India's Most Valuable Companies 2025 edition · Source: Hurun India
Rank#40- Valuation
- ₹1,48,490 Cr
- 1-year change
- +95%
2024 #91 2023 #167 2022 #401
BSE Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Listed - NSE: BSE Public Limited Company financial services India's Most Valuable · #40 Nifty 50
Market Cap
₹1,33,174 Cr
BSE · NSE
Share Price
₹3,230.80
-1.05% today
Revenue
₹5,124 Cr
FY 2025-26 · +59.5% YoY
EBITDA
₹3,403 Cr
Margin 66.4%
Net Profit
₹2,555 Cr
FY 2025-26 · +83.5% YoY
P/E (TTM)
46.8x
P/B 19.9x
ROE
44.8%
ROCE 49.5%
Authorised capital
₹300 Cr
Registered with MCA
About BSE Limited
Data last updated:
BSE Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the financial exchanges segment of the financial services sector. It was incorporated on 08 August 2005 and has been in existence for over 21 years.
BSE is ranked #40 among India's most valuable companies (2025). It is part of the Nifty 50 and Nifty 500 indices.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67120MH2005PLC155188. Its GSTIN is 27AACCB6672L1ZA (Maharashtra). The company holds 22 GST registrations, of which 18 are active. It is a listed company as per MCA records. Its shares are listed on NSE: BSE.
The company has an authorised share capital of ₹300 Cr and a paid-up capital of ₹81.58 Cr. It was formerly known as Bombay Stock Exchange Limited. It is led by directors including Sundararaman Ramamurthy (Managing Director) and Saurabh Shukla (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 25th Floor P J Towersdalal Street, Mumbai, Maharashtra, India – 400001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹5,124.25 Cr, a growth of 59.5% compared to the previous year. For the same year it recorded a net profit of ₹2,554.77 Cr (net margin 49.9%) and EBITDA of ₹3,403.32 Cr (EBITDA margin 66.4%). The net worth stands at ₹6,673.01 Cr (up 50.8% YoY). Total assets are valued at ₹8,075.65 Cr (up 41% YoY).
The company has about 688 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: BSE Technologies, Gretex Broking and BSE India. As per MCA filings, the company has satisfied charges of ₹1.7 Cr on record. Court records list 397 cases involving the company, including 132 filed by the company and 265 filed against it; 119 cases are pending. The company has 75 deals on record (67 market trades, 4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2,256.42 Cr; the latest was in February 2026. Its 3 peer companies in the BFSI industry (Stock and Commodity Exchanges), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 2 smaller; the largest is National Stock Exchange of India Ltd. with revenue of ₹16,434 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bseindia.com.
Company details
CIN L67120MH2005PLC155188
Registration Number 155188
Incorporation Date 08 August 2005
ROC Mumbai
Listing Status Listed - Listed on NSE (BSE)
Company Status Active
Date of Last AGM 19 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
BSE has one previous CIN (Corporate Identification Number): U67120MH2005PLC155188. The current CIN is L67120MH2005PLC155188, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120MH2005PLC155188 | Current |
| U67120MH2005PLC155188 | Previous |
Key People
Sundararaman Ramamurthy Managing Director Saurabh Shukla Whole-Time Director Gopalan Srinivasaraghavan Whole-Time Director Recognitions & Rankings of BSE
Stock market indices
Nifty 50 Nifty 500
Contact details
BSE Limited's registered office is in Mumbai, Maharashtra. Its website is bseindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address25th Floor P J Towersdalal Street, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Financial Exchanges
To see the full contact details of BSE Limited, buy the company report.
Comprehensive company report
BSE Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
BSE operates multiple associated brands including BSE Technologies, Gretex Broking, and BSE India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| BSE Technologies offers server and network management, hosting, and security services. | bsetech.in | |
| A full-service brokerage firm providing equity and derivatives trading services. | gretexbroking.com | |
| Equities and securities are traded on India's oldest stock exchange. | bseindia.com |
Business activity
The main business activity of BSE is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of BSE Limited, buy the company report.
Financials of BSE Limited
FY 2025-26 filings availableBSE Limited reported revenue of ₹5,124.25 Cr (up 59.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹5,124 Cr
+59.5% YoY
EBITDA
₹3,403 Cr
+90.5% YoY
Profit After Tax
₹2,555 Cr
+83.5% YoY
Net Worth
₹6,673 Cr
+50.8% YoY
Total Assets
₹8,076 Cr
+41.0% YoY
Total Debt
₹0.02 Cr
0.0% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,124 | 3,212 | 1,568 | 925 | 841 | 630 | 609 |
| Revenue growth | +59.5% | +104.8% | +69.6% | +10.0% | +33.4% | +3.5% | - |
| EBITDA | 3,403 | 1,786 | 620 | 316 | 317 | 153 | 109 |
| EBITDA margin | +66.4% | +55.6% | +39.5% | +34.2% | +37.7% | +24.3% | +18.0% |
| Profit before tax | 3,311 | 1,754 | 995 | 297 | 327 | 153 | 135 |
| Net profit | 2,555 | 1,392 | 534 | 221 | 281 | 183 | 112 |
| Net profit margin | +49.9% | +43.3% | +34.1% | +23.9% | +33.4% | +29.1% | +18.5% |
| EPS (₹) | 61.22 | 97.96 | 57.51 | 16.29 | 18.80 | 32.20 | 27.17 |
| Balance sheet | |||||||
| Total assets | 8,076 | 5,727 | 4,423 | 3,601 | 3,441 | 3,082 | 2,890 |
| Net worth | 6,673 | 4,424 | 3,302 | 2,701 | 2,655 | 2,507 | 2,425 |
| Total debt | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 |
| Cash & bank | 5,173 | 5,184 | 4,463 | 3,050 | 3,512 | 1,927 | 1,609 |
| Net working capital | 502 | 1,207 | (295) | 906 | 868 | 559 | 126 |
| Cash flow | |||||||
| Cash from operations | 3,104 | 414 | 2,643 | (137) | 1,442 | (67.87) | 397 |
| Cash from investing | (2,678) | (758) | (871) | (111) | (980) | (189) | 470 |
| Cash from financing | (304) | (206) | (149) | (186) | 8.94 | (55.25) | (618) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,566 | 1,564 | 1,244 | 1,068 | 958 | 847 | 768 | 813 |
| Revenue growth (YoY) | +63.5% | +84.7% | +62.0% | +31.4% | +59.2% | - | - | - |
| Other income | 160 | 77.60 | 108 | 91.16 | 115 | 205 | 82.57 | 30.05 |
| EBITDA | 1,046 | 1,041 | 732 | 680 | 625 | 484 | 236 | 456 |
| EBITDA margin | +66.8% | +66.6% | +58.8% | +63.7% | +65.3% | +57.2% | +30.7% | +56.0% |
| Depreciation | 42.60 | 54.79 | 44.83 | 32.46 | 26.88 | 29.84 | 30.18 | 29.14 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1,164 | 1,063 | 795 | 739 | 713 | 660 | 288 | 457 |
| Tax | 291 | 268 | 199 | 182 | 175 | 166 | 69.38 | 111 |
| Net profit | 873 | 795 | 597 | 557 | 538 | 494 | 219 | 346 |
| EPS (₹) | 21.22 | 19.35 | 14.61 | 13.56 | 13.09 | 36.00 | 16.00 | 25.25 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,801 | 2,883 | 1,258 | 709 | 698 | 537 | 518 |
| Revenue growth | +66.5% | +129.3% | +77.3% | +1.6% | +29.9% | +3.7% | - |
| EBITDA | 3,171 | 1,536 | 455 | 254 | 277 | 140 | 103 |
| EBITDA margin | +66.1% | +53.3% | +36.2% | +35.7% | +39.6% | +26.0% | +19.9% |
| Profit before tax | 3,087 | 1,475 | 919 | 238 | 261 | 116 | 175 |
| Net profit | 2,380 | 1,178 | 340 | 167 | 195 | 109 | 98.61 |
| Net profit margin | +49.6% | +40.9% | +27.0% | +23.5% | +27.9% | +20.2% | +19.0% |
| EPS (₹) | 57.22 | 82.19 | 55.66 | 12.32 | 14.43 | 21.61 | 38.59 |
| Balance sheet | |||||||
| Total assets | 5,793 | 3,764 | 2,854 | 2,279 | 2,292 | 2,196 | 2,173 |
| Net worth | 5,767 | 3,748 | 2,844 | 2,269 | 2,287 | 2,187 | 2,165 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 1,270 | 1,231 | 991 | 951 | 760 | 508 | 204 |
| Net working capital | 157 | 550 | (241) | 202 | (23.98) | (167) | (382) |
| Cash flow | |||||||
| Cash from operations | 2,652 | 516 | 492 | 86.92 | 202 | 65.20 | 66.08 |
| Cash from investing | (2,283) | (329) | (283) | 96.17 | (216) | 98.19 | 580 |
| Cash from financing | (316) | (206) | (179) | (186) | (96.19) | (77.87) | (635) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,474 | 1,468 | 1,153 | 975 | 873 | 763 | 688 | 659 |
| Revenue growth (YoY) | +68.8% | +92.4% | +67.5% | +48.0% | +76.0% | - | - | - |
| Other income | 127 | 115 | 77.30 | 98.93 | 91.19 | 104 | 51.08 | 95.58 |
| Total expenses | 492 | 487 | 455 | 371 | 316 | 323 | 367 | 357 |
| EBITDA | 982 | 981 | 698 | 604 | 557 | 440 | 322 | 302 |
| EBITDA margin | +66.6% | +66.8% | +60.6% | +61.9% | +63.8% | +57.7% | +46.7% | +45.9% |
| Depreciation | 35.90 | 46.85 | 39.38 | 27.20 | 21.90 | 24.06 | 24.24 | 23.27 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1,073 | 1,049 | 736 | 676 | 626 | 520 | 349 | 375 |
| Tax | 272 | 250 | 184 | 161 | 158 | 123 | 88.39 | 92.95 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,566 | 1,564 | 1,244 | 1,068 | 958 | 847 | 768 | 813 |
| Revenue growth (YoY) | +63.5% | +84.7% | +62.0% | +31.4% | +59.2% | - | - | - |
| Other income | 160 | 77.60 | 108 | 91.16 | 115 | 205 | 82.57 | 30.05 |
| EBITDA | 1,046 | 1,041 | 732 | 680 | 625 | 484 | 236 | 456 |
| EBITDA margin | +66.8% | +66.6% | +58.8% | +63.7% | +65.3% | +57.2% | +30.7% | +56.0% |
| Depreciation | 42.60 | 54.79 | 44.83 | 32.46 | 26.88 | 29.84 | 30.18 | 29.14 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1,164 | 1,063 | 795 | 739 | 713 | 660 | 288 | 457 |
| Tax | 291 | 268 | 199 | 182 | 175 | 166 | 69.38 | 111 |
| Net profit | 873 | 795 | 597 | 557 | 538 | 494 | 219 | 346 |
| EPS (₹) | 21.22 | 19.35 | 14.61 | 13.56 | 13.09 | 36.00 | 16.00 | 25.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,124 | 3,212 | 1,568 | 925 | 841 | 630 | 609 |
| Revenue growth | +59.5% | +104.8% | +69.6% | +10.0% | +33.4% | +3.5% | - |
| Other income | 101 | 112 | 509 | 78.33 | 87.01 | 67.35 | 79.52 |
| Total expenses | 1,721 | 1,426 | 948 | 609 | 524 | 477 | 500 |
| Employee cost | 298 | 237 | 199 | 180 | 177 | 149 | 151 |
| EBITDA | 3,403 | 1,786 | 620 | 316 | 317 | 153 | 109 |
| EBITDA margin | +66.4% | +55.6% | +39.5% | +34.2% | +37.7% | +24.3% | +18.0% |
| Depreciation | 159 | 113 | 94.93 | 60.34 | 48.29 | 57.87 | 51.04 |
| Interest | 34.49 | 31.71 | 38.70 | 36.86 | 28.16 | 10.30 | 2.37 |
| Profit before tax | 3,311 | 1,754 | 995 | 297 | 327 | 153 | 135 |
| Tax | 824 | 431 | 224 | 91.61 | 82.33 | 10.87 | 14.88 |
| Net profit | 2,555 | 1,392 | 534 | 221 | 281 | 183 | 112 |
| Net profit margin | +49.9% | +43.3% | +34.1% | +23.9% | +33.4% | +29.1% | +18.5% |
| EPS (₹) | 61.22 | 97.96 | 57.51 | 16.29 | 18.80 | 32.20 | 27.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 81.58 | 27.07 | 27.07 | 27.09 | 27.05 | 9.00 | 9.00 |
| Reserves & surplus | 6,591 | 4,397 | 3,275 | 2,674 | 2,627 | 2,483 | 2,416 |
| Shareholders' funds (net worth) | 6,673 | 4,424 | 3,302 | 2,701 | 2,655 | 2,507 | 2,425 |
| Minority interest | 122 | 152 | 152 | 128 | 135 | 23.51 | 18.56 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 |
| Total debt | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 |
| Total liabilities | 8,076 | 5,727 | 4,423 | 3,601 | 3,441 | 3,082 | 2,890 |
| Assets | |||||||
| Gross block | 1,306 | 864 | 698 | 616 | 466 | 477 | 426 |
| Net block | 642 | 300 | 285 | 252 | 161 | 184 | 190 |
| Capital work in progress | 76.75 | 54.12 | 14.51 | 1.93 | 10.02 | 3.79 | 21.87 |
| Investments | 3,837 | 2,845 | 2,390 | 1,453 | 1,968 | 1,844 | 2,132 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 553 | 288 | 211 | 90.89 | 63.39 | 87.57 | 69.99 |
| Cash & bank balances | 5,173 | 5,184 | 4,463 | 3,050 | 3,512 | 1,927 | 1,609 |
| Loans & advances | 146 | 350 | 58.54 | 158 | 37.03 | 89.60 | 32.10 |
| Total current assets | 5,872 | 5,822 | 4,732 | 3,299 | 3,612 | 2,104 | 1,711 |
| Total current liabilities | 5,370 | 4,615 | 5,027 | 2,393 | 2,744 | 1,545 | 1,586 |
| Net working capital | 502 | 1,207 | (295) | 906 | 868 | 559 | 126 |
| Total assets | 8,076 | 5,727 | 4,423 | 3,601 | 3,441 | 3,082 | 2,890 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1,524 | 2,074 | 451 | 887 | 416 | 729 | 479 |
| Net cash from operating activities | 3,104 | 414 | 2,643 | (137) | 1,442 | (67.87) | 397 |
| Net cash from investing activities | (2,678) | (758) | (871) | (111) | (980) | (189) | 470 |
| Net cash from financing activities | (304) | (206) | (149) | (186) | 8.94 | (55.25) | (618) |
| Net change in cash | 122 | (550) | 1,623 | (434) | 471 | (313) | 249 |
| Closing cash | 5,173 | 5,184 | 4,463 | 3,050 | 3,512 | 1,927 | 1,609 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +59.5% | +104.8% | +69.6% | +10.0% | +33.4% | +3.5% | - |
| EBITDA growth | +90.5% | +188.2% | +96.0% | -0.2% | +106.5% | +40.2% | - |
| PBT growth | +88.8% | +76.2% | +234.8% | -9.2% | +114.5% | +12.6% | -39.1% |
| Net income growth | +83.5% | +160.7% | +142.0% | -21.5% | +53.3% | +63.2% | - |
| Revenue CAGR (3Y) | +77.0% | +56.3% | +35.5% | +14.9% | +8.8% | -2.3% | +2.1% |
| EBITDA CAGR (3Y) | +120.8% | +78.0% | +59.3% | +42.4% | +15.6% | -17.6% | -17.2% |
| Profitability & leverage | |||||||
| Net income margin | +48.5% | +41.2% | +49.2% | +22.2% | +29.1% | +22.5% | +19.8% |
| Return on capital employed | +49.5% | +36.3% | +18.5% | +9.9% | +12.3% | +7.1% | +4.0% |
| Return on net worth | +44.8% | +34.2% | +17.6% | +7.7% | +10.5% | +7.3% | +4.1% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.06 | 1.90 | 7.37 | 14.41 | 10.49 | 10.78 | 4.06 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.72 | 4.11 | 2.39 | 1.71 | 1.78 | 1.40 | 1.47 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 12.19 | 12.88 | 10.39 | 11.99 | 11.14 | 8.00 | 10.24 |
| EPS (₹) | 61.22 | 97.96 | 57.51 | 16.29 | 18.80 | 32.20 | 27.17 |
| Dividend per share (₹) | 10.00 | 23.00 | 15.00 | 12.00 | 13.50 | 21.00 | 17.00 |
| Book value per share (₹) | 163.59 | 326.84 | 243.98 | 199.42 | 196.27 | 553.87 | 538.91 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,474 | 1,468 | 1,153 | 975 | 873 | 763 | 688 | 659 |
| Revenue growth (YoY) | +68.8% | +92.4% | +67.5% | +48.0% | +76.0% | - | - | - |
| Other income | 127 | 115 | 77.30 | 98.93 | 91.19 | 104 | 51.08 | 95.58 |
| Total expenses | 492 | 487 | 455 | 371 | 316 | 323 | 367 | 357 |
| EBITDA | 982 | 981 | 698 | 604 | 557 | 440 | 322 | 302 |
| EBITDA margin | +66.6% | +66.8% | +60.6% | +61.9% | +63.8% | +57.7% | +46.7% | +45.9% |
| Depreciation | 35.90 | 46.85 | 39.38 | 27.20 | 21.90 | 24.06 | 24.24 | 23.27 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1,073 | 1,049 | 736 | 676 | 626 | 520 | 349 | 375 |
| Tax | 272 | 250 | 184 | 161 | 158 | 123 | 88.39 | 92.95 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,801 | 2,883 | 1,258 | 709 | 698 | 537 | 518 |
| Revenue growth | +66.5% | +129.3% | +77.3% | +1.6% | +29.9% | +3.7% | - |
| Other income | 51.59 | 29.40 | 538 | 33.02 | 25.82 | 27.57 | 116 |
| Total expenses | 1,630 | 1,347 | 802 | 456 | 422 | 398 | 415 |
| Employee cost | 192 | 156 | 110 | 92.81 | 98.30 | 89.14 | 93.90 |
| EBITDA | 3,171 | 1,536 | 455 | 254 | 277 | 140 | 103 |
| EBITDA margin | +66.1% | +53.3% | +36.2% | +35.7% | +39.6% | +26.0% | +19.9% |
| Depreciation | 135 | 90.49 | 75.03 | 48.98 | 41.36 | 51.03 | 43.55 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.33 | 0.00 |
| Profit before tax | 3,087 | 1,475 | 919 | 238 | 261 | 116 | 175 |
| Tax | 753 | 363 | 165 | 70.69 | 65.98 | 18.73 | 1.55 |
| Net profit | 2,380 | 1,178 | 340 | 167 | 195 | 109 | 98.61 |
| Net profit margin | +49.6% | +40.9% | +27.0% | +23.5% | +27.9% | +20.2% | +19.0% |
| EPS (₹) | 57.22 | 82.19 | 55.66 | 12.32 | 14.43 | 21.61 | 38.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 81.58 | 27.07 | 27.07 | 27.09 | 27.05 | 9.00 | 9.00 |
| Reserves & surplus | 5,685 | 3,721 | 2,817 | 2,242 | 2,260 | 2,178 | 2,156 |
| Shareholders' funds (net worth) | 5,767 | 3,748 | 2,844 | 2,269 | 2,287 | 2,187 | 2,165 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 5,793 | 3,764 | 2,854 | 2,279 | 2,292 | 2,196 | 2,173 |
| Assets | |||||||
| Gross block | 1,073 | 678 | 534 | 475 | 371 | 387 | 337 |
| Net block | 527 | 206 | 195 | 164 | 98.28 | 118 | 118 |
| Capital work in progress | 71.57 | 54.13 | 14.48 | 1.74 | 4.40 | 3.80 | 23.16 |
| Investments | 3,772 | 2,665 | 2,423 | 1,573 | 1,960 | 1,978 | 2,160 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 504 | 212 | 119 | 46.79 | 52.54 | 55.75 | 51.95 |
| Cash & bank balances | 1,270 | 1,231 | 991 | 951 | 760 | 508 | 204 |
| Loans & advances | 112 | 306 | 29.23 | 31.39 | 15.05 | 65.55 | 11.51 |
| Total current assets | 1,886 | 1,750 | 1,139 | 1,029 | 828 | 629 | 267 |
| Total current liabilities | 1,729 | 1,200 | 1,380 | 826 | 852 | 797 | 650 |
| Net working capital | 157 | 550 | (241) | 202 | (23.98) | (167) | (382) |
| Total assets | 5,793 | 3,764 | 2,854 | 2,279 | 2,292 | 2,196 | 2,173 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 14.43 | 33.16 | 3.41 | 5.83 | 116 | 30.11 | 18.28 |
| Net cash from operating activities | 2,652 | 516 | 492 | 86.92 | 202 | 65.20 | 66.08 |
| Net cash from investing activities | (2,283) | (329) | (283) | 96.17 | (216) | 98.19 | 580 |
| Net cash from financing activities | (316) | (206) | (179) | (186) | (96.19) | (77.87) | (635) |
| Net change in cash | 53.42 | (18.73) | 29.75 | (2.42) | (110) | 85.52 | 11.83 |
| Closing cash | 1,270 | 1,231 | 991 | 951 | 760 | 508 | 204 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +66.5% | +129.3% | +77.3% | +1.6% | +29.9% | +3.7% | - |
| EBITDA growth | +106.4% | +237.3% | +79.6% | -8.3% | +97.9% | +35.4% | - |
| PBT growth | +109.3% | +60.6% | +286.6% | -9.0% | +125.1% | -33.8% | -19.8% |
| Net income growth | +102.0% | +247.0% | +103.5% | -14.4% | +79.3% | +10.3% | - |
| Revenue CAGR (3Y) | +89.2% | +60.4% | +32.8% | +11.0% | +6.7% | -5.1% | -0.2% |
| EBITDA CAGR (3Y) | +132.1% | +77.1% | +48.3% | +34.9% | +7.8% | -23.7% | -19.4% |
| Profitability & leverage | |||||||
| Net income margin | +48.6% | +38.6% | +59.9% | +23.5% | +28.0% | +18.1% | +33.5% |
| Return on capital employed | +64.6% | +44.6% | +16.1% | +10.4% | +11.6% | +6.0% | +3.5% |
| Return on net worth | +49.1% | +33.8% | +13.3% | +7.3% | +8.7% | +5.0% | +4.1% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.37 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.48 | 4.76 | 2.49 | 1.68 | 1.84 | 1.49 | 1.61 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 13.40 | 17.39 | 15.16 | 14.28 | 12.90 | 9.98 | 11.13 |
| EPS (₹) | 57.22 | 82.19 | 55.66 | 12.32 | 14.43 | 21.61 | 38.59 |
| Dividend per share (₹) | 10.00 | 23.00 | 15.00 | 12.00 | 13.50 | 21.00 | 17.00 |
| Book value per share (₹) | 141.37 | 276.89 | 210.12 | 167.52 | 169.11 | 486.04 | 481.11 |
To see the full year-wise statements and ratios of BSE Limited, buy the company report.
Board of directors of BSE Limited
BSE has 10 current directors and 51 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhasis Chaudhuri Also directs: Acsel Technology Forum | Director | 19 May 2022 | 4 Years 5 Months | Current |
| Shiavax Jal Vazifdar | Director | 19 May 2022 | 4 Years 5 Months | Current |
| Sundararaman Ramamurthy | Managing Director | 04 Jan 2023 | 3 Years 9 Months | Current |
| Padmini Srinivasan Also directs: Delhivery Limited | Director | 14 Feb 2023 | 3 Years 8 Months | Current |
| Santanu Paul | Director | 14 Jan 2026 | 0 Years 9 Months | Current |
| Rajiv Bansal Also directs: Care Ratings Limited, Mahindra Agri Solutions Limited, JK Maini Precision Technology Limited and 2 more | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
BSE Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Stock and Commodity Exchanges), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| National Stock Exchange of India Ltd. | ₹16,434 Cr (FY 2024) | 29.0% | Mumbai, Maharashtra, India | |||
| BSE Limitedthis company | ₹5,124.25 Cr (FY 2026) | ₹2,554.77 Cr | 49.9% | 59.5% | 688 | Mumbai, Maharashtra, India |
| Multi Commodity Exchange of India Limited | ₹1,208.86 Cr (FY 2025) | 59.0% | Mumbai, Maharashtra, India | |||
| NSE Ifsc Limited | ₹136.45 Cr (FY 2025) | 73.0% | Gift, Gujarat, India |
To see the full peer comparison of BSE Limited, buy the company report.
Auditor
BSE Limited is audited by S.R. BATLIBOI & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & CO LLP | FY 2023 | 301003E/E300005 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 0.00%, foreign institutional investors hold 21.30%, domestic institutional investors hold 24.30% and retail and other public shareholders hold 54.40%.
Sep 2026
QUARTER
24.30% DII (Domestic Institutional)
21.30% FII (Foreign Institutional)
54.40% Retail & Others
Public holding - history
Now 100.00% · Sep 2026High 100.00% · Dec 2025Low 100.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 100.00% | 100.00% | 100.00% | 100.00% |
Charges & borrowings
Open charges
None
Satisfied charges
₹1.7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Nov 2018 | 100219578 | Others | ₹1.7 Cr | Satisfied |
To see the full charge records of BSE Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
BSE Limited has 75 deals on record (67 market trades, 4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2,256.42 Cr; the latest was in February 2026.
Total deals
75
Market trades
67
Funding rounds
4
Secondary share transfers
2
Acquisition
1
Disclosed funding
₹2,256.42 Cr
Deals on record (5 of 75)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2025 | Market trade | ₹659.34 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jul 2025 | Market trade | ₹570.21 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| May 2025 | Market trade | ₹829.42 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited , Jump Trading Financial India Private Limited Seller: Graviton Research Capital LLP , Jump Trading Financial India Private Limited , Hrti Private Limited |
| May 2025 | Market trade | ₹624.99 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Mar 2025 | Market trade | ₹1,190.47 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited Seller: Graviton Research Capital LLP , Hrti Private Limited |
To see the full deal history of BSE Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
BSE Limited has 397 court cases on record: 132 filed by BSE, 265 filed against it. 119 cases are pending and 278 are disposed.
Total cases
397
Filed by the company
132
Filed against the company
265
Pending
119
Disposed
278
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 211 | 160 | 65 |
| District courts | 88 | 39 | 23 |
| NCLAT | 53 | 37 | 19 |
| Supreme Court | 28 | 17 | 11 |
| NCLT | 17 | 12 | 1 |
Cases on record (5 of 397)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Radha Madhav Corporation Ltd Through Its Director Mr. Vijay Patel | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Radha Madhav Corporation Ltd Through Its Director Mr. Vijay Patel | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by CF Technologies Limited, | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Wisetree Capital Pvt Limited | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against Khoday India Limited | Pending |
To see the full case history of BSE Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for BSE Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
BSE Limited has a workforce of 688 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
Employee count
688
Active EPFO establishments
1
Employee growth
4.4%
GST
BSE has 22 GST registrations: 18 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
22
Active
18
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCB6672L1ZA | Maharashtra | Active | 01 Jul 2017 |
| 27AACCB6672L2Z9 | Maharashtra | Active | 04 Mar 2025 |
| 07AACCB6672L1ZC | Delhi | Active | 15 Jul 2017 |
| 23AACCB6672L1ZI | Madhya Pradesh | Active | 15 Jul 2017 |
To see the full GST registrations and return filing status of BSE Limited, buy the company report.
Recent activity
BSE Limited has 104 board changes on record since 2005: 58 appointments and 46 cessations. The latest: Saurabh Shukla was appointed as Whole-Time Director on 04 Sep 2026.
Charges
A charge registered on 05 Nov 2018 via Charge ID 100219578 with Others was fully satisfied on 05 Oct 2026.
Appointed
Saurabh Shukla was appointed as Whole-Time Director.
AGM
Bse Limited last Annual general meeting of members was held on 19 Aug 2026 as per latest MCA records.
Appointed
Gopalan Srinivasaraghavan was appointed as Whole-Time Director.
Filing
Bse Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Santanu Paul was appointed as Director.
Ceased
Nandkumar Saravade ceased to be Director.
Ceased
Jayshree Ashwinkumar Vyas ceased to be Director.
Appointed
Rajiv Bansal was appointed as Director.
Ceased
Umakant Jayaram ceased to be Director.
Appointed
Shamanna Balasubramanya was appointed as Director.
Ceased
Pramod Agrawal ceased to be Director.
97 earlier events are in the company report.
News
BSE Achieves All-Time High Expiry-Day Premium Of ₹85,356 Cr, With October's Premium ADTV Reaching ₹39,014 Cr And Market Share At 37%, Surpassing Q1's ₹29,000 Cr Average. Further Growth Anticipated After CAS Removal.
SEBI PANEL BACKS 30-MINUTE VWAP FOR EXPIRY SETTLEMENT, PUTS CAS-LINKED FORMULA ON HOLD (BSE, NSE)
BSE: RS. 59.09 CRORES NSE BLOCK TRADE; FOR ~ 179,701 SHARES, AT RS. 3288.00
BSE: Macquarie on BSE Initiates Outperform, Target Price ₹4,000; sees BSE as a challenger, with premium to global peers supported by growth, margins, ROE and cash optionality.
From our blog
Frequently asked questions
BSE is an active public limited company based in Mumbai, Maharashtra, India. The company works in financial exchanges, within the financial services industry. It was incorporated on 08 August 2005 (21+ years old) and is registered under CIN L67120MH2005PLC155188. Listed on NSE: BSE.
BSE reported revenue of ₹5,124.25 Cr for FY 2025-26 (up 59.5% YoY) based on consolidated financials.
BSE has 10 current directors:
- Sundararaman Ramamurthy - Managing Director
- Saurabh Shukla - Whole-Time Director
- Gopalan Srinivasaraghavan - Whole-Time Director
- Subhasis Chaudhuri - Director
- Shiavax Jal Vazifdar - Director
- Padmini Srinivasan - Director
- Santanu Paul - Director
- Rajiv Bansal - Director
- Shamanna Balasubramanya - Director
- Mukkavilli Jagannath - Director
The latest financial statements of BSE on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of BSE is 27AACCB6672L1ZA, registered in Maharashtra. The company has 22 GST registrations in all, of which 18 are active and 4 are cancelled or inactive. Other active GSTINs include 27AACCB6672L2Z9 (Maharashtra), 07AACCB6672L1ZC (Delhi), 23AACCB6672L1ZI (Madhya Pradesh).
The CIN (Corporate Identification Number) of BSE is L67120MH2005PLC155188. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. BSE is a listed company as per MCA records. Its shares are listed on NSE (symbol: BSE).
BSE has 397 court cases on record: 132 filed by the company and 265 filed against it. 119 are pending. Most are in the high courts.
BSE was incorporated on 08 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
BSE has 75 deals on record (67 market trades, 4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2,256.42 Cr; the latest was in February 2026.
The peers of BSE by revenue are National Stock Exchange of India Ltd, Multi Commodity Exchange of India Limited, NSE Ifsc Limited, all in the BFSI industry (Stock and Commodity Exchanges), with the same principal business activity (other financial activities).