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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Central Depository Services (India) Ltd

About the Company - Central Depository Services (India) Ltd

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. 414.80 Cr. and Equity Capital is Rs. 104.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Services - OthersA Wing, 25th Floor, 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
Mr. P Masil Jeya MohanShareholder Director
Mrs. Rajeshree SabnavisPublic Interest Director
Mr. Gurumoorthy MahalingamPublic Interest Director

Basic Stock Data of Central Depository Services (India) Ltd

Last Updated: May 13, 2024, 3:03 pm

Market Cap 20,835 Cr.
Current Price 1,994
High / Low2,239/976
Stock P/E49.7
Book Value 140
Dividend Yield0.80 %
ROCE40.2 %
ROE31.3 %
Face Value 10.0
PEG Ratio2.01

Central Depository Services (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales8986103117146152137140149141125150207
Expenses35304044474946665857567079
Operating Profit5456637499103907591856880128
OPM %61%65%61%63%68%68%66%53%61%60%55%53%62%
Other Income121771319111162120192423
Interest0000000000000
Depreciation3322334455566
Profit before tax647169851151119877107998298145
Tax %23%23%25%24%25%25%20%25%25%25%23%25%25%
Net Profit495452648684785880756374109
EPS in Rs4.675.144.956.118.228.017.435.537.697.146.047.0410.42

Central Depository Services (India) Ltd Quarterly Chart

Central Depository Services (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales969189105123146188196215344551555623
Expenses3655566059677787125132186236262
Operating Profit61363345647911010989212365319361
OPM %63%39%37%43%52%54%59%56%42%62%66%57%58%
Other Income22333523724138495957556686
Interest0000000000000
Depreciation435644710129111923
Profit before tax78666263131117141148136260409365424
Tax %29%23%21%31%31%26%27%23%22%22%24%24%
Net Profit555150439187104115107201312276321
EPS in Rs5.304.894.724.188.718.219.8710.8610.1619.1729.7826.4130.64
Dividend Payout %33%41%42%53%29%37%35%37%44%47%50%61%

Central Depository Services (India) Ltd Profit & Loss Yearly Chart

Central Depository Services (India) Ltd Growth

Compounded Sales Growth
10 Years:25%
5 Years:33%
3 Years:33%
TTM:46%
Compounded Profit Growth
10 Years:29%
5 Years:30%
3 Years:28%
TTM:53%
Stock Price CAGR
10 Years:%
5 Years:57%
3 Years:30%
1 Year:118%
Return on Equity
10 Years:23%
5 Years:26%
3 Years:29%
Last Year:31%

Last Updated: May 13, 2024, 3:03 pm

Central Depository Services (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital104104104104104104104104104104104104104
Reserves1992242492653754294945646197739881,1091,122
Borrowings0000000000022
Other Liabilities6687101122747392116138206232241403
Total Liabilities3694164554915536066907848621,0841,3261,4571,632
Fixed Assets681074576757473106125128
CWIP010000000234174181
Investments3073423753894575035215936657099259371,021
Other Assets55647095929893115123278290221302
Total Assets3694164554915536066907848621,0841,3261,4571,632

Central Depository Services (India) Ltd Reserves and Borrowings Chart

Central Depository Services (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 402435432843798682193283249
Cash from Investing Activity -35-6-13-19018-67-67-33-107-146-129
Cash from Financing Activity -4-18-23-23-28-31-38-20-51-47-94-155
Net Cash Flow-0-0-10129-26-1-13844-35

Central Depository Services (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days253425243933373644403025
Inventory Days
Days Payable
Cash Conversion Cycle253425243933373644403025
Working Capital Days-80-160-223-253-100-79-92-79-90-109-75-78
ROCE %25%15%12%14%22%22%24%22%18%31%40%30%

Central Depository Services (India) Ltd Financial Efficiency Indicators Chart

No valid data available for the Shareholding

Central Depository Services (India) Ltd Shareholding Pattern Chart

No. of Central Depository Services (India) Ltd Shareholders

Central Depository Services (India) Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Parag Parikh Flexi Cap Fund47997271.53652.67
Nippon India Small Cap Fund20148590.73273.98
Invesco India Contra Fund6671620.7990.72
Canara Robeco Equity Tax Saver6250001.3884.99
PGIM India Midcap Opportunities Fund5896110.8680.18
Invesco India Smallcap Fund4004921.9754.46
HDFC Banking and Financial Services Fund3910001.8553.17
Invesco India Focused 20 Equity Fund3614472.849.15
PGIM India Small Cap Fund2904442.3139.49
Aditya Birla Sun Life Banking And Financial Services Fund2239141.0530.45

Central Depository Services (India) Ltd ROCE Trend

Central Depository Services (India) Ltd EPS Trend

Central Depository Services (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)26.4129.7819.1710.1610.86
Diluted EPS (Rs.)26.4129.7819.1710.1610.86
Cash EPS (Rs.)28.7031.0720.1411.3311.94
Book Value[Excl.RevalReserv]/Share (Rs.)120.30108.7488.0473.2967.89
Book Value[Incl.RevalReserv]/Share (Rs.)120.30108.7488.0473.2967.89
Revenue From Operations / Share (Rs.)53.1252.7632.8921.5418.78
PBDIT / Share (Rs.)37.2440.3325.7214.1815.13
PBIT / Share (Rs.)35.3839.2324.8413.0614.18
PBT / Share (Rs.)35.3739.2324.8313.0614.18
Net Profit / Share (Rs.)26.8329.9719.2610.2110.99
NP After MI And SOA / Share (Rs.)26.4129.7819.1710.1610.86
PBDIT Margin (%)70.1176.4378.1865.8480.57
PBIT Margin (%)66.6074.3575.5160.6275.51
PBT Margin (%)66.5874.3575.5060.6175.51
Net Profit Margin (%)50.5156.8158.5547.4058.50
NP After MI And SOA Margin (%)49.7156.4458.2847.1557.84
Return on Networth / Equity (%)22.7328.4722.8314.6616.98
Return on Capital Employeed (%)29.0435.6528.0617.6820.85
Return On Assets (%)18.9323.4718.4812.2914.48
Asset Turnover Ratio (%)0.440.390.310.230.23
Current Ratio (X)3.565.165.065.282.84
Quick Ratio (X)3.565.165.065.282.84
Dividend Payout Ratio (NP) (%)0.0030.2223.4747.4738.84
Dividend Payout Ratio (CP) (%)0.0029.1422.4442.7435.72
Earning Retention Ratio (%)0.0069.7876.5352.5361.16
Cash Earning Retention Ratio (%)0.0070.8677.5657.2664.28
Interest Coverage Ratio (X)2915.2942568.8811684.655041.140.00
Interest Coverage Ratio (Post Tax) (X)2101.2531639.398751.753630.870.00
Enterprise Value (Cr.)9416.3415307.196690.822228.632520.44
EV / Net Operating Revenue (X)16.9627.7619.479.9012.84
EV / EBITDA (X)24.1936.3224.9015.0415.94
MarketCap / Net Operating Revenue (X)17.1128.0619.959.9512.92
Retention Ratios (%)0.0069.7776.5252.5261.15
Price / BV (X)7.8214.157.823.093.79
Price / Net Operating Revenue (X)17.1128.0619.959.9512.92
EarningsYield0.020.020.020.040.04

Central Depository Services (India) Ltd Profitability Ratios (%)

Central Depository Services (India) Ltd Liquidity Ratios

Central Depository Services (India) Ltd Liquidity Ratios (%)

Central Depository Services (India) Ltd Interest Coverage Ratios (%)

Central Depository Services (India) Ltd Valuation Ratios

Fair Value

Fair Value: ₹2,195.28

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.

Undervalued: 10.09% compared to the current price ₹1994

Intrinsic Value: ₹2,737.59

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 37.29% compared to the current price ₹1994

Last 5 Year EPS CAGR: 24.70%

*Investments are subject to market risks

Strength and Weakness of Central Depository Services (India) Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 22.92%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -118.17, which is a positive sign.
  3. The company has higher reserves (570.00 cr) compared to borrowings (0.31 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (255.54 cr) and profit (184.62 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 32.67, which may not be favorable.

FAQ

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

The latest fair value of Central Depository Services (India) Ltd is ₹2195.28.

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

The Market Cap of Central Depository Services (India) Ltd is 20,835 Cr..

What is the current Stock Price of Central Depository Services (India) Ltd as on 30 May 2024?

The current stock price of Central Depository Services (India) Ltd as on 30 May 2024 is ₹1,994.

What is the High / Low of Central Depository Services (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Central Depository Services (India) Ltd stocks is 2,239/976.

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

The Stock P/E of Central Depository Services (India) Ltd is 49.7.

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

The Book Value of Central Depository Services (India) Ltd is 140.

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

The Dividend Yield of Central Depository Services (India) Ltd is 0.80 %.

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

The ROCE of Central Depository Services (India) Ltd is 40.2 %.

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

The ROE of Central Depository Services (India) Ltd is 31.3 %.

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

The Face Value of Central Depository Services (India) Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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