NSDL IPO Reality Check | NSDL vs CDSL | CA Rachana Ranade
Published: 2025-07-25
Status:
Available
|
Analyzed
Published: 2025-07-25
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The IPO price band for NSDL is set between 760 and 800 rupees per share, representing a 22% discount to its gray market premium.
"NSDL IPO price band set at 760 to 800 per share 22% discount to its gray market premium."
Correct
NSDL's share price reached a peak of 1,275 rupees on June 12, 2025.
"this share of NSDL was at a recent peak of 1,275 rupees on June 12th 2025."
Unrated
The IPO price band for NSDL is set between 760 to 800 rupees per share.
"the price band that it has come up with is 760 to 800 per share."
Correct
The depository business in India is a duopoly, with only two major players: NSDL and CDSL.
"this entire depository business in India is a duopoly business. Two major players NSDL CDSL."
Correct
NSDL's revenue primarily comes from banking services (50.69%), followed by depository services (43.56%).
"majority of the revenue comes from banking services not from depository services. ... it comes from banking services which is 50.69%. Second highest is depository with 43.56%."
Pending
Depository services contribute 91.32% of NSDL's total profit, while banking services contribute only 1%.
"depository brings in 91.32% of the profitability. ... banking services only 1% of the total profit is what banking services are contributing."
Pending
The total number of depository clients grew at a CAGR of 27.4% between 2017 and 2025.
"total clients grew at 27.4% CG between 2017 to 2025."
Pending
Total client accounts in the depository sector are expected to grow at an 11-12% CAGR from FY25 to FY27.
"going forward financial year 25 to 27 it is expected that these accounts total client accounts will grow at a good enough pace of 11 to 12% CAGR."
Pending
In 2020, NSDL held an 81.6% market share compared to CDSL's 18%. By 2021, CDSL's share rose to 31% while NSDL's dropped to 69.09%.
"NSDL up to 2020 they were having 81.6% market share. CDSL only 18% market share. And if you check here in 2021 what happened from 18% directly to almost 31%. And NSDL dropping from 81.5% to 69.09%."
Correct
There was a significant shift in market share between NSDL and CDSL within two years, with NSDL dropping from 81.5% to 64% and CDSL increasing from 18% to 35%.
"How did it go from 81.5% to 64% and from 18% to 35% within two years?"
Correct
Major discount brokers like Zerodha, Groww, Angel One, and Paytm Money partner with CDSL for their depository services, not NSDL.
"zeroda grow a stocks angel one all PTM money all these are discount brokers and none of them are having their partnership with NSDL for their depository services all of them have a partnership with CDSL"
Correct
Increased participation in capital markets is predicted to benefit depositories.
"rising capital market participation is going to be beneficial for depositories."
Correct
India's young demographic is expected to lead to increased earnings, savings, and consequently, more investment.
"favorable demographics majority everyone knows that India is a young country and with young country people are going to earn more more earning is equal to more saving more saving is equal to people are going to invest more"
Correct
NSDL's PAT margins have remained relatively steady, generally ranging between 43% and 45%.
"NSDL has been more or less steady from 36% 37% jump to 45% ... now 42.96 is almost 43% 43% to 45% is the range in which we can see uh the PAT margins for NSDL"
Pending
NSDL's operating profit margin for depository services is 50.21%, while for banking services it is 0.51%.
"depository services at 50.21% and banks operating profit margin is at 0.51%."
Pending
NSDL's consolidated PAT margin is 22.35%.
"consolidated pack margin from uh the overall I mean at overall level 22.35%."
Unrated
CDSL has a better Earnings Per Share (EPS) compared to NSDL.
"If you check EPS CDSL has better EPS as compared to NSDL."
Correct
CDSL's overall Profit After Tax (PAT) is higher than NSDL's PAT.
"If you check about overall PAT CDs PAT is better than NSDL PAT."
Correct
NSDL has a higher net worth compared to CDSL.
"NSDL net worth is higher as compared to uh CDSL."
Correct
NSDL's Price-to-Earnings (PE) ratio is 46.63.
"NSDL PE ratio is okay is at 46.63."
Pending
The NSDL IPO is a 100% offer for sale, meaning no proceeds will go to the company itself.
"100% offer for sale. Whatever money is collected none of that goes to the company. ... 100% OFS"
Correct