On 6 Nov 2026, BSE was priced at ₹3,800.00, or 50.8× trailing earnings, against an industry P/E of 38.2×, and the shares are 15% below their 52-week high. Its ROCE of 41% is the highest among its 6 Financial Data & Stock Exchanges peers, and sales and net profit grew 76% and 124% a year over 3 years. It has almost no debt, and its dividend yield is 0.3%. It is a large-cap company with a market cap of ₹1.5 lakh crore, ranked 2nd of 7 Financial Data & Stock Exchanges companies by market cap; the shares rose 52% over the past year.
- ₹3,769.00
- ₹3,831.30
- ₹3,714.30
- ₹3,790.00
- 41 L
Health check
- ReturnsAhead
+51.8% over a year, better than 5 of 6 peers.
- Price tagPricier
P/E 50.8 vs industry 38.2.
- GrowthStrong
Sales +76.5%, profit +124.5% a year over 3 years.
- ProfitabilityStrong
ROCE 40.9% vs peer median 27.2%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Large cap
Defensive
Key metrics
- Market cap
- ₹1.5L Cr
- Large cap
- P/E
- 50.8
- Industry 38.2
- Price to book
- 16.95
- Peers 7.96
- Dividend yield
- 0.26%
- ROE
- 38.7%
- Peers 23.7%
- ROCE
- 40.9%
- Peers 27.2%
- Debt to equity
- 0.00
- Debt ₹0.02 Cr
- EPS (TTM)
- ₹74.82
- Face value ₹2
- OPM (TTM)
- 65.7%
- Net margin 49.8%
- Sales growth
- +34.1%
- Latest quarter vs a year ago
- Profit growth
- +44.9%
- Latest quarter vs a year ago
- Price to sales
- 24.91
- EV/EBITDA 29.5
Strengths and risks
Strengths
- Return on equity of 38.7%.
- Return on capital employed of 40.9%.
- Practically debt-free.
- Quarterly profit up 44.9% on a year ago.
- Quarterly sales up 34.1% on a year ago.
About BSE
BSE Limited, together with its subsidiaries, provides a platform for the listing and trading of equity, debt instruments, currencies, commodities, derivatives, mutual funds, and small and medium enterprise securities in India and internationally. The company provides clearing and settlement, IT support, training, and stock exchange and index services, as well as engages in the corporate social responsibility activities. It also offers market data, risk…
- Headquarters
- Mumbai
- Employees
- 850
- Sector
- Financial Services
- ISIN
- INE118H01025
- Website
- bseindia.com
Price range
- Avg volume (3M)
- 48.4 L
- 1-year return
- plus 51.8%
- From 52-week high
- minus 14.5%
Analyst consensus
Peers · Financial Data & Stock Exchanges
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NSENational Stock Exchange of Ind | 1,908.35 | plus 0.74% | 4,72,317 | 43.1 | 11.03 | 30.2% | 26.7% | 78.3% | – | – | 0.00% | plus 5.0% |
| BSEBSE | 3,800.00 | plus 0.26% | 1,54,329 | 50.8 | 16.95 | 40.9% | 38.7% | 65.7% | 76.5% | 124.5% | 0.26% | plus 51.8% |
| MCXMulti Commodity Exchange of India | 3,528.00 | plus 4.81% | 89,793 | 60.9 | 18.05 | 39.0% | 44.4% | 74.2% | 67.8% | 107.5% | 0.23% | plus 80.5% |
| CRISILCRISIL | 4,395.40 | minus 0.75% | 32,144 | 35.9 | 9.83 | 31.0% | 27.4% | 30.5% | 9.6% | 10.7% | 1.55% | minus 7.3% |
| NSDLNational Securities Depository | 764.15 | minus 1.25% | 15,283 | 38.2 | 6.09 | 21.2% | 17.1% | 25.4% | 14.4% | 17.4% | 0.52% | minus 29.9% |
| CARERATINGCARE Ratings | 1,564.20 | minus 1.50% | 4,716 | 24.5 | 4.70 | 24.1% | 20.7% | 42.5% | 19.2% | 27.0% | 1.28% | minus 1.1% |
| ICRAICRA | 4,431.40 | minus 1.57% | 4,267 | 21.4 | 3.58 | 20.5% | 17.5% | 35.4% | 14.3% | 10.3% | 1.58% | minus 30.4% |
| Median of 6 peers | – | −1.00% | 23,713 | 37.0 | 7.96 | 27.2% | 23.7% | 38.9% | 14.4% | 17.4% | 0.90% | −4.2% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,068 | 1,244 | 1,564 | 1,566 | 1,433 | |
| 388 | 512 | 502 | 520 | 460 | |
| 680 | 732 | 1,061 | 1,046 | 973 | |
| 63.7% | 58.8% | 67.9% | 66.8% | 67.9% | |
| 91.2 | 108 | 56.9 | 160 | 145 | |
| 32.5 | 44.8 | 54.8 | 42.6 | 46.1 | |
| 739 | 795 | 1,063 | 1,164 | 1,072 | |
| 24.6% | 25.0% | 25.2% | 25.0% | 24.7% | |
| 558 | 602 | 797 | 874 | 809 | |
| 13.56 | 14.61 | 19.35 | 21.22 | 19.64 |
Profit & loss
- Sales CAGR 3Y
- +76.5%
- Profit CAGR 3Y
- +124.5%
- EPS CAGR 3Y
- +124.5%
- ROE
- 38.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 816 | 1,371 | 2,738 | 4,485 | |
| – | +68.1% | +99.7% | +63.8% | |
| 606 | 949 | 1,208 | 1,372 | |
| 209 | 422 | 1,529 | 3,113 | |
| 25.6% | 30.8% | 55.9% | 69.4% | |
| 153 | 227 | 260 | 256 | |
| 27.5 | 15.1 | 0 | 0.2 | |
| 60.3 | 94.9 | 113 | 159 | |
| 22.8 | 453 | 72.1 | 88.8 | |
| 297 | 992 | 1,748 | 3,299 | |
| 30.8% | 22.5% | 24.7% | 25.0% | |
| 221 | 778 | 1,326 | 2,497 | |
| – | +252.7% | +70.3% | +88.3% | |
| 5.35 | 18.89 | 32.18 | 60.61 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 27.1 | 27.1 | 27.1 | 81.6 | |
| 2,674 | 3,275 | 4,397 | 6,591 | |
| 0 | 0 | 3.3 | 2.8 | |
| 3,293 | 6,148 | 5,915 | 6,770 | |
| 5,994 | 9,450 | 10,342 | 13,446 | |
| 155 | 210 | 263 | 595 | |
| 0.1 | 11.1 | 40.7 | 32.6 | |
| 609 | 1,065 | 772 | 2,113 | |
| 1,279 | 2,014 | 2,829 | 3,919 | |
| 3,950 | 6,151 | 6,437 | 6,787 | |
| 5,994 | 9,450 | 10,342 | 13,446 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −137 | 2,643 | 410 | 3,104 | |
| −111 | −871 | −767 | −2,740 | |
| −186 | −149 | −206 | −304 | |
| −434 | 1,623 | −563 | 60.3 | |
| −143 | −131 | −153 | −515 | |
| −281 | 2,513 | 257 | 2,589 | |
| −186 | −165 | −206 | −316 |
Shareholding pattern
- Public100.00%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 0.00% | 100.00% | 0.00 | |
| 30 Jun 2026 | 0.00% | 100.00% | 0.00 | |
| 31 Mar 2026 | 0.00% | 100.00% | 0.00 | |
| 31 Dec 2025 | 0.00% | 100.00% | 0.00 | |
| 30 Sep 2025 | 0.00% | 100.00% | – |
Major shareholders
Filings & events
News
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