Share Price and Basic Stock Data
Last Updated: November 10, 2025, 8:26 pm
| PEG Ratio | 1.51 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
BSE Ltd, a leading exchange in India, reported a significant rise in sales, which stood at ₹3,443 Cr for the trailing twelve months (TTM). The revenue has shown a robust upward trajectory, with annual sales increasing from ₹841 Cr in March 2022 to ₹1,568 Cr in March 2024, and projected to reach ₹3,212 Cr by March 2025. This growth is indicative of the exchange’s expanding market presence and operational scalability. In the recent quarters, sales recorded for June 2023, September 2023, and December 2023 were ₹260 Cr, ₹362 Cr, and ₹426 Cr respectively. The operating profit margin (OPM) has also been impressive, averaging around 54% for the TTM, which is significantly higher than the typical sector average, reflecting BSE Ltd’s effective cost management strategies. The exchange’s sales performance and operational efficiency position it favorably in the competitive landscape of financial exchanges in India.
Profitability and Efficiency Metrics
BSE Ltd’s profitability metrics illustrate a strong financial performance, with a net profit of ₹1,596 Cr reported for the TTM. The net profit margin stood at 38.59% for March 2025, showcasing the company’s ability to convert a significant portion of revenue into profit. The return on equity (ROE) was reported at 36%, indicating efficient use of shareholders’ funds, while the return on capital employed (ROCE) rose to 46.6%. The interest coverage ratio (ICR) of an extraordinary 62,289.67x underscores the company’s financial stability, as it comfortably covers its interest obligations. The cash conversion cycle is efficient at 35 days, which further contributes to the company’s liquidity and operational efficiency. These figures highlight BSE Ltd’s strong profitability and effective resource management, setting a high standard within the exchanges sector.
Balance Sheet Strength and Financial Ratios
BSE Ltd’s balance sheet reflects a robust financial position, with total assets of ₹10,342 Cr and zero borrowings, indicating a debt-free status that enhances financial flexibility. The company’s reserves grew from ₹2,627 Cr in March 2022 to ₹4,397 Cr in March 2025, demonstrating effective capital retention and reinvestment strategies. The price-to-book value (P/BV) ratio stood at 16.77x, which is relatively high compared to typical sector values, indicating strong market expectations for future growth. The current ratio of 1.59x suggests adequate liquidity to meet short-term obligations. Furthermore, the equity capital remained stable at ₹27 Cr, reflecting the stability of shareholder contributions. Overall, BSE Ltd’s balance sheet strength, characterized by high reserves and low leverage, positions it favorably against peers in the financial exchanges industry.
Shareholding Pattern and Investor Confidence
The shareholding pattern of BSE Ltd indicates a diversified ownership structure, with the public holding 50.01%, foreign institutional investors (FIIs) at 18.14%, and domestic institutional investors (DIIs) at 11.27%. The increase in FII stake from 10.58% in September 2022 to 18.14% in March 2025 reflects growing confidence among foreign investors in the company’s prospects. Meanwhile, the public shareholding has seen a gradual decline from 62.79% in September 2022 to 50.01%, indicating a shift towards institutional ownership. The number of shareholders rose significantly to 9,49,953 by June 2025, suggesting increasing retail participation and investor interest. This diverse and expanding shareholder base enhances stability and provides a buffer against market volatility, reflecting positive investor sentiment in BSE Ltd.
Outlook, Risks, and Final Insight
BSE Ltd’s outlook appears promising due to its strong financial metrics and market position. However, risks include potential regulatory changes that could impact market operations and competition from other exchanges. The company’s reliance on transaction volumes for revenue generation makes it susceptible to market fluctuations, which could affect profitability. Additionally, the high P/BV ratio may suggest overvaluation, which could pose risks if growth does not meet investor expectations. To sustain its growth trajectory, BSE Ltd must continue to innovate and adapt to market dynamics. A focus on enhancing technology and customer engagement could mitigate risks and foster further growth. Overall, BSE Ltd stands well-positioned to capitalize on opportunities in the growing Indian financial markets, provided it navigates the inherent risks effectively.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of BSE Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Indian Energy Exchange Ltd (IEX) | 12,452 Cr. | 140 | 215/130 | 27.7 | 13.5 | 2.15 % | 53.6 % | 40.5 % | 1.00 |
| BSE Ltd | 1,06,775 Cr. | 2,625 | 3,030/1,227 | 67.3 | 109 | 0.23 % | 46.6 % | 36.0 % | 2.00 |
| Industry Average | 59,613.50 Cr | 1,382.50 | 47.50 | 61.25 | 1.19% | 50.10% | 38.25% | 1.50 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 193 | 234 | 239 | 259 | 260 | 362 | 426 | 539 | 602 | 813 | 825 | 847 | 958 |
| Expenses | 137 | 184 | 165 | 132 | 146 | 173 | 280 | 388 | 319 | 358 | 533 | 362 | 332 |
| Operating Profit | 56 | 50 | 74 | 127 | 114 | 189 | 146 | 151 | 282 | 456 | 293 | 484 | 626 |
| OPM % | 29% | 21% | 31% | 49% | 44% | 52% | 34% | 28% | 47% | 56% | 35% | 57% | 65% |
| Other Income | 16 | 21 | 20 | 22 | 430 | 24 | 22 | 29 | 91 | 30 | 26 | 205 | 114 |
| Interest | 8 | 7 | 6 | 6 | 7 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 10 | 12 | 17 | 21 | 21 | 23 | 25 | 26 | 24 | 29 | 30 | 30 | 27 |
| Profit before tax | 54 | 51 | 71 | 122 | 516 | 182 | 143 | 154 | 349 | 457 | 288 | 660 | 713 |
| Tax % | 25% | 42% | 33% | 27% | 15% | 35% | 26% | 30% | 24% | 24% | 24% | 25% | 25% |
| Net Profit | 40 | 29 | 48 | 89 | 440 | 118 | 106 | 107 | 264 | 346 | 219 | 494 | 538 |
| EPS in Rs | 1.08 | 0.83 | 1.27 | 2.24 | 10.89 | 2.97 | 2.66 | 2.64 | 6.53 | 8.54 | 5.41 | 12.17 | 13.28 |
Last Updated: August 20, 2025, 12:35 pm
Below is a detailed analysis of the quarterly data for BSE Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 958.00 Cr.. The value appears strong and on an upward trend. It has increased from 847.00 Cr. (Mar 2025) to 958.00 Cr., marking an increase of 111.00 Cr..
- For Expenses, as of Jun 2025, the value is 332.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 362.00 Cr. (Mar 2025) to 332.00 Cr., marking a decrease of 30.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 626.00 Cr.. The value appears strong and on an upward trend. It has increased from 484.00 Cr. (Mar 2025) to 626.00 Cr., marking an increase of 142.00 Cr..
- For OPM %, as of Jun 2025, the value is 65.00%. The value appears strong and on an upward trend. It has increased from 57.00% (Mar 2025) to 65.00%, marking an increase of 8.00%.
- For Other Income, as of Jun 2025, the value is 114.00 Cr.. The value appears to be declining and may need further review. It has decreased from 205.00 Cr. (Mar 2025) to 114.00 Cr., marking a decrease of 91.00 Cr..
- For Interest, as of Jun 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Depreciation, as of Jun 2025, the value is 27.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 30.00 Cr. (Mar 2025) to 27.00 Cr., marking a decrease of 3.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 713.00 Cr.. The value appears strong and on an upward trend. It has increased from 660.00 Cr. (Mar 2025) to 713.00 Cr., marking an increase of 53.00 Cr..
- For Tax %, as of Jun 2025, the value is 25.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 25.00%.
- For Net Profit, as of Jun 2025, the value is 538.00 Cr.. The value appears strong and on an upward trend. It has increased from 494.00 Cr. (Mar 2025) to 538.00 Cr., marking an increase of 44.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 13.28. The value appears strong and on an upward trend. It has increased from 12.17 (Mar 2025) to 13.28, marking an increase of 1.11.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:33 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 485 | 584 | 635 | 572 | 676 | 652 | 609 | 630 | 841 | 925 | 1,568 | 3,212 | 3,443 |
| Expenses | 240 | 293 | 392 | 381 | 401 | 434 | 482 | 429 | 489 | 609 | 857 | 1,336 | 1,585 |
| Operating Profit | 245 | 290 | 243 | 190 | 274 | 219 | 127 | 202 | 352 | 316 | 711 | 1,876 | 1,858 |
| OPM % | 51% | 50% | 38% | 33% | 41% | 34% | 21% | 32% | 42% | 34% | 45% | 58% | 54% |
| Other Income | -18 | -10 | 23 | 137 | 529 | 56 | 62 | 19 | 52 | 78 | 417 | 22 | 375 |
| Interest | 0 | 1 | 0 | 1 | 1 | 1 | 2 | 10 | 28 | 37 | 39 | 32 | 0 |
| Depreciation | 32 | 59 | 54 | 50 | 45 | 51 | 51 | 58 | 48 | 60 | 95 | 113 | 116 |
| Profit before tax | 194 | 221 | 212 | 276 | 757 | 223 | 135 | 153 | 327 | 297 | 995 | 1,754 | 2,118 |
| Tax % | 18% | 20% | 17% | 4% | 7% | 10% | 11% | 7% | 25% | 31% | 22% | 25% | |
| Net Profit | 160 | 177 | 177 | 265 | 702 | 199 | 121 | 142 | 245 | 206 | 772 | 1,322 | 1,596 |
| EPS in Rs | 1.45 | 1.66 | 1.38 | 4.57 | 14.22 | 4.27 | 3.02 | 3.58 | 6.27 | 5.43 | 19.17 | 32.65 | 39.40 |
| Dividend Payout % | 31% | 33% | 61% | 68% | 28% | 78% | 63% | 65% | 72% | 74% | 26% | 23% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 10.62% | 0.00% | 49.72% | 164.91% | -71.65% | -39.20% | 17.36% | 72.54% | -15.92% | 274.76% | 71.24% |
| Change in YoY Net Profit Growth (%) | 0.00% | -10.62% | 49.72% | 115.19% | -236.56% | 32.46% | 56.55% | 55.18% | -88.45% | 290.68% | -203.51% |
BSE Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 40% |
| 3 Years: | 56% |
| TTM: | 79% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 65% |
| 3 Years: | 70% |
| TTM: | 165% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 107% |
| 3 Years: | 116% |
| 1 Year: | 141% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 18% |
| 3 Years: | 23% |
| Last Year: | 36% |
Last Updated: September 5, 2025, 1:25 am
Balance Sheet
Last Updated: August 11, 2025, 1:46 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 11 | 11 | 11 | 10 | 9 | 9 | 27 | 27 | 27 | 27 |
| Reserves | 2,366 | 2,450 | 2,512 | 2,652 | 3,070 | 2,918 | 2,416 | 2,498 | 2,627 | 2,674 | 3,275 | 4,397 |
| Borrowings | 2 | 4 | 1 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1,688 | 1,730 | 1,717 | 2,517 | 1,918 | 1,575 | 2,051 | 2,120 | 3,531 | 3,293 | 6,148 | 5,918 |
| Total Liabilities | 4,066 | 4,195 | 4,240 | 5,183 | 4,998 | 4,504 | 4,476 | 4,627 | 6,185 | 5,994 | 9,450 | 10,342 |
| Fixed Assets | 190 | 251 | 241 | 249 | 207 | 204 | 190 | 184 | 161 | 252 | 285 | 300 |
| CWIP | 34 | 4 | 3 | 6 | 7 | 18 | 22 | 4 | 10 | 2 | 15 | 54 |
| Investments | 2,186 | 2,276 | 2,115 | 1,996 | 2,442 | 2,380 | 2,132 | 1,844 | 1,968 | 1,453 | 2,390 | 2,845 |
| Other Assets | 1,656 | 1,664 | 1,882 | 2,931 | 2,342 | 1,902 | 2,132 | 2,595 | 4,046 | 4,286 | 6,761 | 7,142 |
| Total Assets | 4,066 | 4,195 | 4,240 | 5,183 | 4,998 | 4,504 | 4,476 | 4,627 | 6,185 | 5,994 | 9,450 | 10,342 |
Below is a detailed analysis of the balance sheet data for BSE Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 27.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 27.00 Cr..
- For Reserves, as of Mar 2025, the value is 4,397.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,275.00 Cr. (Mar 2024) to 4,397.00 Cr., marking an increase of 1,122.00 Cr..
- For Borrowings, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 5,918.00 Cr.. The value appears to be improving (decreasing). It has decreased from 6,148.00 Cr. (Mar 2024) to 5,918.00 Cr., marking a decrease of 230.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 10,342.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,450.00 Cr. (Mar 2024) to 10,342.00 Cr., marking an increase of 892.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 300.00 Cr.. The value appears strong and on an upward trend. It has increased from 285.00 Cr. (Mar 2024) to 300.00 Cr., marking an increase of 15.00 Cr..
- For CWIP, as of Mar 2025, the value is 54.00 Cr.. The value appears strong and on an upward trend. It has increased from 15.00 Cr. (Mar 2024) to 54.00 Cr., marking an increase of 39.00 Cr..
- For Investments, as of Mar 2025, the value is 2,845.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,390.00 Cr. (Mar 2024) to 2,845.00 Cr., marking an increase of 455.00 Cr..
- For Other Assets, as of Mar 2025, the value is 7,142.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,761.00 Cr. (Mar 2024) to 7,142.00 Cr., marking an increase of 381.00 Cr..
- For Total Assets, as of Mar 2025, the value is 10,342.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,450.00 Cr. (Mar 2024) to 10,342.00 Cr., marking an increase of 892.00 Cr..
Notably, the Reserves (4,397.00 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 243.00 | 286.00 | 242.00 | 187.00 | 274.00 | 219.00 | 127.00 | 202.00 | 352.00 | 316.00 | 711.00 | 1.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 23 | 27 | 44 | 30 | 27 | 42 | 51 | 28 | 36 | 49 | 35 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 26 | 23 | 27 | 44 | 30 | 27 | 42 | 51 | 28 | 36 | 49 | 35 |
| Working Capital Days | -1,002 | -772 | -660 | -1,181 | -791 | -605 | -894 | -792 | -1,148 | -846 | -1,107 | -452 |
| ROCE % | 10% | 10% | 10% | 10% | 25% | 8% | 5% | 8% | 15% | 12% | 23% | 47% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Quant Small Cap Fund | 1,460,000 | 2.08 | 189.5 | 1,460,000 | 2025-04-22 16:59:20 | 0% |
| Nippon India Growth Fund | 748,156 | 0.5 | 97.11 | 748,156 | 2025-04-22 16:59:20 | 0% |
| Axis Small Cap Fund | 541,247 | 0.43 | 70.25 | 541,247 | 2025-04-22 16:59:20 | 0% |
| Motilal Oswal Focused Fund | 505,266 | 3.92 | 65.58 | 505,266 | 2025-04-22 16:59:20 | 0% |
| Quant Tax Plan | 490,000 | 1.29 | 63.6 | 490,000 | 2025-04-22 16:59:20 | 0% |
| Canara Robeco Equity Hybrid Fund | 370,000 | 0.61 | 54.88 | 370,000 | 2025-04-22 16:59:20 | 0% |
| Motilal Oswal Balance Advantage Fund | 290,094 | 4.77 | 37.65 | 290,094 | 2025-04-22 16:59:20 | 0% |
| Quant Quantamental Fund | 280,616 | 3.45 | 36.42 | 280,616 | 2025-04-22 16:59:20 | 0% |
| Quant Business Cycle Fund | 275,000 | 6.38 | 35.69 | 275,000 | 2025-04-22 16:59:20 | 0% |
| Invesco India Smallcap Fund | 201,675 | 0.95 | 26.18 | 201,675 | 2025-04-22 16:59:20 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 96.55 | 56.66 | 16.06 | 18.51 | 30.94 |
| Diluted EPS (Rs.) | 96.55 | 56.66 | 16.06 | 18.51 | 30.94 |
| Cash EPS (Rs.) | 99.94 | 58.76 | 16.00 | 16.93 | 34.76 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 326.84 | 255.24 | 208.86 | 206.26 | 559.09 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 326.84 | 255.24 | 208.86 | 206.26 | 559.09 |
| Revenue From Operations / Share (Rs.) | 237.31 | 117.66 | 68.28 | 54.95 | 111.42 |
| PBDIT / Share (Rs.) | 138.06 | 46.37 | 24.80 | 24.66 | 42.69 |
| PBIT / Share (Rs.) | 129.72 | 39.31 | 20.34 | 21.09 | 29.83 |
| PBT / Share (Rs.) | 123.06 | 68.25 | 18.31 | 19.45 | 24.32 |
| Net Profit / Share (Rs.) | 91.59 | 51.71 | 11.55 | 13.36 | 21.90 |
| NP After MI And SOA / Share (Rs.) | 97.96 | 57.51 | 16.29 | 18.80 | 32.20 |
| PBDIT Margin (%) | 58.17 | 39.40 | 36.31 | 44.87 | 38.31 |
| PBIT Margin (%) | 54.66 | 33.41 | 29.79 | 38.38 | 26.77 |
| PBT Margin (%) | 51.85 | 58.00 | 26.81 | 35.40 | 21.82 |
| Net Profit Margin (%) | 38.59 | 43.94 | 16.91 | 24.32 | 19.65 |
| NP After MI And SOA Margin (%) | 41.27 | 48.87 | 23.86 | 34.22 | 28.90 |
| Return on Networth / Equity (%) | 29.97 | 23.57 | 8.16 | 9.58 | 5.81 |
| Return on Capital Employeed (%) | 30.65 | 12.03 | 7.65 | 8.29 | 4.35 |
| Return On Assets (%) | 12.82 | 8.23 | 3.68 | 4.11 | 3.13 |
| Asset Turnover Ratio (%) | 0.32 | 0.20 | 0.15 | 0.15 | 0.11 |
| Current Ratio (X) | 1.59 | 1.19 | 1.61 | 1.80 | 2.04 |
| Quick Ratio (X) | 1.59 | 1.19 | 1.61 | 1.80 | 2.04 |
| Dividend Payout Ratio (NP) (%) | 15.53 | 21.18 | 84.06 | 37.82 | 49.24 |
| Dividend Payout Ratio (CP) (%) | 14.31 | 18.87 | 66.01 | 31.78 | 35.18 |
| Earning Retention Ratio (%) | 84.47 | 78.82 | 15.94 | 62.18 | 50.76 |
| Cash Earning Retention Ratio (%) | 85.69 | 81.13 | 33.99 | 68.22 | 64.82 |
| Interest Coverage Ratio (X) | 62289.67 | 41.70 | 12.22 | 15.06 | 18.65 |
| Interest Coverage Ratio (Post Tax) (X) | 44150.00 | 20.48 | 6.69 | 9.16 | 11.98 |
| Enterprise Value (Cr.) | 69137.20 | 29742.23 | 2915.49 | 9391.13 | 666.59 |
| EV / Net Operating Revenue (X) | 21.52 | 18.68 | 3.15 | 12.64 | 1.33 |
| EV / EBITDA (X) | 37.00 | 47.39 | 8.68 | 28.16 | 3.47 |
| MarketCap / Net Operating Revenue (X) | 23.09 | 21.38 | 6.31 | 17.18 | 5.13 |
| Retention Ratios (%) | 84.46 | 78.81 | 15.93 | 62.17 | 50.75 |
| Price / BV (X) | 16.77 | 10.31 | 2.16 | 4.81 | 1.03 |
| Price / Net Operating Revenue (X) | 23.09 | 21.38 | 6.31 | 17.18 | 5.13 |
| EarningsYield | 0.01 | 0.02 | 0.03 | 0.01 | 0.05 |
After reviewing the key financial ratios for BSE Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 96.55. This value is within the healthy range. It has increased from 56.66 (Mar 24) to 96.55, marking an increase of 39.89.
- For Diluted EPS (Rs.), as of Mar 25, the value is 96.55. This value is within the healthy range. It has increased from 56.66 (Mar 24) to 96.55, marking an increase of 39.89.
- For Cash EPS (Rs.), as of Mar 25, the value is 99.94. This value is within the healthy range. It has increased from 58.76 (Mar 24) to 99.94, marking an increase of 41.18.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 326.84. It has increased from 255.24 (Mar 24) to 326.84, marking an increase of 71.60.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 326.84. It has increased from 255.24 (Mar 24) to 326.84, marking an increase of 71.60.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 237.31. It has increased from 117.66 (Mar 24) to 237.31, marking an increase of 119.65.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 138.06. This value is within the healthy range. It has increased from 46.37 (Mar 24) to 138.06, marking an increase of 91.69.
- For PBIT / Share (Rs.), as of Mar 25, the value is 129.72. This value is within the healthy range. It has increased from 39.31 (Mar 24) to 129.72, marking an increase of 90.41.
- For PBT / Share (Rs.), as of Mar 25, the value is 123.06. This value is within the healthy range. It has increased from 68.25 (Mar 24) to 123.06, marking an increase of 54.81.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 91.59. This value is within the healthy range. It has increased from 51.71 (Mar 24) to 91.59, marking an increase of 39.88.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 97.96. This value is within the healthy range. It has increased from 57.51 (Mar 24) to 97.96, marking an increase of 40.45.
- For PBDIT Margin (%), as of Mar 25, the value is 58.17. This value is within the healthy range. It has increased from 39.40 (Mar 24) to 58.17, marking an increase of 18.77.
- For PBIT Margin (%), as of Mar 25, the value is 54.66. This value exceeds the healthy maximum of 20. It has increased from 33.41 (Mar 24) to 54.66, marking an increase of 21.25.
- For PBT Margin (%), as of Mar 25, the value is 51.85. This value is within the healthy range. It has decreased from 58.00 (Mar 24) to 51.85, marking a decrease of 6.15.
- For Net Profit Margin (%), as of Mar 25, the value is 38.59. This value exceeds the healthy maximum of 10. It has decreased from 43.94 (Mar 24) to 38.59, marking a decrease of 5.35.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 41.27. This value exceeds the healthy maximum of 20. It has decreased from 48.87 (Mar 24) to 41.27, marking a decrease of 7.60.
- For Return on Networth / Equity (%), as of Mar 25, the value is 29.97. This value is within the healthy range. It has increased from 23.57 (Mar 24) to 29.97, marking an increase of 6.40.
- For Return on Capital Employeed (%), as of Mar 25, the value is 30.65. This value is within the healthy range. It has increased from 12.03 (Mar 24) to 30.65, marking an increase of 18.62.
- For Return On Assets (%), as of Mar 25, the value is 12.82. This value is within the healthy range. It has increased from 8.23 (Mar 24) to 12.82, marking an increase of 4.59.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.32. It has increased from 0.20 (Mar 24) to 0.32, marking an increase of 0.12.
- For Current Ratio (X), as of Mar 25, the value is 1.59. This value is within the healthy range. It has increased from 1.19 (Mar 24) to 1.59, marking an increase of 0.40.
- For Quick Ratio (X), as of Mar 25, the value is 1.59. This value is within the healthy range. It has increased from 1.19 (Mar 24) to 1.59, marking an increase of 0.40.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 15.53. This value is below the healthy minimum of 20. It has decreased from 21.18 (Mar 24) to 15.53, marking a decrease of 5.65.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 14.31. This value is below the healthy minimum of 20. It has decreased from 18.87 (Mar 24) to 14.31, marking a decrease of 4.56.
- For Earning Retention Ratio (%), as of Mar 25, the value is 84.47. This value exceeds the healthy maximum of 70. It has increased from 78.82 (Mar 24) to 84.47, marking an increase of 5.65.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 85.69. This value exceeds the healthy maximum of 70. It has increased from 81.13 (Mar 24) to 85.69, marking an increase of 4.56.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 62,289.67. This value is within the healthy range. It has increased from 41.70 (Mar 24) to 62,289.67, marking an increase of 62,247.97.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 44,150.00. This value is within the healthy range. It has increased from 20.48 (Mar 24) to 44,150.00, marking an increase of 44,129.52.
- For Enterprise Value (Cr.), as of Mar 25, the value is 69,137.20. It has increased from 29,742.23 (Mar 24) to 69,137.20, marking an increase of 39,394.97.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 21.52. This value exceeds the healthy maximum of 3. It has increased from 18.68 (Mar 24) to 21.52, marking an increase of 2.84.
- For EV / EBITDA (X), as of Mar 25, the value is 37.00. This value exceeds the healthy maximum of 15. It has decreased from 47.39 (Mar 24) to 37.00, marking a decrease of 10.39.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 23.09. This value exceeds the healthy maximum of 3. It has increased from 21.38 (Mar 24) to 23.09, marking an increase of 1.71.
- For Retention Ratios (%), as of Mar 25, the value is 84.46. This value exceeds the healthy maximum of 70. It has increased from 78.81 (Mar 24) to 84.46, marking an increase of 5.65.
- For Price / BV (X), as of Mar 25, the value is 16.77. This value exceeds the healthy maximum of 3. It has increased from 10.31 (Mar 24) to 16.77, marking an increase of 6.46.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 23.09. This value exceeds the healthy maximum of 3. It has increased from 21.38 (Mar 24) to 23.09, marking an increase of 1.71.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.02 (Mar 24) to 0.01, marking a decrease of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in BSE Ltd:
- Net Profit Margin: 38.59%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 30.65% (Industry Average ROCE: 50.1%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 29.97% (Industry Average ROE: 38.25%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 44150
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.59
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 67.3 (Industry average Stock P/E: 47.5)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 38.59%
FAQ
What is the intrinsic value of BSE Ltd?
BSE Ltd's intrinsic value (as of 10 November 2025) is 2117.54 which is 19.33% lower the current market price of 2,625.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,06,775 Cr. market cap, FY2025-2026 high/low of 3,030/1,227, reserves of ₹4,397 Cr, and liabilities of 10,342 Cr.
What is the Market Cap of BSE Ltd?
The Market Cap of BSE Ltd is 1,06,775 Cr..
What is the current Stock Price of BSE Ltd as on 10 November 2025?
The current stock price of BSE Ltd as on 10 November 2025 is 2,625.
What is the High / Low of BSE Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of BSE Ltd stocks is 3,030/1,227.
What is the Stock P/E of BSE Ltd?
The Stock P/E of BSE Ltd is 67.3.
What is the Book Value of BSE Ltd?
The Book Value of BSE Ltd is 109.
What is the Dividend Yield of BSE Ltd?
The Dividend Yield of BSE Ltd is 0.23 %.
What is the ROCE of BSE Ltd?
The ROCE of BSE Ltd is 46.6 %.
What is the ROE of BSE Ltd?
The ROE of BSE Ltd is 36.0 %.
What is the Face Value of BSE Ltd?
The Face Value of BSE Ltd is 2.00.