National Stock Exchange Of India Ltd
- Market Cap ₹ 4,36,256 Cr.
- Current Price ₹ 1,763
- High / Low ₹ 1,878 / 1,712
- Stock P/E 47.4
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 40.6 %
- ROE 28.6 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.5%
- Company has been maintaining a healthy dividend payout of 77.4%
Cons
- Earnings include an other income of Rs.3,417 Cr.
- Debtor days have increased from 44.2 to 54.3 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Capital Markets Exchange and Data Platform
Part of BSE IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 8,313 | 11,856 | 14,780 | 17,141 | 16,601 | |
| 1,708 | 2,428 | 4,907 | 4,470 | 5,337 | |
| Operating Profit | 6,605 | 9,429 | 9,873 | 12,671 | 11,265 |
| OPM % | 79% | 80% | 67% | 74% | 68% |
| 602 | 851 | 1,650 | 3,956 | 3,417 | |
| Interest | 0 | 0 | 0 | 24 | 40 |
| Depreciation | 310 | 384 | 440 | 547 | 624 |
| Profit before tax | 6,897 | 9,896 | 11,084 | 16,057 | 14,018 |
| Tax % | 25% | 26% | 25% | 24% | 27% |
| 5,198 | 7,356 | 8,306 | 12,188 | 10,302 | |
| EPS in Rs | 20.99 | 29.72 | 33.56 | 49.24 | 41.62 |
| Dividend Payout % | 40% | 54% | 54% | 94% | 84% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| TTM: | -16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 35% |
| Last Year: | 29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 50 | 50 | 50 | 248 | 248 |
| Reserves | 15,361 | 20,429 | 23,925 | 30,106 | 31,866 |
| 115 | 136 | 125 | 506 | 412 | |
| 20,061 | 15,938 | 41,360 | 38,607 | 55,393 | |
| Total Liabilities | 35,587 | 36,553 | 65,459 | 69,466 | 87,919 |
| 1,630 | 1,400 | 1,442 | 1,906 | 1,864 | |
| CWIP | 158 | 98 | 82 | 51 | 223 |
| Investments | 13,421 | 17,955 | 25,285 | 30,982 | 29,342 |
| 20,378 | 17,100 | 38,650 | 36,527 | 56,489 | |
| Total Assets | 35,587 | 36,553 | 65,459 | 69,466 | 87,919 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 5,832 | 1,734 | 29,744 | 4,091 | 23,836 | |
| -4,185 | -3,217 | -8,336 | -5,431 | -38 | |
| -1,258 | -2,100 | -3,994 | -4,600 | -8,809 | |
| Net Cash Flow | 388 | -3,583 | 17,414 | -5,939 | 14,989 |
| Free Cash Flow | 5,323 | 1,331 | 29,275 | 2,816 | 22,096 |
| CFO/OP | 113% | 43% | 341% | 61% | 240% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 71 | 49 | 46 | 32 | 54 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 71 | 49 | 46 | 32 | 54 |
| Working Capital Days | -586 | -220 | -697 | -489 | -825 |
| ROCE % | 56% | 50% | 52% | 41% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026, is attached.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
- LIC nominee director Dinesh Pant resigned from NSE board effective October 9, 2026.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- NSE schedules analyst call on November 3, 2026 to discuss Q2 FY27 financial results.
-
Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29 Of The SEBI (LODR) Regulations, 2015
- Board meeting on November 3, 2026 to approve audited Q2 and half-year FY2026 results; trading window closed until November 5.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
- SEBI approved Shri Veneet Nayar’s re-appointment as Non-Independent Director on October 1, 2026.
Business Plan:[1]
Incorporated in November 1992, National
Stock Exchange of India Limited (NSE) is
India's largest stock exchange and one of
the world's leading multi-asset exchange platforms.