CDSL share price, P/E, ROE & financials

As of 6 Nov 2026, Central Depository Services (India) trades at 55.1× trailing earnings, above the industry P/E of 18.4×, and the shares are 20% below their 52-week high. It earns ROCE of 30% and ROE of 26%, and sales and net profit grew 27% and 18% a year over 3 years. It has almost no debt, and its dividend yield is 1.0%. It is a small-cap company with a market cap of ₹27,826 Cr, ranked 5th of 219 Capital Markets companies by market cap; the shares fell 13% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹1,315.00
Day high: ₹1,333.00
Day low: ₹1,310.80
Prev. close: ₹1,334.00
Volume: 7.9 L

Health check

1 good · 2 fair · 3 to check

ReturnsBehind
−13.3% over a year, better than 1 of 7 peers.
Price tagPricier
P/E 55.1 vs industry 18.4.
GrowthSteady
Sales +27.3%, profit +18.2% a year over 3 years.
ProfitabilityStrong
ROCE 29.7% vs peer median 20.1%.
Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
Red flags1 to check
P/E of 55.1 against an industry P/E of 18.4.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Capital Markets

218 listed peers. Screen the industry

Small cap

₹27,826 Cr, #5 of 219 in its industry by size.

Defensive

Beta 0.44 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹1,357 Cr · profit ₹505 Cr

Market cap: ₹27,826 Cr; Small cap
P/E: 55.1; Industry 18.4
Price to book: 14.03; Peers 4.27
Dividend yield: 0.96%
ROE: 26.4%; Peers 18.4%
ROCE: 29.7%; Peers 20.1%
Debt to equity: 0.00; Debt ₹1.68 Cr
EPS (TTM): ₹24.16; Face value ₹10
OPM (TTM): 51.3%; Net margin 37.2%
Sales growth: +23.7%; Latest quarter vs a year ago
Profit growth: +24.0%; Latest quarter vs a year ago
Price to sales: 20.51; EV/EBITDA 37.6

Strengths

Return on equity of 26.4%.
Return on capital employed of 29.7%.
Practically debt-free.
Quarterly profit up 24.0% on a year ago.
Quarterly sales up 23.7% on a year ago.

Risks to check

P/E of 55.1 against an industry P/E of 18.4.

Derived automatically from reported figures. Not a recommendation.

About Central Depository Services (India)

Central Depository Services (India) Limited, together with its subsidiaries, provides depository services in India. It operates through Depository; Data Entry and Storage; and Repository segments. The Depository segment offers various services to investors, such as dematerialisation, rematerialisation, holding, transfer, and pledge of securities in electronic form; and provides e-voting services to companies. Its Data Entry and Stroage segment provides…

Headquarters: Mumbai
Employees: 494
Sector: Financial Services
ISIN: INE736A01011
Website: cdslindia.com

Price range

52 weeks

₹1,116.30₹1,673.70

Today

₹1,310.80₹1,333.00

Avg volume (3M): 11.8 L
1-year return: minus 13.3%
From 52-week high: minus 20.5%

Analyst consensus

15 analysts

HoldMean target ₹1,345.53 1.1%

Target range, with today’s price

Low ₹1,140.00High ₹1,570.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Capital Markets

Compare with peers Screen the whole industry

Company
GROWWBillionbrains Garage Ventures	215.08	minus 3.93%	1,33,585	50.3	13.78	29.3%	21.6%	62.9%	–	–	0.00%	plus 63.8%
MOTILALOFSMotilal Oswal Financial Services	1,102.00	plus 0.64%	66,448	25.0	4.27	18.1%	18.9%	52.4%	29.0%	26.1%	0.54%	plus 11.1%
AIILAuthum Investment & Infrastructure	570.05	plus 0.08%	48,410	27.6	3.29	15.2%	13.1%	74.0%	44.4%	−23.5%	0.00%	minus 0.7%
ANGELONEAngel One	331.00	plus 1.49%	30,290	26.8	4.53	26.9%	18.4%	39.7%	20.3%	0.9%	1.95%	plus 29.5%
CDSLCentral Depository Services (India)	1,331.40	minus 0.19%	27,826	55.1	14.03	29.7%	26.4%	51.3%	27.3%	18.2%	0.96%	minus 13.3%
CHOICEINChoice International	748.20	minus 0.09%	16,668	62.9	8.90	17.6%	15.8%	35.3%	42.2%	53.6%	0.00%	minus 7.4%
IIFLCAPSIIFL Capital Services	349.80	plus 0.13%	13,036	18.8	3.15	22.1%	19.5%	36.1%	19.9%	30.9%	0.86%	plus 4.1%
JMFINANCILJM Financial	111.42	plus 2.42%	10,663	10.6	1.00	–	11.8%	47.2%	19.1%	26.2%	1.54%	minus 34.2%
Median of 7 peers	–	0.13%	30,290	26.8	4.27	20.1%	18.4%	47.2%	24.7%	26.2%	0.54%	4.1%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
319	304	263	293	394
141	143	146	155	166
178	161	117	138	228
55.7%	52.9%	44.4%	47.1%	57.9%
21.2	28	4.3	48	22.4
0.1	0	0	0	0
16.1	17.1	17.8	19.2	20.5
183	172	103	167	230
23.4%	22.7%	22.7%	29.4%	24.8%
140	133	80.2	118	174
–	6.38	3.84	5.62	8.32

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +27.3%
Profit CAGR 3Y: +18.2%
EPS CAGR 3Y: +18.2%
ROE: 26.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
555	812	1,082	1,145
–	+46.3%	+33.2%	+5.8%
227	323	457	557
328	489	625	588
59.2%	60.3%	57.7%	51.4%
25.4	38.6	49.4	46
0.1	0.1	0.1	0.2
19.5	27.2	49	66.2
30.9	55.3	69.7	41.4
365	556	695	609
24.4%	24.5%	24.3%	25.3%
276	419	527	456
–	+51.9%	+25.7%	minus 13.4%
13.21	20.05	25.20	21.82

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
105	105	209	209
1,109	1,359	1,551	1,751
2.4	1.4	3	2.2
241	317	399	457
1,457	1,782	2,162	2,419
273	314	412	469
173	–	7.1	5.5
442	569	522	711
544	644	959	864
24.4	255	263	370
1,457	1,782	2,162	2,419

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
249	386	543	467
−126	−249	−299	−185
−158	−169	−231	−262
−35.2	−31.9	13.8	19.1
−206	−73.5	−156	−121
43.2	312	388	346
−157	−167	−230	−261

Shareholding pattern

Source: NSE filings

15.0%

promoters

Promoters15.00%
Public85.00%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	15.00%	85.00%	0.00
30 Jun 2026	15.00%	85.00%	0.00
31 Mar 2026	15.00%	85.00%	0.00
31 Dec 2025	15.00%	85.00%	0.00
30 Sep 2025	15.00%	85.00%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you