CDSL

Central Depository Services (India) Ltd.

NSE: CDSL

Sector: Financial Services

Industry Group: Capital Markets

Industry: Depositories, Clearing Houses and Other Intermediaries

1,358.00+7.2 (+0.53%)

3 Jul, 1:59 PM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

98.2 / 100

Value Score

13.6 / 100

Price Momentum Score

36.7 / 100

QVM Score

45.8 / 100

Key Metrics

Market Cap

28231.70

P/E (TTM)

61.89

P/B

14.41

P/S (TTM)

24.66

EV/EBITDA

46.59

CAPE (5Y)

70.97

ROE (TTM)

24.52

ROCE (TTM)

27.27

ROA (TTM)

19.91

Avg 3Y ROE

29.50

Earnings 3Y CAGR

18.23

Sales 3Y CAGR

27.16

Sales 5Y CAGR

27.21

Debt/Equity

0.00

Consensus TP

1290.00

Strong Buy %

21.43

Promoter Holding

15.00

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Central Depository Services (India) Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.0 as on 31 Mar 2026 and Debt to Equity remained same in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 8 financial years

What is Dividend streak?

Negative

Expensive and at a premium to industry median P/B

PB of 14.41 indicates that the stock is expensive on a standalone basis and is at a 78.12% premium to industry median P/B

What is P/B Ratio?

Median: 8.09

Value 14.41

0.4814.99

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -14.48% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of 5.79% for 12-month ended 31 Mar 2026 and the growth was 7.77 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 13.56

Value 5.79

5.79250.07

Low EPS growth and lower than median growth of industry

The company delivered moderate EPS growth of -13.41% for 12-month ended 31 Mar 2026 and the growth was 20.17 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Low dividend yield

The company has a low dividend yield of 0.93%

What is Dividend yield?

Neutral

High ROE but declining trend

The company reported strong ROE of 24.52% for 12-month ended 31 Mar 2026 but ROE declined by -814 bps from 1 year ago

What is ROE (FY)?

High operating margin but declining trend

The company reported strong operating margin of 45.39% for 12-month ended 31 Mar 2026 but operating margin declined by -776 bps from 1 year ago

What is Operating profit margin?

Financial Snapshot

See detailed analysis

Multi-year trends for Central Depository Services (India) Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

ROA FY

Central Depository Services (India) Ltd. Shareholding Pattern

Quarterly breakdown of Central Depository Services (India) Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	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
Total Promoter	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00
Indian Promoter	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00
Foreign Promoter	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	43.72	44.15	41.86	42.73	41.97	41.35	38.08	36.20	35.92	34.69	34.61	34.29	33.14	37.13	37.05	39.49	34.52	38.91	35.33	36.26	26.74	27.13	25.72	27.49	25.78
Mutual Funds / UTI	12.87	13.34	10.98	8.09	6.69	7.96	7.94	7.89	8.16	7.85	7.44	7.39	7.78	11.49	12.52	12.95	13.88	15.88	13.36	11.21	7.18	6.20	6.22	7.38	6.63
FI/Bank/Insurance	21.72	21.96	20.59	21.04	19.59	17.25	14.38	11.96	10.76	11.04	11.50	11.06	10.69	10.24	9.02	8.11	8.96	8.63	7.79	7.64	8.10	7.62	7.60	7.54	7.78
Govt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	1.78	1.51	2.85	6.13	8.02	8.31	8.57	9.16	9.78	8.59	8.47	8.65	7.49	7.92	8.08	18.17	11.38	14.00	13.70	17.01	11.32	12.90	11.54	12.39	11.36
Other Institutions	7.35	7.34	7.44	7.47	7.66	7.83	7.19	7.19	7.22	7.21	7.19	7.19	7.18	7.47	7.43	7.45	0.30	0.41	0.48	0.40	0.14	0.41	0.35	0.18	0.01
Non-Institution	36.28	35.85	38.13	37.27	38.03	38.65	41.92	43.79	44.07	45.31	45.40	45.71	46.85	47.87	47.94	45.51	50.47	46.09	49.66	48.74	58.25	57.87	59.28	57.51	59.22
Bodies Corporate	4.83	5.43	5.15	4.67	4.64	2.36	2.43	2.48	2.44	2.56	2.56	2.51	2.26	2.26	2.48	2.34	3.27	2.40	2.29	2.30	2.27	2.45	2.87	2.19	2.20
Others (incl. Retail) No. of shareholders	31.45 1,43,933	30.42 1,44,747	32.98 1,46,809	32.60 1,55,758	33.39 1,76,181	36.29 2,72,514	39.49 4,92,002	41.31 5,98,287	41.63 6,93,353	42.75 7,88,399	42.84 7,95,287	43.20 7,99,526	44.59 8,27,083	45.61 8,30,437	45.46 8,07,647	43.17 7,75,189	47.20 8,41,009	43.69 8,26,747	47.37 11,01,202	46.44 11,70,814	55.98 15,26,623	55.42 14,94,856	56.41 15,08,899	55.32 14,59,792	57.02 15,12,010

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	Nifty Smallcap250 Quality 50	4.36%	2 / 50
2	Nifty Smallcap 50	3.09%	5 / 49
3	Nifty 500 Momentum Quality 50	1.22%	24 / 50
4	Nifty Smallcap 250	1.11%	5 / 249
5	Nifty 500	0.11%	175 / 499
6	Nifty Total Market	0.11%	175 / 749

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Central Depository Services (India) Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
GRAVITON RESEARCH CAPITAL LLP	18 Jun 2026	sell	₹ 1,361.25	10.52 lac	₹ 143.16 cr
GRAVITON RESEARCH CAPITAL LLP	18 Jun 2026	buy	₹ 1,359.70	10.52 lac	₹ 143.00 cr
GRAVITON RESEARCH CAPITAL LLP	03 Jun 2025	sell	₹ 1,710.94	11.15 lac	₹ 190.84 cr
GRAVITON RESEARCH CAPITAL LLP	03 Jun 2025	buy	₹ 1,710.14	11.15 lac	₹ 190.75 cr
GRAVITON RESEARCH CAPITAL LLP	02 Jun 2025	sell	₹ 1,636.22	15.12 lac	₹ 247.47 cr
GRAVITON RESEARCH CAPITAL LLP	02 Jun 2025	buy	₹ 1,635.78	15.12 lac	₹ 247.40 cr
JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	21 Apr 2025	sell	₹ 1,288.00	11.03 lac	₹ 142.02 cr
JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	21 Apr 2025	buy	₹ 1,288.79	11.03 lac	₹ 142.11 cr
JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	28 Mar 2025	buy	₹ 1,236.85	13.92 lac	₹ 172.13 cr
GRAVITON RESEARCH CAPITAL LLP	28 Mar 2025	sell	₹ 1,235.83	11.43 lac	₹ 141.30 cr

…

Corporate Actions

History of Central Depository Services (India) Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 12.75/share
Record date: 17th Jul 2026Ex-date: 17th Jul 2026
Announced on: 3rd May 2026
Dividend₹ 12.50/share
Record date: 7th Aug 2025Ex-date: 7th Aug 2025
Announced on: 5th May 2025
Bonus1 new shares for 1 existing shares
Ex-date: 23rd Aug 2024Announced on: 2nd Jul 2024
"Bonus shares will be credited on or before September 01 2024."
Dividend₹ 19/share
Record date: 16th Jul 2024Ex-date: 16th Jul 2024
Announced on: 4th May 2024
Dividend₹ 3/share
Record date: 16th Jul 2024Ex-date: 16th Jul 2024
Announced on: 4th May 2024

Company Profile

Overview of Central Depository Services (India) Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Central Depository Services (India) Limited is engaged in the depository services business and provides services to exchanges, clearing corporations, depository participants and investors. Its segments include Depository Activity, Data Entry and Storage, and Repository. Depository Activity provides ...

Key personnel

Shri. Girish Amesara

Chief Financial Officer

Shri. Amit Mahajan

Chief Technology Officer

Shri. Nilay Shah

Company Secretary, Compliance Officer

Shri. Vinay Madan

Chief Risk Officer

Ms. Nayana Mandar Ovalekar

Chief Regulatory Officer

Shri. Rajesh Saraf

Chief Data and Operations Officer

Shri. Balkrishna Vinayak ChaubalD

Public Interest Chairperson of the Board

Shri. Nehal Naleen VoraD

Chief Executive Officer, Managing Director, Executive Director

View all

Incorporated on

12 Dec 1997

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

30 Jun 2017

Free Float

20,90,00,000

Website

https://www.cdslindia.com/

Phone no.

+912223058602

Address

Marathon Futurex, Unit No. A-2501, Mafatlal Mills Compound, Lower Parel (E), MUMBAI, 400013, India

Frequently Asked Questions

What is the current share price of Central Depository Services (India) Ltd.?

The current share price of Central Depository Services (India) Ltd. is ₹ 1,358.00 as of 3 Jul 2026.

What is the market capitalisation of Central Depository Services (India) Ltd.?

The market capitalisation of Central Depository Services (India) Ltd. stands at ₹ 28,231.70 Cr.

What is the PE ratio of Central Depository Services (India) Ltd.?

The Price-to-Earnings (PE) ratio of Central Depository Services (India) Ltd. is 61.89 as of the latest trailing twelve months data.

What is the ROE and ROCE of Central Depository Services (India) Ltd.?

Central Depository Services (India) Ltd. has a Return on Equity (ROE) of 24.52% and a Return on Capital Employed (ROCE) of 27.27% as per the latest financial reports.

What is the 52-week high and low of Central Depository Services (India) Ltd.?

The 52-week high of Central Depository Services (India) Ltd. is - and the 52-week low is -.

What is the dividend yield of Central Depository Services (India) Ltd.?

The dividend yield of Central Depository Services (India) Ltd. is 0.93% based on the current market price.

What is the FII and DII holding in Central Depository Services (India) Ltd.?

Foreign Institutional Investors (FII) hold 11.36%, Domestic Institutional Investors (DII) hold 14.41% and retail/public investors hold 57.02% of Central Depository Services (India) Ltd. shares.

What sector does Central Depository Services (India) Ltd. belong to?

Central Depository Services (India) Ltd. operates in the Financial Services sector. 42.86% of analysts have a Buy or Strong Buy rating on Central Depository Services (India) Ltd. with a consensus target price of ₹ 1,290.00, implying 4.5% downside from current levels.

What is the beta of Central Depository Services (India) Ltd.?

The beta of Central Depository Services (India) Ltd. is 1.69, indicating its price volatility relative to the broader market. Over the past 1 year, Central Depository Services (India) Ltd. has delivered an absolute return of -22.75%.

What is the RSI of Central Depository Services (India) Ltd.?

The 14-day Relative Strength Index (RSI) of Central Depository Services (India) Ltd. is 63.09, placing it approaching overbought territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

Central Depository Services (India) Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Central Depository Services (India) Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Holdings and Presence

Company Profile

Corporate Actions

Stock Analysis