NSE:CDSL's ROA % is ranked better than 95.36% of 819
companies
in the Capital Markets industry
Industry Median: 1.5
vs NSE:CDSL: 19.65
Central Depository Services (India) (NSE:CDSL) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Central Depository Services (India) ROA % Related Terms
Central Depository Services (India) ROA % Historical Data
* 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.
For the Capital Markets subindustry, Central Depository Services (India)'s ROA %, along with its competitors' market caps and ROA % 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) ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Central Depository Services (India)'s ROA % distribution charts can be found below:
* The bar in red indicates where Central Depository Services (India)'s ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Central Depository Services (India) (NSE:CDSL) has a ROA % of 13.26% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Central Depository Services (India) and its competitors. This is 33% below median its historical median of 19.87. Over the past decade, Central Depository Services (India)'s ROA % has ranged from 12.89 to 26.71. According to the industry distribution chart, Central Depository Services (India) ranks #38 out of 819 companies in the Capital Markets industry, placing it in the top 4.6%.
Is Central Depository Services (India)'s ROA % too high?
Central Depository Services (India)'s current ROA % of 13.26% is 33% below median its 10-year median of 19.87. Over the past 10 years, this metric has ranged from a low of 12.89 to a high of 26.71. The Capital Markets industry median ROA % is 1.50. Central Depository Services (India)'s value of 13.26% is 784% above this industry median. Based on the distribution chart, Central Depository Services (India) ranks #38 out of 819 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 ROA % compare to MS and GS?
According to the Capital Markets industry distribution chart, Central Depository Services (India) ranks #38 out of 819 companies for ROA %. This places Central Depository Services (India) in the top 5% of its industry — outperforming the majority of peers. The industry median ROA % is 1.50. Central Depository Services (India)'s value of 13.26% is 784% above this benchmark. Historically, Central Depository Services (India)'s own ROA % has ranged from 12.89 to 26.71 over the past decade. While the company's 10-year median is 19.87 vs. the industry median of 1.50, 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 ROA % for a Capital Markets company?
The median ROA % among Capital Markets companies is 1.50, based on 819 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Central Depository Services (India)'s current ROA % of 13.26% is 784% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Central Depository Services (India) and its competitors. For the Capital Markets industry, the median ROA % is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Central Depository Services (India)'s current ROA % is 13.26%, which is 33% below median its own 10-year median of 19.87. 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 ₹1,297.90 — trading 20.3% below its estimated fair value. The current ROA % is 13.26%, which is 33% below median its 10-year median of 19.87 and 784% above the Capital Markets industry median of 1.50. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Central Depository Services (India) (NSE:CDSL), the current ROA % is 13.26% 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 ₹1,297.90 is trading 20.3% 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:
ROA %: 13.26% (33% below median its 10-year median of 19.87)
GF Value™: ₹1,628.53 vs. price of ₹1,297.90 (20.3% below fair value)
Industry Position: 784% above the Capital Markets median (#38 of 819)
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
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
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