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Central Depository Services Valuation Multiples

Discover revenue and EBITDA valuation multiples for Central Depository Services and similar public comparables like JTC, Republic Bank, Al Ansari Financial Services, KFin Technologies and more.

Central Depository Services Overview

About Central Depository Services

Central Depository Services (India) Ltd is a securities depository in India. It offers dematerialization for a wide range of securities, including equity shares, preference shares, mutual fund units, debt instruments, and government securities. In addition, it is involved in centralized record keeping of KYC documents of investors, and providing repository services to policyholders to store their receipts and policies in electronic form. The group operates in three segments: Depository, Data Entry, and Storage and Repository. A majority of its revenue is generated from the Depository segment, which provides various services to investors, including dematerialization, rematerialization, holding, transfer, and pledge of securities in electronic form, as well as e-voting services to companies.


Founded

1997

HQ

India

Employees

403

Financials (LTM)

Revenue: $129M
Net Income: $54M

EV

$3B

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Central Depository Services Financials

Central Depository Services reported last 12-month revenue of $129M.

In the same LTM period, Central Depository Services generated $112M in gross profit and $54M in net income.

Revenue (LTM)


Central Depository Services P&L

In the most recent fiscal year, Central Depository Services reported revenue of $128M and EBITDA of $80M.

Central Depository Services expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Central Depository Services forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$129MXXX$128MXXXXXXXXX
Gross Profit$112MXXX$88MXXXXXXXXX
Gross Margin87%XXX69%XXXXXXXXX
EBITDAXXX$80MXXXXXXXXX
EBITDA MarginXXX62%XXXXXXXXX
EBIT Margin55%XXX53%XXXXXXXXX
Net Profit$54MXXX$61MXXXXXXXXX
Net Margin42%XXX48%XXXXXXXXX

Financial data powered by Morningstar, Inc.

Central Depository Services Stock Performance

Central Depository Services has current market cap of $3B, and enterprise value of $3B.

Market Cap Evolution


Central Depository Services' stock price is $14.97.

See Central Depository Services trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$3B$3B2.2%XXXXXXXXX$0.29

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Central Depository Services Valuation Multiples

Central Depository Services trades at 23.4x EV/Revenue multiple, and 37.7x EV/EBITDA.

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EV / Revenue (LTM)


Central Depository Services Financial Valuation Multiples

As of April 19, 2026, Central Depository Services has market cap of $3B and EV of $3B.

Equity research analysts estimate Central Depository Services' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Central Depository Services has a P/E ratio of 57.8x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$3BXXX$3BXXXXXXXXX
EV (current)$3BXXX$3BXXXXXXXXX
EV/Revenue23.4xXXX23.5xXXXXXXXXX
EV/EBITDAXXX37.7xXXXXXXXXX
EV/EBIT42.8xXXX44.2xXXXXXXXXX
EV/Gross Profit26.9xXXX34.1xXXXXXXXXX
P/E57.8xXXX51.0xXXXXXXXXX
EV/FCFXXX72.5xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Central Depository Services Valuation Multiples

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Central Depository Services Margins & Growth Rates

Central Depository Services' revenue in the last 12 month grew by 17%.

Central Depository Services' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

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Central Depository Services Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth17%XXX(1%)XXXXXXXXX
EBITDA MarginXXX62%XXXXXXXXX
EBITDA GrowthXXX6%XXXXXXXXX
Revenue per EmployeeXXX$0.3MXXXXXXXXX
Opex per EmployeeXXX$0.1MXXXXXXXXX
S&M Expenses to RevenueXXX0%XXXXXXXXX
G&A Expenses to RevenueXXX3%XXXXXXXXX
Opex to Revenue43%XXX43%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Central Depository Services Public Comps

See public comps and valuation multiples for other Other Financial Services comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
Central Depository ServicesXXXXXXXXXXXXXXXXXX
JTCXXXXXXXXXXXXXXXXXX
Republic BankXXXXXXXXXXXXXXXXXX
Al Ansari Financial ServicesXXXXXXXXXXXXXXXXXX
KFin TechnologiesXXXXXXXXXXXXXXXXXX
Choice InternationalXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Central Depository Services M&A Activity

Central Depository Services acquired XXX companies to date.

Last acquisition by Central Depository Services was on XXXXXXXX, XXXXX. Central Depository Services acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Central Depository Services

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Central Depository Services Investment Activity

Central Depository Services invested in XXX companies to date.

Central Depository Services made its latest investment on XXXXXXXX, XXXXX. Central Depository Services invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Central Depository Services

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Central Depository Services

When was Central Depository Services founded?Central Depository Services was founded in 1997.
Where is Central Depository Services headquartered?Central Depository Services is headquartered in India.
How many employees does Central Depository Services have?As of today, Central Depository Services has over 403 employees.
Who is the CEO of Central Depository Services?Central Depository Services' CEO is Nehal Vora.
Is Central Depository Services publicly listed?Yes, Central Depository Services is a public company listed on National Stock Exchange of India.
What is the stock symbol of Central Depository Services?Central Depository Services trades under CDSL ticker.
When did Central Depository Services go public?Central Depository Services went public in 2017.
Who are competitors of Central Depository Services?Central Depository Services main competitors are JTC, Republic Bank, Al Ansari Financial Services, KFin Technologies.
What is the current market cap of Central Depository Services?Central Depository Services' current market cap is $3B.
What is the current revenue of Central Depository Services?Central Depository Services' last 12 months revenue is $129M.
What is the current revenue growth of Central Depository Services?Central Depository Services revenue growth (NTM/LTM) is 17%.
What is the current EV/Revenue multiple of Central Depository Services?Current revenue multiple of Central Depository Services is 23.4x.
Is Central Depository Services profitable?Yes, Central Depository Services is net-income-positive (as of the last 12 months).
What is the current net income of Central Depository Services?Central Depository Services' last 12 months net income is $54M.

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