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Central Depository Services (India) Ltd (CDSL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: CDSL Depository Services | Small Cap | Central Dep. Service Share Price

BSE Share Price
Not Listed

Central Depository Services (India) Ltd (CDSL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: CDSL Depository Services | Small Cap | Central Dep. Service Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹29,640 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹21.8
TTM Sales
₹1,145 Cr.
Book Value per Share
₹93.8
P/E Ratio
64.98
Higher than its 5-year historical median
Industry PE
49.8
Price to Book (P/B)
15.12
Higher than its 5-year historical median
Price to Sales (P/S)
25.89
In line with its 5-year historical median
EV/EBITDA
43.50
Higher than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
24.47%
Underperforms industry median
Return on Capital Employed (ROCE)
32.75%
Underperforms industry median
Return on Assets (ROA)
16.69%
Operating Profit Margin
51.2%
Net Profit Margin
39.75%
Gross Profit Margin
59.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.79%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-6.16%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-13.54%
Asset Quality
Promoter Holding
15.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,751 Cr.
Equity
₹209 Cr.
Face Value
₹10
All Time Low / High
- / -

Central Depository Services (India) stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Central Depository Services (India) Ltd a good quality company?
Central Depository Services (India) Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Central Depository Services (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Central Depository Services (India) Ltd vs industry peers?
Central Depository Services (India) Ltd revenue CAGR is 36.89%, compared to the industry median CAGR of 19.65%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Central Depository Services (India) Ltd?
Promoters hold 15.00% of the Central Depository Services (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Central Depository Services (India) Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 6.61% based on the current price.

DeciZen - make an informed investing decision on Central Dep. Service

Decision Maker
Consolidated basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Central Depository Services (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 23%25%23.4%19.6%32.4%41.5%31.7%41.6%43.1%32.8%-
Value Creation
Index
0.60.80.70.41.42.11.42.72.81.9-

Growth Parameters

Sales 1461881962253445515558121,0821,1451,145
Sales YoY Gr.-28.6%4.6%14.7%52.7%60.4%0.7%46.3%33.2%5.8%-
Adj EPS 4.14.95.45.19.614.913.120.125.221.821.8
YoY Gr.-20.2%10.1%-6.6%89.2%55.2%-11.7%52.6%25.7%-13.4%-
BVPS (₹) 25.528.73234.64252.358.17084.293.893.8
Adj Net
Profit
85.7103113106200311275419527456456
Cash Flow from Ops. 42.779.385.782.2193283249386543467-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 25.7%27.2%27.3%5.8%
Adj EPS 20.4%17.9%18.4%-13.4%
BVPS15.6%17.4%17.3%11.3%
Share Price - -0.4% 5.6% -16.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
16.918.217.915.22531.623.831.332.724.523.3
Op. Profit
Mgn %
54.458.855.539.661.666.558.360.357.751.251.2
Net Profit
Mgn %
59.355.258.547.458.656.549.551.748.739.839.8
Debt to
Equity
00000000000
Working Cap
Days
52626698102246281344260202222180
Cash Conv.
Cycle
-46-20101-32-22-15-29-32-37110

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1461881962253445515558121,0821,145
Operating Expenses + 677787136132184232323458559
Manufacturing Costs54314101313182629
Material Costs0000000000
Employee Cost 2530344741518196122157
Other Costs 3743507581120138208310374
Operating Profit 7911010989212367323489624586
Operating Profit Margin (%) 54.4%58.8%55.5%39.6%61.6%66.5%58.3%60.3%57.7%51.2%
Other Income + 413849595755669511794
Exceptional Items 0000000000
Interest 0000000000
Depreciation 47101291119274966
Profit Before Tax 117141148136260409365556695609
Tax 30383330589789136169154
Profit After Tax 87104115107201312276420526455
PAT Margin (%) 59.3%55.2%58.5%47.4%58.6%56.6%49.7%51.7%48.6%39.8%
Adjusted EPS (₹)4.14.95.45.19.614.913.220.125.221.8
Dividend Payout Ratio (%)36.60%35.50%36.80%44.30%47%50.40%60.60%54.90%49.60%58.40%

Valuation of Central Dep. Service - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 5335996687248771,0931,2141,4631,7601,960
Share Capital 105105105105105105105105209209
Reserves 4294945646197739881,1091,3591,5511,751
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest15164142434343444442
Trade Payables94312131120283752
Others Liabilities 223706884475548622579771787
Total Liabilities 7816887808621,4081,6951,8992,1142,6112,841

Fixed Assets

Net Fixed Assets +576757473106125342446500
Gross Block139099109117160193433579687
Accumulated Depreciation814243443546891132187
CWIP 0000234174477
Investments 5035215936657099259371,1491,3511,487
Inventories0000000000
Trade Receivables13191926374638675365
Cash Equivalents 48425554208206715317483
Others Assets 211303744357408555500579699
Total Assets 7816887808621,4081,6951,8992,1142,6112,841

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 43798682193283249386543467
PBT 87141148136260409365556695609
Adjustment -2-24-32-31-36-30-29-54-542
Changes in Working Capital -101312755-34911
Tax Paid -32-39-34-24-58-100-93-114-146-155
Cash Flow From Investing Activity + 18-67-67-33-107-146-126-249-299-185
Capex -5-76-11-9-18-25-205-73-155-120
Net Investments 5-6-67-37-101-14065-192-163-89
Others 19151213121913162024
Cash Flow From Financing Activity + -31-38-20-51-47-94-158-169-231-262
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -31-38-44-50-47-94-157-167-230-261
Others 0024-0-0-0-1-1-1-1
Net Cash Flow 29-26-1-13844-35-321419

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)17.118.3118.1315.3325.1431.6523.9331.3432.6524.47
ROCE (%)23.0224.9823.419.6132.4241.4731.6741.5543.1232.75
Asset Turnover Ratio0.20.260.270.270.30.360.310.40.460.42
PAT to CFO Conversion(x)0.490.760.750.770.960.910.90.921.031.03
Working Capital Days
Receivable Days32.9031.2035.3036.6033.7027.6027.5023.5020.2018.70
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Central Depository Services (India) Ltd FAQs

The current trading price of Central Dep. Service on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Central Dep. Service stood at ₹29,640.4 Cr

The latest P/E ratio of Central Dep. Service as of 31-Dec-1969 is 63.31.

The latest P/B ratio of Central Dep. Service as of 31-Dec-1969 is 18.55.

The 52-week high of Central Dep. Service is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Central Dep. Service is ₹960 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Central Depository Services (India) Ltd is a good quality company.

The key valuation ratios of Central Depository Services (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Central Depository Services (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Central Depository Services (India) Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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