National Stock Exchange of India Limited

BSE: NSE · Exchange and Data Platform

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52W Range₹1,640 – ₹1,954

Snapshot

Unlock National Stock Exchange of India Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

National Stock Exchange of India Limited is a premier market infrastructure institution operating an advanced electronic trading platform across multiple asset classes. The exchange facilitates trading in equities, debt, equity derivatives, currency derivatives, and commodities, while providing critical market data, indices, and clearing services.

Business Model

The company generates revenue primarily through transaction fees on trading volumes across its diverse asset classes, alongside income from market data services, index licensing, and technology solutions.

Growth Outlook

Growth is driven by increasing retail participation in Indian financial markets, ongoing capital formation, and the expansion of new asset classes and technology solutions.

Key Risks

  • Regulatory and Compliance Risk. As a critical market infrastructure institution, the exchange is subject to stringent oversight and policy changes by regulators such as SEBI.
  • Technology and Operational Risk. Any technical failures, cyber security breaches, or disruptions in the automated trading systems could severely impact market operations and investor confidence.
  • Market Volatility and Volume Dependence. Revenue is largely tied to trading volumes, which can fluctuate significantly based on broader macroeconomic conditions and market sentiment.

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Peers · Exchange and Data Platform

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
National Stock Exchange of India LimitedNSE
₹4.60L Cr———68.0%———
BSE Ltd.BSE
₹1.33L Cr44.3×34.0663.7%71.1%50.9%53.4%+46.3%
Multi Commodity Exchange of India Ltd.MCX
₹86,034 Cr35.0×41.76110.2%77.6%65.2%54.2%-59.9%
Indian Energy Exchange Ltd.IEX
₹10,090 Cr18.6×15.0213.7%106.0%40.5%49.5%-24.9%

As of Mar 2026

Financials