CDSL · Central Depository Services (India) Ltd · Investment Services
CDSL · Central Depository Services (India) Ltd · Investment Services
As of 06 Nov close
52-week range
20.5% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹293 Cr
Revenue YoY
PAT YoY
+14.8%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
14.8
P/S (TTM)
24.1
Sector P/E
14.4
Dividend yield
+0.9%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| CDSL (this stock) | 57.9 | 14.8 | +40.0% | +24.1% | 0 | +0.9% |
| ICICI Prudential Asset Management Company Ltd | 47.7 | 37.7 | +56.0% | Not available from data source | 3.22 | +0.9% |
| HDFC Asset Management Company | 39.9 | 12.3 | +69.3% | Not available from data source | 1.86 | +2.0% |
| Nippon Life India Asset Management | 50.1 | 16.3 | +56.4% | +34.5% | 1.36 | +1.8% |
Promoter
stable
FII
falling 2q
MF
7.30% (+0.67pp)
rising 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| CDSL | 2026-06-18 | 1051678 | 1 | WEAK | BULK |
News timeline
- unknownbusiness-standard.com· 10 Sept 2026, 08:44 pmHow to choose the right broker based on your investment style and needs
Concalls & investor presentations
AI-generatedKey takeaway: During the Q1 FY '27 earnings conference call held on August 3, 2026, management reported that CDSL opened approximately 58 lakh new demat accounts, bringing the total to 18.59 crores, maintaining an 80% market share. The company achieved a stand-alone income of INR 327 crores and a net profit of INR 144 crores for the quarter. On a consolidated basis, total income was INR 341 crores with a net profit of INR 118 crores. Management highlighted strategic investments in the Sahamati Foundation and received several recognitions, including being named the most innovative fintech company in Asia Pacific. The CFO provided details on financial performance, noting a year-on-year increase in total income but a decline in net profit compared to the previous year. The discussion also covered KYC revenue, technology expenses, and the impact of regulatory changes on income streams.
Management provided a balanced overview of financial performance and operational updates.
Sourced from an exchange-filed transcript, dated 07 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings call held on May 4, 2026, management discussed CDSL's financial results for Q4 FY26 and the full financial year 2025-26. The company reported a standalone total income of INR 1,096 crores and a net profit of INR 468 crores for the year. In Q4, standalone income was INR 215 crores, with a net profit of INR 69 crores. Management highlighted the importance of technology investments, noting a significant increase in technology costs, which have surpassed employee costs. They emphasized the need for continuous investment to maintain scalability and support a growing investor base, which has reached over 18 crores demat accounts. CDSL received several awards for innovation and corporate social responsibility, reflecting its commitment to enhancing market infrastructure and investor education. The call concluded with management expressing gratitude to stakeholders and reiterating their focus on operational efficiency and investor-centric services.
Management highlighted growth and achievements while emphasizing ongoing investments in technology and infrastructure.
Sourced from an exchange-filed transcript, dated 07 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the Q3 FY '26 earnings conference call, management reported that the combined average daily turnover at BSE and NSE decreased by 8.3% year-over-year. CDSL opened over 75 lakh new Demat accounts in the quarter, bringing the total to 17.27 crores, maintaining an 80% market share. The company received several recognitions, including the Central Securities Depository of the Year 2025. Management highlighted a focus on enhancing technology infrastructure to support future growth, despite rising technology costs. For the nine-month period, consolidated total income was INR 970 crores, with a net profit of INR 375 crores. The CFO noted a quarterly revenue increase to INR 334 crores, with a net profit of INR 133 crores. Management addressed concerns regarding technology spending and its necessity for maintaining service quality and capacity. They also discussed the impact of regulatory changes on their business segments, particularly in KYC and unlisted companies.
Management provided a balanced overview of performance and challenges without strong emphasis on growth or decline.
Sourced from an exchange-filed transcript, dated 06 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedCentral Depository Services (India) Limited (CDSL) reported compliance with regulatory frameworks and no defaults in deposits or loans during FY2025-26. The company has no outstanding statutory dues beyond six months and has not been declared a willful defaulter. Key audit matters included IT systems and controls, and the company has no material contingent liabilities or legal disputes pending beyond the current reporting period. CDSL continues to focus on CSR initiatives and governance compliance.
- CDSL has no defaults in deposits, loans, or statutory dues beyond six months.
- No material contingent liabilities or pending legal disputes reported.
- Key audit focus on IT systems and controls.
- No willful defaulter status or borrowing defaults during FY2025-26.
- Continued CSR initiatives and governance compliance.
Key takeaway: CDSL maintains strong compliance and operational integrity with no significant financial or legal risks reported in FY2025-26.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (5 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
5 occurrencesRecent (last 12 months)
The Company received a Show Cause Notice from SEBI regarding non-compliances with SEBI guidelines on malware on November 18, 2022. The Company is defending the alleged non-compliances with legal advice.
Earlier (1-3 years ago)
The company was imposed a financial disincentive of 10 Lakh by SEBI for non-compliance with cyber security policies and guidelines, related to a malware incident on November 18, 2022. The amount was transferred to the Investor Protection and Education Fund on September 16, 2024.
In FY 2022-23, the company failed to comply with SEBI Circular requirements for the Standing Committee on Technology (SCOT) from May 13, 2022, to January 30, 2023, due to a vacancy in Independent External Persons (IEPs). In FY 2021-22, the company submitted a prior intimation to the Stock Exchange one working day before a Board Meeting instead of two, leading to a ₹11,800 fine by NSE, which was later refunded after condonation.
Older (3+ years ago)
The company was fined ₹11,800 by NSE in FY 2021-22 for not submitting prior intimation two working days in advance for a Board Meeting to declare dividend, as required by SEBI Listing Regulations. The fine was later refunded after the company requested condonation due to COVID-19 pandemic factors.
The company was fined ₹11,800 by NSE for not submitting prior intimation two working days in advance for a board meeting held on May 1, 2021, as required by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Routine disclosures
Internal Control Weakness
1 occurrenceOlder (3+ years ago)
The company has a reportable material weakness in the design and effectiveness of its internal controls.
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has a contingent liability of 86.03 lakh from an arbitral award in a legal matter involving BRH Wealth Kreators Limited, with an appeal pending before the Division Bench of the Bombay High Court.
Earlier (1-3 years ago)
The company has contingent liabilities including bank guarantees and claims against the group not acknowledged as debt, as of March 31, 2025.
The company has contingent liabilities as of March 31, 2024, which are detailed in the notes to standalone financial statements under 'Contingent Liabilities'.
Older (3+ years ago)
The company has a contingent liability of ₹1,882.78 Lakh raised by the Income Tax Department under section 147 of the Income Tax Act for A.Y. 2018-19, against which the company has filed an appeal.
The company has a contingent liability related to a legal claim by Swojas Energy Foods Limited & Ors. seeking monetary compensation exceeding ₹333 Lakh for alleged illegal freezing of demat accounts. Additionally, there are income tax demands totaling ₹1882.78 Lakh and service tax demands of ₹77.97 Lakh with pending appeals and rectification letters.
Related-Party Transaction
1 occurrenceEarlier (1-3 years ago)
The excerpt mentions details of related party transactions, specifically contributions to a trust controlled by the Group in relation to CSR expenditure.
Statutory dues in dispute
2 occurrencesRecent (last 12 months)
The company has statutory dues of income tax for FY 23-24 pending before the Commissioner of Income Tax (Appeals) - National Faceless Appeal Centre.
Older (3+ years ago)
The company has outstanding tax dues under various statutes, including Income Tax and Service Tax, with amounts totaling ₹1,299.83 lakhs and ₹77.97 lakhs respectively, and disputes pending before the Commissioner of Income Tax (Appeals) and Additional commissioner, GST.
Management & Board Governance
2 occurrencesEarlier (1-3 years ago)
Shri Nayan Mehta, a Non-Independent Director, resigned from the Governing Board of the Company effective May 16, 2023.
Older (3+ years ago)
Smt. Amita Paunikar, Vice President, Company Secretary, Head Legal and Compliance Officer resigned on April 5, 2021. Shri Nilay Shah was appointed as Group Company Secretary & Head Legal on August 2, 2021, and received remuneration from August 2, 2021, to March 31, 2022.