CAMS
Computer Age Management Services Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
CAMS
FY26 → FY28 · 2 years of guidance · ~1.7 years from today₹796 today
BEAR
₹700
-12%-8% a yr
2.9% a year · 34.4x exit
BASE
₹818
+3%+2% a yr
5% a year · 38.6x exit
BULL
₹910
+14%+8% a yr
6.8% a year · 41.6x exit
Where the market has priced it
34x42x today44x
- the guided figure reached earnings through a low-confidence bridge
- this company's own median multiple sits 92% above its filed-industry peers; the scenario uses its own
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹19.2 (screener) |
|---|---|
| Guided growth | 5% a year, said on the call of 08-May-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 34.43x / 38.64x / 41.56x, this company’s own p20 / median / p80 across 6 filed years |
| Filed-industry peers | median 20.12x across 22 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)2 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
margin 20%generic growth 5%
So I think on a sustainable basis, we have said that we will get to a 20% margin by the end of next year.
Call 08-May-2026 · bridge confidence low · transcript PDF