Central Depository Services (India) Limited CDSL NIFTY_SMALLNSEFINANCIAL
Company Overview
Central Depository Services (India) Limited, together with its subsidiaries, provides depository services in India. It operates through Depository; Data Entry and Storage; and Repository segments. The Depository segment offers various services to investors, such as dematerialisation, rematerialisation, holding, transfer, and pledge of securities in electronic form; and provides e-voting services to companies. Its Data Entry and Stroage segment provides centralized record keeping of KYC document of capital market investors. The Repository segment offers policyholders/warehouse receipt holders a facility to keep insurance policies/warehouse receipts in electronic form and to undertake changes, modifications, and revisions in the policy/receipt. It also provides account opening, processing delivery and receipt instructions, pledging, nomination, transmission of securities, change in address, bank account details, and SMS services for depository participants (DPs). In addition, the company offers various services, such as electronic access to security information and execution of secured transaction, SMS alerts related to transactions, electronic consolidated account statements, and virtual annual general meetings; Myeasi mobile application; application programming interfaces for DPs, electronic delivery instruction slip, and electronic margin pledge; and electronic foreign investment monitoring, electronic system driven disclosure services, and electronic notices, as well as e-locker services. Further, it provides KYC registration agency, eKYC, electronic signature service, tax filing, stamp duty calendar, electronic negotiable warehouse receipts and electronic non-negotiable warehouse receipts, and electronic insurance account. The company serves market participants, exchanges, clearing corporations, DPs, issuers, and investors. Central Depository Services (India) Limited was incorporated in 1997 and is based in Mumbai, India.
Why Investors Should Care
Generates a return on equity of 23.9%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 29.7%.
Net profit has compounded at 18.2% per year over the last five years.
Revenue has grown at a 27.3% CAGR over the past five years.
Maintains a net profit margin of 36.8%.
Carries low leverage with a debt-to-equity ratio of 0.11.
Recent Developments
- Mar 2026 Revenue of ₹1,144.92 Cr (+5.8% YoY); net profit ₹456.13 Cr.
- Trailing 12 Months Year-on-year growth — revenue +15.4%, earnings +14.7%.
- 5-Year Trend Long-term compounding — revenue CAGR 27.3%, profit CAGR 18.2%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 27.29% |
| 1 Year: | 15.40% |
Compounded Profit Growth
| 5 Years: | 18.24% |
| 1 Year: | 14.70% |
Stock Price Performance
| 1 Year: | -19.02% |
| 6 Months: | -5.71% |
| 3 Months: | -6.51% |
| 1 Month: | -9.10% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)36.16 · Neutral
P/E of 54.86 is above the sector median of 15.36 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 23.9%.
- Healthy ROCE of 29.7%.
- Excellent profit margin of 36.8%.
- Compounding revenue at 27.3% over 5 years.
- Profit CAGR of 18.2% over 5 years.
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 54.9.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CDSL Central Depository Services (India) Limited NIFTY_SMALLNSEFINANCIAL | 1,237.20 | 54.86 | ₹25,857.48 Cr | 1.00% | 29.74% | 23.91% | 27.29% | 18.24% |
| 2 | HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL | 706.95 | 15.45 | ₹10.90 L Cr | 1.88% | - | 13.84% | 16.90% | 12.47% |
| 3 | ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL | 1,385.00 | 17.90 | ₹9.94 L Cr | 0.89% | - | 16.07% | 18.11% | 16.78% |
| 4 | SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU | 963.00 | 10.32 | ₹8.89 L Cr | 1.82% | - | 15.18% | 12.19% | 14.39% |
| 5 | BAJFINANCE Bajaj Finance Limited NIFTY50NSEAIFINANCIAL | 926.00 | 28.43 | ₹5.77 L Cr | 0.56% | - | 16.68% | 22.58% | 18.23% |
| 6 | KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL | 437.80 | 21.46 | ₹4.36 L Cr | 0.15% | - | 10.64% | 13.48% | 8.92% |
| 7 | AXISBANK Axis Bank Limited NIFTY50NSEAIFINANCIAL | 1,210.00 | 13.61 | ₹3.77 L Cr | 0.08% | - | 13.35% | 12.16% | 34.61% |
| 8 | BAJAJFINSV Bajaj Finserv Ltd. NIFTY50NSEAIFINANCIAL | 1,690.00 | 26.83 | ₹2.70 L Cr | 0.07% | - | 12.58% | 22.92% | 15.16% |
| 9 | LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU | 392.05 | 8.26 | ₹2.48 L Cr | 2.59% | - | 32.53% | 7.26% | 16.86% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 125.00 Cr | 150.00 Cr | 207.00 Cr | 214.00 Cr | 241.00 Cr | 257.00 Cr | 322.00 Cr | 278.13 Cr | 224.49 Cr | 258.81 Cr | 319.00 Cr | 304.36 Cr | 262.85 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 61.89 Cr | 65.11 Cr | 73.61 Cr | - | 82.70 Cr | 83.32 Cr |
| Gross Profit | - | - | - | - | - | - | - | 216.24 Cr | 159.38 Cr | 185.20 Cr | - | 221.66 Cr | 179.53 Cr |
| Operating Expenses | 56.00 Cr | 70.00 Cr | 79.00 Cr | 84.00 Cr | 93.00 Cr | 103.00 Cr | 122.00 Cr | 68.55 Cr | 64.24 Cr | 69.95 Cr | 143.00 Cr | 77.71 Cr | 80.60 Cr |
| Operating Income | 63.00 Cr | 74.00 Cr | 122.00 Cr | 123.00 Cr | 140.00 Cr | 144.00 Cr | 188.00 Cr | 147.69 Cr | 95.14 Cr | 115.25 Cr | 160.00 Cr | 143.94 Cr | 98.94 Cr |
| EBITDA | 68.00 Cr | 80.00 Cr | 128.00 Cr | 130.00 Cr | 148.00 Cr | 154.00 Cr | 200.00 Cr | 181.36 Cr | 141.54 Cr | 166.43 Cr | 176.00 Cr | 189.05 Cr | 121.08 Cr |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.47 L | 5.02 L | 4.82 L | 0 | 4.00 L | 4.11 L |
| Pretax Income | 82.00 Cr | 98.00 Cr | 145.00 Cr | 145.00 Cr | 168.00 Cr | 175.00 Cr | 225.00 Cr | 168.38 Cr | 127.20 Cr | 151.18 Cr | 183.00 Cr | 171.93 Cr | 103.22 Cr |
| Tax Provision | 18.86 Cr | 24.50 Cr | 36.25 Cr | 37.70 Cr | 38.64 Cr | 40.25 Cr | 63.00 Cr | 38.57 Cr | 26.81 Cr | 48.78 Cr | 42.09 Cr | 38.98 Cr | 23.43 Cr |
| Net Income | 63.00 Cr | 74.00 Cr | 109.00 Cr | 107.00 Cr | 129.00 Cr | 134.00 Cr | 162.00 Cr | 130.10 Cr | 100.31 Cr | 102.37 Cr | 140.00 Cr | 133.33 Cr | 80.22 Cr |
| Diluted EPS | 3.02 | 3.52 | 5.21 | 5.14 | 6.18 | 6.42 | 7.75 | 6.23 | 4.80 | 4.90 | 6.71 | 6.38 | 3.84 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 105.00 Cr | 123.00 Cr | 146.00 Cr | 188.00 Cr | 196.00 Cr | 225.00 Cr | 344.00 Cr | - | 555.09 Cr | 812.26 Cr | 1,082.28 Cr | 1,144.92 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 133.37 Cr | 185.36 Cr | 235.09 Cr | 318.76 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 421.71 Cr | 626.90 Cr | 847.20 Cr | 826.16 Cr |
| Operating Expenses | 60.00 Cr | 59.00 Cr | 67.00 Cr | 77.00 Cr | 87.00 Cr | 136.00 Cr | 132.00 Cr | - | 112.76 Cr | 164.73 Cr | 271.81 Cr | 306.48 Cr |
| Operating Income | 39.00 Cr | 60.00 Cr | 75.00 Cr | 103.00 Cr | 99.00 Cr | 77.00 Cr | 203.00 Cr | - | 308.96 Cr | 462.17 Cr | 575.38 Cr | 519.69 Cr |
| EBITDA | 45.00 Cr | 64.00 Cr | 79.00 Cr | 110.00 Cr | 109.00 Cr | 89.00 Cr | 212.00 Cr | - | 384.77 Cr | 583.36 Cr | 743.99 Cr | 675.35 Cr |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 13.35 L | 11.01 L | 10.03 L | 17.35 L |
| Pretax Income | 63.00 Cr | 131.00 Cr | 117.00 Cr | 141.00 Cr | 148.00 Cr | 136.00 Cr | 260.00 Cr | - | 365.15 Cr | 556.01 Cr | 694.90 Cr | 608.99 Cr |
| Tax Provision | 19.53 Cr | 40.61 Cr | 30.42 Cr | 38.07 Cr | 34.04 Cr | 29.92 Cr | 57.20 Cr | - | 89.19 Cr | 136.46 Cr | 168.58 Cr | 153.91 Cr |
| Net Income | 43.00 Cr | 91.00 Cr | 87.00 Cr | 104.00 Cr | 115.00 Cr | 107.00 Cr | 201.00 Cr | - | 275.94 Cr | 419.11 Cr | 526.64 Cr | 456.13 Cr |
| Diluted EPS | 2.09 | 4.35 | 4.10 | 4.94 | 5.43 | 5.08 | 9.59 | 14.89 | 13.21 | 20.05 | 25.20 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 491.00 Cr | 553.00 Cr | 606.00 Cr | 690.00 Cr | 784.00 Cr | 862.00 Cr | 1,084.00 Cr | - | 1,457.17 Cr | 1,781.65 Cr | 2,162.14 Cr | 2,419.03 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 655.76 Cr | 798.58 Cr | 1,102.31 Cr | 1,082.08 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 5.27 Cr | 11.81 Cr | 22.61 Cr | 51.40 Cr |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | 17.39 Cr | 28.60 Cr | 23.07 Cr | 64.61 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 200.03 Cr | 274.46 Cr | 358.27 Cr | 416.79 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 184.21 Cr | 240.05 Cr | 316.75 Cr | 370.94 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 2.37 Cr | 1.36 Cr | 2.98 Cr | 2.20 Cr |
| Total Equity | 369.00 Cr | 479.00 Cr | 533.00 Cr | 598.00 Cr | 668.00 Cr | 723.00 Cr | 877.00 Cr | - | 1,213.73 Cr | 1,463.34 Cr | 1,760.34 Cr | 1,959.78 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 20.90 Cr | 20.90 Cr | 20.90 Cr | 20.90 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 43.00 Cr | 28.00 Cr | 43.00 Cr | 79.00 Cr | 86.00 Cr | 82.00 Cr | 193.00 Cr | - | 248.82 Cr | 385.94 Cr | 543.47 Cr | 466.62 Cr |
| Investing Cash Flow | -19.00 Cr | 0 | 18.00 Cr | -67.00 Cr | -67.00 Cr | -33.00 Cr | -107.00 Cr | - | -126.28 Cr | -249.24 Cr | -299.11 Cr | -185.00 Cr |
| Financing Cash Flow | -23.00 Cr | -28.00 Cr | -31.00 Cr | -38.00 Cr | -20.00 Cr | -51.00 Cr | -47.00 Cr | - | -157.78 Cr | -168.58 Cr | -230.59 Cr | -262.47 Cr |
| Capital Expenditure | -3.00 Cr | -1.00 Cr | -6.00 Cr | -76.00 Cr | -12.00 Cr | -9.00 Cr | -18.00 Cr | - | -205.59 Cr | -73.46 Cr | -155.75 Cr | -120.70 Cr |
| Free Cash Flow | 40.00 Cr | 27.00 Cr | 37.00 Cr | 3.00 Cr | 74.00 Cr | 73.00 Cr | 175.00 Cr | - | 43.24 Cr | 312.49 Cr | 387.72 Cr | 345.92 Cr |
| Net Change in Cash | 0 | 1.00 Cr | 29.00 Cr | -26.00 Cr | -1.00 Cr | -1.00 Cr | 38.00 Cr | - | -35.23 Cr | -31.88 Cr | 13.77 Cr | 19.15 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 76.0% | 77.2% | 78.3% | 72.2% |
| Operating Margin % | 37.1% | 48.8% | 51.4% | 54.8% | 50.5% | 34.2% | 59.0% | - | 55.7% | 56.9% | 53.2% | 45.4% |
| Net Margin % | 41.0% | 74.0% | 59.6% | 55.3% | 58.7% | 47.6% | 58.4% | - | 49.7% | 51.6% | 48.7% | 39.8% |
| ROE % | 11.7% | 19.0% | 16.3% | 17.4% | 17.2% | 14.8% | 22.9% | - | 22.7% | 28.6% | 29.9% | 23.3% |
| ROCE % | - | - | - | - | - | - | - | - | 24.3% | 30.0% | 31.2% | 25.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for CDSL
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CDSL — Frequently Asked Questions
What is the current share price of Central Depository Services (India) Limited (CDSL)?
As of 2026-10-23 04:58 IST, Central Depository Services (India) Limited (CDSL) trades at ₹1,237.20 on NSE. Its 52-week range is ₹1,109.28 to ₹1,640.34.
What is the market capitalisation of CDSL?
Central Depository Services (India) Limited (CDSL) has a market capitalisation of ₹25,857.48 Cr on NSE.
What is the P/E ratio of CDSL?
CDSL trades at a trailing price-to-earnings (P/E) ratio of 54.86. The industry average P/E is 15.36. Its price-to-book (P/B) ratio is 13.44.
Does CDSL pay a dividend?
Central Depository Services (India) Limited (CDSL) currently offers a dividend yield of 1.00%.
What is the return on equity (ROE) of CDSL?
CDSL has a return on equity (ROE) of 23.91%. Its return on capital employed (ROCE) is 29.74%.
Is CDSL a good stock to buy?
This page provides a data-driven analysis of Central Depository Services (India) Limited (CDSL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.