Central Depository Services (India) Ltd (CDSL)
₹1,263.00
Mkt cap
₹26,397 Cr
P/E ratio
56.00
P/B
13.46
Div yield
1.01%
ROE
24.50%
ROCE
32.00%
EPS (TTM)
₹22.55
Book value
₹94
52W range
1,116–1,674
Sector
Financial Services
Price history
Previous close
Central Depository Services Limited is a Market Infrastructure Institution (MII), part of the capital market structure, providing services to all market participants - exchanges, clearing corporations, depository participants (DPs), issuers and investors. It is a facilitator for holding of securities in the dematerialised form and an enabler for securities transactions. [1]
NSE CDSL
Health check
Constructive
ValuationExpensive
ProfitabilityStrong
GrowthHigh
TechnicalsNeutral
52-week range
−24.54% from high₹1,263
₹1,116+13.14% from low₹1,674
Current
₹1,263.00
Prev close
₹1,282.00
Day
−1.48%
Price performance
1D
−1.48%
1W
+6.27%
1M
+0.09%
3M
−5.49%
6M
−3.32%
1Y
−21.08%
YTD
−13.88%
Financials
Revenue, profit & margin
P/E ratio
56.0×
CDSL is 55% above the sector median of 36.1×
CDSL56.0×
Sector median36.1×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 150 | 207 | 214 | 241 | 257 | 322 | 278 | 224 | 259 | 319 | 304 | 263 | 293 | |
| Expenses | 70 | 79 | 84 | 93 | 103 | 122 | 117 | 115 | 129 | 143 | 145 | 147 | 155 | |
| Operating Profit | 80 | 128 | 130 | 148 | 154 | 200 | 161 | 109 | 130 | 176 | 160 | 116 | 138 | |
| OPM % | 53% | 62% | 61% | 61% | 60% | 62% | 58% | 49% | 50% | 55% | 52% | 44% | 47% | |
| Other Income | 24 | 23 | 21 | 29 | 30 | 37 | 21 | 32 | 36 | 22 | 29 | 6 | 48 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Depreciation | 6 | 6 | 7 | 8 | 10 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | |
| Profit before tax | 98 | 145 | 145 | 168 | 175 | 225 | 168 | 127 | 151 | 183 | 172 | 103 | 167 | |
| Tax % | 25% | 25% | 26% | 23% | 23% | 28% | 23% | 21% | 32% | 23% | 23% | 23% | 29% | |
| Net Profit | 74 | 109 | 107 | 129 | 134 | 162 | 130 | 100 | 102 | 140 | 133 | 80 | 118 | |
| EPS in Rs | 3.52 | 5.21 | 5.14 | 6.18 | 6.42 | 7.75 | 6.22 | 4.80 | 4.90 | 6.71 | 6.38 | 3.84 | 5.62 | |
| Raw PDF |
Earnings
Results dates & reactionsNext results
31 Oct '26
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −1.15% · closed higher next day 14 of last 37
| Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25† | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 5 Aug '23◦ | 28 Oct '23◦ | 3 Feb '24◦ | 4 May '24◦ | 3 Aug '24◦ | 26 Oct '24◦ | 25 Jan '25◦ | 3 May '25 | 26 Jul '25◦ | 1 Nov '25◦ | 31 Jan '26◦ | 2 May '26◦ |
| Earnings day | −1.30% | +3.56% | −2.47% | +3.21% | −5.80% | +4.56% | −10.41% | −1.11% | −5.69% | +0.39% | −6.29% | −2.65% |
| +1 day | +1.47% | +9.72% | −1.25% | +1.46% | −6.54% | +3.02% | −15.71% | −5.12% | −4.64% | −3.03% | +1.73% | −1.36% |
| +5 days | −2.94% | +20.84% | −1.28% | −4.13% | +4.92% | +8.64% | −12.89% | −3.70% | −2.62% | +0.86% | +4.10% | −3.55% |
| +15 days | −7.07% | +29.98% | +1.40% | +1.89% | +25.12% | +8.83% | −19.66% | +10.59% | −2.04% | −0.83% | +1.07% | −4.29% |
| +30 days | +7.50% | +47.30% | −10.46% | −0.30% | +18.72% | +37.28% | −26.19% | +26.68% | −4.08% | −5.42% | −9.16% | −0.63% |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 12.75 Per Share | 12.75 | 17 Jul '26 | 17 Jul '26 |
Results analysis
Shareholding
as of Sep 202615.00%Promoter
Promoters15.00%
FIIs8.66%0.42
DIIs17.77%2.58
Public58.56%3.01
Ownership trend
Peers
5 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| C D S L | ₹1,263.00 | 56.01 | 26,397 | 1.01% | 118 | +14.80% | 293 | +13.10% | 31.98% |
| Cams Services | ₹653.60 | 34.92 | 16,243 | 1.91% | 122 | +10.26% | 366 | +3.55% | 48.27% |
| KFin Technolog. | ₹850.90 | 41.16 | 14,710 | 1.41% | 100 | +7.53% | 402 | +29.94% | 29.19% |
| N S D L | ₹701.10 | 36.11 | 14,022 | 0.57% | 98 | +9.55% | 517 | +65.57% | 22.13% |
| Beacon Trust. | ₹85.00 | 22.03 | 154 | 0.00% | 2 | +113.56% | 15 | +18.51% | 19.76% |
| Median: 5 Co. | ₹701.10 | 36.11 | 14,710 | 1.01% | 100 | +10.26% | 366 | +18.51% | 29.19% |
Filings
Annual reports10
Concall transcripts62
TranscriptAug 2026PPTAug 2026RECAug 2026TranscriptMay 2026PPTMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptJan 2025PPTJan 2025RECJan 2025TranscriptNov 2024PPTNov 2024TranscriptAug 2024PPTAug 2024RECAug 2024
Announcements5
General Updates 30 Oct - SEBI imposed ₹1 crore penalty on CDSL for FY2023-24 inspection observations on operations and IT matters.Retirement 28 Oct - Senior Vice President Operations Ashish Bhatt retires effective close of business October 30, 2026.Analysts/Institutional Investor Meet/Con. Call Updates 27 Oct - CDSL schedules Q2FY27 investor conference call on November 2, 2026.Board Meeting - Financial Results 12 Oct - Board meeting on October 31, 2026 to approve Q2 FY2026-27 results; trading window remains closed.Board Meeting - Intimation 12 Oct - CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED has informed about Board Meeting to be held on 31-Oct-2026 to inter-alia consider and approve the Audited Financial results of …