CDSL Share Price Target 2025, 2026, 2027 to 2030: We’ll analyze CDSL’s share targets for 2025, 2026, 2027, and 2030. As a leading depository in India, Central Depository Services Limited (CDSL) plays a vital role in the country’s financial ecosystem by offering securities depository and transaction services. With the growing adoption of digital financial solutions, a surge in the number of demat accounts, and CDSL’s innovative technological platforms, the company is well-poised for sustainable growth.
Overview of Central Depository Services Ltd (CDSL)
What is CDSL?
Central Depository Services Ltd. (CDSL) is a premier Indian central securities depository, established in 1999 and headquartered in Mumbai. It is the largest depository in India by the number of demat accounts, playing a crucial role in the country’s financial infrastructure. CDSL facilitates the holding and trading of securities in electronic form, ensuring efficient and secure transactions. In February 2024, it achieved a significant milestone as the first depository in India to surpass 60 million active demat accounts. With its focus on technology and operational excellence, CDSL has become a cornerstone of India’s growing capital markets.
Key Features of CDSL:
Business Model: A leading Indian depository focused on providing secure, efficient, and technology-driven solutions for securities depository services.
Core Offerings: Dematerialization of securities, account maintenance, trade settlement, and transaction services.
Market Position: The largest depository in India by the number of demat accounts, reflecting its dominance in the Indian financial ecosystem.
Milestone: Surpassed 60 million active demat accounts in February 2024, a first for any Indian depository.
Subsidiaries: CDSL Ventures Limited, supporting its diversified operations and market reach.
As of November 2024, CDSL’s share has shown a mixed performance. It is up by +2.1% today but has decreased by -3.26% over the past week. Over the past month, the share has fallen by -4.79%. In the past three months, it has increased by +7.86%. Over the past year, the share has risen by +69.02%. Over the past three years, the share has surged by +100.16%, and over the past five years, it has grown significantly by +1228.27%.
The share price target for CDSL in 2024 is expected to be ₹1,690, with a minimum target of ₹1,590, driven by its leadership in the Indian securities depository market and strong growth in demat accounts.
Year
Minimum Target
Maximum Target
2024
₹1,590
₹1,690
CDSL Share Price Target in 2025
In 2025, the share price target for CDSL is projected to rise to ₹2,030, with a minimum target of ₹1,930, supported by expanding financial services, increasing demand for digital and online platforms, and the company’s leadership in the depository market.
Year
Minimum Target
Maximum Target
2025
₹1,930
₹2,030
CDSL Share Price Target in 2026
For 2026, the share price target for CDSL is expected to reach ₹2,450, with a minimum target of ₹2,350, as the company continues to benefit from India’s growing capital markets and the rising adoption of demat accounts.
Year
Minimum Target
Maximum Target
2026
₹2,350
₹2,450
CDSL Share Price Target in 2027
By 2027, the share price target for CDSL is projected to range between ₹2,560 and ₹2,670, driven by the company’s expanding services and increasing market share in the depository and securities sectors.
Year
Minimum Target
Maximum Target
2027
₹2,560
₹2,670
CDSL Share Price Target in 2028
In 2028, CDSL’s share price target is expected to reach ₹3,550, with a minimum target of ₹3,450, reflecting its strong growth in the securities and financial markets, as well as its expanding role in supporting India’s digital financial ecosystem.
Year
Minimum Target
Maximum Target
2028
₹3,450
₹3,550
CDSL Share Price Target in 2029
CDSL’s share price target for 2029 is estimated to range between ₹4,220 and ₹4,320, backed by its increasing presence in the Indian capital markets and growing number of retail investors.
Year
Minimum Target
Maximum Target
2029
₹4,220
₹4,320
CDSL Share Price Target in 2030
For 2030, the share price target for CDSL is projected at ₹4,980, with a minimum target of ₹4,880, reflecting its long-term growth potential in the Indian financial markets and its key role in supporting India’s increasingly digital financial infrastructure.
Year
Minimum Target
Maximum Target
2030
₹4,880
₹4,980
Financial Health and Performance Analysis of CDSL (FY 2020 – FY 2024)
FY 2024
Metric
FY 2024
Y/Y Growth
Total Revenue
₹907.30 Cr
+46.12%
Total Expenses
₹350.21 Cr
+39.33%
Profit after Tax (PAT)
₹419.11 Cr
+51.88%
Operating Profit Margin
68.59%
–
Net Profit Margin
51.59%
–
Basic EPS (₹)
₹40.11
+51.88%
FY 2023
Metric
FY 2023
Y/Y Growth
Total Revenue
₹620.94 Cr
+2.48%
Total Expenses
₹251.36 Cr
+28.28%
Profit after Tax (PAT)
₹275.94 Cr
-11.33%
Operating Profit Margin
66.60%
–
Net Profit Margin
49.71%
–
Basic EPS (₹)
₹26.41
-10.75%
FY 2022
Metric
FY 2022
Y/Y Growth
Total Revenue
₹605.90 Cr
+51.24%
Total Expenses
₹195.94 Cr
+38.86%
Profit after Tax (PAT)
₹311.18 Cr
+55.33%
Operating Profit Margin
74.35%
–
Net Profit Margin
56.44%
–
Basic EPS (₹)
₹29.78
+7.00%
FY 2021
Metric
FY 2021
Y/Y Growth
Total Revenue
₹400.63 Cr
+40.94%
Total Expenses
₹141.11 Cr
-4.53%
Profit after Tax (PAT)
₹200.34 Cr
+88.72%
Operating Profit Margin
75.51%
–
Net Profit Margin
58.28%
–
Basic EPS (₹)
₹19.17
+51.79%
FY 2020
Metric
FY 2020
Y/Y Growth
Total Revenue
₹284.25 Cr
+15.81%
Total Expenses
₹147.80 Cr
+52.00%
Profit after Tax (PAT)
₹106.16 Cr
-6.48%
Operating Profit Margin
60.62%
–
Net Profit Margin
47.15%
–
Basic EPS (₹)
₹10.16
–
Analysis Summary:
Revenue Performance: In FY 2024, CDSL’s total revenue grew by 46.12%, recovering strongly from FY 2023, which showed a modest 2.48% growth. This sharp rise reflects the company’s expanding market share and strong performance in the financial services sector.
Expense Management: CDSL’s total expenses increased by 39.33% in FY 2024. While expenses grew, they were in line with the company’s higher revenue and expanded operations. The increase is more controlled compared to the previous year’s significant 28.28% rise.
Profitability: The company reported a 51.88% increase in Profit after Tax (PAT) in FY 2024, highlighting strong profitability. This contrasts with FY 2023, where PAT saw a decrease of 11.33%. The rise in PAT indicates efficient cost control and higher earnings.
Margins: CDSL maintained a high operating profit margin of 68.59% in FY 2024, showing robust operational efficiency. The net profit margin of 51.59% also indicates strong profitability relative to revenue.
Earnings Per Share (EPS): The basic EPS for FY 2024 was ₹40.11, reflecting a 51.88% increase from the previous year. This growth indicates strong performance and effective capital management.
How to Buy CDSL Shares:
Choose a Broker: Select a reliable brokerage platform that offers CDSL shares.
Open a Trading Account: Open a trading and Demat account with the chosen broker.
Complete KYC: Submit the necessary identity verification documents.
Deposit Funds: Fund your account with the amount you want to invest.
Search for CDSL Shares: Look for CDSL shares on the broker’s platform.
Place an Order: Select the number of shares you wish to buy and choose the order type (market or limit).
Confirm Purchase: Review and confirm your order details before finalizing the purchase.
Monitor Investment: Track your investment and adjust your portfolio as necessary.
CDSL Share Price Target for the Next 5 Years
CDSL is expected to experience steady growth over the next five years, supported by its strong position in the Indian securities depository market and increasing demand for demat accounts and digital financial services. The share price target for CDSL is projected to rise as the company continues to expand its services and capitalizes on India’s growing capital markets.
Year
Minimum Target (₹)
Maximum Target (₹)
2024
₹1,590
₹1,690
2025
₹1,930
₹2,030
2026
₹2,350
₹2,450
2027
₹2,560
₹2,670
2028
₹3,450
₹3,550
Shareholding Pattern of CDSL
Promoters:
No. of Shares: 3,13,50,000
Percentage: 15.00%
% Change QoQ: 0.00%
Pledge:
No. of Shares: 0
Percentage: 0.00%
% Change QoQ: 0.00%
FII:
No. of Shares: 2,87,86,821
Percentage: 13.77%
% Change QoQ: -0.23%
DII:
No. of Shares: 4,49,53,388
Percentage: 21.50%
% Change QoQ: -3.41%
MF:
No. of Shares: 2,79,18,278
Percentage: 13.36%
% Change QoQ: -2.52%
Others:
No. of Shares: 10,39,09,791
Percentage: 49.73%
% Change QoQ: +3.65%
Pros and Cons of CDSL
Pros:
Strong Institutional Support: A significant portion of shares is held by DIIs, providing stability and confidence in the company’s long-term prospects.
High Public Float: Nearly 50% of shares are held by “Others,” ensuring sufficient liquidity and broad investor participation.
Market Leadership: CDSL’s position in the Indian securities depository market gives it an edge in an expanding financial sector.
Cons:
Low Promoter Stake: With only 15% of shares held by promoters, CDSL may face challenges in securing long-term strategic direction.
Declining FII and MF Holdings: The decrease in FII and MF stakes could reduce the company’s global investment appeal.
Dependence on Market Trends: The company’s performance is closely tied to the dynamics of the capital markets, which may face fluctuations.
Peer Competitors of CDSL in the Financial Services Industry
Name
Share Price (₹)
Market Cap (₹ Cr)
BSE
4,686.25
63,440.76
CDSL
1,498.00
31,308.22
Multi Comm. Exc.
5,938.60
30,286.94
Cams Services
4,513.95
22,246.09
KFin Technologies
986.90
16,922.03
Indian Energy Exch.
162.10
14,454.31
(FAQ)
What is the share price target for CDSL? The share price target for CDSL in 2024 is ₹1,690, with a minimum target of ₹1,590. The price is expected to rise to ₹3,550 by 2028, reflecting its strong growth in the securities and financial markets.
How is CDSL performing in the market? CDSL is experiencing strong growth, particularly with the increasing demand for demat accounts. It continues to benefit from the expanding digital and online financial services sector.
What is CDSL’s role in the Indian financial sector? CDSL plays a key role as a depository participant, offering services such as the safekeeping of securities in electronic form and the facilitation of smooth trading and settlement processes.
What is the current shareholding pattern of CDSL?
Promoters: 15.00%
FII: 13.77%
DII: 21.50%
MF: 13.36%
Others: 49.73%
How does CDSL compare to its peers? CDSL’s share price is ₹1,498 with a market capitalization of ₹31,308.22 crore. Compared to peers like BSE, which has a share price of ₹4,686.25, CDSL offers significant growth potential within the sector.
What factors are driving the growth of CDSL? The growth of CDSL is driven by the rise in demat accounts, increasing participation in the Indian stock market, and the company’s expanding services in the digital financial ecosystem.
Is CDSL a good investment? CDSL has shown consistent growth and is well-positioned in the expanding digital and securities markets. However, like all investments, it’s important to consider market conditions and personal financial goals.
Can I buy shares of CDSL? Yes, CDSL shares are publicly traded on the stock exchange. You can purchase them through a stockbroker or trading platform.
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