Central Depository Services (India) Ltd (CDSL)
₹1,397.80
Mkt cap
₹29,571 Cr
P/E ratio
62.80
P/B
14.90
Div yield
0.90%
ROE
24.50%
ROCE
32.00%
EPS (TTM)
₹22.26
Book value
₹94
52W range
1,119–1,655
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
TechnicalsBullish
52-week range
−15.56% from high₹1,398
₹1,119+24.87% from low₹1,655
Current
₹1,397.80
Prev close
₹1,414.90
Day
−1.21%
Price performance
1D
−1.21%
1W
+0.49%
1M
+4.90%
3M
+16.40%
6M
+12.76%
1Y
−7.36%
YTD
−4.69%
Financials
Revenue, profit & margin
P/E ratio
62.8×
CDSL is 50% above the sector median of 41.9×
CDSL62.8×
Sector median41.9×
| 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 & reactionsNo upcoming results date on calendar.
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 Jun 202615.00%Promoter
Promoters15.00%
FIIs8.24%3.12
DIIs15.19%0.77
Public61.57%2.35
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 |
|---|---|---|---|---|---|---|---|---|---|
| CDSL | ₹1,414.90 | 62.75 | 29,571 | 0.90% | 118 | +14.80% | 293 | +13.10% | 31.98% |
| CAMS | ₹736.50 | 40.32 | 18,296 | 1.70% | 122 | +15.80% | 353 | +5.58% | 48.27% |
| NSDL | ₹814.20 | 41.94 | 16,284 | 0.49% | 98 | +9.55% | 517 | +65.57% | 23.22% |
| KFINTECH | ₹922.50 | 45.51 | 15,947 | 1.30% | 75 | −2.65% | 357 | +30.10% | 29.19% |
| BEACON | ₹83.60 | 21.64 | 151 | 0.00% | 2 | +113.56% | 15 | +18.51% | 19.76% |
| Median: 5 Co. | ₹814.20 | 41.94 | 16,284 | 0.90% | 98 | +14.80% | 353 | +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 1 Sep - ONDC allotted 5 lakh shares to CDSL on August 24, 2026 for ₹5 crore, giving 2.2% stake.Analysts/Institutional Investor Meet/Con. Call Updates 1 Sep - CDSL schedules one-to-one virtual investor meeting with Lyptus Capital on September 4, 2026.Appointment 27 Aug - SEBI approved Geetha Gangadharan’s appointment as Non-Independent Director on CDSL board, effective August 27, 2026.Change in Management 27 Aug - Farokh Patel appointed Chief Regulatory Officer from Sept. 1, 2026; Nayana Ovalekar ceases Aug. 31, 2026.Outcome of Board Meeting 27 Aug - Farokh Patel appointed Chief Regulatory Officer from Sept 1, 2026; Nayana Ovalekar ceases Aug 31, 2026.