BSE Ltd.

•

bseindia.comBSE: -NSE: BSE

Market Cap₹ 1,38,028 Cr.

Current Price

High / Low₹ 4,447 / 2,022

Stock P/E48.7

Book Value₹ 215

Price to Book13.82

Dividend Yield0.30 %

ROCE49.5 %

ROE36.7 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • Stock Exchange Activity: 75.2% • Depository Activity: 24.8%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 77.2% CAGR over last 5 years
Solid return on assets for a lender - ROA of 37.4%
Company has a healthy return on capital (ROCE) of 37.5%
Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 62.2% YoY, showing strong momentum

CONS

Valuation is stretched - P/E of 48.7 is well above its own 5-year median (18.6)
Stock is trading at 13.8x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - Others

Part ofNIFTYM150MOMNTM50 NIFTY ALPHA 50 NIFTY500MOMENTM50 NIFTYLARGEMIDCAP250 NIFTYMIDCAP150

S.No.	Name
1.	BSE	3384.00	48.75	138027.97	0.30	872.66	62.15	1566.02	63.40	49.47	68.04
2.	MFSL	1478.50	464.33	51025.22	0.00	118.29	36.83	14969.51	7840.54	4.32	1.11
3.	ANANDRATHI	2210.40	78.92	36701.76	0.29	1630.08	1635.79	3219.85	1075.04	64.48	33.74
4.	PRUDENT	3401.10	57.47	14082.83	0.10	74.76	44.38	347.63	18.34	39.05	25.62
5.	CENTRUM	22.48	7.99	1094.39	0.00	-148.80	-39.11	911.98	17.53	9.28	26.49

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	216	315	372	484	602	741	768	847	958	1,068	1,244	1,564	15,660
	152	181	280	388	319	353	533	253	332	388	512	523	5,626
Operating Profit	64	133	92	96	282	388	236	594	626	680	732	1,041	10,034
OPM %	29.49%	42.34%	24.73%	19.77%	46.92%	52.40%	30.67%	70.11%	65.31%	63.67%	58.85%	66.56%	64.07%
	462	52	60	59	66	72	61	80	86	71	90	67	1,407
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	21	23	25	26	24	29	30	30	27	32	45	55	426
Profit before Tax	504	163	127	129	325	431	267	643	685	719	777	1,053	11,637
Tax %	15.10%	39.00%	29.25%	36.46%	26.16%	25.72%	26.02%	25.81%	25.57%	25.31%	25.57%	25.46%	25.01%
Net Profit	0	0	0	0	264	346	219	494	538	557	597	795	8,727
	32.21	8.77	7.88	7.74	6.39	8.42	5.30	11.99	12.80	13.56	14.61	19.35	21.22

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	759	676	652	609	630	841	925	1,568	3,212	5,124	5,442
	429	401	447	500	463	525	610	950	1,429	1,721	1,986
Operating Profit	330	275	206	109	168	316	315	619	1,783	3,403	3,456
OPM %	43.48%	40.67%	31.54%	17.90%	26.63%	37.58%	34.06%	39.45%	55.52%	66.41%	63.51%
	26	22	34	53	10	24	30	435	27	24	368
Interest	1	1	1	2	10	28	37	39	32	34	0
Depreciation	50	45	51	51	58	48	60	95	113	159	175
Profit before Tax	305	270	218	109	153	327	297	992	1,748	3,299	3,712
Tax %	13.34%	20.52%	10.73%	13.67%	7.12%	25.16%	30.82%	22.53%	24.66%	24.97%	25.31%
Net Profit	264	215	194	94	142	245	206	769	1,317	2,475	2,773
EPS	0.00	126.27	37.75	0.00	10.54	18.51	16.06	57.51	97.96	61.22	—
Dividend Payout %	68.30%	27.83%	77.98%	62.57%	65.22%	71.79%	73.66%	26.08%	23.48%	16.34%	—

COMPOUNDED SALES GROWTH

10 Years:: 23%
5 Years:: 52%
3 Years:: 77%

COMPOUNDED PROFIT GROWTH

10 Years:: 34%
5 Years:: 77%
3 Years:: 125%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 90%
3 Years:: 98%
1 Year:: 56%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 19%
3 Years:: 28%
Last Year:: 37%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	11	11	10	9	9	27	27	27	27	82
Minority Interest	291	0	0	19	24	135	128	152	152	122
	2,856	3,428	3,320	2,851	3,023	3,268	3,432	4,230	5,529	7,838
	7	7	10	9	10	8	11	11	17	28
Trade Payables	56	63	42	76	98	73	80	191	114	131
	1,943	1,401	1,020	1,385	1,319	2,554	2,231	4,780	4,483	5,221
Total Liabilities	5,164	4,910	4,401	4,348	4,482	6,066	5,909	9,391	10,322	13,422
	249	203	200	187	180	158	252	285	299	642
Capital Work in Progress	4	2	9	8	0	2	0	11	41	33
	1,996	2,442	2,380	2,136	1,844	1,968	1,453	2,390	2,845	3,837
	0	0	0	0	0	0	0	211	288	553
Cash & Bank	2,403	1,983	1,548	1,609	1,927	3,512	3,050	4,463	5,184	5,173
	511	280	265	409	530	426	1,155	2,032	1,665	3,185
Total Assets	5,164	4,910	4,401	4,348	4,482	6,066	5,909	9,391	10,322	13,422

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	820	-129	-278	446	-26	1,524	-71	2,644	410	3,104
Cash from Investing	95	-236	347	470	-190	-980	-111	-871	-758	-2,678
Cash from Financing	-85	108	-347	-618	-55	9	-186	-149	-206	-304
	827	-366	-318	249	-312	471	-434	1,623	-550	122

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	11.09	12.98	15.99	16.78	18.14	16.26	17.45	19.42	21.32
	11.56	11.65	12.04	12.31	11.25	19.89	23.72	25.06	24.12
	0.00	0.00	0.00	0.00	0.00	0.09	0.09	0.09	0.09
	54.56	52.43	50.03	48.80	50.03	63.78	58.75	55.42	54.47

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-11 - BSE Limited has informed the Exchange about Schedule of meet

2026-09-11

Updates

2026-09-11 - BSE Limited has informed the Exchange regarding 'SEBI approval on re-appointment of Shri Jagannath Mukkavilli, Non-Independent Director'.

2026-09-10

Updates

2026-09-10 - BSE Limited has informed the Exchange regarding 'further acquisition of equity stake in India International Bullion Holding IFSC Limited.'.

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - BSE Limited has informed the Exchange about Schedule of meet

2026-09-01

General Updates

2026-09-01 - BSE Limited has informed the Exchange about ESG Rating

2026-08-26

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - BSE Limited has informed the Exchange about Schedule of meet

2026-08-26

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - BSE Limited has informed the Exchange about Schedule of meet

2026-08-24

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-24 - BSE Limited has informed the Exchange about Reschedule of Analyst/ Institutional Investor Meeting

2026-08-19

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - BSE Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for BSE

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AI Stock Analyst

BSE Ltd.

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Free 5nance Account

Name

BSE

3384.00

48.75

138027.97

0.30

872.66

62.15

1566.02

63.40

49.47

68.04

MFSL

1478.50

464.33

51025.22

0.00

118.29

36.83

14969.51

7840.54

4.32

1.11

ANANDRATHI

2210.40

78.92

36701.76

0.29

1630.08

1635.79

3219.85

1075.04

64.48

33.74

PRUDENT

3401.10

57.47

14082.83

0.10

74.76

44.38

347.63

18.34

39.05

25.62

CENTRUM

22.48

7.99

1094.39

0.00

-148.80

-39.11

911.98

17.53

9.28

26.49

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

216

315

372

484

602

741

768

847

958

1,068

1,244

1,564

15,660

152

181

280

388

319

353

533

253

332

388

512

523

5,626

Operating Profit

133

282

388

236

594

626

680

732

1,041

10,034

OPM %

29.49%

42.34%

24.73%

19.77%

46.92%

52.40%

30.67%

70.11%

65.31%

63.67%

58.85%

66.56%

64.07%

462

1,407

Interest

Depreciation

426

Profit before Tax

504

163

127

129

325

431

267

643

685

719

777

1,053

11,637

Tax %

15.10%

39.00%

29.25%

36.46%

26.16%

25.72%

26.02%

25.81%

25.57%

25.31%

25.57%

25.46%

25.01%

Net Profit

264

346

219

494

538

557

597

795

8,727

32.21

8.77

7.88

7.74

6.39

8.42

5.30

11.99

12.80

13.56

14.61

19.35

21.22

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

759

676

652

609

630

841

925

1,568

3,212

5,124

5,442

429

401

447

500

463

525

610

950

1,429

1,721

1,986

Operating Profit

330

275

206

109

168

316

315

619

1,783

3,403

3,456

OPM %

43.48%

40.67%

31.54%

17.90%

26.63%

37.58%

34.06%

39.45%

55.52%

66.41%

63.51%

435

368

Interest

Depreciation

113

159

175

Profit before Tax

305

270

218

109

153

327

297

992

1,748

3,299

3,712

Tax %

13.34%

20.52%

10.73%

13.67%

7.12%

25.16%

30.82%

22.53%

24.66%

24.97%

25.31%

Net Profit

264

215

194

142

245

206

769

1,317

2,475

2,773

EPS

0.00

126.27

37.75

0.00

10.54

18.51

16.06

57.51

97.96

61.22

—

Dividend Payout %

68.30%

27.83%

77.98%

62.57%

65.22%

71.79%

73.66%

26.08%

23.48%

16.34%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

291

135

128

152

122

2,856

3,428

3,320

2,851

3,023

3,268

3,432

4,230

5,529

7,838

Trade Payables

191

114

131

1,943

1,401

1,020

1,385

1,319

2,554

2,231

4,780

4,483

5,221

Total Liabilities

5,164

4,910

4,401

4,348

4,482

6,066

5,909

9,391

10,322

13,422

249

203

200

187

180

158

252

285

299

642

Capital Work in Progress

1,996

2,442

2,380

2,136

1,844

1,968

1,453

2,390

2,845

3,837

211

288

553

Cash & Bank

2,403

1,983

1,548

1,609

1,927

3,512

3,050

4,463

5,184

5,173

511

280

265

409

530

426

1,155

2,032

1,665

3,185

Total Assets

5,164

4,910

4,401

4,348

4,482

6,066

5,909

9,391

10,322

13,422

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

820

-129

-278

446

-26

1,524

-71

2,644

410

3,104

Cash from Investing

-236

347

470

-190

-980

-111

-871

-758

-2,678

Cash from Financing

-85

108

-347

-618

-55

-186

-149

-206

-304

827

-366

-318

249

-312

471

-434

1,623

-550

122

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Promoters

0.00

11.09

12.98

15.99

16.78

18.14

16.26

17.45

19.42

21.32

11.56

11.65

12.04

12.31

11.25

19.89

23.72

25.06

24.12

0.00

0.09

54.56

52.43

50.03

48.80

50.03

63.78

58.75

55.42

54.47

BSE Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

BSE Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI