National Securities Depository Ltd

National Securities Depository Ltd (NSDL), a key player in the capital markets sector, has seen its valuation parameters shift markedly, raising concerns over its price attractiveness. Despite a robust return on capital employed (ROCE) of 52.14% and a respectable return on equity (ROE) of 16.02%, the stock now trades at a very expensive valuation, with its price-to-earnings (P/E) ratio surging to 42.00 and price-to-book value (P/BV) at 6.88, signalling a significant premium compared to historical and peer averages.

National Securities Depository Ltd. (NSDL), India's premier securities depository, reported mixed results for Q1 FY27, with robust revenue growth overshadowed by significant margin erosion. The company posted consolidated net profit of ₹98.19 crores for the quarter ended June 2026, marking a modest 8.97% sequential increase but just 9.55% year-on-year growth. Despite net sales surging 65.57% year-on-year to ₹516.63 crores, the stock has struggled, trading at ₹820.80 with a market capitalisation of ₹16,416 crores, down 22.80% year-to-date as investors grapple with valuation concerns and deteriorating profitability metrics.

National Securities Depository Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 10 June 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 25 July 2026, providing investors with an up-to-date view of its fundamentals, returns, and overall outlook.

National Securities Depository Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 10 June 2026. However, the analysis and financial metrics discussed here reflect the stock’s current position as of 14 July 2026, providing investors with the most recent insights into its performance and outlook.

National Securities Depository Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 10 June 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 03 July 2026, providing investors with the most up-to-date view of the company’s fundamentals, returns, and market standing.

National Securities Depository Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 10 June 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 22 June 2026, providing investors with the latest insights into its performance and outlook.

The Sensex edged down by 0.93% on 15 Jun 2026, yet National Securities Depository Ltd surged 7.14%, outperforming its Capital Markets sector by nearly 5 percentage points. This sharp single-session gain rewrites the short-term narrative for the small-cap stock, raising the question of whether this is a genuine breakout or a technical bounce within a broader trend.

National Securities Depository Ltd (NSDL), a key player in the capital markets sector, has exhibited a subtle shift in its technical momentum, moving from a strongly bearish stance to a mildly bearish trend. Despite a modest day gain of 1.72%, the stock’s broader technical indicators and price action suggest a cautious outlook for investors amid persistent downward pressures.

National Securities Depository Ltd (NSDL), a key player in the capital markets sector, has experienced a notable shift in its technical momentum, signalling increased bearishness. With a current market cap categorised as small-cap and a recent downgrade in its Mojo Grade from Strong Sell to Sell, the stock’s technical indicators reveal a challenging outlook amid broader market pressures.

National Securities Depository Ltd (NSDL) has seen its investment rating upgraded from Strong Sell to Sell as of 10 June 2026, driven primarily by a shift in technical indicators despite continued flat financial performance. The company’s Mojo Score has improved to 31.0, reflecting a more balanced outlook, though challenges remain in valuation and profitability metrics.

National Securities Depository Ltd (NSDL), a key player in the capital markets sector, has experienced a notable shift in its technical momentum, reflecting a complex interplay of bearish and mildly bullish signals. Despite a recent downgrade to a Strong Sell rating, the stock’s technical indicators reveal nuanced trends that investors should carefully consider amid ongoing market volatility.

National Securities Depository Ltd (NSDL), a key player in the capital markets sector, has seen its investment rating downgraded from Sell to Strong Sell as of 5 June 2026. This revision reflects a combination of deteriorating technical indicators, flat financial performance, challenging valuation metrics, and a cautious outlook on its financial trend. The downgrade signals heightened risk for investors amid subdued growth prospects and bearish market signals.

National Securities Depository Ltd (NSDL), a key player in the capital markets sector, has seen a notable shift in its technical momentum, moving from a mildly bearish stance to a more pronounced bearish trend. Despite a modest day gain of 0.27%, the stock’s broader technical indicators and price action suggest increasing downside risks, prompting a downgrade in its Mojo Grade to Strong Sell as of 5 June 2026.

National Securities Depository Ltd (NSDL), a key player in the capital markets sector, has experienced a notable shift in its technical momentum, transitioning from a sideways trend to a mildly bearish stance. With its current market cap categorised as small-cap and a recent downgrade from a Hold to a Sell rating by MarketsMOJO, the stock’s technical indicators reveal a complex picture of price action and momentum that investors should carefully analyse.

National Securities Depository Ltd (NSDL), a key player in the capital markets sector, has experienced a notable shift in its technical momentum, moving from a mildly bearish stance to a sideways trend. Despite a modest day gain of 0.40%, the stock’s broader technical indicators reveal a complex picture, reflecting both resilience and caution amid a challenging market environment.

National Securities Depository Ltd is rated Sell by MarketsMOJO. This rating was last updated on 28 Jan 2026, reflecting a reassessment of the stock’s outlook. However, all fundamentals, returns, and financial metrics discussed here are current as of 30 May 2026, providing investors with the latest perspective on the company’s position.