Central Depository Services (India) (NSE:CDSL) Enterprise Value: ₹273,327 Mil (As of Jul. 05, 2026) ***


NSE:CDSL Central Depository Services (India) Ltd NSE:CDSL
97 GF Score
Price ₹1,350.60
GF Value ₹1,633.58
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Central Depository Services (India) Enterprise Value?

Central Depository Services (India) NSE:CDSL -0.01% 97 Enterprise Value is ₹273,327 Mil as of Jul. 05, 2026. GuruFocus rates NSE:CDSL with a GF Score™ of 97/100 and a GF Value™ of ₹1,633.58 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Central Depository Services (India)'s Enterprise Value is ₹273,327 Mil. Central Depository Services (India)'s EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹6,092 Mil. Therefore, Central Depository Services (India)'s EV-to-EBIT ratio for today is 44.87.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Central Depository Services (India)'s Enterprise Value is ₹273,327 Mil. Central Depository Services (India)'s EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₹6,754 Mil. Therefore, Central Depository Services (India)'s EV-to-EBITDA ratio for today is 40.47.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Central Depository Services (India)'s Enterprise Value is ₹273,327 Mil. Central Depository Services (India)'s Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₹11,449 Mil. Therefore, Central Depository Services (India)'s EV-to-Revenue ratio for today is 23.87.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Central Depository Services (India)'s Enterprise Value is ₹273,327 Mil. Central Depository Services (India)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, Central Depository Services (India)'s EV-to-OCF ratio for today is .

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Central Depository Services (India)'s Enterprise Value is ₹273,327 Mil. Central Depository Services (India)'s Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, Central Depository Services (India)'s EV-to-FCF ratio for today is .

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Central Depository Services (India)  (NSE:CDSL) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Central Depository Services (India)'s EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=273326.512/6091.59
=44.87

Central Depository Services (India)'s current Enterprise Value is ₹273,327 Mil.
Central Depository Services (India)'s EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹6,092 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Central Depository Services (India)'s EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=273326.512/6753.526
=40.47

Central Depository Services (India)'s current Enterprise Value is ₹273,327 Mil.
Central Depository Services (India)'s EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹6,754 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Central Depository Services (India)'s EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=273326.512/11448.988
=23.87

Central Depository Services (India)'s current Enterprise Value is ₹273,327 Mil.
Central Depository Services (India)'s Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹11,449 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Central Depository Services (India)'s EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=273326.512/0
=

Central Depository Services (India)'s current Enterprise Value is ₹273,327 Mil.
Central Depository Services (India)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Central Depository Services (India)'s EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=273326.512/0
=

Central Depository Services (India)'s current Enterprise Value is ₹273,327 Mil.
Central Depository Services (India)'s Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

* 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) Enterprise Value Related Terms


Central Depository Services (India) Enterprise Value Historical Data

* Premium members only.

The historical data trend for Central Depository Services (India)'s Enterprise Value 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) Enterprise Value Chart

Central Depository Services (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 148,312.37 89,979.15 172,914.52 245,865.91 225,053.85

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
Enterprise Value 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 245,865.91 374,946.00 294,636.32 301,679.20 224,899.37

NSE:CDSL vs MS, GS, SCHW: Enterprise Value Comparison

For the Capital Markets subindustry, Central Depository Services (India)'s Enterprise Value, along with its competitors' market caps and Enterprise Value 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) Enterprise Value vs Capital Markets Industry

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

* The bar in red indicates where Central Depository Services (India)'s Enterprise Value falls into.


NSE:CDSL
97GF Score
Central Depository Services (India) Ltd NSE:CDSL
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Central Depository Services (India) Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

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

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

* 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 Enterprise Value →
What does a Enterprise Value of ₹273,327 Mil mean?
Central Depository Services (India) (NSE:CDSL) has a Enterprise Value of ₹273,327 Mil as of Jul. 05, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Central Depository Services (India) and its competitors.
Is Central Depository Services (India)'s Enterprise Value too high?
Central Depository Services (India)'s current Enterprise Value is ₹273,327 Mil. 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 Enterprise Value compare to MS and GS?
Central Depository Services (India)'s Enterprise Value of ₹273,327 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Capital Markets company?
A good Enterprise Value depends on the Capital Markets industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Central Depository Services (India) and its competitors. Central Depository Services (India)'s current Enterprise Value is ₹273,327 Mil. 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 ₹1,633.58, compared to a current price of ₹1,350.60 — trading 17.3% below its estimated fair value. The current Enterprise Value is ₹273,327 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Central Depository Services (India) (NSE:CDSL), the current Enterprise Value is ₹273,327 Mil as of Jul. 05, 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 ₹1,350.60 is trading 17.3% below its estimated GF Value™ of ₹1,633.58. GuruFocus considers Central Depository Services (India) to be Modestly Undervalued.

Key valuation signals for NSE:CDSL:

  • Enterprise Value: ₹273,327 Mil
  • GF Value™: ₹1,633.58 vs. price of ₹1,350.60 (17.3% below fair value)
  • GF Score™: 97/100 with 3 warning signs

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

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

₹1,350.60
Price
₹1,633.58
GF Value