National Securities Depository Limited (NSDL.BO) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.
⚠️ Financial ratios are only half the screen, and this verdict does not rest on them. Our business-activity screen classifies National Securities Depository Limited under conventional finance, which is an excluded sector — so the verdict is non-compliant even though some ratios below pass. Business activity is a hard gate that ratio math never captures.
Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2026-03-31. NSDL.BO files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.
Business activity: conventional_finance
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 0.21% | 30.00% | Pass |
| Interest-bearing investments | 10.26% | 30.00% | Pass |
| Non-permissible income | 6.64% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 0.87% | 33.00% | Pass |
| Interest-bearing investments | 43.19% | 33.00% | Fail |
| Non-liquid assets | 52.33% | at least 20.00% | Pass |
| Non-permissible income | 6.64% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 0.87% | 33.33% | Pass |
| Cash + interest-bearing securities | 43.19% | 33.33% | Fail |
| Accounts receivable | 47.67% | 33.33% | Fail |
| Non-permissible income | 6.64% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 0.87% | 33.33% | Pass |
| Cash + interest-bearing securities | 43.19% | 33.33% | Fail |
| Accounts receivable | 47.67% | 50.00% | Pass |
| Non-permissible income | 6.64% | 5.00% | Fail |
Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.
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Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 41.40 | NEUTRAL |
| Stochastic %K (14) | 13.75 | BUY |
| CCI (20) | -98.53 | NEUTRAL |
| Williams %R (14) | -86.25 | BUY |
| MACD (12,26,9) | 0.06 | BUY |
| ROC (10) | -0.86 | SELL |
| Momentum (10) | -6.96 | SELL |
| EMA (10) | 806.54 | SELL |
| SMA (10) | 806.66 | SELL |
| EMA (20) | 808.76 | SELL |
| SMA (20) | 808.01 | SELL |
| EMA (30) | 811.57 | SELL |
| SMA (30) | 809.88 | SELL |
| EMA (50) | 818.31 | SELL |
| SMA (50) | 816.36 | SELL |
| EMA (100) | 843.42 | SELL |
| SMA (100) | 831.51 | SELL |
| EMA (200) | 921.20 | SELL |
| SMA (200) | 900.91 | SELL |
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Financial Services · Financial Data & Stock Exchanges
National Securities Depository Limited, together with its subsidiaries, provides depository services in India. It operates through Depository, Database Management Services, and Banking Services segments. The company provides SPEED-e for demat account holders for direct online submission of instructions; IDeAS for viewing balances and transactions; SPICE for clearing members to submit instructions for the clients who have given power of attorney (POA) and to streamline auto pay-in instructions; and STeADY for brokers to deliver/submit electronic contract notes. It also offers value-added services comprising DPM plus, delivery instruction management system, STP navigator, auto download, and eSigner; digital integration products consisting of digital LAS, demat account validation, MF conversion and redemption APIs, eDIS and margin pledge, and open architecture system; and issuer service offerings, such as issuer companies, e-AGM, e-voting, tax services, direct payout mechanism, and reference data products, as well as online platforms for issuances, including CP issuance platform, issuer portal, security and covenant monitoring, system-driven disclosure, FPI monitor, and corporate bond database. In addition, the company provides account maintenance, dematerialization, rematerialization, and transmission/nomination; market, off market, and inter-depository transfers; depository account validation; consolidated account statement; auto delivery out; dividend distribution; and stock lending and borrowing services. Further, it is involved in electronic infrastructure for dematerialization of securities; facilitation of electronic settlement of trades; and set-up of system infrastructure, connectivity, software application, and database management systems. The company was formerly known as NSDL Depository Limited and changed its name to National Securities Depository Limited in January 2013. National Securities Depository Limited was founded in 1996 and is headquartered in Mumbai, India.
Background via Yahoo Finance — informational, not part of the verdict.
Peer movement computing — it will appear here on its own.
NO DATA 0 buys · 0 sells
NEUTRAL report date 2026-09-01 · Asset managers net 934180 (-19048)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.