Central Depository Services (India) Ltd
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 ₹ 6,522 Cr.
- Current Price ₹ 624
- High / Low ₹ 638 / 180
- Stock P/E 36.8
- Book Value ₹ 73.8
- Dividend Yield 0.72 %
- ROCE 19.6 %
- ROE 15.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 38.86%
Cons
- Stock is trading at 8.45 times its book value
- Promoter holding is low: 20.00%
- Earnings include an other income of Rs.62.86 Cr.
- Promoter holding has decreased over last 3 years: -4.00%
Peer comparison
Sector: Miscellaneous Industry: Miscellaneous
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 50 | 46 | 54 | 46 | 51 | 58 | 53 | 54 | 60 | 65 | 89 | 86 | |
| 22 | 20 | 21 | 24 | 23 | 36 | 28 | 38 | 34 | 27 | 35 | 30 | |
| Operating Profit | 28 | 26 | 33 | 22 | 28 | 23 | 25 | 16 | 26 | 38 | 54 | 56 |
| OPM % | 55% | 56% | 61% | 49% | 55% | 39% | 47% | 30% | 43% | 58% | 61% | 65% |
| Other Income | 12 | 5 | 10 | 16 | 18 | 15 | 17 | 14 | 13 | 21 | 12 | 17 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 3 |
| Profit before tax | 37 | 28 | 40 | 36 | 43 | 35 | 38 | 27 | 36 | 56 | 64 | 71 |
| Tax % | 29% | 22% | 25% | 22% | 21% | 20% | 24% | 21% | 21% | 17% | 23% | 23% |
| Net Profit | 26 | 22 | 30 | 28 | 34 | 27 | 29 | 21 | 29 | 46 | 49 | 54 |
| EPS in Rs | 2.47 | 2.09 | 2.87 | 2.69 | 3.21 | 2.62 | 2.80 | 1.99 | 2.74 | 4.42 | 4.67 | 5.14 |
| Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104 | 94 | 96 | 91 | 89 | 105 | 123 | 146 | 188 | 196 | 225 | 300 | |
| 30 | 33 | 38 | 56 | 56 | 60 | 59 | 67 | 77 | 87 | 136 | 126 | |
| Operating Profit | 74 | 61 | 58 | 35 | 33 | 45 | 64 | 79 | 110 | 109 | 89 | 174 |
| OPM % | 71% | 65% | 60% | 39% | 37% | 43% | 52% | 54% | 59% | 56% | 40% | 58% |
| Other Income | 0 | 17 | 24 | 33 | 35 | 23 | 72 | 41 | 38 | 49 | 59 | 63 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 6 | 6 | 4 | 3 | 5 | 6 | 4 | 4 | 7 | 10 | 12 | 11 |
| Profit before tax | 69 | 72 | 78 | 66 | 62 | 63 | 131 | 117 | 141 | 148 | 136 | 226 |
| Tax % | 29% | 29% | 29% | 23% | 21% | 31% | 31% | 26% | 27% | 23% | 22% | |
| Net Profit | 49 | 51 | 55 | 51 | 49 | 44 | 91 | 86 | 103 | 114 | 106 | 177 |
| 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 | 16.97 |
| Dividend Payout % | 26% | 25% | 33% | 41% | 42% | 53% | 29% | 37% | 35% | 37% | 44% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 16% |
| 3 Years: | 16% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 24% |
| 3 Years: | 7% |
| TTM: | 59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| 1 Year: | 136% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 17% |
| 3 Years: | 17% |
| Last Year: | 15% |
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 | Sep 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | |
| Reserves | 125 | 161 | 199 | 224 | 249 | 265 | 375 | 429 | 494 | 564 | 619 | 667 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 39 | 45 | 66 | 87 | 101 | 122 | 74 | 73 | 92 | 116 | 138 | 202 | |
| Total Liabilities | 268 | 311 | 369 | 416 | 455 | 491 | 553 | 606 | 690 | 784 | 862 | 973 |
| 12 | 8 | 6 | 8 | 10 | 7 | 4 | 5 | 76 | 75 | 74 | 72 | |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 222 | 205 | 307 | 342 | 375 | 389 | 457 | 503 | 521 | 593 | 665 | 666 |
| 35 | 98 | 55 | 64 | 70 | 95 | 92 | 98 | 93 | 115 | 123 | 235 | |
| Total Assets | 268 | 311 | 369 | 416 | 455 | 491 | 553 | 606 | 690 | 784 | 862 | 973 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 33 | 45 | 40 | 24 | 35 | 43 | 28 | 43 | 79 | 86 | 82 | |
| -89 | -29 | -35 | -6 | -13 | -19 | 0 | 18 | -67 | -67 | -33 | |
| -12 | -15 | -4 | -18 | -23 | -23 | -28 | -31 | -38 | -20 | -51 | |
| Net Cash Flow | -68 | 1 | -0 | -0 | -1 | 0 | 1 | 29 | -26 | -1 | -1 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 29% | 25% | 15% | 12% | 14% | 23% | 23% | 25% | 23% | 20% | |
| Debtor Days | 18 | 30 | 25 | 34 | 25 | 24 | 39 | 33 | 37 | 36 | 42 |
| Inventory Turnover |