Central Depository Services (India) Ltd
Central Depository Services Limited is a Market Infrastructure Institution (MII), part of the capital market structure, providing services to all market participants - exchanges, clearing corporations, depository participants (DPs), issuers and investors. It is a facilitator for holding of securities in the dematerialised form and an enabler for securities transactions. [1]
- Market Cap ₹ 21,072 Cr.
- Current Price ₹ 2,016
- High / Low ₹ 2,239 / 976
- Stock P/E 58.0
- Book Value ₹ 111
- Dividend Yield 0.79 %
- ROCE 44.5 %
- ROE 34.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 33.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.8%
- Company has been maintaining a healthy dividend payout of 61.4%
- Company's median sales growth is 18.8% of last 10 years
Cons
- Stock is trading at 18.2 times its book value
- Promoter holding is low: 15.0%
- Promoter holding has decreased over last 3 years: -5.00%
- Working capital days have increased from 17.4 days to 250 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Miscellaneous Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
75 | 75 | 86 | 102 | 122 | 151 | 152 | 158 | 271 | 415 | 451 | 641 | |
64 | 51 | 62 | 52 | 60 | 66 | 71 | 95 | 99 | 133 | 184 | 249 | |
Operating Profit | 11 | 25 | 23 | 50 | 62 | 85 | 82 | 63 | 172 | 282 | 267 | 392 |
OPM % | 15% | 33% | 27% | 49% | 51% | 56% | 54% | 40% | 64% | 68% | 59% | 61% |
44 | 31 | 31 | 64 | 34 | 28 | 36 | 43 | 42 | 65 | 93 | 102 | |
Interest | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 2 | 4 | 5 | 3 | 3 | 6 | 8 | 9 | 7 | 10 | 16 | 21 |
Profit before tax | 53 | 52 | 49 | 111 | 92 | 106 | 110 | 97 | 206 | 337 | 344 | 473 |
Tax % | 23% | 20% | 30% | 31% | 26% | 27% | 23% | 20% | 22% | 22% | 21% | 23% |
41 | 41 | 35 | 77 | 68 | 78 | 84 | 77 | 160 | 264 | 272 | 363 | |
EPS in Rs | 3.93 | 3.96 | 3.32 | 7.35 | 6.49 | 7.43 | 8.07 | 7.40 | 15.32 | 25.24 | 26.04 | 34.77 |
Dividend Payout % | 51% | 50% | 66% | 34% | 46% | 47% | 50% | 61% | 59% | 59% | 61% | 63% |
Compounded Sales Growth | |
---|---|
10 Years: | 24% |
5 Years: | 33% |
3 Years: | 33% |
TTM: | 42% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 34% |
3 Years: | 31% |
TTM: | 34% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 55% |
3 Years: | 36% |
1 Year: | 103% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 29% |
3 Years: | 33% |
Last Year: | 34% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 |
Reserves | 206 | 223 | 230 | 322 | 358 | 398 | 438 | 465 | 578 | 746 | 861 | 1,055 |
-0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | |
73 | 87 | 106 | 54 | 55 | 71 | 70 | 84 | 151 | 176 | 182 | 243 | |
Total Liabilities | 384 | 414 | 440 | 481 | 517 | 573 | 613 | 654 | 833 | 1,027 | 1,148 | 1,403 |
8 | 8 | 6 | 4 | 5 | 75 | 72 | 72 | 71 | 103 | 109 | 328 | |
CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 23 | 4 | 174 | -0 |
Investments | 323 | 347 | 361 | 408 | 462 | 432 | 482 | 524 | 576 | 717 | 740 | 905 |
52 | 59 | 74 | 69 | 50 | 67 | 58 | 57 | 164 | 203 | 125 | 170 | |
Total Assets | 384 | 414 | 440 | 481 | 517 | 573 | 613 | 654 | 833 | 1,027 | 1,148 | 1,403 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
27 | 30 | 36 | 21 | 33 | 65 | 73 | 64 | 169 | 232 | 207 | 334 | |
-9 | -6 | -11 | 8 | -2 | -23 | -55 | -14 | -82 | -114 | -67 | -204 | |
-18 | -24 | -24 | -28 | -31 | -38 | -20 | -51 | -47 | -94 | -157 | -167 | |
Net Cash Flow | -0 | -1 | -0 | 1 | -0 | 4 | -2 | -1 | 39 | 24 | -18 | -37 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 17 | 16 | 16 | 35 | 27 | 27 | 21 | 28 | 33 | 24 | 19 | 17 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 17 | 16 | 16 | 35 | 27 | 27 | 21 | 28 | 33 | 24 | 19 | 17 |
Working Capital Days | -216 | -280 | -321 | -130 | -103 | -125 | -125 | -137 | -149 | -94 | -104 | 250 |
ROCE % | 13% | 11% | 12% | 21% | 21% | 22% | 21% | 17% | 33% | 44% | 38% |
Documents
Announcements
Annual reports
Concalls
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptPPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
Business Overview
CDSL facilitates holding and transacting securities in electronic form and facilitates the settlement of trades executed on stock exchanges. These securities include equities, debentures, bonds, units of mutual funds, Certificates of deposit (CDs), commercial papers (CPs), Treasury Bills (TBills), and others. Other services include e-Voting, M-Voting, Myeasi Mobile App and e-Locker. [1]