CDSL
Central Depository Services (India) Limited
Each stock's 10,000-path forecast, rendered as light.
Central Depository Services (India) Limited (CDSL) Stock Analysis & Case Study
Is CDSL a good buy? The data-driven verdict.
Central Depository Services (India) Limited (CDSL) trades at ₹1,328,on the numbers it mixed signals, a Downstox Snapshot Score of 52/100.
On the numbers, Central Depository Services (India) Limited (CDSL) mixed signals, a Downstox Snapshot Score of 52/100, weighing expensive at 58.9× earnings, ROE of 24.5%, a 55% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
CDSL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How CDSL ranks against the 2,373 companies in our screener
- CDSL's market cap of 27,755 Cr ranks in the 87th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- CDSL's book value of ₹94 ranks in the 50th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- CDSL's promoter holding of 15.0% ranks in the bottom 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- CDSL's 3-year profit (PAT) growth of 18.0% ranks in the 54th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- CDSL's 3-year revenue growth of 27.0% ranks in the 82nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
We do not hold a debt-to-equity ratio figure for CDSL, as of 9 Aug 2026, so it is not ranked here.
Is CDSL overvalued? CDSL P/E vs peers
CDSL trades at 58.9× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
CDSL share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 8.9y of CDSL history (18%/yr drift, 38%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| CDSL 2027 | ₹862 | ₹1,409 | ₹2,302 | +6% |
| CDSL 2028 | ₹751 | ₹1,495 | ₹2,973 | +13% |
| CDSL 2029 | ₹680 | ₹1,586 | ₹3,700 | +19% |
| CDSL 2030 | ₹629 | ₹1,682 | ₹4,499 | +27% |
| CDSL 2031 | ₹614 | ₹1,785 | ₹5,186 | +34% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability CDSL goes up, or doubles?
The bull case for CDSL
- CDSL's return on equity of 24.5% ranks in the 89th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- CDSL's return on capital employed of 32.0% ranks in the 94th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹3,700.
The bear case & risks
- CDSL's P/E of 58.9x is lower than 22% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A steep 14.2× price-to-book means most of the value is intangible/expectations, not assets on the books.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹680.
CDSL volatility & expected range, how bumpy is the ride?
Over the last 8.9 years CDSL compounded at 18%/year with annualized volatility of 38%. That volatility implies a 1-year 80% range of ₹862-₹2,302, the honest backbone behind any single price target.
CDSL price forecast, the full 60-month probability fan
CDSL price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds CDSL hits common targets within the simulated horizon?
Full multi-horizon detail on the CDSL price target & forecast page.
CDSL Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. CDSL scores 6/8, mixed financial health.
CDSL MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy CDSL with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 28.15% | 3.6× |
| Zerodha | 27.00% | 3.7× |
| Groww | 27.05% | 3.7× |
| DhanCHEAPEST | 24.61% | 4.1× |
| Kotak Neo | 25.00% | 4.0× |
| Paytm Money | 24.95% | 4.0× |
| Pocketful | 32.06% | 3.1× |
| Anand Rathi | 31.61% | 3.2× |
| Bajaj Broking | 29.00% | 3.4× |
| Share India | 31.74% | 3.2× |
Compare every broker on the CDSL MTF page.
About Central Depository Services (India) Limited: sector, index & market-cap context
Central Depository Services (India) Limited (CDSL) is a mid-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹27,755 Cr. See more stocks on our screener.
How the CDSL Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Central Depository Services (India) Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
CDSL analysis, FAQs
Is Central Depository Services (India) Limited (CDSL) a good buy?
On the numbers, Central Depository Services (India) Limited (CDSL) mixed signals, a Downstox Snapshot Score of 52/100, weighing expensive at 58.9× earnings, ROE of 24.5%, a 55% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is CDSL overvalued or undervalued?
CDSL trades at 58.9× earnings, expensive versus the ~22× long-run Nifty average.
What is the CDSL share price target for 2031?
CDSL's probability-weighted 2031 median target is ₹1,785, with an 80% range of ₹614-₹5,186 (10,000-path Monte-Carlo).
What is the probability CDSL doubles in 5 years?
The modelled probability of CDSL reaching ₹2,656 (2×) within 5 years is 33%.
What is the bull case for CDSL?
CDSL's return on equity of 24.5% ranks in the 89th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. CDSL's return on capital employed of 32.0% ranks in the 94th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in CDSL?
CDSL's P/E of 58.9x is lower than 22% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A steep 14.2× price-to-book means most of the value is intangible/expectations, not assets on the books.