{"id":306925,"date":"2026-10-14T10:30:51","date_gmt":"2026-10-14T05:00:51","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=306925"},"modified":"2026-10-14T10:30:51","modified_gmt":"2026-10-14T05:00:51","slug":"depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/","title":{"rendered":"3 Depository, Credit Rating and Diversified Lender Stocks With a Strong Future Roadmap: Central Depository Services (India), CARE Ratings and Tata Capital"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>CDSL Rs 1,292.00, P\/E 55.91. CARE Ratings Rs 1,524.30, P\/E 25.70. Tata Capital Rs 327.65, P\/E 24.41. Closing prices of 13 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Depository, credit rating and diversified lender stocks with the clearest long-term roadmaps today include CDSL in demat accounts, e-voting and transaction processing, CARE Ratings in credit ratings for debt instruments and analytical services and Tata Capital in retail, SME and corporate lending across personal, vehicle, home and business loans. FY26 revenue growth was 3.3% at CDSL, 16.5% at CARE Ratings and 11.3% at Tata Capital. P\/E stands at 55.91 for CDSL (industry 42.30), 25.70 for CARE Ratings (industry 33.32) and 24.41 for Tata Capital (industry 17.72). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Depository, credit rating and diversified lender stocks give investors exposure to services that help investors hold shares, price debt and borrow. Market activity, rating mandates and loan growth decide how much of that demand turns into profit.<\/p>\n<p>This list covers three depository, credit rating and diversified lender stocks: Central Depository Services (India) for demat accounts, e-voting and transaction processing, CARE Ratings for credit ratings for debt instruments and analytical services and Tata Capital for retail, SME and corporate lending across personal, vehicle, home and business loans. Every figure comes from the latest reported financials and the 13 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#What_Are_Depository_Credit_Rating_and_Diversified_Lender_Stocks\" title=\"What Are Depository, Credit Rating and Diversified Lender Stocks?\">What Are Depository, Credit Rating and Diversified Lender Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#Depository_Credit_Rating_and_Diversified_Lender_Stocks_at_a_Glance\" title=\"Depository, Credit Rating and Diversified Lender Stocks at a Glance\">Depository, Credit Rating and Diversified Lender Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#Why_Do_Depository_Credit_Rating_and_Diversified_Lender_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Depository, Credit Rating and Diversified Lender Stocks Have a Strong Roadmap in India?\">Why Do Depository, Credit Rating and Diversified Lender Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#Central_Depository_Services_India_Depository_Services_Drive_the_Pipeline\" title=\"Central Depository Services (India): Depository Services Drive the Pipeline\">Central Depository Services (India): Depository Services Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#CARE_Ratings_Rating_Fees_Anchor_the_Roadmap\" title=\"CARE Ratings: Rating Fees Anchor the Roadmap\">CARE Ratings: Rating Fees Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#Tata_Capital_A_Diversified_Loan_Mix_Drives_the_Pipeline\" title=\"Tata Capital: A Diversified Loan Mix Drives the Pipeline\">Tata Capital: A Diversified Loan Mix Drives the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#Best_Depository_Credit_Rating_and_Diversified_Lender_Stocks_in_India_CDSL_vs_CARE_Ratings_vs_Tata_Capital_on_Key_Financials\" title=\"Best Depository, Credit Rating and Diversified Lender Stocks in India: CDSL vs CARE Ratings vs Tata Capital on Key Financials\">Best Depository, Credit Rating and Diversified Lender Stocks in India: CDSL vs CARE Ratings vs Tata Capital on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#How_to_Evaluate_Depository_Credit_Rating_and_Diversified_Lender_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Depository, Credit Rating and Diversified Lender Stocks to Buy Before You Invest\">How to Evaluate Depository, Credit Rating and Diversified Lender Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#Risks_to_Consider_Before_Investing_in_Depository_Credit_Rating_and_Diversified_Lender_Stocks\" title=\"Risks to Consider Before Investing in Depository, Credit Rating and Diversified Lender Stocks\">Risks to Consider Before Investing in Depository, Credit Rating and Diversified Lender Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#FAQs_on_Depository_Credit_Rating_and_Diversified_Lender_Stocks\" title=\"FAQs on Depository, Credit Rating and Diversified Lender Stocks\">FAQs on Depository, Credit Rating and Diversified Lender Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#Which_are_the_best_depository_credit_rating_and_diversified_lender_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best depository, credit rating and diversified lender stocks in India with a strong roadmap?\">Which are the best depository, credit rating and diversified lender stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#Is_Central_Depository_Services_India_a_good_stock_to_buy_now\" title=\"Is Central Depository Services (India) a good stock to buy now?\">Is Central Depository Services (India) a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#What_is_the_PE_ratio_of_CDSL_CARE_Ratings_and_Tata_Capital\" title=\"What is the P\/E ratio of CDSL, CARE Ratings and Tata Capital?\">What is the P\/E ratio of CDSL, CARE Ratings and Tata Capital?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#Which_of_these_depository_credit_rating_and_diversified_lender_stocks_has_the_highest_return_on_equity\" title=\"Which of these depository, credit rating and diversified lender stocks has the highest return on equity?\">Which of these depository, credit rating and diversified lender stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#What_are_the_risks_of_investing_in_depository_credit_rating_and_diversified_lender_stocks\" title=\"What are the risks of investing in depository, credit rating and diversified lender stocks?\">What are the risks of investing in depository, credit rating and diversified lender stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#How_did_CDSL_CARE_Ratings_and_Tata_Capital_perform_in_Q1_FY27\" title=\"How did CDSL, CARE Ratings and Tata Capital perform in Q1 FY27?\">How did CDSL, CARE Ratings and Tata Capital perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#Do_depository_credit_rating_and_diversified_lender_stocks_pay_dividends\" title=\"Do depository, credit rating and diversified lender stocks pay dividends?\">Do depository, credit rating and diversified lender stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/depository-credit-rating-and-diversified-lender-stocks-future-edge-watchlist\/#How_can_I_invest_in_depository_credit_rating_and_diversified_lender_stocks_in_India\" title=\"How can I invest in depository, credit rating and diversified lender stocks in India?\">How can I invest in depository, credit rating and diversified lender stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Depository_Credit_Rating_and_Diversified_Lender_Stocks\"><\/span><strong>What Are Depository, Credit Rating and Diversified Lender Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Depository, credit rating and diversified lender stocks are shares of companies that hold investor accounts, rate debt or lend to households and firms. Results depend on market activity, rating mandates and loan growth, so fees and funding costs separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Depository_Credit_Rating_and_Diversified_Lender_Stocks_at_a_Glance\"><\/span><strong>Depository, Credit Rating and Diversified Lender Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three depository, credit rating and diversified lender stocks as of the 13 Oct 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/cdsl\/central-depository-services-india-ltd-share-price-today\">Central Depository Services (India)<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,292.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26,292<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">55.91<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">42.30<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.27%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/carerating\/care-ratings-ltd-share-price-today\">CARE Ratings<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,524.30<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,631<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.70<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.32<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.36%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.03<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/tatacap\/tata-capital-ltd-share-price-today\">Tata Capital<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">327.65<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">133,756<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.41<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.57%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.15<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among capital markets and lending stocks, CDSL and Tata Capital trade at a premium to the industry P\/E, while CARE Ratings trades at a discount.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Depository_Credit_Rating_and_Diversified_Lender_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Depository, Credit Rating and Diversified Lender Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Depository, credit rating and diversified lender stocks have a strong roadmap in India because rising investor participation, growth in debt issuance and credit demand keep lifting these financial firms. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Investor accounts:<\/strong> More households open demat accounts every year.<\/li>\n<li><strong>Debt issuance:<\/strong> Borrowers need credit ratings to raise funds.<\/li>\n<li><strong>Credit demand:<\/strong> Retail and SME borrowers need loans.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Central_Depository_Services_India_Depository_Services_Drive_the_Pipeline\"><\/span><strong>Central Depository Services (India): Depository Services Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CDSL&#8217;s roadmap rests on depository services including demat accounts, e-voting and transaction processing, with growing investor accounts supporting recurring fees.<\/p>\n<p>Revenue grew from Rs 605.90 crore in FY22 to Rs 1,238.50 crore in FY26, a 104.4% rise, and FY26 revenue was 3.3% higher than FY25. FY26 net profit was Rs 455.08 crore. In Q1 FY27, revenue grew 15.4% to Rs 340.50 crore, and net profit rose 14.9% to Rs 117.67 crore. Operating margin was 58.99% in FY26.<\/p>\n<p>Debt to equity is 0.00 and return on equity is 23.27%. FY26 operating cash flow was Rs 466.62 crore against capital expenditure of Rs 120.70 crore. CDSL paid a dividend of Rs 12.75 per share for FY26, a yield of 1.01%. At a P\/E of 55.91 against an industry P\/E of 42.30, the stock trades above its industry multiple.<\/p>\n<p>What to watch: The P\/E of 55.91 sits above the industry P\/E of 42.30, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CARE_Ratings_Rating_Fees_Anchor_the_Roadmap\"><\/span><strong>CARE Ratings: Rating Fees Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CARE Ratings&#8217; roadmap rests on a credit rating agency that rates debt instruments and provides analytical services to borrowers and lenders, with rating fees linked to debt raised by companies supporting earnings.<\/p>\n<p>Revenue grew from Rs 274.82 crore in FY22 to Rs 527.89 crore in FY26, a 92.1% rise, and FY26 revenue was 16.5% higher than FY25. FY26 net profit rose 24.1% to Rs 173.70 crore. Over four years, net profit rose from Rs 76.83 crore in FY22 to Rs 173.70 crore. In Q1 FY27, revenue grew 17.5% to Rs 126.48 crore, and net profit rose 24.5% to Rs 32.99 crore. Operating margin was 53.32% in FY26 and 44.26% in Q1 FY27 against 44.12% a year earlier.<\/p>\n<p>Debt to equity is 0.03 and return on equity is 18.36%. FY26 operating cash flow was Rs 147.57 crore against capital expenditure of Rs 8.30 crore. CARE Ratings paid a dividend of Rs 22 per share for FY26, a yield of 1.43%. At a P\/E of 25.70 against an industry P\/E of 33.32, the stock trades below its industry multiple.<\/p>\n<p>What to watch: Q1 FY27 operating margin was 44.26% against 53.32% for FY26, so margin stability is the figure to follow as volumes grow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tata_Capital_A_Diversified_Loan_Mix_Drives_the_Pipeline\"><\/span><strong>Tata Capital: A Diversified Loan Mix Drives the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tata Capital&#8217;s roadmap rests on lending to retail, SME and corporate borrowers across personal, vehicle, home and business loans, with a diversified loan mix supporting growth.<\/p>\n<p>Revenue grew from Rs 10,311.41 crore in FY22 to Rs 31,582.62 crore in FY26, a 206.3% rise, and FY26 revenue was 11.3% higher than FY25. FY26 net profit rose 33.8% to Rs 4,890.91 crore. Over four years, net profit rose from Rs 1,800.81 crore in FY22 to Rs 4,890.91 crore. In Q1 FY27, revenue grew 14.7% to Rs 8,825.38 crore, and net profit rose 56.4% to Rs 1,628.18 crore.<\/p>\n<p>Debt to equity is 5.15 and return on equity is 10.57%. Tata Capital paid a dividend of Rs 0.57 per share for FY26, a yield of 0.18%. At a P\/E of 24.41 against an industry P\/E of 17.72, the stock trades above its industry multiple.<\/p>\n<p>What to watch: The P\/E of 24.41 sits above the industry P\/E of 17.72, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Depository_Credit_Rating_and_Diversified_Lender_Stocks_in_India_CDSL_vs_CARE_Ratings_vs_Tata_Capital_on_Key_Financials\"><\/span><strong>Best Depository, Credit Rating and Diversified Lender Stocks in India: CDSL vs CARE Ratings vs Tata Capital on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best depository, credit rating and diversified lender stocks in India, CDSL leads on return on equity and the lowest debt to equity; CARE Ratings leads on FY26 revenue growth and Q1 FY27 revenue growth; Tata Capital leads on Q1 FY27 net profit growth and the lowest P\/E. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CDSL<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CARE Ratings<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Tata Capital<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,238.50<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">527.89<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31,582.62<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">455.08<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">173.70<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,890.91<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 net profit growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">56.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.27%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.36%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.57%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">55.91<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.70<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.41<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.03<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.15<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.01%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.43%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.18%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Financial services earnings follow market activity, rating mandates and loan growth, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Depository_Credit_Rating_and_Diversified_Lender_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Depository, Credit Rating and Diversified Lender Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen depository, credit rating and diversified lender stocks and shortlist depository, credit rating and diversified lender stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check revenue growth, margins and return on equity together.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read loan growth against funding costs to see how growth is financed.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these depository, credit rating and diversified lender stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Depository_Credit_Rating_and_Diversified_Lender_Stocks\"><\/span><strong>Risks to Consider Before Investing in Depository, Credit Rating and Diversified Lender Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Market activity:<\/strong> Slower capital markets can affect fee income.<\/li>\n<li><strong>Regulation:<\/strong> Rule changes can affect pricing and product mix.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track CDSL, CARE Ratings and Tata Capital live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three capital markets and lending stocks cover depository services, credit ratings and diversified lending. CDSL leads on return on equity and the lowest debt to equity; CARE Ratings leads on FY26 revenue growth and Q1 FY27 revenue growth; Tata Capital leads on Q1 FY27 net profit growth and the lowest P\/E.<\/p>\n<p>Across depository, credit rating and diversified lender stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the depository, credit rating and diversified lender stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Depository_Credit_Rating_and_Diversified_Lender_Stocks\"><\/span><strong>FAQs on Depository, Credit Rating and Diversified Lender Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_depository_credit_rating_and_diversified_lender_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best depository, credit rating and diversified lender stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Central Depository Services (India), CARE Ratings and Tata Capital stand out for their roadmaps in depository services, credit ratings and diversified lending. FY26 revenue growth was 3.3% at CDSL, 16.5% at CARE Ratings and 11.3% at Tata Capital, and return on equity ranges from 10.57% to 23.27%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Central_Depository_Services_India_a_good_stock_to_buy_now\"><\/span><strong>Is Central Depository Services (India) a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Central Depository Services (India) has a debt to equity ratio of 0.00, a return on equity of 23.27% and a P\/E of 55.91 against an industry P\/E of 42.30. Valuation, market activity and regulation move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_CDSL_CARE_Ratings_and_Tata_Capital\"><\/span><strong>What is the P\/E ratio of CDSL, CARE Ratings and Tata Capital?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 55.91 for CDSL (industry 42.30), 25.70 for CARE Ratings (industry 33.32) and 24.41 for Tata Capital (industry 17.72). Only CDSL and Tata Capital trade at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_depository_credit_rating_and_diversified_lender_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these depository, credit rating and diversified lender stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Central Depository Services (India) has the highest return on equity at 23.27%, followed by CARE Ratings at 18.36% and Tata Capital at 10.57%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_depository_credit_rating_and_diversified_lender_stocks\"><\/span><strong>What are the risks of investing in depository, credit rating and diversified lender stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are market activity, regulation and quarterly trends. Slower capital markets can affect fee income.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_CDSL_CARE_Ratings_and_Tata_Capital_perform_in_Q1_FY27\"><\/span><strong>How did CDSL, CARE Ratings and Tata Capital perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Central Depository Services (India) reported revenue of Rs 340.50 crore, up 15.4% year on year, and net profit rose 14.9% to Rs 117.67 crore. CARE Ratings reported revenue of Rs 126.48 crore, up 17.5% year on year, and net profit rose 24.5% to Rs 32.99 crore. Tata Capital reported revenue of Rs 8,825.38 crore, up 14.7% year on year, and net profit rose 56.4% to Rs 1,628.18 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_depository_credit_rating_and_diversified_lender_stocks_pay_dividends\"><\/span><strong>Do depository, credit rating and diversified lender stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, all three companies pay dividends. The dividend yield is 1.01% for CDSL, 1.43% for CARE Ratings and 0.18% for Tata Capital, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_depository_credit_rating_and_diversified_lender_stocks_in_India\"><\/span><strong>How can I invest in depository, credit rating and diversified lender stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy depository, credit rating and diversified lender stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best depository, credit rating and diversified lender stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Central Depository Services (India), CARE Ratings and Tata Capital stand out for their roadmaps in depository services, credit ratings and diversified lending. 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The dividend yield is 1.01% for CDSL, 1.43% for CARE Ratings and 0.18% for Tata Capital, based on dividends declared for FY26.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in depository, credit rating and diversified lender stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can buy depository, credit rating and diversified lender stocks through a demat and trading account on NSE or BSE after checking each company's financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Central Depository Services (India), CARE Ratings and Tata Capital compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":28,"featured_media":306923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[7155,11196,11951,11952,11950,1240],"class_list":["post-306925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-care-ratings","tag-central-depository-services-india","tag-credit-rating-and-diversified-lender-stocks","tag-credit-rating-and-diversified-lender-stocks-to-buy","tag-depository","tag-tata-capital"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["306923"],"rank_math_title":["Depository, Credit Rating and Diversified Lender Stocks"],"rank_math_description":["Depository, credit rating and diversified lender stocks with a strong roadmap: CDSL, CARE Ratings and Tata Capital compared on growth, valuation and risks."],"rank_math_focus_keyword":["depository, credit rating and diversified lender stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-depository-credit-rating-and-diversified-lender-stocks-with-a-strong-future.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/306925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=306925"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/306925\/revisions"}],"predecessor-version":[{"id":306926,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/306925\/revisions\/306926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/306923"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=306925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=306925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=306925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}