Computer Age Mngt Ser Share Price

Computer Age Management Services (CAMS) Limited is a technology-driven financial company and services provider to mutual funds and various financial institutions. Being the top registrar and transfer agency for the Indian mutual fund sector, CAMS caters to around 69% of the average assets under management (AUM) as of June 2023. Founded in 1988, the company was publicly listed in October 2020 after its IPO.

The market capitalisation of CAMS Ltd is over ₹13,000 crore as of December 26, 2023. CAMS share price has gained 56.66% in three years.

Business operations

CAMS Limited offers technology-driven service solutions to mutual funds, alternatives and insurance companies. Apart from functioning as a B2B service provider, CAMS also assists customers through multiple channels, including a nationwide network of service centres, a white-label call centre, online platforms, mobile apps and a chatbot.

The company's transfer agency platform is the largest dedicated to serving India's mutual fund sector. Operating its data centres on fully virtualised hyper-converged infrastructure, CMAS develops and manages numerous applications and APIs. Its platforms drive analytics for the mutual fund industry. It has also implemented robotic process automation (RPA) bots, and AI and ML (artificial intelligence & machine learning) technologies to enhance productivity and efficiency.

Services for mutual fund houses

For over two decades, CAMS has supported the mutual fund industry using a specialised technology platform. This platform empowers a comprehensive array of services for investors and intermediaries including transaction processing, record keeping and regulatory compliance.

CAMS Limited's paperless services simplify loan approval. It utilises the myCAMS portal, ensuring a seamless experience for end customers invested in mutual funds. This solution grants access to schemes offered by 17 mutual fund clients served by CAMS.

CAMS Recon DynamiX is a fully automated software designed for the reconciliation of general ledgers, payments and transactions. By detecting errors before they escalate, CAMS Recon DynamiX reduces delays and associated risks. It utilises data translation, rule-based matching and investigative tools. It also enables real-time analytics, enhancing monitoring capabilities across multiple process levels with increased speed, transparency and security.

CAMS is a trusted partner to 10 out of the top 15 mutual funds in India based on AUM. This includes collaboration with all four of the country's largest funds. CAMS in April 2022 signed an agreement with Zerodha to provide registrar and transfer agent (RTA) services. Zerodha appointed CAMS to serve as their RTA for their forthcoming mutual fund business.

A wholly owned subsidiary of the company, CAMS FIS/CAMSfinserv, partnered with Microsoft India in April 2022. CAMSfinserv collaborated with the tech giant to establish a strong technological framework for India's account aggregator marketplace. It aims to expedite digital transformation in areas like credit lending, investment advisory and personal finance management. Operated on the Microsoft Azure cloud platform, CAMSfinserv's account aggregator service ensures users with assurances regarding uptime and swift delivery.

Financial Highlights

• Computer Age Management Services Limited's revenue from operations for FY23 stood at ₹971.8 crore, up 6.8% from ₹909.6 crore in FY22.
• The company’s profit after tax (PAT) for FY23 stood at ₹285 crore as against ₹287 crore in FY22.
• Its earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at ₹421 crore in FY23 compared to ₹424 crore in FY22.
• The company's earnings per share (EPS) stood at ₹58.26 in FY23 compared to ₹58.73 in the previous financial year.