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 ₹ 10,684 Cr.
- Current Price ₹ 1,022
- High / Low ₹ 1,606 / 1,000
- Stock P/E 36.8
- Book Value ₹ 103
- Dividend Yield 1.45 %
- ROCE 41.4 %
- ROE 31.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 29.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 47.2%
- Debtor days have improved from 38.1 to 30.3 days.
- Company's median sales growth is 16.5% of last 10 years
Cons
- Stock is trading at 9.97 times its book value
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
94 | 96 | 91 | 89 | 105 | 123 | 146 | 188 | 196 | 215 | 344 | 551 | 567 | |
33 | 36 | 55 | 56 | 60 | 59 | 67 | 77 | 87 | 125 | 132 | 186 | 226 | |
Operating Profit | 61 | 61 | 36 | 33 | 45 | 64 | 79 | 110 | 109 | 89 | 212 | 366 | 341 |
OPM % | 65% | 63% | 39% | 37% | 43% | 52% | 54% | 59% | 56% | 42% | 62% | 66% | 60% |
17 | 22 | 33 | 35 | 23 | 72 | 41 | 38 | 49 | 59 | 57 | 55 | 62 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 6 | 4 | 3 | 5 | 6 | 4 | 4 | 7 | 10 | 12 | 9 | 11 | 18 |
Profit before tax | 72 | 78 | 66 | 62 | 63 | 131 | 117 | 141 | 148 | 136 | 260 | 409 | 385 |
Tax % | 29% | 29% | 23% | 21% | 31% | 31% | 26% | 27% | 23% | 22% | 22% | 24% | |
Net Profit | 51 | 55 | 51 | 50 | 43 | 91 | 87 | 104 | 115 | 107 | 201 | 312 | 291 |
EPS in Rs | 4.89 | 5.30 | 4.89 | 4.72 | 4.18 | 8.71 | 8.21 | 9.87 | 10.86 | 10.16 | 19.17 | 29.78 | 27.79 |
Dividend Payout % | 25% | 33% | 41% | 42% | 53% | 29% | 37% | 35% | 37% | 44% | 47% | 50% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 30% |
3 Years: | 41% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 29% |
3 Years: | 40% |
TTM: | 2% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 59% |
1 Year: | -33% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 23% |
3 Years: | 25% |
Last Year: | 32% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | |
Reserves | 161 | 199 | 224 | 249 | 265 | 375 | 429 | 494 | 564 | 619 | 773 | 988 | 971 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | |
45 | 66 | 87 | 101 | 122 | 74 | 73 | 92 | 116 | 138 | 206 | 232 | 310 | |
Total Liabilities | 311 | 369 | 416 | 455 | 491 | 553 | 606 | 690 | 784 | 862 | 1,084 | 1,326 | 1,389 |
8 | 6 | 8 | 10 | 7 | 4 | 5 | 76 | 75 | 74 | 73 | 106 | 114 | |
CWIP | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23 | 4 | 0 |
Investments | 205 | 307 | 342 | 375 | 389 | 457 | 503 | 521 | 593 | 665 | 709 | 925 | 1,002 |
98 | 55 | 64 | 70 | 95 | 92 | 98 | 93 | 115 | 123 | 278 | 290 | 273 | |
Total Assets | 311 | 369 | 416 | 455 | 491 | 553 | 606 | 690 | 784 | 862 | 1,084 | 1,326 | 1,389 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
45 | 40 | 24 | 35 | 43 | 28 | 43 | 79 | 86 | 82 | 193 | 282 | |
-29 | -35 | -6 | -13 | -19 | 0 | 18 | -67 | -67 | -33 | -107 | -145 | |
-15 | -4 | -18 | -23 | -23 | -28 | -31 | -38 | -20 | -51 | -47 | -94 | |
Net Cash Flow | 1 | -0 | -0 | -1 | 0 | 1 | 29 | -26 | -1 | -1 | 38 | 44 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 30 | 25 | 34 | 25 | 24 | 39 | 33 | 37 | 36 | 44 | 40 | 30 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 30 | 25 | 34 | 25 | 24 | 39 | 33 | 37 | 36 | 44 | 40 | 30 |
Working Capital Days | -47 | -80 | -160 | -223 | -253 | -100 | -79 | -92 | -79 | -90 | -109 | -75 |
ROCE % | 29% | 25% | 15% | 12% | 14% | 23% | 23% | 25% | 23% | 20% | 32% | 41% |
Services
The company facilitates holding and transacting in securities in the electronic form and facilitates 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.
Services include - e-Voting, M-Voting, Myeasi Mobile App and e-Locker. [1][2]