BSE vs IEX: share price, P/E, ROE and financials compared
BSE
Indian Energy Exchange
BSE and IEX at a glance
BSE and IEX are both listed in Financial Services. BSE is the larger by market cap, at ₹1.5L Cr against ₹9,738 Cr for IEX (15.8 times as large). On valuation, IEX has the lower P/E (18.7× against 50.8×) and the lower price-to-book (6.69× against 16.95×). On returns and margins, BSE has the higher ROE (45.0% against 38.6%), while IEX has the higher ROCE (45.7% against 40.9%) and the higher operating margin (84.3% against 64.7%). Over three years, BSE has faster 3-year sales growth (+76.5% against +15.4% a year) and faster 3-year profit growth (+124.5% against +17.2% a year). Neither carries much debt for its equity: debt-to-equity is 0.00× for BSE and 0.01× for IEX.
Key metrics, side by side
| Metric | BSEBSE | IEXIEX |
|---|---|---|
| Price (₹) | 3,800.00 | 109.50 |
| Market cap (₹ Cr) | 1,54,329 | 9,738 |
| P/E | 50.8× | 18.7× (the lower figure, shaded) |
| P/B | 16.95× | 6.69× (the lower figure, shaded) |
| Dividend yield, trailing | 0.26% | 3.20% (the higher figure, shaded) |
| ROE | 45.0% (the higher figure, shaded) | 38.6% |
| ROCE | 40.9% | 45.7% (the higher figure, shaded) |
| Operating margin (OPM) | 64.7% | 84.3% (the higher figure, shaded) |
| Net margin (NPM) | 48.9% | 66.6% (the higher figure, shaded) |
| Sales CAGR 3Y | +76.5% (the higher figure, shaded) | +15.4% |
| Profit CAGR 3Y | +124.5% (the higher figure, shaded) | +17.2% |
| Debt to equity | 0.00× | 0.01× |
| Interest cover | 20620.6× (the higher figure, shaded) | 283.7× |
| Net profit TTM (₹ Cr) | 2,832 | 523 |
| 1Y return | +51.8% (the higher figure, shaded) | −18.5% |
| Promoter holding | 0.00% | 0.00% |
BSE vs IEX: common questions
Which is bigger, BSE or IEX?
By market cap, BSE is bigger at ₹1.5L Cr, against ₹9,738 Cr for IEX (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹2,832 Cr for BSE and ₹523 Cr for IEX.
Which has a lower P/E ratio, BSE or IEX?
BSE trades at a P/E of 50.8× and IEX at 18.7×. IEX has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, BSE or IEX?
BSE reports a return on equity of 45.0% and IEX 38.6%. BSE has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, BSE or IEX?
Over the last three years: Sales grew +76.5% a year at BSE and +15.4% at IEX, so BSE grew sales faster; profit grew +124.5% a year at BSE and +17.2% at IEX, so BSE grew profit faster. Past growth doesn’t predict future growth.