ABOUT THE COMPANY : National Securities Depository Limited (NSDL),
founded in 1996 and based in Mumbai, is India’s first electronic securities
depository. It was established to bring efficiency, safety, and speed to the
Indian capital market by replacing the earlier paper-based system with a fully
digital one. NSDL introduced the concept of Demat accounts in India, allowing
investors to hold and transfer securities electronically—much like using a
bank account for money.
Over the years, NSDL has become a key player in the financial market
infrastructure. As of 2024, it became the first Indian depository to cross ₹500
lakh crore in the total value of securities held in dematerialized form. With a
wide network of Depository Participants across the country, NSDL offers its
services to investors, brokers, and companies, ensuring secure and seamless
handling of financial securities.
Financial Overview (Rs. In Cr.) :
05 JULY
Particular FY22 FY23 FY24 FY25
Total Income(Cr.) 761 1022 1268 1420
Rebalance
PAT (Cr.) Trade212Has Been
235 Generated
275 343
NPM 27.86 22.99 21.69 24.2
EPS 53 11.75 13.75 17.2
Total Income(Cr.) Net Profit (Cr.)
28370
343
18198 275
212 235
13637
10252
FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25
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Strong Growth: ISIN INE301O01023
NSDL has delivered solid growth with a 3-year
Face Value (Rs) 2
revenue CAGR of 38%, and EBITDA & PAT growing at
Market Cap (Rs
13% each. 25000
crs)
Book Value (Rs) 100
Improved Profitability:
Stock P/E 72.80
Return ratios have improved — ROE jumped from
16% to 29.66%, and ROCE from 21.2% to 37.6%, P/B 12.46
showing efficient use of capital. RoE 17.10
EPS 17.15
Financially Sound: Dividend Rs.
2
With a debt-to-equity of just 0.01 and a current ratio (FY25)
of 1.6, NSDL is almost debt-free and maintains
strong liquidity.
Shareholding Pattern :
05Shareholders
JULY Holding(%) Holding(%)
IDBI Bank 26.1
NSE 24.01 34%
26%
IDBI Bank
NSE
HDF Bank 8.94 HDF Bank
Unit Trust oF india
Unit Trust oF india 6.83 7% 24%
Others
9%
Others 34.12
Attractive Opportunity:
As a key player in India’s growing capital markets, NSDL offers a stable and scalable
business with long-term potential.
Source : Unlistedzone
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disclaimer