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Central Depository Services (India) Limited

Central Depository Services (India) Limited

NSE: CDSL
Capital MarketsFinancial ServicesLARGE CAPMCap ₹26.90k Cr
₹1,286.90₹-6.10 (-0.47%)

Market Closed • NSE

Market cap₹26.90k Cr
Enterprise value₹26.26k Cr
P/E TTM57.07
Forward P/E42.86
P/B13.72
EPS TTM₹22.55
Forward EPS₹30.03
D/E0.11
Dividend yield0.01%
52W high₹1,673.70
52W low₹1,116.30
Price chart(1Y)
1Y Return:+4.80% (+₹59.00)
H: ₹1,453.1L: ₹1,202.5
1W+1.65%
1M-4.63%
3M-5.71%
6M-2.77%
1Y-20.13%
Today at a glance

Day range

₹1,272.00₹1,301.00

52 week range

₹1,116.30₹1,673.70
Volume824.9K0.87x 20D avg
Free float50.00%-12.70% volume

Central Depository Services (India) Limited closed at INR1286.90 (-0.47%) on volume 0.87x its 20-day average, trading 23.11% below its 52-week high.

Technical analysis
RSI (14)45.9Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹29.54Moderate
SMA 20₹1,293.69BEARISH
SMA 50₹1,337.61BEARISH
SMA 100₹1,328.21BEARISH
SMA 200₹1,311.02BEARISH
CPR bottom₹1,293.80
Pivot₹1,293.53
CPR top₹1,293.27
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +46.5% QoQ

2026-07-17

DIVIDEND Announced

Dividend - Rs 12.75 Per Share

2025-08-07

DIVIDEND Announced

Dividend - Rs 12.50 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL4/4 criteria
Non-Compliant (Business Activity)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹2.2 Cr₹26.90k Cr0.01%≤ 33%PASS
Non-halal income ratio–₹1.14k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹2.37k Cr₹2.42k Cr97.88%≥ 20%PASS
Receivables ratio–₹2.42k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E57.0716.50
Forward P/E42.86—
P/B13.721.60
EV/EBITDA—18.00
PEG—0.50
Earnings yield1.806.10
Growth & profitability
RevenuePAT
FY24PAT margin 51.60%
FY25PAT margin 48.70%
FY26PAT margin 39.80%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+1.90%
Revenue CAGR 5Y+7.10%
PAT CAGR 3Y-4.60%
PAT CAGR 5Y+1.70%
Operating margin48.89%
Net margin36.80%
Financial health & cash flow
Net debt–Moderate
Interest coverage2,995.30xEBIT / interest
CFO / PAT1.03x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹466.6 Cr
Capital expenditure–
Free cash flow₹345.9 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall60/100
Valuation35/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.11x

High Cash Flow Conversion: CFO/PAT averaged 1.03x over last 3 years

Risks

Stretched Valuation: Trading at a high P/E multiple of 57.1x

Bull case

Market Leadership: Established operational scale in Capital Markets.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
17 Jul 2026Dividend₹12.75 / share—17 Jul 2026
07 Aug 2025Dividend₹12.50 / share—07 Aug 2025
24 Aug 2024Bonus issue1:1 bonus ratio—23 Aug 2024
16 Jul 2024Dividend₹19.00 / share—16 Jul 2024
25 Aug 2023Dividend₹16.00 / share—25 Aug 2023
08 Sept 2022Dividend₹15.00 / share—07 Sept 2022
14 Sept 2021Dividend₹9.00 / share—13 Sept 2021
08 Sept 2020Dividend₹4.50 / share—07 Sept 2020
10 Sept 2019Dividend₹4.00 / share—06 Sept 2019
—Dividend₹3.50 / share—09 Aug 2018
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)38.08%-13.60% latest vs average
Highest delivery51.12%on 28 Sept
Average volume (20D)945.2KTrading-session average
Conviction trendWeakening-13.60% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
HDFC Bank Limited
HDFC Bank LimitedHDFCBANK
Open analysis
₹11.24L15.931.79%₹46,355.55₹19,059.72-45.69%+17.23%
ICICI Bank Limited
ICICI Bank LimitedICICIBANK
Open analysis
₹10.03L18.060.86%₹32,960.41₹16,276.00-35.98%+12.59%
State Bank of India
State Bank of IndiaSBIN
Open analysis
₹8.89L10.321.81%₹62,915.13₹25,121.00-29.09%+13.56%
Bajaj Finance Limited
Bajaj Finance LimitedBAJFINANCE
Open analysis
₹6.11L29.360.56%₹13,929.00₹6,081.00+17.62%+27.62%
Life Insurance Corporation of India
Life Insurance Corporation of IndiaLICI
Open analysis
₹5.03L8.372.54%₹2.40L₹13,584.00+6.76%+24.00%
Kotak Mahindra Bank Limited
Kotak Mahindra Bank LimitedKOTAKBANK
Open analysis
₹4.45L21.930.15%₹11,266.63₹5,480.00-41.22%+22.54%
Axis Bank Limited
Axis Bank LimitedAXISBANK
Open analysis
₹4.02L14.510.08%₹21,381.52₹7,114.00-3.52%+22.53%
Bajaj Finserv Ltd.
Bajaj Finserv Ltd.BAJAJFINSV
Open analysis
₹2.77L27.450.08%₹42,036.90—+39.05%—
About Central Depository Services (India) Limited
Central Depository Services (India) Limited

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 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, 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.

IndiaFinancial Services

Questions investors ask
Is Central Depository Services (India) Limited Shariah compliant?

Central Depository Services (India) Limited is currently screened as Non-Compliant (Business Activity) under AAOIFI Shariah Standard No. 21. Business activity in non-permissible sector: /\bfinancial services\b/i Debt to Market Cap (0.01%) complies with AAOIFI threshold (≤ 33%).

What is Central Depository Services (India) Limited's current valuation relative to peers?

Central Depository Services (India) Limited trades at a P/E of 57.1x compared to the sector median of 16.5x, and a Price-to-Book of 13.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.11x. Interest coverage is 2995.3x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 7.1% while net profit growth averaged 1.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.