Revenue Forecast (FY)₹28.14B
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 manag...
How the Company Makes Money
CMS Info Systems makes money primarily by providing outsourced, contract-based services to banks, ATM deployers, and other enterprises that require cash circulation and banking infrastructure operations. Key revenue streams include: (1) Cash manag...
CMS Info Systems Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
84
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.37B | 24.87B | 24.25B | 22.65B | 19.15B | 15.90B |
| Gross Profit | 19.79B | 17.00B | 21.86B | 14.99B | 13.56B | 10.85B |
| EBITDA | 6.42B | 5.96B | 5.80B | 6.33B | 5.52B | 4.08B |
| Net Income | 3.58B | 3.03B | 3.72B | 3.47B | 2.97B | 2.24B |
Balance Sheet | ||||||
| Total Assets | 31.71B | 32.38B | 31.20B | 26.59B | 21.01B | 18.56B |
| Cash, Cash Equivalents and Short-Term Investments | 4.46B | 4.46B | 7.86B | 6.25B | 4.05B | 2.85B |
| Total Debt | 2.23B | 2.21B | 1.90B | 1.81B | 2.03B | 1.93B |
| Total Liabilities | 8.38B | 8.06B | 8.53B | 7.12B | 5.39B | 6.00B |
| Stockholders Equity | 23.33B | 24.32B | 22.67B | 19.47B | 15.62B | 12.56B |
Cash Flow | ||||||
| Free Cash Flow | -2.91B | 44.74M | 3.28B | 3.32B | 2.13B | -274.55M |
| Operating Cash Flow | -1.17B | 4.14B | 4.83B | 4.40B | 4.07B | 2.57B |
| Investing Cash Flow | 753.72M | -2.95B | -2.66B | -3.25B | -3.23B | -3.26B |
| Financing Cash Flow | -1.34B | -2.39B | -1.44B | -521.17M | -521.73M | 5.69M |
CMS Info Systems Ltd. Technical Analysis
Negative
318.00
Price Trends
296.01
Positive
307.66
Negative
344.47
Negative
Market Momentum
2.46
Negative
50.11
Neutral
66.52
Neutral
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 318 is above the 20-day moving average (MA) of 299.31, above the 50-day MA of 296.01, and below the 200-day MA of 344.47, indicating a neutral trend. The MACD of 2.46 indicates Negative momentum. The RSI at 50.11 is Neutral, neither overbought nor oversold. The STOCH value of 66.52 is Neutral, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹11.53B | 13.44 | ― | ― | 7.44% | -27.87% | |
69 Neutral | ₹4.34B | 11.84 | ― | 4.81% | 0.55% | -30.67% | |
67 Neutral | ₹49.70B | 16.50 | ― | 2.71% | 2.58% | -18.98% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ₹16.38B | 44.68 | ― | ― | 22.24% | -1.25% | |
56 Neutral | ₹42.70B | 38.25 | ― | 0.91% | 4.23% | -30.96% | |
55 Neutral | ₹19.20B | 43.38 | ― | 1.51% | 0.97% | -78.30% |
* Industrials Sector Average
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CMS Info Systems Ltd. Corporate Events
CMS Info Systems wins ₹400 crore, 5-year ATM services deal from HDFC Bank
May 10, 2026
CMS Info Systems has secured a five-year integrated ATM managed services mandate from HDFC Bank, valued at ₹400 crore and spanning 6,000 ATMs across India. Under the contract, CMS will provide services such as currency forecasting and logist...
CMS Info Systems to Acquire FSS ATM Management Assets in ₹115-Crore Deal
Mar 28, 2026
CMS Info Systems has approved the acquisition of operating assets related to the ATM management solutions business of Financial Software and Systems Private Ltd., including the novation of customer contracts covering roughly 8,000 ATMs. The deal, ...
CMS Info Systems to Hold Virtual Meet with Analysts and Institutional Investors on Feb 25
Feb 20, 2026
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 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.