BSE vs MCX: share price, P/E, ROE and financials compared
BSE
Multi Commodity Exchange of India
BSE and MCX at a glance
BSE and MCX are both listed in Financial Services. BSE is the larger by market cap, at ₹1.5L Cr against ₹89,793 Cr for MCX (1.7 times as large). On valuation, BSE has the lower P/E (50.8× against 60.9×) and the lower price-to-book (16.95× against 18.05×). On returns and margins, BSE has the higher ROCE (40.9% against 39.0%), while MCX has the higher ROE (44.4% against 38.7%) and the higher operating margin (74.2% against 65.7%). Over three years, BSE has faster 3-year sales growth (+76.5% against +67.8% a year) and faster 3-year profit growth (+124.5% against +107.5% a year). Neither carries much debt for its equity: debt-to-equity is 0.00× for BSE and 0.00× for MCX.
Key metrics, side by side
| Metric | BSEBSE | MCXMCX |
|---|---|---|
| Price (₹) | 3,800.00 | 3,528.00 |
| Market cap (₹ Cr) | 1,54,329 | 89,793 |
| P/E | 50.8× (the lower figure, shaded) | 60.9× |
| P/B | 16.95× (the lower figure, shaded) | 18.05× |
| Dividend yield, trailing | 0.26% | 0.23% |
| ROE | 38.7% | 44.4% (the higher figure, shaded) |
| ROCE | 40.9% (the higher figure, shaded) | 39.0% |
| Operating margin (OPM) | 65.7% | 74.2% (the higher figure, shaded) |
| Net margin (NPM) | 49.8% | 55.9% (the higher figure, shaded) |
| Sales CAGR 3Y | +76.5% (the higher figure, shaded) | +67.8% |
| Profit CAGR 3Y | +124.5% (the higher figure, shaded) | +107.5% |
| Debt to equity | 0.00× | 0.00× |
| Interest cover | 20620.6× (the higher figure, shaded) | 4696.4× |
| Net profit TTM (₹ Cr) | 3,082 | 1,799 |
| 1Y return | +51.8% | +80.5% (the higher figure, shaded) |
| Promoter holding | 0.00% | 0.00% |
BSE vs MCX: common questions
Which is bigger, BSE or MCX?
By market cap, BSE is bigger at ₹1.5L Cr, against ₹89,793 Cr for MCX (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹3,082 Cr for BSE and ₹1,799 Cr for MCX.
Which has a lower P/E ratio, BSE or MCX?
BSE trades at a P/E of 50.8× and MCX at 60.9×. BSE 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 MCX?
BSE reports a return on equity of 38.7% and MCX 44.4%. MCX has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, BSE or MCX?
Over the last three years: Sales grew +76.5% a year at BSE and +67.8% at MCX, so BSE grew sales faster; profit grew +124.5% a year at BSE and +107.5% at MCX, so BSE grew profit faster. Past growth doesn’t predict future growth.