Central Depository Services

    CDSL
    Diversified
    ₹1360.00
    price as of 11/9/2026, 5:28:08 pm

    Market cap ₹28,424 Cr

    P/E
    60.47
    Day range
    ₹1,315.50 – ₹1,360.00
    52-week range
    ₹1,116.30 – ₹1,673.70
    Volume
    10.40 L
    Open
    ₹1,343.60
    Prev close
    ₹1,355.00
    52-week range, adjusted for splits and bonuses
    ₹1,116.3₹1,673.7
    30 Mar 202620 Nov 2025
    Index membership & F&O
    NIFTY 500NIFTY SMALLCAP 250F&O lot 475

    Price history

    6M change +11.53%RSI (14) 47.0 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 35.4% today vs 37.1% average

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹1,105₹1,190₹1,275₹1,360₹1,4450%25%50%75%100%
    • Delivery
    • NSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Long build-up
    Near-month future
    ₹1,358.2
    Change
    +0.28%
    Basis over spot
    −₹1.80
    Futures OI (shares)
    1.20 Cr
    OI change
    +0.57%
    Put-call ratio
    0.58
    Max pain
    ₹1,400
    Resistance (call OI)
    ₹1,400
    Support (put OI)
    ₹1,400
    Lot size
    475

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    11201200124012801320136014001440148015201560164004.0 L8.0 L12.0 L16.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    57.9
    EPS (TTM)
    ₹22.55
    Price / Book
    14.60
    ROE (FY26)
    24.5%
    ROCE (latest year)
    32%
    Dividend yield
    0.93%
    Net margin (TTM)
    39.9%
    Current ratio
    2.92
    Debt / Equity
    0.00
    Revenue growth (5y)
    27.2%
    EPS growth (5y)
    17.9%

    Moving averages (NSE)

    Simple moving averages of the NSE price, and where the last price sits against each
    5-day10-day20-day50-day100-day300-day
    ₹1,393.74Price below₹1,402.17Price below₹1,379.81Price below₹1,366.94Price below₹1,315.34Price above₹1,350.68Price above

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +27.3%
    Profit 3Y CAGR
    +18.1%
    Revenue YoY (Jun 2026)
    +13.1%
    Profit YoY (Jun 2026)
    +15.7%
    Operating margin
    47.0%
    Net margin
    40.3%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr85 Cr170 Cr255 Cr340 Cr0%20%40%60%80%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Public
    • DII
    • Promoter
    • FII

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-300 Cr0 Cr300 Cr600 Cr900 Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%9%18%27%36%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr500 Cr1.0K Cr1.5K Cr2.0K Cr0.0x0.0x0.0x0.0x0.0x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales207214241257322278224259319304263293
    Expenses798493103122117115129143145147155
    Operating Profit128130148154200161109130176160116138
    OPM %62%61%61%60%62%58%49%50%55%52%44%47%
    Other Income23212930372132362229648
    Interest000000000000
    Depreciation678101213141516171819
    Profit before tax145145168175225168127151183172103167
    Tax %25%26%23%23%28%23%21%32%23%23%23%29%
    Net Profit10910712913416213010010214013380118
    EPS in Rs₹5.21₹5.14₹6.18₹6.42₹7.75₹6.22₹4.80₹4.90₹6.71₹6.38₹3.84₹5.62

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    Central Depository Services Limited is a Market Infrastructure Institution (MII), part of the capital market structure, providing services to all market participants - exchanges, clearing corporations, depository participants (DPs), issuers and investors. It is a facilitator for holding of securities in the dematerialised form and an enabler for securities transactions. [1]

    Strengths

    • Company has reduced debt.
    • Company is almost debt free.
    • Company has a good return on equity (ROE) track record: 3 Years ROE 29.2%
    • Company has been maintaining a healthy dividend payout of 54.3%
    • Company's median sales growth is 23.7% of last 10 years

    Risks

    • Stock is trading at 14.5 times its book value
    • Promoter holding is low: 15.0%

    Compounded Sales Growth

    10 Years
    +25%
    5 Years
    +27%
    3 Years
    +27%
    TTM
    +9%

    Compounded Profit Growth

    10 Years
    +21%
    5 Years
    +18%
    3 Years
    +18%
    TTM
    -5%

    Stock Price CAGR

    10 Years
    —
    5 Years
    +16%
    3 Years
    +27%
    1 Year
    -11%

    Return on Equity

    10 Years
    +26%
    5 Years
    +29%
    3 Years
    +29%
    Last Year
    +25%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter15.00%15.00%15.00%15.00%0.00 pp
    FII11.54%12.40%11.36%8.24%-3.12 pp
    DII14.18%15.12%14.42%15.19%+0.77 pp
    Public59.28%57.49%59.22%61.57%+2.35 pp

    Filed with NSE for Jun 2026: promoters 15.00%, public 85.00% · XBRL filing

    Analysts & fund holdings

    55%
    55% recommend buy
    11 analysts cover the stock
    Valuation vs Capital Markets
    P/E60.5 vs 16.6
    Sector P/B2.14
    Beta1.46

    Who holds the shares, quarter by quarter

    Mutual funds 7.30% (+0.67 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters15.0%
    • Foreign institutions8.2%
    • Mutual funds7.3%
    • Insurance7.7%
    • Other domestic institutions0.2%
    • Retail52.2%
    • Others9.4%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Nippon India Small Cap Fund1.23%0.43%+0.01 pp
    Parag Parikh Flexi Cap Fund1.09%0.22%+0.01 pp
    Axis Small Cap Fund0.48%0.47%+0.00 pp
    Motilal Oswal Small Cap Fund0.41%1.47%+0.26 pp
    SBI ESG Exclusionary Strategy Fund0.37%2.02%+1.04 pp

    Scorecard

    Performance
    Low
    Valuation
    High
    Growth
    Avg
    Profitability
    High
    Entry point
    Avg
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹12.75

      Dividend - Rs 12.75 Per Share

      17 Jul 2026
      ex-date
    • dividend
      ₹12.50

      Dividend - Rs 12.50 Per Share

      7 Aug 2025
      ex-date
    • bonus
      Not available — not reported in this filing

      Bonus 1:1

      23 Aug 2024
      ex-date
    • dividend
      ₹19.00

      Dividend - Rs 19/ Special Dividend - Rs 3 Per Share

      16 Jul 2024
      ex-date
    • dividend
      ₹16.00

      Dividend - Rs 16 Per Share

      25 Aug 2023
      ex-date
    • dividend
      ₹15.00

      Dividend - Rs 15 Per Share

      7 Sept 2022
      ex-date
    • dividend
      ₹9.00

      Annual General Meeting/Dividend - Rs 9 Per Share

      13 Sept 2021
      ex-date
    • dividend
      ₹4.50

      Dividend - Rs 4.50 Per Share

      7 Sept 2020
      ex-date
    • dividend
      ₹4.00

      Annual General Meeting/Dividend - Rs 4 Per Share

      6 Sept 2019
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend Rs - 3.50 Per Share

      9 Aug 2018
      ex-date

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Regulatory orders

    • Order

      Order in the matter of Avil Menezes vs. Central Depository Services (India) Limited and Ors. (IA 2590 of 2025 in CP No. 1113 of 2022)

      31 Oct 2025
      Read on SEBI
    • Settlement order

      Settlement Order in respect of Central Depository Services (India) Ltd.

      27 Aug 2024
      Read on SEBI
    • Adjudication order

      Adjudication Order in respect of Central Depository Services (India) Limited and National Securities Depository Limited in the matter of Kyra Landscapes Ltd.

      29 Nov 2019
      Read on SEBI
    • Order

      Order in respect of The Central Depository Services (India) Ltd. and G.M. Bosu and Co. Pvt. Ltd

      20 Aug 2010
      Read on SEBI
    • Order

      In the matter of Central Depository Services (India) Limited

      14 Jan 2009
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 25 Jan 2025 (audited). View the source filing. Figures are as filed and are not investment advice.