Central Depository Services (India) Limited provides depository services in India. More Details
Flawless balance sheet with acceptable track record.
Share Price & News
How has Central Depository Services (India)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CDSL's share price has been volatile over the past 3 months.
7 Day Return
IN Capital Markets
1 Year Return
IN Capital Markets
Return vs Industry: CDSL exceeded the Indian Capital Markets industry which returned 2.8% over the past year.
Return vs Market: CDSL exceeded the Indian Market which returned 0.9% over the past year.
Price Volatility Vs. Market
How volatile is Central Depository Services (India)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StCentral Depository Services (India) Limited's (NSE:CDSL) Share Price Matching Investor Opinion
3 weeks ago | Simply Wall StSome Confidence Is Lacking In Central Depository Services (India) Limited's (NSE:CDSL) P/E
3 weeks ago | Simply Wall StBe Sure To Check Out Central Depository Services (India) Limited (NSE:CDSL) Before It Goes Ex-Dividend
Is Central Depository Services (India) undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CDSL (₹485.95) is trading above our estimate of fair value (₹93.39)
Significantly Below Fair Value: CDSL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CDSL is poor value based on its PE Ratio (40.7x) compared to the IN Capital Markets industry average (17.5x).
PE vs Market: CDSL is poor value based on its PE Ratio (40.7x) compared to the Indian market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: CDSL is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: CDSL is overvalued based on its PB Ratio (7x) compared to the IN Capital Markets industry average (0.5x).
How is Central Depository Services (India) forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CDSL's forecast earnings growth (18.2% per year) is above the savings rate (7.2%).
Earnings vs Market: CDSL's earnings (18.2% per year) are forecast to grow slower than the Indian market (26.3% per year).
High Growth Earnings: CDSL's earnings are forecast to grow, but not significantly.
Revenue vs Market: CDSL's revenue (6% per year) is forecast to grow slower than the Indian market (11.8% per year).
High Growth Revenue: CDSL's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CDSL's Return on Equity is forecast to be high in 3 years time
How has Central Depository Services (India) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CDSL has high quality earnings.
Growing Profit Margin: CDSL's current net profit margins (42.6%) are lower than last year (45.3%).
Past Earnings Growth Analysis
Earnings Trend: CDSL's earnings have grown by 9.8% per year over the past 5 years.
Accelerating Growth: CDSL's earnings growth over the past year (4.9%) is below its 5-year average (9.8% per year).
Earnings vs Industry: CDSL earnings growth over the past year (4.9%) exceeded the Capital Markets industry -7.1%.
Return on Equity
High ROE: CDSL's Return on Equity (16.4%) is considered low.
How is Central Depository Services (India)'s financial position?
Financial Position Analysis
Short Term Liabilities: CDSL's short term assets (₹4.8B) exceed its short term liabilities (₹936.4M).
Long Term Liabilities: CDSL's short term assets (₹4.8B) exceed its long term liabilities (₹38.3M).
Debt to Equity History and Analysis
Debt Level: CDSL is debt free.
Reducing Debt: CDSL has not had any debt for past 5 years.
Debt Coverage: CDSL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CDSL has no debt, therefore coverage of interest payments is not a concern.
What is Central Depository Services (India) current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CDSL's dividend (0.93%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).
High Dividend: CDSL's dividend (0.93%) is low compared to the top 25% of dividend payers in the Indian market (2.29%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CDSL has been paying a dividend for less than 10 years.
Growing Dividend: CDSL's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.7%), CDSL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nehal Vora (47 yo)
Mr. Nehal Naleen Vora serves as Chief Executive Officer and Managing Director at Central Depository Services (India) Limited since September 24, 2019. Mr. Vora had been the Chief Regulatory Officer at BSE ...
CEO Compensation Analysis
Compensation vs Market: Nehal's total compensation ($USD294.13K) is about average for companies of similar size in the Indian market ($USD400.54K).
Compensation vs Earnings: Nehal's compensation has increased by more than 20% in the past year.
|CEO & MD and Director||1yr||₹21.72m||no data|
|Senior VP||no data||₹9.44m||0.0026% |
|Executive VP & COO||3yrs||₹14.79m||no data|
|Chief Compliance Officer & Company Secretary||no data||₹4.21m||no data|
|Executive VP & Head Business Development & New Projects||3yrs||₹12.55m||no data|
|Executive VP||no data||no data||no data|
|Vice President of Audit||4.42yrs||₹2.62m||no data|
|Executive Vice President||3yrs||no data||no data|
|Assistant Vice President||no data||no data||no data|
Experienced Management: CDSL's management team is considered experienced (3 years average tenure).
|CEO & MD and Director||1yr||₹21.72m||no data|
|Shareholder Director||3.83yrs||₹925.00k||no data|
|Independent Chairperson||0.67yr||₹1.15m||no data|
|Independent Public Interest Director||0.83yr||₹325.00k||no data|
|Independent Public Interest Director||0.83yr||₹475.00k||no data|
|Shareholder Director||0.92yr||₹175.00k||no data|
|Woman Director||0.83yr||₹475.00k||no data|
Experienced Board: CDSL's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Central Depository Services (India) Limited's company bio, employee growth, exchange listings and data sources
- Name: Central Depository Services (India) Limited
- Ticker: CDSL
- Exchange: NSEI
- Founded: 1997
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: ₹51.571b
- Shares outstanding: 104.50m
- Website: https://www.cdslindia.com
Number of Employees
- Central Depository Services (India) Limited
- Marathon Futurex
- 25th floor, A-Wing
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CDSL||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jun 2017|
Central Depository Services (India) Limited provides depository services in India. The company offers various services, such as account opening, dematerialization, processing delivery and receipt instructi ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/29 12:34|
|End of Day Share Price||2020/09/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.