3 Securities Depository, Life Insurer and Commodity Derivatives Exchange Stocks With a Strong Future Roadmap: NSDL, HDFC Life Insurance and Multi Commodity Exchange of India
- October 29, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
NSDL, HDFC Life Insurance and Multi Commodity Exchange of India: ROE of 10.5% to 46.8% and FY22 to FY26 revenue CAGR of 10.3% to 53.9%. Prices as of 27 Oct 2026.
Quick Answer
The three depository, life cover and commodity exchange to watch are NSDL, HDFC Life Insurance and Multi Commodity Exchange of India. Their return on equity ranges from 10.5% to 46.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.3% to 53.9%. Multi Commodity Exchange of India leads on both return on equity at 46.8% and revenue growth at 53.9% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
Depository, life cover and commodity exchange give investors a way to track businesses that sit close to everyday demand in India. NSDL, HDFC Life Insurance and Multi Commodity Exchange of India cover a securities depository, a life insurer and a commodity derivatives exchange.
This list covers three depository, life cover and commodity exchange with complete current figures: NSDL, HDFC Life Insurance and Multi Commodity Exchange of India. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Depository, Life Cover and Commodity Exchange?
Depository, life cover and commodity exchange are listed financial companies that hold securities of investors in electronic form, sell protection, savings and pension plans and run a leading exchange for commodity futures and options. Their earnings depend on account growth, premium inflows and traded volumes.
Depository, Life Cover and Commodity Exchange at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| NSDL | 704.95 | 14,924 | 38.4 | 41.8 | 16.0 | 0.01 |
| HDFC Life Insurance | 514.1 | 113,735 | 55.5 | 10.1 | 10.5 | 0.16 |
| Multi Commodity Exchange of India | 3,180.6 | 81,189 | 52.7 | 41.8 | 46.8 | 0.00 |
On valuation, NSDL trades at a P/E below the industry P/E, while HDFC Life Insurance and Multi Commodity Exchange of India trade above it, which reflects the growth the market already expects. Readers comparing depository, life cover and commodity exchange should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Depository, Life Cover and Commodity Exchange Have a Strong Roadmap in India?
Depository, life cover and commodity exchange have a strong roadmap in India because steady demat account growth, rising awareness of life cover and wider participation in commodity markets keep widening the market for these financial platforms.
- Demat growth. New investors add accounts every month.
- Life cover. Households buy protection and savings plans.
- Commodity trading. Hedgers and traders use futures and options.
Why NSDL Features Among These Depository, Life Cover and Commodity Exchange
Among the depository, life cover and commodity exchange on this list, National Securities Depository, known as NSDL, is India’s first and largest depository, holding securities of investors in electronic form and providing related services to market participants.
Revenue rose from Rs 821 crore in FY22 to Rs 1,660 crore in FY26, a compound annual growth rate of 19.2%. Net profit grew from Rs 213 crore in FY22 to Rs 380 crore in FY26, which works out to a compound annual growth rate of 15.6%.
The company has a return on equity of 16.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 14,924 crore. The stock trades at a P/E of 38.4, below the industry P/E of 41.8.
Roadmap: The company is gaining from the steady growth in demat accounts and from higher market participation. Its fee income from account maintenance and transactions grows as more investors enter the market.
What to watch: Track growth in demat accounts, trading volumes and new service launches.
Why HDFC Life Insurance Features Among These Depository, Life Cover and Commodity Exchange
Among the market infrastructure, protection and derivatives exchange shares on this list, HDFC Life Insurance is one of India’s large private life insurers, offering protection, savings, pension and annuity plans through banks, agents and digital channels.
The company has a return on equity of 10.5%, a debt to equity ratio of 0.16 and a market capitalisation of Rs 113,735 crore. The stock trades at a P/E of 55.5, above the industry P/E of 10.1.
Revenue rose from Rs 67,892 crore in FY22 to Rs 100,355 crore in FY26, a compound annual growth rate of 10.3%. Net profit grew from Rs 1,327 crore in FY22 to Rs 1,912 crore in FY26, which works out to a compound annual growth rate of 9.6%.
Roadmap: Rising awareness of protection and retirement planning, a wide bank distribution network and a growing product range support new business. A focus on value of new business and margins aims to keep growth profitable.
What to watch: Follow new business premium, value of new business margin, persistency and solvency levels.
Why Multi Commodity Exchange of India Features Among These Depository, Life Cover and Commodity Exchange
Among the three companies on this list, Multi Commodity Exchange of India, known as MCX, is the country’s leading commodity derivatives exchange, offering futures and options in bullion, base metals, energy and agricultural products.
Revenue rose from Rs 433 crore in FY22 to Rs 2,429 crore in FY26, a compound annual growth rate of 53.9%. Net profit grew from Rs 143 crore in FY22 to Rs 1,332 crore in FY26, which works out to a compound annual growth rate of 74.5%.
The company has a return on equity of 46.8%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 81,189 crore. The stock trades at a P/E of 52.7, above the industry P/E of 41.8.
Roadmap: Volatility in gold, silver and crude oil and the growth of options trading lift volumes on the exchange. A new trading platform and a wider product range, including more contracts, support its roadmap.
What to watch: Follow trading volumes, since earnings track market activity and regulatory changes.
NSDL vs HDFC Life Insurance vs Multi Commodity Exchange of India on Key Financials
The table below sets the three depository, life cover and commodity exchange side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| NSDL | 821 | 1,660 | 19.2% | 380 | 22.9% |
| HDFC Life Insurance | 67,892 | 100,355 | 10.3% | 1,912 | 1.9% |
| Multi Commodity Exchange of India | 433 | 2,429 | 53.9% | 1,332 | 54.8% |
Multi Commodity Exchange of India posts the highest return on equity in this group at 46.8%. HDFC Life Insurance has the largest FY26 revenue at Rs 100,355 crore, and Multi Commodity Exchange of India shows the fastest revenue growth with a 53.9% compound annual rate. A useful habit with depository, life cover and commodity exchange is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Depository, Life Cover and Commodity Exchange
Every theme carries risks that deserve a check before any decision. For these depository, life cover and commodity exchange, the main points are: Long-term market infrastructure, protection and derivatives exchange shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Market activity. Fee income follows trading and investor activity.
- Regulatory approvals. Plant inspections and approvals can affect supplies.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter depository, life cover and commodity exchange by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Depository, Life Cover and Commodity Exchange
Depository, life cover and commodity exchange work best when investors track growth, valuation and return on equity side by side. NSDL, HDFC Life Insurance and Multi Commodity Exchange of India each have a clear plan to expand. Based on the 27 October 2026 close, NSDL trades at Rs 704.95, HDFC Life Insurance at Rs 514.1 and Multi Commodity Exchange of India at Rs 3,180.6.
Download the Univest iOS App or Univest Android App to track depository, life cover and commodity exchange, set price alerts and get research-backed stock ideas.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are depository, life cover and commodity exchange?
Ans. Depository, life cover and commodity exchange are listed financial companies that hold securities of investors in electronic form, sell protection, savings and pension plans and run a leading exchange for commodity futures and options. Their earnings depend on account growth, premium inflows and traded volumes. This list looks at three of them, NSDL, HDFC Life Insurance and Multi Commodity Exchange of India, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which depository, life cover and commodity exchange are covered in this list?
Ans. This list covers NSDL, HDFC Life Insurance and Multi Commodity Exchange of India. Based on the 27 October 2026 close, NSDL traded at Rs 704.95, HDFC Life Insurance at Rs 514.1 and Multi Commodity Exchange of India at Rs 3,180.6. Their return on equity ranges from 10.5% to 46.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.3% to 53.9%.
Why do depository, life cover and commodity exchange have a strong future roadmap in India?
Ans. Depository, life cover and commodity exchange have a strong roadmap in India because steady demat account growth, rising awareness of life cover and wider participation in commodity markets keep widening the market for these financial platforms. The main drivers are as follows. Demat growth. New investors add accounts every month. Life cover. Households buy protection and savings plans. Commodity trading. Hedgers and traders use futures and options. Together these factors give the companies on this list a visible path for growth over the coming years.
How has NSDL performed financially?
Ans. Revenue rose from Rs 821 crore in FY22 to Rs 1,660 crore in FY26, a compound annual growth rate of 19.2%. Net profit grew from Rs 213 crore in FY22 to Rs 380 crore in FY26, which works out to a compound annual growth rate of 15.6%. The company has a return on equity of 16.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 14,924 crore. The stock trades at a P/E of 38.4, below the industry P/E of 41.8. Looking ahead, the company is gaining from the steady growth in demat accounts and from higher market participation. Its fee income from account maintenance and transactions grows as more investors enter the market.
How has HDFC Life Insurance performed financially?
Ans. Revenue rose from Rs 67,892 crore in FY22 to Rs 100,355 crore in FY26, a compound annual growth rate of 10.3%. Net profit grew from Rs 1,327 crore in FY22 to Rs 1,912 crore in FY26, which works out to a compound annual growth rate of 9.6%. The company has a return on equity of 10.5%, a debt to equity ratio of 0.16 and a market capitalisation of Rs 113,735 crore. The stock trades at a P/E of 55.5, above the industry P/E of 10.1. Looking ahead, rising awareness of protection and retirement planning, a wide bank distribution network and a growing product range support new business. A focus on value of new business and margins aims to keep growth profitable.
How has Multi Commodity Exchange of India performed financially?
Ans. Revenue rose from Rs 433 crore in FY22 to Rs 2,429 crore in FY26, a compound annual growth rate of 53.9%. Net profit grew from Rs 143 crore in FY22 to Rs 1,332 crore in FY26, which works out to a compound annual growth rate of 74.5%. The company has a return on equity of 46.8%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 81,189 crore. The stock trades at a P/E of 52.7, above the industry P/E of 41.8. Looking ahead, volatility in gold, silver and crude oil and the growth of options trading lift volumes on the exchange. A new trading platform and a wider product range, including more contracts, support its roadmap.
What risks should investors check before buying depository, life cover and commodity exchange?
Ans. Investors should check a few risks before buying depository, life cover and commodity exchange. Market activity. Fee income follows trading and investor activity. Regulatory approvals. Plant inspections and approvals can affect supplies. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of depository, life cover and commodity exchange investment advice?
Ans. No. This article is educational and uses publicly available data as of the 27 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
