Skip to content
thestock.space

National Securities Depository (BSE: NSDL) had a P/E of 38.2× on 6 Nov 2026, in line with the industry P/E of 38.2×, and the shares are 35% below their 52-week high. Sales and net profit grew 14% and 17% a year over 3 years; its ROCE of 21% is the second-lowest among its 6 Financial Data & Stock Exchanges peers. It carries very little debt, and its dividend yield is 0.5%. It is a small-cap company with a market cap of ₹15,283 Cr, ranked 5th of 7 Financial Data & Stock Exchanges companies by market cap; the shares fell 30% 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
₹768.00
Day high
₹768.00
Day low
₹758.00
Prev. close
₹773.80
Volume
3.3 L

Health check

3 fair · 3 to check
  • ReturnsBehind

    −29.9% over a year, better than 1 of 6 peers.

  • Price tagIn line

    P/E 38.2 vs industry 38.2.

  • GrowthSteady

    Sales +14.4%, profit +17.4% a year over 3 years.

  • ProfitabilityWeak

    ROCE 21.2% vs peer median 30.6%.

  • Balance sheetFair

    Practically debt-free, Piotroski 5 of 9.

  • Red flags1 to check

    35% below its 52-week high.

Compared with 6 industry peers. Computed from reported figures. Educational, not a recommendation.

Financial Data & Stock Exchanges

6 listed peers. Screen the industry

Small cap

₹15,283 Cr, #5 of 7 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,024 Cr · profit ₹400 Cr
Market cap
₹15,283 Cr
Small cap
P/E
38.2
Industry 38.2
Price to book
6.09
Peers 10.43
Dividend yield
0.52%
ROE
17.1%
Peers 27.0%
ROCE
21.2%
Peers 30.6%
Debt to equity
0.01
Debt ₹13 Cr
EPS (TTM)
₹20.01
OPM (TTM)
24.2%
Net margin 19.8%
Sales growth
+36.5%
Latest quarter vs a year ago
Profit growth
+10.7%
Latest quarter vs a year ago
Price to sales
7.55
EV/EBITDA 22.7

Strengths and risks

Strengths

  • Return on capital employed of 21.2%.
  • Practically debt-free.
  • Quarterly sales up 36.5% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • 35% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About National Securities Depository

National Securities Depository Limited, together with its subsidiaries, provides depository services in India. It operates through Depository, Database Management Services, and Banking Services segments. The company provides SPEED-e for demat account holders for direct online submission of instructions; IDeAS for viewing balances and transactions; SPICE for clearing members to submit instructions for the clients who have given power of attorney (POA) and…

Headquarters
Mumbai
Employees
549
Sector
Financial Services
ISIN
INE301O01023
Website
nsdl.com

Price range

52 weeks

₹688.00₹1,180.00

Today

₹758.00₹768.00
Avg volume (3M)
4.1 L
1-year return
minus 29.9%
From 52-week high
minus 35.2%

Analyst consensus

6 analysts
HoldMean target ₹850.83 plus 11.3%

Target range, with today’s price

Low ₹800.00High ₹930.00

Today’s price ₹764.15 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Financial Data & Stock Exchanges

Compare with peersScreen the whole industry
Company
NSENational Stock Exchange of Ind1,908.35plus 0.74%4,72,31743.111.0330.2%26.7%78.3%––0.00%plus 5.0%
BSEBSE3,800.00plus 0.26%1,54,32950.816.9540.9%38.7%65.7%76.5%124.5%0.26%plus 51.8%
MCXMulti Commodity Exchange of India3,528.00plus 4.81%89,79360.918.0539.0%44.4%74.2%67.8%107.5%0.23%plus 80.5%
CRISILCRISIL4,395.40minus 0.75%32,14435.99.8331.0%27.4%30.5%9.6%10.7%1.55%minus 7.3%
NSDLNational Securities Depository764.15minus 1.25%15,28338.26.0921.2%17.1%25.4%14.4%17.4%0.52%minus 29.9%
CARERATINGCARE Ratings1,564.20minus 1.50%4,71624.54.7024.1%20.7%42.5%19.2%27.0%1.28%minus 1.1%
ICRAICRA4,431.40minus 1.57%4,26721.43.5820.5%17.5%35.4%14.3%10.3%1.58%minus 30.4%
Median of 6 peers–−0.24%60,96839.510.4330.6%27.0%54.1%19.2%27.0%0.77%2.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
400360458517546
272252354416404
128107104101142
32.0%29.9%22.7%19.5%26.1%
30.833.427.344.136.2
1.51.91.71.71.7
11.113.413.914.514.9
146125116129162
24.5%28.5%21.8%23.7%24.4%
11089.690.198.2122
5.524.484.514.916.11

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+14.4%
Profit CAGR 3Y
+17.4%
EPS CAGR 3Y
+17.4%
ROE
17.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,0211,2681,4201,529
–+24.1%+12.0%+7.7%
7649811,0431,070
257287377459
25.2%22.7%26.5%30.0%
65.877.897.3102
1.92.146.7
21.724.135.448
5.61619−0.3
305355453506
23.0%22.4%24.3%24.8%
235275343380
–+17.3%+24.6%+10.7%
11.7413.7717.1618.99

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
40404040
1,3891,6441,9652,330
16.813.610.116.6
6485609691,433
2,0932,2582,9853,819
59.7268290341
10.21.414.84.6
1,1141,1571,2731,394
7245158791,453
185316527626
2,0932,2582,9853,819

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
508113563713
−442−178−502−619
−20−20−21.9−17.6
46.2−84.739.176.9
−48.8−244−74.3−135
459−131489578
−20−20−16.4−39.9

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 5.1% (Yahoo estimate).

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you