| Revenue growth | FY26 Revenue from operations grew 13.9% on standalone basis. |
|---|---|
| Margins | Standalone EBITDA margin at 60.8% for FY26; PAT margin at 43.2%. |
| Demand visibility | Moderate; tied to IPO activity and new demat account additions. |
| Management confidence | High; citing market leadership (86% custody value) and digital readiness. |
Growth
FY26 standalone PAT up 12.1% to ₹360.6cr; consolidated revenue reached ₹1,530cr (up 7.7% YoY).
Outlook
Expects capex decline after FY27; subsidiary profit contribution increased from 5% to 10% in FY26.
Risks
West Asia conflict, crude price spikes, rupee depreciation, and intense competition from other depositories.
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.
More from National Securities Depository Ltd
All →National Securities Depository Annual General Meeting
National Securities Depository Limited held its 14th Annual General Meeting on September 22, 2026, via video conferencing to transact the business stated in the notice.
National Securities Depository Management Change
NSDL appointed Mr. Ankit Sharma as Executive Director (Vertical 2) for five years effective September 21, 2026, following SEBI and board approvals.
National Securities Depository Management Change
National Securities Depository Limited has appointed Dr. Arun Kumar Panda as a Non-Executive Independent Director for a 36-month term effective September 3, 2026.
National Securities Depository Annual General Meeting
National Securities Depository Limited scheduled its 14th Annual General Meeting for September 22, 2026. The notice covers dividend declaration and executive leadership appointments.
National Securities Depository Annual Report
NSDL has submitted its 14th Annual Report for FY 2025-26. It also includes the notice for the Annual General Meeting scheduled for September 22, 2026.
National Securities Depository Capital Structure Change
Deutsche Bank sold a 2.01% stake in National Securities Depository Limited via open market transactions. The sale reduced their holding from 5.00% to 2.99%.