• NSDL has filed its DHRP, leading to market concerns that investors might shift their funds to NSDL, potentially affecting CDSL.
(We'll be sharing a detailed comparison for NSDL and CDSL in the comments section below. Feel free to follow us for the updates.)
Now CDSL:
• In the last 13 months, it's formed a beautiful Flag Pole pattern. The breakout of which is already done.
• The 1000 level + 50% Fibo level provided support during its momentum.
• Volumes increased during the rally, which is a positive sign.
• It faces a crucial resistance zone the break and sustenance of which will be necessary.
• Now if you are worried about the funds flowing to NSDL, Remember what happened to BSE when NSE announced its IPO – it literally doubled in value. NSDL's valuation will play a crucial role in boosting CDSL's momentum.
• Duopolies, like Ola and Uber, Airtel and Jio, Swiggy and Zomato, Amazon and Flipkart, tend to fare well. CDSL and NSDL too can coexist.
• Do you know who else can and must Coexist? YOU and WE! Follow us for such interesting Case studies.
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Comment:
Here is quick inference from the above data:
Revenue:
NSDL's revenue has shown a consistent increase over the past three years, with Rs 1022 crore in FY23, Rs 761 crore in FY22, and Rs 468 crore in FY21.
CDSL's revenue has also increased over the years, but the growth seems to be more moderate compared to NSDL, with Rs 555 crore in FY23, Rs 551 crore in FY22, and Rs 344 crore in FY21.
Operating Profit:
NSDL's operating profit has experienced fluctuations, but it has generally increased from Rs 206 crore in FY21 to Rs 255 crore in FY23.
CDSL's operating profit has shown variations as well, with the highest in FY22 at Rs 366 crore but decreased to Rs 319 crore in FY23.
Margin:
NSDL has maintained a relatively stable margin over the years, ranging from 24% to 44%.
CDSL's margin has been higher compared to NSDL, fluctuating between 57.5% and 66.4% during the same period.
Profitability:
Both NSDL and CDSL have seen an upward trend in profitability, but CDSL has consistently outperformed NSDL in terms of profit figures.
Market Share of Active Demat Accounts:
NSDL has shown growth in the number of active demat accounts, with 3.15 crore accounts in FY23, 2.7 crore in FY22, and 2.2 crore in FY21.
CDSL has also experienced an increase in the number of active demat accounts, with 8.3 crore accounts in FY23, 6.3 crore in FY22, and 3.3 crore in FY21. CDSL has consistently maintained a larger market share in this regard.
Companies' Demat Accounts:
NSDL has consistently held a higher number of companies' demat accounts compared to CDSL over the years, and the gap between the two has been increasing.
In summary, both NSDL and CDSL have shown overall growth in their financial performance, but CDSL seems to have achieved higher profitability and market share in terms of active demat accounts. However, NSDL still maintains a lead in the number of companies' demat accounts.
Revenue:
NSDL's revenue has shown a consistent increase over the past three years, with Rs 1022 crore in FY23, Rs 761 crore in FY22, and Rs 468 crore in FY21.
CDSL's revenue has also increased over the years, but the growth seems to be more moderate compared to NSDL, with Rs 555 crore in FY23, Rs 551 crore in FY22, and Rs 344 crore in FY21.
Operating Profit:
NSDL's operating profit has experienced fluctuations, but it has generally increased from Rs 206 crore in FY21 to Rs 255 crore in FY23.
CDSL's operating profit has shown variations as well, with the highest in FY22 at Rs 366 crore but decreased to Rs 319 crore in FY23.
Margin:
NSDL has maintained a relatively stable margin over the years, ranging from 24% to 44%.
CDSL's margin has been higher compared to NSDL, fluctuating between 57.5% and 66.4% during the same period.
Profitability:
Both NSDL and CDSL have seen an upward trend in profitability, but CDSL has consistently outperformed NSDL in terms of profit figures.
Market Share of Active Demat Accounts:
NSDL has shown growth in the number of active demat accounts, with 3.15 crore accounts in FY23, 2.7 crore in FY22, and 2.2 crore in FY21.
CDSL has also experienced an increase in the number of active demat accounts, with 8.3 crore accounts in FY23, 6.3 crore in FY22, and 3.3 crore in FY21. CDSL has consistently maintained a larger market share in this regard.
Companies' Demat Accounts:
NSDL has consistently held a higher number of companies' demat accounts compared to CDSL over the years, and the gap between the two has been increasing.
In summary, both NSDL and CDSL have shown overall growth in their financial performance, but CDSL seems to have achieved higher profitability and market share in terms of active demat accounts. However, NSDL still maintains a lead in the number of companies' demat accounts.
Comment:
Purely for educational case study purposes only. Like everybody else, we too can be wrong✌🏻
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News Flash:
- CDSL becomes the first depository to open 9 crore active demat accounts.
- BSE Sold off a 5% stake in CDSL. But that was to comply with SEBI Norms and not to dispose of its investment.
- CDSL becomes the first depository to open 9 crore active demat accounts.
- BSE Sold off a 5% stake in CDSL. But that was to comply with SEBI Norms and not to dispose of its investment.
Comment:
The consolidation at the resistance zone is a good thing. But if it will break the zone is something to wait and watch.
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Updated Price Action:
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CDSL on 🔥🔥
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8% Booster 🚀🚀
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The results are out! Sharing the direct link to it:
x.com/TheCharte...211513008136505?s=20
x.com/TheCharte...211513008136505?s=20
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Crossed 1500 for the first time in a while!
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Beautiful week for CDSL:
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CDSL on FIREEEE!
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New ATH in CDSL ----> 1752. Abki Baar do Hazaaaaar???
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We have come a long way !! Mind the 2000 level though.
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Weekly close is still pending:
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Get Ready !
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| Revenue | | | |
| NSDL | Rs 1022 crore | Rs 761 crore | Rs 468 crore |
| CDSL | Rs 555 crore | Rs 551 crore | Rs 344 crore |
| | | | |
| Operating Profit | | | |
| NSDL | Rs 255 crore | Rs 241 crore | Rs 206 crore |
| CDSL | Rs 319 crore | Rs 366 crore | Rs 212 crore |
| | | | |
| Margin | | | |
| NSDL | 24% | 31.7% | 44% |
| CDSL | 57.5% | 66.4% | 61.6% |
| | | | |
| Profitability | | | |
| NSDL | Rs 235 crore | Rs 213 crore | Rs 189 crore |
| CDSL | Rs 276 crore | Rs 312 crore | Rs 201 crore |
| | | | |
| Market Share of Active Demat Accounts: | | |
| NSDL | 3.15 crore | 2.7 crore | 2.2 crore |
| CDSL | 8.3 crore | 6.3 crore | 3.3 crore |
| | | | |
| Companies' Demat Accounts: | | |
| NSDL | 40,987 | 37,478 | 34,225 |
| CDSL | 20,383 | 18,268 | 16,464 |
Source: Zee Business Research