India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#156- Valuation
- ₹40,610 Cr
2023 #273 2022 #272 2021 #250
Market Cap
₹25,857 Cr
CDSL · NSE
Share Price
₹1,225.00
-0.99% today
Revenue
₹1,145 Cr
FY 2025-26 · +5.8% YoY
EBITDA
₹582 Cr
Margin 50.8%
Net Profit
₹456 Cr
FY 2025-26 · -13.4% YoY
P/E (TTM)
56.3x
P/B 13.5x
ROE
24.5%
ROCE 32.5%
Authorised capital
₹300 Cr
Registered with MCA
About Central Depository Services (India) Limited
Data last updated:
Central Depository Services (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 12 December 1997 and has been in existence for over 29 years.
Central Depository Services (India) is part of the Nifty 500 index.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67120MH1997PLC112443. Its GSTIN is 27AAACC6233A1Z9 (Maharashtra). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on NSE: CDSL.
The company has an authorised share capital of ₹300 Cr and a paid-up capital of ₹209 Cr. It is led by directors including Nehal Naleen Vora (Managing Director) and Nayana Mandar Ovalekar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,144.92 Cr, a growth of 5.8% compared to the previous year. For the same year it recorded a net profit of ₹456.36 Cr (net margin 39.9%) and EBITDA of ₹581.77 Cr (EBITDA margin 50.8%). The net worth stands at ₹1,959.78 Cr (up 11.3% YoY). Total assets are valued at ₹2,019.72 Cr (up 10.9% YoY).
The company has about 329 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 3 brands: Bajaj Financial Securities, CDSL and Central Depository Services. Court records list 224 cases involving the company, including 10 filed by the company and 214 filed against it; 56 cases are pending. The company has 42 deals on record (33 market trades, 8 secondary share transfers, 1 ipo); the latest was in June 2026. The company has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 7 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cdslindia.com.
Company details
CIN L67120MH1997PLC112443
Registration Number 112443
Incorporation Date 12 December 1997
ROC Mumbai
Listing Status Listed - Listed on NSE (CDSL)
Company Status Active
Date of Last AGM 30 July 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Central Depository Services (India) has one previous CIN (Corporate Identification Number): U67120MH1997PLC112443. The current CIN is L67120MH1997PLC112443, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120MH1997PLC112443 | Current |
| U67120MH1997PLC112443 | Previous |
Key People
Nehal Naleen Vora Managing Director Nayana Mandar Ovalekar Whole-Time Director Amit Mahajan Whole-Time Director Recognitions & Rankings of Central Depository Services (India)
Stock market indices
Nifty 500
Contact details
Central Depository Services (India) Limited's registered office is in Mumbai, Maharashtra. Its website is cdslindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. A – 2501 Marathon Futurex Mafatlal Mills Compound N.M. Joshi Marg Lower P, Arel (E), Mumbai, Maharashtra, India – 400013
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Central Depository Services (India) Limited, buy the company report.
Comprehensive company report
Central Depository Services (India) Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Central Depository Services (India) operates multiple associated brands including Bajaj Financial Securities, CDSL, and Central Depository Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides demat accounts, trading platforms, and IPO services for investors. | bajajfinservsecurities.in | |
| Central depository services are provided to the Indian financial market. | cdslindia.com | |
| Electronic voting and depository services in India. | evotingindia.com |
Business activity
The main business activity of Central Depository Services (India) is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Central Depository Services (India) Limited, buy the company report.
Financials of Central Depository Services (India) Limited
FY 2025-26 filings availableCentral Depository Services (India) Limited reported revenue of ₹1,144.92 Cr (up 5.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹1,145 Cr
+5.8% YoY
EBITDA
₹582 Cr
-6.8% YoY
Profit After Tax
₹456 Cr
-13.4% YoY
Net Worth
₹1,960 Cr
+11.3% YoY
Total Assets
₹2,020 Cr
+10.9% YoY
Total Debt
₹2.20 Cr
-26.2% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,145 | 1,082 | 812 | 555 | 551 | 344 | 225 |
| Revenue growth | +5.8% | +33.2% | +46.3% | +0.7% | +60.4% | +52.7% | - |
| EBITDA | 582 | 624 | 488 | 319 | 365 | 212 | 89.07 |
| EBITDA margin | +50.8% | +57.7% | +60.1% | +57.5% | +66.3% | +61.6% | +39.6% |
| Profit before tax | 609 | 695 | 556 | 365 | 409 | 260 | 136 |
| Net profit | 456 | 527 | 419 | 274 | 311 | 200 | 106 |
| Net profit margin | +39.9% | +48.7% | +51.6% | +49.4% | +56.4% | +58.3% | +47.1% |
| EPS (₹) | 21.82 | 25.20 | 40.11 | 26.41 | 29.78 | 19.17 | 10.16 |
| Balance sheet | |||||||
| Total assets | 2,020 | 1,821 | 1,523 | 1,269 | 1,145 | 924 | 770 |
| Net worth | 1,960 | 1,760 | 1,463 | 1,214 | 1,093 | 877 | 724 |
| Total debt | 2.20 | 2.98 | 1.36 | 2.37 | 0.29 | 0.28 | 0.00 |
| Cash & bank | 83.07 | 174 | 52.86 | 71.02 | 206 | 208 | 53.70 |
| Net working capital | (15.43) | 4.77 | 3.94 | 3.71 | 93.09 | 105 | 1.00 |
| Cash flow | |||||||
| Cash from operations | 467 | 543 | 386 | 249 | 283 | 193 | 82.17 |
| Cash from investing | (185) | (299) | (249) | (126) | (146) | (107) | (32.66) |
| Cash from financing | (262) | (231) | (169) | (158) | (94.18) | (47.16) | (50.54) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 293 | 263 | 304 | 319 | 259 | 224 | 278 | 322 |
| Revenue growth (YoY) | +13.1% | +17.1% | +9.4% | -1.1% | +0.6% | - | - | - |
| Other income | 47.99 | 5.53 | 29.25 | 22.48 | 36.30 | 32.16 | 20.70 | 36.84 |
| EBITDA | 138 | 116 | 160 | 176 | 130 | 109 | 161 | 200 |
| EBITDA margin | +47.1% | +44.0% | +52.5% | +55.3% | +50.3% | +48.7% | +57.8% | +62.0% |
| Depreciation | 19.18 | 17.81 | 17.08 | 16.10 | 15.20 | 14.28 | 12.97 | 11.93 |
| Interest | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.01 | 0.02 |
| Profit before tax | 167 | 103 | 172 | 183 | 151 | 127 | 168 | 225 |
| Tax | 49.00 | 23.43 | 38.99 | 42.72 | 48.78 | 26.81 | 38.57 | 62.73 |
| Net profit | 118 | 79.79 | 133 | 140 | 102 | 100 | 130 | 162 |
| EPS (₹) | 5.62 | 3.84 | 6.38 | 6.71 | 4.90 | 4.80 | 6.23 | 7.75 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 960 | 848 | 641 | 451 | 415 | 271 | 168 |
| Revenue growth | +13.2% | +32.3% | +42.3% | +8.6% | +53.3% | +60.9% | - |
| EBITDA | 522 | 498 | 392 | 267 | 282 | 172 | 62.65 |
| EBITDA margin | +54.4% | +58.7% | +61.2% | +59.2% | +68.0% | +63.5% | +37.3% |
| Profit before tax | 604 | 594 | 473 | 344 | 337 | 206 | 97.17 |
| Net profit | 468 | 463 | 363 | 272 | 264 | 160 | 77.20 |
| Net profit margin | +48.8% | +54.5% | +56.7% | +60.3% | +63.6% | +59.2% | +45.9% |
| EPS (₹) | 22.40 | 22.11 | 34.77 | 26.04 | 25.24 | 15.32 | 7.40 |
| Balance sheet | |||||||
| Total assets | 1,611 | 1,405 | 1,173 | 975 | 858 | 685 | 574 |
| Net worth | 1,598 | 1,391 | 1,160 | 966 | 850 | 683 | 570 |
| Total debt | 1.56 | 2.31 | 0.27 | 0.10 | 0.11 | 0.28 | 0.00 |
| Cash & bank | 63.45 | 159 | 44.62 | 47.59 | 126 | 114 | 23.85 |
| Net working capital | (70.74) | (44.50) | (72.68) | (69.76) | 19.45 | 3.66 | (35.28) |
| Cash flow | |||||||
| Cash from operations | 431 | 443 | 334 | 207 | 232 | 169 | 63.58 |
| Cash from investing | (154) | (206) | (204) | (67.41) | (114) | (82.39) | (14.08) |
| Cash from financing | (262) | (230) | (167) | (157) | (94.10) | (47.16) | (50.54) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 247 | 212 | 254 | 272 | 222 | 182 | 221 | 248 |
| Revenue growth (YoY) | +11.2% | +17.0% | +15.1% | +9.7% | +12.1% | - | - | - |
| Other income | 79.81 | 2.56 | 24.31 | 18.09 | 90.51 | 23.46 | 13.90 | 76.17 |
| Total expenses | 122 | 113 | 111 | 111 | 103 | 91.44 | 89.82 | 92.99 |
| EBITDA | 125 | 99.06 | 144 | 161 | 119 | 90.10 | 131 | 155 |
| EBITDA margin | +50.7% | +46.6% | +56.5% | +59.1% | +53.6% | +49.6% | +59.4% | +62.5% |
| Depreciation | 15.53 | 14.43 | 13.93 | 13.24 | 12.57 | 11.88 | 10.59 | 9.97 |
| Interest | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.00 | 0.00 |
| Profit before tax | 189 | 87.16 | 154 | 165 | 197 | 102 | 134 | 221 |
| Tax | 44.86 | 18.41 | 34.24 | 37.90 | 44.80 | 20.87 | 29.53 | 49.86 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 293 | 263 | 304 | 319 | 259 | 224 | 278 | 322 |
| Revenue growth (YoY) | +13.1% | +17.1% | +9.4% | -1.1% | +0.6% | - | - | - |
| Other income | 47.99 | 5.53 | 29.25 | 22.48 | 36.30 | 32.16 | 20.70 | 36.84 |
| EBITDA | 138 | 116 | 160 | 176 | 130 | 109 | 161 | 200 |
| EBITDA margin | +47.1% | +44.0% | +52.5% | +55.3% | +50.3% | +48.7% | +57.8% | +62.0% |
| Depreciation | 19.18 | 17.81 | 17.08 | 16.10 | 15.20 | 14.28 | 12.97 | 11.93 |
| Interest | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.01 | 0.02 |
| Profit before tax | 167 | 103 | 172 | 183 | 151 | 127 | 168 | 225 |
| Tax | 49.00 | 23.43 | 38.99 | 42.72 | 48.78 | 26.81 | 38.57 | 62.73 |
| Net profit | 118 | 79.79 | 133 | 140 | 102 | 100 | 130 | 162 |
| EPS (₹) | 5.62 | 3.84 | 6.38 | 6.71 | 4.90 | 4.80 | 6.23 | 7.75 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,145 | 1,082 | 812 | 555 | 551 | 344 | 225 |
| Revenue growth | +5.8% | +33.2% | +46.3% | +0.7% | +60.4% | +52.7% | - |
| Other income | 93.58 | 120 | 95.05 | 65.85 | 54.57 | 56.92 | 59.15 |
| Total expenses | 563 | 458 | 324 | 236 | 186 | 132 | 136 |
| Employee cost | 157 | 122 | 96.43 | 80.85 | 50.54 | 41.33 | 47.29 |
| EBITDA | 582 | 624 | 488 | 319 | 365 | 212 | 89.07 |
| EBITDA margin | +50.8% | +57.7% | +60.1% | +57.5% | +66.3% | +61.6% | +39.6% |
| Depreciation | 66.19 | 48.98 | 27.23 | 19.48 | 11.46 | 9.20 | 11.73 |
| Interest | 0.17 | 0.10 | 0.11 | 0.13 | 0.01 | 0.02 | 0.03 |
| Profit before tax | 609 | 695 | 556 | 365 | 409 | 260 | 136 |
| Tax | 154 | 169 | 136 | 89.19 | 96.74 | 58.25 | 29.73 |
| Net profit | 456 | 527 | 419 | 274 | 311 | 200 | 106 |
| Net profit margin | +39.9% | +48.7% | +51.6% | +49.4% | +56.4% | +58.3% | +47.1% |
| EPS (₹) | 21.82 | 25.20 | 40.11 | 26.41 | 29.78 | 19.17 | 10.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 209 | 209 | 104 | 104 | 104 | 104 | 104 |
| Reserves & surplus | 1,751 | 1,551 | 1,359 | 1,109 | 988 | 773 | 619 |
| Shareholders' funds (net worth) | 1,960 | 1,760 | 1,463 | 1,214 | 1,093 | 877 | 724 |
| Minority interest | 42.46 | 43.52 | 43.84 | 43.41 | 43.38 | 42.78 | 41.85 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 2.20 | 2.98 | 1.36 | 2.37 | 0.29 | 0.28 | 0.00 |
| Total debt | 2.20 | 2.98 | 1.36 | 2.37 | 0.29 | 0.28 | 0.00 |
| Total liabilities | 2,020 | 1,821 | 1,523 | 1,269 | 1,145 | 924 | 770 |
| Assets | |||||||
| Gross block | 687 | 579 | 433 | 193 | 160 | 117 | 109 |
| Net block | 500 | 446 | 342 | 125 | 106 | 73.43 | 74.35 |
| Capital work in progress | 7.49 | 7.13 | 3.82 | 174 | 3.80 | 22.78 | 0.00 |
| Investments | 1,487 | 1,351 | 1,149 | 937 | 925 | 709 | 665 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 64.61 | 52.84 | 66.83 | 37.67 | 45.83 | 37.48 | 26.03 |
| Cash & bank balances | 83.07 | 174 | 52.86 | 71.02 | 206 | 208 | 53.70 |
| Loans & advances | 207 | 93.47 | 124 | 78.02 | 16.11 | 17.35 | 12.81 |
| Total current assets | 354 | 320 | 243 | 187 | 268 | 263 | 92.54 |
| Total current liabilities | 370 | 316 | 240 | 183 | 175 | 158 | 91.54 |
| Net working capital | (15.43) | 4.77 | 3.94 | 3.71 | 93.09 | 105 | 1.00 |
| Total assets | 2,020 | 1,821 | 1,523 | 1,269 | 1,145 | 924 | 770 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 32.26 | 18.48 | 50.36 | 85.59 | 41.89 | 3.72 | 4.74 |
| Net cash from operating activities | 467 | 543 | 386 | 249 | 283 | 193 | 82.17 |
| Net cash from investing activities | (185) | (299) | (249) | (126) | (146) | (107) | (32.66) |
| Net cash from financing activities | (262) | (231) | (169) | (158) | (94.18) | (47.16) | (50.54) |
| Net change in cash | 19.15 | 13.77 | (31.88) | (35.23) | 43.70 | 38.17 | (1.02) |
| Closing cash | 83.07 | 174 | 52.86 | 71.02 | 206 | 208 | 53.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +5.8% | +33.2% | +46.3% | +0.7% | +60.4% | +52.7% | - |
| EBITDA growth | -6.8% | +27.9% | +53.1% | -12.7% | +72.5% | +137.8% | - |
| PBT growth | -12.4% | +25.0% | +52.3% | -10.6% | +57.4% | +90.2% | -7.9% |
| Net income growth | -13.4% | +25.8% | +52.7% | -11.8% | +55.2% | +88.9% | - |
| Revenue CAGR (3Y) | +27.3% | +25.2% | +33.2% | +35.1% | +41.1% | +22.4% | +15.5% |
| EBITDA CAGR (3Y) | +22.2% | +19.6% | +32.1% | +53.0% | +49.7% | +24.3% | +3.9% |
| Profitability & leverage | |||||||
| Net income margin | +39.8% | +48.6% | +51.7% | +49.7% | +56.6% | +58.6% | +47.4% |
| Return on capital employed | +32.5% | +42.7% | +41.1% | +31.4% | +41.2% | +32.3% | +19.5% |
| Return on net worth | +24.5% | +32.7% | +31.3% | +23.9% | +31.7% | +25.1% | +15.3% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.03 | 0.02 | 0.02 | 0.04 | 0.00 | 0.01 | 0.04 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.81 | 2.14 | 2.60 | 3.15 | 3.98 | 3.05 | 2.16 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 19.50 | 18.09 | 15.55 | 13.30 | 13.24 | 10.82 | 9.97 |
| EPS (₹) | 21.82 | 25.20 | 40.11 | 26.41 | 29.78 | 19.17 | 10.16 |
| Dividend per share (₹) | 12.75 | 12.50 | 22.00 | 16.00 | 15.00 | 9.00 | 4.50 |
| Book value per share (₹) | 93.77 | 84.23 | 140.03 | 116.15 | 104.59 | 83.94 | 69.28 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 247 | 212 | 254 | 272 | 222 | 182 | 221 | 248 |
| Revenue growth (YoY) | +11.2% | +17.0% | +15.1% | +9.7% | +12.1% | - | - | - |
| Other income | 79.81 | 2.56 | 24.31 | 18.09 | 90.51 | 23.46 | 13.90 | 76.17 |
| Total expenses | 122 | 113 | 111 | 111 | 103 | 91.44 | 89.82 | 92.99 |
| EBITDA | 125 | 99.06 | 144 | 161 | 119 | 90.10 | 131 | 155 |
| EBITDA margin | +50.7% | +46.6% | +56.5% | +59.1% | +53.6% | +49.6% | +59.4% | +62.5% |
| Depreciation | 15.53 | 14.43 | 13.93 | 13.24 | 12.57 | 11.88 | 10.59 | 9.97 |
| Interest | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.00 | 0.00 |
| Profit before tax | 189 | 87.16 | 154 | 165 | 197 | 102 | 134 | 221 |
| Tax | 44.86 | 18.41 | 34.24 | 37.90 | 44.80 | 20.87 | 29.53 | 49.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 960 | 848 | 641 | 451 | 415 | 271 | 168 |
| Revenue growth | +13.2% | +32.3% | +42.3% | +8.6% | +53.3% | +60.9% | - |
| Other income | 135 | 136 | 102 | 93.47 | 65.38 | 41.77 | 43.24 |
| Total expenses | 438 | 350 | 249 | 184 | 133 | 98.67 | 106 |
| Employee cost | 132 | 102 | 80.22 | 68.56 | 41.07 | 34.19 | 39.98 |
| EBITDA | 522 | 498 | 392 | 267 | 282 | 172 | 62.65 |
| EBITDA margin | +54.4% | +58.7% | +61.2% | +59.2% | +68.0% | +63.5% | +37.3% |
| Depreciation | 54.17 | 40.55 | 21.22 | 15.86 | 10.10 | 7.29 | 8.69 |
| Interest | 0.14 | 0.05 | 0.02 | 0.01 | 0.01 | 0.02 | 0.03 |
| Profit before tax | 604 | 594 | 473 | 344 | 337 | 206 | 97.17 |
| Tax | 135 | 131 | 109 | 72.41 | 73.58 | 46.31 | 19.85 |
| Net profit | 468 | 463 | 363 | 272 | 264 | 160 | 77.20 |
| Net profit margin | +48.8% | +54.5% | +56.7% | +60.3% | +63.6% | +59.2% | +45.9% |
| EPS (₹) | 22.40 | 22.11 | 34.77 | 26.04 | 25.24 | 15.32 | 7.40 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 209 | 209 | 104 | 104 | 104 | 104 | 104 |
| Reserves & surplus | 1,389 | 1,182 | 1,055 | 861 | 746 | 578 | 465 |
| Shareholders' funds (net worth) | 1,598 | 1,391 | 1,160 | 966 | 850 | 683 | 570 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 1.56 | 2.31 | 0.27 | 0.10 | 0.11 | 0.28 | 0.00 |
| Total debt | 1.56 | 2.31 | 0.27 | 0.10 | 0.11 | 0.28 | 0.00 |
| Total liabilities | 1,611 | 1,405 | 1,173 | 975 | 858 | 685 | 574 |
| Assets | |||||||
| Gross block | 554 | 467 | 401 | 168 | 148 | 107 | 101 |
| Net block | 400 | 357 | 324 | 109 | 103 | 70.94 | 72.03 |
| Capital work in progress | 0.00 | 6.07 | 3.82 | 174 | 3.80 | 22.78 | 0.00 |
| Investments | 1,256 | 1,086 | 905 | 740 | 717 | 576 | 524 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 35.58 | 31.28 | 30.72 | 23.43 | 27.75 | 24.10 | 12.03 |
| Cash & bank balances | 63.45 | 159 | 44.62 | 47.59 | 126 | 114 | 23.85 |
| Loans & advances | 172 | 58.72 | 66.72 | 29.79 | 30.49 | 12.73 | 9.09 |
| Total current assets | 271 | 249 | 142 | 101 | 184 | 151 | 44.97 |
| Total current liabilities | 342 | 293 | 215 | 171 | 165 | 147 | 80.25 |
| Net working capital | (70.74) | (44.50) | (72.68) | (69.76) | 19.45 | 3.66 | (35.28) |
| Total assets | 1,611 | 1,405 | 1,173 | 975 | 858 | 685 | 574 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 16.97 | 10.26 | 47.59 | 65.20 | 41.13 | 1.80 | 2.84 |
| Net cash from operating activities | 431 | 443 | 334 | 207 | 232 | 169 | 63.58 |
| Net cash from investing activities | (154) | (206) | (204) | (67.41) | (114) | (82.39) | (14.08) |
| Net cash from financing activities | (262) | (230) | (167) | (157) | (94.10) | (47.16) | (50.54) |
| Net change in cash | 14.85 | 6.71 | (37.33) | (17.61) | 24.07 | 39.32 | (1.04) |
| Closing cash | 63.45 | 159 | 44.62 | 47.59 | 126 | 114 | 23.85 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +13.2% | +32.3% | +42.3% | +8.6% | +53.3% | +60.9% | - |
| EBITDA growth | +4.9% | +27.0% | +46.9% | -5.4% | +64.1% | +174.4% | - |
| PBT growth | +1.7% | +25.5% | +37.3% | +2.1% | +63.5% | +112.4% | -11.4% |
| Net income growth | +1.3% | +27.3% | +33.6% | +3.1% | +64.7% | +107.3% | - |
| Revenue CAGR (3Y) | +28.7% | +26.9% | +33.3% | +38.9% | +39.6% | +21.5% | +11.4% |
| EBITDA CAGR (3Y) | +25.1% | +20.9% | +31.6% | +62.1% | +51.1% | +26.6% | +0.5% |
| Profitability & leverage | |||||||
| Net income margin | +48.8% | +54.5% | +56.7% | +60.4% | +63.6% | +59.2% | +46.0% |
| Return on capital employed | +40.0% | +46.1% | +44.0% | +37.6% | +43.7% | +32.8% | +17.4% |
| Return on net worth | +31.3% | +36.2% | +34.2% | +30.0% | +34.4% | +25.6% | +13.9% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.03 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.06 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.88 | 1.96 | 2.25 | 2.85 | 3.25 | 2.60 | 1.73 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 28.73 | 27.36 | 23.67 | 17.61 | 16.00 | 14.98 | 16.14 |
| EPS (₹) | 22.40 | 22.11 | 34.77 | 26.04 | 25.24 | 15.32 | 7.40 |
| Dividend per share (₹) | 12.75 | 12.50 | 22.00 | 16.00 | 15.00 | 9.00 | 4.50 |
| Book value per share (₹) | 76.47 | 66.57 | 110.99 | 92.43 | 81.35 | 65.32 | 54.51 |
To see the full year-wise statements and ratios of Central Depository Services (India) Limited, buy the company report.
Board of directors of Central Depository Services (India) Limited
Central Depository Services (India) has 11 current directors and 58 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Kumar | Director | 12 Sep 2025 | 1 Years 1 Months | Current |
| Nehal Naleen Vora | Managing Director | 25 Jul 2015 | 11 Years 2 Months | Current |
| Rajeshree Rajnikant Sabnavis | Director | 29 Nov 2022 | 3 Years 10 Months | Current |
| Gurumoorthy Mahalingam | Director | 09 Mar 2023 | 3 Years 7 Months | Current |
| Ganesh Kumar Sundara Iyer | Director | 18 Feb 2026 | 0 Years 8 Months | Current |
| Rajesh Tuteja Also directs: Abc Industries India Limited, Anant Raj Limited, Swiss Military Consumer Goods Limited and 4 more | Director | 18 Feb 2026 | 0 Years 8 Months | Current |
Showing 6 of 11 current directors. View all directors
Auditor
Central Depository Services (India) Limited is audited by S R BATLIBOI & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI & CO. LLP | FY 2023 | 301003E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 15.00%, foreign institutional investors hold 8.20%, domestic institutional investors hold 15.20% and retail and other public shareholders hold 61.60%.
Sep 2026
QUARTER
15.00% Promoters
15.20% DII (Domestic Institutional)
8.20% FII (Foreign Institutional)
61.60% Retail & Others
Promoter holding - history
Now 15.00% · Sep 2026High 15.00% · Dec 2025Low 15.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 15.00% | 15.00% | 15.00% | 15.00% |
| Public | 85.00% | 85.00% | 85.00% | 85.00% |
Deals & funding
Central Depository Services (India) Limited has 42 deals on record (33 market trades, 8 secondary share transfers, 1 ipo); the latest was in June 2026.
Total deals
42
Market trades
33
Secondary share transfers
8
IPO
1
Deals on record (5 of 42)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹143.16 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jun 2025 | Market trade | ₹190.84 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jun 2025 | Market trade | ₹247.47 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Apr 2025 | Market trade | ₹142.11 Cr | Buyer: Jump Trading Financial India Private Limited Seller: Jump Trading Financial India Private Limited |
| Mar 2025 | Market trade | ₹313.43 Cr | Buyer: Jump Trading Financial India Private Limited , Graviton Research Capital LLP Seller: Jump Trading Financial India Private Limited , Graviton Research Capital LLP |
To see the full deal history of Central Depository Services (India) Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Central Depository Services (India) Limited has 224 court cases on record: 10 filed by Central Depository Services (India), 214 filed against it. 56 cases are pending and 168 are disposed.
Total cases
224
Filed by the company
10
Filed against the company
214
Pending
56
Disposed
168
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 146 | 138 | 27 |
| District courts | 46 | 46 | 15 |
| NCLAT | 22 | 22 | 10 |
| Supreme Court | 9 | 7 | 4 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 224)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARBP) | Filed against the company by Kraft Powercon India Limited | Pending |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by National Stock Exchange of India Limited | Pending |
| Supreme Court | Appeal | Filed by the company against Indusind Bank Limited | Pending |
| Bombay High Court | Court case (CARBA) | Filed by the company against BRH Wealth Kreators Limited and 1 other | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by BSE Limited | Disposed |
To see the full case history of Central Depository Services (India) Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Central Depository Services (India) Limited has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 7 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Alok & Co LLP | |||
| an individual supplier | |||
| Vapn & Associates | |||
| Mindex Capital Market Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Central Depository Services (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Central Depository Services (India) has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| CDSL Insurance Repository Limited | U74120MH2011PLC219665 | |
| CDSL Commodity Repository Limited | U74999MH2017PLC292113 | |
| CDSL Ventures Limited | U93090MH2006PLC164885 |
To see the full group structure of Central Depository Services (India) Limited, buy the company report.
Employees & EPFO
Central Depository Services (India) Limited has a workforce of 329 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
329
Active EPFO establishments
1
Employee growth
16.25%
GST
Central Depository Services (India) has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC6233A1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 36AAACC6233A1ZA | Telangana | Active | 17 Aug 2017 |
To see the full GST registrations and return filing status of Central Depository Services (India) Limited, buy the company report.
Recent activity
Central Depository Services (India) Limited has 122 board changes on record since 1999: 67 appointments and 55 cessations. The latest: Geetha Gangadharan was appointed as Director on 27 Aug 2026.
Appointed
Geetha Gangadharan was appointed as Director.
AGM
Central Depository Services (India) Limited last Annual general meeting of members was held on 30 Jul 2026 as per latest MCA records.
Appointed
Nayana Mandar Ovalekar was appointed as Whole-Time Director.
Appointed
Amit Mahajan was appointed as Whole-Time Director.
Filing
Central Depository Services (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Ganesh Kumar Sundara Iyer was appointed as Director.
Appointed
Rajesh Tuteja was appointed as Director.
Ceased
Sidhartha Pradhan ceased to be Director.
Ceased
Umesh Bellur ceased to be Director.
Appointed
Rajesh Kumar was appointed as Director.
Ceased
Masil Jeya Mohan ceased to be Director.
Ceased
Balkrishna Vinayak Chaubal ceased to be Director.
113 earlier events are in the company report.
News
Frequently asked questions
Central Depository Services (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 12 December 1997 (29+ years old) and is registered under CIN L67120MH1997PLC112443. Listed on NSE: CDSL.
Central Depository Services (India) reported revenue of ₹1,144.92 Cr for FY 2025-26 (up 5.8% YoY) based on consolidated financials.
Central Depository Services (India) has 11 current directors:
- Nehal Naleen Vora - Managing Director
- Nayana Mandar Ovalekar - Whole-Time Director
- Amit Mahajan - Whole-Time Director
- Rajesh Kumar - Director
- Rajeshree Rajnikant Sabnavis - Director
- Gurumoorthy Mahalingam - Director
- Ganesh Kumar Sundara Iyer - Director
- Rajesh Tuteja - Director
- Bharat Damodar Vasani - Director
- Varsha Apte - Director
- Geetha Gangadharan - Director
The latest financial statements of Central Depository Services (India) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Central Depository Services (India) is 27AAACC6233A1Z9, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 36AAACC6233A1ZA (Telangana).
The CIN (Corporate Identification Number) of Central Depository Services (India) is L67120MH1997PLC112443. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Central Depository Services (India) is a listed company as per MCA records. Its shares are listed on NSE (symbol: CDSL).
Central Depository Services (India) has 224 court cases on record: 10 filed by the company and 214 filed against it. 56 are pending. Most are in the high courts.
Central Depository Services (India) was incorporated on 12 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Central Depository Services (India) has 42 deals on record (33 market trades, 8 secondary share transfers, 1 ipo); the latest was in June 2026.
Geetha Gangadharan was appointed as Director on 27 Aug 2026. Nayana Mandar Ovalekar was appointed as Whole-Time Director on 19 Jun 2026. Amit Mahajan was appointed as Whole-Time Director on 11 Jun 2026. Central Depository Services (India) has 122 board changes on record in total.