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National Securities Depository Ltd

NSDL·BSE·
₹744.30▼ -3.10 (-0.41%)
Market Cap14924.00 Cr
PE Ratio39.19
Volume2,80,976
Day High - Low751.20 - 742.35
52W High-Low1180.00 - 733.10

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.

DocStoX Score
5.0/10
Weak
Fair Value
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ROE
16.02%
Strong
P/E
39.19x
Expensive
Debt / Equity
0.01
Low
Industry
Capital Markets
Depository
Overall View
Mixed

Price performance

Day₹742.35
₹751.20
52W₹733.10
₹1180
DocStoX take

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 confidence
5.0
/10
Weak
Quality
Solid
ROE 16.0%
Valuation
Expensive
P/E 39.2×
Growth
Steady
Revenue +26.8% 5Y CAGR
Risk
Low risk
D/E 0.01 (lender)
Momentum
Weak
3% of 52-week range

At a glance

Market Cap
₹14,924 Cr
52W High / Low
₹1180 / ₹733
Dividend Yield
0.50%
Promoter Holding
0.00%
EPS (TTM)
₹18.99
Book Value
₹118.50

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)
4 Positives3 Watchouts

Growth

Financials

Shareholding

Technicals

Peers

News

Forecasts

About the company

More data

Filings, corporate actions and ownership detail — opened on demand.

More Capital Markets stocks · Depository

National Securities Depository Ltd peers in Capital Markets

Other Capital Markets stocks on the NSE & BSE. See the full Capital Markets sector list.