NSE-listed midcap company, CDSL share price is going to be in focus on August 26 after the stock turned ex-bonus and announced the allotment of equities. CDSL has carried its first ever bonus issue in the ratio of 1:1. Last week, CDSL shares ended near new all-time high. Its share price has been adjusted accordingly. YTD, CDSL shares zoomed by 74%, while in a year, the stock emerged as multibagger with rally of 182.08%.
CDSL Share Price:
On the ex-bonus date, August 23, after market hours, CDSL shares ended at Rs 1,585 apiece, up by 9.4% with a market cap of Rs 33,126.50 crore. During the trading hours of Friday, the stock touched a new all-time high of Rs 1,568.50 apiece, while its adjusted 52-week low is at Rs 553.68.
Before ex-bonus date, CDSL shares were at Rs 2,890 apiece on NSE. The stock's all-time high earlier was Rs 2,989 apiece which was earlier recorded on August 22, 2024.
CDSL Bonus Issue:
CDSL turned ex-bonus on August 23, while its record date was on August 24. However, since, August 24 was Saturday, the market was closed by default on the weekend. The eligible shareholders are those who are holding CDSL shares in their demat account by the end of August 23, the ex-bonus date.
The bonus issue of a 1:1 ratio means that CDSL is issuing one new fully paid-up Equity Share of ₹10/- (Rupees Ten Only) each for free against every 1 (One) existing fully paid-up Equity Share of ₹10/- (Rupees Ten Only) each.
CDSL Bonus Issue Allotment:
As per the regulatory filing, the Board of Directors of Central Depository Services (India) Limited has approved the allotment of 10,45,00,000 (Ten Crore and Forty Five Lakhs Only) Bonus Shares on August 25, 2024 in the proportion of 1:1 i.e. 1 (One) new fully paid-up Equity Share of ₹ 10/- (Rupees Ten Only) each for every 1 (One) existing fully paid-up Equity Share of ₹ 10/- (Rupees Ten Only) each to those eligible Shareholders of the Company whose names appeared in the Register of Shareholders of the Company/List of Beneficial Owners maintained by the Depositories as on the Record Date i.e. August 24, 2024.
Accordingly, post-bonus issue, the paid-up share capital has doubled to Rs 209,00,00,000 with face value of Rs 10 each and number of shares are 20,90,00,000. Before bonus, the number of shares were at 10,45,00,000 equities at Rs 10 face value, worth Rs 104,50,00,000.
The Bonus Shares allotted shall rank pari-passu in all respects with the existing fully paidup Equity Shares of the Company.
CDSL said that the Bonus Shares shall be credited to the eligible Shareholders of the Company in their demat account only. In case of failure in credit of Shares in demat account of any Shareholder(s) due to any reason, then such Bonus Shares will be credited to the Central Depository Services (India) Limited Unclaimed Suspense Account as prescribed by law and the relevant authorities, subject to guidelines issued by SEBI in this regard.
CDSL Share Fundamentals:
Among key fundamentals, as per the Trendlyne data, is that CDSL is a debt-free company since its debt-to-equity ratio is zero. Its Return on Equity(ROE) for the last financial year was 28.64%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit. Also, the stock price rose 169.54% and outperformed its sector by 115.25% in the past year.
Moreover, Mutual Fund Holding increased by 2% in the last quarter to 15.88. While promoter pledges are zero. Among the drawbacks is that CDSL's Price to price-to-earning ratio is 68.33, higher than its sector PE ratio of 20.14.
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