BSE Ltd.

BSE Ltd.

NNSE:BSE
3,265.00
INR
+16.70
(+0.51%)
68.50EPS
56.23P/E
1.58TMarket Cap
Nov 06Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
5.43
7.35
8.65
7.61
10.33
9.48
10.2
12.16
18.03
19.78
33.27
66.45
108.88
132.11
Basic EPS, GAAP
2.75
2.64
2.71
4.49
14.03
4.19
2.77
3.51
6.17
5.35
18.89
32.18
60.61
68.74
Free Cash Flow per Basic Share
3.52
-3.11
-2.16
14.46
-5.38
-6.7
8.12
-2.57
34.2
-6.81
60.97
6.24
62.83
- -
Dividend per Share
1.01
1.01
2.27
1.1
3.75
4.8
3.59
1.89
2.33
4.5
4
5
7.67
- -
Book Value per Share
49.07
50.94
52.22
54.98
64.27
61.1
59.85
61.51
65.41
66.47
81.31
108.92
163.6
- -
Tangible Book Value per Share
46.87
48.56
50.01
52.81
62.81
59.34
57.87
59.7
63.73
64.04
79.11
106.7
160.57
- -
Basic Weighted Avg Shares
491
491
491
491
491
475
442
412
412
412
412
412
412
412
Sales/Revenue/Turnover
2,668
3,611
4,248
3,737
5,072
4,503
4,505
5,014
7,432
8,155
13,710
27,377
44,854
54,420
Operating Margin (%)
-19.66
-10.43
-6.61
-9.61
12.92
-4
-20.36
-6.81
23.09
18.24
23.86
51.73
65.86
61.47
Depreciation Expense
339
582
537
503
455
511
510
579
483
603
949
1,130
1,590
1,747
Net Income, GAAP
1,352
1,297
1,329
2,206
6,887
1,993
1,223
1,449
2,543
2,207
7,784
13,259
24,970
28,316
Effective Tax Rate (%)
17.57
22.44
17.48
5.64
20.52
10.73
10.98
7.12
25.16
30.82
22.53
24.66
24.97
24.98
Profit Margin (%)
50.67
35.93
31.29
59.03
135.79
44.25
27.14
28.9
34.22
27.06
56.77
48.43
55.67
52.03
Working Capital
11,987
10,833
7,114
10,547
13,070
16,327
13,361
15,912
22,096
14,644
9,429
27,280
28,467
- -
LT Debt
13
36
7
4
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
25,583
26,595
27,602
29,533
30,806
29,286
24,437
25,159
27,897
28,290
34,547
45,757
67,955
- -
Return on Invested Capital (%)
-1.69
-1.51
6.43
10.04
1.67
-0.15
-2.25
-1.25
4.91
3.68
18.15
26.25
37.6
- -
Return on Capital (%)
4.42
4.17
3.28
6.19
22.4
6.66
4.68
6.33
10.57
9.07
25.36
33.1
44.07
- -
Return on Common Equity (%)
5.8
5.37
5.33
8.51
23.98
6.63
4.57
5.89
9.88
8.24
25.93
34.32
45
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
28
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
408
408
408
Market Capitalization
1,073,674
1,094,557
1,576,717

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
82,171
- -
Cash, Cash Equivalents & STI
- -
39,187
- -
Accounts Receivable, Net
- -
5,532
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
53,705
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
28
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.82%
23.07%
48.51%
Free Cash Flow
-295.85%
-346.21%
907.52%
Net Income, GAAP
66.07%
94.74%
88.32%
Sales/Revenue/Turnover
31.34%
57.92%
63.84%
Total Cash Common Dividend
31.52%
36.7%
53.33%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6,019
7,407
7,681
8,466
27,377
2026
9,580
10,684
12,441
15,635
44,854
2027
15,660
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6.43
8.42
5.33
12
32.18
2026
13.09
13.56
14.61
19.35
60.61
2027
21.22
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
5
2026
- -
- -
- -
- -
7.67
2027
- -
- -
- -
- -
- -

Company Description

CEO
Sundararaman Ramamurthy
Full Time Employees
1,625
Sector
Finance
Industry
Investment banks/Brokers
Address
Phiroze Jeejeebhoy Towers Mumbai MA India 400001
IPO Date
Feb 3, 2017
Business
BSE Limited, founded in 1875 and headquartered in Mumbai, India, operates as a premier stock exchange platform providing a comprehensive range of financial market services primarily in India. Its core offerings include trading platforms for equity shares, debt instruments, derivatives, mutual funds, and currencies. BSE also facilitates capital-raising activities and offers market infrastructure solutions, including indices and electronic trading systems. The company serves a broad customer base comprising retail investors, institutional investors, brokers, and issuers, and it operates through multiple subsidiaries focused on technology, investment, and administration. In recent major developments, BSE has approved the merger of its wholly owned subsidiaries, BSE Investments Limited and BSE Administration and Supervision Limited, with BSE Technologies Private Limited to consolidate operations and achieve greater strategic alignment and operational efficiencies. Additionally, BSE increased its stake in India International Exchange (India INX) to 65.27% through an investment via rights issue and announced the launch of a new product as per SEBI guidelines in 2024. These strategic moves aim to streamline business functions and expand BSE's technological capabilities and market reach. BSE Limited is recognized as the first stock exchange in Asia and maintains a dominant position in the Indian financial markets. Its business segments cover financial and commodity market operations, investment banking services, and regulatory compliance, with a strong focus on innovation and service expansion in domestic and international markets. The consolidation and recent investments reflect BSE's continued drive to enhance its competitive edge and expand its financial services ecosystem.