CMS Info Systems Limited — Investor Meet, 27-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

CMS Info Systems reported FY25 revenue growth of 7% to Rs. 2,425 crore with a PAT margin of 15.4%. Execution of a Rs. 1,950 crore order book reached 52%, affected by competitor ATM disruptions where CMS ensured service continuity. H2 order wins rose to Rs. 800 crore, supporting a healthy Rs. 1,400 crore order book for FY26.

Recurring contracts now account for over one-third of services revenue, growing 20%+ CAGR, helping stabilize cash flows. Tech and managed services form 40% of revenue, with the cash business growing 8%. CMS gained market share as a top-three managed services provider in India.

Vision AI leads ATM remote monitoring with 30,000+ sites, expanding into bank branches. Quick commerce AIoT pilots aim for 50,000 sites. Operating cash flow remained strong at 76% of EBITDA; Capex guidance is Rs. 300-325 crore for FY26.

Management targets 14-17% services revenue CAGR over FY25-27, driven by 10-13% CAGR cash business and 25-30% growth in tech/managed services. Market consolidation favors CMS’s integrated scale and margin aims remain healthy. Sentiment is confident on steady growth and margin expansion.