Central Depository Services (India) Ltd

₹ 1,022 0.06%
02 Feb 12:19 p.m.
cdslindia.com NSE : CDSL
About

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]

Key Points

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]

Website NSE
  • 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
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
54 60 65 89 86 103 117 146 152 137 140 149 141
38 34 27 35 30 40 44 47 49 46 66 58 57
Operating Profit 16 26 38 54 56 63 74 99 103 90 75 91 85
OPM % 30% 43% 58% 61% 65% 61% 63% 68% 68% 66% 53% 61% 60%
14 13 21 12 17 7 13 19 11 15 6 21 20
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 2 3 3 2 2 3 3 4 4 5 5
Profit before tax 27 36 56 64 71 69 85 115 111 102 77 107 99
Tax % 21% 21% 17% 23% 23% 25% 24% 25% 25% 23% 25% 25% 25%
Net Profit 22 28 47 49 54 52 64 86 84 78 58 80 75
EPS in Rs 1.99 2.74 4.42 4.67 5.14 4.95 6.11 8.22 8.01 7.43 5.53 7.69 7.14
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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%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

DRHP