Central Depository Services (India) (NSE:CDSL) EBITDA Margin %: 46.06% (As of Mar. 2026) — 32% Below Median


NSE:CDSL Central Depository Services (India) Ltd NSE:CDSL
97 GF Score
Price ₹1,317.00
GF Value ₹1,628.53
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Central Depository Services (India) EBITDA Margin %?

Central Depository Services (India) NSE:CDSL -1.10% 97 EBITDA Margin % is 46.06% as of Mar. 2026, which is 32% below its 10-year median of 67.29. GuruFocus rates NSE:CDSL with a GF Score™ of 97/100 and a GF Value™ of ₹1,628.53 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 666 Capital Markets companies, Central Depository Services (India) ranks better than 76.58% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Central Depository Services (India)'s EBITDA for the three months ended in Mar. 2026 was ₹1,211 Mil. Central Depository Services (India)'s Revenue for the three months ended in Mar. 2026 was ₹2,628 Mil. Therefore, Central Depository Services (India)'s EBITDA margin for the quarter that ended in Mar. 2026 was 46.06%.


Central Depository Services (India)  (NSE:CDSL) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Central Depository Services (India) EBITDA Margin % Related Terms


Central Depository Services (India) EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Central Depository Services (India)'s EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Central Depository Services (India) EBITDA Margin % Chart

Central Depository Services (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.18 69.32 71.82 68.74 58.99

Central Depository Services (India) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.05 64.31 62.34 62.12 46.06

NSE:CDSL vs MS, GS, SCHW: EBITDA Margin % Comparison

For the Capital Markets subindustry, Central Depository Services (India)'s EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Central Depository Services (India) EBITDA Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Central Depository Services (India)'s EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Central Depository Services (India)'s EBITDA Margin % falls into.


NSE:CDSL
97GF Score
Central Depository Services (India) Ltd NSE:CDSL
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Central Depository Services (India) EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Central Depository Services (India)'s EBITDA Margin % for the fiscal year that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=6753.526/11449.187
=58.99 %

Central Depository Services (India)'s EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1210.761/2628.48
=46.06 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 46.06% mean?
Central Depository Services (India) (NSE:CDSL) has a EBITDA Margin % of 46.06% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Central Depository Services (India) and its competitors. This is 32% below median its historical median of 67.29. Over the past decade, Central Depository Services (India)'s EBITDA Margin % has ranged from 57.00 to 78.19. According to the industry distribution chart, Central Depository Services (India) ranks #156 out of 666 companies in the Capital Markets industry, placing it in the top 23.4%.
Is Central Depository Services (India)'s EBITDA Margin % too high?
Central Depository Services (India)'s current EBITDA Margin % of 46.06% is 32% below median its 10-year median of 67.29. Over the past 10 years, this metric has ranged from a low of 57.00 to a high of 78.19. The Capital Markets industry median EBITDA Margin % is 20.73. Central Depository Services (India)'s value of 46.06% is 122.2% above this industry median. Based on the distribution chart, Central Depository Services (India) ranks #156 out of 666 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Central Depository Services (India) has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Central Depository Services (India)'s EBITDA Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Central Depository Services (India) ranks #156 out of 666 companies for EBITDA Margin %. This places Central Depository Services (India) in the top 23% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 20.73. Central Depository Services (India)'s value of 46.06% is 122.2% above this benchmark. Historically, Central Depository Services (India)'s own EBITDA Margin % has ranged from 57.00 to 78.19 over the past decade. While the company's 10-year median is 67.29 vs. the industry median of 20.73, Central Depository Services (India) has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Capital Markets company?
The median EBITDA Margin % among Capital Markets companies is 20.73, based on 666 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Central Depository Services (India)'s current EBITDA Margin % of 46.06% is 122.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Central Depository Services (India) and its competitors. For the Capital Markets industry, the median EBITDA Margin % is 20.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Central Depository Services (India)'s current EBITDA Margin % is 46.06%, which is 32% below median its own 10-year median of 67.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Depository Services (India) stock overvalued right now?
Based on GuruFocus' analysis, Central Depository Services (India) (NSE:CDSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,628.53, compared to a current price of ₹1,317.00 — trading 19.1% below its estimated fair value. The current EBITDA Margin % is 46.06%, which is 32% below median its 10-year median of 67.29 and 122.2% above the Capital Markets industry median of 20.73. Central Depository Services (India)'s overall GF Score™ is 97/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Central Depository Services (India) (NSE:CDSL), the current EBITDA Margin % is 46.06% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Central Depository Services (India) (NSE:CDSL) Overvalued in 2026?

Based on GuruFocus' analysis, Central Depository Services (India) stock appears to be undervalued. The current stock price of ₹1,317.00 is trading 19.1% below its estimated GF Value™ of ₹1,628.53. GuruFocus considers Central Depository Services (India) to be Modestly Undervalued.

Key valuation signals for NSE:CDSL:

  • EBITDA Margin %: 46.06% (32% below median its 10-year median of 67.29)
  • GF Value™: ₹1,628.53 vs. price of ₹1,317.00 (19.1% below fair value)
  • GF Score™: 97/100 with 3 warning signs
  • Industry Position: 122.2% above the Capital Markets median (#156 of 666)

No single metric tells the full story. See the NSE:CDSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Central Depository Services (India) Business Description

Address N.M Joshi Marg, Unit No. A-2501, A Wing, Marathon Futurex, Mafatlal Mills Compound, Lower Parel East, Mumbai, MH, IND, 400013
Central Depository Services (India) Ltd is a securities depository in India. It offers dematerialization for a wide range of securities, including equity shares, preference shares, mutual fund units, debt instruments, and government securities. In addition, it is involved in centralized record keeping of KYC documents of investors, and providing repository services to policyholders to store their receipts and policies in electronic form. The group operates in three segments: Depository, Data Entry, and Storage and Repository. A majority of its revenue is generated from the Depository segment, which provides various services to investors, including dematerialization, rematerialization, holding, transfer, and pledge of securities in electronic form, as well as e-voting services to companies.
97GF Score

Get the complete analysis for NSE:CDSL

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,317.00
Price
₹1,628.53
GF Value