BSE Ltd. (BSE) AI Stock Analysis

• Market Cap: ₹1.03T
• Dividend Yield: 0.24%
• Average Volume (3M): 5.20M
• Price to Earnings (P/E): 63.3
• Beta (1Y): 1.41
• Revenue Growth: 79.37%
• EPS Growth: 165.21%
• Country: IN
• Employees: 518
• Sector: Financial
• Sector Strength: 65
• Industry: Financial - Data & Stock Exchanges
• EPS (TTM): 13.10
• Shares Outstanding: 415,584,470
• 10 Day Avg. Volume: 4,813,576
• 30 Day Avg. Volume: 5,195,932
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹2,581.40
• Price Target Upside: 4.00% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 69 Neutral
• Price Target: ₹2,734.00 ▲(10.15% Upside)

BSE Ltd.'s strong financial performance is the most significant factor, showcasing robust revenue growth and profitability. However, the technical analysis indicates mixed market trends, and the high P/E ratio suggests potential overvaluation, which tempers the overall score.

BSE Ltd. Business Overview & Revenue Model

Company Description

BSE Ltd. (BSE), formerly known as the Bombay Stock Exchange, is one of Asia's oldest stock exchanges, headquartered in Mumbai, India. It provides a platform for trading in equities, derivatives, debt instruments, mutual funds, and currencies. BSE also offers services such as risk management, clearing, settlement, market data, and investor education. It plays a crucial role in the Indian financial market ecosystem by facilitating capital raising for businesses and providing a venue for buying and selling of securities.

How the Company Makes Money

BSE Ltd. generates revenue through various streams, primarily by charging transaction fees on trades executed on its platform. This includes fees from equity trading, derivatives, and other financial instruments. Additionally, BSE earns income from listing fees paid by companies to list their securities on the exchange. They also collect data fees by providing market data and information to financial institutions, traders, and investors. Another source of income is the subscription fees from members and participants for use of their infrastructure and technology services. BSE's strategic alliances and partnerships with global exchanges and financial institutions further enhance its revenue potential by expanding its service offerings and market reach.

BSE Ltd. Financial Statement Overview

Summary

BSE Ltd. exhibits strong financial health with significant revenue growth and profitability margins. The balance sheet shows minimal leverage and efficient equity use, while cash flow remains positive despite a slight decline.

Income Statement

BSE Ltd. demonstrates robust revenue growth, with a 131% increase from the previous year, reflecting strong business expansion. The gross profit margin stands at an impressive 86.41%, indicating high efficiency in managing costs relative to revenue. The net profit margin is equally solid at 41.28%, showcasing profitability. EBIT and EBITDA margins further underline operational efficiency, at 71.56% and 70.96% respectively.

Balance Sheet

The company's balance sheet is strong with a low debt-to-equity ratio of 0.0000036, highlighting minimal leverage and low financial risk. The return on equity is high at 23.85%, reflecting efficient use of equity to generate profits. The equity ratio is 53.73%, suggesting a stable capital structure with a significant proportion of assets financed by equity.

Cash Flow

BSE Ltd. has a positive free cash flow, although it decreased slightly by 4.16% from the previous year. The operating cash flow to net income ratio is strong at 0.32, indicating efficient conversion of income into cash. The free cash flow to net income ratio is 0.20, showing the company can generate cash flow relative to its net income.

Breakdown	Dec 2025	Dec 2023	Dec 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	32.12B	8.16B	13.90B	7.43B	5.01B
Gross Profit	27.75B	5.00B	9.32B	4.36B	2.40B
EBITDA	22.79B	3.85B	11.06B	3.98B	2.21B
Net Income	13.26B	2.21B	7.78B	2.54B	1.45B
Balance Sheet
Total Assets	103.42B	59.94B	94.50B	61.85B	46.27B
Cash, Cash Equivalents and Short-Term Investments	67.05B	36.21B	41.07B	18.92B	13.47B
Total Debt	200.00K	200.00K	200.00K	200.00K	300.00K
Total Liabilities	46.33B	31.65B	59.96B	33.96B	21.11B
Stockholders Equity	55.56B	27.01B	33.02B	26.55B	24.92B
Cash Flow
Free Cash Flow	2.70B	-2.81B	28.15B	14.10B	-1.06B
Operating Cash Flow	4.23B	-1.37B	29.47B	14.42B	-678.70M
Investing Cash Flow	-7.67B	-1.11B	-10.71B	-9.80B	-1.89B
Financing Cash Flow	-2.06B	-1.86B	-1.49B	89.40M	-552.50M

BSE Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2482.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BSE, the sentiment is Positive. The current price of 2482 is above the 20-day moving average (MA) of 2456.52, below the 50-day MA of 2597.06, and above the 200-day MA of 2028.90, indicating a neutral trend. The MACD of -34.62 indicates Negative momentum. The RSI at 50.24 is Neutral, neither overbought nor oversold. The STOCH value of 73.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BSE.

BSE Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HDFCAMC	75 Outperform	₹1.17T	45.07		1.64%	27.61%	25.70%
ABSLAMC	73 Outperform	₹246.84B	25.38		2.81%	19.42%	16.76%
BSE	69 Neutral	₹1.03T	63.27		0.24%	79.37%	165.21%
MCX	68 Neutral	₹415.57B	63.61		0.37%	60.95%	273.94%
NAM.INDIA	68 Neutral	₹510.48B	37.72		2.24%	19.78%	11.11%
Sector *	68 Neutral	$17.53B	11.78	10.42%	3.83%	9.94%	1.31%
CDSL	64 Neutral	₹326.00B	65.88		0.80%	18.35%	3.14%