| Revenue growth | FY26 consolidated revenue at ₹1,239 cr, up from ₹1,199 cr YoY. |
|---|---|
| Margins | Technology costs rising (₹162 cr consol) and now exceeding human resource costs. |
| Demand visibility | Strong; demat accounts reached 18.01 crores, 85-90% incremental market share. |
| Management confidence | High; emphasizing tech-based infrastructure and 80%+ market share in demat accounts. |
Growth
FY26 consolidated income reached ₹1,239 crores vs ₹1,199 crores YoY; standalone income grew 11.3% to ₹1,096 crores.
Outlook
Expanding presence in GIFT IFSC and leveraging the new Securities Market Code 2025 for consolidated growth.
Risks
Regulatory changes in KYC fetch/creation fees; market volatility impacting transaction volumes and IPO-related revenues.
Earnings Call filed with NSE, NSE: CDSL. Summary written with AI assistance from the document.
Central Depository Services (India) Ltd: key numbers
- Share price
- ₹1,318.00
- Market cap
- ₹27,546 Cr
- Revenue (annual)
- ₹1,145 Cr
- Net profit (annual)
- ₹456.1 Cr
- P/E (TTM)
- 58.5×Sector 22.0×
- Promoter holding
- 15.00%+0.00% QoQ
- FII holding
- 8.24%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Central Depository Services (India) Ltd
All →Central Depository Services (India) Management Change
CDSL appoints Kinjal Shah as CTO effective September 22, 2026, succeeding Amit Mahajan. Shah brings 25 years of experience from NSE, L&T, and J.P. Morgan.
Central Depository Services (India) Merger & Restructuring Worth ₹9.2 Cr
CDSL has subscribed to the second tranche of shares in India International Bullion Holding IFSC Limited (IIBHL) for ₹9.20 Crore, securing a 20% equity stake.
- Value
- ₹9.20 Cr
Central Depository Services (India) Earnings Call Transcript: Key Takeaways
CDSL reported strong operational growth with 58 lakh new accounts, but faced pricing headwinds in its KYC business (CVL) due to SEBI-mandated charge reductions.
Central Depository Services (India) Investor Presentation: Key Takeaways
CDSL reports solid Q1FY27 performance with Standalone Operating Income of ₹247 crore and Consolidated Net Profit of ₹118 crore. Strategy focuses on digitizing India's securities infrastructure and expanding depository services.
Central Depository Services (India) Q1 FY27 Results: Net Profit ₹117.7 Cr, Up 14.9% YoY
Central Depository Services (India) Ltd reported revenue from operations of ₹292.8 Cr (+13.1% YoY) and net profit of ₹117.7 Cr (+14.9% YoY) for Q1 FY27.
- Key figure
- Net profit ₹117.7 Cr · +14.9% YoY
Central Depository Services (India) Earnings Call: Key Takeaways
CDSL reports solid growth in demat accounts despite market volatility, crossing 18 crore accounts. Profitability is being challenged by heavy technology spends which now exceed human resource costs.