| Revenue growth | Consolidated revenue up 23.6% YoY; standalone revenue up 13.9% for FY26. |
|---|---|
| Margins | Consolidated PAT margin at 22.9%; EBITDA margin at 60.8%. |
| Demand visibility | Demat account additions slowed, but IPO activity remains a key driver. |
| Management confidence | Balanced confidence, emphasizing strategic tech investments and market share gains. |
Growth
Standalone PAT grew 12.1% YoY to ₹360.6cr; Consolidated revenue rose 23.6% YoY to ₹486.8cr.
Outlook
Expects technology capex to plateau after FY27 as major system revamps conclude.
Risks
High dependency on capital market volumes and regulatory pricing interventions on annual issuer fees.
Earnings Call filed with BSE, NSE: NSDL. Summary written with AI assistance from the document.
National Securities Depository Ltd: key numbers
- Share price
- ₹772.00
- Market cap
- ₹15,440 Cr
- Revenue (annual)
- ₹1,530 Cr
- Net profit (annual)
- ₹379.7 Cr
- P/E (TTM)
- 39.8×Sector 22.0×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 11.69%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from National Securities Depository Ltd
All →National Securities Depository Annual General Meeting
National Securities Depository Limited held its 14th Annual General Meeting on September 22, 2026, via video conferencing to transact the business stated in the notice.
National Securities Depository Management Change
NSDL appointed Mr. Ankit Sharma as Executive Director (Vertical 2) for five years effective September 21, 2026, following SEBI and board approvals.
National Securities Depository Management Change
National Securities Depository Limited has appointed Dr. Arun Kumar Panda as a Non-Executive Independent Director for a 36-month term effective September 3, 2026.
National Securities Depository Investor Presentation: Key Takeaways
NSDL Q1 FY27 results show strong standalone growth with Net Profit up 7.9% YoY to ₹89.1cr and total income rising 15.3% to ₹219.7cr. The company maintains a 85.8% market share in total demat custody value.
National Securities Depository Q1 FY27 Results: Net Profit ₹98.3 Cr, Up 9.7% YoY
National Securities Depository Ltd reported revenue from operations of ₹516.6 Cr (+65.6% YoY) and net profit of ₹98.3 Cr (+9.7% YoY) for Q1 FY27.
- Key figure
- Net profit ₹98.3 Cr · +9.7% YoY
National Securities Depository Earnings Call: Key Takeaways
NSDL Q4 FY26 earnings call highlighting 23.6% YoY consolidated revenue growth and 10.8% FY26 PAT growth. Strategy focuses on digital transformation, expanding DP network, and growing subsidiary contributions.