National Securities Depository Ltd () Stock Analysis | Price, Returns, Financials & Key Metrics

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

4.45 lacs (-9.80%) Volume

Shareholding (Sep 2025)

FII

15.90%

Held by 52 FIIs

DII

35.93%

Held by 26 DIIs

Promoter

0.00%

Is N S D L overvalued or undervalued?

01-Sep-2025

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.

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

13-Nov-2025

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.

Which are the latest news on N S D L?

04-Dec-2025

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

Why is N S D L falling/rising?

05-Dec-2025

As of 04-Dec, the stock price of National Securities Depository Ltd (NSDL) is 1,075.10, reflecting a decline of 0.41% and a 5.04% drop over the past six days. The stock is trading below all key moving averages, indicating a bearish trend and decreased investor participation.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

MarketsMojo — Loved in India, Now Global

The power of Mojo is now in 29 countries. Explore global equities with the same cutting-edge features you love.Unlock 29 Markets

Dashboard

Unrated Stock - No Analysis Available

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Capital Markets

Market cap

INR 21,500 Cr (Large Cap)

P/E

63.00

Industry P/E

Dividend Yield

0.19%

Debt Equity

0.01

Return on Equity

15.84%

Price to Book

9.97

Revenue and Profits:

Net Sales:

400 Cr

(Quarterly Results - Sep 2025)

Net Profit:

110 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0.19%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-13.0%

0.15%

-12.85%

6 Months

0.0%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Latest dividend: 2 per share ex-dividend date: Sep-19-2025

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

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

Answer: The historical performance of N S D L shows significant growth in key financial metrics over the past few years. Breakdown: 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...

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

02-Dec-2025 | Source : BSE

Intimation regarding Analyst/Investors meeting on December 05 2025 and December 06 2025

Re-Appointment Of Mr. Sanjay Panicker As Non-Independent Director.

24-Nov-2025 | Source : BSE

Intimation under Regulation 30 with regards to SEBI approval received for re-appointment of Mr. Sanjay Panicker as Non Independent Director.

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

18-Nov-2025 | Source : BSE

Transcript for conference call dated November 13 2025 for Q2 (2025-26) Results.

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

National Securities Depository Ltd has declared 100% dividend, ex-date: 19 Sep 25

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

23.10%

EBIT Growth (5y)

17.33%

Net Debt to Equity (avg)

Institutional Holding

55.13%

ROE (avg)

16.86%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

9.92

EV to EBIT

58.49

EV to EBITDA

52.97

EV to Capital Employed

35.70

EV to Sales

14.01

PEG Ratio

Dividend Yield

0.19%

ROCE (Latest)

61.04%

ROE (Latest)

15.84%

Technicals key factors

Indicator

Weekly

Monthly

No records

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Non Institution

Pledged Promoter Holdings

None

Mutual Funds

Held by 12 Schemes (1.65%)

FIIs

Held by 52 FIIs (15.9%)

Promoter with highest holding

None

Highest Public shareholder

National Stock Exchange Of India Limited (15%)

Individual Investors Holdings

25.14%

Financial

[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Sep'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Sep 2025 is 26.84% vs -3.35% in Jun 2025",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Sep 2025 is 45.72% vs 9.07% in Jun 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Jun'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "204.16",
          "val2": "160.96",
          "chgp": "26.84%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "114.27",
          "val2": "85.80",
          "chgp": "33.18%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.02",
          "val2": "0.03",
          "chgp": "-33.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "120.41",
          "val2": "82.63",
          "chgp": "45.72%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "55.97%",
          "val2": "53.31%",
          "chgp": "2.66%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "365.12",
          "val2": "303.80",
          "chgp": "20.18%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "200.05",
          "val2": "166.86",
          "chgp": "19.89%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.05",
          "val2": "0.04",
          "chgp": "25.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "203.04",
          "val2": "168.38",
          "chgp": "20.58%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "54.79%",
          "val2": "54.92%",
          "chgp": "-0.13%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "470.34",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "249.75",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Interest",
          "val1": "0.06",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "244.14",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "53.10%",
          "val2": "NA%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 11.98% vs 24.10% in Mar 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 24.57% vs 17.31% in Mar 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,420.15",
          "val2": "1,268.24",
          "chgp": "11.98%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "375.51",
          "val2": "285.03",
          "chgp": "31.74%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "4.10",
          "val2": "2.06",
          "chgp": "99.03%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "343.12",
          "val2": "275.45",
          "chgp": "24.57%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "26.44%",
          "val2": "22.47%",
          "chgp": "3.97%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Standalone) - Sep'25 - QoQ

Sep'25

Jun'25

Change(%)

Net Sales

204.16

160.96

26.84%

Operating Profit (PBDIT) excl Other Income

114.27

85.80

33.18%

Interest

0.02

0.03

-33.33%

Exceptional Items

0.00

Standalone Net Profit

120.41

82.63

45.72%

Operating Profit Margin (Excl OI)

55.97%

53.31%

2.66%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Sep 2025 is 26.84% vs -3.35% in Jun 2025

Standalone Net Profit

QoQ Growth in quarter ended Sep 2025 is 45.72% vs 9.07% in Jun 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

365.12

303.80

20.18%

Operating Profit (PBDIT) excl Other Income

200.05

166.86

19.89%

Interest

0.05

0.04

25.00%

Exceptional Items

0.00

Standalone Net Profit

203.04

168.38

20.58%

Operating Profit Margin (Excl OI)

54.79%

54.92%

-0.13%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Mar'25

Mar'25

Change(%)

Net Sales

470.34

Operating Profit (PBDIT) excl Other Income

249.75

Interest

0.06

Exceptional Items

0.00

Standalone Net Profit

244.14

Operating Profit Margin (Excl OI)

53.10%

NA%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Consolidated) - Mar'25

Mar'25

Mar'24

Change(%)

Net Sales

1,420.15

1,268.24

11.98%

Operating Profit (PBDIT) excl Other Income

375.51

285.03

31.74%

Interest

4.10

2.06

99.03%

Exceptional Items

0.00

Consolidate Net Profit

343.12

275.45

24.57%

Operating Profit Margin (Excl OI)

26.44%

22.47%

3.97%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2025 is 11.98% vs 24.10% in Mar 2024

Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 24.57% vs 17.31% in Mar 2024

All Annual Results

Company CV

About National Securities Depository Ltd

National Securities Depository Ltd

Large Cap

Capital Markets

National Security Depository Limited was incorporated on April 27, 2012, as "NSDL Depository Limited" in Mumbai as a Public Limited Company, pursuant to a Certificate of Incorporation. The Company is a SEBI registered market infrastructure institution (MII) offering a wide range of products and services to the financial and securities markets in India. The Company commenced operations through a Certificate of Commencement of Business dated May 16, 2012, issued by the RoC.

Company Coordinates

No Company Details Available

N S D L

1Day

52 Week

CASH

FII

DII

Promoter

Is N S D L overvalued or undervalued?

Watch in Real-Time

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

Which are the latest news on N S D L?

Why is N S D L falling/rising?

MarketsMojo — Loved in India, Now Global

Dashboard

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

Returns Beta

News

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

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Re-Appointment Of Mr. Sanjay Panicker As Non-Independent Director.

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Standalone) - Sep'25 - QoQ

Half Yearly Results Snapshot (Standalone) - Sep'25

Nine Monthly Results Snapshot (Standalone) - Mar'25

Annual Results Snapshot (Consolidated) - Mar'25

About National Securities Depository Ltd

Company Coordinates