BSE
BSE Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for BSE Ltd, framed against the sector median so the premium or discount is obvious at a glance.
BSE Ltd trades at a P/E of 67.23× and P/B of 20.91×, against the Financial Services sector median P/E of 18.17×.
Valuation
Profitability
Growth
Financial Health
BSE Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for BSE Ltd, switchable between annual and quarterly views, consolidated or standalone.
BSE Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,69,867.41 Cr and reported EPS of ₹60.21.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 477 | 450 | 451 | 501 | 743 | 816 | 1,390 | 2,957 | 4,834 |
| Other Income | 222 | 237 | 179 | 153 | 120 | 138 | 228 | 279 | 314 |
| Total Income | 699 | 687 | 630 | 655 | 864 | 954 | 1,618 | 3,236 | 5,148 |
| Gross Profit | 477 | 450 | 451 | 501 | 743 | 816 | 1,390 | 2,957 | 4,834 |
| +Operating Expenses | 377 | 434 | 500 | 463 | 530 | 618 | 990 | 1,458 | 1,755 |
| EBITDA | 100 | 17 | -49 | 39 | 213 | 197 | 400 | 1,500 | 3,079 |
| +Non-Operating Expenses | 44 | 38 | 85 | 54 | 70 | 88 | 517 | 113 | 159 |
| Profit Before Tax (PBT) | 273 | 188 | 109 | 109 | 263 | 248 | 924 | 1,666 | 3,234 |
| +Tax Expense | 55 | 23 | 15 | 11 | 82 | 92 | 224 | 431 | 824 |
| Profit After Tax (PAT) | 725 | 199 | 121 | 142 | 245 | 206 | 772 | 1,322 | 2,487 |
| Earnings Per Share (EPS) | 97.25 | 33.63 | 27.16 | 31.43 | 52.03 | 48.72 | 241.50 | 473.15 | 61.22 |
| Diluted Shares Outstanding (Nos.) | 7 | 6 | 5 | 5 | 5 | 5 | 3 | 3 | 41 |
| +Additional Disclosures | 944 | 527 | 589 | 570 | 662 | 760 | 1,169 | 1,660 | 2,019 |
| Sales Growth % | — | -5.59 | 0.05 | 11.29 | 48.22 | 9.74 | 70.44 | 112.75 | 63.46 |
| YoY Sales Growth % | — | -5.59 | 0.05 | 11.29 | 48.22 | 9.74 | 70.44 | 112.75 | 63.46 |
| Employee Cost % | 25 | 31 | 34 | 30 | 24 | 22 | 15 | 8 | 6 |
| Other Cost % | 54 | 65 | 77 | 63 | 47 | 54 | 57 | 41 | 30 |
| OPM % | 21 | 4 | -11 | 8 | 29 | 24 | 29 | 51 | 64 |
| Tax % | 20 | 12 | 14 | 10 | 31 | 37 | 24 | 26 | 25 |
| Profit Growth % | — | -72.50 | -39.48 | 17.49 | 72.85 | -16.04 | 275.23 | 71.36 | 88.10 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | — | — |
| Additional Fields | 55 | -34 | -100 | -19 | 165 | 137 | 304 | 1,387 | 2,920 |
BSE segment analysis: revenue and profit mix.
Disclosed business segments at BSE with their share of revenue and profit, switchable between consolidated and standalone reporting.
BSE discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
BSE Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy BSE Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
BSE Ltd's investment case rests on 6 positive markers and 6 flagged concerns drawn from the latest reported filings.
What you're getting.
BSE Ltd demonstrates robust profitability with 100% quarterly profit growth and a high operating profit margin (OPM) of 54%. Its strong ROCE of 46.6% showcases efficient capital utilization and high profitability.
The company's high return on equity (ROE) of 36% signifies efficient management of shareholder investments and strong growth potential. This is further supported by a considerable 59.2% quarterly sales variance, highlighting impressive revenue growth.
Despite a high price-to-earnings (PE) ratio of 62.80, BSE Ltd's impressive financial performance, including a substantial profit after tax (PAT) of 1586, suggests the valuation may be justified by its strong growth trajectory. The company also boasts a very low debt-to-equity ratio of 0.00, indicating a strong financial position.
FII holdings have significantly increased from 0% in June 2022 to 16.25% by September 2025, while DII holdings rose from 0.60% to 19.91% in the same period, indicating growing institutional investor confidence.
As a key player in the 'Exchange and Data Platform' industry within 'Financial Services,' BSE Ltd is well-positioned to capitalize on the expanding Indian capital markets and increasing investor participation.
What can break it.
The extremely low promoter holding percentage of 0% presents a significant risk to investors. This lack of promoter stake could lead to volatility and potentially hinder long-term strategic decision-making and investor confidence.
Despite a low debt-to-equity ratio of 0.00, the company's high price-to-book value of 22.50 suggests a significant premium to its net asset value, potentially making it vulnerable to market corrections and valuation adjustments.
Significant stock price volatility, with a 52-week high of 3030.00 and a low of 1227.00, highlights inherent investment risk. This fluctuation could be amplified by the 0% promoter holding and current premium valuation, impacting investor stability.
Intense competition from peers like MCX and IEX, which also operate in the exchange space, could pressure BSE's market share and profitability, potentially impacting its growth trajectory and pricing power.
As a financial exchange, BSE Ltd is highly susceptible to adverse regulatory changes or government policies, which could significantly impact its operational framework, revenue streams, and overall business model.
What would change my mind.
Trim if P/E re-rates above 87 (~4.8× the sector multiple of 18.2). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 31%. The operating engine is no longer compounding capital efficiently.
BSE Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — BSE Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
BSE Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for BSE Ltd — derived from the live tape, not yesterday's close.
BSE Ltd last traded at ₹4,162.4 with an intraday range of ₹4,086.9–₹4,175 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹4162.40| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 4372.17 | +209.77 | +5.04% |
| R3 | 4284.07 | +121.67 | +2.92% |
| R2 | 4229.53 | +67.13 | +1.61% |
| R1 | 4195.97 | +33.57 | +0.81% |
| PIVOT | 4141.43 | -20.97 | -0.50% |
| CURRENT | 4162.40 | — | — |
| S1 | 3931.67 | -230.73 | -5.54% |
| S2 | 4019.77 | -142.63 | -3.43% |
| S3 | 4053.33 | -109.07 | -2.62% |
| S4 | 4107.87 | -54.53 | -1.31% |
BSE is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 4093.2 ~ 4149.1
Trading Inside opening range
BSE Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for BSE Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
BSE Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for BSE Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in BSE Ltd stood at 26.0% of traded volume, against a 20-day average of 29.4%.
BSE announcements: results, concalls, ratings, M&A.
Filings BSE sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
BSE files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 192 documents below.
Updates
BSE Limited has informed the Exchange regarding 'revised contact details of Key Managerial Personnel (KMPs) pursuant to Regulation 30(5) of SEBI…
Analysts/Institutional Investor Meet/Con. Call Updates
BSE Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
BSE Limited has informed the Exchange about Cancellation of Analysts/Investors Meeting Scheduled on Monday, June 1, 2026
Analysts/Institutional Investor Meet/Con. Call Updates
BSE Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
BSE Limited has informed the Exchange about Schedule of meet
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Investor Presentation
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
BSE dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue BSE has declared, sequenced by announce and record date.
BSE corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About BSE Ltd: business, sector, key facts.
What BSE Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
BSE Ltd operates in the Financial Services, listed as NSE: BSE.
BSE Limited, formerly known as the Bombay Stock Exchange Limited, is a prominent financial services company based in Mumbai, India. Established in 1875, it operates as a multifaceted platform facilitating trading in a wide range of financial instruments. This includes equities, debt instruments, currencies, derivatives, mutual funds, and other securities both domestically within India and internationally.
A core aspect of BSE's business involves providing a robust trading infrastructure and associated services. This encompasses the technology and systems necessary for efficient and secure trading, along with the critical functions of clearing and settlement, ensuring smooth transaction processing and risk management. Beyond trading, BSE offers a comprehensive suite of data dissemination services, providing market participants with real-time and historical data crucial for informed decision-making.
The company extends its services to encompass a broader ecosystem within the financial markets. Its offerings include depository services, which involve safekeeping and transferring securities, and index services, providing benchmarks for market performance. BSE's role further expands to include providing IT support and training, catering to the technological and educational needs of market participants. Investment services are also offered, though details on the specifics are limited in the provided information. The company also engages in corporate social responsibility (CSR) initiatives.
Furthermore, BSE plays a significant regulatory role through its administration and supervision of SEBI (Securities and Exchange Board of India) registered investment advisors. This underscores its contribution to maintaining the integrity and transparency of the Indian financial market. In addition to its core offerings, BSE operates a dedicated platform designed to facilitate trading in the equities of small and medium-sized enterprises (SMEs), providing access to capital markets for these companies.
Questions investors ask about BSE Ltd (BSE).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of BSE Ltd (BSE)?
The current share price of BSE Ltd (BSE) is ₹4,162.4. Today, the stock has gained by ₹36.40 (0.88%), trading in a range of ₹4,086.9 to ₹4,175. The stock opened at ₹4,148.5 with a trading volume of 26,76,483 shares.
02Is BSE Ltd stock a good investment for long-term?
BSE Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,69,867.41 crores, P/E ratio of 67.23, ROE of 36.00%, and ROCE of 46.60%. The dividend yield stands at 0.25%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of BSE Ltd stock?
The 52-week high price of BSE Ltd (BSE) is ₹4,446.8, while the 52-week low is ₹2,021.5. Currently trading at ₹4,162.4, the stock is 88.3% away from its 52-week low and 6.4% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy BSE Ltd stock at the current price?
Whether to buy BSE Ltd stock at ₹4,162.4 depends on multiple factors. The stock is currently trading with a P/E ratio of 67.23 and P/B ratio of 20.91. Today's performance shows a gain of 0.88%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of BSE Ltd and when is the next dividend?
BSE Ltd offers a dividend yield of 0.25%, which means for every ₹100 invested at the current price of ₹4,162.4, you can expect to receive approximately ₹0.25 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of BSE Ltd?
BSE Ltd's key financial metrics include: P/E Ratio: 67.23, P/B Ratio: 20.91, ROE: 36.00%, ROCE: 46.60%, Dividend Yield: 0.25%, EPS: ₹60.21, Book Value: ₹193.6, and Debt-to-Equity: 0.00. The company's market cap stands at ₹1,69,867.41 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is BSE Ltd stock performing today in the market?
BSE Ltd stock opened at ₹4,148.5 and is currently trading at ₹4,162.4, showing a gain of ₹36.40 (0.88%). The intraday high is ₹4,175 and low is ₹4,086.9. The trading volume stands at 26,76,483 shares, indicating strong market participation today.
08What is the P/E ratio of BSE Ltd and what does it indicate?
BSE Ltd has a Price-to-Earnings (P/E) ratio of 67.23, which means investors are willing to pay ₹67.23 for every ₹1 of earnings. With an EPS of ₹60.21, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about BSE Ltd (BSE) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
Related
Peers, sector trends, screeners and strategy playbooks contextual to this stock.
- Authum Investment & Infrastructure (AIIL) Share PricePeer
- AKCapital Services (AKCAPIT) Share PricePeer
- Algoquant Fintech (ALGOQUANT) Share PricePeer
- ARSSBL (ARSSBL) Share PricePeer
- Ashika Credit Capital (ASHIKA) Share PricePeer
- Other overvalued NSE stocksScreener
- Top quality scorecard stocksScreener
- Top Gainers TodayScreener
- EMA Crossover ScreenerScreener
- All Technical ScreenersScreener
- All Trading StrategiesStrategy