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Central Depository Services (India) Limited (CDSL.NS)
Mumbai, IN
Central Depository Services (India) Limited, founded in Mumbai in 1997, offers a comprehensive range of depository solutions throughout India. The company facilitates various services for investors, including opening and managing dematerialized accounts, processing both delivery and receipt instructions, providing account statements, rematerialization, pledging securities, handling nominations and transfers, and updating personal information such as addresses and bank details, along with SMS notifications. CDSL also assists issuers by enabling the direct credit of securities into shareholder and applicant demat accounts. Furthermore, it provides Know Your Customer (KYC) services to capital market intermediaries for their investors. Expanding its digital offerings, the company supports the electronic storage of insurance policies for policyholders and enables the holding and transaction of electronic negotiable warehouse receipts. Additional digital tools include online access to security information, secure transaction execution capabilities, e-voting, e-notices, e-locker services, and a dedicated mobile application. CDSL serves a broad spectrum of clients, including investors (through depository participants), issuing companies, capital market intermediaries, insurance companies, and warehouse service providers.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.64% | -5.37% | -6.88% | -10.00% | -26.10% | -16.75% | -9.18% | +142.38% | +189.65% | +818.81% | +818.81% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 3 | +2 |
| Buy | 6 | 0 |
| Hold | 4 | +1 |
| Sell | 3 | 0 |
| Strong Sell | 2 | 0 |
-
Revenue growth Financial - Capital Markets: +19.7%+14.4% Q1'26: +19.6% (vs Q1'25)
-
EPS growth Financial - Capital Markets: +35.3%-13.4% Q1'26: -20.0% (vs Q1'25)
-
FCF margin FCF growth · Financial - Capital Markets: +29.5%+37.6% Q1'26: +125.1% (vs Q1'25)
-
EBIT margin Financial - Capital Markets: +33.5%+49.2% ★ Q1'26: +38.5% (vs Q1'25)
-
ROIC Financial - Capital Markets: +4.0%+38.1% ★ Q1'26: +26.7% (vs Q1'25)
-
Share dilution Financial - Capital Markets: +0.0%+0.1% Q1'26: -0.1% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×0.00× ★ Q1'26: 0.00× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 13 Rev. Ana. 13 EPS Ana. |
Mar 2027 12 Rev. Ana. 12 EPS Ana. |
Mar 2028 13 Rev. Ana. 13 EPS Ana. |
Mar 2029 4 Rev. Ana. 4 EPS Ana. |
Mar 2030 3 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
1.88B
est: 1.91B (-1.7%)
|
1.96B
est: 1.95B (+0.8%)
|
2.25B
est: 2.24B (+0.3%)
|
3.44B
est: 3.44B (+0.0%)
|
5.51B
est: 5.51B (+0.0%)
|
5.55B
est: 5.55B (+0.0%)
|
8.12B
est: 10.14B (-19.9%)
|
10.82B
est: 11.26B (-3.9%)
|
11.83B
11.48B – 12.95B
+5.0% YoY
|
13.07B
12.29B – 14.06B
+10.5% YoY
|
15.11B
13.52B – 17.41B
+15.6% YoY
|
17.53B
17.25B – 17.80B
+16.0% YoY
|
23.46B
21.50B – 26.21B
+33.8% YoY
|
| EBITDA |
1.15B
est: 1.39B (-17.4%)
|
1.12B
est: 1.42B (-21.1%)
|
1.48B
est: 1.76B (-15.6%)
|
2.69B
est: 1.76B (+53.0%)
|
4.20B
est: 2.07B (+102.8%)
|
3.85B
est: 2.37B (+62.6%)
|
5.83B
est: 6.91B (-15.6%)
|
7.44B
est: 7.67B (-3.0%)
|
8.06B
7.82B – 8.82B
+5.0% YoY
|
8.90B
8.38B – 9.58B
+10.5% YoY
|
10.29B
9.21B – 11.86B
+15.6% YoY
|
11.94B
11.75B – 12.13B
+16.0% YoY
|
15.98B
14.64B – 17.85B
+33.8% YoY
|
| EBIT |
1.08B
est: 1.33B (-18.7%)
|
1.02B
est: 1.15B (-11.2%)
|
1.36B
est: 1.11B (+23.1%)
|
2.60B
est: 910.06M (+185.2%)
|
4.09B
est: 1.07B (+280.7%)
|
3.65B
est: 1.23B (+197.9%)
|
5.56B
est: 6.53B (-14.8%)
|
6.95B
est: 7.24B (-4.1%)
|
7.61B
7.39B – 8.33B
+5.0% YoY
|
8.41B
7.91B – 9.05B
+10.5% YoY
|
9.72B
8.70B – 11.20B
+15.6% YoY
|
11.28B
11.10B – 11.46B
+16.0% YoY
|
15.10B
13.83B – 16.86B
+33.8% YoY
|
| Net Income |
1.03B
est: 1.05B (-1.6%)
|
1.14B
est: 1.11B (+2.4%)
|
1.06B
est: 1.27B (-16.5%)
|
2.00B
est: 1.24B (+61.0%)
|
3.11B
est: 1.47B (+112.0%)
|
2.76B
est: 1.68B (+64.6%)
|
4.19B
est: 4.80B (-12.6%)
|
5.27B
est: 4.95B (+6.4%)
|
4.96B
4.77B – 5.15B
+0.2% YoY
|
5.41B
4.75B – 5.71B
+9.2% YoY
|
6.51B
5.26B – 7.00B
+20.3% YoY
|
8.16B
6.88B – 9.04B
+25.3% YoY
|
9.68B
8.62B – 11.15B
+18.6% YoY
|
| SGA |
336.37M
est: 53.16M (+532.8%)
|
381.71M
est: 711.01M (-46.3%)
|
508.14M
est: 382.96M (+32.7%)
|
541.82M
est: 1.23B (-56.0%)
|
613.40M
est: 1.45B (-57.8%)
|
930.09M
est: 1.66B (-44.0%)
|
1.12B
est: 1.11B (+0.5%)
|
1.43B
est: 1.24B (+15.9%)
|
1.30B
1.26B – 1.42B
+5.0% YoY
|
1.43B
1.35B – 1.54B
+10.5% YoY
|
1.66B
1.48B – 1.91B
+15.6% YoY
|
1.92B
1.89B – 1.95B
+16.0% YoY
|
2.58B
2.36B – 2.88B
+33.8% YoY
|
| EPS |
4.93
est: 5.02 (-1.8%)
|
5.43
est: 5.46 (-0.5%)
|
5.08
est: 5.31 (-4.3%)
|
9.59
est: 9.18 (+4.5%)
|
14.89
est: 14.26 (+4.4%)
|
13.21
est: 12.83 (+2.9%)
|
20.05
est: 22.95 (-12.6%)
|
25.20
est: 25.70 (-1.9%)
|
23.43
22.80 – 24.64
-8.8% YoY
|
25.12
22.71 – 27.32
+7.2% YoY
|
29.86
25.16 – 33.49
+18.8% YoY
|
35.78
32.89 – 43.25
+19.8% YoY
|
46.30
41.26 – 53.34
+29.4% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-08 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-07 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-06 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-05 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-04 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-30 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-29 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-28 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-27 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Global X - India Active ETF NDIA | 1.63% | 961.6K | 0.75% |
| 2 | iShares MSCI India Small-Cap ETF SMIN | 0.43% | 3.10M | 0.74% |
| 3 | State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L | 0.10% | 605.7K | 0.55% |
| 4 | iShares MSCI Emerging Markets Small-Cap ETF EEMS | 0.09% | 350.6K | 0.72% |
| 5 | Franklin FTSE India ETF FLIN | 0.09% | 2.58M | 0.19% |
| 6 | Franklin FTSE India UCITS ETF FLXI.L | 0.09% | 1.84M | 0.19% |
| 7 | iShares MSCI EM Small Cap UCITS ETF IEMS.L | 0.09% | 305.6K | 0.74% |
| 8 | Avantis Emerging Markets Small Cap Equity ETF AVEE | 0.08% | 99.4K | 0.42% |
| 9 | Dimensional - Emerging Markets Core Equity 2 ETF DFEM | 0.03% | 3.16M | 0.39% |
| 10 | Dimensional Emerging Markets Sustainability Core 1 ETF DFSE | 0.03% | 186.6K | 0.44% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Nehal Naleen Vora | Chief Executive Officer, MD & Director | 54M | male |
| Farokh Patel | Senior Vice President of Audit, Inspection & Compliance | — | male |
| Girish Amesara | Chief Financial Officer | — | male |
| Jitendra Chad | Senior Vice President of Information Technology | — | male |
| Nayana Ovalekar | Executive Vice President & Chief Regulatory Officer | — | female |
| Nilay Rajendra Shah | Compliance Officer & Company Secretary | — | male |
| Rajat Srivastav | Senior Vice President & General Counsel | — | male |
| Rajesh Saraf | Chief Data & Operations Officer | — | male |
| Amit Mahajan | Executive Vice President & Chief Technology Officer | — | male |
| Vishwas Nagle | Senior Vice President of Information Technology | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for CDSL.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
