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INVESTMENT INSIGHTS

Check Before You Invest : National Securities Depository Ltd

BSE: 544467 NSE: ISIN: INE301O01023
  |   Sector:  IT & ITES   |   Industry:  Depository Services

Snapshot

Q.1 Which industry/sub-sector does National Securities Depository Ltd belong to?
National Securities Depository Ltd belongs to the IT & ITES sector, operating specifically within the Depository Services segment.
Q.2 Is National Securities Depository Ltd a good quality company?
National Securities Depository Ltd is a good quality company, based on a consistently good 10 year financial track record.
Q.3 Is National Securities Depository Ltd undervalued or overvalued?
National Securities Depository Ltd appears Overvalued, as its key valuation ratios are above with their past averages.
Q.4 Is National Securities Depository Ltd a good buy now?
National Securities Depository Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

Q.1 Revenue growth of National Securities Depository Ltd?
National Securities Depository Ltd revenue growth is 30.8% for FY-2025 , which is above its 5 year CAGR of 19.9% , indicating faster growth.
Q.2 Gross Profit margin of National Securities Depository Ltd?
National Securities Depository Ltd Gross profit margin which is the profit after deduction of direct costs, is 71.7% for FY-2025 , which is above its 5 year median of 69.6% , indicating increasing margins.
Q.3 Operating Profit Margin of National Securities Depository Ltd?
National Securities Depository Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 53.44% for FY-2025 , which is above its 5 year median of 51.86% indicating increasing margins.
Q.4 Net Profit Margin of National Securities Depository Ltd?
National Securities Depository Ltd Net Profit Margin is 51.99% for FY-2025 , is in line with with its 5 year median of 51.99%, indicating stable margins.
Current Level Historic Median
Gross Profit Margin 71.7 69.6
Operating Profit Margin 53.44 51.86
Net Profit Margin 51.99 51.99
Q.5 Return on Asset of National Securities Depository Ltd?
National Securities Depository Ltd Return on Asset is 15.32%, which is above its 5 year historical median of 14.9%, indicating improved asset utilization efficiency.
Q.6 Return on Equity (ROE) of National Securities Depository Ltd?
National Securities Depository Ltd Return on equity is 19.39% for FY-2025 , which is above its historical median of 18.57%, indicating the business is making better use of its shareholders capital.
Q.7 Return on capital employed (ROCE) of National Securities Depository Ltd?
National Securities Depository Ltd Return on capital employed is 25.46% for FY-2025 , which is above its estimated weighted average cost of capital(WACC) 14%, indicating value creation.
Q.8 Cash conversion cycle of National Securities Depository Ltd?
National Securities Depository Ltd Cash conversion cycle is -51 days, below its historical median of -17 days, indicating improved working capital management. However, you need to compare this with its peers in the industry.
Current Level Historic Median
Asset Turnover 0.29 0.28
ROE 19.39 18.57
ROCE 25.46 23.76
Cash Conversion Cycle -51 days -17 days
Q.9 Debt to Equity ratio of National Securities Depository Ltd?
National Securities Depository Ltd Debt-to-Equity ratio is 0.00 , which is lower with the industry average of 0.08 , indicating lower debt levels in the industry.
Q.10 Debt to cash flow from operations of National Securities Depository Ltd?
National Securities Depository Ltd Debt to cash flow from operations is 0 , which is at a healthy level, indicating the business is able to service its debt comfortably.

Ownership & governance

Q.1 Promoter shareholding and pledge status of National Securities Depository Ltd?
Promoters hold 0.00% of the National Securities Depository Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

Q.1 Revenue growth of National Securities Depository Ltd vs industry peers?
National Securities Depository Ltd revenue CAGR is 19.91% , compared to the industry median CAGR of 28.14% , indicating slower growth and losing its market share.
Profit Metrics
Current Level Industry Median
Revenue 618.6 763.5
Gross Profit 443.8 372.4
Operating Profit 331 358
Net Profit 322 261.5
Operating Efficiency
Current Level Industry Median
Asset Turnover 0.29 0.55
ROE 19.39 35.23
ROCE 25.46 43.69
Cash Conversion Cycle (days) -50.71 6

Valuation & price assessment

Q.1 Stock return of National Securities Depository Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
Q.2 What return has the stock given over the last decade?
9Y 5Y 3Y 1Y
Share Price - - - -
Q.3 Valuation ratios of National Securities Depository Ltd vs historical?
The current P/E is higher that its historical median.
Q.4 How do the current valuation ratios measure up against the historic numbers and the current industry numbers?
Valuation Ratios Current Historic Median Industry Median
Price to Earnings 56.67 0.00 46.60
Price to Book 8.9 0.00 14.28
Price to Sales 29.46 0.00 15.28
EV to EBITDA 40.3 0.00 32.22

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