With a market capitalization of Rs 5,113 crores, the stocks of CMS Info Systems Limited are currently trading at Rs 331, a gain of approximately 8 percent as compared to the previous closing price of Rs 307.40. Such stock price movements are observed after the Promoter group sells a stake in the company.
As per the Bulk Deal data available with the National Stock Exchange (NSE), Sion Investment Holdings Pte limited, the company’s Promoter, offloaded around 2.12 crore shares (13.75 percent stake) at a trade price of Rs 300.23 per share aggregating to a sum of approximately Rs 638 crores.
The buying parties, on the other hand, include Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) such as SBI Mutual Fund, IIFL Mutual Fund, 360 One Mutual Fund, Valuequest Investment Advisors, Norges Bank, and Abu Dhabi Investment Authority. The above-mentioned entities bought shares at an average price of Rs 300.26 per share.
Ace Investor Mr. Sunil Singhania, through its Fund ‘Abakkus Growth Fund-2’, holds a 1.04 percent stake equating to 16,11,678 equity shares. The current holding value of the investment stands at Rs 53 crores.
The company has been successful in increasing its operating revenue numbers which shifted from Rs 1,589 crores during FY21-22 to Rs 1,914 crores in FY22-23.
Moreover, the net profit figures, during the same time horizon, improved from Rs 224 crores to Rs 297 crores. The net profit margin, due to improving numbers, has also shown an increase from 14.09 percent in FY21-22 to 15.52 percent in FY22-23.
Likewise, the basic return ratios such as the return on equity (ROE) as well as the return on capital employed (ROCE) increased with the former moving from 17.83 percent during FY21-22 to 19.02 percent in FY22-23 and the latter, keeping the timeframe the same, moved from 22.18 percent to 24.21 percent.
CMS Info Systems Limited is a company with two broad segments including the ‘Cash Management’ and ‘Cards’ services. The company generates a majority of its revenue from the Cash Management segment and the same consist of sub-segments such as the Network cash management, ATM services, and many other related services.
Written by Amit Madnani
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