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National Securities Depository Limited

National Securities Depository Limited

BBSE:NSDL
705.30
INR
-15.35
(-2.13%)
19.44EPS
43.98P/E
170.83BMarket Cap
Dec 02Next Earn
National Securities Depository Limited
BSE:NSDL
(Bombay Stock Exchange)

Recent

price

705.30

P/E

ratio

43.98

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
2026
TTM
INR
23.37
38.03
51.07
63.39
70.98
76.46
86.75
Revenue per Share
9.43
10.63
11.74
13.77
17.16
18.99
19.42
Basic EPS, GAAP
5.18
7.38
25.4
5.64
28.17
35.67
- -
Free Cash Flow per Basic Share
0.8
1
1
1
0.82
1.99
- -
Dividend per Share
50.96
60.58
71.44
84.2
100.27
118.5
- -
Book Value per Share
48.87
59.52
70.26
82.46
97.61
114.3
- -
Tangible Book Value per Share
200
200
200
200
200
200
200
Basic Weighted Avg Shares
4,674
7,605
10,214
12,679
14,196
15,293
17,346
Sales/Revenue/Turnover
40.6
31.79
23.06
20.76
24.03
26.87
22.32
Operating Margin (%)
170
189
217
241
354
480
530
Depreciation Expense
1,886
2,126
2,348
2,754
3,431
3,797
3,883
Net Income, GAAP
23.53
23.58
23.02
22.4
24.33
24.83
24.68
Effective Tax Rate (%)
40.34
27.95
22.99
21.73
24.17
24.83
22.39
Profit Margin (%)
2,243
3,309
1,958
790
2,877
4,774
- -
Working Capital
58
14
135
101
54
87
- -
LT Debt
10,193
12,116
14,289
16,841
20,053
23,796
- -
Total Equity
- -
14.51
13.19
12.74
13.97
13.4
- -
Return on Invested Capital (%)
- -
19.12
17.76
17.63
18.65
17.43
- -
Return on Capital (%)
- -
19.06
17.79
17.7
18.6
17.36
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
79
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
87
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
200
200
200
Market Capitalization
212,630
158,230
170,830

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
18,830
- -
Cash, Cash Equivalents & STI
- -
14,530
- -
Accounts Receivable, Net
- -
1,712
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
14,056
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
79
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
18.48%
18.66%
Free Cash Flow
- -
126.91%
26.65%
Net Income, GAAP
- -
15.15%
10.67%
Sales/Revenue/Turnover
- -
28.17%
7.72%
Total Cash Common Dividend
- -
- -
143.44%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3,373
3,567
3,626
3,637
14,196
2026
3,120
4,000
3,596
4,583
15,293
2027
5,166
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.89
4.81
4.29
4.16
17.16
2026
4.48
5.52
4.48
4.51
18.99
2027
4.91
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.82
2026
- -
- -
- -
- -
1.99
2027
- -
- -
- -
- -
- -
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Business
National Securities Depository Limited National Securities Depository Limited (NSDL.BO) operates as India's largest central securities depository, providing electronic holding, dematerialization, and settlement services for securities in the capital markets. Established in August 1996 and headquartered in Mumbai, the company offers core depository services including account maintenance; dematerialization and rematerialization of securities; settlement of trades via market, off-market, and inter-depository transfers; distribution of non-cash corporate actions; nomination and transmission facilities; e-voting; securities lending and borrowing; and hypothecation of securities for credit facilities. It serves investors, stock brokers, custodians, issuer companies, and other market participants through a nationwide network of depository participants, while its subsidiaries NSDL Database Management Limited (NDML) delivers e-governance solutions such as KYC registration agency services, SEZ online systems, payment aggregators, and registrar and transfer agent functions, and NSDL Payments Bank Limited (NPBL) provides digital banking products including prepaid cards, merchant acquisition, cash management, remittances, and third-party distribution of insurance and mutual funds. NSDL holds the majority share of demat assets in India, managing over ₹398 lakh crore in value as of end-2023 across more than 2.80 crore accounts. In a major recent development, the company completed its initial public offering in July 2025 as a ₹4,012 crore offer for sale by promoters including National Stock Exchange, IDBI Bank IDBI Bank Limited, State Bank of India State Bank of India, and HDFC Bank HDFC Bank Limited, with shares listing on the BSE on August 6, 2025.