ALFA Finder| 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
- ₹794.00
- Market cap
- ₹15,880 Cr
- Revenue (annual)
- ₹1,530 Cr
- Net profit (annual)
- ₹379.7 Cr
- P/E (TTM)
- 39.7×Sector 20.8×
- Promoter holding
- 0.00%+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 National Securities Depository Ltd
All →National Securities Depository Business Update
NSDL filed its updated Code for Fair Disclosure of UPSI under Regulation 8(2) of PIT Regulations. The revised code, version 1.3, was approved on 31 October 2026.
National Securities Depository Earnings Call Transcript: Key Takeaways
Consolidated total income rose 34.8%, but PAT grew only 10.9% as tech and talent spending compressed margins. Management declined numeric guidance and deflected pricing questions.
National Securities Depository Investor Presentation: Key Takeaways
Q2 FY27 standalone revenue ₹227.8cr (+11.6% YoY), PAT ₹126.7cr (+5.2%). Consolidated revenue +36.5%, PAT +10.9%. Focus on DEMAT 2.0, tokenised bonds and NPBL growth.
National Securities Depository Results Update
NSDL reported Q2 FY27 standalone total income growth of 11.7% and H1 FY27 growth of 13.3%. Consolidated net profit rose 10.9% in Q2 FY27 per the press release.
National Securities Depository Q2 FY27 Results: Net Profit ₹122.5 Cr, Up 11.0% YoY
National Securities Depository Ltd reported revenue from operations of ₹545.9 Cr (+36.5% YoY) and net profit of ₹122.5 Cr (+11.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹122.5 Cr · +11.0% YoY
National Securities Depository Other Announcement
National Securities Depository Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, as per SEBI regulations.