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CAMS - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.2

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.2

Stock Code CAMS Market Cap 16,298 Cr. Current Price 658 ₹ High / Low 875 ₹
Stock P/E 36.7 Book Value 45.6 ₹ Dividend Yield 1.88 % ROCE 54.8 %
ROE 43.9 % Face Value 2.00 ₹ DMA 50 699 ₹ DMA 200 747 ₹
Chg in FII Hold -2.25 % Chg in DII Hold 1.24 % PAT Qtr 122 Cr. PAT Prev Qtr 111 Cr.
RSI 43.4 MACD -19.0 Volume 17,17,895 Avg Vol 1Wk 16,72,231
Low price 623 ₹ High price 875 ₹ PEG Ratio 2.51 Debt to equity 0.06
52w Index 13.9 % Qtr Profit Var 3.53 % EPS 18.0 ₹ Industry PE 46.1

📊 Core Financials

  • Revenue Growth: Moderate, PAT up 3.53% QoQ
  • Profit Margins: Strong, PAT ₹122 Cr vs ₹111 Cr
  • Debt Ratio: Very low (Debt-to-Equity 0.06)
  • Cash Flows: Healthy, supported by consistent profits
  • Return Metrics: ROCE 54.8%, ROE 43.9% — excellent efficiency

💹 Valuation Indicators

  • P/E Ratio: 36.7 (below industry PE of 46.1, slightly undervalued)
  • P/B Ratio: ~14.4 (high, premium valuation)
  • PEG Ratio: 2.51 (suggests growth priced in)
  • Intrinsic Value: Current price ₹658 is closer to lower band (₹623), offering entry opportunity

🏢 Business Model & Competitive Advantage

  • Dominant registrar & transfer agent in mutual fund industry
  • High entry barriers due to regulatory compliance and trust
  • Strong dividend yield (1.88%) adds investor appeal
  • Consistent profitability and scalability in financial services

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: ₹630–₹670 range (near support levels)
  • Long-Term Holding: Attractive due to strong ROE/ROCE, low debt, and industry leadership
  • Risk: Premium valuation may limit upside in short term


✅ Positive

  • High ROE and ROCE indicating strong capital efficiency
  • Low debt ensures financial stability
  • Consistent profit growth and dividend yield

⚠️ Limitation

  • High P/B ratio reflects expensive valuation
  • PEG ratio above 2 suggests growth is already priced in
  • FII holding decreased (-2.25%), showing reduced foreign interest

📰 Company Negative News

  • Decline in FII holdings may indicate cautious sentiment
  • Stock trading below DMA 50 & DMA 200, showing weak momentum

🌟 Company Positive News

  • Quarterly PAT growth of 3.53%
  • DII holdings increased (+1.24%), showing domestic confidence
  • Strong dividend yield supports investor returns

🏦 Industry

  • Financial services sector with high entry barriers
  • Industry PE at 46.1, CAMS trades below this, offering relative value
  • Mutual fund industry growth supports long-term demand

🔎 Conclusion

  • CAMS is financially strong with excellent ROE/ROCE and low debt
  • Valuation is premium but justified by industry leadership
  • Entry near ₹630–₹670 is favorable for long-term investors
  • Best suited for patient investors seeking steady compounding

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