Synopsis:
NSDL is a professionally managed company with no promoter; major shareholders include IDBI Bank, NSE, HDFC Bank, and SUUTI as of December 2024.
Established in August 1996, the National Securities Depository Limited (NSDL) is one of the world’s largest depositories and a SEBI-registered market infrastructure institution. It is the largest depository in India in terms of the number of issuers & active instruments, market share in demat value of settlement volume and value of assets held under custody.
As of December 2024, NSDL have a network of 63,542 service centres through its Depository Participants (DPs), surpassing the 17,883 centres affiliated with CDSL. NSDL is engaged in the business of providing a wide range of services to investors, stock brokers, custodians, issuer companies, etc., through its nationwide network of depository partners.
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When compared to CDSL, NSDL holds a higher share in terms of the number of companies available for demat, as well as the quantity and value of securities held in demat form.
During the nine months ended December 2024, NSDL’s market share stood at 71.40 percent of all unlisted equity companies registered with a depository and handled 65.05 percent of the total value of shares settled in demat form.
This article explores more about the company’s shareholding pattern and who the largest shareholders are in the company:
Shareholding Structure
NSDL is a professionally managed company and does not have an identifiable promoter. As per the shareholding pattern as of December 2024, the major shareholders include IDBI Bank Limited holding a 26.1 percent stake, National Stock Exchange of India (NSE) Limited with a 24 percent stake, HDFC Bank Limited with a 7.95 percent stake, and the Administrator of the Specified Undertaking of the Unit Trust of India – Unit Scheme 1964 holding a 6.83 percent. NSDL is set to launch an IPO of up to 5 crore equity shares of face value of Rs. 2 each, through an offer for sale.
Currently, both IDBI Bank and NSE hold equity stakes exceeding the maximum permissible limit of 15 percent as prescribed under SEBI’s Depositories and Participants (D&P) Regulations. Accordingly, they are required to mandatorily reduce their respective shareholdings in NSDL to comply with the requirements.
Financial Performance Overview (9M FY25)
During the nine months ended FY25, NSDL reported revenue of Rs. 1,141.4 crores, representing a decline of around 16 percent compared to Rs. 1,365.7 crores recorded in 9M FY24. Likewise, the company also witnessed a marginal contraction in the net profit by around 6 percent from Rs. 275.4 crores to Rs. 259.8 crores over the same period.
Despite the decline in revenue and profitability, the company’s total assets improved by around 25 percent to Rs. 2,824 crores in 9M FY25, up from Rs. 2,257.7 crores recorded in 9M FY24.
Written by Shivani Singh
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