National Securities Depository Ltd
National Securities Depository Ltd (NSDL): company summary
The company's business is improving, with annual revenue rising 7.7% and annual net profit growing 10.8%.
National Securities Depository Ltd (NSDL) is a small-cap Capital Markets company valued at ₹14,924 crore operating in Depository on the NSE and BSE.
- Recent price move
- National Securities Depository Ltd last traded at ₹744.3, modestly down 0.41% on the day.
- Recent developments
- 2026-10-09: NSDL reached a new lifetime low, falling 7% in FY27, while CDSL rose 13% but was down 38% from its peak. 2026-10-06: Strong IPO activity is expected to boost CDSL and NSDL's earnings in Q2 FY27, despite lower secondary-market trading volumes. 2026-09-23: NSDL highlighted its plan for demat accounts to surpass the combined population of Europe and the Americas by 2047, showcasing its DMAT 2.0 launch. 2026-09-11: NSDL's MD described Demat 2.0 as a system that will allow instant bond settlement using CBDC, reducing the time gap in securities transactions.
- Financial performance
- The company's business is improving, with annual revenue rising 7.7% and annual net profit growing 10.8%. The latest quarter saw revenue surge 65.6% compared to the same quarter a year earlier, though net profit only rose 9.7%.
- Valuation multiples
- The stock trades at 39.2 times earnings, 6.80 times book value. It yields 0.5%.
- Things to watch
- The stock is 36.7% below its 52-week high, and it has declined 48% from its peak. Foreign institutional holding fell 2.70 percentage points in the quarter, while domestic institutional holding rose slightly.
- Where it stands
- NSDL's revenue and profit have grown steadily over the past five years, with recent quarterly results showing strong revenue growth. The company's net profit margin has improved, and its return on capital employed remains robust. However, the stock is significantly below its 52-week high, and foreign institutional holdings have decreased.
Summarised by DocStoX's model on 2026-10-17 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.
Price performance
Supported by risk (9.1) and quality (7.0), but held back by momentum (0.0). Risk looks strong at 9.1, but that is offset by momentum at 0.0 and valuation at 0.9. We are calling it Mixed rather than resolving the conflict for you.
DocStoX score
Low confidenceAt a glance
Key highlights
- Profitable in all of the last 5 years
- Revenue compounding 27% a year
- Healthy net margin (25%)
- Valuation is weak (0.9/10)
- Momentum is weak (0.0/10)
Growth
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Technicals
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About the company
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National Securities Depository Ltd peers in Capital Markets
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