| Revenue growth | FY26 consolidated revenue at ₹1,239 cr, up from ₹1,199 cr YoY. |
|---|---|
| Margins | Technology costs rising (₹162 cr consol) and now exceeding human resource costs. |
| Demand visibility | Strong; demat accounts reached 18.01 crores, 85-90% incremental market share. |
| Management confidence | High; emphasizing tech-based infrastructure and 80%+ market share in demat accounts. |
Growth
FY26 consolidated income reached ₹1,239 crores vs ₹1,199 crores YoY; standalone income grew 11.3% to ₹1,096 crores.
Outlook
Expanding presence in GIFT IFSC and leveraging the new Securities Market Code 2025 for consolidated growth.
Risks
Regulatory changes in KYC fetch/creation fees; market volatility impacting transaction volumes and IPO-related revenues.
Earnings Call filed with NSE, NSE: CDSL. Summary written with AI assistance from the document.
Central Depository Services (India) Ltd: key numbers
- Share price
- ₹1,275.00
- Market cap
- ₹26,648 Cr
- Revenue (annual)
- ₹1,145 Cr
- Net profit (annual)
- ₹456.1 Cr
- P/E (TTM)
- 56.5×Sector 21.9×
- Promoter holding
- 15.00%+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 Central Depository Services (India) Ltd
All →Central Depository Services (India) Management Change
CDSL appoints Kinjal Shah as CTO effective September 22, 2026, succeeding Amit Mahajan. Shah brings 25 years of experience from NSE, L&T, and J.P. Morgan.
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- Value
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Central Depository Services (India) Management Change
CDSL appointed Farokh Patel as Chief Regulatory Officer & Compliance Officer effective September 01, 2026. Nayana Ovalekar will cease to hold the position on August 31, 2026.
Central Depository Services (India) Merger & Restructuring Worth ₹5 Cr
CDSL received SEBI approval to invest ₹5 Crore in Open Network for Digital Commerce (ONDC). This strategic investment will be executed in one or more tranches.
- Value
- ₹5.00 Cr
Central Depository Services (India) Earnings Call Transcript: Key Takeaways
CDSL reported strong operational growth with 58 lakh new accounts, but faced pricing headwinds in its KYC business (CVL) due to SEBI-mandated charge reductions.