CMS Stocks Delivered 58% Returns in 1 Year!

On June 21, 2023, CMS Info Systems Limited (CMS), informed in the exchange filing that it has completed the execution of ATM Managed Services of over 5,200 ATMs for Punjab National Bank (PNB) across 526 cities and towns in 26 states. 

The completion of this mandate makes CMS the largest ATM Managed Services provider to PNB. The mandate includes end-to-end management of their designated ATM network through a single point of accountability including monitoring, cash management and forecasting of cash replenishments, and ensuring high availability and uptime. 

Today CMS shares opened at Rs 349.05 opened almost flat from the previous day’s closing of Rs 347.70. The stock’s 52-week high and low stand at Rs 357.50 and Rs 212.80, respectively. The market capitalization of the company is Rs 5474.25 Crore. Over the past three months, the stock has generated a return of 23%, while in just one year, it has generated an impressive return of about 58%. 

The promoter holding in the company is at 60.24% while FIIs and DIIs hold 13.12% and 12.57% respectively. The public holding of the company stands at 14.04% 

In FY23, CMS experienced significant revenue growth, surging by 20.45% from Rs 1590 Crore to Rs 1915 Crore. The company achieved an operating profit of Rs 538 Crore, reflecting a margin of 28%. The net profit for the year amounted to Rs 297 Crore. The Return on Capital Employed (ROCE) stands at 27.8%, while the Return on Equity (ROE) is reported as 21.1%. 

MS Info Systems Limited is India’s largest cash management company in terms of the number of ATM points and retail pick-up points. It specializes in providing comprehensive cash management services to various entities, including banks, financial institutions, organized retail, and e-commerce companies in India. The company offers a range of services, including installing, maintaining, and managing assets and technology solutions on an end-to-end outsourced basis. 

With its extensive network of ATM points and retail pick-up points, it has established a strong presence in the cash management sector in India.