National Securities Depository Peer Comparison

National Securities Depository Ltd. (NSDL) demonstrates potential as a deep value pick in the Depository Services industry, exhibiting strong profitability metrics despite its relatively high valuation ratios. In comparison with peers, NSDL's profitability is notable, but it lacks growth momentum, making it less attractive in terms of growth compared to companies like CDSL and CAMS. However, its low debt levels position it favorably against financially weaker competitors.

• • NSDL shows a strong ROE of 18.61% with zero debt, making it financially stable.
• • The valuation ratios (PE of 98.84) suggest it may be overvalued relative to peers, particularly CAMS and CDSL, which have better growth and profit margins.
• • Revenue growth has been stagnant YoY (0%), indicating a need for strategic improvement in growth initiatives.

• • Central Depository Services (India) Ltd.: Highest revenue growth YoY (33.23%) and 3-Year (33.20%), with strong profitability metrics.
• • Computer Age Management Services Ltd.: Top ROE (44.15%) and EPS growth (95.04), indicating excellent profitability and efficiency.