CDSL shares down over 1% as NSDL IPO opens; five key things to know

Both CDSL and NSDL are government-registered securities depositories in India.

CDSL was established in 1999. It is a market infrastructure institution (MII) and a crucial part of the capital market structure, providing services to all market participants—exchanges, clearing corporations, depository participants (DPs), issuers, and investors.

A depository is a facilitator for holding securities in the dematerialised form and an enabler for securities transactions.

📅 CDSL Update (as of 30-Jun-2025)

📊 Investor Accounts

• Total investor accounts (excluding closed accounts): 15,86,47,958

📂 Securities Available for Demat

🏢 Depository Participants

🗂️ Demat Custody

About NSDL

NSDL, which was established in August 1996, has established a state-of-the-art infrastructure that handles most of the securities held and settled in dematerialised form in the Indian capital market. Although India had a vibrant capital market that was more than a century old, the paper-based settlement of trades caused substantial problems like bad delivery and delayed transfer of title, etc. The enactment of the Depositories Act in August 1996 paved the way for the establishment of NSDL, the company's website says.

NSDL provides a bouquet of services to investors, stockbrokers, custodians, issuer companies, etc. through its nationwide network of Depository Partners.

The company adds that it plays a key role in developing products and services that will continue to nurture the growing needs of the financial services industry.

In the depository system, securities are held in depository accounts, which is more or less similar to holding funds in bank accounts.

"Transfer of ownership of securities is done through simple account transfers. This method does away with all the risks and hassles normally associated with paperwork. Consequently, the cost of transacting in a depository environment is considerably lower as compared to transacting in certificates," the official website says.

CDSL Q4 FY25 Results

For the quarter ended March 31, 2025 (Q4 FY25), Central Depository Services (India) Limited (CDSL) reported a total income on a standalone basis at ₹205 crore, flat on an annual basis, and up 13% on a sequential basis. Net profit for the quarter came in at ₹81 crore, up 17% YoY and 23% QoQ.

On a consolidated basis, total income grew 4% YoY and 14% QoQ to ₹256 crore. Net profit increased by 23% QoQ and 22% YoY to ₹100 crore.

For the full fiscal year 2024-25, total income, on a consolidated basis, rose by 32% to ₹1,199 crore, while net profit increased by 25% YoY to ₹526 crore.

Besides this, the company's board recommended a final dividend of ₹12.50 per equity share of the face value of ₹10 per share for the financial year 2024-25, subject to the approval of the shareholders. CDSL issued bonus shares in the ratio of 1:1 in August 2024. Considering the bonus issue, the proposed final dividend rate is the highest for CDSL, the company had said.

Business Performance Highlights

• CDSL became the first depository to register 15.29+ crore demat accounts as of March 31, 2025;
• During the FY 2024-25, approx. 3.73 crore new demat accounts were opened.