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Central Depository Services (India) Ltd.
NSE: CDSL · Financial Services
₹1,331.40-0.19%06 Nov 2026
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Instant answers about Central Depository Services (India) Ltd. — computed from its filings, no language modelMarket cap₹27,826 cr
Current price₹1,331.40
High / Low₹1,655 / ₹1,119
P/E55.1
P/B14.03
Book value₹94.9
ROE25.5%
ROCE34.0%
Debt / equity0.00
Dividend yield0.94%
EPS (TTM)₹24.16
Face value₹10
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 195 | 225 | 344 | 551 | 555 | 812 | 1,082 | 1,145 |
| EBITDA | 109 | 89 | 212 | 367 | 323 | 489 | 624 | 586 |
| Operating margin | 56.0% | 39.6% | 61.6% | 66.5% | 58.3% | 60.3% | 57.7% | 51.2% |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 10 | 12 | 9 | 11 | 19 | 27 | 49 | 66 |
| Profit before tax | 148 | 136 | 260 | 410 | 370 | 557 | 692 | 613 |
| Tax | 33 | 30 | 58 | 97 | 89 | 136 | 169 | 154 |
| Net profit | 114 | 106 | 200 | 311 | 276 | 419 | 527 | 456 |
| EPS ₹ | 10.86 | 10.16 | 19.17 | 29.78 | 26.41 | 40.11 | 25.20 | 21.82 |
| Operating cash flow | — | — | — | 282 | 249 | 386 | 543 | 467 |
| Capex | — | — | — | 25 | 209 | 73 | 156 | 121 |
| Dividend paid | — | — | — | 94 | 157 | 167 | 230 | 261 |
| Total assets | — | — | — | — | 1,457 | 1,782 | 2,162 | 2,419 |
| Equity | — | — | — | — | 1,214 | 1,463 | 1,760 | 1,960 |
Quarterly performance
last 31 quarters · ₹ crore| SEP '18 | DEC '18 | MAR '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 53 | 46 | 51 | 53 | 54 | 60 | 65 | 89 | 86 | 103 | 117 | 146 | 152 | 137 | 149 | 141 | 125 | 150 | 207 | 214 | 241 | 257 | 322 | 278 | 224 | 259 | 319 | 304 | 263 | 293 | 394 |
| Operating profit | 33 | 23 | 28 | 25 | 16 | 26 | 38 | 54 | 56 | 63 | 74 | 99 | 103 | 91 | 93 | 85 | 70 | 81 | 129 | 131 | 148 | 154 | 200 | 161 | 109 | 130 | 178 | 161 | 117 | 138 | 228 |
| Operating margin | 61.8% | 49.4% | 55.5% | 46.6% | 29.7% | 43.1% | 58.3% | 60.9% | 65.0% | 61.5% | 62.9% | 68.0% | 68.1% | 66.4% | 62.5% | 60.4% | 55.7% | 53.9% | 62.4% | 61.3% | 61.4% | 60.0% | 62.0% | 57.8% | 48.7% | 50.4% | 55.7% | 52.9% | 44.4% | 47.1% | 57.9% |
| Other income | 10 | 16 | 18 | 17 | 14 | 13 | 21 | 12 | 17 | 7 | 13 | 19 | 11 | 11 | 21 | 20 | 19 | 24 | 23 | 21 | 27 | 30 | 36 | 20 | 31 | 36 | 22 | 29 | 6 | 48 | 23 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 3 | 2 | 2 | 3 | 3 | 4 | 5 | 5 | 5 | 6 | 6 | 7 | 8 | 10 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| Profit before tax | 40 | 36 | 43 | 38 | 27 | 36 | 56 | 64 | 71 | 69 | 85 | 115 | 111 | 99 | 109 | 100 | 83 | 99 | 146 | 146 | 166 | 174 | 224 | 168 | 126 | 152 | 184 | 173 | 104 | 166 | 231 |
| Tax | 10 | 8 | 9 | 9 | 6 | 8 | 10 | 15 | 17 | 17 | 21 | 29 | 27 | 20 | 27 | 25 | 19 | 24 | 36 | 38 | 39 | 40 | 63 | 39 | 27 | 49 | 43 | 39 | 23 | 49 | 57 |
| Net profit | 0 | 0 | 34 | 29 | 21 | 29 | 46 | 49 | 54 | 52 | 64 | 86 | 84 | 78 | 80 | 75 | 63 | 74 | 109 | 107 | 129 | 134 | 162 | 130 | 100 | 102 | 140 | 133 | 80 | 118 | 174 |
| EPS ₹ | 2.87 | 2.69 | 3.21 | 2.81 | 1.99 | 2.74 | 4.42 | 4.67 | 5.14 | 4.95 | 6.11 | 8.22 | 8.01 | 7.43 | 7.69 | 7.14 | 6.04 | 7.04 | 10.42 | 10.28 | 12.37 | 12.84 | 7.75 | 6.23 | 4.80 | 4.90 | 6.71 | 6.38 | 3.84 | 5.62 | 8.32 |
| Revenue YoY | — | — | — | -0.9% | 17.2% | 18.5% | — | 69.4% | 59.2% | 72.2% | 79.7% | 63.6% | 75.9% | 32.5% | 2.0% | -6.8% | -8.6% | — | 39.2% | 51.9% | 93.0% | 72.0% | 55.4% | 29.7% | -6.8% | 0.6% | -1.0% | 9.4% | 17.1% | 13.1% | 23.7% |
| Profit YoY | — | — | — | — | — | -14.8% | — | 66.3% | 158.0% | 80.9% | 38.4% | 76.2% | 56.0% | 50.1% | -6.4% | -10.9% | -18.7% | — | 35.4% | 43.9% | 104.8% | 82.4% | 48.9% | 21.1% | -22.4% | -23.7% | -13.5% | 2.5% | -20.0% | 14.8% | 24.0% |
Returns & margins
trailing-twelve-month, per quarter| JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | 24.0% | 26.1% | 28.8% | 28.6% | 32.8% | 34.9% | 36.3% | 29.9% | 28.1% | 27.1% | 27.3% | 23.3% | 24.0% | 25.5% |
| ROCE | — | — | — | — | — | — | — | — | 32.2% | 34.9% | 38.6% | 38.1% | 43.2% | 46.5% | 47.9% | 39.3% | 38.1% | 36.1% | 36.5% | 31.3% | 32.1% | 34.0% |
| Net margin | 53.8% | 53.8% | 59.0% | 58.3% | 55.1% | 56.4% | 55.1% | 56.4% | 51.7% | 51.4% | 50.7% | 51.6% | 52.1% | 51.5% | 50.6% | 48.7% | 45.7% | 43.8% | 43.0% | 39.8% | 40.0% | 40.2% |
| EBITDA margin | 45.0% | 50.0% | 58.0% | 61.6% | 62.5% | 64.6% | 65.6% | 66.5% | 58.2% | 58.6% | 59.0% | 60.3% | 61.2% | 61.2% | 60.3% | 57.7% | 55.4% | 53.5% | 52.3% | 51.2% | 50.3% | 51.3% |
| Debt / equity | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest coverage | 3946.00 | 3666.80 | 3774.83 | 6489.25 | 9594.00 | 16971.00 | 38034.00 | — | 2794.43 | 3290.54 | 3948.83 | 5065.55 | 6323.30 | 7897.44 | 10462.86 | 6923.60 | 5152.38 | 4197.93 | 3528.94 | 3607.41 | 3925.75 | 4499.53 |
| Asset turnover | — | — | — | — | — | — | — | — | 0.39 | 0.38 | 0.43 | 0.46 | 0.52 | 0.51 | 0.54 | 0.50 | 0.50 | 0.45 | 0.46 | 0.47 | 0.49 | 0.46 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Share capital | 104 | 104 | 104 | 104 | 209 | 209 | 209 | 209 | 209 |
| Other equity / reserves | 971 | 1,109 | 1,122 | 1,359 | 1,320 | 1,551 | 1,534 | 1,751 | 1,775 |
| Total equity | 1,076 | 1,214 | 1,227 | 1,463 | 1,529 | 1,760 | 1,743 | 1,960 | 1,984 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current liabilities | 256 | 184 | 331 | 240 | 430 | 317 | 551 | 371 | 649 |
| Non-current liabilities | 14 | 16 | 31 | 34 | 45 | 42 | 47 | 46 | 48 |
| Total assets | 1,389 | 1,457 | 1,632 | 1,782 | 2,048 | 2,162 | 2,384 | 2,419 | 2,723 |
| Property, plant & equipment | 88 | 100 | 101 | 314 | 327 | 404 | 421 | 464 | 478 |
| Capital work-in-progress | 0 | 173 | 181 | 0 | 4 | 7 | 12 | 6 | 12 |
| Investments | 1,002 | 937 | 1,021 | 1,149 | 1,247 | 1,351 | 1,447 | 1,487 | 1,799 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivables | 69 | 38 | 89 | 67 | 124 | 53 | 132 | 65 | 122 |
| Cash & equivalents | 52 | 50 | 24 | 18 | 35 | 32 | 26 | 51 | 33 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 282 | 249 | 386 | 543 | 467 |
| Cash from investing | -145 | -129 | -249 | -298 | -185 |
| Cash from financing | -94 | -155 | -169 | -231 | -262 |
| Capex | 25 | 209 | 73 | 156 | 121 |
| Free cash flow | 257 | 40 | 312 | 387 | 346 |
| Dividends paid | 94 | 157 | 167 | 230 | 261 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹478 cr18%
CWIP₹12 cr0%
Investments₹1,799 cr66%
Receivables₹122 cr4%
Cash & equivalents₹33 cr1%
Other assets₹278 cr10%
Peer comparison
largest in Financial Services · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| HDFC Bank Ltd. | 12,15,371 | 788.25 | 15.2 | 2.01 | 13.3% |
| ICICI Bank Ltd. | 11,28,090 | 1,571.20 | 19.1 | 2.75 | 14.4% |
| State Bank of India | 9,40,157 | 1,018.50 | 10.4 | 1.36 | 13.1% |
| Bajaj Finance Ltd. | 6,77,005 | 1,087.75 | — | — | — |
| Kotak Mahindra Bank Ltd. | 4,77,499 | 480.00 | 22.2 | 2.45 | 11.0% |
| Axis Bank Ltd. | 4,11,911 | 1,322.90 | 13.8 | 1.79 | 13.0% |
| Shriram Finance Ltd. | 2,26,163 | 961.15 | — | — | — |
| BSE Ltd. | 1,55,002 | 3,800.00 | 50.3 | 19.49 | 38.8% |
| Cholamandalam Investment and Finance Company Ltd. | 1,53,126 | 1,785.00 | — | — | — |
| Jio Financial Services Ltd. | 1,52,665 | 231.20 | — | — | — |
| Central Depository Services (India) Ltd. | 27,826 | 1,331.40 | 55.1 | 14.03 | 25.5% |
StoxGud checklist: Bullish setup · 8/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month+4.4%
6 months+4.9%
1 year-17.6%
3Y CAGR+18.4%
5Y CAGR+12.9%
10Y CAGR—
50-day avg₹1,312.31
200-day avg₹1,301.37
RSI (14)57
Compare Central Depository Services (India) Ltd. with
Tata Investment Corporation vs Central Depository Services (India)PNB Housing Finance vs Central Depository Services (India)Central Depository Services (India) vs Central Bank of IndiaCentral Depository Services (India) vs Cholamandalam Financial HoldingsCentral Depository Services (India) vs IIFL Finance
FAQs
What is the share price of Central Depository Services (India) Ltd.?
Central Depository Services (India) Ltd. (CDSL) closed at ₹1,331.40 on NSE on 06 Nov 2026.
What is the market cap of Central Depository Services (India) Ltd.?
₹27,826 crore at the latest close.
What is the P/E ratio of Central Depository Services (India) Ltd.?
55.1, on trailing-twelve-month earnings from its filings.
How fast is Central Depository Services (India) Ltd. growing?
Central Depository Services (India) Ltd.: revenue has compounded at 27.3% a year over three years; net profit at 18.2% a year. Latest-quarter revenue is up 23.7% year on year, profit up 24.0%.
How profitable is Central Depository Services (India) Ltd.?
On a trailing-twelve-month basis return on equity is 25.5%, return on capital employed 34.0%, operating margin 51.3%, net margin 40.2%.
How much debt does Central Depository Services (India) Ltd. have?
Central Depository Services (India) Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹33 cr (balance sheet of 2026-09-30). Operating profit covers interest 4,499.5 times.
Financials parsed from Central Depository Services (India) Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY19, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.
Central Depository Services (India) Ltd. · advanced chart