Shares Debut with 10% Premium on BSE, Up by 4% Post-Listing

NSDL Share Price Today: National Securities Depository Limited (NSDL) listed its shares on the BSE on August 6. The final issue price for the Initial Public Offering (IPO) was Rs 800 per share. However, when the shares began public trading on the stock exchange, they opened at a premium, listing at Rs 880. This represented a 10 percent jump from the initial price. Throughout the day, the stock’s price continued to rise, reaching an intraday high of Rs 920. This performance allowed investors who were allotted shares in the IPO to make a profit on the listing day.

Market experts suggest a cautious optimism about the stock, advising some investors to sell a portion of their shares to book a quick profit, while others are recommended to hold on to their shares for a longer-term investment.

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NSDL’s Financial Health: Key Ratios Show Positive Trends

A recent analysis of NSDL’s financial data reveals a strong performance with key ratios showing positive trends from the fiscal year 2023 to fiscal year 2025. The report is based on the information from the company’s RHP (Red herring prospectus), which highlishts improvements, profitability, margins and valuation.

Strong Profitability and Margins
The company’s return on assets (ROA), which measures how efficiently NSDL uses its assets to generate profits, grew from 11.2% in FY23 to 11.5% in FY25. Similarly, the return on equity (ROE), a measure of how much profit is generated for ach rupee of shareholder’s equity, saw a notable increase from 16.4% to 17.1% in FY25.

The EBITDA Margin and Net Profit Margin both improved significantly in FY25. The EBITDA Margin jumped from 30.2% in FY24 to 34.5% in FY25, while the Net Profit Margin rose from 21.7% to 24.2% over the same period.

Improving Valuation
The report also indicates a healthier valuation for NSDL. The Earnings Per Share (EPS), has grown steadily from Rs. 11.7 in FY23 to Rs. 17.2 in FY25. The Book Value (BV) per share, representing the net asset value of the company, also increased from Rs. 71.4 to Rs. 100.3 over the three-year period.

The Price-to-Earnings (P/E) ratio and Price-to-Book (P/B) ratio both show a downward trend, which can be seen as a positive sign. The P/E ratio dropped from 68.1 to 46.6, and the P/B ratio decreased from 11.2 to 8.0, indicating that the stock of NSDL is becoming more attractively priced relative to the company’s total earnings and assets.

Shares of National Securities Depository Ltd (NSDL) are up by 3%, indicating good outcomes for the company. The company’s financial health seems to stabilise over the fiscal year, given the company’s Return on Assets (ROA) and Return on Equity (ROE) both show upward trends, reaching 11.5% and 17.1% respectively in FY25.

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Margins also improved, with the EBITDA Margin climbing to 34.5% and the Net Profit Margin to 24.2% in FY25.

The company also has a strong financial base given its balance sheet looks healthy and its stock performance is also well after being listed. The company’s balance sheet also offers a healthy financial position, as its total assets are projected to grow from Rs. 1,601 crore in FY23 to Rs. 2,130 crore in FY25, driven by an increase in Current Investments and Cash and Bank Balances.

Meanwhile, Total Liabilities are also rising, but are supported by strong growth in Total Shareholders’ Funds, which are projected to reach Rs. 1,770 crore by FY25. This suggests that NSDL is expanding its operations while maintaining a solid equity base.

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