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National Stock Exchange of Ind (BSE: NSE) had a P/E of 43.1× on 6 Nov 2026, above the industry P/E of 38.2×. It earns ROCE of 30% and ROE of 27%. The company has almost no debt. It is a large-cap company with a market cap of ₹4.7 lakh crore, the largest of 7 Financial Data & Stock Exchanges companies by market cap; the shares rose 5.0% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,895.00
Day high
₹1,953.95
Day low
₹1,862.00
Prev. close
₹1,894.35
Volume
49.4 L

Health check

2 good · 3 fair
  • ReturnsIn line

    +5.0% over a year, better than 4 of 6 peers.

  • Price tagIn line

    P/E 43.1 vs industry 38.2.

  • Growthn/a

    Not enough yearly results to measure.

  • ProfitabilityStrong

    ROCE 30.2% vs peer median 27.6%.

  • Balance sheetFair

    Practically debt-free, Piotroski 5 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 6 industry peers. Computed from reported figures. Educational, not a recommendation.

Financial Data & Stock Exchanges

6 listed peers. Screen the industry

Large cap

₹4.7L Cr, the largest of 7 in its industry.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹19,541 Cr · profit ₹10,970 Cr
Market cap
₹4.7L Cr
Large cap
P/E
43.1
Industry 38.2
Price to book
11.03
Peers 7.96
Dividend yield
0.00%
ROE
26.7%
Peers 24.0%
ROCE
30.2%
Peers 27.6%
Debt to equity
0.01
Debt ₹473 Cr
EPS (TTM)
₹44.32
OPM (TTM)
71.0%
Net margin 56.2%
Sales growth
+10.6%
Latest quarter vs a year ago
Profit growth
+22.8%
Latest quarter vs a year ago
Price to sales
24.17
EV/EBITDA 24.0

Strengths and risks

Strengths

  • Return on equity of 26.7%.
  • Return on capital employed of 30.2%.
  • Practically debt-free.
  • Quarterly profit up 22.8% on a year ago.
  • Net margin of 56.2%.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About National Stock Exchange of Ind

National Stock Exchange of India Limited, a stock exchange, provides an automated screen-based electronic trading system in India. The company operates through Trading Services, Clearing Services, and Others segments. It offers services related to trading in equities, equity derivatives, debt, currency derivatives, and commodity derivatives segments; clearing and settlement services for the trades executed in the capital markets, future and options,…

Headquarters
Mumbai
Employees
2,881
Sector
Financial Services
ISIN
INE721I01024
Website
nseindia.com

Price range

52 weeks

₹1,640.25₹1,953.95

Today

₹1,862.00₹1,953.95
Avg volume (3M)
43.2 L
1-year return
plus 5.0%
From 52-week high
minus 2.3%

Analyst consensus

9 analysts
Strong buyMean target ₹2,132.22 plus 11.7%

Target range, with today’s price

Low ₹1,950.00High ₹2,315.00

Today’s price ₹1,908.35 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Financial Data & Stock Exchanges

Compare with peersScreen the whole industry
Company
NSENational Stock Exchange of Ind1,908.35plus 0.74%4,72,31743.111.0330.2%26.7%78.3%––0.00%plus 5.0%
BSEBSE3,800.00plus 0.26%1,54,32950.816.9540.9%38.7%65.7%76.5%124.5%0.26%plus 51.8%
MCXMulti Commodity Exchange of India3,528.00plus 4.81%89,79360.918.0539.0%44.4%74.2%67.8%107.5%0.23%plus 80.5%
CRISILCRISIL4,395.40minus 0.75%32,14435.99.8331.0%27.4%30.5%9.6%10.7%1.55%minus 7.3%
NSDLNational Securities Depository764.15minus 1.25%15,28338.26.0921.2%17.1%25.4%14.4%17.4%0.52%minus 29.9%
CARERATINGCARE Ratings1,564.20minus 1.50%4,71624.54.7024.1%20.7%42.5%19.2%27.0%1.28%minus 1.1%
ICRAICRA4,431.40minus 1.57%4,26721.43.5820.5%17.5%35.4%14.3%10.3%1.58%minus 30.4%
Median of 6 peers–−1.00%23,71337.07.9627.6%24.0%38.9%16.8%22.2%0.90%−4.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Jun 26Sep 26
3,7913,6774,3264,067
––+14.1%+10.6%
6502,192769987
3,1411,4853,5583,080
82.9%40.4%82.2%75.7%
453514309519
10.8–11.6–
151162163174
3431,201477–
3,7763,0384,1693,425
25.5%31.0%25.1%24.8%
2,9242,0983,1202,578
––+6.7%+22.8%
11.818.4812.6110.41

Dec 25, Mar 26 not reported by the data source.

Profit & loss

Yearly, ₹ crore
ROE
26.7%
Net profitSelect a row below to chart it
₹ CrMar 2024Mar 2025Mar 2026
13,96816,18315,760
–+15.9%minus 2.6%
4,0193,4924,492
9,94812,69111,268
71.2%78.4%71.5%
9101,1261,321
11.724.240.3
472570626
8092,2521,973
11,18415,47513,896
24.8%25.0%26.7%
8,30612,18810,302
–+46.7%minus 15.5%
33.5649.2441.62

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2024Mar 2025Mar 2026
49.5248248
23,92530,10631,866
125506412
41,36538,60755,412
65,46469,46787,937
1,2062,4153,473
32.87641,859
16,63215,51912,372
37,68039,87259,009
9,91410,89711,225
65,46469,46787,937

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2024Mar 2025Mar 2026
29,7444,09123,836
−8,463−5,431−45.9
−3,994−4,600−8,809
17,288−5,93914,981
−470−1,306−1,755
29,2742,78622,081
−3,959−4,454−8,662

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 24.8% (Yahoo estimate).

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you