{"id":25688,"date":"2022-11-24T14:39:57","date_gmt":"2022-11-24T09:09:57","guid":{"rendered":"https:\/\/fundsindia.com\/blog\/?p=25688"},"modified":"2022-11-24T14:39:58","modified_gmt":"2022-11-24T09:09:58","slug":"alpha-cms-infotech-ltd-equity-research-desk","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-cms-infotech-ltd-equity-research-desk\/25688","title":{"rendered":"Alpha | CMS Infosystems Ltd. \u2013 Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/FI_Alpha-CMSInfosystemsLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"983\" height=\"467\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-5.png\" alt=\"\" class=\"wp-image-25692\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-5.png 983w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-5-300x143.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-5-768x365.png 768w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><\/a><\/figure>\n\n\n\n<h3><strong>CMS Infosystems Ltd.<\/strong> &#8211; Cash management services<\/h3>\n\n\n\n<p>CMS, headquartered in Mumbai, is India\u2019s leading cash management services provider. The company was incorporated in March 2008, by hiving off selected business segments of CMS Computers Limited. CMS was historically engaged in two broad lines of businesses, namely, IT services and print solutions (includes services like financial card management, print &amp; digital solutions and IT infrastructure support, trading of IT equipment(s) &amp; IT training services) and cash &amp; ATM management. During FY2015, the IT business, along with the print division of CMS were carved out and demerged into a new company, namely, CMS IT Services Private Limited. Post the demerger, CMS is involved in cash management and managed services.<\/p>\n\n\n\n<h3>Valuation<\/h3>\n\n\n\n<p>We believe the consolidation of the market and the company\u2019s track record of incubation new businesses and scaling up its existing business will result in a high growth. Considering the healthy balance sheet, consistent cashflow generations, strong revenue growth potential and robust return ratios, we recommend a BUY rating in the stock with the target price (TP) of Rs.405, 20x FY24E EPS.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/FI_Alpha-CMSInfosystemsLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"531\" height=\"66\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report-1.png\" alt=\"\" class=\"wp-image-25302\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report-1.png 531w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report-1-300x37.png 300w\" sizes=\"(max-width: 531px) 100vw, 531px\" \/><\/a><\/figure>\n\n\n\n<p>If you are new to FundsIndia, open your FREE investment account with us and enjoy lifelong research-backed investment guidance.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.fundsindia.com\/registration\/signup\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"406\" height=\"66\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1.png\" alt=\"\" class=\"wp-image-25306\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1.png 406w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1-300x49.png 300w\" sizes=\"(max-width: 406px) 100vw, 406px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>CMS Infosystems Ltd. &#8211; Cash management services CMS, headquartered in Mumbai, is India\u2019s leading cash management services provider. The company was incorporated in March 2008, by hiving off selected business segments of CMS Computers Limited. CMS was historically engaged in two broad lines of businesses, namely, IT services and print solutions (includes services like financial [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":25692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[744,846,200,201,108,746,517,745],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | CMS Infosystems Ltd. \u2013 Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/alpha-cms-infotech-ltd-equity-research-desk\/25688\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | CMS Infosystems Ltd. \u2013 Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"CMS Infosystems Ltd. &#8211; Cash management services CMS, headquartered in Mumbai, is India\u2019s leading cash management services provider. The company was incorporated in March 2008, by hiving off selected business segments of CMS Computers Limited. 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