CDSL Share price | All you need to know

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Closing price

On Friday, 7th July, the share price was closed at 1178.60 at NSE. There have been rise in volumes recently.

NSDL IPO is expected before December. It is the only listed peer of CDSL. This might make CDSL a good candidate for re-rating.

About CDSL

Central Depository Services Limited (“CDSL”) was found in 1999.

CDSL is the main part of the Capital market structure, providing services to all Market participants – Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers and Investors.

Some Numbers

CDSL manages around 8 crore investor’s accounts out of 11 crore accounts. The company is maintaining healthy dividend payout of 52.6 percent. It is almost debt-free company with good profit growth of 21.8% CAGR over last 5 years.

The stock has corrected from 1452 levels. The consolidation phase seems to be over. ROCE and ROE stand at 31.6 percent and 23.9 percent respectively.

Future

The company has really good management. Since it has good market share and proven track record, its a good re-rating candidate after NSDL’s IPO. Interesting times ahead!

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