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Last Updated on: 23 October, 2025
Author: Getaka|Social: XLinkedIn

Central Depository Services (India) Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: October 22, 2025, 3:31 am

Market Cap 33,524 Cr.
Current Price 1,604
High / Low 1,990/1,047
Stock P/E67.8
Book Value 84.2
Dividend Yield0.78 %
ROCE42.0 %
ROE32.7 %
Face Value 10.0
PEG Ratio6.98

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Central Depository Services (India) Ltd

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 63.0 Cr. 331 448/25.52.49 1420.00 %177 %177 % 10.0
Focus Business Solution Ltd 99.0 Cr. 136 136/0.00134 10.00.05 %15.5 %12.4 % 10.0
EKI Energy Services Ltd 294 Cr. 106 366/82.424.9 1551.88 %3.93 %3.46 % 10.0
CMS Info Systems Ltd 6,388 Cr. 388 591/35319.3 1321.67 %21.8 %15.7 % 10.0
Ashram Online.Com Ltd 6.88 Cr. 5.73 6.59/4.11 9.490.00 %0.32 %0.57 % 10.0
Industry Average12,475.50 Cr613.7343.13133.530.56%22.28%20.60%8.65

All Competitor Stocks of Central Depository Services (India) Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 140149141125150207214241257322278224259
Expenses 6658575670798493103122117115129
Operating Profit 7591856880128130148154200161109130
OPM % 53%61%60%55%53%62%61%61%60%62%58%49%50%
Other Income 6212019242321293037213236
Interest 0000000000000
Depreciation 455566781012131415
Profit before tax 77107998298145145168175225168127151
Tax % 25%25%25%23%25%25%26%23%23%28%23%21%32%
Net Profit 5880756374109107129134162130100102
EPS in Rs 2.763.853.573.023.525.215.146.186.427.756.224.804.90

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.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 22, 2025, 5:32 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 891051231461881962253445515558121,0821,084
Expenses 566059677787136132186236324457484
Operating Profit 3345647911010989212365319488625600
OPM % 37%43%52%54%59%56%40%62%66%57%60%58%55%
Other Income 3523724138495957556695119126
Interest 0000000000000
Depreciation 56447101291119274954
Profit before tax 6263131117141148136260409365556695671
Tax % 21%31%31%26%27%23%22%22%24%24%25%24%
Net Profit 50439187104115107201312276420526495
EPS in Rs 2.362.094.354.104.945.435.089.5914.8913.2020.0525.2023.67
Dividend Payout % 42%53%29%37%35%37%44%47%50%61%55%50%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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: May 13, 2025, 3:43 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 104104104104104104104104104104104209
Reserves 2492653754294945646197739881,1091,3591,551
Borrowings 000000000213
Other Liabilities 101122747392116138207232241317399
Total Liabilities 4554915536066907848621,0841,3261,4571,7812,162
Fixed Assets 1074576757473106125342446
CWIP 000000023417447
Investments 3753894575035215936657099259371,1491,351
Other Assets 7095929893115123278290221287357
Total Assets 4554915536066907848621,0841,3261,4571,7812,162

Below is a detailed analysis of the balance sheet data for Central Depository Services (India) Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2025, the value is 209.00 Cr.. The value appears strong and on an upward trend. It has increased from 104.00 Cr. (Mar 2024) to 209.00 Cr., marking an increase of 105.00 Cr..
  • For Reserves, as of Mar 2025, the value is 1,551.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,359.00 Cr. (Mar 2024) to 1,551.00 Cr., marking an increase of 192.00 Cr..
  • For Borrowings, as of Mar 2025, the value is 3.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 1.00 Cr. (Mar 2024) to 3.00 Cr., marking an increase of 2.00 Cr..
  • For Other Liabilities, as of Mar 2025, the value is 399.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 317.00 Cr. (Mar 2024) to 399.00 Cr., marking an increase of 82.00 Cr..
  • For Total Liabilities, as of Mar 2025, the value is 2,162.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,781.00 Cr. (Mar 2024) to 2,162.00 Cr., marking an increase of 381.00 Cr..
  • For Fixed Assets, as of Mar 2025, the value is 446.00 Cr.. The value appears strong and on an upward trend. It has increased from 342.00 Cr. (Mar 2024) to 446.00 Cr., marking an increase of 104.00 Cr..
  • For CWIP, as of Mar 2025, the value is 7.00 Cr.. The value appears strong and on an upward trend. It has increased from 4.00 Cr. (Mar 2024) to 7.00 Cr., marking an increase of 3.00 Cr..
  • For Investments, as of Mar 2025, the value is 1,351.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,149.00 Cr. (Mar 2024) to 1,351.00 Cr., marking an increase of 202.00 Cr..
  • For Other Assets, as of Mar 2025, the value is 357.00 Cr.. The value appears strong and on an upward trend. It has increased from 287.00 Cr. (Mar 2024) to 357.00 Cr., marking an increase of 70.00 Cr..
  • For Total Assets, as of Mar 2025, the value is 2,162.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,781.00 Cr. (Mar 2024) to 2,162.00 Cr., marking an increase of 381.00 Cr..

Notably, the Reserves (1,551.00 Cr.) exceed the Borrowings (3.00 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.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +35432843798682193283249386543
Cash from Investing Activity +-13-19018-67-67-33-107-146-126-249-298
Cash from Financing Activity +-23-23-28-31-38-20-51-47-94-158-169-231
Net Cash Flow-10129-26-1-13844-35-3214

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow33.0045.0064.0079.00110.00109.0089.00212.00365.00317.00487.00622.00

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.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days252439333736422530253018
Inventory Days
Days Payable
Cash Conversion Cycle252439333736422530253018
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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters20.00%20.00%15.00%15.00%15.00%15.00%15.00%15.00%15.00%15.00%15.00%15.00%
FIIs15.83%14.67%15.10%15.25%18.16%11.38%14.00%13.77%17.15%11.34%12.90%11.54%
DIIs18.46%18.48%22.03%21.80%21.33%23.15%24.92%21.57%19.11%15.41%14.24%14.18%
Public45.71%46.85%47.87%47.94%45.51%50.47%46.09%49.66%48.74%58.25%57.87%59.28%
No. of Shareholders8,01,2208,28,8538,32,1258,09,3157,77,0308,43,1018,28,80511,03,61611,73,41915,29,58914,97,88915,12,183

Shareholding Pattern Chart

No. of Shareholders

Central Depository Services (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Parag Parikh Flexi Cap Fund 4,799,727 1.53 652.674,799,7272025-04-22 17:25:390%
Nippon India Small Cap Fund 2,014,859 0.73 273.982,014,8592025-04-22 17:25:390%
Invesco India Contra Fund 667,162 0.79 90.72667,1622025-04-22 17:25:390%
Canara Robeco Equity Tax Saver 625,000 1.38 84.99625,0002025-04-22 17:25:390%
PGIM India Midcap Opportunities Fund 589,611 0.86 80.18589,6112025-04-22 17:25:390%
Invesco India Smallcap Fund 400,492 1.97 54.46400,4922025-04-22 17:25:390%
HDFC Banking and Financial Services Fund 391,000 1.85 53.17391,0002025-04-22 17:25:390%
Invesco India Focused 20 Equity Fund 361,447 2.8 49.15361,4472025-04-22 17:25:390%
PGIM India Small Cap Fund 290,444 2.31 39.49290,4442025-04-22 17:25:390%
Aditya Birla Sun Life Banking And Financial Services Fund 223,914 1.05 30.45223,9142025-04-22 17:25:390%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 25.2040.1126.4129.7819.17
Diluted EPS (Rs.) 25.2040.1126.4129.7819.17
Cash EPS (Rs.) 27.4042.8628.7031.0720.14
Book Value[Excl.RevalReserv]/Share (Rs.) 84.23144.23120.30108.7488.04
Book Value[Incl.RevalReserv]/Share (Rs.) 84.23144.23120.30108.7488.04
Revenue From Operations / Share (Rs.) 51.7877.7353.1252.7632.89
PBDIT / Share (Rs.) 35.4755.9337.2440.3325.72
PBIT / Share (Rs.) 33.1353.3235.3839.2324.84
PBT / Share (Rs.) 33.1253.3135.3739.2324.83
Net Profit / Share (Rs.) 25.0640.2526.8329.9719.26
NP After MI And SOA / Share (Rs.) 25.2040.1026.4129.7819.17
PBDIT Margin (%) 68.5071.9570.1176.4378.18
PBIT Margin (%) 63.9768.5966.6074.3575.51
PBT Margin (%) 63.9668.5866.5874.3575.50
Net Profit Margin (%) 48.3951.7850.5156.8158.55
NP After MI And SOA Margin (%) 48.6651.5949.7156.4458.28
Return on Networth / Equity (%) 29.9128.6422.7328.4722.83
Return on Capital Employeed (%) 37.5136.1429.0435.6528.06
Return On Assets (%) 24.3523.5218.9323.4718.48
Asset Turnover Ratio (%) 0.540.500.390.390.31
Current Ratio (X) 3.483.333.565.165.06
Quick Ratio (X) 3.483.333.565.165.06
Dividend Payout Ratio (NP) (%) 43.6539.8956.8030.2223.47
Dividend Payout Ratio (CP) (%) 39.9337.4653.0629.1422.44
Earning Retention Ratio (%) 56.3560.1143.2069.7876.53
Cash Earning Retention Ratio (%) 60.0762.5446.9470.8677.56
Interest Coverage Ratio (X) 7391.305308.252915.2942568.8811684.65
Interest Coverage Ratio (Post Tax) (X) 5222.203821.502101.2531639.398751.75
Enterprise Value (Cr.) 25368.3917880.869416.3415307.196690.82
EV / Net Operating Revenue (X) 23.4422.0116.9627.7619.47
EV / EBITDA (X) 34.2230.5924.1936.3224.90
MarketCap / Net Operating Revenue (X) 23.5622.0217.1128.0619.95
Retention Ratios (%) 56.3460.1043.1969.7776.52
Price / BV (X) 14.4912.237.8214.157.82
Price / Net Operating Revenue (X) 23.5622.0317.1128.0619.95
EarningsYield 0.020.020.020.020.02

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.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Central Depository Services (India) Ltd as of October 24, 2025 is: 1,505.06

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of October 24, 2025, Central Depository Services (India) Ltd is Overvalued by 6.17% compared to the current share price 1,604.00

Intrinsic Value of Central Depository Services (India) Ltd as of October 24, 2025 is: 1,651.26

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 24, 2025, Central Depository Services (India) Ltd is Undervalued by 2.95% compared to the current share price 1,604.00

Last 5 Year EPS CAGR: 9.71%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 26.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -101.75, which is a positive sign.
  3. The company has higher reserves (731.25 cr) compared to borrowings (0.50 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (256.62 cr) and profit (288.77 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 30.33, which may not be favorable.

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:
    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. Stock P/E: 67.8 (Industry average Stock P/E: 43.13)
      • 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.
    7. 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.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Central Depository Services (India) Ltd. is a Public Limited Listed company incorporated on 12/12/1997 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L67120MH1997PLC112443 and registration number is 112443. Currently Company is involved in the business activities of Administration of financial markets. Company's Total Operating Revenue is Rs. 848.21 Cr. and Equity Capital is Rs. 209.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Services - OthersUnit No. A-2501, A-Wing, Marathon Futurex, Mumbai Maharashtra 400013shareholders@cdslindia.com
http://www.cdslindia.com
Management
NamePosition Held
Mr. Balkrishna V ChaubalChairperson & Public Interest Director
Mr. Nehal VoraManaging Director & CEO
Mr. P Masil Jeya MohanNon Independent Director
Ms. Kamala KantharajNon Independent Director
Prof. Umesh BellurPublic Interest Director
Mr. Sidhartha PradhanPublic Interest Director
Mrs. Rajeshree SabnavisPublic Interest Director
Mr. Gurumoorthy MahalingamPublic Interest Director
Prof. Varsha AptePublic Interest Director
Mr. Bharat VasaniPublic Interest Director

FAQ

What is the intrinsic value of Central Depository Services (India) Ltd?

Central Depository Services (India) Ltd's intrinsic value (as of 24 October 2025) is 1505.06 which is 6.17% lower the current market price of 1,604.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 33,524 Cr. market cap, FY2025-2026 high/low of 1,990/1,047, reserves of ₹1,551 Cr, and liabilities of 2,162 Cr.

What is the Market Cap of Central Depository Services (India) Ltd?

The Market Cap of Central Depository Services (India) Ltd is 33,524 Cr..

What is the current Stock Price of Central Depository Services (India) Ltd as on 24 October 2025?

The current stock price of Central Depository Services (India) Ltd as on 24 October 2025 is 1,604.

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 67.8.

What is the Book Value of Central Depository Services (India) Ltd?

The Book Value of Central Depository Services (India) Ltd is 84.2.

What is the Dividend Yield of Central Depository Services (India) Ltd?

The Dividend Yield of Central Depository Services (India) Ltd is 0.78 %.

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.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Central Depository Services (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE