External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Computer Age Management Services / Equity Bottom-Up

Computer Age Management Services (CAMS IN)

<ul><li>CAMS reported operating revenue of INR3.6b in 2QFY25, up 33% YoY (6% beat).</li><li>For 1HFY25, it grew 30% YoY to ~INR7b.</li><li>The Non-MF businesses grew 31.9% YoY, led by strong growth in the CAMSPay, KRA, and AIF segments.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

CAMS reported operating revenue of INR3.6b in 2QFY25, up 33% YoY (6% beat).For 1HFY25, it grew 30% YoY to ~INR7b.The Non-MF businesses grew 31.9% YoY, led by strong growth in the CAMSPay, KRA, and AIF segments.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cams - Strong Topline Growth Across Segments

<ul><li>The redesign of its transfer agent platform in Google Cloud will enhance the company’s control over the database, improve the ability to provide insights and reduce wastage due to easy availability and fungible additional capacity.</li><li>The cutting-edge capability of Google’s software would also give an added advantage.</li><li>While the revenue trajectory of its MF business remains robust, CAMS has sharpened its focus on non-MF businesses to boost their revenue contribution to 20% by FY27 from 13% in FY24. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The redesign of its transfer agent platform in Google Cloud will enhance the company’s control over the database, improve the ability to provide insights and reduce wastage due to easy availability and fungible additional capacity.The cutting-edge capability of Google’s software would also give an added advantage.While the revenue trajectory of its MF business remains robust, CAMS has sharpened its focus on non-MF businesses to boost their revenue contribution to 20% by FY27 from 13% in FY24. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cams - Increased Focus on Non-MF Business

<ul><li>Motilal Oswal's research report onCAMS CAMS derives ~12% of its revenue from the non-MF segments, such as AIF/PMS RTA, CAMSPay, Think360, CAMS KRA, and CAMSRep.</li><li>However, these businesses are set to register higher-than-MF segment growth over the next couple of years.</li><li>AIF/PMS RTA: Over the past couple of years, affluent investors have been increasing their allocations to AIF/PMS products.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Motilal Oswal's research report onCAMS CAMS derives ~12% of its revenue from the non-MF segments, such as AIF/PMS RTA, CAMSPay, Think360, CAMS KRA, and CAMSRep.However, these businesses are set to register higher-than-MF segment growth over the next couple of years.AIF/PMS RTA: Over the past couple of years, affluent investors have been increasing their allocations to AIF/PMS products.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cams - Macros in Favor of the Non-MF Business

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Cholamandalam Investment and Finance / Equity Bottom-Up

Cholamandalam Investment and Finance (CIFC IN)

<div>
<div>
<div>
<ul>
<li>Steady P&amp;L outcomes, increasing opex intensity: Chola reported stable NII growth (+10% YoY), in line with AUM growth, as NIMs remained steady at 8.1%.</li>
</ul>
<div>
<div>
<div>
<ul>
<li>Receding stress pool; normalised credit costs: The aggregate stress pool has nearly halved to 12%, from the Q1FY22 peak of 21%, driven largely by strong collections and recoveries.</li>
</ul>
<div>
<div>
<div>
<ul>
<li>New businesses to augment growth; build-out key monitorable</li>
</ul>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>





Steady P&amp;L outcomes, increasing opex intensity: Chola reported stable NII growth (+10% YoY), in line with AUM growth, as NIMs remained steady at 8.1%.





Receding stress pool; normalised credit costs: The aggregate stress pool has nearly halved to 12%, from the Q1FY22 peak of 21%, driven largely by strong collections and recoveries.





New businesses to augment growth; build-out key monitorable










Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: Cholamandalam Investment and Finance Company

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

<p>About the stock: CAMS is a mutual fund transfer agency. It provides technology driven financial infrastructure &amp; services to MFs and other financial institutions.</p><ul><li>Largest registrar and transfer agent (RTA) of MFs with ~70% market share</li><li>It has consistently operated with high (&gt;30%) margins and return ratios</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

About the stock: CAMS is a mutual fund transfer agency. It provides technology driven financial infrastructure &amp; services to MFs and other financial institutions.Largest registrar and transfer agent (RTA) of MFs with ~70% market shareIt has consistently operated with high (&gt;30%) margins and return ratiosContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Computer Age Management Services: Traction in MF AUM, Non-MF Products to Aid Revenue

India

Computer Age Management Services (CAMS) is a technology-driven financial infrastructure and services provider, primarily serving as a Registrar and Transfer Agent (RTA) for the Indian Mutual Fund industry. It offers a comprehensive interface for asset management companies, distributors, and investors, managing critical functions like transaction processing, investor record-keeping, and compliance. CAMS also provides services to insurance companies, banks, NBFCs, and Alternate Investment Funds. The company was founded in 1988 and is headquartered in Chennai, Tamil Nadu, India.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Computer Age Management Services (CAMS IN)

Cams - Strong Topline Growth Across Segments

CAMS reported operating revenue of INR3.6b in 2QFY25, up 33% YoY (6% beat). For 1HFY25, it grew 30% YoY to ~INR7b. For 1HFY25, it grew 30% YoY to...

Motilal Oswal

Cams - Increased Focus on Non-MF Business

While the revenue trajectory of its MF business remains robust, CAMS has sharpened its focus on non-MF businesses to boost their revenue...

Motilal Oswal

Cams - Macros in Favor of the Non-MF Business

Motilal Oswal's research report onCAMS CAMS derives ~12% of its revenue from the non-MF segments, such as AIF/PMS RTA, CAMSPay, Think360, CAMS KRA,...

Motilal Oswal

HSIE Results Daily: Cholamandalam Investment and Finance Company

Back-book near normal; poised for strong growth; Chola’s Q4FY22 earnings were 18% ahead of our estimates, largely on the back of reversal of COVID...

HDFC Securities

Computer Age Management Services: Traction in MF AUM, Non-MF Products to Aid Revenue

CAMS is a mutual fund transfer agency. It provides technologydriven financial infrastructure & services to MFs and other financial institutions.

ICICI Securities Limited

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)