CMS Info systems: Why this stock should be in your portfolio

The cash management industry structure is such that it favours the growth of the market leader

Nitin Sharma
September 27, 2022 / 10:03 AM IST
CMS Info systems: Why this stock should be in your portfolio

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PRO Only Highlights
-  Quarterly performance largely backed by improved realisations
-  Medium-term triggers China plus and protectionist measures for tyre industry
-  Valuations not inexpensive; but improved medium-term outlook

Highlights Revenue growth of 22.6 percent/2.1 percent Y/Y & Q/Q basis. EBITDA margin expanded to 27.3 percent Order books of Rs 2,500 crore, execution at 76 percent RBI compliance at a good pace Announced new initiative, details awaited Valuation looks attractive Cash management services market leader CMS Info system (CMS, CMP: Rs 259.9; Market Cap: Rs 4,004 Cr) continued its growth and margin expansion in 1Q23. Sequentially, revenue growth of 2.1 percent and a 122-basis-point reduction in operating costs aided the EBITDA margin expansion to reach 27.3 percent...