Archive · 15 Aug 2025
NSDL vs CDSL: Analyzing Depository Stocks Post Q1 2025
Two companies, NSDL and CDSL, help run India's stock market.
NSDL recently had a successful launch, and their stock price went up a lot.
Both companies reported their financial results.
NSDL's revenue went down slightly, but their profits increased.
CDSL's revenue increased, but their profits stayed about the same.
One expert suggests that CDSL might be a better buy now because NSDL's price has increased too much.
Others say both are good long-term investments.
NSDL's IPO was successful, with the stock surging after listing.
NSDL's consolidated revenue decreased by 14% sequentially.
CDSL's consolidated revenue increased by 15.6% due to higher issuer revenue.
NSDL's demat account market share rose to 15.5%.
Analysts offer differing views on which stock is better to buy.
- Who
- NSDL and CDSL, the two main depositories in India.
- What
- Analysis of NSDL and CDSL stock performance after Q1 2025 results.
- When
- Results for the quarter ending June 30, 2025, were analyzed.
- Where
- Information not available.
- Why
- To evaluate which stock is better to buy.
Investment Perspective
Valuation Perspective
Stock Recommendation
Investment Perspective
CDSL is relatively better positioned with more stable price.
Valuation Perspective
NSDL's accelerating momentum makes it an attractive growth play.
- NSDL IPO Price
- ₹760 - ₹800
- NSDL Revenue (Q1)
- ₹312 crore (down 14% sequentially)
- CDSL Revenue (Q1)
- ₹259 crore (up 15.6%)
- NSDL Net Profit (Q1)
- ₹89.6 crore (up 8%)
- CDSL Net Profit (Q1)
- ₹102 crore
- NSDL Demat Account Share
- 15.5%
- CDSL Demat Account Share
- 84%