CDSL Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results: The Central Depository Services Limited (CDSL) is one of the recognized companies that are listed on stock exchanges. CDSL offers a range of services to investors, including dematerialization, rematerialization, secure holding, transfer, and pledge of securities in electronic form. Additionally, the company provides e-voting services to corporations.
Latest Update –CDSL has been in the news for today with the company stating an 82% growth in net profit for the quarter ending June 2024. In the last quarter, profits were at Rs 134.20 crore, as compared with the Rs 73.57 crore profit in the same quarter of the previous year. In Q1, revenue rose 72% to Rs 257.38 crore from Rs 149.68 crore in the same quarter last year.
CDSL Overview
Contents
Central Depository Services Limited (CDSL) is a stock market accompaniment, involved in the provision of services for all market players like exchanges, clearing corporations; depository participants(DPs); issuers among others. It is a place where you can store your shares without any physical records and which enhances easy to trade with other securities.
Company Name | CDSL |
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Listed at | NSE & BSE |
Head Office | 17th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001. |
Board Of Directors |
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Official Website | cdslindia.com |
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CDSL Business Profile
CDSL provides an infrastructure for securities trading electronically, which enables settlement of exchange transactions for shares listed on an exchange. Equities, debentures, bonds, mutual funds Units (MFUs) and derivatives such as Certificates of Deposit (CODs), Treasury Bills (TBs), etc. are traded through this system. Shareholders make their voting decisions using e-Voting, M-Voting or the Myeasi Mobile App. Furthermore, customers can securely store their documents in the e-Locker.
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Business Segments
Depository – Dematerialisation, rematerialisation, holding, transfer and pledge of securities in electronic form and providing e-voting services to companies.
Repository– Offers policyholders and warehouse receipt holders a place where their insurance policies and warehouse receipts should be stored electronically.
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Revenue Breakup
- Annual Issuer Income- 34%
- Transactions Charges- 32%
- IPO / Corporate Action Income- 17%
- Other Income- 17%
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Market Position
Beneficial ownership accounts incremental growth rose from 1.08 Cr in FY16 to 10.5 Cr in Q3 of FY24. CDSL has more than 580 registered distribution points. These DPs operate in 28 states and 8 UTs.
Subsidiaries
CDSL Ventures Ltd (CVL)- The first thing you should know is that there were originally many KYC Registration Agencies (KRA) but today this one seems to be the most popular one among them because it has 6.5 crore KYC records and serves about 1000 companies with RTA services.
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CDSL Insurance Repository Limited (CIRL)- Functions as an ‘Insurance Repository’. It has ties with 35 Life/Health and General Companies.
CDSL Commodity Repository Limited (CCRL)- It enables the ownership and transmission of commodity assets in electronic mode.
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CDSL Fundamentals & Quarterly Results
Market Cap | ₹ 20,480 Cr. |
Current Price | ₹ 1,960 |
High / Low | ₹ 2,239 / 976 |
Stock P/E | 48.8 |
Book Value | ₹ 140 |
Dividend Yield | 0.83 % |
ROCE | 40.2 % |
ROE | 31.3 % |
Face Value | ₹ 10.0 |
Debt to equity | 0.00 |
Debt Capacity | 0.09 |
Debt preceding year | ₹ 2.37 Cr. |
Debt | ₹ 1.35 Cr. |
Reserves | ₹ 1,359 Cr. |
EPS | ₹ 40.1 |
EPS last year | ₹ 40.1 |
Pledged percentage | 0.00 % |
FCF Prev Ann | ₹ 40.7 Cr. |
EV/EBITDA | 35.0 |
Industry PE | 39.2 |
PEG Ratio | 1.64 |
Piotroski score | 7.00 |
Earnings yield | 2.65 % |
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CDSL Quarterly Results
Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
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Sales | 146 | 152 | 137 | 140 | 149 | 141 | 125 | 150 | 207 | 214 | 241 |
Expenses | 47 | 49 | 46 | 66 | 58 | 57 | 56 | 70 | 79 | 84 | 93 |
Operating Profit | 99 | 103 | 90 | 75 | 91 | 85 | 68 | 80 | 128 | 130 | 148 |
OPM % | 68% | 68% | 66% | 53% | 61% | 60% | 55% | 53% | 62% | 61% | 61% |
Other Income | 19 | 11 | 11 | 6 | 21 | 20 | 19 | 24 | 23 | 21 | 29 |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 3 | 3 | 4 | 4 | 5 | 5 | 5 | 6 | 6 | 7 | 8 |
Profit before tax | 115 | 111 | 98 | 77 | 107 | 99 | 82 | 98 | 145 | 145 | 168 |
Tax % | 25% | 25% | 20% | 25% | 25% | 25% | 23% | 25% | 25% | 26% | 23% |
Net Profit | 86 | 84 | 78 | 58 | 80 | 75 | 63 | 74 | 109 | 107 | 129 |
EPS in Rs | 8.22 | 8.01 | 7.43 | 5.53 | 7.69 | 7.14 | 6.04 | 7.04 | 10.42 | 10.28 | 12.37 |
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CAGR Report
10 Years | 5 Years | 3 Years | TTM (Trailing Twelve Months) | |
---|---|---|---|---|
Compounded Sales Growth | 25% | 33% | 33% | 46% |
Compounded Profit Growth | 29% | 30% | 28% | 53% |
Stock Price CAGR | – | 55% | 34% | 103% |
Return on Equity (ROE) | 23% | 26% | 29% | 31% |
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In February 24th, 2022, CDSL has made an investment of Rs 10 Cr in ONDC (1.54% equity stake). ONDC focuses on building an open public digital infrastructure for the growth and change-over of the Indian Digital Commerce Ecosystem.
Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 |
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Promoter Holding (%) | 24.00% | 24.00% | 20.00% | 20.00% | 20.00% | 20.00% | 15.00% |
FII Holding (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 14.67% | 18.16% |
DII Holding (%) | 50.16% | 45.53% | 43.72% | 41.96% | 35.92% | 18.48% | 21.33% |
Public Holding (%) | 25.85% | 30.47% | 36.30% | 38.02% | 44.07% | 46.85% | 45.51% |
No. of Shareholders | 1,36,140 | 1,41,700 | 1,44,902 | 1,77,148 | 6,94,979 | 8,28,853 | 7,77,030 |
Year | Share Price Target |
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2024 | ₹3100 |
2025 | ₹3482 |
2026 | ₹3985 |
2027 | ₹4560 |
2028 | ₹5217 |
2029 | ₹5971 |
2030 | ₹6833 |
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Months | Target Prices |
January | 3103 |
February | 3165 |
March | 3228 |
April | 3121 |
May | 3017 |
June | 2917 |
July | 3034 |
August | 3155 |
September | 3281 |
October | 3347 |
November | 3414 |
December | 3482 |
Months | Target Prices |
January | 3552 |
February | 3623 |
March | 3695 |
April | 3572 |
May | 3453 |
June | 3338 |
July | 3472 |
August | 3611 |
September | 3755 |
October | 3830 |
November | 3907 |
December | 3985 |
Months | Target Prices |
January | 4065 |
February | 4146 |
March | 4229 |
April | 4088 |
May | 3952 |
June | 3820 |
July | 3973 |
August | 4132 |
September | 4297 |
October | 4383 |
November | 4471 |
December | 4560 |
Months | Target Prices |
January | 4651 |
February | 4744 |
March | 4839 |
April | 4678 |
May | 4522 |
June | 4371 |
July | 4546 |
August | 4728 |
September | 4917 |
October | 5015 |
November | 5115 |
December | 5217 |
Months | Target Prices |
January | 5321 |
February | 5427 |
March | 5536 |
April | 5352 |
May | 5174 |
June | 5002 |
July | 5202 |
August | 5410 |
September | 5626 |
October | 5739 |
November | 5854 |
December | 5971 |
Months | Target Prices |
January | 6090 |
February | 6212 |
March | 6336 |
April | 6125 |
May | 5921 |
June | 5724 |
July | 5953 |
August | 6191 |
September | 6439 |
October | 6568 |
November | 6699 |
December | 6833 |
Official Website cdslindia.com