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BSE · NSE · Exchange and Data Platform

BSE Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
dear low confidence No valuation within 120 days; P/E 47.8 vs peers 37.2 (6th of 9); P/B 19.0 vs peers 11.4 (6th of 9).
Statements through FY2026Prices adjusted for 2 corporate actionsNot yet reviewed by the adversarial model

What is BSE's share price today?

BSE last traded at ₹3,330.20 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.3% on the day, up 32.8% over a year. Its 52-week range is ₹2,210 to ₹4,447. The live price is in the app.

₹3,330.20 +1.3% today
+32.8% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range50% of the way up
Low ₹2,210High ₹4,447

What is BSE's market cap?

BSE's market capitalisation is about ₹1.34 lakh crore: what it would cost to buy every share at today's price. That makes it the 73rd largest large cap company we cover.

₹1.3 L Cr Large Cap73rd largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: BSE
ISIN
INE118H01025
Cap bucket
Large Cap, 73rd largest by market cap
Industry (NSE)
Financial Services › Capital Markets › Exchange and Data Platform
Listed since
2017
Futures and options
Traded

Is BSE overvalued?

Dear, with low confidence: no valuation within 120 days; P/E 47.8 vs peers 37.2 (6th of 9); P/B 19.0 vs peers 11.4 (6th of 9).

Valuation

Latest price and trailing 12 months
P/E 47.82
vs peers 37.2 · 6th of 9
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 18.98
vs peers 11.4 · 6th of 9
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹1.34 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 0.4%
vs peers 1.1% · 6th of 7
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 1.60
vs peers 5.9 · 3rd of 7
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 0.38
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is BSE a quality business?

CLEAN on 9 of 22 lender flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score Not available
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level CLEAN
9 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Lender scorecard

Statements through FY2026 (Mar-26)
Basis: consolidated accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; cost to income is operating expenses over net interest income plus other income; ROA over average total assets; ROE over average equity; not a lender: no NIM, asset quality, credit cost or loan growth
Net interest margin Not available
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost Not available
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income 37.2%
vs peers 36.7% · 5th of 9
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets 20.9%
vs peers 30.5% · 7th of 10
Profit as a share of average total assets. Learn more →
CET1 ratio Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY Not available
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio Not available
Current and savings account balances as a share of all deposits. Learn more →
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Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

Has BSE made money for shareholders?

Yes: +32.8% over one year and +86.6% a year over five years.

Shareholder returns

1-year return +32.8%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +86.6% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
+3.4%
1M
−0.7%
3M
−13.6%
6M
−0.5%
1Y
+32.8%
3Y
+70.8%
5Y
+86.6%

Does BSE pay a dividend?

Yes. BSE's dividend yield is 0.37% at the latest price; the last payout was ₹10.00 a share, ex-dividend 10 Jul 2026.

Dividends

Per share, by ex-dividend date
Dividend yield0.37%
The past 12 months' dividends as a share of today's price.
10 Jul 2026 · Final₹10.00
14 May 2025 · Final₹18.00
14 May 2025 · Special₹5.00
14 Jun 2024 · Final₹5.00
4 Aug 2023 · Final₹4.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is BSE growing?

Revenue 3 years 73.3% a year; eps 3 years 124.3% a year; revenue 5 years 44.7% a year.

Growth

Statements through FY2026 (Mar-26)
Loan growth Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth Not available
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years 73.3% a year
vs peers 29.5% · 1st of 10
Compound annual growth of revenue over three years. Learn more →
EPS 3 years 124.3% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years 44.7% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years 76.6% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →

How did BSE do last quarter?

BSE reported income of ₹1,566 Cr, up 59.5% on a year earlier and a net profit of ₹873 Cr, up 88.1% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Income, latest quarter₹1,566 Cr
+59.5% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹873 Cr
+88.1% on a year earlier
What was left for shareholders after every cost and tax.

How does BSE compare with its peers?

Compared with 9 Capital Markets (the industry, as the basic industry was too small); 6th of 9 on P/E.

Compared with 9 Capital Markets (the industry, as the basic industry was too small)

9 companies

BSE against its peers

Largest 9 of 9 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
BSE Ltd₹1.3 L Cr47.819.049.1%+32.8%
ICICI Prudential Asset Management Co Ltd₹1.5 L Cr30.033.285.8%+17.2%
Billionbrains Garage Ventures Ltd₹1.2 L Cr48.311.226.4%+46.5%
SBI Funds Management Ltd₹1.0 L Cr——43.0%−18.0%
HDFC Asset Management Company Ltd₹97,078 Cr32.910.332.9%−20.2%
Multi Commodity Exchange of India Ltd₹84,611 Cr54.921.643.4%+85.6%
Nippon Life India Asset Management Ltd₹66,884 Cr40.711.635.5%+18.1%
Motilal Oswal Financial Services Ltd₹61,865 Cr31.24.812.2%+2.2%
360 ONE WAM Ltd₹42,749 Cr33.75.76.1%−4.8%
Anand Rathi Wealth Ltd₹33,851 Cr74.224.645.3%+38.9%
Peer median—37.211.435.5%+17.2%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns BSE?

BSE has no promoter holding; it is widely held.

Shareholding pattern

Latest filing, percent of shares
Promoters0.0%
The founders and controlling group.
Foreign institutions21.3%
Overseas funds investing through the FPI route.
Domestic institutions24.1%
Indian insurers, banks, pension and mutual funds together.
Mutual funds11.7%
Indian mutual fund schemes; part of domestic institutions.
Retail and others29.8%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about BSE?

19 analysts cover BSE, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

19 analysts
ConsensusHold
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does BSE do and what is it sensitive to?

BSE (Bombay Stock Exchange), Asia's oldest stock exchange, operates a centralized platform for listing and trading equity, debt, derivatives, currency, commodity, mutual funds and SME securities. Sensitive to: global GDP growth trajectory and trade barriers.

Business-model card

FY2025 · 45 verified
3Revenue
5Channels
1Regulators
3Reg. dependencies
7Sensitivities
5Costs
2Geographies

BSE (Bombay Stock Exchange), Asia's oldest stock exchange, operates a centralized platform for listing and trading equity, debt, derivatives, currency, commodity, mutual funds and SME securities. It earns revenue primarily through transaction charges, listing fees, and data dissemination to listed companies, trading members, investors and institutional data users.

Revenue engine

3 verified
Securities Services via transaction charges (79.0%)
Revenue recognized at point in time when transaction occurs on exchange platform, measured per specified rate
Services to Corporates: listing and book building fees (19.0%)
Listing fees recognized straight-line over period; book building fees recognized upon completion of process
Data Dissemination to financial institutions and research entities (2.0%)
Market data, indices and analytics used for trading, investment analysis, benchmarking and research

Customers & channels

5 verified
Listed Companies: Over 5,000 companies across sectors
Use BSE for capital raising, liquidity, price discovery and continuous disclosure to stakeholders
Trading Members and Brokers network
Access technology, risk management frameworks and market access across equity, derivatives, debt, mutual funds
Retail, institutional, domestic and foreign investors
Trade various asset classes through BSE's platforms directly or via members
2 more statements
SMEs and Startups via dedicated platforms
Access public capital markets for growth financing and fostering innovation
Mutual Fund Distributors via StAR MF platform
India's largest online platform connecting AMCs, distributors and investors to simplify fund transactions

Regulators

1 verified
Securities and Exchange Board of India (SEBI)
Supervises BSE as market intermediary; BSE acts as self-regulatory organization for members, corporates, market participants

Regulatory dependencies

3 verified
RAASB and IAASB designation from SEBI for complaint administration
Authority to receive and resolve complaints against Research Analysts and Investment Advisors for 5-year term
Trading Supported by Blocked Amount (TSBA) initiative compliance
Enables retail investors to trade secondary market with enhanced cash collateral protection via blocked bank accounts
Company suspension framework from SEBI SOP circular
Exchange enforces trading suspension of listed companies and sends advisory letters on consequences of non-compliance

Sensitivities

7 verified
Global GDP growth trajectory and trade barriers
Global growth projecting moderate from 3.2% (CY2024) to 3.1% (CY2025); higher trade barriers weigh on investment
Indian monsoon and agricultural output
Normal monsoon assumption underpins inflation forecasts and agricultural sector growth projections
Corporate earnings recovery and domestic economic fundamentals
Market corrections reverse with improved corporate earnings and fundamentals; but FPI flows driven by global trade policies
4 more statements
US trade policy and services export performance
Services exports to perform better than merchandise but face uncertainties from US policies and financial market volatility
Trading volume and new listings on exchange platform
Revenue depends on volume and value of trades executed, active investors, new listings and capital raised
International commodity prices and currency movements
Bullion, base metals and energy products linked to international markets, currency and government duties
Agricultural commodity dependencies on monsoon and policy
Agri commodity performance linked to crop production, monsoon, demand and government agricultural policies

Cost inputs

5 verified
Clearing and Settlement Expenses
Increased 161% from ₹13,314 Lakh (FY24) to ₹34,805 Lakh (FY25) driven by higher trading volumes requiring clearing infrastructure
Regulatory Contribution and Compliance Costs
Increased 73% from ₹23,690 Lakh (FY24) to ₹41,046 Lakh (FY25) for strengthening regulatory functions
Employee Costs
Increased 19% from ₹19,906 Lakh (FY24) to ₹23,662 Lakh (FY25)
2 more statements
Technology Infrastructure and Platform Expenses
Increased 20% from ₹13,731 Lakh (FY24) to ₹16,429 Lakh (FY25) for platform modernization and capacity additions
Depreciation and Hardware Refresh
Increased 19% from ₹9,493 Lakh (FY24) to ₹11,298 Lakh (FY25) from data centre additions and technology asset base growth

Geographies

2 verified
Pan-India presence across 28 states and 8 Union Territories
Online platform accessible to users across India, enabling nationwide market reach and service availability
Global investor access via GIFT IFSC with Sensex Futures
Launched Sensex Futures at India International Exchange in Gujarat GIFT IFSC to widen global investor access to India's benchmark
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (4 Aug 2026).

Change log

8 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Corporate actionDividend - Rs 10 Per Share.
  3. Results filedQ4 FY2026 results filed.
  4. Results filedQ3 FY2026 results filed.
  5. Results filedQ2 FY2026 results filed.
  6. Results filedQ1 FY2026 results filed.
  7. Corporate actionBonus 2:1; price history adjusted.
  8. Corporate actionDividend - Rs 23 Per Share.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsCLEAN on 9 of 22 lender flags judged; no red flag; 13 could not be judged.
  • Data gapsBusiness quality, Quality score, Net interest margin, Gross NPA, Net NPA, Provision coverage and 7 more: not available yet.
Not applicable to a bank, lender or insurer · 12
  • Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
  • Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
  • Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
  • Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
  • Interest coverageInterest is a lender's main cost, not a charge on operating profit.
  • Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
  • EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
  • FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
  • Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
  • Asset turnoverA lender earns a spread on its assets, not a turnover of them.
  • ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
  • ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓116 months of month-end prices, adjusted for bonuses and splits (2 corporate actions)○no valuation of ours yet✓business-model card FY2025 · 45 verified

Questions people ask

What is BSE's share price today?

BSE last traded at ₹3,330.20 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.3% on the day, up 32.8% over a year. Its 52-week range is ₹2,210 to ₹4,447. The live price is in the app.

What is BSE's market cap?

BSE's market capitalisation is about ₹1.34 lakh crore: what it would cost to buy every share at today's price. That makes it the 73rd largest large cap company we cover.

Is BSE Ltd a large cap, mid cap or small cap?

BSE Ltd (BSE) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is BSE Ltd's P/E ratio?

47.82, vs peers 37.2 · 6th of 9. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is BSE Ltd overvalued?

Dear, with low confidence: no valuation within 120 days; P/E 47.8 vs peers 37.2 (6th of 9); P/B 19.0 vs peers 11.4 (6th of 9).

How does BSE Ltd make money?

BSE (Bombay Stock Exchange), Asia's oldest stock exchange, operates a centralized platform for listing and trading equity, debt, derivatives, currency, commodity, mutual funds and SME securities. It earns revenue primarily through transaction charges, listing fees, and data dissemination to listed companies, trading members, investors and institutional data users.

Why is there no Altman Z or debt to equity for BSE?

Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.

Who are BSE Ltd's peers?

Compared with 9 Capital Markets (the industry, as the basic industry was too small): ICICI Prudential Asset Management Co Ltd, Billionbrains Garage Ventures Ltd, SBI Funds Management Ltd, HDFC Asset Management Company Ltd, Multi Commodity Exchange of India Ltd and 4 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did BSE do last quarter?

BSE reported income of ₹1,566 Cr, up 59.5% on a year earlier and a net profit of ₹873 Cr, up 88.1% in the Jun 2026 quarter.

Who owns BSE?

BSE has no promoter holding; it is widely held.

Does BSE pay a dividend?

Yes. BSE's dividend yield is 0.37% at the latest price; the last payout was ₹10.00 a share, ex-dividend 10 Jul 2026.

What do analysts say about BSE?

19 analysts cover BSE, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on BSE, and 6,621 other companies, with 212 filters and the full peer tables

See BSE in the app →See pricing