NSE:CDSL Stock Forecast

Stock Price Forecast

According to 15 analysts polled by S&P Global, NSE:CDSL stock has a consensus rating of "Hold" and an average price target of ₹1,282. The average 1-year stock price forecast is 1.38% higher than the current stock price, while the lowest is ₹1,090 (-13.77%) and the highest is ₹1,458 (+15.35%).

Price Target: ₹1,282 (+1.38%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	₹1,090	₹1,282	₹1,295	₹1,458
Change	-13.77%	+1.38%	+2.45%	+15.35%

* Price targets were last updated on May 5, 2026.

Analyst Ratings

The average analyst rating for NSE:CDSL stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	1	1	6	6	6	2
Buy	4	4	1	1	1	5
Hold	5	5	3	3	3	3
Sell	2	2	2	2	2	3
Strong Sell	2	2	2	2	3	2
Total	14	14	14	14	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Supratim Datta Jefferies	Jefferies	Hold Maintains ₹1,310 → ₹1,150	Hold	Maintains	₹1,310 → ₹1,150	-9.02%	May 5, 2026
Unknown Analyst Motilal Oswal No rating	Motilal Oswal	Hold Maintains ₹1,410	Hold	Maintains	₹1,410	+11.55%	Feb 2, 2026

Financial Forecast

Revenue This Year

13.00B

from 12.38B

5.00%

from 12.38B

Revenue Next Year

15.15B

from 13.00B

16.48%

from 13.00B

EPS This Year

25.27

from 21.82

15.82%

from 21.82

EPS Next Year

30.69

from 25.27

21.45%

from 25.27

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	5.98B	6.14B	9.05B	11.98B	12.38B	13.00B
Revenue Growth	49.88%	2.64%	47.49%	32.38%	3.38%	5.00%
Gross Profit	5.98B	6.14B	9.05B	11.98B	12.38B	11.28B
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	86.75%
Operating Income	4.02B	3.62B	5.55B	6.91B	6.13B	6.16B
Net Income	3.11B	2.76B	4.19B	5.27B	4.56B	5.35B
EPS	-	-	-	-	21.82	25.27
EPS Growth	-	-	-	-	-13.41%	15.82%
Forward PE	43.33	29.08	40.76	43.43	39.57	50.01
Dividend / Share	7.50	8.00	19.00	12.50	12.75	15.97
Dividend Growth	-	6.67%	137.50%	-34.21%	2.00%	25.23%
Free Cash Flow	2.51B	532.72M	2.75B	4.16B	2.45B	5.10B
No. Analysts	-	-	-	-	-	13

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	14.0B
Avg	13.0B
Low	12.3B

Revenue Growth

Revenue Growth	2027	2028	2029
High	13.4%
Avg	5.0%
Low	-0.8%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	25.27
Low	-

EPS Growth

EPS Growth	2027	2028	2029
High	-
Avg	15.8%
Low	-