One of the most important parameters taken into account by various analysts nowadays is the debt-to-equity ratio of the company under analysis.
The same is an essential part of the company’s ratio analysis as it also depicts the short-term interest obligations of companies thereby giving knowledge of their operating performance.
Listed below is one such low-debt stock in which both, the Foreign Institutional Investors (FIIs) & Mutual Funds, increased their stake in the company during the quarter ended March 2024:
Computer Age Management Services Limited
With a market capitalization of Rs 16,156.78 crores, the stocks of Computer Age Management Services Limited (CAMS) started their trading session on Thursday at Rs 3,120.85 and currently trade at Rs 3,286.70, gaining approximately 6 percent compared to the previous closing levels of Rs 3,113.40 apiece.
According to the latest shareholding pattern data, both, Foreign Institutional Investors (FIIs) & Mutual Funds, have increased their stake in CAMS.
The former increased their stake by 6.09 percent, i.e., from 47.69 percent during Q3FY24 to 53.78 percent during Q4FY24, and the latter, during the same period, raised their stake by 1.26 percent, i.e., from 11.25 percent to 12.51 percent,
During the recent financial quarters, the company’s prime indicators of business, viz, its operating revenues as well as after-tax profits, showed a stellar performance.
The former increased from Rs 255 crores during Q2FY24 to Rs 269 crores during Q3FY24, and the latter, keeping the timeframe the same, took an upward shift from Rs 81 crores to Rs 86 crores.
In addition to the above metrics, the company’s return ratios, viz, the return on equity (RoE) and the return on capital employed (RoCE), were reported at decent numbers during FY23 with the former reported at 36.48 percent, and the latter, at 41.72 percent.
Founded in 1988, Computer Age Management Services Limited (CAMS) is India’s largest Mutual Fund Transfer Agency serving over 68.20 percent of assets of the Indian mutual fund industry.
The company also provides a comprehensive portfolio of technology-based services, including transaction execution, payment, settlement & reconciliation, investor interface, record-keeping, report generation, and many other services.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
