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Central Depository Services (India) Ltd

CDSL Share Price

1,543.800.49% (+7.50)
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With a market cap of ₹32,108 cr, stock is ranked 262

Stock is 3.17x as volatile as Nifty

CDSL Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹32,108 cr, stock is ranked 262

Stock is 3.17x as volatile as Nifty

CDSL Performance & Key Metrics

CDSL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
67.8817.800.81%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
17.902.430.98%

CDSL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
45%
Analysts have suggested that investors can buy this stock

from 11 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

CDSL Company Profile

Central Depository Services Ltd is a provider of depository services

Investor Presentation

View older View older 

Nov 1, 2025

PDF
View Older Presentations

CDSL Similar Stocks (Peers)

Compare with peers Compare with peers 

CDSL Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
84.94
84.94
1Y Return
81.43%
81.43%
Buy Reco %
57.14
57.14
PE Ratio
92.16
92.16
1Y Return
60.25%
60.25%
Buy Reco %
62.50
62.50
PE Ratio
47.32
47.32
1Y Return
17.56%
17.56%
Buy Reco %
50.00
50.00
PE Ratio
62.66
62.66
1Y Return
14.86%
14.86%
Buy Reco %
50.00
50.00
PE Ratio
34.24
34.24
1Y Return
9.08%
9.08%
Buy Reco %
100.00
100.00
Compare with Peers

CDSL Sentiment Analysis

CDSL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

CDSL Stock Summary · August 2025

In Q1 FY '26, the company demonstrated robust growth in average daily turnover, reflecting positive market sentiment, yet faced challenges with declining net profit amid fluctuating market conditions. Efforts to empower retail investors through enhanced app features and educational initiatives aim to boost engagement and transparency, while technological advancements are prioritized to ensure operational resilience. Despite gaining market share in Demat accounts, the company grapples with declining KYC revenue and increased employee expenses, complicating profitability forecasts. A competitive pricing strategy is in place to attract a diverse client base, although recent EBITDA margin fluctuations raise concerns about long-term sustainability. Overall, the focus remains on innovation and adapting to market dynamics to foster growth and enhance financial performance.

CDSL Stock Growth Drivers
CDSL Stock Growth Drivers
8
  • Significant Growth in Operations

    In Q1 FY '25-'26, the company reported substantial growth, with average daily turnover at BSE

  • Innovative Investor Empowerment Initiatives

    The company introduced a new feature in its investor app, allowing retail shareholders to access

CDSL Stock Challenges
CDSL Stock Challenges
5
  • Decline in KYC Revenue

    The company has experienced a decline in KYC revenue, which has dropped sequentially for three

  • Decreased Income from Unlisted Companies

    Income from unlisted companies has significantly decreased, with reported figures dropping from approximately INR 36

CDSL Forecast

CDSL Forecasts

Price

Revenue

Earnings

CDSL

CDSL

Income

Balance Sheet

Cash Flow

CDSL Income Statement

CDSL Income Statement

Industry refers to the sub-sector this company belongs to.
Higher than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 33.42%, vs industry avg of 27.14%

Increasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 6.23% to 14.45%

Higher than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 37.75%, vs industry avg of 31.86%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue186.85225.68245.44284.26400.64605.90620.94907.311,201.921,191.96
Raw Materialssubtract0.000.000.000.000.000.000.000.000.00503.83
Power & Fuel Costsubtract0.670.650.520.440.510.551.001.152.08
Employee Costsubtract24.8730.3434.1947.2941.3350.5480.8596.43121.93
Selling & Administrative Expensessubtract17.6722.2921.2035.8626.2540.4754.4477.59118.04
Operating & Other expensessubtract23.3724.0331.4152.4563.8094.3299.88148.78215.89
Depreciation/Amortizationsubtract3.706.959.9211.739.2011.4619.4827.2348.9858.55
Interest & Other Itemssubtract0.000.000.000.030.020.010.130.110.100.15
Taxes & Other Itemssubtract30.7838.2434.6930.2959.1897.3789.21136.90168.27156.43
EPS2.053.295.435.089.5914.8913.2020.0525.2022.63
DPS1.501.752.002.254.507.508.0011.0012.5012.50
Payout ratio0.730.530.370.440.470.500.610.550.500.55

CDSL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

Nov 1PDF
Jul 26PDF
FY 2025FY 2025

Annual Report Unavailable

Investor Presentation

May 3PDF
Jan 25PDF
FY 2024FY 2024

Annual Report Unavailable

Investor Presentation

Aug 5PDF
FY 2023FY 2023

Annual Report Unavailable

Investor Presentation

May 2PDF
Feb 2PDF
Oct 27PDF
Aug 1PDF
FY 2022FY 2022

Annual Report Unavailable

Investor Presentation

May 2PDF
 

CDSL Stock Peers

CDSL Past Performance & Peer Comparison

CDSL Past Performance & Peer Comparison

Comparing 3 stocks from 
FinancialsStock Exchanges & Ratings

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Central Depository Services (India) Ltd60.9717.800.81%
BSE Ltd84.9424.610.28%
Multi Commodity Exchange of India Ltd92.1627.390.30%
CRISIL Ltd47.3212.621.26%

CDSL Stock Price Comparison

Compare CDSL with any stock or ETF
Compare CDSL with any stock or ETF
CDSL
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CDSL Holdings

CDSL Shareholdings

CDSL Promoter Holdings Trend

CDSL Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

CDSL Institutional Holdings Trend

CDSL Institutional Holdings Trend

Increased Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 1.82%

Decreased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 1.35%

Tickertape Separator

CDSL Shareholding Pattern

CDSL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding15.00%6.22%7.95%11.54%59.28%

Dec 2024

Mar 2025

Jun 2025

Sep 2025

CDSL Shareholding History

CDSL Shareholding History

AugSepDec '24MarJunSep14.03%13.77%17.15%11.34%12.90%11.54%

Mutual Funds Invested in CDSL

Mutual Funds Invested in CDSL

No mutual funds holding trends are available

Top 5 Mutual Funds holding Central Depository Services (India) Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.2437%0.58%0.01%45/252 (-4)
1.1092%0.29%-0.01%31/178 (+2)
0.6415%0.77%0.02%83/156 (-1)

Compare 3-month MF holding change on Screener

CDSL Insider Trades & Bulk Stock Deals

CDSL Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing CDSL stock

smallcases containing CDSL stock

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Central Depository Services (India) Ltd

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Digital Inclusion Theme

Digital Inclusion Theme

Created by Windmill Capital

CDSL's Wtg.
6.75%
6.75%
CAGR
13.39%
Zero Debt Model

Zero Debt Model

Created by Windmill Capital

CDSL's Wtg.
8.33%
8.33%
CAGR
15.43%
Capital Markets Tracker

Capital Markets Tracker

Created by Windmill Capital

CDSL's Wtg.
5.35%
5.35%
CAGR
32.50%

CDSL Events

CDSL Events

CDSL Dividend Trend

Increasing Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

CDSL has increased dividends consistently over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.81%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.14 every year

Dividends

Corp. Actions

Announcements

Legal Orders

CDSL Dividend Trend

Increasing Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

CDSL has increased dividends consistently over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.81%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.14 every year

CDSL Upcoming Dividends

CDSL Upcoming Dividends

No upcoming dividends are available

CDSL Past Dividends

CDSL Past Dividends

Cash Dividend

Ex DateEx DateAug 7, 2025

Final
Final | Div/Share: ₹12.50

Dividend/Share

12.50

Ex DateEx Date

Aug 7, 2025

Cash Dividend

Ex DateEx DateJul 16, 2024

Special
Special | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Jul 16, 2024

Cash Dividend

Ex DateEx DateJul 16, 2024

Final
Final | Div/Share: ₹19.00

Dividend/Share

19.00

Ex DateEx Date

Jul 16, 2024

Cash Dividend

Ex DateEx DateAug 25, 2023

Final
Final | Div/Share: ₹16.00

Dividend/Share

16.00

Ex DateEx Date

Aug 25, 2023

Cash Dividend

Ex DateEx DateSep 7, 2022

Final
Final | Div/Share: ₹15.00

Dividend/Share

15.00

Ex DateEx Date

Sep 7, 2022

CDSL Stock News & Opinions

CDSL Stock News & Opinions

Earnings
Central Depository Services (India) consolidated net profit declines 13.46% in the September 2025 quarter

Net profit of Central Depository Services (India) declined 13.46% to Rs 140.22 crore in the quarter ended September 2025 as against Rs 162.03 crore during the previous quarter ended September 2024. Sales declined 1.05% to Rs 318.89 crore in the quarter ended September 2025 as against Rs 322.26 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales318.89322.26 -1 OPM %55.2962.00 - PBDT198.75236.62 -16 PBT182.65224.69 -19 NP140.22162.03 -13 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Central Depository Services (India) to discuss results

Central Depository Services (India) will hold a meeting of the Board of Directors of the Company on 1 November 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
CDSL slumps after Q1 PAT slides 24% YoY

Compared to Q1 March 2025, consolidated net profit grew 2%, while net sales rose 15% in Q2 June 2025. Profit before tax (PBT) stood at Rs 151.18 crore for Q2 June 2025, down 13.43% year-on-year but up 18.85% quarter-on-quarter. CDSL is Asia's only listed depository, maintaining and providing services to 15.86+ crore investors. It provides services to a broad spectrum of the capital market entities, including depository participants, issuers, investors, RTAs, clearing corporations, exchanges. CDSL became the first depository to surpass 15.86 crore demat accounts as of 30 June 2025. During Q1 FY 2025-26, over 56 lakh new demat accounts were opened. Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Central Depository Services (India) consolidated net profit declines 23.72% in the June 2025 quarter

Net profit of Central Depository Services (India) declined 23.72% to Rs 102.37 crore in the quarter ended June 2025 as against Rs 134.20 crore during the previous quarter ended June 2024. Sales rose 0.55% to Rs 258.81 crore in the quarter ended June 2025 as against Rs 257.39 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales258.81257.39 1 OPM %50.2660.00 - PBDT166.38184.43 -10 PBT151.18174.63 -13 NP102.37134.20 -24 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Central Depository Services (India) to hold board meeting

Central Depository Services (India) will hold a meeting of the Board of Directors of the Company on 26 July 2025.Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Central Depository Services (India) to conduct AGM

Central Depository Services (India) announced that the Annual General Meeting(AGM) of the company will be held on 14 August 2025.Powered by Capital Market - Live

4 months agoCapital Market - Live
Spotlight
CDSL slips after Q4 PAT drops 22% YoY

On a consolidated basis, CDSL's net profit decreased by 22% year-on-year and 23% quarter-on-quarter to Rs 100 crore in Q4 March 2025. Total income fell by 4% YoY and 14% QoQ to Rs 256 crore during the quarter. Profit before tax declined by 24.47% YoY and 24.46% QoQ to Rs 127.20 crore during the quarter. Annually, CDSL's consolidated net profit is at Rs 526 crore in FY25 compared with Rs 420 crore in FY24, registering an increase of 25% YoY. Total income grew by 32% YoY to Rs 1199 crore. PBT jumped 25% to Rs 694.90 crore in FY25. The board has recommended a final dividend of Rs 12.50 per equity share for the financial year 2024-25, subject to the approval of the shareholders. CDSL became the first depository to register 15.29+ crore demat accounts as on 31 March 2025. During the FY 2024-25, approximately 3.73 crore new demat accounts were opened. CDSL offers depository services. It plays a crucial role as the Indian Market Infrastructure Institution (MII), facilitating electronic holding and transaction of securities and facilitates settlement of trades. It provides services to a broad spectrum of the capital market entities, including depository participants, issuers, investors, RTAs, clearing corporations, exchanges. Powered by Capital Market - Live

7 months agoCapital Market - Live
Earnings
Central Depository Services (India) consolidated net profit declines 22.40% in the March 2025 quarter

Net profit of Central Depository Services (India) declined 22.40% to Rs 100.31 crore in the quarter ended March 2025 as against Rs 129.26 crore during the previous quarter ended March 2024. Sales declined 6.78% to Rs 224.45 crore in the quarter ended March 2025 as against Rs 240.78 crore during the previous quarter ended March 2024. For the full year,net profit rose 25.66% to Rs 526.64 crore in the year ended March 2025 as against Rs 419.11 crore during the previous year ended March 2024. Sales rose 33.23% to Rs 1082.21 crore in the year ended March 2025 as against Rs 812.26 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales224.45240.78 -7 1082.21812.26 33 OPM %48.7361.42 -57.6960.12 - PBDT141.49176.42 -20 743.89583.25 28 PBT127.20168.40 -24 694.90556.01 25 NP100.31129.26 -22 526.64419.11 26 Powered by Capital Market - Live

7 months agoCapital Market - Live
Corporate
Board of Central Depository Services (India) recommends Final Dividend

Central Depository Services (India) announced that the Board of Directors of the Company at its meeting held on 03 May 2025, has recommended a Final Dividend of Rs.12.50% per share (i.e.125%), subject to the approval of the shareholders.Powered by Capital Market - Live

7 months agoCapital Market - Live
Corporate
Central Depository Services (India) to convene board meeting

Central Depository Services (India) will hold a meeting of the Board of Directors of the Company on 3 May 2025.Powered by Capital Market - Live

7 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Central Depository Services (India) Ltd (CDSL) today?

    The share price of CDSL as on 5th December 2025 is ₹1543.80. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Central Depository Services (India) Ltd (CDSL) share?

    The past returns of Central Depository Services (India) Ltd (CDSL) share are
    • Past 1 week: -4.30%
    • Past 1 month: -2.36%
    • Past 3 months: 1.78%
    • Past 6 months: -9.70%
    • Past 1 year: -10.61%
    • Past 3 years: 148.42%
    • Past 5 years: 461.66%

  3. What are the peers or stocks similar to Central Depository Services (India) Ltd (CDSL)?

    The peers or stocks similar to Central Depository Services (India) Ltd (CDSL) include:

  4. What is the dividend yield % of Central Depository Services (India) Ltd (CDSL) share?

    The current dividend yield of Central Depository Services (India) Ltd (CDSL) is 0.81.

  5. What is the market cap of Central Depository Services (India) Ltd (CDSL) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Central Depository Services (India) Ltd (CDSL) is ₹32108.67 Cr as of 5th December 2025.

  6. What is the 52 week high and low of Central Depository Services (India) Ltd (CDSL) share?

    The 52-week high of Central Depository Services (India) Ltd (CDSL) is ₹1989.80 and the 52-week low is ₹1047.45.

  7. What is the PE and PB ratio of Central Depository Services (India) Ltd (CDSL) stock?

    The P/E (price-to-earnings) ratio of Central Depository Services (India) Ltd (CDSL) is 60.97. The P/B (price-to-book) ratio is 17.80.

  8. Which sector does Central Depository Services (India) Ltd (CDSL) belong to?

    Central Depository Services (India) Ltd (CDSL) belongs to the Financials sector & Stock Exchanges & Ratings sub-sector.

  9. How to buy Central Depository Services (India) Ltd (CDSL) shares?

    You can directly buy Central Depository Services (India) Ltd (CDSL) shares on Tickertape. Simply sign up, connect your demat account and place your order.