|Stock Name : Central Depository Services (India) Ltd/Tips Open||Buy : 474.25||Posted Date : Sep 15, 2020|
|Stopless/Horizon : 300||Target : 625||Results Achieved (Yes/No) :|
Overview: Central Depository Services (India) limited was incorporated in 1997 in Mumbai and commenced its depository business from 1999.CDSL was initially promoted by the BSE Ltd. It is a Small Cap company with a market capital of Rs 4858.21 Crore.
Management: Mr. Balkrishna V. Chaubalis the Chairperson and Mr. Nehal Vora is the Managing Director & Chief Executive Officer of CDSL since September 24, 2019.
About the company:Central Depository Services (India) Limited (CDSL) is one of India’s leading securities depositories. CDSLallows investors to deposit securities by opening an account in electronic form (dematerialised). The leading stock exchanges of India, the BSE& NSE have established connectivity with CDSL.
Shareholding Pattern(As on 31-03-2020):
• Promoters: 20.00 %
• Foreign Institutions: 1.78 %
• NBFC and Mutual Funds: 12.87 %
• Others: 8.63 %
• General Public: 27.67 %
• Financial Institutions: 29.06 %
The company gets its revenues from transaction charges, account maintenance charges and settlement charges paid by its depository participants. CDSLalso earns through annual fees, corporate action and e-voting charges paid by companies whose securities are admitted in the depository’s system.
CDSL reached 1 crore active demat accounts in 2015. Within 5 years, in January 2020, CDSL become the first Depository to cross 2 crore active demat accounts and within8 months, the number of accounts reached the 2.5 crore (due to Covid-19 pandemic).The company has 2,50,08,496 Investor accounts (excluding closed accounts) as on August 31, 2020.
Sales Report: For the quarter ended on 30th June 2020, CDSL reported a consolidated sale of Rs 65.26 Crore, which is up by 8.98 % from last quarter sales of Rs 59.88 Crore and up by 11.75 % from preceding year’s same quarter sales of Rs 58.40 Crore.CDSL’s consolidated net profit jumped 67 % year-on-year (YoY) at Rs 46.72 crore in April-June quarter (Q1FY21)compared to about Rs. 27.9Crores in June 30, 2019.
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