National Securities Depository Ltd
Incorporated in 2012, National Securities Depository Ltd provides electronic infrastructure for dematerialization of securities and facilitates electronic settlement of trades in Indian Securities Market[1]
- Market Cap ₹ 21,349 Cr.
- Current Price ₹ 1,067
- High / Low ₹ 1,082 / 880
- Stock P/E 86.4
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 22.5 %
- ROE 17.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 23.9%
- Debtor days have improved from 65.6 to 47.1 days.
Cons
- Earnings include an other income of Rs.98.0 Cr.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 250 | 336 | 369 | 409 | 473 | |
| 148 | 155 | 180 | 203 | 231 | |
| Operating Profit | 102 | 181 | 189 | 206 | 242 |
| OPM % | 41% | 54% | 51% | 50% | 51% |
| 41 | 53 | 58 | 76 | 98 | |
| Interest | 0 | 0 | 2 | 0 | 0 |
| Depreciation | 5 | 7 | 10 | 10 | 12 |
| Profit before tax | 138 | 226 | 236 | 272 | 328 |
| Tax % | 21% | 22% | 22% | 22% | 21% |
| 108 | 176 | 184 | 211 | 258 | |
| EPS in Rs | 27.10 | 44.04 | 45.90 | 10.54 | 12.90 |
| Dividend Payout % | 15% | 11% | 54% | 9% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 40 | 40 | 40 |
| Reserves | 717 | 878 | 1,040 | 1,232 | 1,469 |
| 1 | 1 | 1 | 1 | 1 | |
| 171 | 334 | 325 | 363 | 338 | |
| Total Liabilities | 930 | 1,253 | 1,406 | 1,635 | 1,847 |
| 22 | 35 | 35 | 33 | 248 | |
| CWIP | 0 | 7 | 0 | 3 | 9 |
| Investments | 777 | 783 | 918 | 1,287 | 1,309 |
| 131 | 429 | 454 | 311 | 281 | |
| Total Assets | 930 | 1,253 | 1,406 | 1,635 | 1,847 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 86 | -13 | 118 | 333 | 170 | |
| -99 | 29 | -87 | -321 | -151 | |
| -14 | -16 | -20 | -20 | -20 | |
| Net Cash Flow | -27 | -1 | 11 | -8 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 109 | 110 | 87 | 63 | 47 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 109 | 110 | 87 | 63 | 47 |
| Working Capital Days | -122 | -228 | -213 | -245 | -198 |
| ROCE % | 27% | 23% | 23% | 23% |
Documents
Announcements
-
Board Meeting Intimation for Intimation Of Board Meeting To Be Held On August 12, 2025.
16h - Board meeting on Aug 12 to approve Q1 2025 unaudited financial results and review report.
-
Re-Appointment Of Mr. Parveen Kumar Gupta As Public Interest Director And Chairperson.
16h - Mr. Praveen Kumar Gupta re-appointed NSDL Chairperson for three years from Sept 6, 2025.
-
Intimation Under Regulation 8(2) Of SEBI PIT Regulations, 2015
16h - NSDL publishes Code for fair disclosure of unpublished price sensitive information as per SEBI rules.
-
Announcement Under Regulation 30(5) Of LODR
16h - Authorization of key managerial personnel for materiality determination and disclosures as per SEBI regulations.
- Closure of Trading Window 17h
Annual reports
No data available.
Business Overview:[1]
NSDL is a SEBI-registered Market Infrastructure Institution (MII) offering a range of products and services to India’s financial and securities markets. It pioneered the dematerialization of securities in India.
As of March 31st 2025, NSDL ranks as the
largest depository in India based on number
of issuers, number of active instruments,
market share in demat value of settlement volume, and value of assets held under custody. NSDL’s nationwide infrastructure comprises 65,391 depository participants’ service centres, significantly exceeding CDSL’s 18,918 centres.