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Last Updated on: 01 June, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

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

Share Price and Basic Stock Data

Last Updated: May 31, 2025, 9:30 pm

Market Cap 31,971 Cr.
Current Price 1,530
High / Low 1,990/918
Stock P/E60.7
Book Value 84.2
Dividend Yield0.62 %
ROCE41.9 %
ROE32.6 %
Face Value 10.0
PEG Ratio2.85

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 13.5 Cr. 71.0 93.4/6.980.53 13.40.00 %1,550 %1,550 % 10.0
Focus Business Solution Ltd 53.4 Cr. 116 121/59.672.2 15.90.09 %15.3 %12.4 % 10.0
EKI Energy Services Ltd 351 Cr. 127 407/82.423.0 1551.57 %4.11 %3.63 % 10.0
CMS Info Systems Ltd 8,029 Cr. 492 616/37624.4 1331.32 %21.5 %16.2 % 10.0
Ashram Online.Com Ltd 6.12 Cr. 5.10 8.02/4.11 9.490.00 %0.32 %0.57 % 10.0
Industry Average12,401.00 Cr643.7733.37125.630.56%91.46%90.09%8.65

All Competitor Stocks of Central Depository Services (India) Ltd

Quarterly Result

MetricMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Sales 137140149141125150207214241257322278224
Expenses 466658575670798493103122117115
Operating Profit 907591856880128130148154200161109
OPM % 66%53%61%60%55%53%62%61%61%60%62%58%49%
Other Income 1162120192423212930372132
Interest 0000000000000
Depreciation 44555667810121314
Profit before tax 9877107998298145145168175225168127
Tax % 20%25%25%25%23%25%25%26%23%23%28%23%21%
Net Profit 785880756374109107129134162130100
EPS in Rs 3.722.763.853.573.023.525.215.146.186.427.756.224.80

Last Updated: May 31, 2025, 9:33 am

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

  • For Sales, as of Mar 2025, the value is 224.00 Cr.. The value appears to be declining and may need further review. It has decreased from 278.00 Cr. (Dec 2024) to 224.00 Cr., marking a decrease of 54.00 Cr..
  • For Expenses, as of Mar 2025, the value is 115.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 117.00 Cr. (Dec 2024) to 115.00 Cr., marking a decrease of 2.00 Cr..
  • For Operating Profit, as of Mar 2025, the value is 109.00 Cr.. The value appears to be declining and may need further review. It has decreased from 161.00 Cr. (Dec 2024) to 109.00 Cr., marking a decrease of 52.00 Cr..
  • For OPM %, as of Mar 2025, the value is 49.00%. The value appears to be declining and may need further review. It has decreased from 58.00% (Dec 2024) to 49.00%, marking a decrease of 9.00%.
  • For Other Income, as of Mar 2025, the value is 32.00 Cr.. The value appears strong and on an upward trend. It has increased from 21.00 Cr. (Dec 2024) to 32.00 Cr., marking an increase of 11.00 Cr..
  • For Interest, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 0.00 Cr..
  • For Depreciation, as of Mar 2025, the value is 14.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 13.00 Cr. (Dec 2024) to 14.00 Cr., marking an increase of 1.00 Cr..
  • For Profit before tax, as of Mar 2025, the value is 127.00 Cr.. The value appears to be declining and may need further review. It has decreased from 168.00 Cr. (Dec 2024) to 127.00 Cr., marking a decrease of 41.00 Cr..
  • For Tax %, as of Mar 2025, the value is 21.00%. The value appears to be improving (decreasing) as expected. It has decreased from 23.00% (Dec 2024) to 21.00%, marking a decrease of 2.00%.
  • For Net Profit, as of Mar 2025, the value is 100.00 Cr.. The value appears to be declining and may need further review. It has decreased from 130.00 Cr. (Dec 2024) to 100.00 Cr., marking a decrease of 30.00 Cr..
  • For EPS in Rs, as of Mar 2025, the value is 4.80. The value appears to be declining and may need further review. It has decreased from 6.22 (Dec 2024) to 4.80, marking a decrease of 1.42.

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: May 15, 2025, 7:00 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 891051231461881962253445515558121,082
Expenses 566059677787136132186236324458
Operating Profit 3345647911010989212365319488624
OPM % 37%43%52%54%59%56%40%62%66%57%60%58%
Other Income 3523724138495957556695120
Interest -0-0-0-0-0-0000000
Depreciation 564471012911192749
Profit before tax 6263131117141148136260409365556695
Tax % 21%31%31%26%27%23%22%22%24%24%25%24%
Net Profit 50439187104115107201312276420526
EPS in Rs 2.362.094.354.104.945.435.089.5914.8913.2020.0525.20
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:33%
Compounded Profit Growth
10 Years:31%
5 Years:38%
3 Years:19%
TTM:26%
Stock Price CAGR
10 Years:%
5 Years:64%
3 Years:37%
1 Year:47%
Return on Equity
10 Years:25%
5 Years:29%
3 Years:30%
Last Year:33%

Last Updated: Unknown

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 Flow33.0045.0064.0079.00110.00109.0089.00212.00365.00317.00487.00621.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days342524393337364440302530
Inventory Days
Days Payable
Cash Conversion Cycle342524393337364440302530
Working Capital Days-160-223-253-100-79-92-79-90-109-75-44-22
ROCE %15%12%14%22%22%24%22%18%31%40%30%40%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters20.00%20.00%20.00%20.00%20.00%15.00%15.00%15.00%15.00%15.00%15.00%15.00%
FIIs0.00%0.00%15.65%15.83%14.67%15.10%15.25%18.16%11.38%14.00%13.77%17.15%
DIIs35.92%34.69%18.96%18.46%18.48%22.03%21.80%21.33%23.15%24.92%21.57%19.11%
Public44.07%45.31%45.40%45.71%46.85%47.87%47.94%45.51%50.47%46.09%49.66%48.74%
No. of Shareholders6,94,9797,90,0557,97,0298,01,2208,28,8538,32,1258,09,3157,77,0308,43,1018,28,80511,03,61611,73,419

Shareholding Pattern Chart

No. of Shareholders

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 40.1126.4129.7819.1710.16
Diluted EPS (Rs.) 40.1126.4129.7819.1710.16
Cash EPS (Rs.) 42.8628.7031.0720.1411.33
Book Value[Excl.RevalReserv]/Share (Rs.) 144.23120.30108.7488.0473.29
Book Value[Incl.RevalReserv]/Share (Rs.) 144.23120.30108.7488.0473.29
Revenue From Operations / Share (Rs.) 77.7353.1252.7632.8921.54
PBDIT / Share (Rs.) 55.9337.2440.3325.7214.18
PBIT / Share (Rs.) 53.3235.3839.2324.8413.06
PBT / Share (Rs.) 53.3135.3739.2324.8313.06
Net Profit / Share (Rs.) 40.2526.8329.9719.2610.21
NP After MI And SOA / Share (Rs.) 40.1026.4129.7819.1710.16
PBDIT Margin (%) 71.9570.1176.4378.1865.84
PBIT Margin (%) 68.5966.6074.3575.5160.62
PBT Margin (%) 68.5866.5874.3575.5060.61
Net Profit Margin (%) 51.7850.5156.8158.5547.40
NP After MI And SOA Margin (%) 51.5949.7156.4458.2847.15
Return on Networth / Equity (%) 28.6422.7328.4722.8314.66
Return on Capital Employeed (%) 36.1429.0435.6528.0617.68
Return On Assets (%) 23.5218.9323.4718.4812.29
Asset Turnover Ratio (%) 0.500.390.390.310.23
Current Ratio (X) 3.333.565.165.065.28
Quick Ratio (X) 3.333.565.165.065.28
Dividend Payout Ratio (NP) (%) 39.8956.8030.2223.4747.47
Dividend Payout Ratio (CP) (%) 37.4653.0629.1422.4442.74
Earning Retention Ratio (%) 60.1143.2069.7876.5352.53
Cash Earning Retention Ratio (%) 62.5446.9470.8677.5657.26
Interest Coverage Ratio (X) 5308.252915.2942568.8811684.655041.14
Interest Coverage Ratio (Post Tax) (X) 3821.502101.2531639.398751.753630.87
Enterprise Value (Cr.) 17880.869416.3415307.196690.822228.63
EV / Net Operating Revenue (X) 22.0116.9627.7619.479.90
EV / EBITDA (X) 30.5924.1936.3224.9015.04
MarketCap / Net Operating Revenue (X) 22.0217.1128.0619.959.95
Retention Ratios (%) 60.1043.1969.7776.5252.52
Price / BV (X) 12.237.8214.157.823.09
Price / Net Operating Revenue (X) 22.0317.1128.0619.959.95
EarningsYield 0.020.020.020.020.04

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 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 40.11. This value is within the healthy range. It has increased from 26.41 (Mar 23) to 40.11, marking an increase of 13.70.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 40.11. This value is within the healthy range. It has increased from 26.41 (Mar 23) to 40.11, marking an increase of 13.70.
  • For Cash EPS (Rs.), as of Mar 24, the value is 42.86. This value is within the healthy range. It has increased from 28.70 (Mar 23) to 42.86, marking an increase of 14.16.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 144.23. It has increased from 120.30 (Mar 23) to 144.23, marking an increase of 23.93.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 144.23. It has increased from 120.30 (Mar 23) to 144.23, marking an increase of 23.93.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 77.73. It has increased from 53.12 (Mar 23) to 77.73, marking an increase of 24.61.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 55.93. This value is within the healthy range. It has increased from 37.24 (Mar 23) to 55.93, marking an increase of 18.69.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 53.32. This value is within the healthy range. It has increased from 35.38 (Mar 23) to 53.32, marking an increase of 17.94.
  • For PBT / Share (Rs.), as of Mar 24, the value is 53.31. This value is within the healthy range. It has increased from 35.37 (Mar 23) to 53.31, marking an increase of 17.94.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 40.25. This value is within the healthy range. It has increased from 26.83 (Mar 23) to 40.25, marking an increase of 13.42.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 40.10. This value is within the healthy range. It has increased from 26.41 (Mar 23) to 40.10, marking an increase of 13.69.
  • For PBDIT Margin (%), as of Mar 24, the value is 71.95. This value is within the healthy range. It has increased from 70.11 (Mar 23) to 71.95, marking an increase of 1.84.
  • For PBIT Margin (%), as of Mar 24, the value is 68.59. This value exceeds the healthy maximum of 20. It has increased from 66.60 (Mar 23) to 68.59, marking an increase of 1.99.
  • For PBT Margin (%), as of Mar 24, the value is 68.58. This value is within the healthy range. It has increased from 66.58 (Mar 23) to 68.58, marking an increase of 2.00.
  • For Net Profit Margin (%), as of Mar 24, the value is 51.78. This value exceeds the healthy maximum of 10. It has increased from 50.51 (Mar 23) to 51.78, marking an increase of 1.27.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is 51.59. This value exceeds the healthy maximum of 20. It has increased from 49.71 (Mar 23) to 51.59, marking an increase of 1.88.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 28.64. This value is within the healthy range. It has increased from 22.73 (Mar 23) to 28.64, marking an increase of 5.91.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 36.14. This value is within the healthy range. It has increased from 29.04 (Mar 23) to 36.14, marking an increase of 7.10.
  • For Return On Assets (%), as of Mar 24, the value is 23.52. This value is within the healthy range. It has increased from 18.93 (Mar 23) to 23.52, marking an increase of 4.59.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 0.50. It has increased from 0.39 (Mar 23) to 0.50, marking an increase of 0.11.
  • For Current Ratio (X), as of Mar 24, the value is 3.33. This value exceeds the healthy maximum of 3. It has decreased from 3.56 (Mar 23) to 3.33, marking a decrease of 0.23.
  • For Quick Ratio (X), as of Mar 24, the value is 3.33. This value exceeds the healthy maximum of 2. It has decreased from 3.56 (Mar 23) to 3.33, marking a decrease of 0.23.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 39.89. This value is within the healthy range. It has decreased from 56.80 (Mar 23) to 39.89, marking a decrease of 16.91.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 37.46. This value is within the healthy range. It has decreased from 53.06 (Mar 23) to 37.46, marking a decrease of 15.60.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 60.11. This value is within the healthy range. It has increased from 43.20 (Mar 23) to 60.11, marking an increase of 16.91.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 62.54. This value is within the healthy range. It has increased from 46.94 (Mar 23) to 62.54, marking an increase of 15.60.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 5,308.25. This value is within the healthy range. It has increased from 2,915.29 (Mar 23) to 5,308.25, marking an increase of 2,392.96.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3,821.50. This value is within the healthy range. It has increased from 2,101.25 (Mar 23) to 3,821.50, marking an increase of 1,720.25.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 17,880.86. It has increased from 9,416.34 (Mar 23) to 17,880.86, marking an increase of 8,464.52.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 22.01. This value exceeds the healthy maximum of 3. It has increased from 16.96 (Mar 23) to 22.01, marking an increase of 5.05.
  • For EV / EBITDA (X), as of Mar 24, the value is 30.59. This value exceeds the healthy maximum of 15. It has increased from 24.19 (Mar 23) to 30.59, marking an increase of 6.40.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 22.02. This value exceeds the healthy maximum of 3. It has increased from 17.11 (Mar 23) to 22.02, marking an increase of 4.91.
  • For Retention Ratios (%), as of Mar 24, the value is 60.10. This value is within the healthy range. It has increased from 43.19 (Mar 23) to 60.10, marking an increase of 16.91.
  • For Price / BV (X), as of Mar 24, the value is 12.23. This value exceeds the healthy maximum of 3. It has increased from 7.82 (Mar 23) to 12.23, marking an increase of 4.41.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 22.03. This value exceeds the healthy maximum of 3. It has increased from 17.11 (Mar 23) to 22.03, marking an increase of 4.92.
  • For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) 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 June 1, 2025 is: 1,341.20

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 June 1, 2025, Central Depository Services (India) Ltd is Overvalued by 12.34% compared to the current share price 1,530.00

Intrinsic Value of Central Depository Services (India) Ltd as of June 1, 2025 is: 1,627.08

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 June 1, 2025, Central Depository Services (India) Ltd is Undervalued by 6.35% compared to the current share price 1,530.00

Last 5 Year EPS CAGR: 21.32%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 24.17%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -110.50, 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 (277.92 cr) and profit (256.92 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 33.08, 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: 51.78%
      • 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: 36.14% (Industry Average ROCE: 91.46%)
      • 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%: 28.64% (Industry Average ROE: 90.09%)
      • 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): 3821.5
      • 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: 3.33
      • 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: 60.7 (Industry average Stock P/E: 33.37)
      • 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 Other financial service activities, except insurance and pension funding activities. 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
Prof. Umesh BellurPublic Interest Director
Prof. (Dr) Bimalkumar N PatelPublic Interest Director
Mr. Sidhartha PradhanPublic Interest Director
Mrs. Rajeshree SabnavisPublic Interest Director
Mr. Gurumoorthy MahalingamPublic Interest Director
Prof. Varsha AptePublic Interest Director
Mr. P Masil Jeya MohanNon Independent Director
Ms. Sushri Kamala KantharajNon Independent Director

FAQ

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

Central Depository Services (India) Ltd's intrinsic value (as of 31 May 2025) is ₹1341.20 — 12.34% lower the current market price of 1,530.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 31,971 Cr. market cap, FY2025-2026 high/low of ₹1,990/918, 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 31,971 Cr..

What is the current Stock Price of Central Depository Services (India) Ltd as on 31 May 2025?

The current stock price of Central Depository Services (India) Ltd as on 31 May 2025 is 1,530.

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 ₹1,990/918.

What is the Stock P/E of Central Depository Services (India) Ltd?

The Stock P/E of Central Depository Services (India) Ltd is 60.7.

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 0.62 %.

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

The ROCE of Central Depository Services (India) Ltd is 41.9 %.

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

The ROE of Central Depository Services (India) Ltd is 32.6 %.

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