Add Central Depository Services (India), target price Rs 1260: HDFC Securities

HDFC Securities has add call on Central Depository Services (India) with a target price of Rs 1260. The current market price of Central Depository Services (India) Ltd. is Rs 1229.05. Time period given by analyst is one year when Central Depository Services (India) Ltd. price can reach defined target.

Central Depository Services (India) Ltd., incorporated in the year 1997, is a Small Cap company (having a market cap of Rs 12831.03 Crore) operating in Financial Services sector.

Central Depository Services (India) Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 169.94 Crore, up 16.15 % from last quarter Total Income of Rs 146.30 Crore and up 2.90 % from last year same quarter Total Income of Rs 165.15 Crore. Company reported net profit after tax of Rs 82.18 Crore in latest quarter.

The company’s top management includes Mr.Balkrishna V Chaubal, Mr.Nehal Vora, Mr.Nayan Mehta, Mr.P Masil Jeya Mohan, Prof.Umesh Bellur, Prof. (Dr)Bimalkumar N Patel, Mrs.Preeti Saran, Mr.Sidhartha Pradhan. Company has S R Batliboi & Co LLP as its auditors. As on 30-06-2022, the company has a total of 10 Crore shares outstanding.



Promoter/FII Holdings
Promoters held 20.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.77 per cent, DIIs 18.92 per cent.