Central Depository Services (India) cash flow

Latest FY26

Cash from operations: ₹467cr−14.0% on FY25
Capital spending: ₹121cr−22.5% on FY25
Free cash flow: ₹346cr−10.6% on FY25
Cash from financing: −₹262cr−₹231 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	66.2	49.0	27.2	19.5
	—	18.7	9.6	8.0	7.1
	—	0.2	0.1	0.1	0.1
	—	−47.7	−41.2	−35.7	−24.2
	—	−0.3	−0.3	0.0	−0.3
	—	−39.2	−68.4	−53.5	−32.3
	—	0.0	0.0	−0.3	−1.9
	—	0.0	0.8	1.1	4.4
	—	0.2	0.1	0.5	3.5
	—	−30.5	4.4	−37.2	1.1
	—	−0.1	−0.4	1.2	−3.0
	—	−21.9	−22.1	−22.8	−5.5
	—	15.3	8.8	8.4	9.0
	—	29.8	54.5	38.1	−0.3
	—	6.7	0.2	7.9	2.1
	—	11.3	3.4	1.6	2.0
Cash from operating activities
	628	613	692	557	370
	—	8.8	−3.2	−57.5	−27.6
	—	622	689	500	342
	—	155	146	114	93.2
	—	467	543	386	249
Cash from investing activities
	—	99.7	124	53.8	197
	—	21.0	31.3	19.6	11.3
	—	0.5	0.3	0.1	0.5
	—	1,033	482	521	695
	—	944	340	340	770
	—	0.0	20.0	10.0	0.0
	—	0.0	0.0	0.0	10.0
	—	0.3	0.3	0.0	0.3
	—	24.2	19.2	15.7	13.1
	—	−185	−298	−249	−129
Cash from financing activities
	—	1.2	0.7	0.0	0.0
	—	—	—	1.4	−1.9
	—	261	230	167	157
	—	−262	−231	−169	−155
	—	19.1	13.8	−31.9	−35.2
	—	19.1	13.8	−31.9	−35.2
	—	51.4	32.3	18.5	50.4
Reference items
	593	586	624	489	323
	50.3%	51.2%	57.7%	60.3%	58.3%
	346	346	387	312	40.3
	₹16.55	₹16.55	₹18.51	₹14.95	₹1.93
	77.46×	—	—	—	—
	—	1.03×	1.03×	0.92×	0.90×
	—	155	146	114	93.2

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

CDSL₹1,282.00

Central Depository Services (India) Ltd.

· Banking & Finance

₹ CrorePeersBSE CAMS KFINTECH CHOLAHLDNG BANDHANBNK CUB ANGELONE FIVESTARMcap ₹26,794 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	19.5	27.2	49.0	66.2	—
+ Impairment Loss / (Reversal)	7.1	8.0	9.6	18.7	—
+ Finance Costs	0.1	0.1	0.1	0.2	—
+ Interest Income	-24.2	-35.7	-41.2	-47.7	—
+ Dividend Income	-0.3	0.0	-0.3	-0.3	—
+ Fair Value (Gains) / Losses	-32.3	-53.5	-68.4	-39.2	—
+ Unrealised FX (Gain) / Loss	-1.9	-0.3	0.0	0.0	—
+ Undistributed Profits of Associates	4.4	1.1	0.8	0.0	—
+ Other Non-cash Items	3.5	0.5	0.1	0.2	—
Changes in Working Capital
+ Trade Receivables — Current	1.1	-37.2	4.4	-30.5	—
+ Other Financial Assets — Non-current	-3.0	1.2	-0.4	-0.1	—
+ Other Current Assets	-5.5	-22.8	-22.1	-21.9	—
+ Trade Payables — Current	9.0	8.4	8.8	15.3	—
+ Other Financial Liabilities — Current	-0.3	38.1	54.5	29.8	—
+ Other Current Liabilities	2.1	7.9	0.2	6.7	—
+ Provisions — Current	2.0	1.6	3.4	11.3	—
Cash from Operating Activities
Profit Before Tax (per I/S)	369.6	557.1	692.3	613.1	628.0
+ Total Adjustments (incl. Working Capital)	-27.6	-57.5	-3.2	8.8	—
Cash from Operations (pre-tax)	342.0	499.6	689.1	621.9	—
+ Income Taxes Paid	93.2	113.6	146.4	155.3	—
Cash from Operating Activities	248.8	385.9	542.7	466.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	197.3	53.8	124.4	99.7	—
+ Acq of Intangible Assets	11.3	19.6	31.3	21.0	—
+ Disp of Fixed Assets	0.5	0.1	0.3	0.5	—
+ Acq of Other Long-term Assets	695.0	521.4	482.2	1,033.4	—
+ Disp of Other Long-term Assets	770.5	339.8	339.8	944.2	—
+ Purchase of Investments (Equity / Debt)	0.0	10.0	20.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	10.0	0.0	0.0	0.0	—
+ Dividends Received — Investing	0.3	0.0	0.3	0.3	—
+ Interest Received — Investing	13.1	15.7	19.2	24.2	—
Cash from Investing Activities	-129.2	-249.2	-298.3	-185.0	—
Cash from Financing Activities
+ Payment of Lease Liabilities	0.0	0.0	0.7	1.2	—
+ Payment of Finance Lease Liabilities	-1.9	1.4	—	—	—
+ Dividends Paid	156.8	167.2	229.9	261.3	—
Cash from Financing Activities	-154.8	-168.6	-230.6	-262.5	—
Net Changes in Cash (pre-FX)	-35.2	-31.9	13.8	19.1	—
Net Changes in Cash	-35.2	-31.9	13.8	19.1	—
Closing Cash	50.4	18.5	32.3	51.4	—
Reference Items
EBITDA	323.3	489.4	624.3	585.9	593.3
EBITDA Margin %	58.25	60.25	57.69	51.17	50.33
Free Cash Flow (CFO − Capex)	40.3	312.5	386.9	345.9	345.9
Free Cash Flow per Basic Share	1.93	14.95	18.51	16.55	16.55
Price to Free Cash Flow	—	—	—	—	77.46
Cash Flow to Net Income	0.90	0.92	1.03	1.03	—
Cash Paid for Taxes	93.2	113.6	146.4	155.3	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.