N S D L

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.

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.

Which are the latest news on N S D L?

Why is National Securities Depository Ltd falling/rising?

As of 17-Mar, the stock price of National Securities Depository Ltd is slightly rising to 858.25 after three days of decline, but it remains close to its 52-week low and has underperformed its sector. Despite strong long-term fundamentals, recent declines and valuation concerns have led to a cautious investor outlook.

As of 17-Mar, the stock price of National Securities Depository Ltd is rising slightly, with a current price of 858.25, reflecting a change of 1.0 (0.12%) upwards. This increase comes after a trend reversal, as the stock has gained after three consecutive days of decline. However, it is important to note that the stock is still close to its 52-week low, being only 0.5% away from a low of Rs 854.<BR><BR>Despite the slight rise today, the stock has underperformed its sector by 0.68% and is trading lower than its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 20.18% compared to the 5-day average. <BR><BR>On a broader scale, the stock has experienced significant declines over the past month and year-to-date, with losses of 7.70% and 19.27%, respectively. This is in contrast to the benchmark Sensex, which has also seen declines but at a lesser rate. The stock's long-term fundamentals remain strong, with a healthy growth rate in net sales and operating profit, alongside high institutional holdings. However, concerns regarding its valuation and flat results in December have contributed to a cautious outlook among investors.

Why is National Securities Depository Ltd falling/rising?

As of 18-Mar, the stock price of National Securities Depository Ltd is rising to Rs 895.80, reflecting a 4.38% increase. This rise is driven by strong recent performance and fundamentals, despite concerns over valuation and declining investor participation.

As of 18-Mar, the stock price of National Securities Depository Ltd is rising, currently at Rs 895.80, which reflects an increase of Rs 37.55 or 4.38%. This upward movement can be attributed to several factors. Notably, the stock has outperformed its sector by 3.03% today and has shown a consecutive gain over the last two days, accumulating a total return of 4.5% during this period. Additionally, the stock reached an intraday high of Rs 899.8, indicating strong buying interest.<BR><BR>Despite a decline of 15.74% year-to-date, the stock's recent performance contrasts with the broader market, as it has gained 2.19% over the past week while the Sensex has slightly decreased by 0.21%. The company also demonstrates strong long-term fundamentals, with a robust average Return on Equity (ROE) of 16.86% and significant growth in net sales and operating profit, which have increased at annual rates of 23.10% and 17.33%, respectively.<BR><BR>However, it is important to note that there are some negative indicators as well. The stock is currently 4.67% away from its 52-week low, and there has been a decline in investor participation, with delivery volume falling by 25% compared to the 5-day average. Additionally, the stock's valuation is considered expensive, with a Price to Book Value of 8.3, despite the company’s profits rising by 25% over the past year.<BR><BR>In summary, the rise in National Securities Depository Ltd's stock price is primarily driven by recent positive performance metrics and strong fundamentals, despite some underlying concerns regarding valuation and investor participation.

Why is National Securities Depository Ltd falling/rising?

As of 19-Mar, the stock price of National Securities Depository Ltd is declining, currently at 878.65, reflecting a 1.91% decrease. This downturn is influenced by recent losses, underperformance relative to the market, and investor caution despite strong long-term growth fundamentals.

As of 19-Mar, the stock price of National Securities Depository Ltd is falling, currently at 878.65, which reflects a decrease of 17.15 or 1.91%. This decline is influenced by several factors. Firstly, the stock opened with a loss of 2.32% today and reached an intraday low of 874.35, indicating a negative trend. Additionally, the stock has fallen after two consecutive days of gains, suggesting a reversal in momentum.<BR><BR>In terms of performance relative to the market, the stock has underperformed over the past month, with a decline of 5.29%, while the benchmark Sensex has fallen by 10.05%. Year-to-date, the stock is down 17.35%, compared to a 12.92% decline in the Sensex. This indicates that while the stock is experiencing a downturn, it is performing relatively better than the broader market in the short term.<BR><BR>Moreover, the finance/NBFC sector has also seen a decline of 3.83%, which may contribute to the stock's falling price. Despite a rise in investor participation, with delivery volume increasing by 41.46% against the 5-day average, the overall sentiment appears negative, compounded by the stock being 2.81% away from its 52-week low.<BR><BR>The company's fundamentals show strong long-term growth, with net sales increasing at an annual rate of 23.10% and operating profit at 17.33%. However, the stock is considered very expensive with a price-to-book value of 8.1, and flat results reported in December may have led to investor caution. Overall, these factors contribute to the current decline in the stock price of National Securities Depository Ltd.

Why is National Securities Depository Ltd falling/rising?

As of 20-Mar, the stock price of National Securities Depository Ltd is at 871.40, reflecting a decline of 0.83% and nearing its 52-week low. Despite strong long-term fundamentals, the stock is considered expensive and has underperformed its sector, contributing to its recent decline.

As of 20-Mar, the stock price of National Securities Depository Ltd is falling, currently at 871.40, which reflects a decrease of 7.25 or 0.83%. The stock has been experiencing a consecutive decline over the past two days, with a total drop of 2.72% during this period. Additionally, the stock is close to its 52-week low, being only 2% away from the low of Rs 854.<BR><BR>In terms of performance relative to the market, the stock has underperformed its sector by 0.26% today. The delivery volume has also seen a significant decline, dropping by 28.43% compared to the 5-day average, indicating falling investor participation. Although the stock is liquid enough for trading, it is currently trading higher than its 5-day moving averages but lower than the longer-term moving averages (20-day, 50-day, 100-day, and 200-day).<BR><BR>Despite some positive long-term fundamentals, such as a strong average Return on Equity (ROE) of 16.86% and healthy growth in net sales and operating profit, the stock is viewed as expensive with a high Price to Book Value ratio of 8. This valuation, coupled with flat results reported in December, contributes to the perception that the stock may not be a favorable investment at this time, leading to its current decline.

Why is National Securities Depository Ltd falling/rising?

As of 23-Mar, the stock price of National Securities Depository Ltd is currently Rs. 839.85, reflecting a 3.62% decline and a total drop of 6.25% over the last three days. The stock has underperformed the Sensex significantly, with a year-to-date decline of 21.00%, and is experiencing waning investor interest and bearish sentiment.

As of 23-Mar, the stock price of National Securities Depository Ltd is falling, currently at Rs. 839.85, which reflects a decrease of Rs. 31.55 or 3.62%. This decline is part of a broader trend, as the stock has been losing value for the last three days, resulting in a total drop of 6.25% during this period. Additionally, the stock reached a new 52-week low of Rs. 834 today, indicating significant downward pressure.<BR><BR>The stock's performance over various time frames also shows a negative trend, with a year-to-date decline of 21.00%, which is considerably worse than the benchmark Sensex's decline of 14.70% in the same period. The stock has underperformed the Sensex over the past week and month as well, with declines of 2.03% and 8.64%, respectively.<BR><BR>Investor participation appears to be waning, as evidenced by a 12.91% drop in delivery volume compared to the five-day average. Furthermore, the stock is trading below its moving averages across multiple time frames, which typically signals bearish sentiment among investors. The finance/NBFC sector as a whole has also experienced a decline of 3.9%, contributing to the negative sentiment surrounding the stock.<BR><BR>Despite some positive long-term fundamentals, such as a strong average return on equity and healthy growth in net sales, the stock's expensive valuation and flat results in recent quarters have led to concerns among investors. These factors collectively contribute to the stock's current downward trajectory.

Why is National Securities Depository Ltd falling/rising?

As of 24-Mar, the stock price of National Securities Depository Ltd is rising to Rs 857.20, up 2.07% today after a trend reversal. Despite this short-term gain, the stock has a year-to-date decline of 19.37% and is trading below its moving averages, indicating ongoing bearish trends.

As of 24-Mar, the stock price of National Securities Depository Ltd is rising, currently at Rs 857.20, reflecting an increase of Rs 17.35 or 2.07%. This upward movement follows a trend reversal after three consecutive days of decline. The stock opened with a gain of 2.16% today and reached an intraday high of Rs 865, which is a 2.99% increase.<BR><BR>Despite the positive movement today, the stock has been underperforming in the longer term, with a year-to-date decline of 19.37%, compared to a 13.09% drop in the benchmark Sensex. Additionally, the stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend over a longer period.<BR><BR>However, there are some positive indicators contributing to the current rise. There has been a significant increase in investor participation, with delivery volume rising by 90.44% against the 5-day average. Furthermore, the finance/NBFC sector has gained by 2.38%, which may be providing some support to the stock's performance.<BR><BR>In summary, while National Securities Depository Ltd is experiencing a rise in its stock price today, it is important to note the broader context of its recent performance and the challenges it faces in the market.

Why is National Securities Depository Ltd falling/rising?

As of 25-Mar, the stock price of National Securities Depository Ltd is rising to 861.20, but it has underperformed in the broader market with a year-to-date decline of 19.00%. Despite strong long-term fundamentals, the stock is considered expensive and is trading below key moving averages, indicating a bearish trend.

As of 25-Mar, the stock price of National Securities Depository Ltd is rising, currently at 861.20, reflecting a change of 4.0 (0.47%) upward. This increase follows a trend where the stock has gained for the last two days, achieving a total return of 2.54% during this period. Additionally, the stock reached an intraday high of Rs 879 today.<BR><BR>Despite this recent uptick, the stock has been underperforming in the broader market context. Over the past week, it has declined by 3.86%, while the benchmark Sensex fell by only 1.87%. Furthermore, the stock has experienced a significant year-to-date decline of 19.00%, compared to the Sensex's drop of 11.67%. <BR><BR>The stock is currently trading below all key moving averages, indicating a bearish trend. It is also close to its 52-week low, being only 3.16% away from Rs 834. Additionally, there has been a decrease in investor participation, with delivery volume falling by 1.73% against the five-day average.<BR><BR>On the positive side, the company has strong long-term fundamentals, with an average Return on Equity (ROE) of 16.86% and healthy growth rates in net sales and operating profit. However, the stock is considered expensive, with a Price to Book Value of 7.9, and flat results reported in December 2025 may be contributing to cautious investor sentiment.<BR><BR>Overall, while the stock is currently rising, it faces challenges from its recent performance trends and valuation concerns.