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
Concerns
- Premium to sector peers (P/E 52.7x vs industry 33.1x)
- High premium to book value (P/B 13.1x)
Today's Price Action
The stock closed at ₹1232, unchanged from the previous session. Trading volume was 6,77,512 shares, exactly matching the 20‑day average, indicating a typical level of market participation. The delta between the intraday high of ₹1245 and low of ₹1220 remained narrow, suggesting limited price volatility during the session. Institutional participation appears muted as the net foreign institutional investor (NFII) activity recorded a neutral balance, aligning with the flat price movement today.
Valuation Snapshot
The price‑to‑earnings multiple stands at 52.7, well above the sector average of zero, reflecting a premium valuation relative to peers. A return on equity of 24.5 % underscores strong profitability.
Key Levels to Watch
The 52‑week range spans ₹1116 to ₹1674, placing the current price roughly 10 % above the lower band and 26 % below the upper band. Open‑interest data from nearby options contracts clusters around the ₹1200 and ₹1300 strikes, offering potential support and resistance zones.
Chart Pattern
On the daily chart a Morning Star formation appeared two days ago, consisting of a large bearish candle, a small indecisive candle, and a bullish candle that closed above the midpoint of the first candle. This three‑bar pattern signals a possible shift in short‑term momentum.
Data Summary
Key metrics include a market capitalisation reported as ₹0 Cr, a price‑to‑book ratio of 0, and a steady trading volume equal to its 20‑day average. Liquidity metrics show the bid‑ask spread hovering around 0.2 %, reinforcing the notion of an efficiently priced market for the security. The stock trades within its mid‑range of the 52‑week band while exhibiting a high P/E and robust ROE.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹685 | ₹10.7L Cr | 13.3 | 1.75 | 13.6 | 7.02 | — |
| ICICIBANK ICICI Bank Limited | ₹1,378 | ₹10.0L Cr | 17 | 2.55 | 15.9 | 7.18 | — |
| SBIN State Bank of India | ₹957 | ₹8.8L Cr | 10.5 | 1.42 | 15.4 | 6.13 | — |
| BAJFINANCE Bajaj Finance Limited | ₹917 | ₹5.8L Cr | 26.4 | 4.63 | 18.2 | 10.9 | — |
| LICI Life Insurance Corporation Of India | ₹391 | ₹4.8L Cr | 8.03 | 2.8 | 37.8 | 35.1 | 0 |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹440 | ₹4.3L Cr | 20.2 | 2.24 | 11.4 | 6.98 | — |
| AXISBANK Axis Bank Limited | ₹1,220 | ₹3.8L Cr | 12.7 | 1.65 | 13.1 | 6.24 | — |
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
To consider and approve the financial results for the period ended September 30, 2026
CDSL has informed the Exchange about Board Meeting to be held on August 01, 2026, to, inter-alia, consider and approve the Audited Financial Results of the Company for the Quarter ended June 30, 2026.
Dividend - Rs 12.75 Per Share
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
Latest News
All newsCDSL announces change in management
*CDSL announces change in management*. The depository services provider has informed the exchange about a shift in its leadership team. Such changes may influence investor sentiment and operational direction. No financial impact details were disclosed. 📊 *STOCKS:* CDSL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #ManagementChange
CDSL announces change in management team
*CDSL announces change in management team.* The company has informed the stock exchange about a shift in its management structure. Such changes may influence investor sentiment and operational direction. No financial impact details were disclosed. 📊 *STOCKS:* $CDSL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #ManagementChange
CDSL board meets to discuss management change
*CDSL board meets to discuss management change* — Central Depository Services (India) Ltd held a board meeting on August 27, 2026, to deliberate on a change in management. The company disclosed the outcome to the stock exchange as part of regulatory compliance. No financial figures or specific leadership changes were detailed in the filing. Investors await further clarity on executive appointments or strategic shifts. 📊 *STOCKS:* $CDSL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #ManagementChange
CDSL appoints new non-independent director, sets AGM date
*CDSL appoints new non-independent director, sets AGM date* — The board meeting on June 25, 2026, resulted in the appointment of a new non-independent director. The company also announced the date for its 28th Annual General Meeting. These are routine corporate governance updates with no immediate financial impact. 📊 *STOCKS:* CDSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CDSL
CDSL gets SEBI nod to invest in bullion IFSC firm
*CDSL gets SEBI nod to invest in bullion IFSC firm*. CDSL has received SEBI approval for its investment in India International Bullion Holding IFSC Limited. This strategic move aligns with its expansion into the IFSC ecosystem. The development signals growing institutional interest in India’s international bullion market. 📊 *STOCKS:* CDSL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #CDSL
CDSL to host analyst call with global investors
*CDSL to host analyst call with global investors* — CDSL announced an upcoming analyst and institutional investor meet scheduled for September 24, 2026. The session will include participants from Nippon Life Global Investors Singapore and Dymon Asia Capital. Such calls are routine and typically used to update investors on business performance and strategy. No financial figures or major announcements were disclosed. 📊 *STOCKS:* $CDSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
NSE IPO opens, boosting capital market stocks
*NSE IPO opens, boosting capital market stocks.* BSE and CDSL surged **up to 7%** as the NSE's IPO filing ignited sector-wide investor interest. The public offering marks one of the largest in recent years, drawing strong retail participation. Capital markets segment gained momentum amid positive sentiment. 📊 *STOCKS:* BSE, CDSL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
CDSL announces AGM, record date, and e-voting details
*CDSL announces AGM, record date, and e-voting details* — Central Depository Services (India) Limited has disclosed the date for its 28th Annual General Meeting along with the record date and e-voting process. The information was shared via a newspaper publication as part of regulatory compliance. No financial or operational updates were provided. 📊 *STOCKS:* CDSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
CDSL sets record date for FY25-26 final dividend
*CDSL sets record date for FY25-26 final dividend*. The company has announced **17-Jul-2026** as the record date for the final dividend. Shareholders registered on this date will be eligible for payout. Final dividend amount and payment date will be disclosed later. 📊 *STOCKS:* CDSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #dividend
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 | ₹93 Cr 21.8% | ₹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 | ₹-299 Cr 20.1% | ₹-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 | ₹388 Cr 24.0% | ₹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]
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