Central Depository Services (India) Limited (IN:CDSL)
:CDSL
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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
₹255.94B
Enterprise Value₹255.13B
Total Cash (Recent Filing)₹9.63B
Total Debt (Recent Filing)₹38.98M
Price to Earnings (P/E)51.3
Beta1.99
Next Earnings
Jul 27, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield0.82%
Share Statistics
EPS (TTM)22.64
Shares Outstanding209,000,000
10 Day Avg. Volume2,430,715
30 Day Avg. Volume1,785,811
Financial Highlights & Ratios
PEG Ratio-3.82
Price to Book (P/B)11.94
Price to Sales (P/S)18.89
P/FCF Ratio59.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,150.00Price Target Upside-21.69% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)24.69
Revenue Forecast (FY)₹13.00B
Bulls Say, Bears Say
Bulls Say
Conservative Balance Sheet / Negligible DebtExtremely low leverage provides durable financial flexibility for a market-infrastructure business. It limits solvency risk, supports capital allocation (investments, technology, dividends) through cycles, and allows CDSL to withstand prolonged market downturns without financing stress.
Structurally High Margins And Strong ROESustained high margins and historically strong ROE reflect operating leverage and pricing power in depository services. For a low-capex, scale-driven infrastructure provider this supports durable cash generation, reinvestment capacity and the ability to fund shareholder returns over multiple years.
Recurring, Transaction-linked Revenue ModelA fee-based model centered on recurring account fees and transaction/issuer services creates steady, scalable revenue tied to account base and ecosystem integrations. This structural mix increases revenue visibility and stickiness, supporting steady growth as market participation expands.
Bears Say
Profitability Step-down In 2026A material margin decline between consecutive years signals persistent cost or mix pressures that can erode the firm’s high-return profile. If structural (regulatory fees, product mix shifts or higher operating costs), this undermines long-term earnings power and weakens predictable capital-generation assumptions.
Cash-flow Volatility And Predictability IssuesIntermittent free-cash-flow swings reduce reliability of internally generated funds for dividends, buybacks or capex. For an infrastructure provider where steady cash is prized, such volatility complicates long-term planning and increases sensitivity to working-capital timing and seasonal flows.
Revenue Sensitivity To Capital-market ActivityA large share of revenue tied to transaction volumes makes the business structurally cyclical. Prolonged weak markets or lower investor participation will directly reduce fees and account activity, limiting topline resilience even if core infrastructure and account bases remain intact.
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 ₹255.94B.
When is Central Depository Services (India) Limited’s upcoming earnings report date?
Central Depository Services (India) Limited’s upcoming earnings report date is Jul 27, 2026 which is in 67 days.
How were Central Depository Services (India) Limited’s earnings last quarter?
Central Depository Services (India) Limited released its earnings results on May 02, 2026. The company reported ₹3.8 earnings per share for the quarter, missing the consensus estimate of ₹5.055 by -₹1.255.
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 for its next earnings report is not yet available.
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 ₹3.8 in its last earnings report, missing expectations of ₹5.055. 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
₹1,150.00
▼(-21.69% Downside)
Technical Analysis
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