Computer Age Management Services shares rose 3.61% to Rs 757.25 on Tuesday, touching an intraday high of Rs 757.75, after the mutual fund registrar and transfer agent reported a steady set of fourth-quarter results for FY26 highlighted by record EBITDA, strong SIP momentum and a deepening market share across its businesses.
The Q4 FY26 numbers
Net profit rose 10.9% year-on-year to Rs 126 crore from Rs 114 crore. Revenue grew 11% to Rs 395.2 crore from Rs 356.2 crore. EBITDA rose 14.9% to a record Rs 183.66 crore with EBITDA margin expanding to 46.5% from 44.8% a year ago — the highest quarterly margin in the company’s history, driven by improved operational efficiency and higher automation.
The mutual fund business — the engine
CAMS-serviced mutual fund AUM stood at Rs 55.1 lakh crore in Q4 FY26, up 21% year-on-year, maintaining approximately 68% market share of the mutual fund registrar industry. Equity assets hit a record Rs 30.5 lakh crore, with equity market share rising to 67% — up 90 basis points year-on-year.
The SIP data is where the structural strength is most visible. New SIP registrations surged 46% year-on-year to 1.26 crore in Q4 FY26. Annual SIP registrations for FY26 stood at 4.7 crore, up 17% over the previous year. SIP collections crossed Rs 20,000 crore in March and grew 24% year-on-year to Rs 58,889 crore for the quarter. Live SIPs grew 17% year-on-year, taking CAMS’ SIP market share to 64.1% from 57% a year earlier. The company’s unique investor base crossed 4.76 crore — up 18% year-on-year — while transaction volumes for FY26 stood at 107 crore, up 20%.
The non-mutual fund businesses — accelerating
The non-mutual fund business contributed 15.3% to enterprise revenue in Q4 FY26 and is growing faster than the core. CAMSPay reported 22.8% year-on-year revenue growth and added over 20 new clients. CAMS Alternatives posted 25.4% revenue growth with AUM crossing Rs 3.1 lakh crore and over 50% share of the outsourced alternatives market — adding 44 new mandates including 14 new logos in the quarter. CAMS KRA grew 28% despite industry-wide pressure on new account openings. Bima Central doubled its active user base in FY26, adding 12.6 lakh users and holding a 40% insurance repository market share.
The board recommended a final dividend of Rs 4 per share, subject to AGM approval.
At Rs 757.25, CAMS trades at a PE of 40.62 with a market cap of approximately Rs 18,762 crore and a dividend yield of 1.85%. The 52-week range of Rs 611.40 to Rs 875 shows the shares remain below their peak, with Tuesday’s move suggesting the market views the Q4 results as confirmation that the company’s earnings trajectory and market share dominance remain firmly intact.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making investment decisions.