Central Depository Services (India) Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for CDSL, Central Depository Services (India) Ltd.

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Central Depository Services (India) Ltd.

11 Aug 2026

1349.40

3.88%

Higher costs lead to lower-than-expected operating leverage

Sell: Central Depository Service...

Recommendation Target

ICICI Securities Limited

Depositories remain a structural play on India’s capital markets, buoyed by higher retail participation and distinguished by a mix of annuity and transaction-based business.

Central Depository Services (India) Ltd. is trading below its 30 day SMA of 1365.9

Central Depository Services (India) Ltd.

03 Aug 2026

1349.40

3.88%

Operating performance in line; other income drives PAT beat

Neutral: Central Depository Service...

Target

Motilal Oswal

CDSL’s operating revenue rose 13% YoY/11% QoQ to INR2.9b (in line). Standalone depository income grew 11% YoY/16% QoQ to INR2.5b.

Central Depository Services (India) Ltd.'s price crossed above 200Day SMA today

Central Depository Services (India) Ltd.

12 Mar 2026

1349.40

3.88%

Absent operating leverage due to costs; earnings growth dependent on market momentum

Hold: Central Depository Service...

Target

ICICI Securities Limited

Depositories remain a structural play on India’s capital markets, buoyed by higher retail participation and distinguished by a mix of annuity and transaction-based business.

Central Depository Services (India) Ltd. is trading above its 200 day SMA of 1337.2

Central Depository Services (India) Ltd.

05 Feb 2026

1349.40

3.88%

Overall, a weak quarter

ipo note: Central Depository Service...

Motilal Oswal

CDSL’s operating revenue rose 9% YoY but declined 5% QoQ to INR3.0b (in line). The sequential decline was due to a 2%/5% drop in annual issuer charges and IPO & corporate action charges to INR1.1b and INR590m, respectively.