What the business is, and whether it's a good one at a fair price.
Operates India's securities depository, holding investors' demat accounts and the underlying custody records for equity, debt and other securities. The Depository segment earns fees from opening and maintaining demat accounts, transaction charges on settlements, custody charges, and issuer services for companies whose securities are held in electronic form. As of FY26, the platform carried 4.44 crore demat accounts served through 311 Depository Participants and 56,800+ service centres spread across 2,000+ cities, holding 86% of total custody value and ~80% equity market share. The Database Management services segment sells software, data and technology services including KYC records used by the securities market. The Banking services segment captures NSDL Payments Bank, which took deposits of ₹521 crore from 43.5 lakh customers at FY26 end, processes UPI acquiring transactions, and ranks 7th among payee PSPs. Costs are dominated by other operating expenses (59.8% of revenue) and employees (11.8%); technology was a peak spend area in FY26 with ₹106 crore of capex capitalised. Listed on BSE in August 2025 via an OFS that raised ₹4,010.95 crore; subsidiaries include NDML (insurance repository, KRA, RTA) and NSDL Payments Bank.
Measured from the filed financials, judged against its Capital Markets peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from National Securities Depository's filed financials and exchange disclosures
National Securities Depository is a Capital Markets company listed on BSE.
Yes. Over the trailing twelve months National Securities Depository reported a net profit of ₹389 Cr on revenue of ₹1,735 Cr.
Yes. The dividend yield is 0.25% at the current price. It paid out 11% of its profit as dividend in FY26.
Effectively yes. It holds ₹222 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, National Securities Depository ranks 51 of 62 in Capital Markets — cheaper than 18% of them, against an industry median of 20.3×. This is a position, not a valuation judgement.
On a typical session National Securities Depository moves 0.77% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by National Securities Depository appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
