Share Price and Basic Stock Data
Last Updated: December 19, 2025, 3:49 pm
| PEG Ratio | 1.27 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
BSE Ltd, one of India’s leading exchanges, has demonstrated significant revenue growth, reflecting its robust market position. For the fiscal year ending March 2025, BSE recorded sales of ₹3,212 Cr, a substantial increase from ₹925 Cr in March 2023. This impressive growth trajectory is underscored by quarterly sales, which rose from ₹259 Cr in March 2023 to ₹539 Cr by March 2024, with a further increase anticipated in subsequent quarters. The company’s revenue from operations per share reached ₹237.31 in March 2025, nearly doubling from ₹117.66 a year prior. This upward trend signifies not only an expanding customer base but also an enhanced ability to capture market opportunities. The exchange’s ability to navigate a competitive landscape while increasing transaction volumes and service offerings is commendable and positions it well for sustained growth.
Profitability and Efficiency Metrics
Profitability metrics for BSE are strikingly strong, with the reported net profit for March 2025 standing at ₹1,322 Cr, a significant leap from ₹206 Cr in March 2023. This robust performance is complemented by a net profit margin of 38.59% for the same period, indicating effective cost management and operational efficiency. Operating profit margins, too, appear healthy, with an OPM of 58% in March 2025, reflecting the company’s ability to maintain high profitability even amidst rising expenses, which have also surged to ₹1,336 Cr. The interest coverage ratio is an astonishing 62,289.67x, underscoring BSE’s lack of debt and its ability to comfortably meet any financial obligations. However, the company’s operating profit margin saw fluctuations throughout the fiscal year, hinting at potential vulnerabilities in cost control that investors should monitor closely.
Balance Sheet Strength and Financial Ratios
BSE’s balance sheet exhibits remarkable strength, particularly with zero borrowings reported. This positions the company in a stellar light, especially considering the current market dynamics where many firms are grappling with high debt levels. The reserves have grown significantly, reaching ₹4,397 Cr by March 2025, which enhances the company’s financial stability and provides a buffer for future investments or economic downturns. The price-to-book value ratio of 16.77x indicates that the stock may be trading at a premium, reflecting investor optimism about its growth prospects. Furthermore, the return on equity (ROE) at 36% and return on capital employed (ROCE) at 47% are indicative of highly efficient capital utilization. However, the high P/E ratio of 63.4 suggests that the stock is priced for very high growth, which might concern more risk-averse investors.
Shareholding Pattern and Investor Confidence
The shareholding pattern of BSE Ltd reveals a diversified ownership structure, with public shareholders holding 63.76% as of March 2025, while foreign institutional investors (FIIs) and domestic institutional investors (DIIs) hold 16.25% and 19.91%, respectively. This balanced distribution indicates a healthy level of investor confidence in the company’s prospects. Over the past year, institutional holdings have seen an upward trend, particularly in FIIs, which increased from 12.03% in December 2023 to 16.78% by March 2025. This growing interest from institutional players can be seen as a vote of confidence in BSE’s strategic direction and financial health. However, the decline in public shareholding from earlier periods may signal a shift in sentiment among retail investors, which is something to watch as the market evolves.
Outlook, Risks, and Final Insight
Looking ahead, BSE Ltd appears well-positioned to capitalize on the growing Indian financial markets, driven by its strong fundamentals and operational efficiency. However, potential risks remain, including the volatility of trading volumes and regulatory changes that could impact its business model. The company’s reliance on transaction fees as a primary revenue source makes it vulnerable to fluctuations in trading activity. Additionally, as the stock trades at a high valuation, any slowdown in growth may lead to sharp corrections in its share price. Investors should weigh these factors carefully, considering both the promising growth narrative and the inherent risks. Overall, BSE’s financial health and operational prowess provide a solid foundation, but vigilance around market dynamics will be essential for navigating the future landscape.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Indian Energy Exchange Ltd (IEX) | 12,609 Cr. | 141 | 215/130 | 28.0 | 13.5 | 2.12 % | 53.6 % | 40.5 % | 1.00 |
| BSE Ltd | 1,09,352 Cr. | 2,685 | 3,030/1,227 | 60.8 | 128 | 0.22 % | 46.6 % | 36.0 % | 2.00 |
| Industry Average | 60,980.50 Cr | 1,413.00 | 44.40 | 70.75 | 1.17% | 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: December 15, 2025, 5:32 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 | 3,698 |
| Expenses | 240 | 293 | 392 | 381 | 401 | 434 | 482 | 429 | 489 | 609 | 857 | 1,336 | 1,616 |
| Operating Profit | 245 | 290 | 243 | 190 | 274 | 219 | 127 | 202 | 352 | 316 | 711 | 1,876 | 2,083 |
| OPM % | 51% | 50% | 38% | 33% | 41% | 34% | 21% | 32% | 42% | 34% | 45% | 58% | 56% |
| Other Income | -18 | -10 | 23 | 137 | 529 | 56 | 62 | 19 | 52 | 78 | 417 | 22 | 437 |
| 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 | 119 |
| Profit before tax | 194 | 221 | 212 | 276 | 757 | 223 | 135 | 153 | 327 | 297 | 995 | 1,754 | 2,400 |
| 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 | 1,807 |
| 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 | 44.59 |
| 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: December 10, 2025, 2:29 am
| 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 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 11 | 11 | 11 | 10 | 9 | 9 | 27 | 27 | 27 | 27 | 81 |
| 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 | 5,129 |
| Borrowings | 2 | 4 | 1 | 3 | 0 | 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 | 5,928 |
| 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 | 11,138 |
| Fixed Assets | 190 | 251 | 241 | 249 | 207 | 204 | 190 | 184 | 161 | 252 | 285 | 300 | 416 |
| CWIP | 34 | 4 | 3 | 6 | 7 | 18 | 22 | 4 | 10 | 2 | 15 | 54 | 214 |
| 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 | 3,827 |
| 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 | 6,682 |
| 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 | 11,138 |
Below is a detailed analysis of the balance sheet data for BSE Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 81.00 Cr.. The value appears strong and on an upward trend. It has increased from 27.00 Cr. (Mar 2025) to 81.00 Cr., marking an increase of 54.00 Cr..
- For Reserves, as of Sep 2025, the value is 5,129.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,397.00 Cr. (Mar 2025) to 5,129.00 Cr., marking an increase of 732.00 Cr..
- For Borrowings, as of Sep 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 2025) which recorded 0.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 5,928.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,918.00 Cr. (Mar 2025) to 5,928.00 Cr., marking an increase of 10.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 11,138.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 10,342.00 Cr. (Mar 2025) to 11,138.00 Cr., marking an increase of 796.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 416.00 Cr.. The value appears strong and on an upward trend. It has increased from 300.00 Cr. (Mar 2025) to 416.00 Cr., marking an increase of 116.00 Cr..
- For CWIP, as of Sep 2025, the value is 214.00 Cr.. The value appears strong and on an upward trend. It has increased from 54.00 Cr. (Mar 2025) to 214.00 Cr., marking an increase of 160.00 Cr..
- For Investments, as of Sep 2025, the value is 3,827.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,845.00 Cr. (Mar 2025) to 3,827.00 Cr., marking an increase of 982.00 Cr..
- For Other Assets, as of Sep 2025, the value is 6,682.00 Cr.. The value appears to be declining and may need further review. It has decreased from 7,142.00 Cr. (Mar 2025) to 6,682.00 Cr., marking a decrease of 460.00 Cr..
- For Total Assets, as of Sep 2025, the value is 11,138.00 Cr.. The value appears strong and on an upward trend. It has increased from 10,342.00 Cr. (Mar 2025) to 11,138.00 Cr., marking an increase of 796.00 Cr..
Notably, the Reserves (5,129.00 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
| 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
| 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 |
|---|---|---|---|---|---|---|
| Nippon India Growth Mid Cap Fund | 5,100,000 | 3.52 | 1480.22 | N/A | N/A | N/A |
| Motilal Oswal Midcap Fund | 5,014,452 | 3.83 | 1455.39 | N/A | N/A | N/A |
| Kotak Flexicap Fund | 2,600,000 | 1.33 | 754.62 | 2,400,000 | 2025-12-15 01:34:48 | 8.33% |
| Kotak Midcap Fund | 2,057,415 | 0.99 | 597.14 | N/A | N/A | N/A |
| SBI Midcap Fund | 1,800,000 | 2.24 | 522.43 | N/A | N/A | N/A |
| Kotak Large & Midcap Fund | 1,600,000 | 1.55 | 464.38 | N/A | N/A | N/A |
| Invesco India Large & Mid Cap Fund | 1,580,775 | 4.88 | 458.8 | N/A | N/A | N/A |
| Invesco India Midcap Fund | 1,519,233 | 4.41 | 440.94 | N/A | N/A | N/A |
| ICICI Prudential Multicap Fund | 1,320,724 | 2.37 | 383.33 | N/A | N/A | N/A |
| Edelweiss Mid Cap Fund | 1,145,902 | 2.52 | 332.59 | N/A | N/A | N/A |
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 |
|---|---|
|
|
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: 60.8 (Industry average Stock P/E: 44.4)
- 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%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Exchanges | 25th Floor, Mumbai Maharashtra 400001 | bse.shareholders@bseindia.com http://www.bseindia.com |
| Management | |
|---|---|
| Name | Position Held |
| Prof. Subhasis Chaudhuri | Chairperson & Public Interest Director |
| Mr. Sundararaman Ramamurthy | Managing Director & CEO |
| Mr. Jagannath Mukkavilli | Non Independent Director |
| Justice(Retd) Shiavax Jal Vazifdar | Public Interest Director |
| Dr. Padmini Srinivasan | Public Interest Director |
| Mr. Nandkumar Saravade | Public Interest Director |
| Mr. Shamanna Balasubramanya | Public Interest Director |
| Mr. Rajiv Bansal | Public Interest Director |
FAQ
What is the intrinsic value of BSE Ltd?
BSE Ltd's intrinsic value (as of 20 December 2025) is 2246.26 which is 16.34% lower the current market price of 2,685.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,09,352 Cr. market cap, FY2025-2026 high/low of 3,030/1,227, reserves of ₹5,129 Cr, and liabilities of 11,138 Cr.
What is the Market Cap of BSE Ltd?
The Market Cap of BSE Ltd is 1,09,352 Cr..
What is the current Stock Price of BSE Ltd as on 20 December 2025?
The current stock price of BSE Ltd as on 20 December 2025 is 2,685.
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 60.8.
What is the Book Value of BSE Ltd?
The Book Value of BSE Ltd is 128.
What is the Dividend Yield of BSE Ltd?
The Dividend Yield of BSE Ltd is 0.22 %.
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.