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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.
1997
403
LTM Revenue $129M
Last FY EBITDA $85.2M
$3.3B
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Central Depository Services has a last 12-month revenue (LTM) of $129M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Central Depository Services achieved revenue of $124M and an EBITDA of $85.2M.
Central Depository Services expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Central Depository Services valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $129M | XXX | $124M | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | $94.1M | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | 76% | XXX | XXX | XXX |
| EBITDA | n/a | XXX | $85.2M | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | 69% | XXX | XXX | XXX |
| EBIT | $72.1M | XXX | $66.0M | XXX | XXX | XXX |
| EBIT Margin | 56% | XXX | 53% | XXX | XXX | XXX |
| Net Profit | $60.1M | XXX | $60.3M | XXX | XXX | XXX |
| Net Margin | 46% | XXX | 49% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of August 29, 2025, Central Depository Services's stock price is INR 1424 (or $16).
Central Depository Services has current market cap of INR 298B (or $3.4B), and EV of INR 288B (or $3.3B).
See Central Depository Services trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.3B | $3.4B | XXX | XXX | XXX | XXX | $0.29 |
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Start Free TrialAs of August 29, 2025, Central Depository Services has market cap of $3.4B and EV of $3.3B.
Central Depository Services's trades at 28.4x EV/Revenue multiple, and 40.9x EV/EBITDA.
Equity research analysts estimate Central Depository Services's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Central Depository Services has a P/E ratio of 56.8x.
See valuation multiples for Central Depository Services and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3.4B | XXX | $3.4B | XXX | XXX | XXX |
| EV (current) | $3.3B | XXX | $3.3B | XXX | XXX | XXX |
| EV/Revenue | 25.5x | XXX | 28.4x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | 40.9x | XXX | XXX | XXX |
| EV/EBIT | 45.8x | XXX | 52.5x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 56.8x | XXX | 59.6x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 78.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialCentral Depository Services's last 12 month revenue growth is 14%
Central Depository Services's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Central Depository Services's rule of 40 is 83% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Central Depository Services's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Central Depository Services and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | 69% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 83% | XXX | 83% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 23% | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Bell Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Cairo Mezz | XXX | XXX | XXX | XXX | XXX | XXX |
| Choice International | XXX | XXX | XXX | XXX | XXX | XXX |
| Motilal Oswal | XXX | XXX | XXX | XXX | XXX | XXX |
| Share India | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Central Depository Services acquired XXX companies to date.
Last acquisition by Central Depository Services was XXXXXXXX, XXXXX XXXXX XXXXXX . Central Depository Services acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| 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 403 employees. |
| Who is the CEO of Central Depository Services? | Central Depository Services's CEO is Mr. Nehal Vora. |
| Is Central Depository Services publicy listed? | Yes, Central Depository Services is a public company listed on NSE. |
| 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? | Similar companies to Central Depository Services include e.g. Bell Financial Group, Cairo Mezz, Choice International, Motilal Oswal. |
| What is the current market cap of Central Depository Services? | Central Depository Services's current market cap is $3.4B |
| What is the current revenue of Central Depository Services? | Central Depository Services's last 12 months revenue is $129M. |
| What is the current revenue growth of Central Depository Services? | Central Depository Services revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Central Depository Services? | Current revenue multiple of Central Depository Services is 25.5x. |
| Is Central Depository Services profitable? | Yes, Central Depository Services is EBITDA-positive (as of the last 12 months). |
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