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- Central Depository Services
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

Employees
403
Website
Sectors
Financials (LTM)
EV
$3B
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
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $129M | XXX | $128M | XXX | XXX | XXX |
| Gross Profit | $112M | XXX | $88M | XXX | XXX | XXX |
| Gross Margin | 87% | XXX | 69% | XXX | XXX | XXX |
| EBITDA | — | XXX | $80M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 62% | XXX | XXX | XXX |
| EBIT Margin | 55% | XXX | 53% | XXX | XXX | XXX |
| Net Profit | $54M | XXX | $61M | XXX | XXX | XXX |
| Net Margin | 42% | XXX | 48% | XXX | XXX | XXX |
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.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $3B | 2.2% | XXX | XXX | XXX | $0.29 |
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Start Free TrialCentral Depository Services Valuation Multiples
Central Depository Services trades at 23.4x EV/Revenue multiple, and 37.7x EV/EBITDA.
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.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 23.4x | XXX | 23.5x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 37.7x | XXX | XXX | XXX |
| EV/EBIT | 42.8x | XXX | 44.2x | XXX | XXX | XXX |
| EV/Gross Profit | 26.9x | XXX | 34.1x | XXX | XXX | XXX |
| P/E | 57.8x | XXX | 51.0x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 72.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Central Depository Services Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


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.
Central Depository Services Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 17% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 62% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 6% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | 43% | XXX | 43% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Central Depository Services Public Comps
See public comps and valuation multiples for other Other Financial Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Central Depository Services | XXX | XXX | XXX | XXX | XXX | XXX |
| JTC | XXX | XXX | XXX | XXX | XXX | XXX |
| Republic Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Al Ansari Financial Services | XXX | XXX | XXX | XXX | XXX | XXX |
| KFin Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Choice International | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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).
Latest Acquisitions by Central Depository Services
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCentral 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).
Latest Investments by Central Depository Services
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout 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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