{"id":323728,"date":"2026-10-22T12:38:37","date_gmt":"2026-10-22T07:08:37","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=323728"},"modified":"2026-10-22T12:38:37","modified_gmt":"2026-10-22T07:08:37","slug":"banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/","title":{"rendered":"3 Banking Software, Commodity Exchange and Depository Services Stocks With a Strong Future Roadmap: Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India)"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India): ROE of 10.9% to 46.8% and FY22 to FY26 revenue CAGR of 13.3% to 53.9%. Prices as of 21 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;\">The three capital market infrastructure and fintech stocks to watch are Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India). Their return on equity ranges from 10.9% to 46.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.3% 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 21 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Capital market infrastructure and fintech stocks let investors follow the platforms that keep markets and banks running. Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India) cover banking software, a commodity exchange and a depository.<\/p>\n<p>This list covers three capital market infrastructure and fintech stocks with complete current figures: Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India). Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#What_Are_Capital_Market_Infrastructure_and_Fintech_Stocks\" title=\"What Are Capital Market Infrastructure and Fintech Stocks?\">What Are Capital Market Infrastructure and Fintech 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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#Capital_Market_Infrastructure_and_Fintech_Stocks_at_a_Glance\" title=\"Capital Market Infrastructure and Fintech Stocks at a Glance\">Capital Market Infrastructure and Fintech 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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#Why_Do_Capital_Market_Infrastructure_and_Fintech_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Capital Market Infrastructure and Fintech Stocks Have a Strong Roadmap in India?\">Why Do Capital Market Infrastructure and Fintech 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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#Why_Intellect_Design_Arena_Features_Among_These_Capital_Market_Infrastructure_and_Fintech_Stocks\" title=\"Why Intellect Design Arena Features Among These Capital Market Infrastructure and Fintech Stocks\">Why Intellect Design Arena Features Among These Capital Market Infrastructure and Fintech Stocks<\/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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#Why_Multi_Commodity_Exchange_of_India_Features_Among_These_Capital_Market_Infrastructure_and_Fintech_Stocks\" title=\"Why Multi Commodity Exchange of India Features Among These Capital Market Infrastructure and Fintech Stocks\">Why Multi Commodity Exchange of India Features Among These Capital Market Infrastructure and Fintech Stocks<\/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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#Why_Central_Depository_Services_India_Features_Among_These_Capital_Market_Infrastructure_and_Fintech_Stocks\" title=\"Why Central Depository Services (India) Features Among These Capital Market Infrastructure and Fintech Stocks\">Why Central Depository Services (India) Features Among These Capital Market Infrastructure and Fintech Stocks<\/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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#Intellect_Design_Arena_vs_Multi_Commodity_Exchange_of_India_vs_Central_Depository_Services_India_on_Key_Financials\" title=\"Intellect Design Arena vs Multi Commodity Exchange of India vs Central Depository Services (India) on Key Financials\">Intellect Design Arena vs Multi Commodity Exchange of India vs Central Depository Services (India) 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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#Key_Risks_to_Check_Before_Investing_in_Capital_Market_Infrastructure_and_Fintech_Stocks\" title=\"Key Risks to Check Before Investing in Capital Market Infrastructure and Fintech Stocks\">Key Risks to Check Before Investing in Capital Market Infrastructure and Fintech Stocks<\/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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#Final_Thoughts_on_Capital_Market_Infrastructure_and_Fintech_Stocks\" title=\"Final Thoughts on Capital Market Infrastructure and Fintech Stocks\">Final Thoughts on Capital Market Infrastructure and Fintech Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#What_are_capital_market_infrastructure_and_fintech_stocks\" title=\"What are capital market infrastructure and fintech stocks?\">What are capital market infrastructure and fintech stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#Which_capital_market_infrastructure_and_fintech_stocks_are_covered_in_this_list\" title=\"Which capital market infrastructure and fintech stocks are covered in this list?\">Which capital market infrastructure and fintech stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#Why_do_capital_market_infrastructure_and_fintech_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do capital market infrastructure and fintech stocks have a strong future roadmap in India?\">Why do capital market infrastructure and fintech stocks have a strong future roadmap in India?<\/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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#How_has_Intellect_Design_Arena_performed_financially\" title=\"How has Intellect Design Arena performed financially?\">How has Intellect Design Arena performed financially?<\/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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#How_has_Multi_Commodity_Exchange_of_India_performed_financially\" title=\"How has Multi Commodity Exchange of India performed financially?\">How has Multi Commodity Exchange of India performed financially?<\/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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#How_has_Central_Depository_Services_India_performed_financially\" title=\"How has Central Depository Services (India) performed financially?\">How has Central Depository Services (India) performed financially?<\/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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#What_risks_should_investors_check_before_buying_capital_market_infrastructure_and_fintech_stocks\" title=\"What risks should investors check before buying capital market infrastructure and fintech stocks?\">What risks should investors check before buying capital market infrastructure and fintech 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\/banking-software-commodity-exchange-and-depository-services-stocks-roadmap-outpost-list\/#Is_this_list_of_capital_market_infrastructure_and_fintech_stocks_investment_advice\" title=\"Is this list of capital market infrastructure and fintech stocks investment advice?\">Is this list of capital market infrastructure and fintech stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Capital_Market_Infrastructure_and_Fintech_Stocks\"><\/span><strong>What Are Capital Market Infrastructure and Fintech Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Capital market infrastructure and fintech stocks are listed companies that run exchanges, depositories and financial software platforms. Their earnings depend on trading and account volumes, issuer activity and contract wins.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Capital_Market_Infrastructure_and_Fintech_Stocks_at_a_Glance\"><\/span><strong>Capital Market Infrastructure and Fintech Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\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;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/intellect\/intellect-design-arena-ltd-share-price-today\">Intellect Design Arena<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">624.75<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8,952<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.5<\/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;\">10.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.05<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/mcx\/multi-commodity-exchange-of-india-ltd-share-price-today\">Multi Commodity Exchange of India<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,087<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">81,189<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">52.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">41.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">46.8<\/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\/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;\">1,237.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26,543<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">56.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">41.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, all three trade at a P\/E above their industry P\/E, which reflects the growth the market already expects from them. Readers comparing capital market infrastructure and fintech stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in capital market infrastructure and fintech stocks can use the coming numbers to test whether growth is holding.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Capital_Market_Infrastructure_and_Fintech_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Capital Market Infrastructure and Fintech Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Capital market infrastructure and fintech stocks have a strong roadmap in India because rising investor participation, growth in demat accounts and bank technology spending support steady platform volumes.<\/p>\n<ul>\n<li><strong>Investor participation.<\/strong> More investors open accounts and trade in markets.<\/li>\n<li><strong>Commodity trading.<\/strong> Hedgers and traders use futures and options on bullion and energy.<\/li>\n<li><strong>Banking technology.<\/strong> Banks keep modernising core systems.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Intellect_Design_Arena_Features_Among_These_Capital_Market_Infrastructure_and_Fintech_Stocks\"><\/span><strong>Why Intellect Design Arena Features Among These Capital Market Infrastructure and Fintech Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the capital market infrastructure and fintech stocks on this list, Intellect Design Arena is a Chennai-based financial technology company that sells software products for banking, insurance and capital markets, including transaction banking, consumer banking and risk platforms.<\/p>\n<p>Revenue rose from Rs 1,919 crore in FY22 to Rs 3,161 crore in FY26, a compound annual growth rate of 13.3%. Net profit grew from Rs 269 crore in FY23 to Rs 343 crore in FY26, which works out to a compound annual growth rate of 8.5%.<\/p>\n<p>In the June 2026 quarter, revenue grew 18.9% year on year to Rs 873 crore, while net profit rose 8.7% to Rs 102 crore. The company has a return on equity of 10.9%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 8,952 crore. The stock trades at a P\/E of 25.5, above the industry P\/E of 17.5.<\/p>\n<p><strong>Roadmap:<\/strong> Banks and insurers are replacing older systems with cloud-ready platforms, and the company earns licence, subscription and implementation revenue from these programmes. Its product-led model supports recurring income from long-term client relationships.<\/p>\n<p><strong>What to watch:<\/strong> Follow new contract wins and the share of recurring revenue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Multi_Commodity_Exchange_of_India_Features_Among_These_Capital_Market_Infrastructure_and_Fintech_Stocks\"><\/span><strong>Why Multi Commodity Exchange of India Features Among These Capital Market Infrastructure and Fintech Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the commodity exchange shares on this list, Multi Commodity Exchange of India, known as MCX, is the country&#8217;s leading commodity derivatives exchange, offering futures and options in bullion, base metals, energy and agricultural products.<\/p>\n<p>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%.<\/p>\n<p>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.<\/p>\n<p><strong>Roadmap:<\/strong> 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.<\/p>\n<p><strong>What to watch:<\/strong> Follow trading volumes, since earnings track market activity and regulatory changes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Central_Depository_Services_India_Features_Among_These_Capital_Market_Infrastructure_and_Fintech_Stocks\"><\/span><strong>Why Central Depository Services (India) Features Among These Capital Market Infrastructure and Fintech Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Central Depository Services (India), known as CDSL, is one of the two depositories in India and holds demat accounts for investors, with revenue from transaction charges, issuer fees and account fees.<\/p>\n<p>The company has a return on equity of 23.3%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 26,543 crore. The stock trades at a P\/E of 56.4, above the industry P\/E of 41.8.<\/p>\n<p>Revenue rose from Rs 606 crore in FY22 to Rs 1,238 crore in FY26, a compound annual growth rate of 19.6%. Net profit grew from Rs 312 crore in FY22 to Rs 455 crore in FY26, which works out to a compound annual growth rate of 9.9%. In the June 2026 quarter, revenue grew 15.4% year on year to Rs 340 crore, while net profit rose 14.9% to Rs 118 crore.<\/p>\n<p><strong>Roadmap:<\/strong> The rise in demat accounts and market participation lifts transaction and issuer income, and the company has added services such as KYC and e-voting. Its revenue is spread across several streams, and it carries no debt.<\/p>\n<p><strong>What to watch:<\/strong> Track growth in demat accounts and market activity, which influence transaction revenue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Intellect_Design_Arena_vs_Multi_Commodity_Exchange_of_India_vs_Central_Depository_Services_India_on_Key_Financials\"><\/span><strong>Intellect Design Arena vs Multi Commodity Exchange of India vs Central Depository Services (India) on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three capital market infrastructure and fintech stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\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;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Intellect Design Arena<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,919<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,161<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">343<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Multi Commodity Exchange of India<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">433<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,429<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">53.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,332<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">54.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Central Depository Services (India)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">606<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,238<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">455<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Multi Commodity Exchange of India posts the highest return on equity in this group at 46.8%. Intellect Design Arena has the largest FY26 revenue at Rs 3,161 crore, and Multi Commodity Exchange of India shows the fastest revenue growth with a 53.9% compound annual rate. A useful habit with capital market infrastructure and fintech stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Capital_Market_Infrastructure_and_Fintech_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Capital Market Infrastructure and Fintech Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these capital market infrastructure and fintech stocks, the main points are: Long-term commodity exchange shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Market sensitivity.<\/strong> Platform revenues can move with market activity.<\/li>\n<li><strong>Regulatory changes.<\/strong> New rules can alter trading and fee structures.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter capital market infrastructure and fintech stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Capital_Market_Infrastructure_and_Fintech_Stocks\"><\/span><strong>Final Thoughts on Capital Market Infrastructure and Fintech Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Capital market infrastructure and fintech stocks reward investors who follow platform volumes, account growth and contract wins together. Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India) each sit at a different point in the financial system. Based on the 21 October 2026 close, Intellect Design Arena trades at Rs 624.75, Multi Commodity Exchange of India at Rs 3,087 and Central Depository Services (India) at Rs 1,237.2. Valuation matters as much as growth, so compare each company&#8217;s P\/E with its industry P\/E before adding any of these capital market infrastructure and fintech stocks to a watchlist.<\/p>\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 capital market infrastructure and fintech stocks, set price alerts and get research-backed stock ideas.<\/em><\/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<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_capital_market_infrastructure_and_fintech_stocks\"><\/span><strong>What are capital market infrastructure and fintech stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Capital market infrastructure and fintech stocks are listed companies that run exchanges, depositories and financial software platforms. Their earnings depend on trading and account volumes, issuer activity and contract wins. This list looks at three of them, Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India), using reported FY22 to FY26 financials and the 21 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_capital_market_infrastructure_and_fintech_stocks_are_covered_in_this_list\"><\/span><strong>Which capital market infrastructure and fintech stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India). Based on the 21 October 2026 close, Intellect Design Arena traded at Rs 624.75, Multi Commodity Exchange of India at Rs 3,087 and Central Depository Services (India) at Rs 1,237.2. Their return on equity ranges from 10.9% to 46.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.3% to 53.9%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_capital_market_infrastructure_and_fintech_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do capital market infrastructure and fintech stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Capital market infrastructure and fintech stocks have a strong roadmap in India because rising investor participation, growth in demat accounts and bank technology spending support steady platform volumes. The main drivers are as follows. Investor participation. More investors open accounts and trade in markets. Commodity trading. Hedgers and traders use futures and options on bullion and energy. Banking technology. Banks keep modernising core systems. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Intellect_Design_Arena_performed_financially\"><\/span><strong>How has Intellect Design Arena performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,919 crore in FY22 to Rs 3,161 crore in FY26, a compound annual growth rate of 13.3%. Net profit grew from Rs 269 crore in FY23 to Rs 343 crore in FY26, which works out to a compound annual growth rate of 8.5%. In the June 2026 quarter, revenue grew 18.9% year on year to Rs 873 crore, while net profit rose 8.7% to Rs 102 crore. The company has a return on equity of 10.9%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 8,952 crore. The stock trades at a P\/E of 25.5, above the industry P\/E of 17.5. Looking ahead, banks and insurers are replacing older systems with cloud-ready platforms, and the company earns licence, subscription and implementation revenue from these programmes. Its product-led model supports recurring income from long-term client relationships.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Multi_Commodity_Exchange_of_India_performed_financially\"><\/span><strong>How has Multi Commodity Exchange of India performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Central_Depository_Services_India_performed_financially\"><\/span><strong>How has Central Depository Services (India) performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 606 crore in FY22 to Rs 1,238 crore in FY26, a compound annual growth rate of 19.6%. Net profit grew from Rs 312 crore in FY22 to Rs 455 crore in FY26, which works out to a compound annual growth rate of 9.9%. In the June 2026 quarter, revenue grew 15.4% year on year to Rs 340 crore, while net profit rose 14.9% to Rs 118 crore. The company has a return on equity of 23.3%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 26,543 crore. The stock trades at a P\/E of 56.4, above the industry P\/E of 41.8. Looking ahead, the rise in demat accounts and market participation lifts transaction and issuer income, and the company has added services such as KYC and e-voting. Its revenue is spread across several streams, and it carries no debt.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_capital_market_infrastructure_and_fintech_stocks\"><\/span><strong>What risks should investors check before buying capital market infrastructure and fintech stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying capital market infrastructure and fintech stocks. Market sensitivity. Platform revenues can move with market activity. Regulatory changes. New rules can alter trading and fee structures. 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_capital_market_infrastructure_and_fintech_stocks_investment_advice\"><\/span><strong>Is this list of capital market infrastructure and fintech stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 21 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are capital market infrastructure and fintech stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Capital market infrastructure and fintech stocks are listed companies that run exchanges, depositories and financial software platforms. Their earnings depend on trading and account volumes, issuer activity and contract wins. This list looks at three of them, Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India), using reported FY22 to FY26 financials and the 21 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which capital market infrastructure and fintech stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India). Based on the 21 October 2026 close, Intellect Design Arena traded at Rs 624.75, Multi Commodity Exchange of India at Rs 3,087 and Central Depository Services (India) at Rs 1,237.2. Their return on equity ranges from 10.9% to 46.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.3% to 53.9%.\"}},{\"@type\":\"Question\",\"name\":\"Why do capital market infrastructure and fintech stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Capital market infrastructure and fintech stocks have a strong roadmap in India because rising investor participation, growth in demat accounts and bank technology spending support steady platform volumes. The main drivers are as follows. Investor participation. More investors open accounts and trade in markets. Commodity trading. Hedgers and traders use futures and options on bullion and energy. Banking technology. Banks keep modernising core systems. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Intellect Design Arena performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 1,919 crore in FY22 to Rs 3,161 crore in FY26, a compound annual growth rate of 13.3%. Net profit grew from Rs 269 crore in FY23 to Rs 343 crore in FY26, which works out to a compound annual growth rate of 8.5%. In the June 2026 quarter, revenue grew 18.9% year on year to Rs 873 crore, while net profit rose 8.7% to Rs 102 crore. The company has a return on equity of 10.9%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 8,952 crore. The stock trades at a P\/E of 25.5, above the industry P\/E of 17.5. Looking ahead, banks and insurers are replacing older systems with cloud-ready platforms, and the company earns licence, subscription and implementation revenue from these programmes. Its product-led model supports recurring income from long-term client relationships.\"}},{\"@type\":\"Question\",\"name\":\"How has Multi Commodity Exchange of India performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How has Central Depository Services (India) performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 606 crore in FY22 to Rs 1,238 crore in FY26, a compound annual growth rate of 19.6%. Net profit grew from Rs 312 crore in FY22 to Rs 455 crore in FY26, which works out to a compound annual growth rate of 9.9%. In the June 2026 quarter, revenue grew 15.4% year on year to Rs 340 crore, while net profit rose 14.9% to Rs 118 crore. The company has a return on equity of 23.3%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 26,543 crore. The stock trades at a P\/E of 56.4, above the industry P\/E of 41.8. Looking ahead, the rise in demat accounts and market participation lifts transaction and issuer income, and the company has added services such as KYC and e-voting. Its revenue is spread across several streams, and it carries no debt.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying capital market infrastructure and fintech stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying capital market infrastructure and fintech stocks. Market sensitivity. Platform revenues can move with market activity. Regulatory changes. New rules can alter trading and fee structures. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. 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Compare price, valuation, return on equity and revenue growth as of 21 October 2026.<\/p>\n","protected":false},"author":38,"featured_media":323727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,14757,11196,14758,14759,14153,14760],"class_list":["post-323728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-capital-market-infrastructure-and-fintech-stocks","tag-central-depository-services-india","tag-commodity-exchange-shares","tag-depository-services-stocks","tag-intellect-design-arena","tag-multi-commodity-exchange-of-india"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["323727"],"rank_math_title":["Capital Market Infrastructure and Fintech Stocks to Watch"],"rank_math_description":["Compare 3 capital market infrastructure and fintech stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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