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National Securities Depository Ltd

NSDL Share Price

967.651.17% (-11.45)
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With a market cap of ₹19,582 cr, stock is ranked 344

Stock is 3.98x as volatile as Nifty

NSDL Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

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

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹19,582 cr, stock is ranked 344

Stock is 3.98x as volatile as Nifty

NSDL Performance & Key Metrics

NSDL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
52.519.760.20%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
17.992.450.99%

NSDL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
40%
Analysts have suggested that investors can buy this stock

from 5 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

NSDL Company Profile

National Securities Depository Limited (NSDL) is a market infrastructure institution in India that provides depository and technology-driven services for the capital markets.

NSDL Similar Stocks (Peers)

Compare with peers Compare with peers 

NSDL Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
85.92
85.92
1Y Return
60.17%
60.17%
Buy Reco %
64.29
64.29
PE Ratio
114.89
114.89
1Y Return
125.74%
125.74%
Buy Reco %
70.00
70.00
PE Ratio
49.86
49.86
1Y Return
11.51%
11.51%
Buy Reco %
100.00
100.00
PE Ratio
52.39
52.39
1Y Return
3.89%
3.89%
Buy Reco %
41.67
41.67
PE Ratio
35.69
35.69
1Y Return
1.16%
1.16%
Buy Reco %
100.00
100.00
Compare with Peers

NSDL Sentiment Analysis

NSDL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

NSDL Stock Summary · November 2025

In Q2 FY 2025-26, the company demonstrated resilience with an 18.9% year-over-year increase in total income, driven by strong operational performance despite a 39% decline in new DEMAT account additions. The Average Daily Turnover in the cash segment grew by 8.9%, reflecting ongoing trading activity and investor confidence, while the management's commitment to technology and process innovation is evident through initiatives aimed at enhancing customer experience. Joint awareness campaigns with SEBI reached over 79 million investors, reinforcing the company's focus on financial literacy and trust-building. However, rising custody fees and increased competition in the unlisted segment pose challenges, necessitating a strategic approach to maintain market share and operational efficiency. Overall, the company is well-positioned for growth in the expanding Indian capital markets, leveraging its strong cash-generating ability and technological advancements.

NSDL Stock Growth Drivers
NSDL Stock Growth Drivers
6
  • Strong Financial Performance

    In the second quarter of FY '26, the company reported a standalone total income of

  • Market Share Growth in DEMAT Accounts

    The company achieved an incremental market share of 17.6% in DEMAT account additions, a significant

NSDL Stock Challenges
NSDL Stock Challenges
5
  • Decline in DEMAT Account Additions

    The company has experienced a significant decline in incremental DEMAT account additions, with a 39%

  • Concerns Over Market Share and Competition

    There are concerns regarding potential market share loss in the unlisted segment due to increased

NSDL Forecast

NSDL Forecasts

Price

Revenue

Earnings

NSDL

NSDL

Income

Balance Sheet

Cash Flow

NSDL Income Statement

NSDL 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 32.3%, 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 8.31% to 18.49%

Lower 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 22.43%, vs industry avg of 31.86%

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Financial YearFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue379.35524.30821.291,099.821,365.701,537.591,567.92
Raw Materialssubtract0.000.000.000.000.000.001,016.68
Power & Fuel Costsubtract2.241.531.681.681.752.32
Employee Costsubtract73.4488.06103.79109.81123.20138.53
Selling & Administrative Expensessubtract61.9391.6342.5954.0955.4184.49
Operating & Other expensessubtract65.6078.62373.92605.98804.21819.30
Depreciation/Amortizationsubtract12.8317.0218.9321.6924.1235.4044.25
Interest & Other Itemssubtract1.100.862.181.522.064.106.22
Taxes & Other Itemssubtract37.4658.0165.6170.2379.50110.32127.83
EPS6.249.4310.6311.7413.7717.1618.65
DPS0.801.005.001.001.002.002.00
Payout ratio0.130.110.470.090.070.120.11

NSDL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2025FY 2025

Annual report

PDF
 

NSDL Stock Peers

NSDL Past Performance & Peer Comparison

NSDL Past Performance & Peer Comparison

Comparing 3 stocks from 
FinancialsStock Exchanges & Ratings

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
National Securities Depository Ltd57.079.760.20%
BSE Ltd85.9224.900.27%
Multi Commodity Exchange of India Ltd114.8934.140.24%
CRISIL Ltd49.8613.301.20%

NSDL Stock Price Comparison

Compare NSDL with any stock or ETF
Compare NSDL with any stock or ETF
NSDL
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NSDL Holdings

NSDL Shareholdings

NSDL Promoter Holdings Trend

NSDL 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

NSDL Institutional Holdings Trend

NSDL 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 2.70%

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 1.36%

Tickertape Separator

NSDL Shareholding Pattern

NSDL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%0.45%37.40%14.54%47.61%

Jul 2025

Aug 2025

Sep 2025

Dec 2025

NSDL Shareholding History

NSDL Shareholding History

JulJunJulAugSepDec '250.00%15.57%0.00%15.57%15.90%14.54%

Mutual Funds Invested in NSDL

Mutual Funds Invested in NSDL

No mutual funds holding trends are available

Top 5 Mutual Funds holding National Securities Depository Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.2179%0.06%-0.02%244/253 (-9)
0.1226%0.26%-0.06%132/139 (-9)
0.0648%0.57%-0.07%84/112 (-11)

Compare 3-month MF holding change on Screener

NSDL Insider Trades & Bulk Stock Deals

NSDL Insider Trades & Bulk Stock Deals

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smallcases containing NSDL stock

smallcases containing NSDL stock

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NSDL Events

NSDL Events

NSDL Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

NSDL has shown inconsistent dividend trend 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 0.20%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.04 every year

Dividends

Corp. Actions

Announcements

Legal Orders

NSDL Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

NSDL has shown inconsistent dividend trend 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 0.20%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.04 every year

NSDL Upcoming Dividends

NSDL Upcoming Dividends

No upcoming dividends are available

NSDL Past Dividends

NSDL Past Dividends

Cash Dividend

Ex DateEx DateSep 19, 2025

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Sep 19, 2025

NSDL Stock News & Opinions

NSDL Stock News & Opinions

Earnings
National Securities Depository consolidated net profit rises 4.44% in the December 2025 quarter

Net profit of National Securities Depository rose 4.44% to Rs 89.61 crore in the quarter ended December 2025 as against Rs 85.80 crore during the previous quarter ended December 2024. Sales declined 0.81% to Rs 359.63 crore in the quarter ended December 2025 as against Rs 362.55 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales359.63362.55 -1 OPM %29.4925.08 - PBDT138.88118.96 17 PBT125.47109.63 14 NP89.6185.80 4 Powered by Capital Market - Live

3 days agoCapital Market - Live
Corporate
National Securities Depository to table results

National Securities Depository will hold a meeting of the Board of Directors of the Company on 28 January 2026.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Board of NSDL approves dilution of stake in NSDL Payments Bank by 4.95%

The board of National Securities Depository (NSDL) has approved for dilution of its shareholding in NSDL Payments Bank (NPBL) by 4.95%. Accordingly, NPBL, a wholly owned subsidiary of the Company, has executed the Share Subscription Agreement and the Shareholders' Agreement with Protean eGov Technologies (Protean) for the issuance and allotment of 93,74,014 equity shares of face value Rs.10/- each at an issue price of Rs. 32.22/- per share (including share premium of Rs. 22.22/- per share) aggregating to Rs. 30,20,30,731/-  to Protean by way of private placement, subject to statutory and regulatory requirements. Consequent to the said transaction, the direct shareholding of NSDL in NPBL shall stand diluted from 88.89% to 84.49% and total shareholding (direct and indirect) of NSDL in NPBL, which constitutes to 100%, shall be reduced to 95.05%, however the number of equity shares held by the Company in NBPL remains unchanged. Consequently, NPBL will cease to be a wholly owned subsidiary, however it will continue to be a subsidiary of the Company.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
National Securities Depository consolidated net profit rises 14.75% in the September 2025 quarter

Net profit of National Securities Depository rose 14.75% to Rs 110.39 crore in the quarter ended September 2025 as against Rs 96.20 crore during the previous quarter ended September 2024. Sales rose 12.15% to Rs 400.04 crore in the quarter ended September 2025 as against Rs 356.70 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales400.04356.70 12 OPM %31.6431.65 - PBDT157.29141.19 11 PBT146.19133.07 10 NP110.3996.20 15 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
National Securities Depository to declare Quarterly Results

National Securities Depository will hold a meeting of the Board of Directors of the Company on 13 November 2025.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
National Securities Depository to convene AGM

National Securities Depository announced that the 13th Annual General Meeting(AGM) of the company will be held on 29 September 2025.Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
Board of National Securities Depository recommends final dividend

National Securities Depository announced that the Board of Directors of the Company at its meeting held on 23 May 2025, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live

5 months agoCapital Market - Live
Spotlight
NSDL posts 24% YoY rise in Q1 PAT; demat account market share rises to 15.5%

Total expenses rose by 15.4% YoY to Rs 80.9 crore in Q1 FY26. Profit before tax (PBT) in Q1 FY26 was at Rs 109.5 crore, up by 26.8% from Rs 86.3 crore posted in Q1 FY25. NSDL's demat account (net BO A/C) market share increased from 9.4% Q1 FY25 to 15.5% in Q1FY26 and crossed 4 crores account as of 30 June 2025. The company's market share increased in unlisted market as the number of companies admitted in Q1 FY26 stood at 10,392, with overall market share 73.2% (equity) compared with Q1 FY 25 at 70.8%. Its market share by total demat custody value was 86.6%. National Securities Depository is one of the largest depositories in the world. The depository has established a state-of-the-art infrastructure that handles most of the securities held and settled in dematerialized form in the Indian capital market. The scrip fell 3.63% to currently trade at Rs 1242.05 on the BSE. Powered by Capital Market - Live

5 months agoCapital Market - Live
Spotlight
National Securities Depository Ltd leads gainers in 'B' group

Orient Press Ltd, Laxmi India Finance Ltd, M & B Engineering Ltd and Premier Polyfilm Ltd are among the other gainers in the BSE's 'B' group today, 08 August 2025.National Securities Depository Ltd soared 18.06% to Rs 1326 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 412.8 lakh shares were traded on the counter so far as against the average daily volumes of 441.17 lakh shares in the past one month. Orient Press Ltd surged 15.28% to Rs 97.99. The stock was the second biggest gainer in 'B' group. On the BSE, 512 shares were traded on the counter so far as against the average daily volumes of 1602 shares in the past one month. Laxmi India Finance Ltd spiked 14.32% to Rs 169.25. The stock was the third biggest gainer in 'B' group. On the BSE, 29.27 lakh shares were traded on the counter so far as against the average daily volumes of 7.36 lakh shares in the past one month. M & B Engineering Ltd jumped 13.60% to Rs 474. The stock was the fourth biggest gainer in 'B' group. On the BSE, 7.91 lakh shares were traded on the counter so far as against the average daily volumes of 11.03 lakh shares in the past one month. Premier Polyfilm Ltd exploded 12.31% to Rs 51.27. The stock was the fifth biggest gainer in 'B' group. On the BSE, 26056 shares were traded on the counter so far as against the average daily volumes of 10669 shares in the past one month. Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
National Securities Depository announces board meeting date

National Securities Depository will hold a meeting of the Board of Directors of the Company on 12 August 2025.Powered by Capital Market - Live

5 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of National Securities Depository Ltd (NSDL) today?

    The share price of NSDL as on 1st February 2026 is ₹967.65. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on National Securities Depository Ltd (NSDL) share?

    The past returns of National Securities Depository Ltd (NSDL) share are
    • Past 1 week: -2.20%
    • Past 1 month: -7.39%
    • Past 3 months: -16.47%
    • Past 6 months: 4.60%
    • Past 1 year: 4.60%
    • Past 3 years: N/A%
    • Past 5 years: 4.60%

  3. What are the peers or stocks similar to National Securities Depository Ltd (NSDL)?
  4. What is the dividend yield % of National Securities Depository Ltd (NSDL) share?

    The current dividend yield of National Securities Depository Ltd (NSDL) is 0.20.

  5. What is the market cap of National Securities Depository Ltd (NSDL) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of National Securities Depository Ltd (NSDL) is ₹19582 Cr as of 1st February 2026.

  6. What is the 52 week high and low of National Securities Depository Ltd (NSDL) share?

    The 52-week high of National Securities Depository Ltd (NSDL) is ₹1425 and the 52-week low is ₹880.

  7. What is the PE and PB ratio of National Securities Depository Ltd (NSDL) stock?

    The P/E (price-to-earnings) ratio of National Securities Depository Ltd (NSDL) is 57.07. The P/B (price-to-book) ratio is 9.76.

  8. Which sector does National Securities Depository Ltd (NSDL) belong to?

    National Securities Depository Ltd (NSDL) belongs to the Financials sector & Stock Exchanges & Ratings sub-sector.

  9. How to buy National Securities Depository Ltd (NSDL) shares?

    You can directly buy National Securities Depository Ltd (NSDL) shares on Tickertape. Simply sign up, connect your demat account and place your order.