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 ₹ 1,54,588 Cr.
- Current Price ₹ 3,790
- High / Low ₹ 4,447 / 2,377
- Stock P/E 50.2
- Book Value ₹ 195
- Dividend Yield 0.26 %
- ROCE 60.0 %
- ROE 46.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 69.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.1%
- Company has been maintaining a healthy dividend payout of 22.0%
Cons
- Stock is trading at 19.4 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 584 | 635 | 572 | 676 | 652 | 609 | 630 | 841 | 925 | 1,568 | 3,212 | 5,124 | 5,806 | |
| Sales growth | +20% | +9% | -10% | +18% | -3% | -7% | +3% | +33% | +10% | +70% | +105% | +60% | +59% |
| 293 | 392 | 381 | 401 | 434 | 482 | 429 | 489 | 609 | 857 | 1,336 | 1,644 | 2,014 | |
| Operating Profit | 290 | 243 | 190 | 274 | 219 | 127 | 202 | 352 | 316 | 711 | 1,876 | 3,480 | 3,792 |
| OPM % | 50% | 38% | 33% | 41% | 34% | 21% | 32% | 42% | 34% | 45% | 58% | 68% | 65% |
| -10 | 23 | 137 | 529 | 56 | 62 | 19 | 52 | 78 | 417 | 22 | 24 | 491 | |
| Interest | 1 | 0 | 1 | 1 | 1 | 2 | 10 | 28 | 37 | 39 | 32 | 34 | 0 |
| Depreciation | 59 | 54 | 50 | 45 | 51 | 51 | 58 | 48 | 60 | 95 | 113 | 159 | 188 |
| Profit before tax | 221 | 212 | 276 | 757 | 223 | 135 | 153 | 327 | 297 | 995 | 1,754 | 3,311 | 4,095 |
| Tax % | 20% | 17% | 4% | 7% | 10% | 11% | 7% | 25% | 31% | 22% | 25% | 25% | |
| 177 | 177 | 265 | 702 | 199 | 121 | 142 | 245 | 206 | 772 | 1,322 | 2,487 | 3,072 | |
| EPS in Rs | 3.33 | 2.75 | 4.57 | 14.22 | 4.27 | 3.02 | 3.58 | 6.27 | 5.43 | 19.17 | 32.65 | 61.22 | 75.64 |
| Dividend Payout % | 33% | 61% | 68% | 28% | 78% | 63% | 65% | 72% | 74% | 26% | 23% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 52% |
| 3 Years: | 77% |
| TTM: | 59% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 69% |
| 3 Years: | 126% |
| TTM: | 71% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 90% |
| 3 Years: | 83% |
| 1 Year: | 52% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 28% |
| 3 Years: | 36% |
| Last Year: | 46% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 11 | 11 | 11 | 10 | 9 | 9 | 27 | 27 | 27 | 27 | 82 | 82 |
| Reserves | 2,450 | 2,512 | 2,652 | 3,070 | 2,918 | 2,416 | 2,498 | 2,627 | 2,674 | 3,275 | 4,397 | 6,591 | 7,870 |
| 4 | 1 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 1,730 | 1,717 | 2,517 | 1,918 | 1,575 | 2,051 | 2,120 | 3,531 | 3,293 | 6,148 | 5,918 | 6,773 | 6,677 | |
| Total Liabilities | 4,195 | 4,240 | 5,183 | 4,998 | 4,504 | 4,476 | 4,627 | 6,185 | 5,994 | 9,450 | 10,342 | 13,446 | 14,629 |
| 251 | 241 | 249 | 207 | 204 | 190 | 184 | 161 | 252 | 285 | 300 | 642 | 716 | |
| CWIP | 4 | 3 | 6 | 7 | 18 | 22 | 4 | 10 | 2 | 15 | 54 | 77 | 69 |
| Investments | 2,276 | 2,115 | 1,996 | 2,442 | 2,380 | 2,132 | 1,844 | 1,968 | 1,453 | 2,390 | 2,845 | 3,837 | 5,104 |
| 1,664 | 1,882 | 2,931 | 2,342 | 1,902 | 2,132 | 2,595 | 4,046 | 4,286 | 6,761 | 7,142 | 8,890 | 8,741 | |
| Total Assets | 4,195 | 4,240 | 5,183 | 4,998 | 4,504 | 4,476 | 4,627 | 6,185 | 5,994 | 9,450 | 10,342 | 13,446 | 14,629 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -153 | -44 | 817 | -239 | -313 | 397 | -68 | 1,442 | -137 | 2,643 | 414 | 3,104 | |
| 371 | 164 | 95 | -236 | 347 | 470 | -189 | -980 | -111 | -871 | -758 | -2,678 | |
| -45 | -120 | -85 | 108 | -352 | -618 | -55 | 9 | -186 | -149 | -206 | -304 | |
| Net Cash Flow | 173 | -0 | 827 | -366 | -318 | 249 | -313 | 471 | -434 | 1,623 | -550 | 122 |
| Free Cash Flow | -225 | -106 | 759 | -301 | -375 | 359 | -106 | 1,410 | -280 | 2,513 | 262 | 2,589 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -36% | 12% | 447% | -47% | -124% | 350% | -13% | 433% | -22% | 396% | 40% | 108% |
Ratios
Consolidated / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 23 | 27 | 44 | 30 | 27 | 42 | 51 | 28 | 36 | 49 | 33 | 39 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 23 | 27 | 44 | 30 | 27 | 42 | 51 | 28 | 36 | 49 | 33 | 39 |
| Working Capital Days | -772 | -660 | -1,181 | -791 | -605 | -889 | -792 | -1,148 | -846 | -1,107 | -452 | -333 |
| ROCE % | 10% | 10% | 10% | 25% | 8% | 5% | 8% | 15% | 12% | 23% | 47% | 60% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Cash Average Daily Turnover ₹ million ・Standalone data |
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| StAR MF Number of Orders million ・Standalone data |
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| Registered Investors million ・Standalone data |
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| StAR MF Number of Distributors distributors ・Standalone data |
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| Funds Mobilized on BSE Platforms ₹ trillion ・Standalone data |
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| Equity Derivatives AD Premium Turnover ₹ million ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
- BSE schedules a physical investor meeting with Goldman Sachs India CIO Tour on November 11, 2026 in Mumbai.
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Copy of Newspaper Publication
- BSE published ad inviting applications for Managing Director and CEO.
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Analysts/Institutional Investor Meet/Con. Call Updates
- BSE posts audio recording of November 4, 2026 quarterly earnings call for Q2 FY27.
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Investor Presentation
- BSE released its H1 FY27 investor presentation on November 4, 2026.
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Appointment
- BSE reported Q2 FY27 results, appointed Ashutosh Singh as Executive Director, and proposed MMRDA plot allotment.
Annual reports
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Annual Report 2026
from nse
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Annual Report 2025
from nse
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Annual Report 2024
from nse
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Annual Report 2023
from nse
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Annual Report 2022
from nse
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Annual Report 2021
from nse
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Annual Report 2020
from nse
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Annual Report 2019
from nse
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Annual Report 2018
from nse
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Annual Report 2017
from nse
Concalls
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Nov 2026PPT REC
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Nov 2025PPT REC
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Aug 2025Transcript PPT REC
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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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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript
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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 2023PPT
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Feb 2023Transcript
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Nov 2022PPT
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Aug 2022Transcript PPT
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Aug 2022PPT
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May 2022Transcript PPT
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May 2022PPT
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Feb 2022Transcript PPT
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Feb 2022PPT
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Nov 2021Transcript PPT
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Nov 2021PPT
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Aug 2021PPT
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Aug 2021PPT
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Aug 2021PPT
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Aug 2021PPT
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May 2021PPT
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Feb 2021PPT
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Nov 2020PPT
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Aug 2020PPT
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May 2020PPT
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Feb 2020PPT
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]