Central Depository Services (India) Ltd

About

Central Depository Services (India) Limited operates as a securities depository in India. The Company offers service for a range of clients, such as depositary participants and other capital market intermediaries, corporates, capital market intermediaries, insurance companies and others.

  • Market Cap 13,249 Cr.
  • Current Price 1,268
  • High / Low 1,579 / 442
  • Stock P/E 60.8
  • Book Value 83.9
  • Dividend Yield 0.71 %
  • ROCE 32.4 %
  • ROE 25.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 24.10% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 42.69%
  • Debtor days have improved from 35.03 to 25.21 days.

Cons

  • Stock is trading at 15.10 times its book value
  • Promoter holding has decreased over last 3 years: -4.00%

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
54 46 51 58 53 54 60 65 89 86 103 117
21 24 23 36 28 38 34 27 35 30 40 44
Operating Profit 33 22 28 23 25 16 26 38 54 56 63 74
OPM % 61% 49% 55% 39% 47% 30% 43% 58% 61% 65% 61% 63%
Other Income 10 16 18 15 17 14 13 21 12 17 7 13
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 3 3 3 3 3 3 2 3 3 2 2
Profit before tax 40 36 43 35 38 27 36 56 64 71 69 85
Tax % 25% 22% 21% 20% 24% 21% 21% 17% 23% 23% 25% 24%
Net Profit 30 28 34 27 29 21 29 46 49 54 52 64
EPS in Rs 2.87 2.69 3.21 2.62 2.80 1.99 2.74 4.42 4.67 5.14 4.95 6.11

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
104 94 96 91 89 105 123 146 188 196 215 344 396
30 33 36 55 56 60 59 67 77 87 125 132 148
Operating Profit 74 61 61 36 33 45 64 79 110 109 89 212 248
OPM % 71% 65% 63% 39% 37% 43% 52% 54% 59% 56% 42% 62% 63%
Other Income 0 17 22 33 35 23 72 41 38 49 59 57 49
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 6 4 3 5 6 4 4 7 10 12 9 8
Profit before tax 69 72 78 66 62 63 131 117 141 148 136 260 288
Tax % 29% 29% 29% 23% 21% 31% 31% 26% 27% 23% 22% 22%
Net Profit 49 51 55 51 49 44 91 86 103 114 106 200 218
EPS in Rs 4.66 4.89 5.30 4.89 4.72 4.18 8.71 8.21 9.87 10.86 10.16 19.17 20.87
Dividend Payout % 26% 25% 33% 41% 42% 53% 29% 37% 35% 37% 44% 47%
Compounded Sales Growth
10 Years:14%
5 Years:23%
3 Years:22%
TTM:71%
Compounded Profit Growth
10 Years:15%
5 Years:24%
3 Years:25%
TTM:75%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:78%
1 Year:167%
Return on Equity
10 Years:17%
5 Years:19%
3 Years:20%
Last Year:25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
104 104 104 104 104 104 104 104 104 104 104 104
Reserves 125 161 199 224 249 265 375 429 494 564 619 773
Borrowings 0 0 0 0 0 0 0 0 0 0 0 0
39 45 66 87 101 122 74 73 92 116 138 207
Total Liabilities 268 311 369 416 455 491 553 606 690 784 862 1,084
12 8 6 8 10 7 4 5 76 75 74 73
CWIP 0 0 0 1 0 0 0 0 0 0 0 23
Investments 222 205 307 342 375 389 457 503 521 593 665 709
35 98 55 64 70 95 92 98 93 115 123 278
Total Assets 268 311 369 416 455 491 553 606 690 784 862 1,084

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
33 45 40 24 35 43 28 43 79 86 82 193
-89 -29 -35 -6 -13 -19 0 18 -67 -67 -33 -107
-12 -15 -4 -18 -23 -23 -28 -31 -38 -20 -51 -47
Net Cash Flow -68 1 -0 -0 -1 0 1 29 -26 -1 -1 38

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 18 30 25 34 25 24 39 33 37 36 44 25
Inventory Days
Days Payable
Cash Conversion Cycle 18 30 25 34 25 24 39 33 37 36 44 25
Working Capital Days -96 -47 -87 -160 -223 -253 -109 -79 -92 -79 -90 -111
ROCE % 29% 25% 15% 12% 14% 23% 23% 25% 23% 20% 32%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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