National Securities Depository Ltd

National Securities Depository Ltd

₹ 976 4.25%
07 Aug 10:16 a.m.
About

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]

Key Points

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.

  • Market Cap 19,516 Cr.
  • Current Price 976
  • High / Low 995 / 880
  • Stock P/E 59.5
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 23.6 %
  • ROE 17.8 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
326 466 761 1,022 1,268 1,420
203 259 522 771 985 1,045
Operating Profit 123 207 239 251 284 376
OPM % 38% 44% 31% 25% 22% 26%
53 58 60 77 97 117
Interest 1 1 2 2 2 4
Depreciation 13 17 19 22 24 35
Profit before tax 162 247 278 305 355 453
Tax % 23% 24% 24% 23% 22% 24%
125 189 213 235 275 343
EPS in Rs 31.19 47.14 53.15 11.74 13.77 17.16
Dividend Payout % 13% 11% 47% 9% 7% 12%
Compounded Sales Growth
10 Years: %
5 Years: 34%
3 Years: 23%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 17%
TTM: 25%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 17%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 40 40 40 40 40 40
Reserves 807 979 1,172 1,389 1,644 1,965
12 9 3 17 14 10
208 470 478 648 560 969
Total Liabilities 1,067 1,498 1,693 2,093 2,258 2,985
54 66 53 68 289 322
CWIP 11 17 3 5 13 22
Investments 764 728 930 1,457 1,494 1,996
238 687 706 563 462 646
Total Assets 1,067 1,498 1,693 2,093 2,258 2,985

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
116 104 148 327 113 558
-118 -36 -64 -375 -178 -502
-14 -16 -20 -20 -20 -16
Net Cash Flow -17 52 63 -68 -85 39

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 91 85 49 31 24 33
Inventory Days
Days Payable
Cash Conversion Cycle 91 85 49 31 24 33
Working Capital Days -118 -252 -162 -187 -125 -198
ROCE % 26% 24% 23% 22% 24%

Shareholding Pattern

Numbers in percentages

2 Recently

Shareholding pattern is currently not available for this company.

Documents