Central Depository Services (India) Ltd.
•₹ 1,388.93.19%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Depository Activity: 83.8% • Data Entry and Storage: 15.9% • Repository: 0.3%
PROS
- Company has delivered good profit growth of 23.9% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 43.8%
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.9%
- Company has delivered good sales growth of 28.8% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.93x)
CONS
- Operating margins have contracted to 54.4% from 80.0%
- Stock is trading at 14.6x its book value
- Expensive relative to growth - PEG of 2.5
- Rich enterprise valuation - EV/EBITDA of 35.5x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | CDSL | 1345.90 | 59.69 | 28129.31 | 0.95 | 117.67 | 14.91 | 292.76 | 13.12 | 32.75 | 47.19 |
| 2. | CAMS | 750.00 | 37.63 | 18622.32 | 1.67 | 127.09 | 17.64 | 395.03 | 11.54 | 52.08 | 46.20 |
| 3. | KFINTECH | 962.00 | 48.67 | 16630.29 | 1.25 | 75.21 | -2.64 | 356.54 | 30.09 | 30.70 | 34.14 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 123 | 164 | 170 | 185 | 198 | 248 | 221 | 182 | 222 | 272 | 254 | 212 | 247 | |
| 53 | 61 | 64 | 71 | 76 | 93 | 90 | 91 | 103 | 111 | 111 | 113 | 137 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 48 | 18 | 16 | 20 | 23 | 76 | 14 | 23 | 91 | 18 | 24 | 3 | 80 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 5 | 5 | 6 | 8 | 10 | 11 | 12 | 13 | 13 | 14 | 14 | 16 |
| 112 | 116 | 116 | 128 | 136 | 221 | 134 | 102 | 197 | 165 | 154 | 87 | 189 | |
| Tax % | 17.99% | 24.45% | 26.32% | 23.63% | 22.85% | 22.56% | 21.96% | 20.54% | 22.76% | 22.91% | 22.21% | 21.12% | 23.70% |
| Net Profit | 92 | 88 | 86 | 97 | 105 | 171 | 105 | 81 | 152 | 128 | 120 | 69 | 144 |
| 9 | 4 | 4 | 5 | 5 | 8 | 5 | 4 | 7 | 6 | 6 | 3 | 1 | |
| Equity Capital | 104 | 104 | 104 | 104 | 104 | 209 | 209 | 209 | 209 | 209 | 209 | 209 | 209 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 104 | 104 | 104 | 104 | 104 | 209 | 209 | 209 | 209 | 209 | 209 | 209 | 209 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 123
- 53
- Operating Profit
- —
- OPM %
- —
- Other Income
- 48
- Interest
- 0
- Depreciation
- 4
- 112
- Tax %
- 17.99%
- Net Profit
- 92
- 9
- Equity Capital
- 104
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 104
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 164
- 61
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 0
- Depreciation
- 5
- 116
- Tax %
- 24.45%
- Net Profit
- 88
- 4
- Equity Capital
- 104
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 104
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 170
- 64
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 0
- Depreciation
- 5
- 116
- Tax %
- 26.32%
- Net Profit
- 86
- 4
- Equity Capital
- 104
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 104
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 185
- 71
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 0
- Depreciation
- 6
- 128
- Tax %
- 23.63%
- Net Profit
- 97
- 5
- Equity Capital
- 104
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 104
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 198
- 76
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 0
- Depreciation
- 8
- 136
- Tax %
- 22.85%
- Net Profit
- 105
- 5
- Equity Capital
- 104
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 104
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 248
- 93
- Operating Profit
- —
- OPM %
- —
- Other Income
- 76
- Interest
- 0
- Depreciation
- 10
- 221
- Tax %
- 22.56%
- Net Profit
- 171
- 8
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 221
- 90
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 0
- Depreciation
- 11
- 134
- Tax %
- 21.96%
- Net Profit
- 105
- 5
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 182
- 91
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 0
- Depreciation
- 12
- 102
- Tax %
- 20.54%
- Net Profit
- 81
- 4
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 222
- 103
- Operating Profit
- —
- OPM %
- —
- Other Income
- 91
- Interest
- 0
- Depreciation
- 13
- 197
- Tax %
- 22.76%
- Net Profit
- 152
- 7
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 272
- 111
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 0
- Depreciation
- 13
- 165
- Tax %
- 22.91%
- Net Profit
- 128
- 6
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 254
- 111
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 0
- Depreciation
- 14
- 154
- Tax %
- 22.21%
- Net Profit
- 120
- 6
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 212
- 113
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 14
- 87
- Tax %
- 21.12%
- Net Profit
- 69
- 3
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 247
- 137
- Operating Profit
- —
- OPM %
- —
- Other Income
- 80
- Interest
- 0
- Depreciation
- 16
- 189
- Tax %
- 23.70%
- Net Profit
- 144
- 1
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 209
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 122 | 151 | 152 | 168 | 271 | 415 | 451 | 641 | 848 | 960 | 985 | |
| 60 | 66 | 71 | 106 | 99 | 133 | 184 | 249 | 350 | 438 | 472 | |
| Operating Profit | 95 | 113 | 118 | 106 | 214 | 347 | 360 | 494 | 634 | 658 | — |
| OPM % | 78 | 75 | 77 | 63 | 79 | 84 | 80 | 77 | 75 | 68 | — |
| Other Income | 34 | 28 | 36 | 43 | 42 | 65 | 93 | 102 | 136 | 135 | 125 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 6 | 8 | 9 | 7 | 10 | 16 | 21 | 41 | 54 | 57 |
| 92 | 106 | 110 | 97 | 206 | 337 | 344 | 473 | 594 | 604 | 596 | |
| Tax % | 26 | 27 | 23 | 20 | 22 | 22 | 21 | 23 | 22 | 22 | 23 |
| Net Profit | 68 | 78 | 84 | 77 | 160 | 264 | 272 | 363 | 462 | 468 | 461 |
| EPS | 6 | 7 | 7 | 7 | 15 | 25 | 26 | 35 | 22 | 22 | — |
| Dividend Payout % | 46 | 47 | 50 | 61 | 59 | 59 | 61 | 63 | 57 | 57 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 4 | 4 | 4 | 8 | 13 | 13 | 17 | 22 | 22 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 4 | 4 | 4 | 8 | 13 | 13 | 17 | 22 | 22 | — |
Mar 2017
- 122
- 60
- Operating Profit
- 95
- OPM %
- 78
- Other Income
- 34
- Interest
- 0
- Depreciation
- 3
- 92
- Tax %
- 26
- Net Profit
- 68
- EPS
- 6
- Dividend Payout %
- 46
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2018
- 151
- 66
- Operating Profit
- 113
- OPM %
- 75
- Other Income
- 28
- Interest
- 0
- Depreciation
- 6
- 106
- Tax %
- 27
- Net Profit
- 78
- EPS
- 7
- Dividend Payout %
- 47
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2019
- 152
- 71
- Operating Profit
- 118
- OPM %
- 77
- Other Income
- 36
- Interest
- 0
- Depreciation
- 8
- 110
- Tax %
- 23
- Net Profit
- 84
- EPS
- 7
- Dividend Payout %
- 50
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2020
- 168
- 106
- Operating Profit
- 106
- OPM %
- 63
- Other Income
- 43
- Interest
- 0
- Depreciation
- 9
- 97
- Tax %
- 20
- Net Profit
- 77
- EPS
- 7
- Dividend Payout %
- 61
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2021
- 271
- 99
- Operating Profit
- 214
- OPM %
- 79
- Other Income
- 42
- Interest
- 0
- Depreciation
- 7
- 206
- Tax %
- 22
- Net Profit
- 160
- EPS
- 15
- Dividend Payout %
- 59
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2022
- 415
- 133
- Operating Profit
- 347
- OPM %
- 84
- Other Income
- 65
- Interest
- 0
- Depreciation
- 10
- 337
- Tax %
- 22
- Net Profit
- 264
- EPS
- 25
- Dividend Payout %
- 59
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2023
- 451
- 184
- Operating Profit
- 360
- OPM %
- 80
- Other Income
- 93
- Interest
- 0
- Depreciation
- 16
- 344
- Tax %
- 21
- Net Profit
- 272
- EPS
- 26
- Dividend Payout %
- 61
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2024
- 641
- 249
- Operating Profit
- 494
- OPM %
- 77
- Other Income
- 102
- Interest
- 0
- Depreciation
- 21
- 473
- Tax %
- 23
- Net Profit
- 363
- EPS
- 35
- Dividend Payout %
- 63
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2025
- 848
- 350
- Operating Profit
- 634
- OPM %
- 75
- Other Income
- 136
- Interest
- 0
- Depreciation
- 41
- 594
- Tax %
- 22
- Net Profit
- 462
- EPS
- 22
- Dividend Payout %
- 57
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
Mar 2026
- 960
- 438
- Operating Profit
- 658
- OPM %
- 68
- Other Income
- 135
- Interest
- 0
- Depreciation
- 54
- 604
- Tax %
- 22
- Net Profit
- 468
- EPS
- 22
- Dividend Payout %
- 57
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
TTM
- 985
- 472
- Operating Profit
- —
- OPM %
- —
- Other Income
- 125
- Interest
- 0
- Depreciation
- 57
- 596
- Tax %
- 23
- Net Profit
- 461
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 25%
- 5 Years:
- 29%
- 3 Years:
- 29%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 20%
- 5 Years:
- 24%
- 3 Years:
- 20%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 18%
- 3 Years:
- 34%
- 1 Year:
- -12%
RETURN ON EQUITY
- 10 Years:
- 25%
- 5 Years:
- 33%
- 3 Years:
- 34%
- Last Year:
- 31%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 104 | 209 | 209 |
| 358 | 398 | 438 | 465 | 578 | 746 | 861 | 1,055 | 1,182 | 1,389 | |
| Trade Payables | 8 | 2 | 2 | 6 | 7 | 6 | 13 | 17 | 27 | 38 |
| 200 | 66 | 65 | 78 | 406 | 478 | 169 | 534 | 715 | 743 | |
| Total Liabilities | 670 | 570 | 609 | 653 | 1,096 | 1,335 | 1,148 | 1,711 | 2,133 | 2,379 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 5 | 75 | 72 | 72 | 71 | 103 | 109 | 324 | 357 | 400 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 10 | 0 | 173 | 0 | 6 | 0 |
| 462 | 432 | 482 | 524 | 576 | 717 | 740 | 905 | 1,086 | 1,256 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31 | 31 | 36 | |
| Cash & Bank | 12 | 32 | 18 | 24 | 114 | 126 | 48 | 45 | 159 | 63 |
| 192 | 32 | 37 | 32 | 325 | 389 | 79 | 407 | 494 | 624 | |
| Total Assets | 670 | 570 | 609 | 653 | 1,096 | 1,335 | 1,148 | 1,711 | 2,133 | 2,379 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 156 | 41 | 19 | 199 | 376 | 575 | 365 | 449 | 673 | 604 |
| Contingent Liabilities | 40 | 40 | 40 | 1 | 1 | 24 | 18 | 5 | 10 | 12 |
| Book Value per Share | 44.24 | 48.06 | 51.92 | 54.51 | 65.32 | 81.35 | 92.43 | 110.99 | 66.57 | 76.47 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 156 | 41 | 19 | 199 | 376 | 575 | 365 | 449 | 673 | 604 |
| Contingent Liabilities | 40 | 40 | 40 | 1 | 1 | 24 | 18 | 5 | 10 | 12 |
| Book Value per Share | 44.24 | 48.06 | 51.92 | 54.51 | 65.32 | 81.35 | 92.43 | 110.99 | 66.57 | 76.47 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 104
- 358
- Trade Payables
- 8
- 200
- Total Liabilities
- 670
- 5
- Capital Work in Progress
- 0
- 462
- 0
- Cash & Bank
- 12
- 192
- Total Assets
- 670
- Total Debt
- 0
- Net Working Capital
- 156
- Contingent Liabilities
- 40
- Book Value per Share
- 44.24
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 156
- Contingent Liabilities
- 40
- Book Value per Share
- 44.24
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 104
- 398
- Trade Payables
- 2
- 66
- Total Liabilities
- 570
- 75
- Capital Work in Progress
- 0
- 432
- 0
- Cash & Bank
- 32
- 32
- Total Assets
- 570
- Total Debt
- 0
- Net Working Capital
- 41
- Contingent Liabilities
- 40
- Book Value per Share
- 48.06
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 41
- Contingent Liabilities
- 40
- Book Value per Share
- 48.06
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 104
- 438
- Trade Payables
- 2
- 65
- Total Liabilities
- 609
- 72
- Capital Work in Progress
- 0
- 482
- 0
- Cash & Bank
- 18
- 37
- Total Assets
- 609
- Total Debt
- 0
- Net Working Capital
- 19
- Contingent Liabilities
- 40
- Book Value per Share
- 51.92
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 19
- Contingent Liabilities
- 40
- Book Value per Share
- 51.92
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 104
- 465
- Trade Payables
- 6
- 78
- Total Liabilities
- 653
- 72
- Capital Work in Progress
- 0
- 524
- 0
- Cash & Bank
- 24
- 32
- Total Assets
- 653
- Total Debt
- 0
- Net Working Capital
- 199
- Contingent Liabilities
- 1
- Book Value per Share
- 54.51
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 199
- Contingent Liabilities
- 1
- Book Value per Share
- 54.51
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 104
- 578
- Trade Payables
- 7
- 406
- Total Liabilities
- 1,096
- 71
- Capital Work in Progress
- 10
- 576
- 0
- Cash & Bank
- 114
- 325
- Total Assets
- 1,096
- Total Debt
- 0
- Net Working Capital
- 376
- Contingent Liabilities
- 1
- Book Value per Share
- 65.32
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 376
- Contingent Liabilities
- 1
- Book Value per Share
- 65.32
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 104
- 746
- Trade Payables
- 6
- 478
- Total Liabilities
- 1,335
- 103
- Capital Work in Progress
- 0
- 717
- 0
- Cash & Bank
- 126
- 389
- Total Assets
- 1,335
- Total Debt
- 0
- Net Working Capital
- 575
- Contingent Liabilities
- 24
- Book Value per Share
- 81.35
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 575
- Contingent Liabilities
- 24
- Book Value per Share
- 81.35
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 104
- 861
- Trade Payables
- 13
- 169
- Total Liabilities
- 1,148
- 109
- Capital Work in Progress
- 173
- 740
- 0
- Cash & Bank
- 48
- 79
- Total Assets
- 1,148
- Total Debt
- 0
- Net Working Capital
- 365
- Contingent Liabilities
- 18
- Book Value per Share
- 92.43
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 365
- Contingent Liabilities
- 18
- Book Value per Share
- 92.43
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 104
- 1,055
- Trade Payables
- 17
- 534
- Total Liabilities
- 1,711
- 324
- Capital Work in Progress
- 0
- 905
- 31
- Cash & Bank
- 45
- 407
- Total Assets
- 1,711
- Total Debt
- 0
- Net Working Capital
- 449
- Contingent Liabilities
- 5
- Book Value per Share
- 110.99
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 449
- Contingent Liabilities
- 5
- Book Value per Share
- 110.99
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 209
- 1,182
- Trade Payables
- 27
- 715
- Total Liabilities
- 2,133
- 357
- Capital Work in Progress
- 6
- 1,086
- 31
- Cash & Bank
- 159
- 494
- Total Assets
- 2,133
- Total Debt
- 0
- Net Working Capital
- 673
- Contingent Liabilities
- 10
- Book Value per Share
- 66.57
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 673
- Contingent Liabilities
- 10
- Book Value per Share
- 66.57
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 209
- 1,389
- Trade Payables
- 38
- 743
- Total Liabilities
- 2,379
- 400
- Capital Work in Progress
- 0
- 1,256
- 36
- Cash & Bank
- 63
- 624
- Total Assets
- 2,379
- Total Debt
- 0
- Net Working Capital
- 604
- Contingent Liabilities
- 12
- Book Value per Share
- 76.47
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 604
- Contingent Liabilities
- 12
- Book Value per Share
- 76.47
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 33 | 65 | 73 | 64 | 169 | 232 | 207 | 334 | 443 | 431 | |
| Cash from Investing | -2 | -23 | -55 | -14 | -82 | -114 | -67 | -204 | -206 | -154 |
| Cash from Financing | -31 | -38 | -20 | -51 | -47 | -94 | -157 | -167 | -230 | -262 |
| -0 | 4 | -2 | -1 | 39 | 24 | -18 | -37 | 7 | 15 | |
| Free Cash Flow | 29 | -12 | 68 | 56 | 153 | 201 | 13 | 275 | 370 | 350 |
| OCF / Net Profit | 0.49 | 0.83 | 0.87 | 0.82 | 1.06 | 0.88 | 0.76 | 0.92 | 0.96 | 0.92 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 293 | 466 | 490 | 698 | 1,012 | 1,210 |
| OCF / Net Profit | 0.49 | 0.83 | 0.87 | 0.82 | 1.06 | 0.88 | 0.76 | 0.92 | 0.96 | 0.92 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 293 | 466 | 490 | 698 | 1,012 | 1,210 |
Mar 2017
- 33
- Cash from Investing
- -2
- Cash from Financing
- -31
- -0
- Free Cash Flow
- 29
- OCF / Net Profit
- 0.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.49
- Cumulative 5-Year FCF
- 0
Mar 2018
- 65
- Cash from Investing
- -23
- Cash from Financing
- -38
- 4
- Free Cash Flow
- -12
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 0
Mar 2019
- 73
- Cash from Investing
- -55
- Cash from Financing
- -20
- -2
- Free Cash Flow
- 68
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 0
Mar 2020
- 64
- Cash from Investing
- -14
- Cash from Financing
- -51
- -1
- Free Cash Flow
- 56
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 0
Mar 2021
- 169
- Cash from Investing
- -82
- Cash from Financing
- -47
- 39
- Free Cash Flow
- 153
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 293
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 293
Mar 2022
- 232
- Cash from Investing
- -114
- Cash from Financing
- -94
- 24
- Free Cash Flow
- 201
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 466
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 466
Mar 2023
- 207
- Cash from Investing
- -67
- Cash from Financing
- -157
- -18
- Free Cash Flow
- 13
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 490
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 490
Mar 2024
- 334
- Cash from Investing
- -204
- Cash from Financing
- -167
- -37
- Free Cash Flow
- 275
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- 698
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- 698
Mar 2025
- 443
- Cash from Investing
- -206
- Cash from Financing
- -230
- 7
- Free Cash Flow
- 370
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 1,012
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 1,012
Mar 2026
- 431
- Cash from Investing
- -154
- Cash from Financing
- -262
- 15
- Free Cash Flow
- 350
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- 1,210
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- 1,210
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 6.49 | 7.43 | 8.07 | 7.40 | 15.32 | 25.24 | 26.04 | 34.77 | 22.11 | 22.40 |
| Book Value (₹) | 44.24 | 48.06 | 51.92 | 54.51 | 65.32 | 81.35 | 92.43 | 110.99 | 66.57 | 76.47 |
| Dividend per Share (₹) | 3.00 | 3.50 | 4.00 | 4.50 | 9.00 | 15.00 | 16.00 | 22.00 | 12.50 | 12.75 |
| Cash EPS (₹) | 3.41 | 4.03 | 4.43 | 4.12 | 8.01 | 13.10 | 13.78 | 18.40 | 24.05 | 24.99 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 78.38% | 74.82% | 77.40% | 62.97% | 78.97% | 83.76% | 79.97% | 61.17% | 58.69% | 54.39% |
| Net Margin % | 55.79% | 51.51% | 55.39% | 45.98% | 59.15% | 63.59% | 60.38% | 56.68% | 54.48% | 48.75% |
| ROE % | 15.27% | 16.11% | 16.15% | 13.90% | 25.56% | 34.42% | 29.97% | 34.18% | 36.23% | 31.32% |
| ROCE % | 20.67% | 22.06% | 20.99% | 17.48% | 32.96% | 44.02% | 37.94% | 44.48% | 46.53% | 40.39% |
| 10.60% | 12.53% | 14.31% | 12.25% | 18.30% | 21.70% | 21.92% | 25.41% | 24.04% | 20.75% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 28 | 24 | 24 | 23 | 24 | 23 | 21 | 15 | 13 | 13 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 28 | 24 | 24 | 23 | 24 | 23 | 21 | 15 | 13 | 13 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 0.00x | 0.00x | 0.00x | 3306.15x | 8973.43x | 0.00x | 0.00x | 0.00x | 0.00x | 4368.25x |
| 2.18x | 1.59x | 1.27x | 3.48x | 2.38x | 3.20x | 3.14x | 2.41x | 2.12x | 1.85x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 19.54% | 24.02% | 1.00% | 10.38% | 60.92% | 53.30% | 8.63% | 42.25% | 32.33% | 13.23% |
| Operating Profit Growth % | 17.08% | 18.37% | 4.49% | -10.20% | 101.80% | 62.61% | 3.71% | 37.09% | 28.36% | 3.74% |
| Net Profit Growth % | -11.71% | 14.50% | 8.61% | -8.37% | 107.01% | 64.79% | 3.15% | 33.53% | 27.19% | 1.32% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 33.53% | -36.41% | 1.32% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 24.62x | 55.18x | 49.97x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 15.42x | 18.33x | 14.64x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.29% | 1.02% | 1.14% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 36.12x | 39.96x | 35.47x |
Mar 2017
- EPS (₹)
- 6.49
- Book Value (₹)
- 44.24
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 3.41
- Operating Margin %
- 78.38%
- Net Margin %
- 55.79%
- ROE %
- 15.27%
- ROCE %
- 20.67%
- 10.60%
- Debtor Days
- 28
- Inventory Days
- 0
- Payable Days
- 0
- 28
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 2.18x
- Revenue Growth %
- 19.54%
- Operating Profit Growth %
- 17.08%
- Net Profit Growth %
- -11.71%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 7.43
- Book Value (₹)
- 48.06
- Dividend per Share (₹)
- 3.50
- Cash EPS (₹)
- 4.03
- Operating Margin %
- 74.82%
- Net Margin %
- 51.51%
- ROE %
- 16.11%
- ROCE %
- 22.06%
- 12.53%
- Debtor Days
- 24
- Inventory Days
- 0
- Payable Days
- 0
- 24
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 1.59x
- Revenue Growth %
- 24.02%
- Operating Profit Growth %
- 18.37%
- Net Profit Growth %
- 14.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 8.07
- Book Value (₹)
- 51.92
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 4.43
- Operating Margin %
- 77.40%
- Net Margin %
- 55.39%
- ROE %
- 16.15%
- ROCE %
- 20.99%
- 14.31%
- Debtor Days
- 24
- Inventory Days
- 0
- Payable Days
- 0
- 24
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 1.27x
- Revenue Growth %
- 1.00%
- Operating Profit Growth %
- 4.49%
- Net Profit Growth %
- 8.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 7.40
- Book Value (₹)
- 54.51
- Dividend per Share (₹)
- 4.50
- Cash EPS (₹)
- 4.12
- Operating Margin %
- 62.97%
- Net Margin %
- 45.98%
- ROE %
- 13.90%
- ROCE %
- 17.48%
- 12.25%
- Debtor Days
- 23
- Inventory Days
- 0
- Payable Days
- 0
- 23
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 3306.15x
- 3.48x
- Revenue Growth %
- 10.38%
- Operating Profit Growth %
- -10.20%
- Net Profit Growth %
- -8.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 15.32
- Book Value (₹)
- 65.32
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 8.01
- Operating Margin %
- 78.97%
- Net Margin %
- 59.15%
- ROE %
- 25.56%
- ROCE %
- 32.96%
- 18.30%
- Debtor Days
- 24
- Inventory Days
- 0
- Payable Days
- 0
- 24
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 8973.43x
- 2.38x
- Revenue Growth %
- 60.92%
- Operating Profit Growth %
- 101.80%
- Net Profit Growth %
- 107.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 25.24
- Book Value (₹)
- 81.35
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 13.10
- Operating Margin %
- 83.76%
- Net Margin %
- 63.59%
- ROE %
- 34.42%
- ROCE %
- 44.02%
- 21.70%
- Debtor Days
- 23
- Inventory Days
- 0
- Payable Days
- 0
- 23
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 3.20x
- Revenue Growth %
- 53.30%
- Operating Profit Growth %
- 62.61%
- Net Profit Growth %
- 64.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 26.04
- Book Value (₹)
- 92.43
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 13.78
- Operating Margin %
- 79.97%
- Net Margin %
- 60.38%
- ROE %
- 29.97%
- ROCE %
- 37.94%
- 21.92%
- Debtor Days
- 21
- Inventory Days
- 0
- Payable Days
- 0
- 21
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 3.14x
- Revenue Growth %
- 8.63%
- Operating Profit Growth %
- 3.71%
- Net Profit Growth %
- 3.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 34.77
- Book Value (₹)
- 110.99
- Dividend per Share (₹)
- 22.00
- Cash EPS (₹)
- 18.40
- Operating Margin %
- 61.17%
- Net Margin %
- 56.68%
- ROE %
- 34.18%
- ROCE %
- 44.48%
- 25.41%
- Debtor Days
- 15
- Inventory Days
- 0
- Payable Days
- 0
- 15
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 2.41x
- Revenue Growth %
- 42.25%
- Operating Profit Growth %
- 37.09%
- Net Profit Growth %
- 33.53%
- 33.53%
- P/E (x)
- 24.62x
- P/B (x)
- 15.42x
- Dividend Yield %
- 1.29%
- 36.12x
Mar 2025
- EPS (₹)
- 22.11
- Book Value (₹)
- 66.57
- Dividend per Share (₹)
- 12.50
- Cash EPS (₹)
- 24.05
- Operating Margin %
- 58.69%
- Net Margin %
- 54.48%
- ROE %
- 36.23%
- ROCE %
- 46.53%
- 24.04%
- Debtor Days
- 13
- Inventory Days
- 0
- Payable Days
- 0
- 13
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 2.12x
- Revenue Growth %
- 32.33%
- Operating Profit Growth %
- 28.36%
- Net Profit Growth %
- 27.19%
- -36.41%
- P/E (x)
- 55.18x
- P/B (x)
- 18.33x
- Dividend Yield %
- 1.02%
- 39.96x
Mar 2026
- EPS (₹)
- 22.40
- Book Value (₹)
- 76.47
- Dividend per Share (₹)
- 12.75
- Cash EPS (₹)
- 24.99
- Operating Margin %
- 54.39%
- Net Margin %
- 48.75%
- ROE %
- 31.32%
- ROCE %
- 40.39%
- 20.75%
- Debtor Days
- 13
- Inventory Days
- 0
- Payable Days
- 0
- 13
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 4368.25x
- 1.85x
- Revenue Growth %
- 13.23%
- Operating Profit Growth %
- 3.74%
- Net Profit Growth %
- 1.32%
- 1.32%
- P/E (x)
- 49.97x
- P/B (x)
- 14.64x
- Dividend Yield %
- 1.14%
- 35.47x
Documents
Announcements
- General Updates
2026-08-13 - CDSL has informed the Exchange about SEBI Approval for investment in Open Network for Digital Commerce (ONDC).
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-07 - CDSL has informed the Exchange about Transcript of Analysts/Institutional Investor Meet/Con. Call held on August 03, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Feb 2026