NSE vs BSE: share price, P/E, ROE and financials compared
National Stock Exchange of Ind
BSE
NSE and BSE at a glance
NSE and BSE are both listed in Financial Services. NSE is the larger by market cap, at ₹4.7L Cr against ₹1.5L Cr for BSE (3.1 times as large). On valuation, NSE has the lower P/E (43.1× against 50.8×) and the lower price-to-book (11.03× against 16.95×). On returns and margins, NSE has the higher operating margin (78.3% against 65.7%), while BSE has the higher ROCE (40.9% against 30.2%) and the higher ROE (38.7% against 26.7%). Neither carries much debt for its equity: debt-to-equity is 0.01× for NSE and 0.00× for BSE.
Key metrics, side by side
| Metric | NSENSE | BSEBSE |
|---|---|---|
| Price (₹) | 1,908.35 | 3,800.00 |
| Market cap (₹ Cr) | 4,72,317 | 1,54,329 |
| P/E | 43.1× (the lower figure, shaded) | 50.8× |
| P/B | 11.03× (the lower figure, shaded) | 16.95× |
| Dividend yield, trailing | 0.00% | 0.26% (the higher figure, shaded) |
| ROE | 26.7% | 38.7% (the higher figure, shaded) |
| ROCE | 30.2% | 40.9% (the higher figure, shaded) |
| Operating margin (OPM) | 78.3% (the higher figure, shaded) | 65.7% |
| Net margin (NPM) | 56.2% (the higher figure, shaded) | 49.8% |
| Sales CAGR 3Y | – | +76.5% |
| Profit CAGR 3Y | – | +124.5% |
| Debt to equity | 0.01× | 0.00× |
| Interest cover | 345.8× | 20620.6× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | – | 3,082 |
| 1Y return | +5.0% | +51.8% (the higher figure, shaded) |
| Promoter holding | – | – |
NSE vs BSE: common questions
Which is bigger, NSE or BSE?
By market cap, NSE is bigger at ₹4.7L Cr, against ₹1.5L Cr for BSE (prices as of 6 Nov 2026).
Which has a lower P/E ratio, NSE or BSE?
NSE trades at a P/E of 43.1× and BSE at 50.8×. NSE 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, NSE or BSE?
NSE reports a return on equity of 26.7% and BSE 38.7%. BSE has the higher ROE. ROE is net profit as a share of shareholders’ equity.