Central Depository Services (India) Ltd.
NSE: CDSL · Depositories, Clearing Houses and Other Intermediaries
Snapshot
Unlock Central Depository Services (India) Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Central Depository Services (India) Limited operates as a securities depository, facilitating the holding and transacting of securities in electronic form. The company provides a comprehensive suite of services including dematerialisation, KYC processing, e-voting, and electronic storage for insurance policies and warehouse receipts.
Business Model
The company generates revenue primarily through transaction fees, account maintenance charges, and issuer charges for services provided to depository participants and capital market intermediaries. It also monetises its infrastructure through value-added services like e-voting, e-notices, and KYC verification.
Growth Outlook
Growth is driven by the increasing digitisation of financial assets and the rising number of retail investors participating in the Indian capital markets. Expansion into non-securities electronic holding services, such as insurance repositories and warehouse receipts, provides additional long-term revenue streams.
Key Risks
- Regulatory Risk. The company operates in a highly regulated environment where changes in SEBI guidelines or fee structures could directly impact profitability.
- Cybersecurity Risk. As a critical financial infrastructure provider, the company is vulnerable to cyberattacks and data breaches that could compromise investor information.
- Market Volatility. Transaction-based revenue is sensitive to fluctuations in trading volumes and overall activity levels within the Indian stock exchanges.
- Technological Obsolescence. Failure to continuously upgrade digital infrastructure to meet evolving market demands could lead to a loss of competitive advantage.
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Key Metrics
REVENUE
₹1,179 Cr
TTM · consolidated
NET PROFIT
₹470 Cr
TTM · consolidated
EPS
₹22.55
TTM · consolidated
RETURN ON EQUITY
25.3%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
32.3%
TTM · consolidated
P/E
55.5×
Q1 FY27 · consolidated
EV/EBITDA
37.7x
Q1 FY27 · consolidated
EBITDA MARGIN
59.2%
TTM · consolidated
NET PROFIT MARGIN
40.2%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Depositories, Clearing Houses and Other Intermediaries
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Central Depository Services (India) Ltd.CDSL | ₹26,397 Cr | 55.5× | 37.73 | 8.8% | 59.2% | 25.3% | 32.3% | -21.1% |
Computer Age Management Services Ltd.CAMS | ₹16,237 Cr | 32.2× | 20.52 | 9.5% | 49.6% | 38.2% | 47.2% | -83.1% |
Kfin Technologies Ltd.KFINTECH | ₹14,710 Cr | 42.2× | 24.28 | 27.7% | 40.9% | 22.6% | 23.4% | -22.4% |
National Securities Depository LimitedNSDL | ₹14,022 Cr | 36.0× | 23.08 | — | 31.8% | 17.1% | 22.7% | -37.8% |
As of Q1 FY27
Financials
Central Depository Services (India) Ltd.
NSE: CDSL · Depositories, Clearing Houses and Other Intermediaries
Snapshot
Unlock Central Depository Services (India) Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Central Depository Services (India) Limited operates as a securities depository, facilitating the holding and transacting of securities in electronic form. The company provides a comprehensive suite of services including dematerialisation, KYC processing, e-voting, and electronic storage for insurance policies and warehouse receipts.
Business Model
The company generates revenue primarily through transaction fees, account maintenance charges, and issuer charges for services provided to depository participants and capital market intermediaries. It also monetises its infrastructure through value-added services like e-voting, e-notices, and KYC verification.
Growth Outlook
Growth is driven by the increasing digitisation of financial assets and the rising number of retail investors participating in the Indian capital markets. Expansion into non-securities electronic holding services, such as insurance repositories and warehouse receipts, provides additional long-term revenue streams.
Key Risks
- Regulatory Risk. The company operates in a highly regulated environment where changes in SEBI guidelines or fee structures could directly impact profitability.
- Cybersecurity Risk. As a critical financial infrastructure provider, the company is vulnerable to cyberattacks and data breaches that could compromise investor information.
- Market Volatility. Transaction-based revenue is sensitive to fluctuations in trading volumes and overall activity levels within the Indian stock exchanges.
- Technological Obsolescence. Failure to continuously upgrade digital infrastructure to meet evolving market demands could lead to a loss of competitive advantage.
Start your research today
Unlock AI insights, financials, peers and live data on Central Depository Services (India) Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹1,179 Cr
TTM · consolidated
NET PROFIT
₹470 Cr
TTM · consolidated
EPS
₹22.55
TTM · consolidated
RETURN ON EQUITY
25.3%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
32.3%
TTM · consolidated
P/E
55.5x
Q1 FY27 · consolidated
EV/EBITDA
37.7x
Q1 FY27 · consolidated
EBITDA MARGIN
59.2%
TTM · consolidated
NET PROFIT MARGIN
40.2%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Depositories, Clearing Houses and Other Intermediaries
As of Q1 FY27