profit from every ₹100 of sales.
₹0₹100
National Securities Depository
₹787.15+0.73% today
-27.1% in 1 year
1-year low ₹699.801-year high ₹1,081.40
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹41.46 for every ₹1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What National Securities Depository sold, what it kept, and what it did with the cash.
Sales went from ₹10.2 billion in 2023 to ₹15.3 billion in 2026, with ₹3.80 billion of profit last year.
SalesProfit
National Securities Depository handed back 7% of the cash it generated last year.
₹399M
Free cash flow 2026₹5.8B
Bought back its own shares–
Paid as dividends₹399M
Cash vs. debt₹2.2B vs. ₹166M
National Securities Depository vs. similar companies
National Securities Depository grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| National Securities Depository | 41.5× · Expensive | ||
 S&P Global | 30.8× · Expensive | ||
 CME Group | 27.8× · Fair price | ||
 Intercontinental Exchange | 30.4× · Expensive | ||
 Moody's | 36.1× · Expensive |
AI analysis
An AI analyst reads National Securities Depository's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 10,214 | 12,679 | 14,202 | 15,300 | |
| 8,751 | 10,973 | 12,817 | 13,492 | |
| 2,355 | 2,632 | 3,401 | 3,864 | |
| 3,286 | 3,811 | 4,929 | 5,603 | |
| 2,348 | 2,754 | 3,431 | 3,797 | |
| 11.74 | 13.77 | 17.16 | – | |
| 85.7% | 86.5% | 90.2% | 88.2% | |
| 23.1% | 20.8% | 23.9% | 25.3% | |
| 23.0% | 21.7% | 24.2% | 24.8% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 20,935 | 22,577 | 29,848 | 38,195 |
| Cash | 1,907 | 1,060 | 1,452 | 2,220 |
| Total debt | 168 | 136 | 101 | 166 |
| Total liabilities | 6,646 | 5,736 | 9,795 | 14,399 |
| 14,289 | 16,841 | 20,053 | 23,700 | |
| 200 | 200 | 200 | – | |
| 16.8% | 16.6% | 17.9% | 17.0% | |
| 16.4% | 16.4% | 17.1% | 16.0% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 5,079 | 1,129 | 5,633 | 7,135 | |
| 488 | 2,439 | 743 | 1,355 | |
| 4,591 | -1,310 | 4,891 | 5,780 | |
| Dividends paid | 200 | 200 | 164 | 399 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 41.5×
- –
- –
- 6.9×
- 10.3×
- 27.2×
- 27.7×
- 3.7%
- 2.4%
- 0.3%
Profitability
- 88.2%
- 25.3%
- 24.8%
- –
- 16.1%
- 16.2%
- –
- –
- –
- –
Growth
- +14.4%
- –
- –
- –
- +0.0%
Financial health
- -0.4×
- 0.01
- –
- 76.5×
- 1.34
- –
- –
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 14%of 748
Top 41%of 603
Bottom 12%of 873
Top 35%of 883
Bottom 45%of 933
0.3%of the share price, paid each year
On $1,000 invested$3a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
10.5% of its profit
Room to growStretchedMore than it earns: 6.9%
News
National Energy Services Reunited declares $0.10 dividendSeeking Alpha · Nov 10, 20263 US Defense Stocks Worth Watching As Nvidia Questions Hit National SecurityYahoo Finance · Nov 9, 2026Auburn National GAAP EPS of $0.72, revenue of $9.1MSeeking Alpha · Oct 27, 2026United CEO backs national wealth tax, inheritance leviesSeeking Alpha · Oct 20, 2026Butler National boosts share buyback authorization to $11.9MSeeking Alpha · Oct 7, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
73Pass
Benjamin Graham
40No pass
Philip Fisher
69Pass
Peter Lynch
86Pass
Joel Greenblatt
17No pass
Charlie Munger
69Pass
Terry Smith
69Pass
Questions about National Securities Depository
Is National Securities Depository a good stock to buy?
A strong, very profitable business, but the price is high. 5 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the National Securities Depository AI analysis
What does National Securities Depository do?
National Securities Depository Limited, together with its subsidiaries, provides depository services in India. It operates through Depository, Database Management Services, and Banking Services segments. It is in Financial Data & Stock Exchanges, based in Mumbai, India.
Does National Securities Depository pay a dividend?
Yes. At today's price the dividend is 0.3% a year, about 11% of its yearly profit. In 2026 it paid out ₹399 million in dividends.
Is National Securities Depository stock halal?
Yes. National Securities Depository passes our halal screen: its business is permitted and its debt is 0.1% of its market value, under the 30% limit. How we check
How has National Securities Depository stock done over the past year?
Down 27.1% over the past twelve months, to ₹787.15. It traded between ₹699.80 and ₹1,081.40 and is 27.2% below its high.
Who are National Securities Depository's competitors?
The largest listed companies in the same industry are S&P Global, CME Group, Intercontinental Exchange and Moody's. The peers table on this page compares their profit, growth and price with National Securities Depository's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.