NSE/BSE

BSEBSE Ltd

Financial Services · NSE

₹3,531.5+2.46%

52-wk low52-WEEK RANGE52-wk high

₹2,040.2+73.1% from low ·-52.7% from high₹7,459

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

BSE+2872.64% · 1Y

Range high ₹7,588Range low ₹30.56Latest ₹3,531.5Powered by TradingView · live NSE data

Financial ServicesFinancial Data & Stock ExchangesLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite75/100

Performance

High

Amongst the strong performers in the market.

· 52w return +68.6% — strong momentum
· Trades 34.0% above 200-DMA — uptrend intact

Valuation

High

Looks expensive vs the sector.

· P/E 66.4 — 259% above sector median 18.5
· P/B 22.69 above sector median

Growth

High

Growing faster than the broader market.

· Revenue YoY +100.0% — strong top-line
· Profit YoY +70.3% — strong earnings growth

Profitability

High

Showing good signs of profitability & efficiency.

· ROE 34.2% — high-quality compounder
· Net margin 41.0% — strong pricing power

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(62/100)

Durability

A+

92/100

Financially resilient — strong quality + solvency profile.

Show 4 drivers

Piotroski F-score7/9 (78pt)
Altman Z" score8.77 (100pt)
Debt/Equity0.00 (100pt)
ROE34.2% (100pt)

Valuation

1/100

Richly valued on most axes; limited margin of safety.

Show 4 drivers

P/E vs sector (66.4 / 18.5)359% (0pt)
P/B22.69 (0pt)
Dividend yield0.17% (4pt)
EV/EBITDA40.5 (0pt)

Momentum

A+

92/100

Strong, confirmed momentum across price + technicals.

Show 5 drivers

52w change+68.6% (100pt)
DMA-trend alignmentstrong up (100pt)
RSI (14)74.5 (65pt)
Price vs 200-DMA+34.2% (100pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)66.41

OVERVALUED

CheapestP/E 66.4 at 86th %ile — pricier than 86% of peers.Most expensive

P/B22.69

OVERVALUED

CheapestP/B 22.69 at 98th %ile of sector.Most expensive

EV/EBITDA40.51

OVERVALUED

Monthly seasonality

Avg monthly return over 9 years · historical — not a forecast

Best: Apr +35.75% · Worst: Feb -6.43%

Jan

+0.5%

44% win

Feb

-6.4%

22% win

Mar

+3.5%

50% win

Apr

+35.7%

90% win

May

-0.5%

44% win

Jun

-0.3%

Monthly return distribution

Distribution of 110 monthly returns

Mean

+5.57%

Median

+0.42%

Std dev

28.05%

Best

+248.1%

Worst

-57.9%

% positive

51%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 5

High-quality compounder (ROE 34.2%)
Above 20% ROE consistently flags capital-efficient businesses
Lean balance sheet (D/E 0.00)
Low leverage means earnings are less sensitive to rate cycles
Consistent top-line growth (58.5% 3Y CAGR)
Sustained revenue compounding is rare and hard to fake
Strong net margin (41.0%)
High margin indicates pricing power + operating efficiency
Financial quality score 7/9
Piotroski ≥7 historically associated with outperformance

WEAKNESSES · 1

Premium to sector on P/E (+259%)
P/E 66.4 vs Financial Services median 18.5

OPPORTUNITIES · 1

Strong uptrend — DMA stack bullish
Price > 20-DMA > 50-DMA > 200-DMA: momentum tailwind intact

THREATS · 1

Valuation compression risk
P/E 66.4 is 259% above sector — any growth miss gets punished

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+2.5%

+7.6%

+26.3%

+31.1%

+69.7%

-36.2%

+182.4%

+118.5%

10Y

+44.6%

Fundamentals

VALUATION

Market cap

₹1,42,868 Cr

P/E (TTM)

66.4

P/E (fwd)

49.2

next 12m

P/B

22.69

EV/EBITDA

40.5

Book value

₹155.00

per share

PROFITABILITY · QUALITY

ROE

34.2%

ROCE

—

Net margin

41.0%

Op margin

81.7%

Gross margin

99.6%

D/E

0.00

GROWTH · MARKET

Rev YoY

+100.0%

Profit YoY

+70.3%

Div yield

0.17%

Payout

11.3%

52w change

+68.6%

Beta

0.06

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 5

+Forward P/E materially below trailing (49.2x vs 66.4x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+High ROE of 34.2%Capital-efficient business — every rupee of equity generates 34.2 paise of earnings
+Strong operating margin (81.7%)Meaningful pricing power or cost discipline — above most Indian companies
+Revenue growing at +100.0% YoYGrowth-category territory — implies market-share gains or market expansion
+Profit growing fast (+70.3% YoY)Operating leverage kicking in — bottom line out-growing top line

CONS · 3

−Trades at a premium to sector on P/EP/E 66.4 vs Financial Services median 18.5 — priced for more growth than peers
−

Sector-relative context

Financial Services · 58 peers

P/E (TTM)

This stock

66.41

Sector median

18.51

Rank 50/58 (16th %ile)

ROE

This stock

34.2%

Sector median

13.6%

Rank 56/58 (5th %ile)

P/B

This stock

22.69

Sector median

2.13

Rank 57/58 (3th %ile)

Quality score · Piotroski F-score

7 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✗Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE8.77

Z″ = 8.77 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	1.147	×6.56	7.526
Retained Earnings / Total Assets (B)	0.227	×3.26	0.741
EBIT / Total Assets (C)	0.028	×6.72	0.186
Book Equity / Total Liabilities (D)	0.302	×1.05	0.317

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

14 analysts · BUY

Target mean

₹3186.05

Target high

₹3800.00

Target low

₹903.67

Upside vs today

-9.4%

Street consensus target is -9.4% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Financial Data & Stock Exchanges

Employees

771

Shares out

40.6

Revenue (TTM)

₹4,315 Cr

EBITDA

₹3,428 Cr

Total debt

₹0 Cr

Cash

₹7,096 Cr

Net debt

₹-7,096 Cr

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	768	830	958	1,068	1,244
Operating profit	—	205	597	599	648	687
OPM %	—	26.7%	71.9%	62.5%	60.6%	55.3%

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	743	816	1,371	2,957
Operating profit	172	149	334	1,423
OPM %	23.1%	18.2%	24.3%	48.1%
Interest	22	27	15	0
Depreciation

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
BSETHIS BSE Limited	₹3,531.5	-43.8%	1,42,868	66.4	22.69	34.2%	0.00	+100.0%
HDFCBANK HDFC Bank Limited	₹799.9	-58.5%	12,24,457	17.8	2.17	13.8%	—	-1.8%
SBIN State Bank of India	₹1,080.25	+32.3%	10,22,614	12.1	1.73	14.3%	—	+14.5%
ICICIBANK ICICI Bank Limited	₹1,346.8	-4.5%	9,71,609	18.5	2.78	16.4%	—	+66.9%
BAJFINANCE Bajaj Finance Limited	₹908.25	-90.2%	5,70,505	31.7	5.52	17.4%	3.10	+6.4%
AXISBANK Axis Bank Limited	₹1,359.1	+11.1%	4,21,100	16.1	2.03	13.6%	—	+5.7%
KOTAKBANK Kotak Mahindra Bank Limited	₹383.6	-82.9%	3,77,170	20.1	2.24	11.2%	—	+24.2%
BAJAJFINSV Bajaj Finserv Limited	₹1,838.9	-12.6%	2,92,438	30.5	3.81	12.5%	2.38	+24.8%
SHRIRAMFIN Shriram Finance Limited	₹1,036.95	+47.5%	2,45,891	21.5	3.24	15.1%	2.79	+21.4%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	14.43	14.61	+1.3%
-2q	12.68	13.56	+6.9%
-3q	11.54	12.80	+10.9%
-4q	10.55	11.99	+13.6%

Date	Amount
2025-05-14	₹7.67
2024-06-14	₹5.00
2023-08-04	₹4.00
2022-06-23	₹4.50
2021-08-05	₹2.33
2020-07-22	₹1.89
2019-06-27	₹2.78
2018-12-11	₹0.56
2018-07-25	₹3.44
2018-02-15	₹0.56
2017-08-24	₹2.56
2017-02-22	₹0.56

Date	Ratio
2025-05-23	3:1
2022-03-21	3:1

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	27	27	27	27
Reserves	1,407	1,436	2,049	3,176
Borrowings	0	0	0	3
Other liabilities	0	0	0	0
Total liabilities	6,185	5,994	9,450	10,342
Fixed assets	100	155	210	263
CWIP	2	0	11	41
Investments	110	609	1,065	772
Other assets	4	4	3	2
Total assets	6,185	5,994	9,450	10,342

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	1,442	-137	2,643	414
CF Investing	-980	-111	-871	-758
CF Financing	9	-186	-149	-206
Net cash flow	471	-434	1,623	-550
Free cash flow	1,410	-281	2,513	261

BSEBSE Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Financial Services

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Stock scorecard

SWOT analysis

Recent news

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Financial Services