#CDSL

( #TechnoFunda Analysis)

Please Read Fully Thread..

~ CDSL Incorporated in 1999 under Depositories act,1996 with Some Unique Business Model..

~ Almost Recession Free Business is Key Factor...

~ Provide Depositories (Opening DEMAT) Related Services.

(1/n)

Financials:

~ Revenue Comes from Diversified Source:
E-KYC (CDSL Venture)
Transaction Fees
Annual Charges
IPO Listing

~ OPM are 55% (May Rise More in Q3)

~ Expenses are Mostly Fixed and Main things is that Revenue Growth is NOT Linked with Capex.

(Big +ve)

(2/n)

Important:

~ Diversified Business is Key for This Company..

~ Almost "" Working Capital Required,
So Have V.well Free Cash Flow and Investment.

~ Strong Balance Sheet and Ratio's

~ Pure Debt Free..(No Int. Cost)

~ Almost % Reserve on Balance Sheet..

(3/n)

Holding:
BSE: 20%
MF: 11%
DII: 31.8%
FII: 10.03%

~ Ratio's:

ROE: 15.33%
ROCE: 19.6%
ROA: 13%

Positive:

~ There are only 2 Company in Whole Market for DEMAT Securities Related Sagement..
1) CDSL
2) NSDL

~ CDSL Mostly Focus in Retail DEMAT Opening...

(4/n)

~ Duology Market

~ New Firm's Entry is Prevented...

~ High MOAT (+ve)

~ CDSL has Higher Market Share Compared to NSDL and it Continues Rising..

~ Out of Both, Only #CDSL Listed (Than No Peers Comparison)..

~ Company's bBusiness Have A Brightest Future..

(5/n)

Potential Growth Trigger:

~ New DEMAT Opening is Rising Repidly

~ 22% Growth on New DEMAT Opening in 2020.

~ No.Of New IPO's Increased.

~ Digitalization is Must Key Trigger.

I'm Not Surprised If Stock Goes Up to Digit at end of Decade.

Share My Views Only.

6/n.

Hope You all Enjoy Thread.

I Try Best to Share Some Knowledge in Simply Way

Thank You

@Investor_Mohit @Rishikesh_ADX @RajarshitaS @CAPratik_INDIAN
@VRtrendfollower @Atulsingh_asan @Jitendra_stock @MarketScientist @Stockstudy8 @nishkumar1977 @caniravkaria

#RETWEEET

Try to Going More Depth in CDSL's Business in Day by Days Ahead...

Will Share Technical Chart also Once That Ready.

Stay Tune Ahead :)

Thank You...