National Securities Depository

    NSDL
    NBFC
    ₹705.30
    Price as of 25 Oct 2026, 10:28 pm IST

    Market cap ₹14,106 Cr

    P/E
    36.32
    Day range
    ₹702.05 – ₹723.95
    52-week range
    ₹702.05 – ₹1,198.00
    Volume
    4.07 L
    Open
    ₹720.70
    Prev close
    ₹720.65

    No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.

    Research profile

    Factor percentiles

    Value37
    Quality72
    Momentum—
    Low volatility—

    Derived metrics

    Earn. yield
    2.8%
    Graham no.
    ₹227.13
    vs Graham
    -67.8%
    ROE ÷ P/B
    2.9%

    Appears in 4 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 68 in NBFC
    Largest NBFC companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    Bajaj FinanceBAJFINANCE₹5.78 L Cr26.674.7618.4%10.9%—4.08+22.8%
    National Stock Exchange of IndiaNSE₹4.13 L Cr39.37—33.0%41.0%78.0%0.01—
    Bajaj FinservBAJAJFINSV₹2.65 L Cr26.273.4526.2%11.0%41.0%5.52+19.1%
    Shriram FinanceSHRIRAMFIN₹2.04 L Cr14.421.8216.4%11.5%—2.12+15.8%
    Jio Financial ServicesJIOFIN₹1.35 L Cr77.961.051.2%2.0%63.0%0.32+73.2%
    BSE LtdBSE₹1.31 L Cr47.0019.9144.8%60.0%67.0%0.00+63.5%
    ICICI Prudential Asset Management CompanyICICIAMC₹1.31 L Cr37.6725.1985.8%115.0%73.0%0.00+16.3%
    National Securities DepositoryNSDL₹14,106 Cr36.325.9717.4%22.0%20.0%0.01+65.7%
    Sector median₹26,914 Cr20.192.7115.3%11.4%54.0%1.74+20.3%

    Sector as classified in the tracked universe; medians use every tracked NBFC company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 6d ago

    Headlines about National Securities Depository from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    36.3
    Price / Book
    5.98
    ROE (FY26)
    17.4%
    ROCE (latest year)
    22%
    Dividend yield
    0.57%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +14.4%
    Profit 3Y CAGR
    +17.4%
    Revenue YoY (Jun 2026)
    +65.7%
    Profit YoY (Jun 2026)
    +8.9%
    Operating margin
    20.0%
    Net margin
    19.0%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr200 Cr400 Cr600 Cr
    • Revenue
    • Net profit

    Operating margin

    Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 20260%20%40%

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Public
    • DII
    • FII

    Cash flows

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

    Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-1K Cr-500 Cr0 Cr500 Cr1K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY21FY22FY23FY24FY25FY260%10%20%30%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr1K Cr2K Cr3K Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260x0.5x1x

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales337357363364312400360458517
    Expenses257244272272217273254356416
    Operating Profit80113919195127106103101
    OPM %24%32%25%25%30%32%29%22%20%
    Other Income282929313532352944
    Interest111121222
    Depreciation889101011131414
    Profit before tax100133110111118146125116129
    Tax %22%28%22%25%24%24%29%22%24%
    Net Profit7896868390110909098
    EPS in Rs₹3.89₹4.81₹4.29₹4.16₹4.48₹5.52₹4.48₹4.51₹4.91

    From company filings, updated 24 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days41

    -44 days since Mar 2021

    Cash Conversion Cycle41

    -44 days since Mar 2021

    Working Capital Days-279

    -27 days since Mar 2021

    Strengths, risks & growth

    Incorporated in 2012, National Securities Depository Ltd provides electronic infrastructure for dematerialization of securities and facilitates electronic settlement of trades in Indian Securities Market [1]

    Strengths

    • Company is almost debt free.
    • Company is expected to give good quarter

    Risks

    • Debtor days have increased from 32.7 to 40.8 days.

    Compounded Sales Growth

    10 Years
    —
    5 Years
    +27%
    3 Years
    +14%
    TTM
    +24%

    Compounded Profit Growth

    10 Years
    —
    5 Years
    +13%
    3 Years
    +15%
    TTM
    +9%

    Stock Price CAGR

    10 Years
    —
    5 Years
    —
    3 Years
    —
    1 Year
    -40%

    Return on Equity

    10 Years
    —
    5 Years
    +17%
    3 Years
    +17%
    Last Year
    +16%

    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
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    FII14.54%14.40%11.69%8.24%-3.45 pp
    DII37.85%37.64%37.75%38.18%+0.43 pp
    Public47.62%47.96%50.55%53.59%+3.04 pp

    Analysts & fund holdings

    50%
    50% recommend buy
    4 analysts cover the stock
    Valuation vs Capital Markets
    P/E36.3 vs 16.4
    Sector P/B2.12

    Who holds the shares, quarter by quarter

    Mutual funds 0.46% (+0.10 pp)
    Aug 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters0.0%
    • Foreign institutions7.7%
    • Mutual funds0.5%
    • Insurance1.9%
    • Other domestic institutions35.8%
    • Retail32.2%
    • Others21.9%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Baroda BNP Paribas Multi Cap Fund0.20%0.92%-0.10 pp
    ICICI Pru Children's Fund0.10%1.10%+1.10 pp
    WOC Banking & Financial Services Fund0.04%0.87%-0.10 pp
    WOC Mid Cap Fund0.03%0.05%-0.02 pp
    Baroda BNP Paribas Balanced Advantage Fund0.02%0.07%-0.01 pp

    Scorecard

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

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

    Corporate actions

    No dividends, splits or bonuses recorded for this company yet.

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation regarding conference call organised by ICICI Securities (Q2FY27 Results Conference Call) to be held on Monday, November 02, 2026, at 04:30 p.m.

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Receipt of approval from SEBI for re-appointment of Mr. Sriram Krishnan as NID on the Board of NSDL

    Board MeetingPrice-sensitive
    Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results For The Quarter & Half Year Ended September 30, 2026

    National Securities Depository Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/10/2026 ,inter alia, to consider and approve the Unaudited ....

    Company Update
    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Certificate under Regulation 74(5) of SEBI D&P Regulations, 2018 for the quarter ended September 30, 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Change in Senior Management Personnel of the company

    Insider Trading / SAST
    Closure of Trading Window

    Closure of Trading window for the quarter ended September 30, 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation regarding Analyst/Investor Meetings dated September 28, 2026

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Voting Results and Scrutinizer Report of the 14th AGM held on September 22, 2026.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Proceedings of 14th Annual General Meeting of the Company held on September 22, 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Intimation regarding joining of Mr. Ankit Sharma as ED - Vertical 2

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Intimation for appointment of Dr. Arun Kumar Panda as Public Interest Director of the Company.

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Advertisement regarding the Notice of 14th AGM, e-voting information, Record date, Book closure date and Final dividend.

    Company Update
    Communication Sent To Shareholder Pursuant To Regulation 36(1)(B) Of SEBI (LODR) Regulations, 2015

    Letter to the Members providing the web-link for accessing the Annual Report for the FY 2025-26 along with the Notice of AGM

    Corp. Action
    Intimation Of Book Closure For The 14Th AGM Of The Company

    Book closure under Regulation 42 of SEBI LODR.

    AGM/EGMPrice-sensitive
    Notice Of 14Th Annual General Meeting For The Financial Year Ended March 31, 2026

    Notice of AGM and other relevant information under Reg. 42 of SEBI LODR.

    Filed with BSE (scrip 544467); the last 45 days. Documents open at bseindia.com.

    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

    • Settlement order

      Settlement Order in the matter of non-compliance of Hon’ble SAT order dated October 12, 2022 by National Securities Depository Limited (NSDL)

      17 Oct 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 the matter of National Securities Depository Limited [SAT Appeal No.207/2005]

      7 Mar 2017
      Read on SEBI
    • Order

      In the matter of National Securities Depository Limited

      30 Aug 2013
      Read on SEBI
    • Order

      In the matter of National Securities Depository Limited

      6 Aug 2013
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

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

    FAQ

    National Securities Depository: common questions

    Answered from the figures on this page.

    National Securities Depository last traded at ₹705.30 (NSE, as of 25 Oct 2026). The last session moved it down 2.13%.

    National Securities Depository is valued at about ₹14,106 crore (NSE, as of 25 Oct 2026).

    National Securities Depository trades at a price-to-earnings ratio of 36.32 (NSE, as of 25 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    National Securities Depository has traded between ₹702.05 and ₹1,198.00 over the past 52 weeks, to 25 Oct 2026. It is currently 1% of the way up that range.

    National Securities Depository (NSDL) is classified under NBFC on this site's screener.