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* CAMS holds a dominant position in the mutual fund registrar and transfer agent space, commanding a 68% market share based on average assets under management (AAUM). This leadership provides a competitive edge and stability in revenue streams. Reported a 42% YoY increase in net profit for Q1FY25, reaching Rs.107 crore. Revenue from operations also surged by 26.83%, indicating robust growth in its core business.

* Reached a significant milestone by surpassing `40tn in Assets under Management (AuM), marking a 35% YoY growth. This achievement was driven by a robust 56% growth in equity assets. The market share of CAMS in equity assets rose steadily to 66% in Q1FY25, up from 65% in Q1FY24. During the quarter, CAMS serviced funds achieved a record high of over `900bn in equity net-flows, accounting for 71% of the industry’s total equity net-flows of `1.27tn New Fund Offer (NFO) inflows significantly boosted equity sales, with CAMS serviced funds capturing 82% of NFO inflows for the quarter. Additionally, new SIP registrations hit an all-time high of 9.3 million, doubling YoY, pushing CAMS’ live SIP book past the 50 million mark.

* Revenue, EBITDA, and PAT are expected to grow at CAGRs of 15%, 19%, and 20%, respectively, from FY24 to FY26, highlighting solid long-term growth potential. Leveraging innovative technologies to enhance operational efficiency and customer service, positioning itself well for future market demands. With plans to further penetrate non-MF segments and expand its digital services, CAMS is well-positioned to capture additional market share and drive sustainable growth. Overall, CAMS presents a compelling investment opportunity backed by strong fundamentals, market leadership, and positive growth prospects. At CMP 4,315.5 the scrip is trading at P/E 41x FY26E.

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