NSDL Unlisted Share
National Securities Depository Limited- NSDL
INE301O01023
Listing Status: DRHP Filed
About NSDL Unlisted Share
Overview of NSDL Unlisted Share
Established in August 1996, NSDL stands as one of the world’s largest depositories, managing the majority of securities held and settled in dematerialized form within the Indian capital market. Despite India’s longstanding and dynamic capital market, which spans over a century, the reliance on paper-based settlement methods posed significant challenges. The implementation of the Depositories Act in August 1996 laid the groundwork for NSDL’s establishment. As a SEBI registered Market Infrastructure Institution (MII), NSDL has been instrumental in shaping India’s capital markets, pioneering the concept of dematerialization of securities. Fast forward to March 31, 2023, NSDL has solidified its position as the largest depository in India, leading in terms of issuers, active instruments, market share in demat value of settlement volume, and assets under custody (AUM).
Company Name | NATIONAL SECURITIES DEPOSITORY LIMITED |
Company Type | Unlisted Public Company |
Industry | Depositories |
Registered Address | Mumbai, Maharashtra, India |
Products and Services
- eServices:
- SPEED-e: Submission of Delivery Instructions.
- IDeAS for Clients & CMs: Viewing of Instructions and holding.
- NSDL SPEED-e App: Access balances, download eCAS, Client Master Report, etc.
- SPICE for eDIS & POA: Client mandate for trading obligations.
- STeADY: Electronic Contract notes for institutional clients.
- CMS: Collateral management system for efficient collateral management.
- Issuer Service Offerings:
- e-AGM: Secure participation in General Meetings.
- e-Voting: Electronic voting for shareholder resolutions.
- CP Issuance Platform: Online handling of commercial paper issuance.
- Issuer Portal: Portal for various issuer services including ISIN allocation.
- Security and Covenant Monitoring using DLT: Blockchain-based solution for monitoring bond compliance.
- System Driven Disclosure: System for continual disclosures under SEBI regulations.
- FILM: Central system for FPI registration.
- Corporate Bond Database: Centralized database for corporate bond information.
- Value Added Products: Tax Services, Reference Data Products, e-notice, Bank account update, Email id update.
- Digital Integrations:
- Digital LAS: Secure pledging of securities in demat accounts.
- Demat Account Validation: Authenticity validation of demat accounts.
- MF conversion and Redemption: Electronic conversion and redemption of mutual funds.
- eDIS and margin pledge: Facility for electronic delivery and pledging of securities.
- Open Architecture System: Collaboration with bank-based DPs for trading facility.
Business Overview
- Asset Variety: NSDL manages a diverse range of assets in demat form, including equities (listed and unlisted), funds (mutual funds, REITs, InvITs, AIFs), debt instruments (corporate debt, commercial paper, etc.), and electronic gold receipts.
- Depository Charges: NSDL has introduced a fee structure based on transaction volumes, reducing settlement fees for depository participants as transaction volume increases, thus incentivizing participation.
- Unlisted Securities: NSDL continues to lead in dematerialization, with a significant number of listed and unlisted companies opting for demat services, experiencing a compound annual growth rate (CAGR) of about 16%.
- Custody Value: NSDL's Assets Under Custody (AUC) were ₹423.44 lakh crore, holding 86.83% market share.
- Settlement Value: Securities settlement value reached ₹76.59 lakh crore in FY 2024, with 25,649 crore shares settled.
Overview of Business Initiatives and Progress at NSDL
- Client Accounts:
- 51.15 lakh new accounts were opened in FY 2024, bringing total demat accounts to 5.27 crore.
- Active depository accounts increased to 3.58 crore, a net rise of 43 lakh accounts YoY.
2. Growth in Issuers:
- As of March 2024, 46,018 companies had dematerialised securities through NSDL, growing at a CAGR of ~15% from FY2018 to FY2024.
- Assets Under Custody (AUC) stood at ₹423.44 lakh crore, representing 86.83% market share.
- NSDL's AUC for individuals was ₹65 lakh crore (70% market share), while for NRIs it was ₹4.17 lakh crore (86% market share).
- NSDL held 97.45% market share in demat value of debt securities.
- For listed corporate debt securities, market share was 98.18%, with custody value at ₹41.36 lakh crore.
- Active debt instruments increased from 28,077 in FY2018 to 54,094 in FY2024.
3. Custody
Value:
4. Dominance in Debt Securities:
Management of the Company
Subsidiary/Associate Companies
Insights of NSDL Unlisted Share
Consolidated Financial Highlights:
- Net Revenue from Operations: Increased by 24.09%, from ₹1021.98 Cr in FY 2023 to ₹1268.24 Cr in FY 2024, reflecting strong core business growth.
- Other Income: Grew by 25.17%, from ₹77.83 Cr to ₹97.46 Cr, likely driven by gains from non-core activities.
- EBITDA: Rose by 11.67%, from ₹255.25 Cr to ₹285.03 Cr, indicating improved operational profitability.
- PAT: Increased by 22.86%, from ₹210.08 Cr to ₹258.08 Cr, showing enhanced net profitability after all expenses.
- EPS: Improved by 17.30%, from ₹11.74 to ₹13.77, reflecting higher earnings per share and stronger shareholder value.
Quarterly Result:
DIVIDEND:
The Board of Directors have recommended Dividend of Rs 1 per Equity Share, of the face value of Rs 2 each (i.e. 50%), for the Financial Year ended March 31, 2024 subject to approval of shareholders at the AGM.
Market Share of NSDL:
NSDL has established a strong leadership position in the Foreign Portfolio Investors (FPI) business in India. Currently around 11,200 FPIs are registered with NSDL that constitutes 99.99% market share of the FPI holdings. The number of Issuers registered with NSDL has also been steadily growing and the company continues to maintain its lead in acquiring the number of issuers. During the year 5,028 new issuers were added, taking the total Issuers registered with us to 46,018
NSDL Recognitions:
DRHP/IPO:
NSDL has filed a Draft Red Herring Prospectus (DRHP) with the SEBI in 2023, which has been approved by SEBI on september 2024. This development marks a crucial step towards NSDL planned public offering, reflecting their commitment to growth to continue to serve the nation as a capital markets intermediary
NSDL & CDSL Comparison:
Dividend
The Board of Directors of the company recommended a dividend of ₹1.00 on twenty crore equity shares with a face value of ₹2/- each (i.e., 50%) for FY 2022-23, compared to ₹5.00 per share with a face value of ₹10/- each for FY 2021-22. This recommendation was made for consideration by the shareholders. The dividend distribution resulted in a cash outflow of ₹20.00 crore.
Overview of Capital Market in India
Market Capitalization Growth: NSE's market capitalization experienced a robust Compound Annual Growth Rate (CAGR) of 14% from FY 2017 to FY 2023.
Demat Accounts: Demat accounts witnessed an extraordinary surge from 27.85 million to 114.50 million, representing a remarkable CAGR of 26.57%, reflecting increased participation and interest in the capital markets.
Mutual Fund Assets Under Management (AUM): Mutual fund AUM surged from ₹17,456 billion to ₹39,420 billion, showcasing substantial growth in investor participation in mutual fund investments.
Systematic Investment Plans (SIP): SIP contributions grew at an impressive CAGR of 24%, reaching ₹1,560 billion, indicating a growing trend of regular investments among retail investors.
NSE Cash and Equity Derivatives Markets: Turnovers in both NSE cash and equity derivatives markets saw significant growth, with turnovers rising at 15% and 85% CAGR respectively, highlighting increased trading activity and market depth.
Sensex and Nifty Performance: Sensex and Nifty indices reached multiyear highs, with Sensex touching 58,992 and Nifty at 17,360 as of March 31, 2023, demonstrating resilience amid intermittent corrections and overall bullish sentiment in the market.
Depository Statistics for NSDL and CDSL witness a steady growth trajectory
Securities such as common equity shares, preferential shares, mutual fund units, debt instruments, government securities, certificates of deposit, commercial papers and others are available to be held in electronic or dematerialized (demat) form by the investors. The number of companies having their securities in demat form have seen an increase from 17,835 in Financial Year 2017 to 40,987 in Financial Year 2023 seeing a growth at 15% CAGR for NSDL and 9,887 to 20,323 from Financial Year 2017 to Financial Year 2023 growing at a 13% CAGR for CDSL.
Amongst the depositories, NSDL holds a dominant market share in terms of progress in dematerialisation
NSDL holds a higher share compared to CDSL amongst the two depositories across the number of companies available for demat, the quantity and value of securities held in demat form.
Strategic Advantages of NSDL:
- Number of DP service centres grew at CAGR of 14% for NSDL to 59400 from 30385 in FY18-23 compared to 1% for CDSL for same period.
- NSDL enjoys higher share in investor's accounts (other than residents individuals).
- The number of companies with securities dematerialized form grew at a CAGR of about 16% for NSDL and 14% for CDSL between FY2018-23.
- Currently, total of 40987 companies are listed on NSDL compared to 20323 on CDSL. While in unlisted space, NSDL has higher market share (~71.23% as of FY23) in number of unlisted companies registered with it.
- Also, NSDL has maximum market share of 90% in demat value (equity) of unlisted companies registered with it.
- NSDL market share in total demat value is 88.39% with demat value amounting to Rs 302 trillion as of FY2023.
- The average value of assets (held in Demat accounts with NSDL) stands Rs 9.61 mln per demat compared to industry average Rs 1.38 mln and much higher than CDSL.
Peer Comparison NSDL VS CDSL
(as on 24.04.2024)
Particulars | NSDL | CDSL |
Total Income | 1366 | 907 |
EBITDA | 410 | 584 |
PAT | 275 | 420 |
Net Profit Margins | 20% | 46% |
EPS | 13.77 | 20 |
CMP (Oct, 2024) | 1050 | 1500 |
Market Cap | 21,300 | 31,800 |
P/E | 77 | 60 |
P/S | 15.6 | 35 |
NSDL IPO Plans
NSDL previously filed for a DRHP on July,2023 offering an OFS of 5.7 crore shares at a valuation of 15,000 crore with size expected around 3,000 crore. SEBI has put the IPO of NSDL in abeyance due to the pending investigation against NSE which is the primary shareholder of NSDL.As per the news NSDL’s IPO is expected in FY-24.
Milestones of NSDL
- 2018: Launch of Digital Loan Against Shares facility for banks, revolutionizing lending practices in the financial sector.
- 2020: The value of securities held in dematerialized form at NSDL surpasses ₹200 lakh crores, reflecting the increasing trust and adoption of digital securities.
- 2021: The value of securities held in dematerialized form at NSDL crosses ₹300 lakh crores (equivalent to $4 trillion), marking a significant milestone in the digitization of India’s capital markets and launch of Digital Commercial Paper Issuance process, streamlining and modernizing the issuance of commercial papers.
- 2022: Introduction of a blockchain-based market platform to manage and monitor the security & covenant related to the issuance of bonds, enhancing transparency and efficiency in bond markets and release of a commemorative postage stamp on NSDL’s Silver Jubilee Celebration, recognizing its significant contribution to the financial sector.
- 2023: “Market ka Eklavya” initiative crosses 250+ programs, demonstrating NSDL’s commitment to education and empowerment within the financial community. Launch of T + 1 rolling settlement cycle in the equity market, optimizing trade settlement processes and enhancing market efficiency.
- Ms. Padmaja Chunduru, MD & CEO, received Business Today’s “Most Powerful Women in Business Award” from Honorable Minister Ms. Smriti Irani.
- Ms. Padmaja Chunduru, MD & CEO, was felicitated as India’s Best CEO – BFSI at Business Today’s Best CEO Award by Honorable Minister Mr. Piyush Goyal.
- Ms. Padmaja Chunduru, MD & CEO, was honored at the Women Directors Conclave 2022 by Ms. Ekta Kapoor.
- Ms. Padmaja Chunduru, MD & CEO, was awarded Fortune India’s “India’s Most Powerful Women (MPW) in Business” by Honorable Minister Ms. Smriti Irani.
- Mr. Pramit Sen, CHRO, received the HR Innovator and HR Topmost Leader award.
- Mr. Vishal Gupta, Head – Digital Products and Service, was awarded the Big CIO Awards – Top 100 Innovators at the 12th Edition of Big CIO Show.
- Mr. Sunil Batra, CTO, was honored with the Top 100 BFSI Leader in India award.
- NSDL won the Best Blended Learning Strategy Award at the #LnDConfex2023.
Financial Charts of NSDL Unlisted Share
Balance Sheet of NSDL Unlisted Share
Profit and Loss of NSDL Unlisted Share
Ancillary of NSDL Unlisted Share
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of NSDL Unlisted Share
-
How to buy National Securities Depository Limited- NSDL?
Below are three ways through which you can purchase National Securities Depository Limited- NSDL:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy National Securities Depository Limited- NSDL, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
How to sell National Securities Depository Limited- NSDL?
Below are three ways through which you can sell National Securities Depository Limited- NSDL:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell National Securities Depository Limited- NSDL, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
What is the price of National Securities Depository Limited- NSDL?
We provide a two way quote on all the shares we deal in. Your buy price for National Securities Depository Limited- NSDL is ₹1166 and your sell price for National Securities Depository Limited- NSDL is ₹900. The price is based on our estimates and market conditions.
-
What is the lock-in period of National Securities Depository Limited- NSDL?
The lock-in period for National Securities Depository Limited- NSDL varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of National Securities Depository Limited- NSDL
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of National Securities Depository Limited- NSDL
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
-
How is the National Securities Depository Limited- NSDL price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of National Securities Depository Limited- NSDL. The price is also determined from the most recent funding round for National Securities Depository Limited- NSDL. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
-
What are the lot sizes of National Securities Depository Limited- NSDL?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of National Securities Depository Limited- NSDL with us kindly click here.
-
What are the financials of National Securities Depository Limited- NSDL?
The financials of National Securities Depository Limited- NSDL which includes the P/L of National Securities Depository Limited- NSDL and the Balance Sheet of National Securities Depository Limited- NSDL is in the financials section (Click on link).
-
Where can I find the annual report of National Securities Depository Limited- NSDL?
The annual report of National Securities Depository Limited- NSDL is available in the annual report section (Click on link).
-
Is buying National Securities Depository Limited- NSDL legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
-
Short-term Capital Gain taxes to be paid on National Securities Depository Limited- NSDL?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
-
Long-term Capital Gain taxes to be paid on National Securities Depository Limited- NSDL and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
-
Applicability of Taxes on National Securities Depository Limited- NSDL once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source National Securities Depository Limited- NSDL?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying National Securities Depository Limited- NSDL from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
Press of NSDL Unlisted Share
Featured Blogs of NSDL Unlisted Share
Annual Report of NSDL Unlisted Share
Company Information of NSDL Unlisted Share
Stay Connected.
Registered Address
73A, GC Avenue, Kolkata -13Corporate Address
Y-19, 90 DEGREES Magnus, EP Block,Sec V, Kolkata 700091Chennai Office
19/10, Guru Vappa Chetty Street, Chintadripet, Chennai - 600002
Dubai Office
2701, Executive Tower G, Business Bay, Dubai, UAE
Andhra Pradesh & Telangana Office
54-19-25/1, Flat no.101, Sai Residency, Nelson Mandela Park Road, LIC Colony, Vijayawada (Urban), Andhra Pradesh - 520008Altius Investech