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Central Depository Services (India) Limited (CDSL) Press Release Analysis

Corporate Events

Neutral

Central Depository Services (India) Limited - S...

2022-11-11 11:01:00

Central Depository Services (India) Limited - Special Call

Neutral

Central Depository Services (India) Limited - S...

2022-11-11 10:57:00

Central Depository Services (India) Limited - Special Call

Neutral

Central Depository Services (India) Limited - S...

2022-11-11 10:49:00

Central Depository Services (India) Limited - Special Call

Neutral

Central Depository Services (India) Limited - S...

2022-11-11 10:44:00

Central Depository Services (India) Limited - Special Call

Neutral

Central Depository Services (India) Limited, Q2...

2022-10-25 07:01:00

Central Depository Services (India) Limited, Q2 2023 Earnings Call, Oct 28, 2022

Negative

cCentral Depository Services (India) Limited An...

2022-10-15 10:17:00

Central Depository Services (India) Limited announced that the Securities and Exchange Board of India (SEBI) vide its letter no. SEBI/HO/MRD/R...

Neutral

Central Depository Services (India) Limited to ...

2022-10-11 09:14:00

Central Depository Services (India) Limited announced that they will report Q2, 2023 results at 12:08 PM, Indian Standard Time on Oct 22, 2022

Neutral

Central Depository Services (India) Limited, Bo...

2022-10-11 09:14:00

Central Depository Services (India) Limited, Board Meeting, Oct 22, 2022, at 12:30 Indian Standard Time. Agenda: To consider and approve the A...

Neutral

Rap Media Limited Announces Change in Registrar...

2022-09-12 12:43:00

Rap Media Limited informed that the Electronic Connectivity of Depositories i.e., National Securities Depository Ltd., (NSDL) and Central Depo...

Neutral

Vishvprabha Ventures Limited Appoints Central D...

2022-09-08 12:04:00

Vishvprabha Ventures Limited at its board meeting held on September 8, 2022 appointed Central Depository Services Limited for providing e-voti...

Neutral

Central Depository Services (India) Limited - S...

2022-09-02 12:33:00

Central Depository Services (India) Limited - Special Call

Neutral

Central Depository Services (India) Limited - S...

2022-08-22 12:27:00

Central Depository Services (India) Limited - Shareholder/Analyst Call

Neutral

Central Depository Services (India) Limited, An...

2022-08-18 12:35:00

Central Depository Services (India) Limited, Annual General Meeting, Sep 15, 2022, at 11:00 Indian Standard Time. Agenda: To consider the audi...

Neutral

Central Depository Services (India) Limited - S...

2022-08-18 12:35:00

AGM

Neutral

Central Depository Services (India) Limited - S...

2022-08-10 14:15:00

Central Depository Services (India) Limited - Shareholder/Analyst Call

Positive

India International Bullion Holding Ifsc Limite...

2022-08-09 00:00:00

India International Bullion Holding Ifsc Limited acquired CDSL IFSC Limited from Central Depository Services (India) Limited (NSEI:CDSL) on Au...

Neutral

Central Depository Services (India) Limited, Q1...

2022-07-28 08:32:00

Central Depository Services (India) Limited, Q1 2023 Earnings Call, Aug 01, 2022

Neutral

Central Depository Services (India) Limited to ...

2022-07-12 09:43:00

Central Depository Services (India) Limited announced that they will report Q1, 2023 results at 4:00 AM, Indian Standard Time on Jul 30, 2022

Neutral

Central Depository Services (India) Limited, Bo...

2022-07-12 09:43:00

Central Depository Services (India) Limited, Board Meeting, Jul 30, 2022. Agenda: To consider, approve and take on record the audited standalo...

Neutral

Central Depository Services (India) Limited - S...

2022-06-20 08:09:00

Central Depository Services (India) Limited - Shareholder/Analyst Call

Neutral

KIOCL Limited Engages Services of Central Depos...

2022-06-07 04:57:00

KIOCL Limited has engaged the services of Central Depository Services (India) Limited (CDSL) for providing remote e-voting facility to the Mem...

Neutral

Central Depository Services (India) Limited - S...

2022-06-01 00:00:00

Central Depository Services (India) Limited - Shareholder/Analyst Call

Neutral

Central Depository Services (India) Limited - S...

2022-05-23 11:40:00

Central Depository Services (India) Limited - Special Call

Positive

Central Depository Services (India) Limited App...

2022-05-02 05:30:00

Central Depository Services (India) Limited approved a final dividend of INR 15 per equity share for Fiscal Year '22, subject to the approval ...

Neutral

Central Depository Services (India) Limited, Q4...

2022-04-29 05:08:00

Central Depository Services (India) Limited, Q4 2022 Earnings Call, May 02, 2022

Positive

Central Depository Services (India) Limited, 15...

2022-04-29 00:00:00

Central Depository Services (India) Limited, 15.0 (INR), Cash Dividend, Sep-07-2022

Neutral

Incredible Industries Limited Appoints Central ...

2022-04-20 12:51:00

Incredible Industries Limited at its board meeting held on April 20, 2022, appointed Central Depository Services (India) Limited to provide e-...

Neutral

Central Depository Services (India) Limited to ...

2022-04-18 15:04:00

Central Depository Services (India) Limited announced that they will report Q4, 2022 results on Apr 29, 2022

Neutral

Central Depository Services (India) Limited, Bo...

2022-04-18 15:04:00

Central Depository Services (India) Limited, Board Meeting, Apr 29, 2022. Agenda: To consider, approve and take on record the Audited Standalo...

Neutral

Central Depository Services (India) Limited, Q3...

2022-02-04 06:40:00

Central Depository Services (India) Limited, Q3 2022 Earnings Call, Feb 09, 2022

Neutral

Central Depository Services (India) Limited, Bo...

2022-01-18 13:29:00

Central Depository Services (India) Limited, Board Meeting, Feb 05, 2022. Agenda: To consider and approve the Audited Standalone and Consolida...

Neutral

Central Depository Services (India) Limited to ...

2022-01-18 13:29:00

Central Depository Services (India) Limited announced that they will report Q3, 2022 results on Feb 09, 2022

Neutral

Central Depository Services (India) Limited - Special Call

2022-11-11 11:01:00

Central Depository Services (India) Limited - Special Call

Neutral

Central Depository Services (India) Limited - Special Call

2022-11-11 10:57:00

Central Depository Services (India) Limited - Special Call

Neutral

Central Depository Services (India) Limited - Special Call

2022-11-11 10:49:00

Central Depository Services (India) Limited - Special Call

Neutral

Central Depository Services (India) Limited - Special Call

2022-11-11 10:44:00

Central Depository Services (India) Limited - Special Call

Neutral

Central Depository Services (India) Limited, Q2 2023 Earnings Call, Oct 28, 2022

2022-10-25 07:01:00

Central Depository Services (India) Limited, Q2 2023 Earnings Call, Oct 28, 2022

Negative

cCentral Depository Services (India) Limited Announces Board Changes

2022-10-15 10:17:00

Central Depository Services (India) Limited announced that the Securities and Exchange Board of India (SEBI) vide its letter no. SEBI/HO/MRD/RAC2/P/OW/2022/52493/1 dated October 14, 2022 has accorded its approval of the appointment of Smt. Rajeshree Sabnavis as Public InterestDirector (PID) in place of Smt. Preeti Saran on the Governing Board of CDSL for a period of three years from November 29, 2022 to November 28, 2025, subject to completion of due process of her appointment and the necessary disclosures would be made from time to time. Accordingly, the term of Smt. Preeti Saran as PID on the Governing Board of CDSL would expire with effect from close of business hours on November 28, 2022.

Neutral

Central Depository Services (India) Limited to Report Q2, 2023 Results on Oct 22, 2022

2022-10-11 09:14:00

Central Depository Services (India) Limited announced that they will report Q2, 2023 results at 12:08 PM, Indian Standard Time on Oct 22, 2022

Neutral

Central Depository Services (India) Limited, Board Meeting, Oct 22, 2022

2022-10-11 09:14:00

Central Depository Services (India) Limited, Board Meeting, Oct 22, 2022, at 12:30 Indian Standard Time. Agenda: To consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2022 along with the Statutory Auditor's Report thereon.

Neutral

Rap Media Limited Announces Change in Registrar and Share Transfer Agent for Electronic Connectivity

2022-09-12 12:43:00

Rap Media Limited informed that the Electronic Connectivity of Depositories i.e., National Securities Depository Ltd., (NSDL) and Central Depository Services (India) Ltd, (CDSL) shifted from the existing Registrar and Share Transfer Agent, (RTA) viz., Link Intime India Private Limited to new RTA viz., Satellite Corporate Services Private Limited.

Neutral

Vishvprabha Ventures Limited Appoints Central Depository Services Limited for Providing E-Voting Facilities and Audio Video Means Facilities

2022-09-08 12:04:00

Vishvprabha Ventures Limited at its board meeting held on September 8, 2022 appointed Central Depository Services Limited for providing e-voting facilities and audio video means facilities for conducting 38th Annual General Meeting.

Neutral

Central Depository Services (India) Limited - Special Call

2022-09-02 12:33:00

Central Depository Services (India) Limited - Special Call

Neutral

Central Depository Services (India) Limited - Shareholder/Analyst Call

2022-08-22 12:27:00

Central Depository Services (India) Limited - Shareholder/Analyst Call

Neutral

Central Depository Services (India) Limited, Annual General Meeting, Sep 15, 2022

2022-08-18 12:35:00

Central Depository Services (India) Limited, Annual General Meeting, Sep 15, 2022, at 11:00 Indian Standard Time. Agenda: To consider the audited standalone financial statements of CDSL for the financial year ended March 31, 2022 and the Reports of the Board of Directors and the Statutory Auditors thereon; and the audited consolidated financial statements of CDSL for the financial year ended March 31, 2022 and the Report of the Statutory Auditors thereon; to declare final Dividend on Equity Shares of the Company for the financial year ended March 31, 2022; and to consider other matters.

Neutral

Central Depository Services (India) Limited - Shareholder/Analyst Call

2022-08-18 12:35:00

AGM

Neutral

Central Depository Services (India) Limited - Shareholder/Analyst Call

2022-08-10 14:15:00

Central Depository Services (India) Limited - Shareholder/Analyst Call

Positive

India International Bullion Holding Ifsc Limited acquired CDSL IFSC Limited from Central Depository Services (India) Limited (NSEI:CDSL).

2022-08-09 00:00:00

India International Bullion Holding Ifsc Limited acquired CDSL IFSC Limited from Central Depository Services (India) Limited (NSEI:CDSL) on August 9, 2022. Economic Laws Practice acted as legal advisor to India International Bullion Holding Ifsc Limited. India International Bullion Holding Ifsc Limited completed the acquisition of CDSL IFSC Limited from Central Depository Services (India) Limited (NSEI:CDSL) on August 9, 2022.

Neutral

Central Depository Services (India) Limited, Q1 2023 Earnings Call, Aug 01, 2022

2022-07-28 08:32:00

Central Depository Services (India) Limited, Q1 2023 Earnings Call, Aug 01, 2022

Neutral

Central Depository Services (India) Limited to Report Q1, 2023 Results on Jul 30, 2022

2022-07-12 09:43:00

Central Depository Services (India) Limited announced that they will report Q1, 2023 results at 4:00 AM, Indian Standard Time on Jul 30, 2022

Neutral

Central Depository Services (India) Limited, Board Meeting, Jul 30, 2022

2022-07-12 09:43:00

Central Depository Services (India) Limited, Board Meeting, Jul 30, 2022. Agenda: To consider, approve and take on record the audited standalone and consolidated financial results of the company for the quarter ended June 30, 2022 along with the statutory auditor's report thereon.

Neutral

Central Depository Services (India) Limited - Shareholder/Analyst Call

2022-06-20 08:09:00

Central Depository Services (India) Limited - Shareholder/Analyst Call

Neutral

KIOCL Limited Engages Services of Central Depository Services (India) Limited (CDSL)

2022-06-07 04:57:00

KIOCL Limited has engaged the services of Central Depository Services (India) Limited (CDSL) for providing remote e-voting facility to the Members for upcoming Postal Ballot Process.

Neutral

Central Depository Services (India) Limited - Shareholder/Analyst Call

2022-06-01 00:00:00

Central Depository Services (India) Limited - Shareholder/Analyst Call

Neutral

Central Depository Services (India) Limited - Special Call

2022-05-23 11:40:00

Central Depository Services (India) Limited - Special Call

Positive

Central Depository Services (India) Limited Approves Final Dividend for Financial Year 2022

2022-05-02 05:30:00

Central Depository Services (India) Limited approved a final dividend of INR 15 per equity share for Fiscal Year '22, subject to the approval of the shareholders.

Neutral

Central Depository Services (India) Limited, Q4 2022 Earnings Call, May 02, 2022

2022-04-29 05:08:00

Central Depository Services (India) Limited, Q4 2022 Earnings Call, May 02, 2022

Positive

Central Depository Services (India) Limited, 15.0 (INR), Cash Dividend, Sep-07-2022

2022-04-29 00:00:00

Central Depository Services (India) Limited, 15.0 (INR), Cash Dividend, Sep-07-2022

Neutral

Incredible Industries Limited Appoints Central Depository Services (India) Limited to Provide E-Voting Facilities for Postal Ballot

2022-04-20 12:51:00

Incredible Industries Limited at its board meeting held on April 20, 2022, appointed Central Depository Services (India) Limited to provide e-voting facilities for the Postal Ballot.

Neutral

Central Depository Services (India) Limited to Report Q4, 2022 Results on Apr 29, 2022

2022-04-18 15:04:00

Central Depository Services (India) Limited announced that they will report Q4, 2022 results on Apr 29, 2022

Neutral

Central Depository Services (India) Limited, Board Meeting, Apr 29, 2022

2022-04-18 15:04:00

Central Depository Services (India) Limited, Board Meeting, Apr 29, 2022. Agenda: To consider, approve and take on record the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2022 along with the Statutory Auditor's Report thereon.

Neutral

Central Depository Services (India) Limited, Q3 2022 Earnings Call, Feb 09, 2022

2022-02-04 06:40:00

Central Depository Services (India) Limited, Q3 2022 Earnings Call, Feb 09, 2022

Neutral

Central Depository Services (India) Limited, Board Meeting, Feb 05, 2022

2022-01-18 13:29:00

Central Depository Services (India) Limited, Board Meeting, Feb 05, 2022. Agenda: To consider and approve the Audited Standalone and Consolidated Financial results for the third quarter ended December 31, 2021 along with the Statutory Auditor's Report thereon.

Neutral

Central Depository Services (India) Limited to Report Q3, 2022 Results on Feb 09, 2022

2022-01-18 13:29:00

Central Depository Services (India) Limited announced that they will report Q3, 2022 results on Feb 09, 2022

Fundamental Summary

Central Depository released impressive Q1 results on 2022-04-29. Specifically, their growth and value factors indicate a well-planned and balanced effort, which is generating exciting growth. There should be significant upside potential for the stock looking forward. We gave Central Depository a 83 rating and a BUY recommendation.

Central Depository reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 1,489.48 million compared to INR 1,459.73 million a year ago. Revenue was INR 1,699.38 million compared to INR 1,651.51 million a year ago. Net income was INR 804.1 million compared to INR 859.25 million a year ago. Basic earnings per share from continuing operations was INR 7.69 compared to INR 8.22 a year ago. Diluted earnings per share from continuing operations was INR 7.69 compared to INR 8.22 a year ago.For the six months, sales was INR 2,891.31 million compared to INR 2,632.54 million a year ago. Revenue was INR 3,162.42 million compared to INR 2,949.41 million a year ago. Net income was INR 1,381.94 million compared to INR 1,497.95 million a year ago. Basic earnings per share from continuing operations was INR 13.22 compared to INR 14.33 a year ago. Diluted earnings per share from continuing operations was INR 13.22 compared to INR 14.33 a year ago.

Sector Overview

Central Depository is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Central Depository's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Price to Book 14.2 -15.9% 78
Equity 10.9B 17.4% 73
EBITDA 4.2B 6.9% 86
Parameter Value Change Score
Total Revenues 6.1B 7.0% 47
Return on Equity 30.3 -5.0% 79
* All values are TTM

The below chart reflects Central Depository's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Central Depository's peer average final assessment score stands on 72, Central Depository's score is 83.

  •  CDSL
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 79 66 71
Hold
77
77 0 1
CRISIL Limited 213.7B 76 82 72
Buy
81
81 1 1
ICICI Securities Limited 170.3B 90 59 49
Hold
76
76 2 1
Nippon Life India Asset Management Limited 169.0B 77 68 76
Hold
77
77 3 1
IIFL Wealth Management Limited 162.6B 59 89 50
Hold
69
69 4 1
Aditya Birla Sun Life AMC Limited 125.0B 86 60 73
Buy
79
79 5 1
Motilal Oswal Financial Services Limited 98.0B 86 75 81
Strong Buy
89
89 6 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 7 1
BSE Limited 78.2B 79 71 83
Buy
83
83 8 1
Edelweiss Financial Services Limited 60.0B 81 65 86
Hold
76
76 9 1
Prudent Corporate Advisory Services Limited 36.8B 89 69 52
Buy
79
79 10 1
IIFL Securities Limited 21.1B 84 70 74
Buy
83
83 11 1
CARE Ratings Limited 16.3B 71 67 76
Hold
71
71 12 1
Angel One Limited 133.3B 88 69 76
Buy
84
84 13 1
Indian Energy Exchange Limited 132.4B 94 77 80
Strong Buy
99
99 14 1
IDFC Limited 131.1B 74 48 68
Hold
63
63 15 1
Tata Investment Corporation Limited 118.8B 90 61 86
Buy
84
84 16 1
UTI Asset Management Company Limited 99.2B 67 60 71
Hold
67
67 17 1
JM Financial Limited 71.1B 77 69 78
Buy
79
79 18 1
JSW Holdings Limited 47.4B 87 64 61
Buy
79
79 19 1
Bengal & Assam Company Limited 42.6B 81 69 80
Buy
80
80 20 1
ICRA Limited 42.4B 73 51 66
Hold
64
64 21 1
Authum Investment & Infrastructure Limited 40.9B 57 72 66
Hold
63
63 22 1
Share India Securities Limited 38.9B 82 76 66
Buy
81
81 23 1
Dhani Services Limited 29.2B 65 62 74
Hold
64
64 24 1
Choice International Limited 26.6B 66 74 66
Hold
70
70 25 1

Macro Environment

Neutral
69

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Central Depository Services (India) Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect Central Depository Services (India) Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Central Depository Services (India) Limited macro environment with the score of 69.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Central Depository's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Central Depository's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 1238.0
52W Low 1051.8
52W High 1666.6
5D MA 1226.26
50D MA 1238.08
200D MA 1261.15
MACD -1.88
RSI 7.12
STOCH 57.95

Balance Sheet Analysis

All in all, looking at the balance sheet, Central Depository's financial health appears good. Central Depository's balance sheet neither stood out as being particularly strong or weak relative to its peers. Central Depository did a great job related to cash and cash equivalents this period, which stood at 2.1B, representing a nan% change from the previous filing. This performance is significantly more impressive than its peers and competitors. It suggests that their stock price has room to grow to reflect its actual intrinsic value. The company's cash and cash equivalents movement, therefore, received a grade of 83. Also, Central Depository has done an excellent job managing its liabilities. Central Depository's liabilities stood at 1.9B in the current filing, which represents a nan% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. The company's liabilities movement component, therefore, received a grade of 78. However, one concerning metric, Assets, stood out. Central Depository's management did not succeed in significantly improving the value of the assets on their balance sheet, which now sits at 13.3B and represents a nan% change from the previous report. This unimpressive metric is weaker than its peers and competitors. Therefore, their asset component earned a score of 52. Therefore, their balance sheet earned a grade of 79.

Parameter Value Change Score
Price to Book 14.2 -15.9% 78
Equity 10.9B 17.4% 73
* All values are TTM

The below chart describes Central Depository's performance as reflected on its balance sheet with respect to its peers. While Central Depository received a balance sheet score of 79, the average of its peers stands on 72.

  •  CDSL
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 75.0 53.0 51.0 74.0 83.0 79 0 1
CRISIL Limited 213.7B 65.0 55.0 49.0 71.0 86.0 76 1 1
ICICI Securities Limited 170.3B 93.0 43.0 49.0 95.0 88.0 90 2 1
Nippon Life India Asset Management Limited 169.0B 74.0 56.0 47.0 86.0 79.0 77 3 1
IIFL Wealth Management Limited 162.6B 45.0 88.0 63.0 41.0 68.0 59 4 1
Aditya Birla Sun Life AMC Limited 125.0B 43.0 51.0 94.0 91.0 91.0 86 5 1
Motilal Oswal Financial Services Limited 98.0B 85.0 53.0 48.0 80.0 88.0 86 6 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 7 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 8 1
Edelweiss Financial Services Limited 60.0B 49.0 59.0 73.0 59.0 79.0 81 9 1
Prudent Corporate Advisory Services Limited 36.8B 86.0 52.0 82.0 75.0 88.0 89 10 1
IIFL Securities Limited 21.1B 91.0 41.0 48.0 89.0 83.0 84 11 1
CARE Ratings Limited 16.3B 44.0 58.0 50.0 63.0 84.0 71 12 1
Angel One Limited 133.3B 93.0 48.0 39.0 69.0 96.0 88 13 1
Indian Energy Exchange Limited 132.4B 95.0 40.0 88.0 81.0 89.0 94 14 1
IDFC Limited 131.1B 82.0 62.0 64.0 65.0 69.0 74 15 1
Tata Investment Corporation Limited 118.8B 93.0 44.0 66.0 79.0 88.0 90 16 1
UTI Asset Management Company Limited 99.2B 39.0 86.0 78.0 50.0 73.0 67 17 1
JM Financial Limited 71.1B 76.0 58.0 52.0 79.0 79.0 77 18 1
JSW Holdings Limited 47.4B 95.0 44.0 65.0 48.0 90.0 87 19 1
Bengal & Assam Company Limited 42.6B 55.0 56.0 68.0 53.0 90.0 81 20 1
ICRA Limited 42.4B 62.0 69.0 81.0 67.0 68.0 73 21 1
Authum Investment & Infrastructure Limited 40.9B 57.0 78.0 64.0 61.0 57.0 57 22 1
Share India Securities Limited 38.9B 52.0 46.0 83.0 89.0 90.0 82 23 1
Dhani Services Limited 29.2B 67.0 65.0 76.0 66.0 60.0 65 24 1
Choice International Limited 26.6B 58.0 74.0 71.0 68.0 65.0 66 25 1

Income Statement Analysis

Overall, Central Depository's critical income statement metrics appear to strongly support positive growth going forward. Central Depository's management was effective in improving its EBIDTA, which now sits at 4.2B and represents a 6.9% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 14.5%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. The company's EBITDA movement, therefore, received a grade of 86. On the other hand, Revenue Efficiency, jumped out as looking rather underwhelming. Central Depository's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 5.6 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Its revenue efficiency, therefore, received a grade of 47. Therefore, it received a score of 81.

Parameter Value Change Score
EBITDA 4.2B 6.9% 86
Total Revenues 6.1B 7.0% 47
Return on Equity 30.3 -5.0% 79
* All values are TTM

The below chart describes Central Depository's performance as reflected on its income statement with respect to its peers. While Central Depository received a income statement score of 81 , the average of its peers stands on 71.

  •  CDSL
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 57.0 75.0 57.0 66 0 1
CRISIL Limited 213.7B 58.0 86.0 77.0 82 1 1
ICICI Securities Limited 170.3B 50.0 63.0 56.0 59 2 1
Nippon Life India Asset Management Limited 169.0B 59.0 75.0 59.0 68 3 1
IIFL Wealth Management Limited 162.6B 68.0 87.0 83.0 89 4 1
Aditya Birla Sun Life AMC Limited 125.0B 81.0 52.0 57.0 60 5 1
Motilal Oswal Financial Services Limited 98.0B 43.0 68.0 93.0 75 6 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 7 1
BSE Limited 78.2B 59.0 69.0 78.0 71 8 1
Edelweiss Financial Services Limited 60.0B 83.0 70.0 62.0 65 9 1
Prudent Corporate Advisory Services Limited 36.8B 48.0 68.0 70.0 69 10 1
IIFL Securities Limited 21.1B 41.0 67.0 81.0 70 11 1
CARE Ratings Limited 16.3B 61.0 71.0 62.0 67 12 1
Angel One Limited 133.3B 46.0 73.0 70.0 69 13 1
Indian Energy Exchange Limited 132.4B 50.0 87.0 66.0 77 14 1
IDFC Limited 131.1B 49.0 68.0 47.0 48 15 1
Tata Investment Corporation Limited 118.8B 41.0 69.0 58.0 61 16 1
UTI Asset Management Company Limited 99.2B 81.0 50.0 58.0 60 17 1
JM Financial Limited 71.1B 48.0 68.0 77.0 69 18 1
JSW Holdings Limited 47.4B 47.0 75.0 53.0 64 19 1
Bengal & Assam Company Limited 42.6B 69.0 61.0 78.0 69 20 1
ICRA Limited 42.4B 87.0 57.0 50.0 51 21 1
Authum Investment & Infrastructure Limited 40.9B 81.0 77.0 66.0 72 22 1
Share India Securities Limited 38.9B 45.0 68.0 83.0 76 23 1
Dhani Services Limited 29.2B 58.0 61.0 63.0 62 24 1
Choice International Limited 26.6B 73.0 68.0 70.0 74 25 1

Cash Flow Analysis

Central Depository's recently published cash flow conveys disappointing growth, particularly with respect to Capital Expenditure and Asset Turnover. metrics. Central Depository's management did not a remarkable job this period managing capital expenditures (CapEx). In terms of the raw numbers, CapEx was reported as -136.3M, which represents a nan% change from the last period. This performance is all the more uninspiring relative to their peers and competitors. Consequently, their CapEx movement received a grade of 43. Also, Central Depository's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. Central Depository recorded asset turnover of 0.5, which represents a nan% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.4%. The company's asset turnover metrics seem especially problematic relative to their peers. Therefore, their asset turnover movement earned a score of 45. At the same time, one {cash_flow} metric, Net Cash Flow, was actually strongly positive. Central Depository presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 437.0M, which is a change of nan% from the last filing. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. The company's net cash flow, therefore, received a grade of 72. Because of these weaknesses, the company's cash flow received an overall score of 55.

Parameter Value Change Score
* All values are TTM

The below chart describes Central Depository's performance as reflected on its cash flow with respect to its peers. While Central Depository received a cash flow score of 55, the average of its peers stands on 62.

  •  CDSL
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 74.0 61.0 81.0 49.0 71 0 1
CRISIL Limited 213.7B 61.0 78.0 92.0 55.0 72 1 1
ICICI Securities Limited 170.3B 52.0 84.0 48.0 46.0 49 2 1
Nippon Life India Asset Management Limited 169.0B 78.0 59.0 89.0 50.0 76 3 1
IIFL Wealth Management Limited 162.6B 64.0 67.0 43.0 47.0 50 4 1
Aditya Birla Sun Life AMC Limited 125.0B 73.0 83.0 53.0 89.0 73 5 1
Motilal Oswal Financial Services Limited 98.0B 68.0 63.0 81.0 93.0 81 6 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 7 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 8 1
Edelweiss Financial Services Limited 60.0B 81.0 53.0 71.0 87.0 86 9 1
Prudent Corporate Advisory Services Limited 36.8B 49.0 85.0 58.0 60.0 52 10 1
IIFL Securities Limited 21.1B 82.0 38.0 92.0 52.0 74 11 1
CARE Ratings Limited 16.3B 68.0 66.0 82.0 87.0 76 12 1
Angel One Limited 133.3B 62.0 74.0 72.0 88.0 76 13 1
Indian Energy Exchange Limited 132.4B 75.0 46.0 93.0 88.0 80 14 1
IDFC Limited 131.1B 59.0 76.0 82.0 43.0 68 15 1
Tata Investment Corporation Limited 118.8B 78.0 58.0 84.0 88.0 86 16 1
UTI Asset Management Company Limited 99.2B 87.0 52.0 49.0 80.0 71 17 1
JM Financial Limited 71.1B 69.0 68.0 69.0 88.0 78 18 1
JSW Holdings Limited 47.4B 72.0 62.0 59.0 46.0 61 19 1
Bengal & Assam Company Limited 42.6B 61.0 77.0 59.0 85.0 80 20 1
ICRA Limited 42.4B 65.0 71.0 64.0 49.0 66 21 1
Authum Investment & Infrastructure Limited 40.9B 63.0 71.0 69.0 65.0 66 22 1
Share India Securities Limited 38.9B 61.0 91.0 71.0 59.0 66 23 1
Dhani Services Limited 29.2B 65.0 72.0 72.0 70.0 74 24 1
Choice International Limited 26.6B 69.0 67.0 71.0 64.0 66 25 1

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