Computer Age Management Services Limited — PPTs, 05-05-2025: Investor Presentation

1. Financial Highlights:

CAMS reported consolidated revenue of ₹1,42,248.33 lakh for FY25, up 25.2% YoY, driven by a 25.2% rise in mutual fund revenue and 24.7% growth in non-MF income. Q4 revenue was ₹35,616.58 lakh, up 14.7% YoY but down 3.7% QoQ. EBITDA margin improved to 46.1%, with EBITDA rising 29.7% YoY. PAT grew 33.0% to ₹47,019.38 lakh, delivering a return on net worth of 46.25%. Q4 PAT increased 10.8% YoY but dipped 8.0% QoQ. Equity asset composition rose to 54% of revenue from 49.1%, reflecting stronger equity market exposure.

2. Strategic Initiatives & Growth Drivers:

CAMS is broadening its focus beyond mutual funds into insurance and alternatives. Non-MF revenue remained steady at ~13%. CAMSPay surged 64% in revenue; BIMA-ASBA was launched for insurance premium payments. The alternatives business added 200+ mandates, while WealthServ360 leads digital onboarding for alternatives. Think360 introduced a Personal Finance Management tool, enhancing AI and data analytics capabilities. SIP live accounts rose 18% YoY to 5.7 crore, with CAMS holding ~68% market share by AuM.

3. Business Developments:

Licensing from LIC for repository services expanded CAMSRep’s market share to over 40%, managing 11 million+ e-policies. CAMSKRA grew its client roster among key brokerages. Fintuple secured a mandate to develop an NPS platform. CAMSPay became an RBI-authorized payment aggregator, boosting transaction volumes. CAMS’s live AMC count reached 21, with five more funds expected soon.

4. Market Position & Competitive Advantage:

CAMS continues as India’s largest mutual fund registrar, servicing 26 of the top 51 AMCs and ~68% of AuM. Its 22+ year average client relationships, 286 centers across India, and robust platforms like myCAMS and WealthServ360 provide scale and operational efficiency. Diversification into alternatives, insurance, payments, and AI fintech strengthens its competitive moat amid digitization trends.

5. Investor Implications:

Robust top-line growth, margin expansion, and high returns highlight positive growth potential. The widening non-MF portfolio and tech-enabled services offer new avenues but require sustained execution. Investors should monitor scaling progress in insurance, digital payments, and AI-driven businesses alongside competition in KRAs and alternatives. CAMS’s dominant market share and diversified model position it well for long-term value creation.