BSE Ltd. (BSE) AI Stock Analysis

• Market Cap: ₹1.13T
• Dividend Yield: 0.22%
• Average Volume (3M): 4.80M
• Price to Earnings (P/E): 44.6
• Beta (1Y): 1.40
• Revenue Growth: 59.55%
• EPS Growth: 118.89%
• Country: IN
• Employees: 518
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Data & Stock Exchanges
• EPS (TTM): 14.80
• Shares Outstanding: 407,299,070
• 10 Day Avg. Volume: 6,764,087
• 30 Day Avg. Volume: 4,803,324
• PEG Ratio: 0.81
• Price to Book (P/B): 16.97
• Price to Sales (P/S): 25.38
• P/FCF Ratio: 278.22
• 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: ₹3,050.00
• Price Target Upside: 2.17% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 57.13
• Revenue Forecast (FY): ₹47.90B

• Rating: 71 Outperform
• Price Target: ₹3,310.00 ▲(10.88% Upside)
• Action: Reiterated Date: 11/08/25
• Date: Action: Reiterated 11/08/25

BSE Ltd. scores well due to its strong financial performance, characterized by robust revenue growth and profitability. Technical analysis supports a positive trend, although caution is advised due to overbought signals. Valuation concerns, with a high P/E ratio, slightly dampen the overall score.

Positive Factors

Robust Revenue Growth

A 131% year-over-year revenue jump reflects durable expansion of core exchange activity and adjacent platforms (trading, listings, data, mutual fund distribution). Persistent demand for capital markets services can sustain top-line growth, enabling reinvestment in products and scale economies over the medium term.

Negative Factors

Revenue Sensitivity to Market Activity

Core fee income is closely tied to trading volumes, volatility and new listings, making top-line and cash flows cyclical. Prolonged weak market activity can materially reduce transaction and listing revenues, limiting predictability of earnings and cash generation over the medium term.

BSE Ltd. Business Overview & Revenue Model

Company Description

BSE Limited, together with its subsidiaries, provides a platform for trading in equity, debt instruments, derivatives, and mutual funds in India and internationally. It offers securities, data dissemination, and depository services. The company al...

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BSE Limited, together with its subsidiaries, provides a platform for trading in equity, debt instruments, derivatives, and mutual funds in India and internationally. It offers securities, data dissemination, and depository services. The company al...

How the Company Makes Money

BSE makes money primarily by charging fees for operating financial market infrastructure and providing related services. Key revenue streams typically include: (1) Transaction charges: fees linked to trading activity on its platforms (e.g., equity...

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BSE makes money primarily by charging fees for operating financial market infrastructure and providing related services. Key revenue streams typically include: (1) Transaction charges: fees linked to trading activity on its platforms (e.g., equity...

BSE Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	36.88B	29.57B	13.90B	8.16B	7.43B	5.01B
Gross Profit	25.13B	18.20B	9.32B	5.00B	4.36B	2.40B
EBITDA	26.12B	18.61B	11.06B	3.85B	3.98B	2.21B
Net Income	18.12B	13.26B	7.78B	2.21B	2.54B	1.45B
Balance Sheet
Total Assets	111.38B	103.42B	94.50B	59.94B	61.85B	46.27B
Cash, Cash Equivalents and Short-Term Investments	71.14B	28.27B	20.14B	12.79B	18.93B	13.38B
Total Debt	200.00K	32.60M	200.00K	200.00K	200.00K	300.00K
Total Liabilities	57.74B	57.66B	59.96B	31.65B	33.96B	21.11B
Stockholders Equity	52.11B	44.24B	33.02B	27.01B	26.55B	24.92B
Cash Flow
Free Cash Flow	7.41B	2.70B	28.15B	-2.81B	14.10B	-1.06B
Operating Cash Flow	10.54B	4.23B	29.47B	-1.37B	14.42B	-678.70M
Investing Cash Flow	-14.33B	-8.46B	-8.88B	-1.11B	-9.80B	-1.89B
Financing Cash Flow	-3.16B	-2.06B	-1.49B	-1.86B	89.40M	-552.50M

BSE Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2985.10
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Neutral. The current price of 2985.1 is above the 20-day moving average (MA) of 2806.46, above the 50-day MA of 2822.09, and above the 200-day MA of 2604.00, indicating a neutral trend. The MACD of 5.87 indicates Positive momentum. The RSI at 47.66 is Neutral, neither overbought nor oversold. The STOCH value of 42.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BSE.

BSE Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ABSLAMC	80 Outperform	₹260.73B	21.57	―	3.09%	10.40%	8.23%
NAM.INDIA	76 Outperform	₹530.41B	34.69	―	2.14%	9.15%	0.43%
HDFCAMC	72 Outperform	₹991.75B	37.18	―	0.83%	19.21%	24.12%
BSE	71 Outperform	₹1.13T	44.60	―	0.22%	59.55%	118.89%
MCX	70 Outperform	₹611.61B	35.33	―	0.28%	49.22%	100.59%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CDSL	65 Neutral	₹244.80B	56.57	―	0.82%	3.63%	-11.24%

BSE Ltd. Corporate Events