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 65x vs industry 35.4x)
- ✗High premium to book value (P/B 14.3x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹754 | ₹12.6L Cr | 16 | 1.93 | 13.6 | 7.02 | — |
| ICICIBANK ICICI Bank Limited | ₹1,440 | ₹10.4L Cr | 18.5 | 2.73 | 17.3 | 7.59 | — |
| SBIN State Bank of India | ₹1,025 | ₹9.6L Cr | 11.6 | 1.59 | 15.4 | 6.13 | — |
| BAJFINANCE Bajaj Finance Limited | ₹1,056 | ₹6.6L Cr | 34.2 | 5.77 | 18.2 | 10.9 | — |
| LICI Life Insurance Corporation Of India | ₹424 | ₹5.5L Cr | 9.54 | 3.03 | 37.8 | 35.1 | 0 |
| AXISBANK Axis Bank Limited | ₹1,234 | ₹4.1L Cr | 14.9 | 1.73 | 13.1 | 6.24 | — |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹382 | ₹3.9L Cr | 19.4 | 2.1 | 11.4 | 6.98 | — |
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 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 news →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 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]
Financial Services · Capital Markets