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.Read more
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.Read more
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.Read more
Central Depository Services (India) Limited, together with its subsidiaries, provides depository services in India. It operates through Depository; Data Entry and Storage; and Repository segments. The Depository segment offers various services to investors, such as dematerialisation, rematerialisation, holding, transfer, and pledge of securities in electronic form; and e-voting services to companies. Its Data Entry and Stroage segment provides centralized record keeping of KYC document of capital market investors. The Repository segment offers policyholders/warehouse receipt holders a facility to keep insurance policies/warehouse receipts in electronic form and to undertake changes, modifications, and revisions in the policy/receipt. It also provides account opening, processing delivery and receipt instructions, pledging, nomination, transmission of securities, change in address, bank account details, and SMS services for depository participants (DPs). In addition, the company offers various services, such as electronic access to security information, electronic access to security information and execution of secured transaction, SMS alerts related to transactions, electronic consolidated account statements, and virtual annual general meetings; Myeasi mobile application; application programming interfaces for DPs, electronic delivery instruction slip, and electronic margin pledge; and electronic foreign investment monitoring, electronic system driven disclosure services, and electronic notices, as well as e-locker services. Further, it provides KYC registration agency, eKYC, electronic signature service, tax filing, stamp duty calendar, electronic negotiable warehouse receipts and electronic non-negotiable warehouse receipts, and electronic insurance account. The company serves market participants, exchanges, clearing corporations, DPs, issuers, and investors. Central Depository Services (India) Limited was incorporated in 1997 and is based in Mumbai, India.
