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National Securities Valuation Multiples
Discover revenue and EBITDA valuation multiples for National Securities and similar public comparables like TP ICAP, GlobalData, Servyou Software Group, CRISIL and more.
National Securities Overview
About National Securities
National Securities Depository Ltd is a SEBI-registered market infrastructure institution (MII) that offers a wide range-of-products and services to the financial and securities markets in India. As a depository, it provides a depository framework that allows market participants to engage in the financial and securities markets in India. It also plays a central role in developing products and services that will continue to meet the growing needs of the financial services industry in India. The company's business is to provide depository services to its clients in India, including various services for investors such as dematerialization, re-materialization, holding, transfer, and pledge of securities in electronic form.
Founded
2012
HQ

Employees
450
Website
Sectors
Financials (LTM)
EV
$2B
National Securities Financials
National Securities reported last 12-month revenue of $156M.
In the same LTM period, National Securities generated $154M in gross profit and $39M in net income.
National Securities P&L
In the most recent fiscal year, National Securities reported revenue of $153M and EBITDA of $53M.
National Securities expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $156M | XXX | $153M | XXX | XXX | XXX |
| Gross Profit | $154M | XXX | $132M | XXX | XXX | XXX |
| Gross Margin | 99% | XXX | 86% | XXX | XXX | XXX |
| EBITDA | — | XXX | $53M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 35% | XXX | XXX | XXX |
| EBIT Margin | 28% | XXX | 24% | XXX | XXX | XXX |
| Net Profit | $39M | XXX | $37M | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 24% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
National Securities Stock Performance
National Securities has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
National Securities' stock price is $10.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.0% | XXX | XXX | XXX | $0.19 |
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Start Free TrialNational Securities Valuation Multiples
National Securities trades at 11.8x EV/Revenue multiple, and 34.6x EV/EBITDA.
National Securities Financial Valuation Multiples
As of April 20, 2026, National Securities has market cap of $2B and EV of $2B.
Equity research analysts estimate National Securities' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
National Securities has a P/E ratio of 51.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 11.8x | XXX | 12.0x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 34.6x | XXX | XXX | XXX |
| EV/EBIT | 43.0x | XXX | 50.0x | XXX | XXX | XXX |
| EV/Gross Profit | 12.0x | XXX | 14.0x | XXX | XXX | XXX |
| P/E | 51.6x | XXX | 54.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 35.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified National Securities 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.


National Securities Margins & Growth Rates
National Securities' revenue in the last 12 month grew by 13%.
National Securities' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
National Securities Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 35% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 6% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | 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 | 67% | XXX | 62% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
National Securities Public Comps
See public comps and valuation multiples for other Financial Data & Information comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| National Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| TP ICAP | XXX | XXX | XXX | XXX | XXX | XXX |
| GlobalData | XXX | XXX | XXX | XXX | XXX | XXX |
| Servyou Software Group | XXX | XXX | XXX | XXX | XXX | XXX |
| CRISIL | XXX | XXX | XXX | XXX | XXX | XXX |
| Information Services Corporation | 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.
National Securities M&A Activity
National Securities acquired XXX companies to date.
Last acquisition by National Securities was on XXXXXXXX, XXXXX. National Securities acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by National Securities
| 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 TrialNational Securities Investment Activity
National Securities invested in XXX companies to date.
National Securities made its latest investment on XXXXXXXX, XXXXX. National Securities invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by National Securities
| 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 National Securities
| When was National Securities founded? | National Securities was founded in 2012. |
| Where is National Securities headquartered? | National Securities is headquartered in India. |
| How many employees does National Securities have? | As of today, National Securities has over 450 employees. |
| Is National Securities publicly listed? | Yes, National Securities is a public company listed on Bombay Stock Exchange. |
| What is the stock symbol of National Securities? | National Securities trades under 544467 ticker. |
| When did National Securities go public? | National Securities went public in 2025. |
| Who are competitors of National Securities? | National Securities main competitors are TP ICAP, GlobalData, Servyou Software Group, CRISIL. |
| What is the current market cap of National Securities? | National Securities' current market cap is $2B. |
| What is the current revenue of National Securities? | National Securities' last 12 months revenue is $156M. |
| What is the current revenue growth of National Securities? | National Securities revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of National Securities? | Current revenue multiple of National Securities is 11.8x. |
| Is National Securities profitable? | Yes, National Securities is net-income-positive (as of the last 12 months). |
| What is the current net income of National Securities? | National Securities' last 12 months net income is $39M. |
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