A deep dive into CDSL (CDSL) — examining the financials, valuation picture, and who owns the stock.
CDSL Revenue Trend
CDSL's top line grew 5.8% to ₹1,145 Cr in FY2026, compared to ₹1,082 Cr in FY2025.
The long-term growth story is impressive: a 25.0% CAGR over 10 years, from ₹123 Cr to ₹1,145 Cr. That's well above what most listed companies manage.
A ₹1,145 Cr revenue base makes CDSL a mid-sized name in the Indian stockbroking sector.
CDSL has posted revenue growth for 10 consecutive years — that's a sustained trend, not a one-off.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹1,145 Cr | +5.8% |
| FY2025 | ₹1,082 Cr | +33.2% |
| FY2024 | ₹812 Cr | +46.3% |
| FY2023 | ₹555 Cr | +0.7% |
| FY2022 | ₹551 Cr | — |
View CDSL's full 10-year revenue trend with CAGR analysis →
CDSL Profitability
Year-over-year, CDSL's bottom line dropped 13.4% from ₹527 Cr to ₹456 Cr in FY2026.
Net margin thinned to 39.8% in FY2026, compared to 48.7% the year before.
On an EPS basis, the company earned ₹21.82 (diluted) in FY2026 versus ₹25.20 in FY2025.
Is CDSL Undervalued
CDSL shares are currently trading at ₹1,322.20.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
CDSL Shareholding Pattern
Promoters haven't moved — their 15.0% holding has been unchanged for 4 quarters.
Foreign institutions moved their stake down to 8.2% from 11.5% over the past year.
Domestic institutions moved their stake up to 15.2% from 14.2% over the past year.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 15.0% | 8.2% | 15.2% | 61.6% |
| Mar 2026 | 15.0% | 11.4% | 14.4% | 59.2% |
| Dec 2025 | 15.0% | 12.4% | 15.1% | 57.5% |
| Sep 2025 | 15.0% | 11.5% | 14.2% | 59.3% |
Track quarterly shareholding changes for CDSL →
CDSL Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2026 total assets: ₹24.19B (up 11.9% YoY from ₹21.62B).
Top categories: Cash & ST Investments (32.2%), Investments (31.4%), Property, Plant & Equipment (19.3%).
Of the ₹24.19B in liabilities and equity, 82.8% is shareholder equity, 0.1% is interest-bearing debt, and 17.1% is operating liabilities. Over the year, debt is down 26.1% and equity is up 11.0%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 7.79B |
| Receivables | 646.12M |
| Property, Plant & Equipment | 4.67B |
| Investments | 7.59B |
| Intangibles & Goodwill | 363.49M |
| Other Assets | 3.12B |
| Category | Value |
|---|---|
| Equity | 20.02B |
| Short-term Debt | 11.63M |
| Long-term Debt | 10.37M |
| Trade Payables | 522.02M |
| Other Liabilities | 3.62B |
CDSL Stock Analysis
What should investors take away from CDSL's (CDSL) latest numbers? Here's the summary.
Revenue of ₹1,145 Cr in FY2026, up 5.8% year-over-year.
Long-term revenue has been compounding at 25.0% annually over 10 years.
The company is profitable, with a net margin of 39.8% and net income of ₹456 Cr.
Unlock Full Analysis
See the full picture — Craytheon tracks 10 years of financial data with interactive charts, growth trends, and three valuation models for CDSL.