NSDL
National Securities Depository share price & financials
- Price
- ₹829.75
- Market cap
- ₹16.6k Cr
Quarterly results
Q1 FY27: revenue up 65.7%, net profit up 8.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 357 | 363 | 364 | 312 | 400 +12% | 360 −1% | 458 +26% | 517 +66% |
| EBITDA | 113 | 91 | 91 | 95 | 127 +12% | 106 +16% | 103 +13% | 101 +6% |
| Net profit | 96 | 86 | 83 | 90 | 110 +15% | 90 +5% | 90 +8% | 98 +9% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −38.5% 1Y
1Y: ₹1,305.55 on 10 Sept 2025 → ₹802.7. High ₹1,305.55 (10 Sept 2025), low ₹791.15 (30 Mar 2026).
Financials, as filed
Revenue grew 7.7% a year over 1 year, FY25 to FY26. Operating margin widened to 28.2%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹1.4k Cr | ₹1.5k Cr |
| Operating profit | ₹375 Cr | ₹431 Cr |
| Operating margin | 26.4% | 28.2% |
| Interest | ₹4 Cr | ₹7 Cr |
| Depreciation | ₹35 Cr | ₹48 Cr |
| Net profit | ₹343 Cr | ₹380 Cr |
| Net margin | 24.1% | 24.8% |
| Cash from operations | ₹563 Cr | ₹713 Cr |
| Free cash flow | ₹489 Cr | ₹578 Cr |
| ROCE | 24.0% | 22.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹40 Cr | ₹40 Cr | ₹40 Cr | ₹40 Cr | ₹40 Cr | ₹40 Cr |
| Reserves | ₹979 Cr | ₹1.2k Cr | ₹1.4k Cr | ₹1.6k Cr | ₹2.1k Cr | ₹2.3k Cr |
| Borrowings | ₹9 Cr | ₹3 Cr | ₹17 Cr | ₹14 Cr | ₹19 Cr | ₹17 Cr |
| Other liabilities | ₹470 Cr | ₹478 Cr | ₹648 Cr | ₹560 Cr | ₹1.6k Cr | ₹1.4k Cr |
| Total liabilities | ₹1.5k Cr | ₹1.7k Cr | ₹2.1k Cr | ₹2.3k Cr | ₹3.8k Cr | ₹3.8k Cr |
| Fixed assets | ₹66 Cr | ₹53 Cr | ₹68 Cr | ₹289 Cr | ₹363 Cr | ₹408 Cr |
| Capital work in progress | ₹17 Cr | ₹3 Cr | ₹5 Cr | ₹13 Cr | ₹8 Cr | ₹16 Cr |
| Investments | ₹728 Cr | ₹930 Cr | ₹1.5k Cr | ₹1.5k Cr | ₹2.5k Cr | ₹2.6k Cr |
| Other assets | ₹687 Cr | ₹706 Cr | ₹563 Cr | ₹462 Cr | ₹964 Cr | ₹836 Cr |
| Total assets | ₹1.5k Cr | ₹1.7k Cr | ₹2.1k Cr | ₹2.3k Cr | ₹3.8k Cr | ₹3.8k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Sep 2025, the public added +5.69 pp while FIIs trimmed −4.20 pp. The shareholder count grew 8% to 8,94,029.
- FIIs
- 11.7%
- DIIs
- 37.8%
- Public
- 50.5%
Since Sep 2025
- Public +5.69 pp
- FIIs −4.20 pp
- DIIs −1.48 pp
How it drifted, 4 quarters
Over this window the public went from 44.9% to 50.5% — +5.7 pp.
Ownership split by quarter, oldest first. Sep '25: FIIs 15.9%, DIIs 39.2%, Public 44.9%.Dec '25: FIIs 14.5%, DIIs 37.9%, Public 47.6%.Mar '26: FIIs 14.4%, DIIs 37.6%, Public 48.0%.Jun '26: FIIs 11.7%, DIIs 37.8%, Public 50.5%.
Who is on the register
Named in the Jun 2026 filing
Every holder of National Securities Depository Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| National Stock Exchange of India Limited | 15.00% | unchanged |
| IDBI Bank Ltd Bank | 14.99% | unchanged |
| HDFC Bank Limited Bank | 6.95% | unchanged |
| Administrator of the Specified Undertaking of the Unit Trust of India- Unit Scheme 1964 NBFC / DFI | 5.12% | unchanged |
| Deutsche Bank A.G. Global fund house | 3.61% | −1.39 pp |
| The Hongkong And Shanghai Banking Corp.Ltd. FPI fund | 3.13% | unchanged |
| Citibank N.A. Foreign bank / ODI | 3.09% | unchanged |
| State Bank Of India Bank | 3.00% | unchanged |
| Union Bank Of India Bank | 2.56% | unchanged |
| Canara Bank- Mumbai Bank | 2.30% | unchanged |
| Smallcap World Fund, Inc Global fund house | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse National Securities Depository Limited
Guides on how to read this kind of business and the numbers that matter.