Central Depository Services (India) Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 24.5%)
- ✓Efficient capital deployment (ROCE 32%)
- ✓Virtually debt-free
- ✓Near 52-week low — potential value zone (₹1,116)
Concerns
- ✗Premium to sector peers (P/E 56.2x vs industry 35.7x)
- ✗High premium to book value (P/B 13x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹748 | ₹11.5L Cr | 15.2 | 1.98 | 13.8 | 7.04 | — |
| SBIN State Bank of India | ₹977 | ₹8.8L Cr | 10.6 | 1.51 | 15.4 | 6.13 | — |
| ICICIBANK ICICI Bank Limited | ₹1,261 | ₹8.8L Cr | 16.2 | 2.51 | 16.1 | 7.2 | — |
| BAJFINANCE Bajaj Finance Limited | ₹890 | ₹5.5L Cr | 28.6 | 4.86 | 18.2 | 10.8 | — |
| LICI Life Insurance Corporation Of India | ₹400 | ₹5.1L Cr | 8.83 | 2.86 | 37.8 | 35.1 | 0 |
| AXISBANK Axis Bank Limited | ₹1,273 | ₹3.9L Cr | 14.8 | 1.85 | 13.2 | 6.24 | — |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹377 | ₹3.8L Cr | 19.8 | 2.07 | 11.2 | 6.93 | — |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
CDSL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% |
| FII | 18.16% | 11.38% | 14.00% | 13.77% | 17.15% | 11.34% |
| DII | 21.33% | 23.15% | 24.92% | 21.57% | 19.11% | 15.41% |
| Public | 45.51% | 50.47% | 46.09% | 49.66% | 48.74% | 58.25% |
Corporate Events
CDSL has informed the Exchange about Board Meeting to be held on May 02, 2026 to inter-alia consider and approve the Audited Financial results of the Company for the Quarter and Year ended March 2026 and Dividend, if any, for the financial year ended Marc
Dividend - Rs 12.50 Per Share
Bonus 1:1
Record: 23 Aug 2024
Dividend - Rs 19/ Special Dividend - Rs 3 Per Share
Dividend - Rs 16 Per Share
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹304 Cr ▼4.7% | ₹319 Cr ▲23.2% | ₹259 Cr ▲15.6% | ₹224 Cr ▼19.4% | ₹278 Cr ▼13.7% | ₹322 Cr ▲25.3% | ₹257 Cr ▲6.6% | ₹241 Cr |
| Op. Profit | ₹160 Cr ▼9.1% | ₹176 Cr ▲35.4% | ₹130 Cr ▲19.3% | ₹109 Cr ▼32.3% | ₹161 Cr ▼19.5% | ₹200 Cr ▲29.9% | ₹154 Cr ▲4.1% | ₹148 Cr |
| OPM | 52.0% ▼5.5% | 55.0% ▲10.0% | 50.0% ▲2.0% | 49.0% ▼15.5% | 58.0% ▼6.5% | 62.0% ▲3.3% | 60.0% ▼1.6% | 61.0% |
| Net Profit | ₹133 Cr ▼5.0% | ₹140 Cr ▲37.3% | ₹102 Cr ▲2.0% | ₹100 Cr ▼23.1% | ₹130 Cr ▼19.8% | ₹162 Cr ▲20.9% | ₹134 Cr ▲3.9% | ₹129 Cr |
| EPS (₹) | 6.38 ▼4.9% | 6.71 ▲36.9% | 4.9 ▲2.1% | 4.8 ▼22.8% | 6.22 ▼19.7% | 7.75 ▲20.7% | 6.42 ▲3.9% | 6.18 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.1K Cr ▲5.8% | ₹1.1K Cr ▲33.3% | ₹812 Cr ▲46.3% | ₹555 Cr ▲0.7% | ₹551 Cr ▲60.2% | ₹344 Cr ▲52.9% | ₹225 Cr ▲14.8% | ₹196 Cr ▲4.3% | ₹188 Cr ▲28.8% | ₹146 Cr |
| Expenses | ₹563 Cr ▲23.2% | ₹457 Cr ▲41.0% | ₹324 Cr ▲37.3% | ₹236 Cr ▲26.9% | ₹186 Cr ▲40.9% | ₹132 Cr ▼2.9% | ₹136 Cr ▲56.3% | ₹87 Cr ▲13.0% | ₹77 Cr ▲14.9% | ₹67 Cr |
| Op. Profit | ₹582 Cr ▼6.9% | ₹625 Cr ▲28.1% | ₹488 Cr ▲53.0% | ₹319 Cr ▼12.6% | ₹365 Cr ▲72.2% | ₹212 Cr ▲138.2% | ₹89 Cr ▼18.3% | ₹109 Cr ▼0.9% | ₹110 Cr ▲39.2% | ₹79 Cr |
| OPM | 51.0% ▼12.1% | 58.0% ▼3.3% | 60.0% ▲5.3% | 57.0% ▼13.6% | 66.0% ▲6.5% | 62.0% ▲55.0% | 40.0% ▼28.6% | 56.0% ▼5.1% | 59.0% ▲9.3% | 54.0% |
| Other Income | ₹94 Cr ▼21.0% | ₹119 Cr ▲25.3% | ₹95 Cr ▲43.9% | ₹66 Cr ▲20.0% | ₹55 Cr ▼3.5% | ₹57 Cr ▼3.4% | ₹59 Cr ▲20.4% | ₹49 Cr ▲28.9% | ₹38 Cr ▼7.3% | ₹41 Cr |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹66 Cr ▲34.7% | ₹49 Cr ▲81.5% | ₹27 Cr ▲42.1% | ₹19 Cr ▲72.7% | ₹11 Cr ▲22.2% | ₹9 Cr ▼25.0% | ₹12 Cr ▲20.0% | ₹10 Cr ▲42.9% | ₹7 Cr ▲75.0% | ₹4 Cr |
| PBT | ₹609 Cr ▼12.4% | ₹695 Cr ▲25.0% | ₹556 Cr ▲52.3% | ₹365 Cr ▼10.8% | ₹409 Cr ▲57.3% | ₹260 Cr ▲91.2% | ₹136 Cr ▼8.1% | ₹148 Cr ▲5.0% | ₹141 Cr ▲20.5% | ₹117 Cr |
| Tax % | 25.0% ▲4.2% | 24.0% ▼4.0% | 25.0% ▲4.2% | 24.0% ▲0.0% | 24.0% ▲9.1% | 22.0% ▲0.0% | 22.0% ▼4.3% | 23.0% ▼14.8% | 27.0% ▲3.8% | 26.0% |
| Net Profit | ₹455 Cr ▼13.5% | ₹526 Cr ▲25.2% | ₹420 Cr ▲52.2% | ₹276 Cr ▼11.5% | ₹312 Cr ▲55.2% | ₹201 Cr ▲87.9% | ₹107 Cr ▼7.0% | ₹115 Cr ▲10.6% | ₹104 Cr ▲19.5% | ₹87 Cr |
| EPS (₹) | 21.82 ▼13.4% | 25.2 ▲25.7% | 20.05 ▲51.9% | 13.2 ▼11.3% | 14.89 ▲55.3% | 9.59 ▲88.8% | 5.08 ▼6.4% | 5.43 ▲9.9% | 4.94 ▲20.5% | 4.1 |
| Div Payout | 58.0% ▲16.0% | 50.0% ▼9.1% | 55.0% ▼9.8% | 61.0% ▲22.0% | 50.0% ▲6.4% | 47.0% ▲6.8% | 44.0% ▲18.9% | 37.0% ▲5.7% | 35.0% ▼5.4% | 37.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹209 Cr ▲0.0% | ₹209 Cr ▲101.0% | ₹104 Cr ▲0.0% | ₹104 Cr ▲0.0% | ₹104 Cr ▲0.0% | ₹104 Cr ▲0.0% | ₹104 Cr ▲0.0% | ₹104 Cr ▲0.0% | ₹104 Cr ▲0.0% | ₹104 Cr |
| Reserves | ₹1.5K Cr ▼1.1% | ₹1.6K Cr ▲14.1% | ₹1.4K Cr ▲22.5% | ₹1.1K Cr ▲12.2% | ₹988 Cr ▲27.8% | ₹773 Cr ▲24.9% | ₹619 Cr ▲9.8% | ₹564 Cr ▲14.2% | ₹494 Cr ▲15.2% | ₹429 Cr |
| Borrowings | ₹2 Cr ▼33.3% | ₹3 Cr ▲200.0% | ₹1 Cr ▼50.0% | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Liabilities | ₹639 Cr ▲60.2% | ₹399 Cr ▲25.9% | ₹317 Cr ▲31.5% | ₹241 Cr ▲3.9% | ₹232 Cr ▲12.6% | ₹206 Cr ▲49.3% | ₹138 Cr ▲19.0% | ₹116 Cr ▲26.1% | ₹92 Cr ▲26.0% | ₹73 Cr |
| Total Liabilities | ₹2.4K Cr ▲10.3% | ₹2.2K Cr ▲21.4% | ₹1.8K Cr ▲22.2% | ₹1.5K Cr ▲9.9% | ₹1.3K Cr ▲22.3% | ₹1.1K Cr ▲25.8% | ₹862 Cr ▲9.9% | ₹784 Cr ▲13.6% | ₹690 Cr ▲13.9% | ₹606 Cr |
| Assets | ||||||||||
| Fixed Assets | ₹456 Cr ▲2.2% | ₹446 Cr ▲30.4% | ₹342 Cr ▲173.6% | ₹125 Cr ▲17.9% | ₹106 Cr ▲45.2% | ₹73 Cr ▼1.4% | ₹74 Cr ▼1.3% | ₹75 Cr ▼1.3% | ₹76 Cr ▲1420.0% | ₹5 Cr |
| CWIP | ₹12 Cr ▲71.4% | ₹7 Cr ▲75.0% | ₹4 Cr ▼97.7% | ₹174 Cr ▲4250.0% | ₹4 Cr ▼82.6% | ₹23 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹1.4K Cr ▲7.1% | ₹1.4K Cr ▲17.6% | ₹1.1K Cr ▲22.6% | ₹937 Cr ▲1.3% | ₹925 Cr ▲30.5% | ₹709 Cr ▲6.6% | ₹665 Cr ▲12.1% | ₹593 Cr ▲13.8% | ₹521 Cr ▲3.6% | ₹503 Cr |
| Other Assets | ₹470 Cr ▲31.7% | ₹357 Cr ▲24.4% | ₹287 Cr ▲29.9% | ₹221 Cr ▼23.8% | ₹290 Cr ▲4.3% | ₹278 Cr ▲126.0% | ₹123 Cr ▲7.0% | ₹115 Cr ▲23.7% | ₹93 Cr ▼5.1% | ₹98 Cr |
| Total Assets | ₹2.4K Cr ▲10.3% | ₹2.2K Cr ▲21.4% | ₹1.8K Cr ▲22.2% | ₹1.5K Cr ▲9.9% | ₹1.3K Cr ▲22.3% | ₹1.1K Cr ▲25.8% | ₹862 Cr ▲9.9% | ₹784 Cr ▲13.6% | ₹690 Cr ▲13.9% | ₹606 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹543 Cr ▲40.7% | ₹386 Cr ▲55.0% | ₹249 Cr ▼12.0% | ₹283 Cr ▲46.6% | ₹193 Cr ▲135.4% | ₹82 Cr ▼4.7% | ₹86 Cr ▲8.9% | ₹79 Cr ▲83.7% | ₹43 Cr ▲53.6% | ₹28 Cr |
| Investing CF | ₹-298 Cr ▼19.7% | ₹-249 Cr ▼97.6% | ₹-126 Cr ▲13.7% | ₹-146 Cr ▼36.4% | ₹-107 Cr ▼224.2% | ₹-33 Cr ▲50.7% | ₹-67 Cr ▲0.0% | ₹-67 Cr ▼472.2% | ₹18 Cr | ₹0 Cr |
| Financing CF | ₹-231 Cr ▼36.7% | ₹-169 Cr ▼7.0% | ₹-158 Cr ▼68.1% | ₹-94 Cr ▼100.0% | ₹-47 Cr ▲7.8% | ₹-51 Cr ▼155.0% | ₹-20 Cr ▲47.4% | ₹-38 Cr ▼22.6% | ₹-31 Cr ▼10.7% | ₹-28 Cr |
| Net Cash Flow | ₹14 Cr ▲143.8% | ₹-32 Cr ▲8.6% | ₹-35 Cr ▼179.5% | ₹44 Cr ▲15.8% | ₹38 Cr ▲3900.0% | ₹-1 Cr ▲0.0% | ₹-1 Cr ▲96.2% | ₹-26 Cr ▼189.7% | ₹29 Cr ▲2800.0% | ₹1 Cr |
| Free Cash Flow | ₹387 Cr ▲23.6% | ₹313 Cr ▲611.4% | ₹44 Cr ▼82.9% | ₹258 Cr ▲47.4% | ₹175 Cr ▲139.7% | ₹73 Cr ▼1.4% | ₹74 Cr ▲2366.7% | ₹3 Cr ▼91.9% | ₹37 Cr ▲37.0% | ₹27 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 18d ▼40.0% | 30d ▲20.0% | 25d ▼16.7% | 30d ▼25.0% | 40d ▼4.8% | 42d ▲16.7% | 36d ▼2.7% | 37d ▲12.1% | 33d ▼15.4% | 39d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 18d ▼40.0% | 30d ▲20.0% | 25d ▼16.7% | 30d ▼25.0% | 40d ▼4.8% | 42d ▲16.7% | 36d ▼2.7% | 37d ▲12.1% | 33d ▼15.4% | 39d |
| Working Capital Days | -57d ▼159.1% | -22d ▲51.1% | -45d ▲40.0% | -75d ▲31.8% | -110d ▼29.4% | -85d ▼7.6% | -79d ▲14.1% | -92d ▼16.5% | -79d ▲21.0% | -100d |
| ROCE | 42.0% ▲5.0% | 40.0% ▲33.3% | 30.0% ▼25.0% | 40.0% ▲29.0% | 31.0% ▲72.2% | 18.0% ▼18.2% | 22.0% ▼8.3% | 24.0% ▲9.1% | 22.0% ▲0.0% | 22.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Central Depository Services (India) Limited
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]
Financial Services · Capital Markets