NSDL share price

National Securities Depository Ltd's share price was ₹701.10 at the close on 30 October 2026. It has been falling for 30 weeks. That is 17.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹701 and ₹1,154, and at that close it was at the low of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today National Securities Depository Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 40 weeks running.

Over the last 1 year the share price moved −46% while the NIFTY 500 moved −4%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

For April to June 2026 (the quarter ended 30 June 2026), NSDL reported total income of ₹517 crore, up 65.7% from ₹312 crore a year earlier, and a profit of ₹98.0 crore, up 8.9% from ₹90.0 crore.

NSDL results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

NSDL's management discussed these results on a call held on 31 July 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Income and profit in ₹ crore.

NSDL closed at ₹701.10 on 30 October 2026, down 39.5% from ₹1,158.55 a year earlier (31 October 2025). Its highest weekly close since August 2025 was ₹1,300.30 on 8 August 2025.

NSDL share price: then and now

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

53 weekly closes from 8 August 2025 to 30 October 2026.

30 Oct 2026: NSDL closed at ₹701.10, down 0.6% on the week and down 6.9% on the month. 31 Jul 2026: NSDL held its results call for April to June 2026. Management guided: IPO activity expected to pick up during the remaining calendar year based on the visible pipeline.

Earlier

• Results for April to June 2026: Total income up 65.7% and profit up 8.9% on a year earlier.

The NSE corporate-actions record has no dividend for NSDL since its first NSE close in our records (8 August 2025), so this page cannot show amounts per share.

Yes. National Securities Depository Ltd paid out 21% of its profit as dividends in FY26, and it paid a dividend in each of its last 7 reported years.

From the NSE corporate-actions record, read 7 November 2026.

On the call for April to June 2026, held on 31 July 2026, NSDL's management guided: IPO activity expected to pick up during the remaining calendar year based on the visible pipeline.

“Based on our current engagement, I think the product gaps are no longer a significant issue in the market. Therefore, I do not see a product gap as a showstopper anymore”Vijay Chandok, on the call for April to June 2026

What management guided

• Standalone normalized margins expected as front-loaded manpower and technology spending mature and operating leverage emerges over the medium term.
• Payments bank onboarding revenue expected to normalize from July to September 2026 after the Q1 peak, with transaction-led revenue and profitability improving as customers use banking services.
• Benefits from 21 prior-year and six Q1 DPs expected to flow gradually as integrations reach production; typical onboarding takes 12-16 weeks and outcomes remain contingent on market performance.
• Residual technology modernization will prioritize resilience, customer experience and automation, with continuing refinement after launch.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 31 July 2026.

When NSDL reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: July to September 2026 bank onboarding income to return toward normalized levels after the Q1 peak; track transaction-led revenue, CASA growth and margins.

NSDL is on one of our India lists: Small & mid cap stocks.

National Securities Depository Ltd earned ₹98.0 Cr of net profit in the Jun 2026 quarter, +8.9% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹380 Cr. Over 6 years profit has grown 20.4% a year on average. That is 19.0% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹90.0 Cr.

For the full year, FY26 profit was ₹380 Cr (+10.8% on the year before).

Why profit moved: revenue changed +65.7% on a year earlier and the margin moved −9.8 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +9.2% and revenue +25.7%. Profit is growing slower than sales: rising costs are taking part of the growth.

National Securities Depository Ltd reported ₹517 Cr of income in the Jun 2026 quarter, +65.7% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 6 years it has grown 29.4% a year on average. The last full year, FY26, came in at ₹1,530 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

The last four reported quarters add to ₹1,735 Cr.

FY26 revenue was ₹1,530 Cr, +7.7% on the year before.

Recent pace: the last four quarters grew +25.7% on average, against 29.4% a year over the longer run, so this year is growing slower than its own long-run rate.

National Securities Depository Ltd's net margin was 19.0% in the Jun 2026 quarter, 9.8 percentage points lower than the same quarter a year ago. Across 7 years it has been between 21.7% and 40.6%. The latest quarter is below every full year in that period.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

National Securities Depository Ltd does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up.

National Securities Depository Ltd's revenue was ₹1,530 Cr in FY26, +7.7% on the year before, so the loan book is growing. The latest quarter was +65.7% on a year earlier. The net margin on that income is 19.0%, −9.8 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

National Securities Depository Ltd's P/BV is 6.8×, near the low end of its own history: it has been lower only 6% of the time. Its usual P/BV (the middle reading) is 8.0×, over 10 months of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.

Why the multiple is where it is: over the past year book value grew while the price moved −39.5%. Price and book value moved together, so the multiple stayed in its range.

In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple.

The PEG ratio, which only the second data source has, is not shown on this page: its two data sources do not cover enough of the same periods to be compared. A figure nobody could check is not used to compare price with growth. The gap is a choice, not missing data.

National Securities Depository Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 5 quarters of 0 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

We do not have a clean yearly return-on-equity history for National Securities Depository Ltd. For an insurer in particular, the usual bank ratios do not fit, so this page does not force them or estimate a series. The revenue, margin and ownership sections show what this company does report.

Two numbers usually rate a lender: ROE, what it earns on shareholders’ money, and ROA, what it earns on all its assets.

For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead.

For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here.

No group of National Securities Depository Ltd's owners changed its stake by a full percentage point over the last 4 quarters. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

For National Securities Depository Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

52.4 out of 100, rank 5 of 6 in Finance - Capital Markets, with 47% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

National Securities Depository Ltd scores 52.4 out of 100 against the 6 companies it is compared with in Finance - Capital Markets, ranking 5. Some evidence is missing, so the score is pulled toward the middle on purpose.

The three scored parts add up to the total exactly: 27.4 + 17.2 + 7.8 = 52.4 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.

NSDL ranks 5 of 6 Finance - Capital Markets companies on the 4-Factor Sector Score, with 52.4 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Finance - Capital Markets, all 6 compared on one page.

NSDL is the 2nd largest of 6 Finance - Capital Markets companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Central Depository Services (India). Just below it: Prudent Corporate Advisory Services, Centrum Capital, Wealth First Portfolio Managers and Aditya Birla Money.

Finance - Capital Markets companies close in size

1. Central Depository Services (India) Ltd ₹26,397 crore
2. National Securities Depository Ltd ₹16,124 crore
3. Prudent Corporate Advisory Services Ltd ₹11,643 crore
4. Centrum Capital Ltd ₹919 crore
5. Wealth First Portfolio Managers Ltd ₹868 crore
6. Aditya Birla Money Ltd ₹594 crore

All 6 Finance - Capital Markets companies, largest first

Companies close in size in other industries

478. Shreeji Shipping Global Ltd ₹14,058 crore · Shipping/Dredging
479. Juniper Green Energy Ltd ₹14,054 crore
480. National Securities Depository Ltd ₹14,022 crore
481. Thangamayil Jewellery Ltd ₹13,847 crore · Diamond, Gems & Jewellery
482. Bharat Coking Coal Ltd ₹13,836 crore · Mining/Minerals

Sector Alpha, written by code from the published numbers. Data as of 30 October 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.