āagman

Not investment advice. Data and computed figures, for information only.

Central Depository Services (India) Ltd

NSE: CDSLF&O
₹1,286.90
−₹6.10 (−0.47%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹26,334 Cr
CMP
₹1,286.90
52-wk High / Low
₹1,674 / 1,116
P/E
55.9
P/B
13.4
Book Value
₹93.8
Div Yield
1.01%
ROCE
32.0%
ROE
24.5%
Face Value
₹10
D/E
0.00

Price−20.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹215
√(22.5 × EPS × book value per share)
ROIC
19.6%
vs 10.0% sector median
Cash flow to profit
1.03
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−309
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
10.7%
ROE × earnings retention ratio
ROE stability
3.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −3.12DII +0.77
Latest quarter vs the previous one
Cash-accrual divergence
−0.5%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 30% vs the 2023 sector median of 13%)
Watch-outs
−Price trades below its 200-day moving average (1.0x)
−Promoter holding fell by 5pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales150207214241257322278224259319304263293
Expenses70798493103122117115129143145147155
Operating Profit80128130148154200161109130176160116138
OPM %53.3%61.8%60.7%61.4%59.9%62.1%57.9%48.7%50.2%55.2%52.6%44.1%47.1%
Other Income2423212930372132362229648
Interest0000000000000
Depreciation6678101213141516171819
Profit before tax98145145168175225168127151183172103167
Net Profit7410910712913416213010010214013380118
EPS (₹)3.525.215.146.186.427.756.224.804.906.716.383.845.62

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1051231461881962253445515558121,0821,1451,179
Expenses6059677787136132186236324457563589
Operating Profit45647911010989212365319488625582590
OPM %42.9%52.0%54.1%58.5%55.6%39.6%61.6%66.2%57.5%60.1%57.8%50.8%50.0%
Other Income2372413849595755669511993105
Interest0000000000000
Depreciation644710129111927496670
Profit before tax63131117141148136260409365556695609624
Net Profit439187104115107201312276420526455470
EPS (₹)2.094.354.104.945.435.089.5914.8913.2020.0525.2021.8222.55

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital104104104104104104104104104104209209—
Reserves2653754294945646197739881,1091,3591,5511,751—
Borrowings000000002132—
Other Liabilities122747392116138206232241317399457—
Total Liabilities4915536066907848621,0841,3261,4571,7812,1622,419—
Fixed Assets74576757473106125342446500—
CWIP000000234174477—
Investments3894575035215936657099259371,1491,3511,487—
Other Assets95929893115123278290221287357424—
Total Assets4915536066907848621,0841,3261,4571,7812,1622,419—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity432843798682193283249386543467
Cash from Investing Activity−19018−67−67−33−107−146−126−249−299−185
Cash from Financing Activity−23−28−31−38−20−51−47−94−158−169−231−262
Net Cash Flow0129−26−1−13844−35−321419

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.022.022.024.022.018.031.040.030.040.042.032.0
ROE %———————————24.5
EPS (₹)2.094.354.104.945.435.089.5914.8913.2020.0525.2021.82
Book Value (₹)———————————93.8
Face Value (₹)———————————10
P/E———————————55.9
Div Yield %———————————1.01
NPM %33.646.746.546.046.937.750.151.544.446.343.836.8
OPM %43.052.054.059.056.040.062.066.057.060.058.051.0
D/E0.000.000.000.000.000.000.000.000.000.000.000.00
P/B———————————13.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+25.0%
5 years+27.0%
3 years+27.0%
TTM+9.0%
Compounded profit growth
10 years+21.0%
5 years+18.0%
3 years+18.0%
TTM−5.0%
Stock price CAGR
5 years+12.0%
3 years+22.0%
Last year−22.0%
Return on equity
10 years26.0%
5 years29.0%
3 years29.0%
Last year25.0%

Shareholding pattern

As of 31 Dec 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters24.00%24.00%24.00%20.00%20.00%20.00%20.00%15.00%15.00%15.00%15.00%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%14.67%11.38%11.34%11.36%8.24%
DIIs50.16%50.16%45.53%43.72%41.96%35.92%18.48%23.15%15.41%14.42%15.19%
Government———————————
Public25.85%25.85%30.47%36.30%38.02%44.07%46.85%50.47%58.25%59.22%61.57%
No. of shareholders1,36,1401,36,1401,41,7001,44,9021,77,1486,94,9798,28,8538,43,10115,29,58915,14,80715,22,866
Change since Jun 2023 (pp)
Promoters −9.00FIIs +8.24DIIs −34.97Public +35.72

Documents

As of 11 Oct 2026
Announcements
Trading WindowUpdatesAnalysts/Institutional Investor Meet/Con. Call UpdatesChange in ManagementAnalysts/Institutional Investor Meet/Con. Call Updates
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPT

Corporate actions

As of 17 Jul 2026
17 Jul 2026DIVIDENDDividend - Rs 12.75 Per Share—
7 Aug 2025DIVIDENDDividend - Rs 12.50 Per Share—
23 Aug 2024BONUSBonus 1:1—
16 Jul 2024DIVIDENDDividend - Rs 19/ Special Dividend - Rs 3 Per Share—
25 Aug 2023DIVIDENDDividend - Rs 16 Per Share—
7 Sep 2022DIVIDENDDividend - Rs 15 Per Share—
13 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 9 Per Share—
7 Sep 2020DIVIDEND Dividend - Rs 4.50 Per Share—
6 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 4 Per Share—
9 Aug 2018DIVIDEND Annual General Meeting/Dividend Rs - 3.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman