Is Central Depository Services (India) (CDSL) overvalued or fairly valued?

MarketChacha shows Central Depository Services (India)'s valuation in context — a forward P/E of about 45.9, a price-to-book of about 14.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Central Depository Services (India)'s revenue?

Central Depository Services (India) reported revenue of ₹1,145 Cr for FY2026, with net profit of ₹456 Cr, per official filings.

What is the share price of Central Depository Services (India) (CDSL)?

Central Depository Services (India) last traded at ₹1,365.20 (-1.9% on the day), as of 9/2/2026 — a delayed quote shown for education, not investment advice.

Central Depository Services (India)

CDSL · NSE · Capital Markets · India

Snapshot

TickerCDSL

ExchangeNSE

SectorCapital Markets

CountryIndia

Employees494

HeadquartersMumbai, India

Websitewww.cdslindia.com

Filings tracked0

About Central Depository Services (India)

Central Depository Services (India) Limited, together with its subsidiaries, provides depository services in India. It operates through Depository; Data Entry and Storage; and Repository segments. The Depository segment offers various services to investors, such as dematerialisation, rematerialisation, holding, transfer, and pledge of securities in electronic form; and e-voting services to companies. Its Data Entry and Stroage segment provides centralized record keeping of KYC document of capital market investors. The Repository segment offers policyholders/warehouse receipt holders a facility to keep insurance policies/warehouse receipts in electronic form and to undertake changes, modifications, and revisions in the policy/receipt. It also provides account opening, processing delivery and receipt instructions, pledging, nomination, transmission of securities, change in address, bank account details, and SMS services for depository participants (DPs). In addition, the company offers various services, such as electronic access to security information, electronic access to security information and execution of secured transaction, SMS alerts related to transactions, electronic consolidated account statements, and virtual annual general meetings; Myeasi mobile application; application programming interfaces for DPs, electronic delivery instruction slip, and electronic margin pledge; and electronic foreign investment monitoring, electronic system driven disclosure services, and electronic notices, as well as e-locker services. Further, it provides KYC registration agency, eKYC, electronic signature service, tax filing, stamp duty calendar, electronic negotiable warehouse receipts and electronic non-negotiable warehouse receipts, and electronic insurance account. The company serves market participants, exchanges, clearing corporations, DPs, issuers, and investors. Central Depository Services (India) Limited was incorporated in 1997 and is based in Mumbai, India.

Who owns it

Promoters0.0%
Institutions14.7%
Public & other85.3%

73 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

Margin has compressed by about 9.9 points over the period — profitability is trending down.

Net margin trend49.7% → 39.8%

Margin has compressed by about 9.9 points over the period — profitability is trending down.

Growth qualityrev 27% · PAT 18%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹330 Cr

Next fiscal year

Rev ₹1,499 Cr · EPS 29.74

Est. earnings growth +19.8%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 4

Revenue (FY2026)

₹1,145 Cr

Net margin

39.8%

Revenue CAGR (3y)

+27.3%

Profit CAGR (3y)

+18.2%

Net profit (FY2026)

₹456 Cr

Ask MarketChacha about CDSL

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Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹1,145 Cr	₹456 Cr	39.8%
FY2025	₹1,082 Cr	₹526 Cr	48.6%
FY2024	₹812 Cr	₹419 Cr	51.6%
FY2023	₹555 Cr	₹276 Cr	49.7%

Quarterly

Period	Revenue	Net profit	Net margin
Q4 FY26	₹263 Cr	₹80 Cr	30.5%
Q3 FY26	₹304 Cr	₹133 Cr	43.8%
Q2 FY26	₹319 Cr	₹140 Cr	44.0%
Q1 FY26	₹259 Cr	₹102 Cr	39.6%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.