NSDL Share Price Today
Every time you buy a share of Reliance, TCS, or Infosys — every time your mutual fund unit gets credited, every time a government bond settles, every time a corporate action like a dividend or bonus hits your demat account — NSDL is the invisible infrastructure that makes it happen. National Securities Depository Limited is not a glamorous company. It does not have a consumer brand that most Indians recognise. It does not run campaigns during the IPL. And yet, it is arguably the most mission-critical piece of India’s financial market architecture — the entity that holds custody of securities worth trillions of rupees and settles millions of trades every single day.
NSDL Share Price Today
In July 2025, NSDL finally listed on Indian exchanges after years of waiting — raising approximately $458 million in an IPO priced at ₹760–₹800, listing at ₹880, and surging to a high of ₹1,425 within weeks. Today, in May 2026, the stock is back at ₹864–₹880 — down 39% from its peak, yet reporting record FY26 results. This is the question every investor is now asking: is this a value opportunity or a value trap?
NSDL Share Price Today
NSDL Share Price Today — Live Snapshot (May 7, 2026)
NSDL Share Price Today
Price (May 7)
₹864–₹880
52-week high
₹1,425.00
52-week low
₹788.00
Market cap
~₹17,358 Cr
P/E ratio
45.71x
1-year return
-7.72%
NSE: NSDL | BSE: 544467 | IPO listing: Aug 6, 2025 at ₹880 | P/B: 7.09–7.7x | FY26 EPS: ~₹19 | Dividend: ₹4/share (FY26) | 50 DMA: ₹890.11 | Debt: Almost zero | Promoter: 0% (public institution — no single promoter)
NSDL Share Price Today
What Is NSDL? — The Infrastructure Behind Every Demat Account
NSDL Share Price Today
National Securities Depository Limited (NSDL) is India’s first and largest central securities depository — a SEBI-registered Market Infrastructure Institution (MII) incorporated in 1995 and headquartered in Mumbai’s Bandra Kurla Complex. It pioneered the dematerialisation of securities in India when it commenced operations in November 1996 — ending the era of physical share certificates that could be stolen, forged, or lost.
NSDL Share Price Today
NSDL’s role in India’s financial ecosystem is irreplaceable and non-negotiable:
- Dematerialisation of securities: Converting physical shares into electronic form — the foundational infrastructure of India’s modern capital market
- Settlement of trades: Electronic settlement of all securities trades executed on stock exchanges — ensuring buyer gets shares and seller gets money, seamlessly
- Demat account services: Account maintenance, transmission, nomination, auto delivery, dividend distribution — all through 65,391 depository participant service centres nationwide
- Stock lending and borrowing: SLB mechanism allowing institutional investors to lend idle securities for a fee
- Insurance Repository (IR): NSDL Database Management Limited (NDML) — a subsidiary — operates the insurance repository, managing insurance policies in electronic form. As of March 31, 2026: 154 lakh insurance policies and 43.5 lakh deposit account holders
- NSDL Payments Bank (NPBL): A wholly-owned subsidiary that operates as a payments bank — recently diluted by 4.95% to Protean eGov Technologies
The IPO Story — From ₹800 to ₹1,425 and Back to ₹864
NSDL Share Price Today
NSDL’s listing story is one of the most anticipated in India’s financial market history — and its post-IPO trajectory is the key to understanding where the stock sits today.
- July 30, 2025: NSDL launched its IPO at ₹760–₹800 price band — fully subscribed within hours, raising ~$458 million. The IPO reduced holdings of IDBI Bank and NSE under regulatory ownership caps.
- August 6, 2025: Listed on NSE and BSE at ₹880 — a 10% premium to IPO price. Market cap surged, crossing ₹26,600 crore at peak.
- Post-listing rally: Stock surged to an all-time high of ₹1,425 within weeks of listing — driven by IPO euphoria, scarcity premium (only two depositories in India), and institutional demand.
- May 2026: Stock has corrected 39% from its peak to ₹864–₹880 — now trading near its IPO listing price, despite delivering record FY26 results. This correction is what has reignited the value debate.
FY26 Record Results — The Numbers (April 30, 2026)
NSDL Share Price Today
FY26 Net Profit
₹379.74 Cr
+10.67% YoY ↑
FY26 Revenue
₹1,529.96 Cr
+7.73% YoY ↑
Q4 FY26 Net Profit
₹90.11 Cr
+8.18% YoY ↑
Q4 Revenue
₹458.26 Cr
+26% YoY ↑
Insurance policies
154 Lakh
+33.5L new in FY26 ↑
FY26 Dividend
₹4/share
Recommended by Board
NSDL Share Price Today
Q4 FY26 revenue surging 26% YoY while full-year net profit grows 10.67% — this is a business whose volumes are growing strongly as India’s demat account and capital market participation base continues to expand. And yet the stock is 39% below its peak. The disconnect between operational strength and share price performance is the central puzzle of the NSDL investment story right now.
NSDL Share Price Today
Key Financial Metrics — Full Snapshot (May 2026)
NSDL Share Price Today
| Metric | Value |
|---|---|
| Share price (May 7) | ₹864–₹880 |
| Market cap | ~₹16,807–₹17,358 Crore |
| P/E ratio | 45.71x |
| P/B ratio | 7.09–7.7x |
| FY26 Revenue | ₹1,529.96 Crore (+7.73% YoY) |
| FY26 Net Profit | ₹379.74 Crore (+10.67% YoY) |
| Dividend (FY26) | ₹4/share recommended |
| 50 DMA | ₹890.11 (stock below 50 DMA) |
| 6-month return | -18.34% |
| Debt status | Almost debt free |
| Shareholding structure | FII: 14.4% | DII: 37.63% | Public: 47.96% |
| DP service centres | 65,391 (vs CDSL’s 18,918) |
NSDL Share Price Today
NSDL vs CDSL — India’s Two Depository Duopoly
NSDL Share Price Today
India has exactly two depositories — NSDL and CDSL (Central Depository Services Limited). This duopoly is one of the most important structural facts about both businesses — no new entry, no competition threat, regulated by SEBI, essential infrastructure:
NSDL Share Price Today
| Factor | NSDL | CDSL |
|---|---|---|
| Share price (May 2026) | ₹864–₹880 | ~₹1,400–₹1,500 |
| Market cap | ~₹17,358 Crore | ~₹30,000 Crore+ |
| DP service centres | 65,391 (3.5x more) | 18,918 |
| Largest by assets under custody | Yes — #1 by demat value | Higher demat accounts count |
| P/E ratio | 45.71x (lower) | 60–75x (higher) |
| Listed since | August 2025 (new) | 2017 (established) |
| Retail account growth focus | Institutional and wholesale focus | Strong retail account growth |
NSDL Share Price Today
The NSDL discount to CDSL on both market cap and P/E is the central valuation question. NSDL holds more assets under custody by value — but CDSL has more demat accounts by count, particularly among retail investors who opened accounts during the post-COVID trading boom. The bull case for NSDL is that the valuation discount narrows as institutional investors recognise that NSDL’s infrastructure superiority (65,391 vs 18,918 service centres) and balance sheet strength deserve a premium rather than a discount.
NSDL Share Price Today
Why NSDL Stock Has Fallen 39% From Peak — The Honest Analysis
NSDL Share Price Today
- IPO listing premium unwinding: The stock listed at ₹880 and surged to ₹1,425 — driven by scarcity and IPO euphoria. Stocks often correct post-listing once initial excitement fades. The stock is now back near its IPO listing price.
- Demat account growth slowdown: After the COVID-era boom when crores of new demat accounts opened monthly, the pace of new account additions has normalised — directly impacting NSDL’s transaction volume growth rate.
- Market-wide correction: The broader Indian market has been volatile in 2025–26 — affecting all newly listed stocks disproportionately as institutional investors reduced risk.
- Regulatory pricing pressure: As a SEBI-regulated MII, NSDL cannot freely set its own fees — any regulatory cap on depository charges directly impacts revenue growth ceiling.
- Debtor days rising: Debtor days have increased from 32.7 to 40.8 — a flag that collections are slightly slower, worth monitoring over the next 1–2 quarters.
Should You Buy NSDL Stock at ₹864–₹880?
NSDL Share Price Today
Bull case
NSDL Share Price Today
NSDL is irreplaceable Indian financial infrastructure — a regulated duopoly with no competitive threat possible. FY26 results are strong. Trading near IPO listing price with record profits means the business is delivering while the stock has reset to realistic levels. 65,391 service centres vs CDSL’s 18,918 is a structural moat. As India’s financial inclusion drive deepens, both depositories will grow — NSDL’s infrastructure advantage should eventually command a premium. Debt-free balance sheet and ₹4 dividend make the wait comfortable.
NSDL Share Price Today
Bear case
NSDL Share Price Today
P/E of 45.71x is not cheap for a slow-growth utility business — CDSL trades higher but has stronger retail account growth momentum. Demat account addition pace has slowed. OPM declining from 25% to 40% range (OPM went from 40.25 to 25.09 — a significant compression). Regulatory risk is ever-present for MIIs. Stock is below 50 DMA — no technical momentum.
NSDL Share Price Today
Verdict
NSDL Share Price Today
NSDL is a quality business at a price that has normalised after IPO hype. For long-term investors, accumulating near IPO listing price (₹860–₹900) with a 3–5 year view is a reasonable strategy. Not a momentum play — a patient infrastructure holding. Compare with CDSL before deciding which depository stock to own.
NSDL Share Price Today
How to Buy NSDL Shares
NSDL Share Price Today
- Open a Demat account with Zerodha, Groww, 5paisa, Dhan, INDmoney, or Kotak Neo
- Search ticker NSDL on NSE or scrip code 544467 on BSE
- Compare with CDSL share price before deciding — both are valid long-term plays but with different growth profiles
- Set a stock SIP to accumulate monthly — averaging your entry across the current base-building phase
- Watch Q1 FY27 results for demat account addition trends and margin recovery signals
Disclaimer: This article is for informational and educational purposes only. Share prices, financial data, and metrics are sourced from publicly available information as of May 7, 2026, and are subject to change. This does not constitute investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions. Past performance is not indicative of future returns.
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