Share Price and Basic Stock Data
Last Updated: November 13, 2025, 8:28 pm
| PEG Ratio | 7.40 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Central Depository Services (India) Ltd (CDSL) operates in the services sector, specifically within the depository services domain. The company recorded a market capitalization of ₹34,126 Cr and a share price of ₹1,633. Recent revenue trends indicate a consistent growth trajectory, with total sales for the fiscal year ending March 2025 reported at ₹1,082 Cr, a substantial increase from ₹555 Cr in March 2023. Quarterly sales figures illustrate this upward trend, with revenue climbing from ₹125 Cr in March 2023 to ₹241 Cr in March 2024, and further to ₹259 Cr in June 2025. This performance reflects a robust demand for its services amidst the growing financial markets in India. The operating profit margins (OPM) also stood strong at 50%, suggesting effective cost management and operational efficiency. The company’s revenue from operations per share was reported at ₹51.78 for the fiscal year ending March 2025, underlining its ability to generate income efficiently per equity share.
Profitability and Efficiency Metrics
CDSL has demonstrated impressive profitability metrics, with a reported net profit of ₹526 Cr for the fiscal year ending March 2025, up from ₹276 Cr in March 2023. The company maintained a high return on equity (ROE) of 32.7%, indicating effective utilization of shareholders’ equity to generate profits. Furthermore, the return on capital employed (ROCE) was reported at 42.0%, reflecting the company’s efficient use of capital in generating earnings. The profit before tax for the same fiscal year was ₹695 Cr, indicating a healthy growth from ₹365 Cr in the previous year. CDSL’s interest coverage ratio (ICR) was remarkably high at 7391.30x, suggesting that the company is well-positioned to meet its financial obligations, with no reported interest expenses. This level of profitability, combined with a net profit margin of 48.39%, highlights CDSL’s operational efficiency and ability to convert sales into substantial profits.
Balance Sheet Strength and Financial Ratios
CDSL’s balance sheet exhibits strong financial health, with total assets reported at ₹2,162 Cr and total liabilities standing at ₹1,781 Cr for the fiscal year ending March 2025. The company’s reserves increased to ₹1,551 Cr, reflecting a solid retention of earnings and a low borrowing level of ₹3 Cr, indicating conservative financial management. The debt-to-equity ratio remains favorable at a minimal level, enhancing the company’s financial stability. CDSL’s current ratio was reported at 3.48, significantly above the typical industry benchmark, suggesting robust liquidity and the ability to cover short-term liabilities. The company’s book value per share stood at ₹84.23, providing a strong foundation for shareholder value. The price-to-book value ratio was reported at 14.49x, indicating that the market values the company’s equity significantly higher than its book value, which is common in high-growth sectors.
Shareholding Pattern and Investor Confidence
The shareholding pattern of CDSL reveals a diverse investor base, with public shareholders holding 59.28%, while domestic institutional investors (DIIs) accounted for 14.18% and foreign institutional investors (FIIs) held 11.54% as of March 2025. The promoter holding stood at 15.00%, reflecting a stable ownership structure. Notably, there has been a decline in promoter ownership from 20.00% in March 2023, which may raise questions about long-term commitment. However, the increase in public shareholders from 8,28,853 in March 2023 to 15,12,183 in March 2025 indicates growing investor confidence in the company. The declining promoter stake could be seen as a dilution of control but also opens avenues for broader public participation. The substantial increase in the number of shareholders suggests a positive market sentiment and an expanding interest in CDSL’s growth prospects.
Outlook, Risks, and Final Insight
Looking forward, CDSL’s growth trajectory appears promising, driven by increasing demand for financial services and a strong operational foundation. However, potential risks include market volatility, regulatory changes, and competition from emerging fintech companies that could impact growth. The company’s high ROE and ROCE levels, coupled with significant profit margins, position it favorably against industry peers. Nevertheless, the decline in promoter ownership could signal shifts in strategy or management focus that stakeholders should monitor. Investors should also consider the company’s ability to sustain its high performance amidst evolving market conditions. Overall, CDSL’s strong financial metrics and diversified shareholder base provide a solid foundation for future growth, but careful attention to market dynamics and internal strategies will be essential for navigating potential challenges.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Central Depository Services (India) Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| IMEC Services Ltd | 53.5 Cr. | 282 | 448/34.2 | 2.11 | 142 | 0.00 % | 177 % | 177 % | 10.0 |
| Focus Business Solution Ltd | 103 Cr. | 142 | 142/0.00 | 139 | 10.0 | 0.04 % | 15.5 % | 12.4 % | 10.0 |
| EKI Energy Services Ltd | 302 Cr. | 109 | 366/82.4 | 39.1 | 154 | 1.83 % | 3.93 % | 3.46 % | 10.0 |
| CMS Info Systems Ltd | 5,913 Cr. | 360 | 557/340 | 18.4 | 135 | 1.81 % | 21.8 % | 15.7 % | 10.0 |
| Ashram Online.Com Ltd | 6.66 Cr. | 5.55 | 6.59/4.11 | 9.49 | 0.00 % | 0.32 % | 0.57 % | 10.0 | |
| Industry Average | 11,581.47 Cr | 590.24 | 41.18 | 147.30 | 0.59% | 22.28% | 20.60% | 8.65 |
All Competitor Stocks of Central Depository Services (India) Ltd
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 140 | 149 | 141 | 125 | 150 | 207 | 214 | 241 | 257 | 322 | 278 | 224 | 259 |
| Expenses | 66 | 58 | 57 | 56 | 70 | 79 | 84 | 93 | 103 | 122 | 117 | 115 | 129 |
| Operating Profit | 75 | 91 | 85 | 68 | 80 | 128 | 130 | 148 | 154 | 200 | 161 | 109 | 130 |
| OPM % | 53% | 61% | 60% | 55% | 53% | 62% | 61% | 61% | 60% | 62% | 58% | 49% | 50% |
| Other Income | 6 | 21 | 20 | 19 | 24 | 23 | 21 | 29 | 30 | 37 | 21 | 32 | 36 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 5 | 5 | 5 | 6 | 6 | 7 | 8 | 10 | 12 | 13 | 14 | 15 |
| Profit before tax | 77 | 107 | 99 | 82 | 98 | 145 | 145 | 168 | 175 | 225 | 168 | 127 | 151 |
| Tax % | 25% | 25% | 25% | 23% | 25% | 25% | 26% | 23% | 23% | 28% | 23% | 21% | 32% |
| Net Profit | 58 | 80 | 75 | 63 | 74 | 109 | 107 | 129 | 134 | 162 | 130 | 100 | 102 |
| EPS in Rs | 2.76 | 3.85 | 3.57 | 3.02 | 3.52 | 5.21 | 5.14 | 6.18 | 6.42 | 7.75 | 6.22 | 4.80 | 4.90 |
Last Updated: August 1, 2025, 10:50 pm
Below is a detailed analysis of the quarterly data for Central Depository Services (India) Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 259.00 Cr.. The value appears strong and on an upward trend. It has increased from 224.00 Cr. (Mar 2025) to 259.00 Cr., marking an increase of 35.00 Cr..
- For Expenses, as of Jun 2025, the value is 129.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 115.00 Cr. (Mar 2025) to 129.00 Cr., marking an increase of 14.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 130.00 Cr.. The value appears strong and on an upward trend. It has increased from 109.00 Cr. (Mar 2025) to 130.00 Cr., marking an increase of 21.00 Cr..
- For OPM %, as of Jun 2025, the value is 50.00%. The value appears strong and on an upward trend. It has increased from 49.00% (Mar 2025) to 50.00%, marking an increase of 1.00%.
- For Other Income, as of Jun 2025, the value is 36.00 Cr.. The value appears strong and on an upward trend. It has increased from 32.00 Cr. (Mar 2025) to 36.00 Cr., marking an increase of 4.00 Cr..
- For Interest, as of Jun 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Depreciation, as of Jun 2025, the value is 15.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 14.00 Cr. (Mar 2025) to 15.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 151.00 Cr.. The value appears strong and on an upward trend. It has increased from 127.00 Cr. (Mar 2025) to 151.00 Cr., marking an increase of 24.00 Cr..
- For Tax %, as of Jun 2025, the value is 32.00%. The value appears to be increasing, which may not be favorable. It has increased from 21.00% (Mar 2025) to 32.00%, marking an increase of 11.00%.
- For Net Profit, as of Jun 2025, the value is 102.00 Cr.. The value appears strong and on an upward trend. It has increased from 100.00 Cr. (Mar 2025) to 102.00 Cr., marking an increase of 2.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 4.90. The value appears strong and on an upward trend. It has increased from 4.80 (Mar 2025) to 4.90, marking an increase of 0.10.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: August 22, 2025, 5:32 pm
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 89 | 105 | 123 | 146 | 188 | 196 | 225 | 344 | 551 | 555 | 812 | 1,082 | 1,084 |
| Expenses | 56 | 60 | 59 | 67 | 77 | 87 | 136 | 132 | 186 | 236 | 324 | 457 | 484 |
| Operating Profit | 33 | 45 | 64 | 79 | 110 | 109 | 89 | 212 | 365 | 319 | 488 | 625 | 600 |
| OPM % | 37% | 43% | 52% | 54% | 59% | 56% | 40% | 62% | 66% | 57% | 60% | 58% | 55% |
| Other Income | 35 | 23 | 72 | 41 | 38 | 49 | 59 | 57 | 55 | 66 | 95 | 119 | 126 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 5 | 6 | 4 | 4 | 7 | 10 | 12 | 9 | 11 | 19 | 27 | 49 | 54 |
| Profit before tax | 62 | 63 | 131 | 117 | 141 | 148 | 136 | 260 | 409 | 365 | 556 | 695 | 671 |
| Tax % | 21% | 31% | 31% | 26% | 27% | 23% | 22% | 22% | 24% | 24% | 25% | 24% | |
| Net Profit | 50 | 43 | 91 | 87 | 104 | 115 | 107 | 201 | 312 | 276 | 420 | 526 | 495 |
| EPS in Rs | 2.36 | 2.09 | 4.35 | 4.10 | 4.94 | 5.43 | 5.08 | 9.59 | 14.89 | 13.20 | 20.05 | 25.20 | 23.67 |
| Dividend Payout % | 42% | 53% | 29% | 37% | 35% | 37% | 44% | 47% | 50% | 61% | 55% | 50% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -14.00% | 111.63% | -4.40% | 19.54% | 10.58% | -6.96% | 87.85% | 55.22% | -11.54% | 52.17% | 25.24% |
| Change in YoY Net Profit Growth (%) | 0.00% | 125.63% | -116.02% | 23.94% | -8.96% | -17.53% | 94.81% | -32.63% | -66.76% | 63.71% | -26.94% |
Central Depository Services (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 37% |
| 3 Years: | 25% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 38% |
| 3 Years: | 19% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 33% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 29% |
| 3 Years: | 30% |
| Last Year: | 33% |
Last Updated: September 5, 2025, 1:40 am
Balance Sheet
Last Updated: November 9, 2025, 1:49 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 209 | 209 |
| Reserves | 249 | 265 | 375 | 429 | 494 | 564 | 619 | 773 | 988 | 1,109 | 1,359 | 1,551 | 1,534 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 3 | 2 |
| Other Liabilities | 101 | 122 | 74 | 73 | 92 | 116 | 138 | 207 | 232 | 241 | 317 | 399 | 639 |
| Total Liabilities | 455 | 491 | 553 | 606 | 690 | 784 | 862 | 1,084 | 1,326 | 1,457 | 1,781 | 2,162 | 2,384 |
| Fixed Assets | 10 | 7 | 4 | 5 | 76 | 75 | 74 | 73 | 106 | 125 | 342 | 446 | 456 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23 | 4 | 174 | 4 | 7 | 12 |
| Investments | 375 | 389 | 457 | 503 | 521 | 593 | 665 | 709 | 925 | 937 | 1,149 | 1,351 | 1,447 |
| Other Assets | 70 | 95 | 92 | 98 | 93 | 115 | 123 | 278 | 290 | 221 | 287 | 357 | 470 |
| Total Assets | 455 | 491 | 553 | 606 | 690 | 784 | 862 | 1,084 | 1,326 | 1,457 | 1,781 | 2,162 | 2,384 |
Below is a detailed analysis of the balance sheet data for Central Depository Services (India) Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 209.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 209.00 Cr..
- For Reserves, as of Sep 2025, the value is 1,534.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,551.00 Cr. (Mar 2025) to 1,534.00 Cr., marking a decrease of 17.00 Cr..
- For Borrowings, as of Sep 2025, the value is 2.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 3.00 Cr. (Mar 2025) to 2.00 Cr., marking a decrease of 1.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 639.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 399.00 Cr. (Mar 2025) to 639.00 Cr., marking an increase of 240.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 2,384.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,162.00 Cr. (Mar 2025) to 2,384.00 Cr., marking an increase of 222.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 456.00 Cr.. The value appears strong and on an upward trend. It has increased from 446.00 Cr. (Mar 2025) to 456.00 Cr., marking an increase of 10.00 Cr..
- For CWIP, as of Sep 2025, the value is 12.00 Cr.. The value appears strong and on an upward trend. It has increased from 7.00 Cr. (Mar 2025) to 12.00 Cr., marking an increase of 5.00 Cr..
- For Investments, as of Sep 2025, the value is 1,447.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,351.00 Cr. (Mar 2025) to 1,447.00 Cr., marking an increase of 96.00 Cr..
- For Other Assets, as of Sep 2025, the value is 470.00 Cr.. The value appears strong and on an upward trend. It has increased from 357.00 Cr. (Mar 2025) to 470.00 Cr., marking an increase of 113.00 Cr..
- For Total Assets, as of Sep 2025, the value is 2,384.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,162.00 Cr. (Mar 2025) to 2,384.00 Cr., marking an increase of 222.00 Cr..
Notably, the Reserves (1,534.00 Cr.) exceed the Borrowings (2.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 33.00 | 45.00 | 64.00 | 79.00 | 110.00 | 109.00 | 89.00 | 212.00 | 365.00 | 317.00 | 487.00 | 622.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 24 | 39 | 33 | 37 | 36 | 42 | 25 | 30 | 25 | 30 | 18 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 25 | 24 | 39 | 33 | 37 | 36 | 42 | 25 | 30 | 25 | 30 | 18 |
| Working Capital Days | -223 | -253 | -100 | -79 | -92 | -79 | -85 | -111 | -75 | -45 | -22 | -57 |
| ROCE % | 12% | 14% | 22% | 22% | 24% | 22% | 18% | 31% | 40% | 30% | 40% | 42% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | 4,799,727 | 1.53 | 652.67 | 4,799,727 | 2025-04-22 17:25:39 | 0% |
| Nippon India Small Cap Fund | 2,014,859 | 0.73 | 273.98 | 2,014,859 | 2025-04-22 17:25:39 | 0% |
| Invesco India Contra Fund | 667,162 | 0.79 | 90.72 | 667,162 | 2025-04-22 17:25:39 | 0% |
| Canara Robeco Equity Tax Saver | 625,000 | 1.38 | 84.99 | 625,000 | 2025-04-22 17:25:39 | 0% |
| PGIM India Midcap Opportunities Fund | 589,611 | 0.86 | 80.18 | 589,611 | 2025-04-22 17:25:39 | 0% |
| Invesco India Smallcap Fund | 400,492 | 1.97 | 54.46 | 400,492 | 2025-04-22 17:25:39 | 0% |
| HDFC Banking and Financial Services Fund | 391,000 | 1.85 | 53.17 | 391,000 | 2025-04-22 17:25:39 | 0% |
| Invesco India Focused 20 Equity Fund | 361,447 | 2.8 | 49.15 | 361,447 | 2025-04-22 17:25:39 | 0% |
| PGIM India Small Cap Fund | 290,444 | 2.31 | 39.49 | 290,444 | 2025-04-22 17:25:39 | 0% |
| Aditya Birla Sun Life Banking And Financial Services Fund | 223,914 | 1.05 | 30.45 | 223,914 | 2025-04-22 17:25:39 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 25.20 | 40.11 | 26.41 | 29.78 | 19.17 |
| Diluted EPS (Rs.) | 25.20 | 40.11 | 26.41 | 29.78 | 19.17 |
| Cash EPS (Rs.) | 27.40 | 42.86 | 28.70 | 31.07 | 20.14 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 84.23 | 144.23 | 120.30 | 108.74 | 88.04 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 84.23 | 144.23 | 120.30 | 108.74 | 88.04 |
| Revenue From Operations / Share (Rs.) | 51.78 | 77.73 | 53.12 | 52.76 | 32.89 |
| PBDIT / Share (Rs.) | 35.47 | 55.93 | 37.24 | 40.33 | 25.72 |
| PBIT / Share (Rs.) | 33.13 | 53.32 | 35.38 | 39.23 | 24.84 |
| PBT / Share (Rs.) | 33.12 | 53.31 | 35.37 | 39.23 | 24.83 |
| Net Profit / Share (Rs.) | 25.06 | 40.25 | 26.83 | 29.97 | 19.26 |
| NP After MI And SOA / Share (Rs.) | 25.20 | 40.10 | 26.41 | 29.78 | 19.17 |
| PBDIT Margin (%) | 68.50 | 71.95 | 70.11 | 76.43 | 78.18 |
| PBIT Margin (%) | 63.97 | 68.59 | 66.60 | 74.35 | 75.51 |
| PBT Margin (%) | 63.96 | 68.58 | 66.58 | 74.35 | 75.50 |
| Net Profit Margin (%) | 48.39 | 51.78 | 50.51 | 56.81 | 58.55 |
| NP After MI And SOA Margin (%) | 48.66 | 51.59 | 49.71 | 56.44 | 58.28 |
| Return on Networth / Equity (%) | 29.91 | 28.64 | 22.73 | 28.47 | 22.83 |
| Return on Capital Employeed (%) | 37.51 | 36.14 | 29.04 | 35.65 | 28.06 |
| Return On Assets (%) | 24.35 | 23.52 | 18.93 | 23.47 | 18.48 |
| Asset Turnover Ratio (%) | 0.54 | 0.50 | 0.39 | 0.39 | 0.31 |
| Current Ratio (X) | 3.48 | 3.33 | 3.56 | 5.16 | 5.06 |
| Quick Ratio (X) | 3.48 | 3.33 | 3.56 | 5.16 | 5.06 |
| Dividend Payout Ratio (NP) (%) | 43.65 | 39.89 | 56.80 | 30.22 | 23.47 |
| Dividend Payout Ratio (CP) (%) | 39.93 | 37.46 | 53.06 | 29.14 | 22.44 |
| Earning Retention Ratio (%) | 56.35 | 60.11 | 43.20 | 69.78 | 76.53 |
| Cash Earning Retention Ratio (%) | 60.07 | 62.54 | 46.94 | 70.86 | 77.56 |
| Interest Coverage Ratio (X) | 7391.30 | 5308.25 | 2915.29 | 42568.88 | 11684.65 |
| Interest Coverage Ratio (Post Tax) (X) | 5222.20 | 3821.50 | 2101.25 | 31639.39 | 8751.75 |
| Enterprise Value (Cr.) | 25368.39 | 17880.86 | 9416.34 | 15307.19 | 6690.82 |
| EV / Net Operating Revenue (X) | 23.44 | 22.01 | 16.96 | 27.76 | 19.47 |
| EV / EBITDA (X) | 34.22 | 30.59 | 24.19 | 36.32 | 24.90 |
| MarketCap / Net Operating Revenue (X) | 23.56 | 22.02 | 17.11 | 28.06 | 19.95 |
| Retention Ratios (%) | 56.34 | 60.10 | 43.19 | 69.77 | 76.52 |
| Price / BV (X) | 14.49 | 12.23 | 7.82 | 14.15 | 7.82 |
| Price / Net Operating Revenue (X) | 23.56 | 22.03 | 17.11 | 28.06 | 19.95 |
| EarningsYield | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
After reviewing the key financial ratios for Central Depository Services (India) Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 25.20. This value is within the healthy range. It has decreased from 40.11 (Mar 24) to 25.20, marking a decrease of 14.91.
- For Diluted EPS (Rs.), as of Mar 25, the value is 25.20. This value is within the healthy range. It has decreased from 40.11 (Mar 24) to 25.20, marking a decrease of 14.91.
- For Cash EPS (Rs.), as of Mar 25, the value is 27.40. This value is within the healthy range. It has decreased from 42.86 (Mar 24) to 27.40, marking a decrease of 15.46.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 84.23. It has decreased from 144.23 (Mar 24) to 84.23, marking a decrease of 60.00.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 84.23. It has decreased from 144.23 (Mar 24) to 84.23, marking a decrease of 60.00.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 51.78. It has decreased from 77.73 (Mar 24) to 51.78, marking a decrease of 25.95.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 35.47. This value is within the healthy range. It has decreased from 55.93 (Mar 24) to 35.47, marking a decrease of 20.46.
- For PBIT / Share (Rs.), as of Mar 25, the value is 33.13. This value is within the healthy range. It has decreased from 53.32 (Mar 24) to 33.13, marking a decrease of 20.19.
- For PBT / Share (Rs.), as of Mar 25, the value is 33.12. This value is within the healthy range. It has decreased from 53.31 (Mar 24) to 33.12, marking a decrease of 20.19.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 25.06. This value is within the healthy range. It has decreased from 40.25 (Mar 24) to 25.06, marking a decrease of 15.19.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 25.20. This value is within the healthy range. It has decreased from 40.10 (Mar 24) to 25.20, marking a decrease of 14.90.
- For PBDIT Margin (%), as of Mar 25, the value is 68.50. This value is within the healthy range. It has decreased from 71.95 (Mar 24) to 68.50, marking a decrease of 3.45.
- For PBIT Margin (%), as of Mar 25, the value is 63.97. This value exceeds the healthy maximum of 20. It has decreased from 68.59 (Mar 24) to 63.97, marking a decrease of 4.62.
- For PBT Margin (%), as of Mar 25, the value is 63.96. This value is within the healthy range. It has decreased from 68.58 (Mar 24) to 63.96, marking a decrease of 4.62.
- For Net Profit Margin (%), as of Mar 25, the value is 48.39. This value exceeds the healthy maximum of 10. It has decreased from 51.78 (Mar 24) to 48.39, marking a decrease of 3.39.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 48.66. This value exceeds the healthy maximum of 20. It has decreased from 51.59 (Mar 24) to 48.66, marking a decrease of 2.93.
- For Return on Networth / Equity (%), as of Mar 25, the value is 29.91. This value is within the healthy range. It has increased from 28.64 (Mar 24) to 29.91, marking an increase of 1.27.
- For Return on Capital Employeed (%), as of Mar 25, the value is 37.51. This value is within the healthy range. It has increased from 36.14 (Mar 24) to 37.51, marking an increase of 1.37.
- For Return On Assets (%), as of Mar 25, the value is 24.35. This value is within the healthy range. It has increased from 23.52 (Mar 24) to 24.35, marking an increase of 0.83.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.54. It has increased from 0.50 (Mar 24) to 0.54, marking an increase of 0.04.
- For Current Ratio (X), as of Mar 25, the value is 3.48. This value exceeds the healthy maximum of 3. It has increased from 3.33 (Mar 24) to 3.48, marking an increase of 0.15.
- For Quick Ratio (X), as of Mar 25, the value is 3.48. This value exceeds the healthy maximum of 2. It has increased from 3.33 (Mar 24) to 3.48, marking an increase of 0.15.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 43.65. This value is within the healthy range. It has increased from 39.89 (Mar 24) to 43.65, marking an increase of 3.76.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 39.93. This value is within the healthy range. It has increased from 37.46 (Mar 24) to 39.93, marking an increase of 2.47.
- For Earning Retention Ratio (%), as of Mar 25, the value is 56.35. This value is within the healthy range. It has decreased from 60.11 (Mar 24) to 56.35, marking a decrease of 3.76.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 60.07. This value is within the healthy range. It has decreased from 62.54 (Mar 24) to 60.07, marking a decrease of 2.47.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 7,391.30. This value is within the healthy range. It has increased from 5,308.25 (Mar 24) to 7,391.30, marking an increase of 2,083.05.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 5,222.20. This value is within the healthy range. It has increased from 3,821.50 (Mar 24) to 5,222.20, marking an increase of 1,400.70.
- For Enterprise Value (Cr.), as of Mar 25, the value is 25,368.39. It has increased from 17,880.86 (Mar 24) to 25,368.39, marking an increase of 7,487.53.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 23.44. This value exceeds the healthy maximum of 3. It has increased from 22.01 (Mar 24) to 23.44, marking an increase of 1.43.
- For EV / EBITDA (X), as of Mar 25, the value is 34.22. This value exceeds the healthy maximum of 15. It has increased from 30.59 (Mar 24) to 34.22, marking an increase of 3.63.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 23.56. This value exceeds the healthy maximum of 3. It has increased from 22.02 (Mar 24) to 23.56, marking an increase of 1.54.
- For Retention Ratios (%), as of Mar 25, the value is 56.34. This value is within the healthy range. It has decreased from 60.10 (Mar 24) to 56.34, marking a decrease of 3.76.
- For Price / BV (X), as of Mar 25, the value is 14.49. This value exceeds the healthy maximum of 3. It has increased from 12.23 (Mar 24) to 14.49, marking an increase of 2.26.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 23.56. This value exceeds the healthy maximum of 3. It has increased from 22.03 (Mar 24) to 23.56, marking an increase of 1.53.
- For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.02.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Central Depository Services (India) Ltd:
- Net Profit Margin: 48.39%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 37.51% (Industry Average ROCE: 22.28%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 29.91% (Industry Average ROE: 20.6%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 5222.2
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 3.48
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 71.9 (Industry average Stock P/E: 41.18)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 48.39%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Services - Others | Unit No. A-2501, A-Wing, Marathon Futurex, Mumbai Maharashtra 400013 | shareholders@cdslindia.com http://www.cdslindia.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Balkrishna V Chaubal | Chairperson & Public Interest Director |
| Mr. Nehal Vora | Managing Director & CEO |
| Mr. P Masil Jeya Mohan | Non Independent Director |
| Ms. Kamala Kantharaj | Non Independent Director |
| Prof. Umesh Bellur | Public Interest Director |
| Mr. Sidhartha Pradhan | Public Interest Director |
| Mrs. Rajeshree Sabnavis | Public Interest Director |
| Mr. Gurumoorthy Mahalingam | Public Interest Director |
| Prof. Varsha Apte | Public Interest Director |
| Mr. Bharat Vasani | Public Interest Director |
FAQ
What is the intrinsic value of Central Depository Services (India) Ltd?
Central Depository Services (India) Ltd's intrinsic value (as of 13 November 2025) is 1580.75 which is 2.78% lower the current market price of 1,626.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 33,990 Cr. market cap, FY2025-2026 high/low of 1,990/1,047, reserves of ₹1,534 Cr, and liabilities of 2,384 Cr.
What is the Market Cap of Central Depository Services (India) Ltd?
The Market Cap of Central Depository Services (India) Ltd is 33,990 Cr..
What is the current Stock Price of Central Depository Services (India) Ltd as on 13 November 2025?
The current stock price of Central Depository Services (India) Ltd as on 13 November 2025 is 1,626.
What is the High / Low of Central Depository Services (India) Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Central Depository Services (India) Ltd stocks is 1,990/1,047.
What is the Stock P/E of Central Depository Services (India) Ltd?
The Stock P/E of Central Depository Services (India) Ltd is 71.9.
What is the Book Value of Central Depository Services (India) Ltd?
The Book Value of Central Depository Services (India) Ltd is 83.4.
What is the Dividend Yield of Central Depository Services (India) Ltd?
The Dividend Yield of Central Depository Services (India) Ltd is 0.77 %.
What is the ROCE of Central Depository Services (India) Ltd?
The ROCE of Central Depository Services (India) Ltd is 42.0 %.
What is the ROE of Central Depository Services (India) Ltd?
The ROE of Central Depository Services (India) Ltd is 32.7 %.
What is the Face Value of Central Depository Services (India) Ltd?
The Face Value of Central Depository Services (India) Ltd is 10.0.