Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE
200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |
View more Headlines & Breaking News here, as covered by cryptopolytech.com
Buy CMS Info Systems; target of Rs 436: IIFL Securities appeared on www.moneycontrol.com by .
Buy
IIFL Securities report on CMS Info Systems
CMS’ 15% YoY revenue growth was below estimates, due to rural weakness and a delayed start to the festive season. PAT growth at 16% also trailed estimates, on account of higher ESOP charges. After removing ESOP costs, PAT grew 25%. On the earnings call, management reiterated the FY25 revenue target of Rs25-27bn. While retail cash management (RCM) would be the key driver for the Cash Management segment, order book for Managed Services (MS) segment remains healthy. The company did not rule out a potential increase in competitive intensity across segments, though it expects superior execution to hold it in good stead. We cut EPS estimates by 4-5%; our Dec’24 DCF-based TP comes down to Rs436 from Rs449. The stock trades at 14x 1YF PER — attractive, considering 16% FY23-26ii EPS Cagr. Maintain BUY.
Outlook
We cut EPS estimates by 4-5%, mainly due to higher ESOP costs. After rolling forward to Dec’24, our new TP is Rs436. Valuations remain attractive, considering healthy earnings outlook, strong return ratios and an asset-light business model with ~Rs4.7bn net cash.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
FEATURED ‘News of the Day’, as reported by public domain newswires.
View ALL Headlines & Breaking News here.
Source Information (if available)
This article originally appeared on www.moneycontrol.com by – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.
CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.
First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!