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Central Depository Services (India) Limited (CDSL) Price & Analysis

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CDSL Stock Chart & Stats

₹1468.60

-₹36.35(-2.11%)

At close: Jan 09 4:00 PM EST

₹1468.60

-₹36.35(-2.11%)

Day’s Range― - ―

52-Week Range₹1,116.30 - ₹1,753.90

Previous CloseN/A

Volume1.29M

Average Volume (3M)1.79M

Market Cap

₹299.27B

Enterprise Value₹268.99B

Total Cash (Recent Filing)₹8.11B

Total Debt (Recent Filing)₹22.00M

Price to Earnings (P/E)65.6

Beta2.03

Next Earnings

Jul 27, 2026

EPS Estimate

7.2

Next Dividend Ex-DateN/A

Dividend Yield0.82%

Share Statistics

EPS (TTM)21.83

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

₹1,225.00

Price Target Upside-16.59% Downside

Rating ConsensusHold

Number of Analyst Covering1

EPS Forecast (FY)25.42

Revenue Forecast (FY)₹12.93B

Bulls Say, Bears Say

Bulls Say

Conservative Balance SheetNegligible debt and a conservative balance sheet give CDSL durable financial flexibility. Low leverage reduces solvency risk, supports investment in infrastructure or tech, and preserves optionality for dividends or strategic M&A through market cycles without pressure from interest costs.

High And Persistent MarginsStructurally high gross and operating margins imply strong operating leverage and cost advantages in the depository business. High margins support persistent cash generation and ROE, enabling reinvestment in platform quality and shareholder returns even if revenue growth moderates.

Recurring Fee-Based Business ModelA fee-driven model tied to demat accounts, issuer services and transaction fees creates recurring revenue and predictable base cash flows. Network effects via Depository Participants and exchange integrations raise switching costs and help sustain long-term market share.

Bears Say

2026 Profitability Step-DownA sizable margin contraction in 2026 despite revenue growth signals structural cost pressures or adverse mix changes. If persistent, lower margins would reduce free cash flow and ROE, constrain reinvestment or payouts, and weaken one of the firm's key long-term competitive strengths.

Cash-Flow VolatilityMaterial swings in free cash flow and an outlier operating cash flow relationship reduce predictability of cash generation. That makes capital allocation harder, raises funding risk for initiatives, and could force more conservative capital returns during periods of working-capital strain.

Revenue Sensitivity To Market Activity & RegulationRevenue tied to transaction volumes and subject to regulatory fee frameworks creates cyclical and policy risks. Prolonged lower market activity or regulatory limits on fees could structurally cap growth and compress margins, limiting long-term earnings scalability.

Central Depository Services (India) Limited News

CDSL Subsidiary Centrico Insurance Repository Chairperson Resigns

Central Depository Services (India) Limited ( ($IN:CDSL) ) just unveiled an update. Central Depository Services (India) Limited has...

9d ago

CDSL

CDSL Subsidiary Receives First Tranche of Equity in RIX Systems

An update from Central Depository Services (India) Limited ( ($IN:CDSL) ) is now available. Central Depository Services (India)...

2M ago

CDSL

CDSL Posts Audio Recording of May 4 Investor Conference Call

Central Depository Services (India) Limited ( ($IN:CDSL) ) just unveiled an announcement. CDSL has notified the stock exchange...

2M ago

CDSL

CDSL Publishes Audited FY26 Results Extracts in Leading Newspapers

Central Depository Services (India) Limited ( ($IN:CDSL) ) has issued an update. Central Depository Services (India) Limited has...

2M ago

CDSL

CDSL Expands Team Overseeing Material Event Disclosures to Stock Exchanges

Central Depository Services (India) Limited ( ($IN:CDSL) ) has provided an announcement. Central Depository Services (India) Limited (CDSL),...

5M ago

CDSL

CDSL Subsidiary Wins SEBI Nod for ₹10 Crore Investment in RIX Systems

The latest update is out from Central Depository Services (India) Limited ( ($IN:CDSL) ). Central Depository Services (India)...

5M ago

CDSL

CDSL Publishes Q3 and Nine-Month FY26 Audited Results in Newspapers

An announcement from Central Depository Services (India) Limited ( ($IN:CDSL) ) is now available. CDSL has notified the...

5M ago

CDSL

CDSL Releases Q3 and Nine-Month FY 2025-26 Investor Presentation

Central Depository Services (India) Limited ( ($IN:CDSL) ) has shared an announcement. CDSL has released its investor presentation...

5M ago

CDSL

CDSL Shuts Trading Window Ahead of December-Quarter Results

Central Depository Services (India) Limited ( ($IN:CDSL) ) has provided an announcement. CDSL has announced that its trading...

6M ago

CDSL

CDSL Schedules Analyst Meet to Enhance Stakeholder Engagement

Central Depository Services (India) Limited ( ($IN:CDSL) ) has shared an update. CDSL has announced a scheduled Analyst/Investor/Conference...

7M ago

CDSL

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 ₹1753.90 in the past 12 months.

What is Central Depository Services (India) Limited’s market cap?

Central Depository Services (India) Limited’s market cap is ₹299.27B.

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 14 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. Get more investment ideas with TipRanks Premium

Does Central Depository Services (India) Limited pay dividends?

Central Depository Services (India) Limited pays a Annually dividend of ₹12.75 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 7.2.

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, founded in Mumbai in 1997, offers a comprehensive range of depository solutions throughout India. The company facilitates various services for investors, including opening and managing dematerialized accounts, processing both delivery and receipt instructions, providing account statements, rematerialization, pledging securities, handling nominations and transfers, and updating personal information such as addresses and bank details, along with SMS notifications. CDSL also assists issuers by enabling the direct credit of securities into shareholder and applicant demat accounts. Furthermore, it provides Know Your Customer (KYC) services to capital market intermediaries for their investors. Expanding its digital offerings, the company supports the electronic storage of insurance policies for policyholders and enables the holding and transaction of electronic negotiable warehouse receipts. Additional digital tools include online access to security information, secure transaction execution capabilities, e-voting, e-notices, e-locker services, and a dedicated mobile application. CDSL serves a broad spectrum of clients, including investors (through depository participants), issuing companies, capital market intermediaries, insurance companies, and warehouse service providers.

Central Depository Services (India) Limited (CDSL) Earnings & Revenues

Historic Earnings Reports

CDSL Stock 12 Month Forecast

Average Price Target

₹1,225.00

▼(-16.59% Downside)

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Detailed Analyst Forecast >