The shares of the central securities depository gained up to 2 percent after the company’s board of directors considered and approved to issue bonus shares in the ratio of 1:1.
Central Depository Services (India) Ltd has a market capitalization of Rs 25,169.87 crore, the shares were trading at Rs 2,408.60 per share, decreasing around 1.21 percent as compared to the previous closing price of Rs 2,438.00 apiece.
According to the company filing, Central Depository Services (India) Ltd’s board of directors has recommended the issuance of Bonus Shares to the Shareholders of the Company in the ratio of 1:1 i.e. 1 new fully paid-up Equity Share of ₹ 10 each for every 1 existing fully paid-up Equity Share of ₹ 10 each to the eligible Shareholders of the company.
Looking forward to the company’s financial performance, revenue increased by 92 percent from Rs 125 crore in Q4FY23 to Rs 241 crore in Q4FY24. During the same time frame, net profit increased by 104 percent from Rs 63 crore to Rs 129 crore.
The stock has given a return of 32.76 percent in just six months and a multi-bagger return of 109.56 percent in a year. If an individual invested Rs 1 lakh a year ago, it would now be worth Rs 2.09 lakh.
As of March 2024, the firm’s shareholding pattern stood at 15 percent for promoters, 45.51 percent for the public, 18.16 percent for foreign institutional investors, and 21.33 percent for domestic institutional investors.
The company’s profitability measures show an incline in return on equity (RoE) from 22.73 percent in FY 22-23 to 28.64 percent in FY 23-24, while, during the same period return on capital employed (RoCE) increased from 29.04 percent to 36.14 percent. In contrast, the net profit margin (NPM) was 51.78 percent in fiscal year 23-24.
Central Depository Services (India) Limited is an India-based corporation that offers depository and data processing services, among other things. The company is divided into three segments: depository, data entry and storage, and repository.
Written by:- Abhishek Singh
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