National Securities Depository Ltd (NSDL) — shareholding pattern, promoter holding, financials and share price
About National Securities Depository Ltd (NSDL)
National Securities Depository Ltd operates in the Depositories, Clearing Houses and Other Intermediaries industry, within the Financial Services sector. It trades on the NSE as NSDL and on the BSE under scrip code 544467. Its ISIN is INE301O01023.
Incorporated in 2012, National Securities Depository Ltd provides electronic infrastructure for dematerialization of securities and facilitates electronic settlement of trades in Indian Securities Market [1]
National Securities Depository Limited (NSDL) is the largest depository in India, offering services that enable market participants to hold and transfer securities electronically. The company plays a pivotal role in the transition to digital financial infrastructure.
NSDL recorded substantial financial growth in Q3 FY26, with a 15.4% YoY increase in total income, reaching INR 198.7 crores. Profit after tax remained stable at INR 77.9 crores, albeit with a noteworthy one-time tax impact.
Listed peers in Depositories, Clearing Houses and Other Intermediaries: Computer Age Management Services Ltd, Vertis Infrastructure Trust, KFin Technologies Ltd, UTI Asset Management Company Ltd, Prudent Corporate Advisory Services Ltd, Indian Energy Exchange Ltd.
Valuation & Returns
10 Jul 2026At ₹850.65 a share on 10 Jul 2026, National Securities Depository Ltd (NSDL) was valued at a price-to-earnings ratio of 44.77x against an industry P/E of 43.11x and a price-to-book of 8.48x on a book value of ₹100.27 per share as of Mar 2025. Solomo computes return on equity of 18.95% and return on capital employed of 25.42% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 44.77x
- Industry P/E
- 43.11x
- P/B
- 8.48x
- EPS (TTM)
- ₹19
- Book value / share
- ₹100.27
- ROE
- 18.95%
- ROCE
- 25.42%
- ROA
- 12.73%
- Debt / equity
- 0.01x
- Dividend yield
- 0.24%
- EBITDA margin
- 36.62%
- 52-week range
- ₹788 – ₹1,425
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, National Securities Depository Ltd (NSDL) reported revenue of ₹1,530 crore, net profit of ₹380 crore and earnings per share of ₹18.99. That compares with revenue of ₹1,420 crore and net profit of ₹343 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹458 crore and net profit ₹90 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 761 | 1,022 | 1,268 | 1,420 | 1,530 |
| Net profit (₹ cr) | 213 | 235 | 275 | 343 | 380 |
| EPS (₹) | 53.15 | 11.74 | 13.77 | 17.16 | 18.99 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 19.91% | 18.77% | 11.98% |
| Profit growth | 24.29% | 20.55% | 24.57% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 0% of National Securities Depository Ltd (NSDL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 11.7% and domestic institutional investors (DII) hold 37.75%. Market capitalisation was ₹17,013 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2025.
Largest disclosed public shareholders in Jun 2026: National Stock Exchange of India Limited 15%, IDBI Bank Ltd 14.99%, HDFC Bank Limited 6.95%, Administrator of the Specified Undertaking of the Unit Trust of India- Unit Scheme 1964 5.12%, Deutsche Bank A.G. 3.61%, The Hongkong and Shanghai Banking Corp. Ltd. 3.13%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 0% | - | 11.7% | 37.75% | 100% |
| Mar 2026 | 0% | - | 14.4% | 37.63% | 100% |
| Dec 2025 | 0% | - | 14.54% | 37.85% | 100% |
| Sep 2025 | 0% | - | 15.9% | 39.23% | 100% |