N S D L

Which are the latest news on N S D L?

Why is National Securities Depository Ltd falling/rising?

As of 05-Sep, the stock price of National Securities Depository Ltd has risen slightly by 0.14% to 812.85, but it has underperformed significantly over the past year with a return of -34.22%. Despite strong long-term fundamentals, recent poor performance and declining investor interest indicate substantial challenges for the stock.

As of 05-Sep, the stock price of National Securities Depository Ltd is rising slightly, with a change of 1.1 (0.14%) to a current price of 812.85. However, despite this minor increase, the overall performance of the stock indicates a troubling trend. Over the past year, the stock has generated a return of -34.22%, significantly underperforming the benchmark Sensex, which has only declined by 5.21% during the same period. <BR><BR>The stock's recent performance is also concerning, as it is currently 3.06% away from its 52-week low of Rs 788 and has underperformed its sector by -0.94% today. Additionally, the stock has traded in a narrow range of Rs 4.55, indicating limited volatility and interest. The delivery volume has decreased by 20.83% compared to the 5-day average, suggesting falling investor participation.<BR><BR>While the company has strong long-term fundamental strength with an average Return on Equity (ROE) of 16.86% and high institutional holdings at 49.45%, these factors are overshadowed by recent flat results, including a 9.4% decline in Profit Before Tax compared to previous quarters. The stock's valuation is also considered expensive, with a Price to Book Value of 6.9, which raises concerns among investors.<BR><BR>In summary, while there is a slight rise in the stock price today, the broader context of declining returns, poor performance relative to benchmarks, and decreasing investor interest suggests that the stock is facing significant challenges.

What does N S D L do?

National Securities Depository Ltd (NSDL) is a SEBI-registered institution providing various services to India's financial markets, with a market cap of INR 16,187 Cr and a net profit of 98 Cr as of June 2026. It was established in 2012 and is categorized as a Small Cap company in the Capital Markets industry.

Overview: <BR>National Securities Depository Ltd is a SEBI registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India, categorized as a Small Cap company in the Capital Markets industry.<BR><BR>History: <BR>The company was incorporated on April 27, 2012, originally named "NSDL Depository Limited" in Mumbai. It commenced operations on May 16, 2012, and the latest quarterly results report net sales and profit for June 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 517 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 98 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 16,187 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 42.00 <BR>Industry P/E: 21 <BR>Dividend Yield: 0.25% <BR>Debt-Equity: 0.01 <BR>Return on Equity: 16.02% <BR>Price to Book: 6.87 <BR><BR>Contact Details: <BR>No Company Details Available <BR>Registrar Address: Not available.

Who are the peers of the N S D L?

N S D L's peers include Aditya AMC, Angel One, Cams Services, KFin Technologies, Prudent Corp, UTI AMC, Indian Energy Exchange, IIFL Capital, and C D S L. N S D L has average management risk and growth, with a 1-year return of -34.39%, significantly lower than its peers, while Prudent Corp leads with a 30.08% return.

Peers: The peers of N S D L are Aditya AMC, Angel One, Cams Services, KFin Technolog., Prudent Corp, UTI AMC, Indian Energy Ex, IIFL Capital, C D S L.<BR><BR>Quality Snapshot: Excellent management risk is observed at Angel One, Cams Services, KFin Technolog., Prudent Corp, Indian Energy Ex, and C D S L, while Good management risk is found at Aditya AMC and UTI AMC. Average management risk is present at N S D L and IIFL Capital. Growth is rated as Excellent for Angel One, KFin Technolog., Prudent Corp, and C D S L, while Good growth is seen at Aditya AMC and IIFL Capital. Average growth is attributed to N S D L, while Below Average growth is noted for Cams Services, UTI AMC, and Indian Energy Ex.<BR><BR>Return Snapshot: Prudent Corp has the highest 1-year return at 30.08%, while N S D L has the lowest at -34.39%. Compared to its peers, N S D L's return is significantly lower. Additionally, the six-month return is negative for N S D L, UTI AMC, and Indian Energy Ex.

How big is N S D L?

As of 31st August, National Securities Depository Ltd has a market capitalization of 16,187.00 Cr, with Net Sales of 1,734.56 Cr and a Net Profit of 388.30 Cr reported in the latest four quarters. Shareholder's Funds were valued at 2,005.34 Cr, and Total Assets amounted to 2,980.77 Cr for the annual period ending in March 2025.

As of 31st August, National Securities Depository Ltd has a market capitalization of 16,187.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 1,734.56 Cr and a Net Profit of 388.30 Cr.<BR><BR>For the latest annual period ending in March 2025, Shareholder's Funds were valued at 2,005.34 Cr, while Total Assets amounted to 2,980.77 Cr.

Are National Securities Depository Ltd latest results good or bad?

National Securities Depository Ltd's latest results show strong revenue growth, with a net profit of ₹98.19 crore and a 65.57% year-on-year increase in revenue. However, declining operating and profit margins raise concerns about profitability, leading to a cautious outlook for the company.

The latest results for National Securities Depository Ltd (NSDL) reflect a mixed performance. On one hand, the company achieved a net profit of ₹98.19 crore for Q1 FY27, which is an increase of 8.97% quarter-on-quarter and 9.55% year-on-year. Additionally, revenue grew significantly, reaching ₹516.63 crore, marking a remarkable 65.57% increase year-on-year and a 12.74% rise from the previous quarter.<BR><BR>However, despite this impressive revenue growth, there are significant concerns regarding profitability. The operating margin (excluding other income) fell sharply to 19.54%, down from 22.67% in the previous quarter, indicating rising cost pressures that are impacting operational efficiency. Similarly, the profit after tax (PAT) margin also declined to 19.03%, down from 19.71% sequentially.<BR><BR>Overall, while NSDL's revenue growth is commendable and represents the highest quarterly sales in its history, the decline in margins and the inability to translate revenue growth into proportionate profit increases raise red flags about the company's operational health. This combination of strong revenue but declining margins suggests that the results are not entirely positive, leading to a cautious outlook for the company moving forward.

Should I buy, sell or hold National Securities Depository Ltd?

How has been the historical performance of N S D L?

N S D L has shown significant growth from Mar'22 to Mar'25, with net sales increasing from 761.11 Cr to 1,420.15 Cr, and profit after tax rising from 214.00 Cr to 340.72 Cr, alongside substantial improvements in total assets and cash flow. Overall, the company has demonstrated robust financial performance across key metrics.

Answer:<BR>The historical performance of N S D L shows significant growth in key financial metrics over the past few years.<BR><BR>Breakdown:<BR>N S D L's net sales have increased from 761.11 Cr in Mar'22 to 1,420.15 Cr in Mar'25, indicating a strong upward trend. Total operating income has mirrored this growth, rising from 761.11 Cr in Mar'22 to 1,420.15 Cr in Mar'25. The company's total expenditure, excluding depreciation, also grew from 520.58 Cr in Mar'22 to 1,044.64 Cr in Mar'25, while operating profit (PBDIT) improved from 300.71 Cr in Mar'22 to 490.55 Cr in Mar'25. Profit before tax has seen a similar increase, moving from 279.61 Cr in Mar'22 to 451.04 Cr in Mar'25, and profit after tax rose from 214.00 Cr to 340.72 Cr in the same period. The consolidated net profit reached 343.12 Cr in Mar'25, up from 212.59 Cr in Mar'22. The company's total assets have expanded significantly from 1,686.03 Cr in Mar'22 to 2,980.77 Cr in Mar'25, while total liabilities increased from 1,686.03 Cr to 2,980.77 Cr. Cash flow from operating activities improved from 147.00 Cr in Mar'22 to 557.00 Cr in Mar'25, contributing to a closing cash and cash equivalent of 145.00 Cr in Mar'25, up from 144.00 Cr in Mar'22. Overall, N S D L has demonstrated robust growth across its financial metrics over the past few years.

Is N S D L overvalued or undervalued?

As of August 29, 2025, N S D L is considered very expensive and overvalued with a PE ratio of 72.17, significantly higher than its peers, and has underperformed the market with a 2.92% decline compared to the Sensex's 1.84% drop.

As of 29 August 2025, the valuation grade for N S D L has moved from does not qualify to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, with a PE ratio of 72.17, an EV to EBITDA of 63.13, and an EV to Sales ratio of 16.69. These ratios are substantially higher than those of its peers, such as Bajaj Finance with a PE of 31.3 and Bajaj Finserv at 32.09, both of which are also categorized as expensive but remain significantly lower than N S D L.<BR><BR>In comparison to the broader market, N S D L's recent performance shows a decline of 2.92% over the past week, while the Sensex has only decreased by 1.84%. This underperformance, coupled with high valuation ratios, reinforces the conclusion that N S D L is overvalued in the current market environment.