| 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
- ₹741.95
- Market cap
- ₹14,839 Cr
- Revenue (annual)
- ₹1,530 Cr
- Net profit (annual)
- ₹379.7 Cr
- P/E (TTM)
- 38.2×Sector 21.9×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 11.69%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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