National Securities Depository Ltd (544467) — FY26 Annual Report | 31 August 2026

· BSE 🔴 High Importance Neutral
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings
📢 Key Event
NSDL reported FY 2025-26 financial results with 13.92% revenue growth to ₹1,529.96 Crore and proposed ₹4/share dividend at AGM
🔄 What Changed
Revenue grew 13.92% YoY to ₹1,529.96 Crore; PAT grew 12.12% to ₹560.28 Crore; market share in AUM reached 86% (₹477.29 Lakh Crore); added 49.37 Lakh net demat accounts
🔮 What's Next
NSDL plans to expand digital infrastructure with 56 new APIs, launch Women's Plan for financial inclusion, and continue T+1 settlement rollout; AGM on September 22, 2026 will vote on ₹4/share dividend
💡 Investor Takeaway
NSDL's strong growth in revenue, market share, and demat accounts positions it as a dominant market infrastructure player with clear digital expansion plans and shareholder-friendly dividend policy

National Securities Depository Ltd (NSDL) reported FY 2025-26 financial performance with consolidated revenue of ₹1,529.96 Crore (13.92% YoY growth), PAT of ₹560.28 Crore (12.12% YoY growth), and operating profit margin of 43.97%. The company achieved 86% market share in assets under custody (₹477.29 Lakh Crore) and 96.54% market share in debt securities demat value. Key strategic initiatives included launching 56 APIs on the NSDL Digital Gateway, introducing the Women's Plan for financial inclusion, implementing T+1 settlement, and expanding digital services like SPEED-e and IDeAS. The company added 59.33 Lakh demat accounts (net increase of 49.37 Lakh), ending with 21.6 Crore active accounts. Leadership appointments included Mr. Subhash Kelkar as Executive Director (Vertical 1) and Mr. Ankit Sharma as Executive Director (Vertical 2), both with five-year terms and SEBI-approved compensation. The 14th AGM is scheduled for September 22, 2026, where a final dividend of ₹4 per share will be proposed. CSR spending reached ₹6.31 Crore, focusing on healthcare, education, and rural development across 28 states. The company emphasized cybersecurity resilience, AI governance frameworks, and investor education initiatives reaching 1.69 Lakh participants.

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About National Securities Depository Ltd (544467)

Financial Services · Financial Services · Listed on BSE

Market Cap: ₹16,247 Cr P/E: 41.8 ROE: 19.4% ROCE: 26.1% Div Yield: 0.49%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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