Central Depository Services (India) Limited (IN:CDSL)
:CDSL
CDSL Stock Chart & Stats
₹1468.60
-₹36.35(-2.11%)
At close: 4:00 PM EST
₹1468.60
-₹36.35(-2.11%)
Day’s Range― - ―
52-Week Range₹1,116.30 - ₹1,828.90
Previous CloseN/A
Volume1.29M
Average Volume (3M)1.79M
Market Cap
₹251.53B
Enterprise Value₹250.71B
Total Cash (Recent Filing)₹9.63B
Total Debt (Recent Filing)₹38.98M
Price to Earnings (P/E)56.6
Beta2.05
Next Earnings
Apr 27, 2026EPS Estimate
5.9Next Dividend Ex-DateN/A
Dividend Yield0.82%
Share Statistics
EPS (TTM)6.40
Shares Outstanding209,000,000
10 Day Avg. Volume2,430,715
30 Day Avg. Volume1,785,811
Financial Highlights & Ratios
PEG Ratio1.85
Price to Book (P/B)14.21
Price to Sales (P/S)23.12
P/FCF Ratio64.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,377.50Price Target Upside-6.20% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)29.16
Revenue Forecast (FY)₹13.95B
Bulls Say, Bears Say
Bulls Say
High ProfitabilityCDSL's TTM net margin of 43.89% alongside 33.05% YoY revenue growth indicates durable pricing power and operating efficiency in its fee-based depository model. Strong margins imply sustained ability to convert transaction volume into profits, supporting long-term earnings resilience and reinvestment.
Strong Balance SheetAn equity ratio of 81.42% and low leverage provide financial flexibility to absorb shocks and invest in infrastructure. High ROE (29.90%) shows efficient capital use, enabling CDSL to fund regulatory, technology, and growth needs internally over multiple quarters without relying heavily on external financing.
Robust Cash GenerationOperating cash flow exceeding net income (1.03) and 23.8% free cash flow growth signal reliable cash conversion from operations. Durable cash generation supports recurring investments in systems, potential shareholder returns, and buffers for cyclical downturns in transaction activity over the medium term.
Bears Say
Declining EPSReported EPS growth of -14.29% despite revenue expansion suggests per-share earnings deterioration. If the decline persists, it can erode shareholder returns and indicate pressure from non-operating items, tax, or capital structure changes, weakening per-share profitability over months ahead.
Revenue CyclicalityCDSL's revenue is materially tied to demat account scale and overall market trading volumes, making top-line and transaction fee receipts cyclical. Prolonged weakness or structural declines in market participation would reduce fee income and impair revenue visibility over a 2-6 month horizon and beyond.
Rising Liabilities To MonitorAlthough leverage is low today, the noted recent increase in total liabilities introduces a risk vector. If liabilities continue to rise faster than cash flow or equity, financial flexibility to invest in platform upgrades or respond to regulatory demands could be constrained over coming quarters.
Central Depository Services (India) Limited News
CDSL FAQ
What was Central Depository Services (India) Limited’s price range in the past 12 months?
Central Depository Services (India) Limited lowest stock price was ₹1116.30 and its highest was ₹1828.90 in the past 12 months.
What is Central Depository Services (India) Limited’s market cap?
Central Depository Services (India) Limited’s market cap is ₹251.53B.
When is Central Depository Services (India) Limited’s upcoming earnings report date?
Central Depository Services (India) Limited’s upcoming earnings report date is Apr 27, 2026 which is in 19 days.
How were Central Depository Services (India) Limited’s earnings last quarter?
Central Depository Services (India) Limited released its earnings results on Jan 31, 2026. The company reported ₹6.4 earnings per share for the quarter, missing the consensus estimate of ₹8.383 by -₹1.983.
Is Central Depository Services (India) Limited overvalued?
According to Wall Street analysts Central Depository Services (India) Limited’s price is currently Overvalued.
Does Central Depository Services (India) Limited pay dividends?
Central Depository Services (India) Limited pays a Annually dividend of ₹12.5 which represents an annual dividend yield of 0.82%. See more information on Central Depository Services (India) Limited dividends here
What is Central Depository Services (India) Limited’s EPS estimate?
Central Depository Services (India) Limited’s EPS estimate is 5.9.
How many shares outstanding does Central Depository Services (India) Limited have?
Central Depository Services (India) Limited has 209,000,000 shares outstanding.
What happened to Central Depository Services (India) Limited’s price movement after its last earnings report?
Central Depository Services (India) Limited reported an EPS of ₹6.4 in its last earnings report, missing expectations of ₹8.383. Following the earnings report the stock price went down -1.916%.
Which hedge fund is a major shareholder of Central Depository Services (India) Limited?
Currently, no hedge funds are holding shares in IN:CDSL
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Central Depository Services (India) Limited
Central Depository Services (India) Limited provides depository services in India. The company offers various services, such as account opening, dematerialization, processing delivery and receipt instructions, account statement, re-materialization, pledging, nomination, transmission of securities, change in address, bank account details, and SMS services for depository participants. It also provides facilities to issuers to credit securities to a shareholder's or applicants demat accounts; KYC services in respect of investors in capital markets to capital market intermediaries; facilities for holding of insurance policies in electronic form to the holders of these policies; and facilities for holding and transacting in electronic negotiable warehouse receipts. In addition, it offers services, such as electronic access to security information, electronic access to security information and execution of secured transaction, e-voting, e-notices, e-locker, and mobile application. It serves investors through depository participants, issuer companies, capital market intermediaries, insurance companies, and warehouse service providers/warehouses. The company was incorporated in 1997 and is based in Mumbai, India.
CDSL Stock 12 Month Forecast
Average Price Target
₹1,377.50
▼(-6.20% Downside)
Technical Analysis
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