NSDL
National Securities Depository Ltd
National Securities Depository Ltd (NSDL) Stock Analysis & Case Study
Is NSDL a good buy? The data-driven verdict.
National Securities Depository Ltd (NSDL) trades at ₹822,on the numbers it mixed signals, a Downstox Snapshot Score of 45/100.
On the numbers, National Securities Depository Ltd (NSDL) mixed signals, a Downstox Snapshot Score of 45/100, weighing expensive at 42.4× earnings, ROE of 17.4%. 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.
NSDL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How NSDL ranks against the 2,373 companies in our screener
- NSDL's market cap of 16,424 Cr ranks in the 82nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- NSDL's book value of ₹106 ranks in the 54th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- NSDL's 3-year profit (PAT) growth of 20.0% ranks in the 57th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- NSDL's 3-year revenue growth of 20.0% ranks in the 73rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
We do not hold promoter holding or debt-to-equity ratio figures for NSDL, as of 9 Aug 2026, so those are not ranked here.
Is NSDL overvalued? NSDL P/E vs peers
NSDL trades at 42.4× 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.
The bull case for NSDL
- NSDL's return on equity of 18.3% ranks in the 80th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- NSDL's return on capital employed of 24.3% ranks in the 87th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
The bear case & risks
- NSDL's P/E of 44.7x is lower than 30% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
NSDL 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. NSDL scores 6/8, mixed financial health.
NSDL MTF margin & leverage across 1 brokers
Margin Trading Facility lets you buy NSDL with part of the capital. Lower margin % = higher leverage. Rates compared across 1 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Kotak NeoCHEAPEST | 30.03% | 3.3× |
Compare every broker on the NSDL MTF page.
About National Securities Depository Ltd: sector, index & market-cap context
National Securities Depository Ltd (NSDL) is a small-cap NSE-listed company, with a market capitalisation of ₹16,444 Cr. See more stocks on our screener.
How the NSDL Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of National Securities Depository Ltd'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.
NSDL analysis, FAQs
Is National Securities Depository Ltd (NSDL) a good buy?
On the numbers, National Securities Depository Ltd (NSDL) mixed signals, a Downstox Snapshot Score of 45/100, weighing expensive at 42.4× earnings, ROE of 17.4%. This is a data snapshot for research, not investment advice.
Is NSDL overvalued or undervalued?
NSDL trades at 42.4× earnings, expensive versus the ~22× long-run Nifty average.
What is the bull case for NSDL?
NSDL's return on equity of 18.3% ranks in the 80th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. NSDL's return on capital employed of 24.3% ranks in the 87th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in NSDL?
NSDL's P/E of 44.7x is lower than 30% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.