CMS Info Systems Ltd. (CMSINFO) AI Stock Analysis

• Market Cap: ₹51.83B
• Dividend Yield: 2.71%
• Average Volume (3M): 109.73K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 1.43
• Revenue Growth: 0.13%
• EPS Growth: -3.14%
• Country: IN
• Employees: 8,041
• Sector: Services
• Sector Strength: N/A
• Industry: Specialty Business Services
• EPS (TTM): N/A
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ₹359.00 ▲(2.69% Upside)

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

Cash Generation

Strong operating cash flow conversion (OCF/net income 1.30) and solid free cash flow metrics indicate the business generates reliable internal liquidity. Durable cash generation supports funding of capex, working capital and dividends, reducing reliance on external financing and enabling medium-term investment.

Balance Sheet Strength

A high equity ratio and very low leverage demonstrate conservative capital structure and financial flexibility. This balance sheet strength allows the company to absorb shocks, bid for large contracts and invest in network scale, underpinning operational continuity and strategic optionality over months to years.

Profitability and Margins

Very wide gross margins and healthy operating/net margins reflect scalable, low-variable-cost service economics and effective cost control in managed services. Durable contract-based revenues and operational efficiency support sustained profitability and strong cash flow generation across business cycles.

Negative Factors

Customer / Sector Concentration

Heavy concentration in the BFSI sector raises exposure to banking cycles, regulatory changes and client consolidation. Structural shifts in payments or bank outsourcing budgets could materially affect demand and pricing power, making revenue diversification a medium-term strategic challenge.

Negative EPS Trend

Reported negative EPS growth suggests per-share earnings have declined despite other positives, which could reflect margin pressure, cost increases or share-count effects. If persistent, declining EPS can constrain reinvestment, dividend capacity and investor confidence over the medium term.

Earnings Volatility / Market Sensitivity

An above-market beta (~1.43) indicates heightened sensitivity to economic and market cycles. For a services provider tied to banking transaction volumes, this raises the risk of more volatile revenues and cash flows in downturns, potentially impacting contract renewals and margin stability over time.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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: 349.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 349.6 is above the 20-day moving average (MA) of 328.68, above the 50-day MA of 341.20, and below the 200-day MA of 415.23, indicating a bearish trend. The MACD of -7.08 indicates Positive momentum. The RSI at 41.80 is Neutral, neither overbought nor oversold. The STOCH value of 31.75 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMSINFO	74 Outperform	₹51.83B	14.48	―	2.71%	0.13%	-3.14%
RADIANTCMS	73 Outperform	₹4.79B	12.27	―	4.81%	4.57%	-10.62%
PDSL	66 Neutral	₹47.82B	44.08	―	0.91%	11.49%	-32.79%
ONEPOINT	66 Neutral	₹13.49B	34.38	―	―	25.17%	9.55%
UDS	63 Neutral	₹10.21B	8.72	―	―	8.98%	13.54%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
HGS	49 Neutral	₹19.25B	-2,000.50	―	1.51%	-2.43%	-100.43%