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CMSINFO - CMS Info Systems

📊 NSE: CMSINFO 🏢 Miscellaneous 📅 Last Updated: 12/13/2025 21:07

📢 Recent Corporate Announcements

CMS Info Systems Completes 100% Acquisition of Securens Systems

🟢 POSITIVE ⭐ 8/10

M&A 📅 09 Mar 2026, 08:29 PM

CMS Info Systems has successfully completed the acquisition of the remaining stake in Securens Systems Private Limited, making it a 100% wholly-owned subsidiary. The final transaction involved acquiring 25,639 CCPS at a price of ₹158.41 per share via an all-cash consideration. Securens, an AIoT-based remote monitoring specialist, reported a turnover of ₹765.5 million for FY25. This strategic move is expected to double the scale of CMS's Vision AI business (HAWKAI) compared to its nearest competitor, enhancing its market leadership in the BFSI and retail sectors.

Acquired 100% shareholding in Securens Systems on a fully diluted basis
Final tranche of 25,639 CCPS acquired at ₹158.41 per share
Securens reported FY25 revenue of ₹765.5 million with deep expertise in intelligent surveillance
Acquisition doubles the scale of CMS's 'HAWKAI' Vision AI business versus its closest competitor
The transaction was an all-cash deal and executed on an arm's length basis

💡 Investors should view this as a positive step in CMS's diversification into high-margin technology services. Monitor the integration progress and its impact on the company's non-ATM service revenue growth in future quarters.

CMS Info Systems Allots 1.65 Lakh Equity Shares Under ESOP 2016

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Mar 2026, 07:03 PM

CMS Info Systems Limited has allotted 1,65,000 equity shares of face value ₹10 each to eligible employees following the exercise of vested options under the CMS Employees Stock Option Plan 2016. This allotment has resulted in the company's paid-up equity share capital increasing from ₹164.47 crore to approximately ₹164.64 crore. The new shares will rank pari-passu with existing equity shares in all respects. Such allotments are routine for companies with active employee incentive schemes and represent a marginal dilution of existing shareholding.

Allotment of 1,65,000 equity shares of face value ₹10 each under ESOP 2016.
Total paid-up equity shares increased from 16,44,72,541 to 16,46,37,541.
Paid-up equity share capital rose from ₹164,47,25,410 to ₹164,63,75,410.
The allotment was approved by the Nomination and Remuneration Committee via circular resolution on March 5, 2026.

💡 No action is required as this is a routine administrative update with negligible impact on valuation. Investors should account for the slightly increased share count when calculating future earnings per share (EPS).

CMS Info Systems to Participate in IIFL 17th Entrepreneurial India Conference 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Feb 2026, 05:54 PM

CMS Info Systems Limited has scheduled its participation in the IIFL 17th Entrepreneurial India Conference 2026 on February 26, 2026. The event, organized by IIFL Capital Services Limited, will be held in-person in Mumbai. Company representatives will engage with institutional investors in small groups to discuss business updates based on publicly available information. This is a standard corporate outreach effort to maintain transparency and engagement with the investor community.

Participation in the IIFL 17th Entrepreneurial India Conference scheduled for February 26, 2026.
The meeting will be conducted in-person in Mumbai through authorized representatives.
Interaction will involve small group discussions with institutional investors.
Discussions will be strictly limited to information already available in the public domain.

💡 No immediate action is required as this is a routine investor relations event. Investors may look for any subsequent investor presentations filed by the company on the exchanges following the meet.

CMS Info Systems to Meet 16 Institutional Investors on February 25, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Feb 2026, 03:39 PM

CMS Info Systems has scheduled a virtual group meeting with 16 institutional investors and brokerage firms on February 25, 2026, from 5:00 P.M. to 6:00 P.M. IST. The list of participants includes prominent names such as HDFC Securities, HSBC Securities, ICICI Securities, and ICICI Lombard General Insurance. The company has stated that the discussions will be based strictly on publicly available information, ensuring no unpublished price-sensitive information is shared. This meeting reflects ongoing engagement with the analyst community and institutional stakeholders.

Virtual group meeting scheduled for February 25, 2026, involving 16 institutional entities.
Key participants include HDFC Securities, HSBC Securities, ICICI Securities, and Helios Mutual Fund.
The interaction is scheduled for a one-hour duration between 5:00 P.M. and 6:00 P.M. IST.
Company confirms that no Unpublished Price Sensitive Information (UPSI) will be discussed.

💡 Investors should monitor for any subsequent investor presentations or transcripts released by the company for insights into management's outlook. No immediate trading action is required as this is a routine regulatory disclosure.

CMS Info Q3 FY26: Strong Order Book of ₹1,600Cr+ and FY27 Revenue Guidance of ₹2,800-2,900Cr

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 18 Feb 2026, 06:32 PM

CMS Info reported Q3 FY26 revenue of ₹618 crore, showing a 1.6% sequential growth with Managed Services & Tech growing 18% QoQ. The company has secured a massive ₹1,000 crore SBI contract and total order wins exceeding ₹1,600 crore in FY26 YTD. Management has provided a robust FY27 revenue guidance of ₹2,800-2,900 crore with expected EBITDA margins improving to the 25-26% range. Additionally, inorganic growth is on track with a pending ₹100-125 crore acquisition of an ATM management business expected to close by March 2026.

Total order wins of ₹1,600 Cr+ in FY26 YTD, including a ₹1,000 Cr 10-year SBI contract (₹500 Cr incremental).
FY27 revenue guidance set at ₹2,800-2,900 Cr with target EBITDA margins of 25-26%.
Managed Services & Tech revenue grew 18% QoQ to ₹254 Cr; Hawkai business on track to double to ₹200 Cr.
Signed term sheet for an ATM management business acquisition valued at ₹100-125 Cr to drive consolidation.
Q3 PAT of ₹54.4 Cr was impacted by a ₹11.1 Cr one-time provision for the new labor code.

💡 Investors should focus on the strong execution of the ₹1,600 crore order book and the shift towards higher-margin tech services which underpins the positive FY27 outlook. The stock remains a play on the recovery of retail consumption and consolidation in the ATM management space.

CMS Info Systems Releases Audio Recording of Q3 FY26 Earnings Conference Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Feb 2026, 05:04 PM

CMS Info Systems Limited has released the audio recording of its earnings conference call held on February 13, 2026. The call focused on the company's un-audited financial performance for the third quarter and the nine-month period ending December 31, 2025. This disclosure provides transparency for shareholders who were unable to attend the live session. Accessing the recording allows investors to hear management's direct responses to analyst queries regarding business strategy and market conditions.

Audio recording for the Q3 FY26 earnings call is now accessible via the company's official website.
The conference call took place at 12:00 Noon IST on February 13, 2026.
The discussion encompassed financial results for the quarter and nine months ended December 31, 2025.
Filing is in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 Investors should listen to the recording to understand management's guidance on the cash management and managed services segments. This is a routine compliance update and does not require immediate portfolio action.

CMS Info Q3 FY26: Revenue Up 6% YoY to ₹618 Cr; Signs ₹1,000 Cr SBI Contract

🔵 WATCH ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 10:15 PM

CMS Info Systems reported a 6% YoY revenue growth to ₹618 Cr in Q3 FY26, supported by a 41% YoY surge in Managed Services & Tech Solutions. Despite revenue growth, PBT before exceptional items declined 30% YoY to ₹88 Cr, and PAT margins contracted to 9.3% from 16% a year ago. The company secured a massive ₹1,000 Cr 10-year contract with SBI and is in the process of acquiring an ATM/Managed Services business for ₹100-125 Cr. Management has set an ambitious FY30 revenue target of ₹4,500-4,750 Cr, aiming for a 'Rule of 35' (Revenue Growth + EBITDA Margin).

Revenue grew 6% YoY to ₹618 Cr, with Services revenue reaching ₹577 Cr (up 4% QoQ).
Signed a landmark ₹1,000 Cr 10-year contract with SBI; incremental revenue of ₹500 Cr to start in Q4.
Managed Services & Tech Solutions revenue jumped 41% YoY, while Cash Logistics revenue dipped 5% YoY.
Signed Term Sheet for a business transfer acquisition valued at ₹100-125 Cr, targeting closure by March 2026.
Business EBITDA margin improved 160 bps QoQ to 25.5%, though overall PAT fell 38% YoY to ₹57.4 Cr.

💡 Investors should weigh the strong order book and aggressive FY30 growth targets against the current pressure on net margins and YoY profit decline. Monitor the execution of the SBI contract and the integration of the new acquisition as key catalysts for margin recovery.

CMS Info Q3 FY26: Revenue at ₹618 Cr, Wins ₹1,000 Cr SBI Order & Declares ₹2.75 Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 10:08 PM

CMS Info Systems reported a consolidated revenue of ₹618 Cr for Q3 FY26, showing a 2% QoQ growth despite macro headwinds. The company secured a massive ₹1,000 Cr contract from SBI for 10 years and signed a term sheet for a ₹100-125 Cr business transfer. While PBT fell 8% QoQ to ₹88 Cr due to a ₹11 Cr wage code impact and high base effect, Managed Services revenue grew strongly by 9%. Management remains confident in reaching a ₹2,800 Cr revenue target by FY27, backed by a robust order book.

Secured a major ₹1,000 Cr contract from SBI over 10 years, adding ₹500 Cr in incremental revenue.
Managed Services & Technology Solutions revenue grew 9% QoQ to ₹295 Cr, offsetting a 3% dip in Cash Logistics.
Declared an interim dividend of ₹2.75 per share for the quarter.
Signed a term sheet for a business transfer with a Managed Services Provider valued at ₹100-125 Cr.
Business EBITDA grew 9% QoQ to ₹158 Cr, despite a one-time wage code impact of ₹11 Cr.

💡 Investors should focus on the company's successful pivot toward Managed Services and its strong order book, which provides high revenue visibility. The massive SBI win and the FY27 revenue guidance of ₹2,800 Cr suggest that the current margin pressures are temporary and the long-term growth trajectory remains intact.

CMS Info Q3 Revenue Up 2% QoQ; Declares ₹2.75 Interim Dividend & Wins ₹1,000 Cr SBI Order

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 09:59 PM

CMS Info Systems reported a consolidated revenue of ₹618 Cr for Q3 FY26, representing a 2% QoQ growth. The company declared an interim dividend of ₹2.75 per share, with the record date set for February 18, 2026. A major highlight is the ₹1,000 Cr order win from SBI, which is expected to provide ₹500 Cr in incremental revenue over the next decade. Despite an 8% QoQ dip in PBT due to wage code impacts and one-time investments, management maintains a strong outlook with a revenue target of ₹2,800 Cr by FY27.

Declared interim dividend of ₹2.75 per equity share (27.5% of face value) with Record Date of Feb 18, 2026.
Secured a massive ₹1,000 Cr contract from SBI for 10 years, expected to add ₹500 Cr in incremental revenue.
Consolidated Revenue for Q3 FY26 stood at ₹618 Cr, while Business EBITDA grew 9% QoQ to ₹158 Cr.
Managed Services & Technology Solutions segment revenue grew 9% QoQ to ₹295 Cr.
Signed a term sheet for a business transfer with a Managed Services Provider for an estimated ₹100-125 Cr.

💡 Investors should focus on the significant SBI order win and the company's expansion into Managed Services as long-term growth drivers. The interim dividend provides immediate yield, while the FY27 revenue guidance of ₹2,800 Cr suggests management's confidence in overcoming current margin pressures.

CMS Info Q3 Revenue at ₹618 Cr; Declares ₹2.75 Dividend & Wins ₹1,000 Cr SBI Order

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 09:57 PM

CMS Info Systems reported a steady Q3 FY26 with consolidated revenue of ₹618 crore, reflecting a 2% sequential growth. The company declared an interim dividend of ₹2.75 per share and secured a massive ₹1,000 crore contract from SBI spanning 10 years. While PBT saw a sequential decline of 8% due to a one-time wage code impact of ₹11 crore and high base effects from Q2, the Managed Services segment showed robust growth of 9% QoQ. Management remains optimistic about hitting a ₹2,800 crore revenue target by FY27, suggesting the business has bottomed out.

Consolidated Revenue grew 2% QoQ to ₹618 crore, while Business EBITDA rose 9% to ₹158 crore.
Declared an interim dividend of ₹2.75 per share with a record date of February 18, 2026.
Secured a major ₹1,000 crore contract from SBI for 10 years, expected to add ₹500 crore in incremental revenue.
Signed a term sheet for a business transfer with a Managed Services Provider for an estimated ₹100-125 crore.
Managed Services & Technology Solutions segment revenue grew 9% QoQ to ₹295 crore.

💡 Investors should focus on the significant SBI order win and the recovery in the Managed Services segment as long-term growth drivers. The company's clear FY27 revenue guidance of ₹2,800 crore and consistent dividend payouts make it a strong watch for value-oriented portfolios.

CMS Info Declares ‣2.75 Interim Dividend; Wins ‣1,000 Cr SBI Contract

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 12 Feb 2026, 09:57 PM

CMS Info Systems has declared an interim dividend of ‣2.75 per share with a record date of February 18, 2026. The company reported Q3 FY26 revenue of ‣618 crore, up 2% QoQ, while Business EBITDA grew 9% to ‣158 crore. A major highlight is the ‣1,000 crore 10-year contract win from SBI, providing significant long-term revenue visibility. Despite a one-time ‣11 crore wage code impact, management maintains a confident FY27 revenue target of ‣2,800 crore.

Interim dividend of ‣2.75 per equity share (27.5%) declared with payment by March 14, 2026.
Secured a massive 10-year contract with SBI worth ‣1,000 crore, contributing ‣500 crore in incremental revenue.
Q3 FY26 Business EBITDA rose 9% QoQ to ‣158 crore, despite a volatile macro environment.
Signed a term sheet for a business transfer with a Managed Services Provider for ‣100-125 crore.
PBT of ‣88 crore was impacted by a one-time wage code adjustment of ‣11 crore.

💡 Investors should focus on the substantial SBI order win and the company's expansion into managed services, which provide strong revenue visibility through FY27. The dividend payout offers an immediate yield benefit while the company navigates short-term wage inflation pressures.

CMS Info Systems Schedules Q3FY26 Earnings Conference Call for February 13, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 10 Feb 2026, 04:30 PM

CMS Info Systems Limited has announced its earnings conference call to discuss the un-audited financial results for the quarter and nine months ended December 31, 2025. The call is scheduled for Friday, February 13, 2026, at 12:00 Noon IST. Senior management, including the CEO Rajiv Kaul and CFO Pankaj Khandelwal, will be present to address investor queries. This routine communication allows stakeholders to gain insights into the company's operational performance and strategic direction.

Earnings conference call scheduled for February 13, 2026, at 12:00 PM IST.
Management to discuss Q3FY26 and nine-month financial results ending December 31, 2025.
Key participants include CEO Rajiv Kaul, CFO Pankaj Khandelwal, CBO Anush Raghavan, and COO Puneet Bhirani.
Universal dial-in numbers for the call are +91 22 6280 1325 and +91 22 7115 8226.
The event is hosted by Emkay Global Financial Services Ltd.

💡 Investors should review the Q3FY26 financial results once released and attend the call to understand management's outlook on the cash management and managed services sectors.

CMS Report: India's Cash Usage Resilient with ₹1.21 Cr Avg ATM Dispense in CY'25

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 28 Jan 2026, 10:04 AM

CMS Info Systems' CY'25 Consumption Report highlights the structural resilience of cash in India, with average ATM withdrawals rising 4.5% to ₹5,835. Semi-urban and rural (SURU) areas are driving growth, recording higher average ATM cash withdrawals (₹1.30 Cr) than metros (₹1.18 Cr). The report notes a 32% growth in Insurance and 22% in Organised Retail spending, while E-commerce cash spends dropped 20%. This data reinforces the stability of CMSINFO's core cash logistics business despite the rise of digital payments.

Average cash dispensed per ATM reached ₹1.21 Cr in CY'25, with a festive peak of ₹1.30 Cr in November.
ATM withdrawal ticket size grew 4.5% YoY to ₹5,835; SURU regions outperformed metros in cash demand.
Insurance sector spending grew by 32%, while Organised Retail Chains saw a 22% increase.
E-commerce and Media & Entertainment cash-based spending declined by 20% and 15% respectively.

💡 The resilience of cash usage in rural India and growth in organized retail support the long-term outlook for CMSINFO's cash logistics and managed services. Investors should monitor the company's ability to capture the broadening consumption demand beyond metros.

CMS Info Systems Wins ₹1,000 Cr 10-Year SBI Contract for 5,000 ATMs

🟢 POSITIVE ⭐ 9/10

EXPANSION 📅 07 Jan 2026, 11:38 AM

CMS Info Systems has secured a landmark ₹1,000 crore contract from State Bank of India (SBI) for integrated cash solutions over a 10-year period. The contract involves managing approximately 5,000 bank-owned ATMs and is expected to contribute ₹500 crore in incremental revenue growth. This deal represents the first major direct cash outsourcing contract from a PSU bank, reinforcing CMS's market leadership. The project utilizes CMS's proprietary technology, including ALGO MVS™ and HAWKAI™ AI solutions, to improve ATM uptime and cash efficiency.

₹1,000 crore contract win from State Bank of India for a 10-year duration
Covers integrated cash solutions and managed services for approximately 5,000 ATMs
Expected to generate incremental revenue growth of ₹500 crore
First direct large-scale PSU bank cash outsourcing contract of its kind
Leverages proprietary ALGO MVS™ and HAWKAI™ AI technology solutions

💡 This contract provides significant long-term revenue visibility and strengthens CMS's competitive moat in the banking services sector. Investors should maintain a positive outlook given the scale of the win and the shift towards integrated outsourcing models.

CMS Info Systems Appoints Former SBI DMD Vidya Krishnan as Independent Director

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 02 Jan 2026, 03:19 PM

CMS Info Systems has appointed Ms. Vidya Krishnan as an Independent Director for a three-year term effective January 2, 2026. Ms. Krishnan brings nearly 40 years of experience from the State Bank of India (SBI) Group, where she most recently served as Deputy Managing Director (Information Technology). Her expertise in leading large-scale digital transformations, including SBI's YONO platform and UPI ecosystem, is expected to bolster CMS's technology-driven service offerings. The appointment is subject to shareholder approval and follows a No-Objection Certificate from her previous employer.

Ms. Vidya Krishnan appointed as Independent Director for a 3-year term starting January 2, 2026
Brings nearly 40 years of experience from SBI Group, including leadership of the Global IT Centre
Played a pivotal role in developing SBI's YONO digital platform and UPI ecosystem
Expertise includes enterprise technology, AI in financial services, and operational resilience
Appointment is subject to shareholder approval within the stipulated period

💡 Investors should view this as a positive governance and strategic move that adds significant banking technology expertise to the board. No immediate action is required, but this strengthens the company's long-term digital strategy.

View All CMSINFO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Managed Services revenue contribution grew to 32.4% in 9M FY23 from 17.2% in FY19. H1 FY26 service revenue grew 5% YoY, while the service component of Managed Services & Tech grew 18% YoY. Overall revenue grew 18.3% in FY24, though H1 FY26 saw a slower growth of 1% YoY to INR 1,236 Cr.

Geographic Revenue Split

Pan-India presence with a network of 1,46,000 business points as of December 2024; specific regional percentage split is not disclosed in available documents.

Profitability Margins

Operating margins were 27.8% in 9M FY23 and 28.2% in FY23. Q2 FY26 PAT margin stood at 12.06%, a decline of 250 bps YoY from 14.56% in Q2 FY25, primarily due to a temporary dip in ATM logistics volume and higher wage costs.

EBITDA Margin

EBITDA margin was 22.58% in Q2 FY26, down 190 bps from 24.48% in Q2 FY25. Core profitability is supported by increasing operating leverage and network density, though impacted by a changing business mix.

Capital Expenditure

FY25 capital expenditure was INR 154 Cr, significantly lower than the initial guidance of INR 300 Cr due to strict control measures. Capex is primarily directed toward RBI compliance and technology solutions.

Credit Rating & Borrowing

ICRA has assigned a Stable outlook; the company maintains a net debt-free status (excluding lease liabilities) with a net worth of INR 1,397.5 Cr as of September 2022. Borrowing costs are minimal due to the debt-free structure.

⚙️ Operational Drivers

Raw Materials

Employee wages and network costs (primary drivers, specific % not disclosed); Hardware for ATM/Tech (approx. 7-10% of revenue).

Capacity Expansion

Current capacity includes 1,46,000 business points as of December 2024, up from 1,33,000 in December 2023. Planned expansion is driven by scaling gig operations for retail and capturing increased ATM outsourcing from private banks.

Raw Material Costs

Wages and network costs are the primary drivers; wages are subject to long-term settlements every 3-4 years, which recently impacted H1 FY26 margins.

Manufacturing Efficiency

Efficiency is driven by network density and operating leverage; the company is extensively leveraging AI agents, bots, and machine learning for route optimization to deliver cost savings.

Logistics & Distribution

Network costs are a primary expense; the company is using machine learning to design routes and tips across the network to improve distribution efficiency.

📈 Strategic Growth

Expected Growth Rate

18-20%

Growth Strategy

Growth will be achieved by scaling three core platforms: ATM Cash, Retail Solutions, and Tech Solutions. The company targets a 20%+ ROCE and 18-20% ROE by focusing on high-margin Managed Services (32.4% of revenue) and Technology solutions (target 10% of revenue). Cost optimization is being pursued through AI agents and machine learning for route optimization to offset wage inflation.

Products & Services

ATM cash logistics, retail cash management, remote monitoring, technology solutions, and software solutions.

Brand Portfolio

CMS Info Systems, SIPL (subsidiary).

New Products/Services

AI agents and bots for automated workflows, machine learning for route design, and premium delivery models for high-value customers.

Market Expansion

Scaling gig operations for the retail sector and expanding managed services to capture private bank branch growth across India.

Market Share & Ranking

42% market share in the cash management business, maintaining a leading player position.

🌍 External Factors

Industry Trends

The industry is growing through increased outsourcing by banks and branch expansion. RBI's stringent operating requirements are expected to lead to a 40% increase in rate realizations for compliant players. The company is positioning itself by shifting from pure cash management to a technology-led managed services model.

Competitive Landscape

Leading player with 42% market share; competitors include other cash management and managed service providers in the BFSI and retail segments.

Competitive Moat

CMS maintains a 42% market share and a network of 1,46,000 business points, creating significant network density and cost leadership. This moat is sustainable because the high cost of RBI compliance and the scale required for pan-India logistics create high entry barriers.

Macro Economic Sensitivity

Sensitive to banking sector outsourcing trends, ATM penetration in India, and retail sector growth.

Consumer Behavior

Shift toward bank outsourcing and demand for technology-integrated cash solutions in the retail sector.

Geopolitical Risks

Low impact due to a primary focus on domestic Indian operations.

⚖️ Regulatory & Governance

Industry Regulations

RBI guidelines for cash management operations, including security and vehicle standards, which require ongoing compliance capex and drive industry consolidation.

Taxation Policy Impact

Effective tax rate was approximately 23.2% in Q2 FY26 (INR 22.2 Cr tax on INR 95.6 Cr PBT).

⚠️ Risk Analysis

Key Uncertainties

Operational risks like armed robbery or fraud (potential impact not quantified), and potential revenue decline if cash usage drops significantly due to digital payment shifts.