Computer Age Management Services share price: Reduce Computer Age Management Services, price target Rs 2555 : HDFC Securities

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HDFC Securities reduced the call on Computer Age Management Services with a target price of Rs 2555. The current market price of Computer Age Management Services Ltd. is Rs 3164.1. The period given by the analyst is one year when the price of Computer Age Management Services Ltd. can achieve the set goal.

Computer Age Management Services Ltd., incorporated in 1988, is a small capitalization company (having a market capitalization of Rs 15419.59 Crore) operating in the financial services sector.

Major products/revenue segments of Computer Age Management Services Ltd. include other services for the year ending March 31, 2021.

finance

For the quarter ended 30-09-2021, the company reported consolidated total revenue of Rs 231.98 Crore, up 12.78% from last quarter, total revenue of Rs 205.70 Crore and up up 31.65% from the same quarter last year, total revenue of Rs 176.21 Crore. The company reported a net profit after tax of Rs 72.56 Crore last quarter.

Investment rationale
The brokerage values ​​CAMS at 38x Sep-23E EV/NOPLAT + Sep-22 cash and investments and retains REDUCE rating with a target price of INR 2,555 given the strong valuation. The stock is currently trading at FY23E/24E EV/NOPLAT of 48x/42x and P/E of 47x/41x.

Promoter/Fii Holdings
The promoters held 30.96% of the company’s capital as of September 30, 2021, while the FIIs held 26.49% and the DIIs 15.15%.

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