# Finance - Capital Markets — company-by-company sector analysis

> Finance - Capital Markets: Centrum Capital Ltd owns the largest revenue base; Wealth First Portfolio Managers Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

The 52-week sector comparison is unavailable. 1 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Centrum Capital Ltd leads with income of ₹3,577 crore, based on 6 of 6 comparable companies through Mar 2026. Wealth First Portfolio Managers Ltd has the fastest current income growth at 27.8%, across 6 of 6 comparable companies.

### Is the Finance - Capital Markets sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 1 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

### Which Finance - Capital Markets company is largest by income?

Centrum Capital Ltd leads with income of ₹3,577 crore, based on 6 of 6 comparable companies through Mar 2026.

### Which Finance - Capital Markets company is growing fastest?

Wealth First Portfolio Managers Ltd has the fastest current income growth at 27.8%, across 6 of 6 comparable companies.

### Which Finance - Capital Markets company has the strongest 4-Factor Sector Score?

Prudent Corporate Advisory Services Ltd ranks first at 61/100 with 60.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Finance - Capital Markets company has the lowest comparable P/BV-to-ROE?

Wealth First Portfolio Managers Ltd has the lowest comparable P/BV ÷ ROE at 0.24, among 5 of 6 companies that pass the metric’s comparability rules.

### How much history does this Finance - Capital Markets comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

The 52-week comparison of Finance - Capital Markets against NIFTY 500 is not available from the current market series. 1 of 6 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Centrum Capital Ltd is the strongest against the sector itself at +21.8%.

13-week sector return versus NIFTY 500: —
52-week sector return versus NIFTY 500: —
Stocks leading NIFTY: 1/6
Stocks leading sector: 2/5

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 6
Combined market value: ₹59.0K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Prudent Corporate Advisory Services Ltd (PRUDENT): 61/100 — Mixed-positive evidence; evidence 61%
   - Growth & earnings 22.7/35 | Capital efficiency 16.5/25 | Valuation 6.2/20 | Relative strength 15.6/20
   - Exact sum: 22.7 + 16.5 + 6.2 + 15.6 = 61
   - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
2. Wealth First Portfolio Managers Ltd (WEALTH): 54/100 — Mixed-positive evidence; evidence 67%
   - Growth & earnings 16.2/35 | Capital efficiency 19.1/25 | Valuation 9.4/20 | Relative strength 9.2/20
   - Exact sum: 16.2 + 19.1 + 9.4 + 9.2 = 53.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Aditya Birla Money Ltd (BIRLAMONEY): 44/100 — Thin evidence · provisional; evidence 52%
   - Growth & earnings 18.2/35 | Capital efficiency 18.4/25 | Valuation 3.0/20 | Relative strength 4.3/20
   - Exact sum: 18.2 + 18.4 + 3 + 4.3 = 43.9
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. Central Depository Services (India) Ltd (CDSL): 41/100 — Mixed-negative evidence; evidence 61%
   - Growth & earnings 11.2/35 | Capital efficiency 18.1/25 | Valuation 4.6/20 | Relative strength 7.2/20
   - Exact sum: 11.2 + 18.1 + 4.6 + 7.2 = 41.1
   - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
5. Centrum Capital Ltd (CENTRUM): 30/100 — Adverse evidence; evidence 64%
   - Growth & earnings 5.3/35 | Capital efficiency 4.0/25 | Valuation 8.4/20 | Relative strength 12.6/20
   - Exact sum: 5.3 + 4 + 8.4 + 12.6 = 30.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6. National Securities Depository Ltd (NSDL): 45/100 — Thin evidence · provisional; evidence 43%
   - Growth & earnings 16.3/35 | Capital efficiency 12.9/25 | Valuation 7.8/20 | Relative strength 7.5/20
   - Exact sum: 16.3 + 12.9 + 7.8 + 7.5 = 44.5
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Income Scale & Growth Durability

What the numbers say: Centrum Capital Ltd is the scale leader at ₹3,577 crore, 133.8% ahead of National Securities Depository Ltd. Wealth First Portfolio Managers Ltd's growth is 27.8% from a ₹69 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Centrum Capital Ltd is the scale benchmark; Wealth First Portfolio Managers Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Centrum Capital Ltd's growth falls below Wealth First Portfolio Managers Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Centrum Capital Ltd · ₹3,577 crore | 133.8% versus #2 · National Securities Depository Ltd | 7/8 recent comparable periods | 6/6 companies · 65 observations

Definition: For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

### Income — largest
1. Centrum Capital Ltd (CENTRUM): ₹3.6K Cr
2. National Securities Depository Ltd (NSDL): ₹1.5K Cr
3. Prudent Corporate Advisory Services Ltd (PRUDENT): ₹1.4K Cr
4. Central Depository Services (India) Ltd (CDSL): ₹1.1K Cr
5. Aditya Birla Money Ltd (BIRLAMONEY): ₹172 Cr

### Income growth — fastest growers
1. Wealth First Portfolio Managers Ltd (WEALTH): 28%
2. Aditya Birla Money Ltd (BIRLAMONEY): 21%
3. Prudent Corporate Advisory Services Ltd (PRUDENT): 20%
4. National Securities Depository Ltd (NSDL): 7.7%
5. Central Depository Services (India) Ltd (CDSL): 5.9%

### 20-quarter Income history
- CDSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹141 Cr | Mar 2023 ₹125 Cr | Jun 2023 ₹150 Cr | Sep 2023 ₹207 Cr | Dec 2023 ₹214 Cr | Mar 2024 ₹241 Cr | Jun 2024 ₹257 Cr | Sep 2024 ₹322 Cr | Dec 2024 ₹278 Cr | Mar 2025 ₹224 Cr | Jun 2025 ₹259 Cr | Sep 2025 ₹319 Cr | Dec 2025 ₹304 Cr | Mar 2026 ₹263 Cr | Jun 2026 —
- NSDL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹337 Cr | Sep 2024 ₹357 Cr | Dec 2024 ₹363 Cr | Mar 2025 ₹364 Cr | Jun 2025 ₹312 Cr | Sep 2025 ₹400 Cr | Dec 2025 ₹360 Cr | Mar 2026 ₹458 Cr | Jun 2026 —
- PRUDENT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹158 Cr | Mar 2023 ₹177 Cr | Jun 2023 ₹165 Cr | Sep 2023 ₹190 Cr | Dec 2023 ₹210 Cr | Mar 2024 ₹240 Cr | Jun 2024 ₹249 Cr | Sep 2024 ₹286 Cr | Dec 2024 ₹285 Cr | Mar 2025 ₹283 Cr | Jun 2025 ₹294 Cr | Sep 2025 ₹320 Cr | Dec 2025 ₹343 Cr | Mar 2026 ₹361 Cr | Jun 2026 ₹348 Cr
- CENTRUM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹334 Cr | Mar 2023 ₹394 Cr | Jun 2023 ₹443 Cr | Sep 2023 ₹533 Cr | Dec 2023 ₹560 Cr | Mar 2024 ₹655 Cr | Jun 2024 ₹716 Cr | Sep 2024 ₹784 Cr | Dec 2024 ₹877 Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹846 Cr | Sep 2025 ₹823 Cr | Dec 2025 ₹878 Cr | Mar 2026 ₹1.0K Cr | Jun 2026 —
- WEALTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹8 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹11 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹15 Cr | Jun 2024 ₹21 Cr | Sep 2024 ₹20 Cr | Dec 2024 ₹16 Cr | Mar 2025 ₹-3 Cr | Jun 2025 ₹25 Cr | Sep 2025 ₹21 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹17 Cr | Jun 2026 —

### 20-quarter Income growth history
- CDSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 52% | Mar 2024 93% | Jun 2024 71% | Sep 2024 56% | Dec 2024 30% | Mar 2025 -7.1% | Jun 2025 0.8% | Sep 2025 -0.9% | Dec 2025 9.4% | Mar 2026 17% | Jun 2026 —
- NSDL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 -7.4% | Sep 2025 12% | Dec 2025 -0.8% | Mar 2026 26% | Jun 2026 —
- PRUDENT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 33% | Mar 2024 36% | Jun 2024 51% | Sep 2024 51% | Dec 2024 36% | Mar 2025 18% | Jun 2025 18% | Sep 2025 12% | Dec 2025 20% | Mar 2026 28% | Jun 2026 18%
- CENTRUM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 68% | Mar 2024 66% | Jun 2024 62% | Sep 2024 47% | Dec 2024 57% | Mar 2025 70% | Jun 2025 18% | Sep 2025 5.0% | Dec 2025 0.1% | Mar 2026 -7.7% | Jun 2026 —
- WEALTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 77% | Mar 2024 200% | Jun 2024 91% | Sep 2024 43% | Dec 2024 6.7% | Mar 2025 -120% | Jun 2025 19% | Sep 2025 5.0% | Dec 2025 -63% | Mar 2026 — | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: Central Depository Services (India) Ltd leads with ₹455 crore of TTM profit, 19.7% above National Securities Depository Ltd. Prudent Corporate Advisory Services Ltd shows 20.6% growth from a ₹246 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Central Depository Services (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Central Depository Services (India) Ltd · ₹455 crore | 19.7% versus #2 · National Securities Depository Ltd | 4/8 recent comparable periods | 6/6 companies · 65 observations

Definition: Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

### Net profit — largest
1. Central Depository Services (India) Ltd (CDSL): ₹455 Cr
2. National Securities Depository Ltd (NSDL): ₹380 Cr
3. Prudent Corporate Advisory Services Ltd (PRUDENT): ₹246 Cr
4. Wealth First Portfolio Managers Ltd (WEALTH): ₹38 Cr
5. Aditya Birla Money Ltd (BIRLAMONEY): ₹10 Cr

### Profit growth — fastest growers
1. Prudent Corporate Advisory Services Ltd (PRUDENT): 21%
2. National Securities Depository Ltd (NSDL): 11%
3. Central Depository Services (India) Ltd (CDSL): -14%
4. Centrum Capital Ltd (CENTRUM): -80%

### 20-quarter Net profit history
- CDSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹75 Cr | Mar 2023 ₹63 Cr | Jun 2023 ₹74 Cr | Sep 2023 ₹109 Cr | Dec 2023 ₹107 Cr | Mar 2024 ₹129 Cr | Jun 2024 ₹134 Cr | Sep 2024 ₹162 Cr | Dec 2024 ₹130 Cr | Mar 2025 ₹100 Cr | Jun 2025 ₹102 Cr | Sep 2025 ₹140 Cr | Dec 2025 ₹133 Cr | Mar 2026 ₹80 Cr | Jun 2026 —
- NSDL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹78 Cr | Sep 2024 ₹96 Cr | Dec 2024 ₹86 Cr | Mar 2025 ₹83 Cr | Jun 2025 ₹90 Cr | Sep 2025 ₹110 Cr | Dec 2025 ₹90 Cr | Mar 2026 ₹90 Cr | Jun 2026 —
- PRUDENT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹28 Cr | Mar 2023 ₹41 Cr | Jun 2023 ₹28 Cr | Sep 2023 ₹30 Cr | Dec 2023 ₹36 Cr | Mar 2024 ₹45 Cr | Jun 2024 ₹44 Cr | Sep 2024 ₹52 Cr | Dec 2024 ₹48 Cr | Mar 2025 ₹52 Cr | Jun 2025 ₹52 Cr | Sep 2025 ₹54 Cr | Dec 2025 ₹58 Cr | Mar 2026 ₹59 Cr | Jun 2026 ₹75 Cr
- CENTRUM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹-39 Cr | Mar 2023 ₹-21 Cr | Jun 2023 ₹-64 Cr | Sep 2023 ₹-28 Cr | Dec 2023 ₹-18 Cr | Mar 2024 ₹39 Cr | Jun 2024 ₹-122 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹-59 Cr | Mar 2025 ₹24 Cr | Jun 2025 ₹-107 Cr | Sep 2025 ₹-8 Cr | Dec 2025 ₹-135 Cr | Mar 2026 ₹-31 Cr | Jun 2026 —
- WEALTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹4 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹8 Cr | Sep 2023 ₹10 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹14 Cr | Jun 2024 ₹14 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹9 Cr | Mar 2025 ₹-4 Cr | Jun 2025 ₹16 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹10 Cr | Jun 2026 —

### 20-quarter Profit growth history
- CDSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 43% | Mar 2024 105% | Jun 2024 81% | Sep 2024 49% | Dec 2024 22% | Mar 2025 -22% | Jun 2025 -24% | Sep 2025 -14% | Dec 2025 2.3% | Mar 2026 -20% | Jun 2026 —
- NSDL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 15% | Sep 2025 15% | Dec 2025 4.7% | Mar 2026 8.4% | Jun 2026 —
- PRUDENT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 29% | Mar 2024 9.8% | Jun 2024 57% | Sep 2024 73% | Dec 2024 33% | Mar 2025 16% | Jun 2025 18% | Sep 2025 3.9% | Dec 2025 21% | Mar 2026 13% | Jun 2026 44%
- CENTRUM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -38% | Jun 2025 — | Sep 2025 -200% | Dec 2025 — | Mar 2026 -229% | Jun 2026 —
- WEALTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 145% | Mar 2024 1,300% | Jun 2024 75% | Sep 2024 50% | Dec 2024 -10% | Mar 2025 -129% | Jun 2025 14% | Sep 2025 -27% | Dec 2025 -89% | Mar 2026 — | Jun 2026 —

## Funding Base & Its Composition

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/6 companies · 0 observations

Definition: For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.

### Deposits — largest deposit bases

### Borrowings — largest borrowings
1. Centrum Capital Ltd (CENTRUM): ₹16.1K Cr
2. Aditya Birla Money Ltd (BIRLAMONEY): ₹2.2K Cr
3. Prudent Corporate Advisory Services Ltd (PRUDENT): ₹34 Cr
4. National Securities Depository Ltd (NSDL): ₹17 Cr
5. Central Depository Services (India) Ltd (CDSL): ₹2 Cr

### 20-quarter Deposits history

### 20-quarter Borrowings history
- CDSL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹2 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹1 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹3 Cr | Jun 2025 — | Sep 2025 ₹2 Cr | Dec 2025 — | Mar 2026 ₹2 Cr | Jun 2026 —
- NSDL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹3 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹17 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹14 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹10 Cr | Jun 2025 — | Sep 2025 ₹19 Cr | Dec 2025 — | Mar 2026 ₹17 Cr | Jun 2026 —
- PRUDENT: Sep 2021 — | Dec 2021 — | Mar 2022 ₹13 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹17 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹20 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹31 Cr | Jun 2025 — | Sep 2025 ₹32 Cr | Dec 2025 — | Mar 2026 ₹34 Cr | Jun 2026 —
- CENTRUM: Sep 2021 ₹2.3K Cr | Dec 2021 ₹2.3K Cr | Mar 2022 ₹6.1K Cr | Jun 2022 ₹2.6K Cr | Sep 2022 ₹2.1K Cr | Dec 2022 ₹2.1K Cr | Mar 2023 ₹5.3K Cr | Jun 2023 ₹3.1K Cr | Sep 2023 ₹4.3K Cr | Dec 2023 ₹4.3K Cr | Mar 2024 ₹10.8K Cr | Jun 2024 ₹4.9K Cr | Sep 2024 ₹4.9K Cr | Dec 2024 ₹4.9K Cr | Mar 2025 ₹16.2K Cr | Jun 2025 ₹4.7K Cr | Sep 2025 ₹16.9K Cr | Dec 2025 ₹5.3K Cr | Mar 2026 ₹16.1K Cr | Jun 2026 —
- WEALTH: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹2 Cr | Jun 2022 ₹2 Cr | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 ₹6 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 —
- BIRLAMONEY: Sep 2021 ₹501 Cr | Dec 2021 ₹501 Cr | Mar 2022 ₹739 Cr | Jun 2022 ₹739 Cr | Sep 2022 ₹772 Cr | Dec 2022 ₹772 Cr | Mar 2023 ₹900 Cr | Jun 2023 ₹900 Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹1.4K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.5K Cr | Mar 2025 ₹1.7K Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹1.8K Cr | Dec 2025 ₹1.8K Cr | Mar 2026 ₹2.2K Cr | Jun 2026 ₹2.2K Cr

## Return On Assets

What the numbers say: Wealth First Portfolio Managers Ltd leads roa at 21.1%; Centrum Capital Ltd leads roa change at -0.6 percentage points.

Investor read: Wealth First Portfolio Managers Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

Evidence: Wealth First Portfolio Managers Ltd · 21.1% | 27.1% versus #2 · Central Depository Services (India) Ltd | 1/4 recent comparable periods | 4/6 companies · 12 observations

Definition: ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

### ROA — highest
1. Wealth First Portfolio Managers Ltd (WEALTH): 21%
2. Central Depository Services (India) Ltd (CDSL): 17%
3. Aditya Birla Money Ltd (BIRLAMONEY): 2.0%
4. Centrum Capital Ltd (CENTRUM): -1.3%

### ROA change — fastest improvers
1. Centrum Capital Ltd (CENTRUM): −0.6 pp
2. Aditya Birla Money Ltd (BIRLAMONEY): −1.2 pp
3. Wealth First Portfolio Managers Ltd (WEALTH): −3.9 pp

### 20-quarter ROA history
- CENTRUM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -1.1% | Dec 2023 — | Mar 2024 -0.4% | Jun 2024 — | Sep 2024 -0.5% | Dec 2024 — | Mar 2025 -0.7% | Jun 2025 — | Sep 2025 -0.6% | Dec 2025 — | Mar 2026 -1.3% | Jun 2026 —
- WEALTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 24% | Dec 2023 — | Mar 2024 34% | Jun 2024 — | Sep 2024 27% | Dec 2024 — | Mar 2025 25% | Jun 2025 — | Sep 2025 20% | Dec 2025 — | Mar 2026 21% | Jun 2026 —

### 20-quarter ROA change history
- CENTRUM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +0.6 pp | Dec 2024 — | Mar 2025 −0.3 pp | Jun 2025 — | Sep 2025 −0.1 pp | Dec 2025 — | Mar 2026 −0.6 pp | Jun 2026 —
- WEALTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +3.0 pp | Dec 2024 — | Mar 2025 −8.6 pp | Jun 2025 — | Sep 2025 −6.6 pp | Dec 2025 — | Mar 2026 −3.9 pp | Jun 2026 —

## ROE — Leaders & Improvers

What the numbers say: Prudent Corporate Advisory Services Ltd leads roe at 28.6%; Aditya Birla Money Ltd leads roe change at +9.5 percentage points.

Investor read: Prudent Corporate Advisory Services Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

Evidence: Prudent Corporate Advisory Services Ltd · 28.6% | 3.2% versus #2 · Wealth First Portfolio Managers Ltd | Not enough history | 6/6 companies · 57 observations

Definition: ROE shows the return to shareholders, but should be read with asset quality and leverage.

### ROE — highest
1. Prudent Corporate Advisory Services Ltd (PRUDENT): 29%
2. Wealth First Portfolio Managers Ltd (WEALTH): 28%
3. Aditya Birla Money Ltd (BIRLAMONEY): 26%
4. Central Depository Services (India) Ltd (CDSL): 25%
5. National Securities Depository Ltd (NSDL): 17%

### ROE change — fastest improvers
1. Aditya Birla Money Ltd (BIRLAMONEY): +9.5 pp
2. Centrum Capital Ltd (CENTRUM): −16.8 pp
3. Wealth First Portfolio Managers Ltd (WEALTH): −23.6 pp

### 20-quarter ROE history
- CENTRUM: Sep 2021 -3.6% | Dec 2021 -6.1% | Mar 2022 -11% | Jun 2022 -44% | Sep 2022 -23% | Dec 2022 -1.0% | Mar 2023 -8.2% | Jun 2023 -5.4% | Sep 2023 -14% | Dec 2023 -6.2% | Mar 2024 -4.1% | Jun 2024 9.0% | Sep 2024 -28% | Dec 2024 1.8% | Mar 2025 -14% | Jun 2025 5.9% | Sep 2025 -26% | Dec 2025 -2.0% | Mar 2026 -31% | Jun 2026 —
- WEALTH: Sep 2021 62% | Dec 2021 31% | Mar 2022 20% | Jun 2022 31% | Sep 2022 11% | Dec 2022 38% | Mar 2023 21% | Jun 2023 6.7% | Sep 2023 44% | Dec 2023 48% | Mar 2024 43% | Jun 2024 53% | Sep 2024 47% | Dec 2024 46% | Mar 2025 26% | Jun 2025 -13% | Sep 2025 50% | Dec 2025 32% | Mar 2026 2.0% | Jun 2026 —
- BIRLAMONEY: Sep 2021 — | Dec 2021 48% | Mar 2022 43% | Jun 2022 45% | Sep 2022 44% | Dec 2022 47% | Mar 2023 38% | Jun 2023 29% | Sep 2023 35% | Dec 2023 40% | Mar 2024 46% | Jun 2024 45% | Sep 2024 40% | Dec 2024 58% | Mar 2025 42% | Jun 2025 17% | Sep 2025 26% | Dec 2025 16% | Mar 2026 21% | Jun 2026 26%

### 20-quarter ROE change history
- CENTRUM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −19.4 pp | Dec 2022 +5.1 pp | Mar 2023 +2.6 pp | Jun 2023 +38.1 pp | Sep 2023 +9.2 pp | Dec 2023 −5.2 pp | Mar 2024 +4.1 pp | Jun 2024 +14.4 pp | Sep 2024 −14.2 pp | Dec 2024 +8.0 pp | Mar 2025 −10.1 pp | Jun 2025 −3.1 pp | Sep 2025 +1.7 pp | Dec 2025 −3.8 pp | Mar 2026 −16.8 pp | Jun 2026 —
- WEALTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −51.6 pp | Dec 2022 +6.4 pp | Mar 2023 +1.7 pp | Jun 2023 −24.3 pp | Sep 2023 +33.4 pp | Dec 2023 +10.7 pp | Mar 2024 +22.0 pp | Jun 2024 +45.8 pp | Sep 2024 +3.3 pp | Dec 2024 −2.1 pp | Mar 2025 −17.8 pp | Jun 2025 −65.1 pp | Sep 2025 +2.3 pp | Dec 2025 −14.5 pp | Mar 2026 −23.6 pp | Jun 2026 —
- BIRLAMONEY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −1.1 pp | Mar 2023 −5.2 pp | Jun 2023 −16.1 pp | Sep 2023 −8.9 pp | Dec 2023 −6.8 pp | Mar 2024 +8.6 pp | Jun 2024 +15.7 pp | Sep 2024 +5.6 pp | Dec 2024 +18.2 pp | Mar 2025 −3.9 pp | Jun 2025 −28.0 pp | Sep 2025 −14.2 pp | Dec 2025 −41.8 pp | Mar 2026 −21.1 pp | Jun 2026 +9.5 pp

## Gross NPA — Leaders & Improvers

What the numbers say: There is not enough comparable evidence to name a reliable gross npa leader.

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current gnpa change signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/6 companies · 0 observations

Definition: Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

### Gross NPA — lowest

### GNPA change — fastest improvers

### 20-quarter Gross NPA history

### 20-quarter GNPA change history

## Valuation Against Growth & Quality

What the numbers say: Wealth First Portfolio Managers Ltd has the lowest comparable P/BV ÷ ROE at 0.24×, 40% below National Securities Depository Ltd. Only 5 of 6 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Wealth First Portfolio Managers Ltd · 0.24× | 40% versus #2 · National Securities Depository Ltd | 0/8 recent comparable periods | 5/6 companies · 40 observations

Definition: Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.

### P/BV ÷ ROE — lowest return-adjusted price
1. Wealth First Portfolio Managers Ltd (WEALTH): 0.2
2. National Securities Depository Ltd (NSDL): 0.4
3. Prudent Corporate Advisory Services Ltd (PRUDENT): 0.5
4. Central Depository Services (India) Ltd (CDSL): 0.6
5. Aditya Birla Money Ltd (BIRLAMONEY): 1.7

### P/BV — lowest P/BV
1. Centrum Capital Ltd (CENTRUM): 3.7
2. Wealth First Portfolio Managers Ltd (WEALTH): 6.7
3. National Securities Depository Ltd (NSDL): 6.9
4. Prudent Corporate Advisory Services Ltd (PRUDENT): 13.4
5. Central Depository Services (India) Ltd (CDSL): 14.2

### 20-quarter P/BV ÷ ROE history
- CENTRUM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.3 | Sep 2024 — | Dec 2024 2.3 | Mar 2025 — | Jun 2025 0.5 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- WEALTH: Sep 2021 0.1 | Dec 2021 0.2 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.4 | Dec 2022 0.1 | Mar 2023 0.2 | Jun 2023 0.9 | Sep 2023 0.1 | Dec 2023 0.1 | Mar 2024 0.2 | Jun 2024 0.2 | Sep 2024 0.3 | Dec 2024 0.2 | Mar 2025 0.3 | Jun 2025 — | Sep 2025 0.2 | Dec 2025 0.2 | Mar 2026 3.1 | Jun 2026 —
- BIRLAMONEY: Sep 2021 — | Dec 2021 0.5 | Mar 2022 0.5 | Jun 2022 0.4 | Sep 2022 0.4 | Dec 2022 0.4 | Mar 2023 0.4 | Jun 2023 0.7 | Sep 2023 0.8 | Dec 2023 0.9 | Mar 2024 0.7 | Jun 2024 1.3 | Sep 2024 1.3 | Dec 2024 1.6 | Mar 2025 1.3 | Jun 2025 4.0 | Sep 2025 2.3 | Dec 2025 3.1 | Mar 2026 1.7 | Jun 2026 1.8

### 20-quarter P/BV history
- CDSL: Sep 2021 — | Dec 2021 — | Mar 2022 16.5 | Jun 2022 — | Sep 2022 — | Dec 2022 10.8 | Mar 2023 8.7 | Jun 2023 10.6 | Sep 2023 11.7 | Dec 2023 15.5 | Mar 2024 14.6 | Jun 2024 20.6 | Sep 2024 20.9 | Dec 2024 24.3 | Mar 2025 16.7 | Jun 2025 23.5 | Sep 2025 17.4 | Dec 2025 17.8 | Mar 2026 14.1 | Jun 2026 —
- NSDL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 9.8 | Mar 2026 7.3 | Jun 2026 —
- PRUDENT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 14.7 | Mar 2023 12.7 | Jun 2023 11.6 | Sep 2023 13.2 | Dec 2023 12.4 | Mar 2024 12.9 | Jun 2024 22.5 | Sep 2024 23.0 | Dec 2024 20.8 | Mar 2025 17.0 | Jun 2025 23.1 | Sep 2025 15.8 | Dec 2025 14.1 | Mar 2026 12.0 | Jun 2026 18.5
- CENTRUM: Sep 2021 2.3 | Dec 2021 2.3 | Mar 2022 1.7 | Jun 2022 1.5 | Sep 2022 1.7 | Dec 2022 1.8 | Mar 2023 1.2 | Jun 2023 1.3 | Sep 2023 1.7 | Dec 2023 2.3 | Mar 2024 2.4 | Jun 2024 2.7 | Sep 2024 3.4 | Dec 2024 4.1 | Mar 2025 2.8 | Jun 2025 3.0 | Sep 2025 5.1 | Dec 2025 2.8 | Mar 2026 3.2 | Jun 2026 —
- WEALTH: Sep 2021 6.8 | Dec 2021 5.0 | Mar 2022 4.8 | Jun 2022 5.8 | Sep 2022 3.8 | Dec 2022 5.3 | Mar 2023 4.6 | Jun 2023 5.7 | Sep 2023 4.4 | Dec 2023 4.9 | Mar 2024 7.2 | Jun 2024 11.0 | Sep 2024 11.7 | Dec 2024 11.3 | Mar 2025 6.5 | Jun 2025 11.3 | Sep 2025 9.7 | Dec 2025 6.7 | Mar 2026 6.1 | Jun 2026 —
- BIRLAMONEY: Sep 2021 21.8 | Dec 2021 21.5 | Mar 2022 21.0 | Jun 2022 18.3 | Sep 2022 19.3 | Dec 2022 20.4 | Mar 2023 15.6 | Jun 2023 19.8 | Sep 2023 27.0 | Dec 2023 35.5 | Mar 2024 33.0 | Jun 2024 57.3 | Sep 2024 50.7 | Dec 2024 93.6 | Mar 2025 55.8 | Jun 2025 67.5 | Sep 2025 58.8 | Dec 2025 49.4 | Mar 2026 35.1 | Jun 2026 48.2

## Market action

Prudent Corporate Advisory Services Ltd has the strongest one-year price move in Finance - Capital Markets at -1.3%. It also leads on Mansfield relative strength against NIFTY at +9.1%. 1 of 6 covered companies is above zero on that measure. Every line covers 314 weekly closes through 2026-07-27.

### Strongest one-year price performers
1. Prudent Corporate Advisory Services Ltd (PRUDENT): -1.3%
2. Central Depository Services (India) Ltd (CDSL): -17%
3. Wealth First Portfolio Managers Ltd (WEALTH): -21%
4. Aditya Birla Money Ltd (BIRLAMONEY): -22%
5. National Securities Depository Ltd (NSDL): -37%

### Strongest relative strength versus NIFTY 500
1. Prudent Corporate Advisory Services Ltd (PRUDENT): 9.1%
2. Central Depository Services (India) Ltd (CDSL): -4.3%
3. Wealth First Portfolio Managers Ltd (WEALTH): -6.5%
4. Aditya Birla Money Ltd (BIRLAMONEY): -9.1%
5. Centrum Capital Ltd (CENTRUM): -18%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
- 3 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- 2 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
- Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.

## Every company
- Central Depository Services (India) Ltd (CDSL) — market value ₹27.9K Cr; latest fundamentals Mar 2026; second-feed figures WITHHELD
- National Securities Depository Ltd (NSDL) — market value ₹16.4K Cr; latest fundamentals Mar 2026
- Prudent Corporate Advisory Services Ltd (PRUDENT) — market value ₹11.8K Cr; latest fundamentals Jun 2026; second-feed figures WITHHELD
- Centrum Capital Ltd (CENTRUM) — market value ₹1.2K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Wealth First Portfolio Managers Ltd (WEALTH) — market value ₹1.0K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Aditya Birla Money Ltd (BIRLAMONEY) — market value ₹746 Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures

## Source standing of each company

Cross-checked: 0. Unverified: 4. Withheld: 2. Graded companies: 6.

3 of 6 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

2 of 6 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Central Depository Services (India) Ltd (CDSL) — its two data sources disagree by up to 16% on reported income across 14 comparable periods, so its derived ratios are withheld; Prudent Corporate Advisory Services Ltd (PRUDENT) — its two data sources disagree by up to 3% on reported income across 14 comparable periods, so its derived ratios are withheld.

- WITHHELD | CDSL | Central Depository Services (India) Ltd | diff_gt_2pct | disagreement up to 15.57% over 14 comparable periods
- WITHHELD | PRUDENT | Prudent Corporate Advisory Services Ltd | diff_gt_2pct | disagreement up to 3.01% over 14 comparable periods

- UNVERIFIED | CENTRUM | Centrum Capital Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | WEALTH | Wealth First Portfolio Managers Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | BIRLAMONEY | Aditya Birla Money Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-27.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Finance - Capital Markets index?

The Nifty Finance - Capital Markets index tracks India's listed Finance - Capital Markets companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Finance - Capital Markets sector rather than to its largest constituent. Figures are as of Jun 2026.

### Which are the best Finance - Capital Markets stocks in India?

Ranked by this page's four-factor score, Prudent Corporate Advisory Services Ltd places first among 6 listed Finance - Capital Markets companies, followed by Wealth First Portfolio Managers Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Finance - Capital Markets stocks are listed in India?

This comparison covers 6 listed Finance - Capital Markets companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which Finance - Capital Markets company is the biggest?

Centrum Capital Ltd is the largest, with trailing-twelve-month income of ₹3,577 crore, ahead of National Securities Depository Ltd at ₹1,530 crore. That covers 6 of 6 companies with comparable reporting through Mar 2026.

### Which Finance - Capital Markets company is growing fastest?

Wealth First Portfolio Managers Ltd has the fastest income growth at 27.8% year on year, across 6 of 6 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Finance - Capital Markets company makes the most profit?

Central Depository Services (India) Ltd earns the most, at ₹455 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Prudent Corporate Advisory Services Ltd has the fastest profit growth at 20.6%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Finance - Capital Markets company earns the highest return on capital?

Wealth First Portfolio Managers Ltd leads on return on assets at 21.1%, across 4 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Finance - Capital Markets stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Wealth First Portfolio Managers Ltd screens cheapest at 0.24×. Only 5 of 6 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Finance - Capital Markets stock has the strongest price momentum?

Prudent Corporate Advisory Services Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Finance - Capital Markets company scores highest for research priority?

Prudent Corporate Advisory Services Ltd scores 61 out of 100 with 60.6% evidence confidence, from 22.7 points on growth and earnings, 16.5 on capital efficiency, 6.2 on valuation and 15.6 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Finance - Capital Markets companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Finance - Capital Markets sector?

The 6 Finance - Capital Markets companies on this page carry ₹58,956 crore of combined market value. Central Depository Services (India) Ltd is the largest at ₹27,862 crore, about 47% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### What is the Finance - Capital Markets sector's P/B ratio?

The median price-to-book ratio across the 6 Finance - Capital Markets companies on this page is 13.4×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

### How is the Finance - Capital Markets sector performing?

1 of the 6 covered Finance - Capital Markets companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/finance-capital-markets