Cams Services

Q4 FY25Capital Markets

Cams Services Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹750

Market cap₹18.7K Cr

P/E41.2

Updated26 Aug 2026

Read4 min read

The short version

FY '26 overall revenue growth is expected to be in the low double digits but likely not reaching mid-teens due to moderate AUM growth forecasted around 11-12%, compared to historical 20% CAGR. FY '26 revenue growth is expected to be moderate, with AUM growth anticipated around 11-12%, leading to overall revenue growth of 8-9%.

From Cams Services's Q4 FY25 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

FY '26 overall revenue growth is expected to be in the low double digits but likely not reaching mid-teens due to moderate AUM growth forecasted around 11-12%, compared to historical 20% CAGR.
Non-mutual fund (non-MF) businesses are projected to grow around 25%, adding approximately INR 50-70 crores in revenue, with payments, alternatives, and KRA as key growth drivers.
AIF revenue grew 16-18% year-on-year, expected to scale up further with automation and increased delivery.
KRA business accounts have grown from 1.8 crore to over 1.9 crore PANs, with significant penetration potential in demat and broking accounts.
Payment aggregator business is expanding into education institutions and new products like payment gateways, contributing to growth.
Insurance repository volumes have nearly doubled recently, with further growth expected following LIC integration.
Long-term, the company targets sustained high growth in non-MF businesses alongside moderate MF asset growth.

Profitability & Margins

FY '26 revenue growth is expected to be moderate, with AUM growth anticipated around 11-12%, leading to overall revenue growth of 8-9%.
Non-mutual fund (non-MF) segments are projected to grow around 25%, adding approximately INR50 crores to revenue, with potential to reach INR60-70 crores.
EBITDA margins for FY '26 are likely to moderate slightly from 46% to around 44%, due to pricing impacts and cost factors.
Non-MF businesses aim to improve EBITDA margins from 10-15% in FY '25 to about 20% in FY '26, positively impacting overall margins.
Employee costs expected to stabilize at about 33% of revenues with some manpower rationalization via automation and re-architecture.
Capex will increase, especially due to IT re-architecture, with an estimated additional INR50 crores in IT spend in FY '26.
Overall, double-digit low teens growth in earnings is challenging under the moderate asset growth assumption but possible if AUM grows 20%.

See what Cams Services said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

FY '25 capex includes around INR100 crores for the re-architecture project and another INR70 crores for other capex, causing cash outflow.
Depreciation related to re-architecture will start reflecting end of next year when the module goes live.
FY '26 expected capex: around INR50 crores additional IT capex and INR10-15 crores other capex.
Re-architecture spending will accelerate in the current year with benefits starting from end of this year.
Regular BAU capex continues alongside the re-architecture investment.
Investments include Oracle license renewals, SharePlex, and setting up an air gap data center due to SEBI regulations.
IT infrastructure and compliance-related capex ongoing to support business scale and regulatory needs.

Top-ranked in Capital Markets

Ranked on what management guided this quarter

5x potential

1BSE₹1.4L Cr

Rev 2Mar 3

2Billionbrains₹1.3L Cr

Rev 2Mar 3

3₹76.1K Cr

Rev 2Mar 3

4₹61.8K Cr

Rev 2Mar 3

5₹36.7K Cr

Rev 2Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company plans significant capital expenditure (capex) in FY '26:
- Around INR 100 crores on the re-architecture project.
- Approximately INR 70 crores on other capex.
There will be cash outflow for these capex investments in the year.
Regular capex in FY '26 is expected to be around INR 50 crores on IT and INR 10-15 crores on other capex.
No explicit mention of new fundraising through debt or equity was stated in the provided content.
Capex spending is funded internally, and no indication of raising fresh debt or equity has been disclosed.

See what Cams Services said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The document does not explicitly mention current or expected orderbook/pending orders for Computer Age Management Services Limited. However, relevant insights related to client additions and contract renewals include: - Crossed 200 clients threshold in AIF segment with significant market leadership and 50% market share in outsourced AIF services. - Added 4-5 new AMCs recently and expect another 4-5 to start operations in the next 6 months (total about 9-10 new AMCs). - No major new contracts pending renewal in FY '26; only 2-3 smaller contracts under regular renewal. - Strong revenue growth and new mandates in Alternatives (56 new mandate wins in the year). - Expansion in CAMSPay and BIMA-ASBA with increasing client adoption. - Digital onboarding market with 200+ installations across India. No concrete quantitative orderbook or pending order values were provided.

Cams Services — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹395 Cr, net profit ₹125 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Computer Age Management Services Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Cams Services Q4 FY25 results?

What is Cams Services share price analysis?

Cams Services currently shows a neutral. The stock trades at a P/E of 41.2 with a market cap of ₹18,697 Cr. Investors should review the full earnings analysis for detailed insights.

Is Cams Services planning capital expenditure?

FY '25 capex includes around INR100 crores for the re-architecture project and another INR70 crores for other capex, causing cash outflow.

Keep Cams Services on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

Revenue & Sales Performance

Profitability & Margins

Capital Expenditure Plans

Top-ranked in Capital Markets

Fundraising & Capital Structure

Order Book & Pipeline

Cams Services — Quarterly revenue & net profit

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What Computer Age Management Services Ltd's management said in earlier quarters

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Frequently Asked Questions