CAMS Q2 Results Review - Quintessential Steady Performance: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.Computer Age Management Services Ltd. remains one of the best plays on India’s financialisation story. The aggregate nature of its business gives the company a steady growth outlook. The theme is illustrated in its Ebitda compound annual growth rate of 25% during FY19-FY22 versus an average of 12% for listed asset management companies. In our view, overall AUM growth of the Indian mutual fund industry towards a target of Rs 50 trillion by FY25E and the resultant operating leverage constitute the structural investment thesis. Optionalities, too, will gather momentum with digitisation of financial records and increasing facilities being provided to consumers for tapping the same. CAMS Q2 FY23 has largely been a steady quarter with Rs 721 million profit after tax. Ebitda margin increased sequentially driven by operating leverage..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

CAMS Q2 Results Review - Quintessential Steady Performance: ICICI Securities

Sequential Margin Recovery Driven By Operating Leverage.

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