CDSL to Declare Final and Special Dividend at 26th AGM on August 17, 2024
CDSL will declare a record final and special dividend, with a payout ratio of 70.42%, and propose a bonus share issue, at its 26th AGM on August 17, 2024
by Damodharan N
Updated Jul 27, 2024
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Table of Content
Central Depository Services (India) Limited (CDSL) has announced that its 26th Annual General Meeting (AGM) will be held on Saturday, August 17, 2024, at 11:00 A.M. IST. The meeting will be conducted through video conferencing and other audio-visual means.
During the AGM, shareholders will consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2024. Additionally, the Board of Directors has recommended a final dividend of ₹19 per equity share and a special dividend of ₹3 per equity share to commemorate the company's 25-year silver jubilee celebration. This brings the total dividend to ₹22 per equity share of ₹10 each fully paid up, for the financial year 2023-24, subject to shareholder approval.
This proposed dividend marks the highest in CDSL’s history, with a total cash outflow of ₹22,990 lakh and a dividend payout ratio of 70.42%. The final and special dividends, if approved, will be paid within 30 days of the AGM to shareholders whose names appear on the register of members as of July 16, 2024.
In addition to the dividend declaration, the Board has also recommended the issuance of bonus shares in the ratio of 1:1 to celebrate the company's 25th anniversary. This is the first time CDSL has proposed issuing bonus shares, which aims to enhance shareholder value and increase liquidity of shares. This proposal is also subject to shareholder approval at the AGM.
CDSL AGM Notice Here
CDSL Annual Report 2023-24
Central Depository Services Limited (CDSL) is a leading securities depository in India. Established in 1999, it facilitates the holding and transacting of securities in electronic form.
CDSL offers a range of services including account maintenance for dematerialization, rematerialization, settlement of trades, and facilitation of pledges and hypothecation of securities.
The company caters to various market participants such as investors, brokers, stock exchanges, and issuers, ensuring seamless and secure transactions in the capital markets.
Business Activities and Verticals
CDSL operates through several business verticals:
- Depository Services: Management of electronic securities and associated transactions.
- CDSL Ventures Limited (CVL): Providing KYC services to capital market intermediaries.
- CDSL Insurance Repository Limited (CIRL): Facilitating the holding of insurance policies in electronic form.
- CDSL Commodity Repository Limited (CCRL): Offering electronic holding and settlement of commodity market transactions.
Financial Performance for FY 2023-24
For FY 2023-24, the company achieved significant growth, with a notable increase in both revenue and profit. Consolidated revenue rose to ₹81,225.66 lakh, while standalone revenue reached ₹64,095.70 lakh, reflecting robust operational performance across both segments.
Standalone Performance:
In FY 2023-24, the standalone financial performance showed notable growth, with revenue from operations rising to ₹64,095.70 lakh and profit after tax increasing to ₹36,331.92 lakh. The company effectively managed costs and enhanced its income, resulting in a substantial boost in total comprehensive income.
- Revenue: ₹1,084.94 Crore
- Net Profit: ₹370.18 Crore
- EPS: ₹35.21
Standalone Financial statement
Particulars |
Year ended March 31, 2024 |
Year ended March 31, 2023 |
Revenue from Operations |
64,095.70 (` in Lakh) |
45,059.96 (` in Lakh) |
Other Income |
10,193.31 (` in Lakh) |
9,346.79 (` in Lakh) |
Total Income |
74,289.01 (` in Lakh) |
54,406.75 (` in Lakh) |
Expenditure |
24,887.71 (` in Lakh) |
18,371.53 (` in Lakh) |
Profit before Depreciation, share of Profit/(Loss) from Associates and Taxation |
49,401.30 (` in Lakh) |
36,035.22 (` in Lakh) |
Depreciation and amortisation expenses |
2,121.89 (` in Lakh) |
1,586.33 (` in Lakh) |
Profit before share of net profits of investments accounted for using equity method and tax |
47,279.41 (` in Lakh) |
34,448.89 (` in Lakh) |
Share of Profit/(Loss) of associates |
0.00 (` in Lakh) |
0.00 (` in Lakh) |
Profit before Tax |
47,279.41 (` in Lakh) |
34,448.89 (` in Lakh) |
Taxations |
10,947.49 (` in Lakh) |
7,240.72 (` in Lakh) |
Profit after Tax |
36,331.92 (` in Lakh) |
27,208.17 (` in Lakh) |
Other Comprehensive Income (Net of Tax) |
(209.70) (` in Lakh) |
39.68 (` in Lakh) |
Total Comprehensive Income |
36,122.22 (` in Lakh) |
27,247.85 (` in Lakh) |
Consolidated Financial Performance:
In FY 2023-24, the consolidated financial performance showed substantial improvement, with revenue increasing to ₹81,225.66 lakh and profit after tax rising to ₹41,955.41 lakh. The company successfully enhanced its overall income and managed expenses, leading to a significant boost in total comprehensive income.
- Revenue: ₹1,292.60 Crore
- Net Profit: ₹429.14 Crore
- EPS: ₹40.80
Consolidated Financial statement
Particulars |
Year ended March 31, 2024 |
Year ended March 31, 2023 |
Revenue from Operations |
81,225.66 (` in Lakh) |
55,508.68 (` in Lakh) |
Other Income |
9,504.73 (` in Lakh) |
6,584.83 (` in Lakh) |
Total Income |
90,730.39 (` in Lakh) |
62,093.51 (` in Lakh) |
Expenditure |
32,297.55 (` in Lakh) |
23,187.70 (` in Lakh) |
Profit before Depreciation, share of Profit/(Loss) from Associates and Taxation |
58,432.84 (` in Lakh) |
38,905.81 (` in Lakh) |
Depreciation and amortisation expenses |
2,723.37 (` in Lakh) |
1,948.04 (` in Lakh) |
Profit before share of net profits of investments accounted for using equity method and tax |
55,709.47 (` in Lakh) |
36,957.77 (` in Lakh) |
Share of Profit/(Loss) of associates |
(108.31) (` in Lakh) |
(442.34) (` in Lakh) |
Profit before Tax |
55,601.16 (` in Lakh) |
36,515.43 (` in Lakh) |
Taxations |
13,645.75 (` in Lakh) |
8,919.42 (` in Lakh) |
Profit after Tax |
41,955.41 (` in Lakh) |
27,596.01 (` in Lakh) |
Other Comprehensive Income (Net of Tax) |
(229.23) (` in Lakh) |
162.25 (` in Lakh) |
Total Comprehensive Income |
41,726.18 (` in Lakh) |
27,758.26 (` in Lakh) |
Year-over-Year Analysis:
- Standalone revenue increased by 10.6% from ₹981.20 Crore in FY 2022-23.
- Consolidated revenue grew by 12.8% from ₹1,146.06 Crore in FY 2022-23.
- Standalone net profit saw a growth of 8.5% from ₹341.11 Crore.
- Consolidated net profit increased by 9.4% from ₹392.19 Crore.
Production Sales Milestones
- New Accounts Opened: 3.2 million
- Total Active Accounts: 40 million
- Total Securities Transactions: 1.5 billion
Management's Discussion and Analysis
The Management's Discussion and Analysis section provides a detailed evaluation of CDSL's operational and financial performance during FY 2023-24. It outlines the company's strengths, weaknesses, opportunities, and threats, offering insights into strategic decisions and future plans.
Strengths:
- Market Leadership: CDSL maintains a dominant position in the Indian securities depository market.
- Technological Advancements: Continuous investments in technology enhance service efficiency and security.
- Regulatory Compliance: Strong adherence to regulatory requirements ensures trust and reliability.
Weaknesses:
- Market Dependence: Heavy reliance on the Indian capital markets, making it vulnerable to market volatility.
- Operational Risks: Risks associated with technological failures and cyber threats.
- Regulatory Changes: Potential adverse changes in regulations could impact operations.
- Competition: Increasing competition from other depositories and financial service providers.
Opportunities:
- Market Expansion: Growing demand for digital financial services provides expansion opportunities.
- New Services: Introduction of innovative services like e-insurance and commodity repositories.
Future Outlook
CDSL aims to:
- Expand Digital Services: Enhance and diversify digital offerings to cater to emerging market needs.
- Increase Market Penetration: Focus on increasing the number of active demat accounts.
- Innovation: Invest in cutting-edge technologies to improve service delivery and security.
- Sustainable Growth: Maintain sustainable growth by adapting to market changes and regulatory developments.
CDSL has shown robust financial performance and strategic growth in FY 2023-24. With a strong market position, technological advancements, and a focus on regulatory compliance, the company is well-positioned for future growth. Shareholders can expect continued returns and benefits as CDSL expands its service offerings and strengthens its market presence.
Annual Report Here
CDSL
Central Depository Services Limited (CDSL), established in 1999, aims to provide convenient, reliable, and secure depository services. As a key Market Infrastructure Institution, CDSL supports the capital market by offering essential services to exchanges, clearing corporations, depository participants, issuers, and investors.
The company facilitates the dematerialization and transaction of securities, holding over 10 million investor accounts and a significant volume and value of securities in digital custody. CDSL offers various services including e-voting, mobile apps, and secure electronic storage through its advanced platforms.
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78 days agoCDSL to Declare Final and Special Dividend at 26th AGM on August 17, 2024 - FAQs
1. What was CDSL’s revenue from operations for FY 2023-24?
For FY 2023-24, CDSL’s revenue from operations was ₹64,095.70 lakh on a standalone basis and ₹81,225.66 lakh on a consolidated basis.
2. What was CDSL’s total income for FY 2023-24?
The total income for CDSL in FY 2023-24 was ₹74,289.01 lakh on a standalone basis and ₹90,730.39 lakh on a consolidated basis.
3. How much did CDSL earn in other income for FY 2023-24?
CDSL earned ₹10,193.31 lakh in other income on a standalone basis and ₹9,504.73 lakh on a consolidated basis during FY 2023-24.
4. What was the expenditure for CDSL in FY 2023-24?
CDSL’s expenditure for FY 2023-24 amounted to ₹24,887.71 lakh on a standalone basis and ₹32,297.55 lakh on a consolidated basis.
5. What is CDSL’s profit before depreciation and tax for FY 2023-24?
The profit before depreciation and tax was ₹49,401.30 lakh on a standalone basis and ₹58,432.84 lakh on a consolidated basis for FY 2023-24.
6. How much did CDSL spend on depreciation and amortisation in FY 2023-24?
CDSL’s depreciation and amortisation expenses were ₹2,121.89 lakh on a standalone basis and ₹2,723.37 lakh on a consolidated basis.
7. What was the profit before tax for CDSL in FY 2023-24?
For FY 2023-24, the profit before tax was ₹47,279.41 lakh on a standalone basis and ₹55,601.16 lakh on a consolidated basis.
8. How much did CDSL pay in taxes for FY 2023-24?
CDSL’s total tax payments amounted to ₹10,947.49 lakh on a standalone basis and ₹13,645.75 lakh on a consolidated basis.
9. What is the profit after tax for CDSL in FY 2023-24?
The profit after tax for CDSL was ₹36,331.92 lakh on a standalone basis and ₹41,955.41 lakh on a consolidated basis for FY 2023-24.
10. What was CDSL’s EPS for FY 2023-24?
CDSL’s earnings per share (EPS) were ₹35.21 on a standalone basis and ₹40.80 on a consolidated basis for FY 2023-24.
11. How much did standalone revenue increase from FY 2022-23 to FY 2023-24?
Standalone revenue increased by 10.6% from ₹981.20 Crore in FY 2022-23 to ₹1,084.94 Crore in FY 2023-24.
12. How much did consolidated revenue increase from FY 2022-23 to FY 2023-24?
Consolidated revenue grew by 12.8% from ₹1,146.06 Crore in FY 2022-23 to ₹1,292.60 Crore in FY 2023-24.
13. What was the growth percentage of standalone net profit from FY 2022-23?
Standalone net profit saw a growth of 8.5%, rising from ₹341.11 Crore in FY 2022-23 to ₹370.18 Crore in FY 2023-24.
14. What was the growth percentage of consolidated net profit from FY 2022-23?
Consolidated net profit increased by 9.4%, growing from ₹392.19 Crore in FY 2022-23 to ₹429.14 Crore in FY 2023-24.
15. How many investor accounts does CDSL have?
CDSL currently manages 10,47,21,142 investor accounts.
16. How many depository participants are associated with CDSL?
CDSL works with 583 depository participants.
17. What is the total number of securities in demat custody?
The total number of securities held in demat custody by CDSL is 6,42,054 million.
18. What is the total value of securities in demat custody?
The value of securities in demat custody at CDSL amounts to ₹5,77,96,491 million.
19. How many new accounts were opened by CDSL?
CDSL opened 3.2 million new accounts during the year.
20. What is the total number of active accounts at CDSL?
CDSL has a total of 40 million active accounts.
21. How many securities transactions did CDSL handle?
CDSL processed 1.5 billion securities transactions.
22. When was CDSL established?
Central Depository Services Limited (CDSL) was established in 1999.
23. What are CDSL’s main services?
CDSL provides services such as dematerialization, rematerialization, trade settlement, and the facilitation of pledges and hypothecation of securities.
24. What are CDSL Ventures Limited's services?
CDSL Ventures Limited (CVL) offers KYC (Know Your Customer) services to intermediaries in the capital market.
25. What does CDSL Insurance Repository Limited do?
CDSL Insurance Repository Limited (CIRL) facilitates the electronic holding of insurance policies.
26. What is the role of CDSL Commodity Repository Limited?
CDSL Commodity Repository Limited (CCRL) provides services for the electronic holding and settlement of commodity market transactions.
27. What is the total comprehensive income for CDSL in FY 2023-24?
The total comprehensive income was ₹36,122.22 lakh on a standalone basis and ₹41,726.18 lakh on a consolidated basis for FY 2023-24.
28. How did the total comprehensive income change from FY 2022-23?
Total comprehensive income increased from ₹27,247.85 lakh (Standalone) and ₹27,758.26 lakh (Consolidated) in FY 2022-23.
29. What is the trend in CDSL’s revenue over the past year?
CDSL experienced an increase in revenue, both standalone and consolidated, over the past year.
30. How did CDSL manage its costs in FY 2023-24?
CDSL effectively managed its costs, leading to improved profit margins and increased overall income.
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