BSE Ltd
Bombay Stock Exchange (BSE Ltd) is an Indian Stock Exchange located at Dalal Street in Mumbai. The Co. facilitates a market for trading in equity, currencies, debt instruments, derivatives, and mutual funds. [1]
- Market Cap ₹ 96,923 Cr.
- Current Price ₹ 2,386
- High / Low ₹ 3,030 / 842
- Stock P/E 61.2
- Book Value ₹ 109
- Dividend Yield 0.25 %
- ROCE 46.6 %
- ROE 36.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 65.8% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 41.1%
Cons
- Stock is trading at 21.7 times its book value
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
485 | 584 | 635 | 572 | 676 | 652 | 606 | 630 | 841 | 925 | 1,568 | 3,212 | 3,443 | |
240 | 293 | 392 | 381 | 401 | 434 | 478 | 429 | 489 | 609 | 857 | 1,336 | 1,585 | |
Operating Profit | 245 | 290 | 243 | 190 | 274 | 219 | 127 | 202 | 352 | 316 | 711 | 1,876 | 1,858 |
OPM % | 51% | 50% | 38% | 33% | 41% | 34% | 21% | 32% | 42% | 34% | 45% | 58% | 54% |
-18 | -10 | 23 | 137 | 529 | 56 | 62 | 19 | 52 | 78 | 417 | 22 | 375 | |
Interest | 0 | 1 | 0 | 1 | 1 | 1 | 2 | 10 | 28 | 37 | 39 | 32 | 0 |
Depreciation | 32 | 59 | 54 | 50 | 45 | 51 | 51 | 58 | 48 | 60 | 95 | 113 | 116 |
Profit before tax | 194 | 221 | 212 | 276 | 757 | 223 | 135 | 153 | 327 | 297 | 995 | 1,754 | 2,118 |
Tax % | 18% | 20% | 17% | 4% | 7% | 10% | 11% | 7% | 25% | 31% | 22% | 25% | |
160 | 177 | 177 | 265 | 702 | 199 | 121 | 142 | 245 | 206 | 772 | 1,322 | 1,596 | |
EPS in Rs | 1.45 | 1.66 | 1.38 | 4.57 | 14.22 | 4.27 | 3.02 | 3.58 | 6.27 | 5.43 | 19.17 | 32.65 | 39.40 |
Dividend Payout % | 31% | 33% | 61% | 68% | 28% | 78% | 63% | 65% | 72% | 74% | 26% | 23% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 40% |
3 Years: | 56% |
TTM: | 79% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 66% |
3 Years: | 72% |
TTM: | 167% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 113% |
3 Years: | 122% |
1 Year: | 180% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 18% |
3 Years: | 22% |
Last Year: | 36% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 11 | 11 | 11 | 10 | 9 | 9 | 27 | 27 | 27 | 27 |
Reserves | 2,366 | 2,450 | 2,512 | 2,652 | 3,070 | 2,918 | 2,416 | 2,498 | 2,627 | 2,674 | 3,275 | 4,397 |
2 | 4 | 1 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
1,688 | 1,730 | 1,717 | 2,517 | 1,918 | 1,575 | 2,051 | 2,120 | 3,531 | 3,293 | 6,148 | 5,918 | |
Total Liabilities | 4,066 | 4,195 | 4,240 | 5,183 | 4,998 | 4,504 | 4,476 | 4,627 | 6,185 | 5,994 | 9,450 | 10,342 |
190 | 251 | 241 | 249 | 207 | 204 | 190 | 184 | 161 | 252 | 285 | 300 | |
CWIP | 34 | 4 | 3 | 6 | 7 | 18 | 22 | 4 | 10 | 2 | 15 | 54 |
Investments | 2,186 | 2,276 | 2,115 | 1,996 | 2,442 | 2,380 | 2,132 | 1,844 | 1,968 | 1,453 | 2,390 | 2,845 |
1,656 | 1,664 | 1,882 | 2,931 | 2,342 | 1,902 | 2,132 | 2,595 | 4,046 | 4,286 | 6,761 | 7,142 | |
Total Assets | 4,066 | 4,195 | 4,240 | 5,183 | 4,998 | 4,504 | 4,476 | 4,627 | 6,185 | 5,994 | 9,450 | 10,342 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
151 | -153 | -44 | 817 | -239 | -313 | 397 | -68 | 1,442 | -137 | 2,643 | 414 | |
-21 | 371 | 164 | 95 | -236 | 347 | 470 | -190 | -980 | -111 | -871 | -758 | |
-303 | -45 | -120 | -85 | 108 | -352 | -618 | -55 | 9 | -186 | -149 | -206 | |
Net Cash Flow | -172 | 173 | -0 | 827 | -366 | -318 | 249 | -312 | 471 | -434 | 1,623 | -550 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 26 | 23 | 27 | 44 | 30 | 27 | 42 | 51 | 28 | 36 | 49 | 35 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 26 | 23 | 27 | 44 | 30 | 27 | 42 | 51 | 28 | 36 | 49 | 35 |
Working Capital Days | -1,002 | -772 | -660 | -1,181 | -791 | -605 | -894 | -792 | -1,148 | -846 | -1,107 | -452 |
ROCE % | 10% | 10% | 10% | 10% | 25% | 8% | 5% | 8% | 15% | 12% | 23% | 47% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
11 August 2025 - Investor meeting with Emkay Confluence scheduled for August 14, 2025 in Mumbai.
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Analysts/Institutional Investor Meet/Con. Call Updates
8 August 2025 - Investor meeting with Ambit Capital scheduled on August 14, 2025, in Singapore.
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Copy of Newspaper Publication
8 August 2025 - Unaudited consolidated and standalone financial results for quarter and nine months ended June 30, 2025 published.
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Analysts/Institutional Investor Meet/Con. Call Updates
7 August 2025 - Audio recording of Q1 FY2026 earnings call available on company website.
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Analysts/Institutional Investor Meet/Con. Call Updates
7 August 2025 - BSE Q1 FY26 investor presentation covering business overview, financials, and segment performance.
Annual reports
Concalls
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Aug 2025TranscriptNotesPPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023TranscriptPPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021Transcript PPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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May 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
History
BSE, the first-ever stock exchange in Asia, was established in 1875. It is also the first in the country to be granted permanent recognition under the Securities Contract Regulation Act, 1956. It is the Fastest Stock Exchange in the world with a speed of 6 microseconds and is one of India's leading exchange groups. In 1986, the Co-developed the S&P BSE SENSEX index, giving the Co. a means to measure the overall performance of the exchange. In 2017, it became the first listed stock exchange in India. [1]