Central Depository Services (India) Community

Key Takeaways Rising adoption of decentralized finance, increased cybersecurity spending, and potential fee caps threaten CDSL's revenue streams and margin stability. Slowing growth in new accounts and intensifying competition may limit future expansion, with revenue growth aligning closer to industry averages.

Key Takeaways Expanding digital financial infrastructure and regulatory shifts are set to significantly boost CDSL's revenue streams and improve profit margins beyond current market expectations. Early-stage mandates like dematerialization and public infrastructure integration position CDSL for dominant market share, higher user retention, and long-term earnings leverage.

Key Takeaways Expansion into digital and regulatory services is diversifying revenue streams and lowering dependence on cyclical transaction volumes. Continued growth in new demat accounts and financial market formalization underpins recurring revenue and long-term earnings potential.