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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
BSE Limited is an India-based stock exchange company. The Company provides a platform for trading in equity, debt instruments, derivatives, and mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME). The Company operates through a…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, fast-growing business, fully valued.
BSE is scored on the nbfc / financials framework. It keeps a fat 48.3% of every rupee of sales as net profit.
Over the last 3 years revenue compounded at 75%/yr and profit at 130%/yr. Book value itself has compounded 34%/yr — the hallmark of a genuine compounder. Return on equity is an elite 38.8%. In the latest quarter profit grew 10% versus the prior quarter.
At 63× earnings, the stock sits at the 69th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~22%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 50.45 | 37.87 | worse |
| P/B | 19.49 | 8.36 | worse |
| EV/EBITDA | 34.8 | 24.32 | worse |
| ROE | 38.76 | — | — |
| ROCE | 51.28 | 9.99 | better |
| ROA | 21 | — | — |
| Quick Ratio | 1.53 | 5.23 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Multi Commodity Exchange | 50.0 | 25.6 | 51.2% |
| CDSL | 55.2 | 14.0 | 25.5% |
| Computer AGE MNGT SER | 34.8 | 12.3 | 35.5% |
Not applicable for this sector.
Revenue has grown every year across all 4 financial years shown. 75% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (130% vs 75%) — margin expansion is at work. The latest year saw a +88% swing — check if it's a one-off or structural.
Operating margin has expanded from 31% to 64% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 36% — the business earns well above its cost of equity. ROE powered by fat margins — the hallmark of a high-quality franchise with pricing power. Capital efficiency improving — ROE up 29pp across the window.
Profit grew faster than EPS (130% vs 56%) — share dilution is eroding per-share value. 56% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 1.2× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Wide quarterly swings (33% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 35% above earlier ones.
Quarterly net margins are expanding (49% → 51%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
MF holding up 5.1pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.