BSE Ltd.

NSE: BSE · Exchange and Data Platform

52W Range₹2,022 ₹4,447

Snapshot

Unlock BSE Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

BSE Limited operates a comprehensive financial market infrastructure, providing platforms for trading in equities, debt, derivatives, and mutual funds. It also offers clearing, settlement, depository, and data dissemination services, alongside the supervision of investment advisers.

Business Model

The company generates revenue through transaction charges, listing fees, data subscription services, and depository operations. It further monetises its infrastructure by providing IT support, risk management services, and operating specialised platforms for SMEs and agricultural commodities.

Growth Outlook

Growth is driven by increasing retail participation in Indian capital markets, the expansion of mutual fund distribution platforms, and the scaling of its SME and commodity trading segments.

Key Risks

  • Regulatory Risk. Changes in SEBI regulations regarding transaction fees or market structure could significantly impact profitability.
  • Competitive Pressure. Intense competition from the National Stock Exchange (NSE) and other emerging financial platforms may lead to pricing pressure.
  • Technology and Cyber Risk. As a critical financial infrastructure provider, the company faces significant risks from system outages, cyberattacks, or data breaches.
  • Market Volatility. Trading volumes are highly sensitive to macroeconomic conditions and investor sentiment, which can lead to revenue fluctuations.

Start your research today

Unlock AI insights, financials, peers and live data on BSE Ltd. and 5,000+ companies — free.

Start your research

Key Metrics

REVENUE

₹5,442 Cr

TTM · consolidated

+63.7%YoY

NET PROFIT

₹2,822 Cr

TTM · consolidated

+76.8%YoY

EPS

₹68.74

TTM · consolidated

-23.9%YoY

RETURN ON EQUITY

50.9%

TTM · consolidated

+14.8 ppYoY

RETURN ON CAPITAL EMPLOYED

53.4%

TTM · consolidated

+18.1 ppYoY

P/E

49.6x

Q1 FY27 · consolidated

49.6 vs 76.4x5Y avg

EV/EBITDA

35.5x

Q1 FY27 · consolidated

35.5 vs 183.7x5Y avg

EBITDA MARGIN

71.1%

TTM · consolidated

+6.6 ppYoY

NET PROFIT MARGIN

55.7%

Q1 FY27 · consolidated

-0.5 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

+0.00xYoY

Peers · Exchange and Data Platform

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
BSE Ltd.BSE
₹1.39L Cr49.6035.5363.7%71.1%50.9%53.4%+53.6%
Multi Commodity Exchange of India Ltd.MCX
₹83,520 Cr28.4646.72106.9%76.9%62.7%51.9%-57.1%
Indian Energy Exchange Ltd.IEX
₹10,603 Cr20.8615.7813.7%106.0%40.5%49.5%-16.6%

As of Q1 FY27

Financials