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Central Depository Services (India) Limited

₹ 1,4341.34%
16 Jan 9:19 a.m. – close price
🔗cdslindia.com•BSE: •NSE: CDSL
Market Cap₹ 29,981 Cr.
Current Price₹ 1,434
High / Low₹ 1,829
Stock P/E64.4
Book Value₹ 67.4
Dividend Yield0.87 %
ROCE46.5 %
ROE36.3 %
Face Value₹ 10.0
Sales₹ 896 Cr.
OPM55.9 %
Mar Cap₹ 29,981 Cr.

ABOUT

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]

KEY POINTS

Business OverviewCDSL facilitates holding and transacting securities in electronic form and facilitates the settlement of trades executed on stock exchanges. These securities include equities, debentures, bonds, units of mutual funds, Certificates of deposit (CDs), commercial papers (CPs), Treasury Bills (TBills), and others. Other services include e-Voting, M-Voting, Myeasi Mobile App and e-Locker.[1]

Also present in buckets:
Aggressive Growth TriggersAsset Base ExpansionCapacity Expansion And ProductsRevenue Guidance Vs ActualsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.C D S L1434.5064.4529981.050.87127.50-25.50271.819.6846.53896.1755.88465.20127.5021.2829.640.00
2.N S D L1034.0060.4320680.000.19110.3914.75400.0412.1523.571420.1526.44327.99110.399.5612.510.01
3.KFin Technolog.1072.0053.4718487.990.7093.314.47309.2310.2532.751156.0143.43345.8093.3112.6120.080.03
4.Cams Services725.9040.9017994.221.72110.94-3.71353.893.5154.751372.2645.55440.03110.9415.9330.600.06
5.Beacon Trust.86.0025.59155.360.004.527.6218.2237.6124.4530.7129.836.074.523.1314.630.00
–Median: 5 Co.1034.053.4718487.990.7110.394.47309.2310.2532.751156.0143.43345.8110.3912.6120.080.01

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
11817022112319822298185182123164248272
Expenses
4664905376103427191456193111
Operating Profit
7210513169122119561149078103155161
Other Income
15161448239114202318187618
Profit before tax
831161341121361976612810291116221165
Tax %
25%26%22%18%23%23%22%24%21%25%24%23%23%
Net Profit
6386105921051525297816988171128
EPS in Rs
3.004.105.024.415.047.272.474.663.863.284.218.196.10

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
7586102122151152158271415451641848896
Expenses
5162526066719599133184249350395
Operating Profit
25235062858263172282267392498501
Other Income
31316434283643426593102136146
Interest
0000000000000
Depreciation
453368971016214148
Profit before tax
52491119210611097206337344473594598
Net Profit
41357768788477160264272363462465
EPS in Rs
1.981.663.683.253.724.043.707.6612.6213.0217.3822.1122.25
Dividend Payout %
50%66%34%46%47%50%61%59%59%61%63%57%–

Compounded Profit Growth

10 Years:32%
5 Years:43%
3 Years:21%
TTM:1%

Compounded Sales Growth

10 Years:26%
5 Years:40%
3 Years:27%
TTM:12%

Return on Equity

10 Years:27%
5 Years:33%
3 Years:34%
Last Year:36%

Stock Price CAGR

10 Years:%
5 Years:41%
3 Years:39%
1 Year:-12%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
104104104104104104104104104104104209209
Reserves
2232303223583984384655787468611,0551,1821,200
Borrowings
0000000000022
Other Liabilities
871065455717084151176182243324565
Total Liabilities
4144404815175736136548331,0271,1481,4031,7181,975
Fixed Assets
864575727271103109324357361
Gross Block
47.4348.147.0211.5087.7193.09101.00107.03148.09168.40400.57467.00–
Accumulated Depreciation
39.4142.343.436.6812.9220.8728.9736.0945.3359.1476.28109.55–
CWIP
0000000234174467
Investments
3473614084624324825245767177409051,0861,232
Other Assets
59746950675857164203125170269375
Total Assets
4144404815175736136548331,0271,1481,4031,7181,975

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
30362133657364169232207334443
Cash from Investing Activity
-6-118-2-23-55-14-82-114-67-204-206
Cash from Financing Activity
-24-24-28-31-38-20-51-47-94-157-167-230
Net Cash Flow
-1-01-04-2-13924-18-377

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
161635272721283324191713
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
161635272721283324191713
Working Capital Days
-280-321-130-103-125-125-137-149-94-95-67-88
ROCE %
11%12%21%21%22%21%17%33%44%38%44%47%

Shareholding Pattern

Numbers in percentages

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2023Sep 2024Sep 2025Dec 2025
Promoters
20.00%15.00%15.00%15.00%15.00%15.00%20.00%15.00%15.00%15.00%15.00%15.00%15.00%
FIIs
15.83%18.16%17.15%15.10%14.00%12.90%14.67%11.38%11.34%15.25%13.77%11.54%12.40%
DIIs
18.46%21.33%19.11%22.03%24.92%14.24%18.48%23.15%15.41%21.80%21.57%14.18%15.12%
Public
45.71%45.51%48.74%47.87%46.09%57.87%46.85%50.47%58.25%47.94%49.66%59.28%57.49%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Household Savings Shift Fuels Capital Markets Growth; AMCs and Infra Players Poised for Strong Earnings

18th April 2026, 12:11 am

Tata Motors Passenger Vehicles Ltd. Files SEBI Compliance Certificate for Q3 FY26 Amidst Corporate Restructuring and Outlook Concerns

5th January 2026, 8:22 pm

Central Depository Services (India) Limited (CDSL) Announces Trading Window Closure for Q3 FY25-26 Results

31st December 2025, 7:50 pm

CDSL Disclosure: Bombay High Court Sets Aside Arbitration Award Against Company

25th December 2025, 12:05 am

MPS Infotecnics Ltd. Disclosure: Delhi High Court Disposes Writ Petition on Custodial Charges

16th December 2025, 6:04 pm

Published by Other Websites

External media mentions & references

India's Capital Markets Surge on Savings Boom, Valuations Diverge

16th April 2026, 10:00 am

Jefferies Names Top Indian Stocks Amid Market Swings

10th April 2026, 10:46 am

RBI Holds Rates: Bank Nifty Surges 5% as Investors Cheer Stability

8th April 2026, 1:47 pm

US-Iran Truce Ignites 11% Rally in Indian Capital Market Stocks

8th April 2026, 1:11 pm

Angel One, BSE Stocks Soar as RBI Delays Broker Exposure Rules

1st April 2026, 10:25 am

News Articles

Editorial & research coverage

BSE Profit Surges on Derivatives; Valuation, STT Hike Raise Questions
BSE Profit Surges on Derivatives; Valuation, STT Hike Raise Questions

10th February 2026, 10:08 am

India's Depositories Face Scrutiny After NSDL Glitch
India's Depositories Face Scrutiny After NSDL Glitch

5th February 2026, 9:17 pm

Nuvama Sees 58% Upside in 8 Indian Stocks
Nuvama Sees 58% Upside in 8 Indian Stocks

4th February 2026, 11:15 am

Budget Fears Sink Broking Stocks in Special Session
Budget Fears Sink Broking Stocks in Special Session

1st February 2026, 10:57 am

CDSL Earnings: Revenue Up, Margins Compress
CDSL Earnings: Revenue Up, Margins Compress

31st January 2026, 3:04 pm

Documents

Announcements

Updates

8 January 2026 - CDSL Ventures Limited crossed 10 crore KYC records on January 8, 2026.

Trading Window

31 December 2025 - Trading window closed Jan 1, 2026 until 48 hours after Dec 31, 2025 results dissemination.

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

24 December 2025 - Bombay HC (Dec 23, 2025) set aside April 29, 2024 award in Anugrah misutilization dispute.

Analysts/Institutional Investor Meet/Con. Call Updates

22 December 2025 - One-to-one meetings with Axis Capital and Alturas India Fund on Dec 26, 2025 (03:30–04:30, 05:00–06:00).

Analysts/Institutional Investor Meet/Con. Call Updates

9 December 2025 - Investor call with HDFC Securities and select investors on December 12, 2025 at 6:30 PM cancelled.

Annual Reports

Financial Year 2025

(from nse)

Financial Year 2024

(from nse)

Financial Year 2023

(from nse)

Financial Year 2022

(from nse)

Financial Year 2022

(from web)

Financial Year 2021

(from nse)

Financial Year 2020

(from nse)

Financial Year 2019

(from nse)

Financial Year 2018

(from nse)

Credit Ratings

No credit ratings.

Concalls

Nov 2025

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Stock Analysis

Description

  1. Central Depository Services (India) Limited (CDSL) is a prominent depository in India, providing essential services for the safekeeping and trading of securities, facilitating dematerialization, settlement, and corporate actions.

Key Dates To Watch

  1. Board Meeting for Q3 FY25-26 results: Date to be intimated.
  2. Trading Window Closure: January 01, 2026, until 48 hours after Q3 FY25-26 results dissemination.

Corporate Announcements

17th Apr 26
Impact Rating: -
No description available.
5th Jan 26
Impact Rating: 9
Tata Motors Passenger Vehicles Ltd. has filed a certificate confirming compliance with SEBI regulations for dematerialization for the quarter ending December 31, 2025, as provided by its RTA. This regulatory update follows significant corporate restructuring and operational challenges.
31st Dec 25
Impact Rating: 4
CDSL announced its trading window will be closed from January 1, 2026, until 48 hours after its Q3 FY25-26 financial results are disseminated.
24th Dec 25
Impact Rating: 6
Central Depository Services (India) Limited reported that the Bombay High Court allowed a petition, setting aside a previous arbitration award against CDSL related to Anugrah Stock & Broking.
16th Dec 25
Impact Rating: 5
MPS Infotecnics announced the Delhi High Court disposed of its writ petition regarding custodial and dematerialization charges, directing respondents to treat it as a representation for decision.