BSE share price & results

BSE Limited· Financial Services

Results to: Sept 2026
Latest analysed call: Q1 FY27
Ownership as of: Sept 2026

Operator of India's BSE stock exchange — equities, derivatives, IPO listings, clearing and the SENSEX index

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Guidance Hit Rate

11 targets · 29% hit rate 2 achieved · 4 active →

Segment Shift

Sector & Mix Compare sector growth & peers →

Reverse DCF

Implied Growth Test priced-in growth in DCF tool →

Concall & Tone

Q1 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹3,790 +5.23% · +₹188.5

Last close 5 Nov 2026 · NSE · INR · Source: Inve

Performance +51.8% 1Y

1Y: ₹2,496.6 on 4 Nov 2025 → ₹3,790. High ₹4,403.3 (26 May 2026), low ₹2,455.5 (6 Nov 2025).

Previous close: ₹3,601.5
Market cap: ₹1.5L Cr
52-week range: ₹2,455.5 – ₹4,403.3
One year: +51.81%
Price to earnings (TTM to Sept 2026): 50.14×
Return on equity (TTM to Sept 2026): 38.77%

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	38.0 ₹ crore	−20.8% YoY	Quarterly, as filed	Quarter to Sept 2026	Revenue from operations as filed.
Operating margin	68.0 %	+6.0 pts YoY	Operating profit / revenue	Quarter to Sept 2026	For the quarter; a change is in percentage points.
Net profit	773 ₹ crore	+50.4% YoY	Quarterly, as filed	Quarter to Sept 2026	Profit after tax as filed.
Return on equity	38.77 %	+10.0 ptsFY Mar 2026 vs FY Mar 2025	Trailing twelve months	TTM to Sept 2026	Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin	50.55 %	+42.4 ptsFY Mar 2026 vs FY Mar 2025	Fiscal year	FY ending Mar 2026	(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)	59.49 %	−45.3 ptsFY Mar 2026 vs FY Mar 2025	Trailing twelve months	TTM to Sept 2026	Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

2 of 7 judged targets kept · 4 open · verdicts reflect calls analysed to Q1 FY27.

Target	Original wording	Said	Latest call	Verdict
Growth Co-location Racks	Providing extra colo space to clear big waiting list Call transcript, Q3 FY25 · 6 Feb 2025	Q3 FY25	Q1 FY27:Confirmed having 500 racks, which are expected to be sufficient for the next 1.5 years, addressing the capacity need. Call transcript, Q1 FY27 · 4 Aug 2026	Achieved
Growth Bankex Derivatives Volume	Rebuild monthly contract of Bankex after 95% volume drop Call transcript, Q3 FY25 · 6 Feb 2025	Q3 FY25	Q1 FY27:No specific update on Bankex; focus remains on overall index derivatives and new launches. Call transcript, Q1 FY27 · 4 Aug 2026	Ghosted
Growth Total Broker Members	Reach at least 700 broker members Call transcript, Q4 FY26 · 7 May 2026	Q4 FY26	Q1 FY27:Stated that 'more than 610 members regularly participate'. Progressing towards the 700 target. Call transcript, Q1 FY27 · 4 Aug 2026	On Track

Source: Inve Guidance Tracker for BSE Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of BSE Limited's 11 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

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See the full record

Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Products, transactions and disclosed impact

Company disclosures with supporting evidence. Actual results, management expectations, and summary paraphrases remain qualified by source basis.

Divestiture Stage: Signed Call date: 2025-05-06
1. Proposed
2. Announced
3. Active
4. Completed / ended
Named counterparties & directional relationship

BSE Limited → divests to → FinX

Party roles: Seller of target / Buyer · Signed · Definitive agreement

Counterparty named; listed-company identity not verified.

BSE Limited → divests interest in → BSE Institute

Party roles: Seller of target / Transaction asset · Signed · Definitive agreement

Counterparty named; listed-company identity not verified.

Products, services & business exposure Mentioned in this disclosure

100% stake in BSE Institute · role: Transaction asset · category: Business asset / Equity interest

Disclosed financial & operational figures

100% stake in BSE Institute: Rs. 16.9 crores · Transaction consideration · Event
BSE Institute: 100% · Stake transferred · Entity

Additional disclosure context

Rationale: BSE states the sale is part of its strategic vision to concentrate on its core operations
Instrument: Share purchase agreement signed by BSE for the sale
Consideration form: cash (structured consideration form field; currency INR, unit crores, amount 16.9)
Evidence and remaining questions (Contextual assertion review)
Call date: 2025-05-06 · Review status: Contextual assertion review · Policy: context-loop-v3

Summary paraphrase
BSE signed a share purchase agreement to sell its 100% stake in BSE Institute for a consideration of Rs. 16.9 crores to FinX.
Summary paraphrase
BSE signed a share purchase agreement to sell its 100% stake in BSE Institute for a consideration of Rs. 16.9 crores to FinX.

Summary paraphrase
100% stake in BSE Institute: its 100% stake in BSE Institute

Summary paraphrase
Rs. 16.9 crores: a consideration of Rs. 16.9 crores
Summary paraphrase
100%: 100% stake in BSE Institute

Summary paraphrase
As part of our strategic vision to concentrate on our core operations
Summary paraphrase
BSE signed a share purchase agreement to sell
Summary paraphrase
cash

Not established by the available evidence
- FinX: FinX is named as the buyer but its legal type, ownership and relationship to BSE are not stated; object kind left UNDETERMINED.
- signing date and completion/closing: No signing date, expected closing date or completion status is given; 'signed' is the only stage evidence, so closing is not established.
- binding_state: A signed share purchase agreement is treated as a definitive transaction agreement; the source does not use the word definitive and states no closing conditions or approvals.
- transaction location: No location of BSE Institute or of the transaction is stated in the record.
- financial impact: No financial impact note, gain/loss on disposal or target financials are provided (target_financials and financial_impact_note are null); the consideration amount is not treated as an impact.
- transcript context: No transcript passages supplied; all assertions rest on the summary record only.
- payment timing and mechanics: Payment schedule and any adjustments or conditions to the Rs. 16.9 crores consideration are not stated.

Relationship Lifecycle

Counterparties named by BSE Limited

BSE Limited → acquires or invests in → Asia Index Pvt. Ltd. (AIPL).

Q4 FY25 · Closed / completed · Positive · Counterparty named; listed-company identity not verified.
1. Proposed
2. Announced
3. Active
4. Completed / ended
strategic initiatives from acquisition of S&P Dow Jones 50% stake in AIPL

“We also hit the ground running in FY 2025 in terms of strategic initiatives from acquisition of S&P Dow Jones 50% stake in AIPL”

Disclosure indicates an acquisition or investment without specifying full buyout versus minority stake.

Evidence drawer

Evidence type: Transcript excerpt

“We also hit the ground running in FY 2025 in terms of strategic initiatives from acquisition of S&P Dow Jones 50% stake in AIPL”

Source company: BSE Limited · Counterparty: Asia Index Pvt. Ltd. (AIPL) · Call date: 2025-05-06 · Period: Q4 FY25 · Review status: Structured call extraction
BSE Limited → divests to → BSE Institute.

Q4 FY25 · Announced · Neutral · Counterparty named; listed-company identity not verified.
1. Proposed
2. Announced
3. Active
4. Completed / ended
As part of our strategic vision to concentrate on our core operations

Disclosed value: INR 16.9 crores

“As part of our strategic vision to concentrate on our core operations, BSE signed a share purchase agreement to sell its 100% stake in BSE Institute for a consideration of Rs. 16.9 crores to FinX.”

Evidence drawer

Evidence type: Transcript excerpt

“As part of our strategic vision to concentrate on our core operations, BSE signed a share purchase agreement to sell its 100% stake in BSE Institute for a consideration of Rs. 16.9 crores to FinX.”

Source company: BSE Limited · Counterparty: BSE Institute · Call date: 2025-05-06 · Period: Q4 FY25 · Review status: Structured call extraction

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with BSE Limited. Each comparison matches a headwind disclosed by BSE Limited in the same calendar reporting quarter.

The STT hike and RBI circular have impacted overall market futures and options volumes, and…

Topic: Regulatory compliance · Regulatory policy · Q1 FY27

BSE Limited reported: The STT hike and RBI circular have impacted overall market futures and options volumes, and the full effect of the RBI circular (especially on bank guarantees) is still unfolding, making it difficult to assess the long-term impact on BSE.

Reporting period ended 2026-06-30

37 other companies · Regulatory policy

State Bank of India (SBIN) reported (period ended 2026-06-30): Forex revenues dropped to ₹500 crore due to war-related volatility and new RBI guidelines limiting net open position to $100 million.
Tata Capital Limited (TATACAP) reported (period ended 2026-06-30): Revised RBI guidelines on gold loans, but management states they are compliant and have planned products accordingly, leading to a more organized market.
Muthoot Finance Limited (MUTHOOTFIN) reported (period ended 2026-06-30): New regulatory guidelines (75%, 80%, 85% LTV across life of loans) require staff and customer re-training for new products and payment frequencies.
Aditya Birla Capital Limited (ABCAPITAL) reported (period ended 2026-06-30): Potential regulatory changes on credit life products could impact fee income, but management believes it would be an industry-level issue and they would seek to mitigate.

Evidence drawer

Evidence type: Summary paraphrase

The STT hike and RBI circular have impacted overall market futures and options volumes, and the full effect of the RBI circular (especially on bank guarantees) is still unfolding, making it difficult to assess the long-term impact on BSE.

Source company: BSE Limited · Reporting period ended 2026-06-30 · Calendar quarter: Q1 FY27 · Distinct companies matched: 37

Similar commentary provides sector context; it does not establish a business relationship.
Mainboard IPO activity moderated in H1 FY27 due to global macroeconomic factors, though…

Topic: Demand conditions · Demand end market · Q1 FY27

BSE Limited reported: Mainboard IPO activity moderated in H1 FY27 due to global macroeconomic factors, though signs of recovery were noted in July 2026.

Reporting period ended 2026-06-30

10 other companies · Demand end market

ICICI Bank (ICICIBANK) reported (period ended 2026-06-30): Analyst raised concerns about accelerating business banking growth given the energy shock and El Niño, but management stated they are monitoring closely and comfortable with the portfolio.
Cholamandalam Investment and Finance Company Limited (CHOLAFIN) reported (period ended 2026-06-30): Potential impact on asset quality in Q3/Q4, though not currently visible.
Tata Capital Limited (TATACAP) reported (period ended 2026-06-30): Macroeconomic uncertainties and elevated fuel costs have impacted the Motor Finance business, leading to a moderated book, but a reversal is expected.
Poonawalla Fincorp Limited (POONAWALLA) reported (period ended 2026-06-30): Management acknowledges the need to be watchful of macro indicators and the impact of different economic cycles on various product segments, but expresses confidence in their diversified portfolio to smooth out cyclical risks.

Evidence drawer

Evidence type: Summary paraphrase

Mainboard IPO activity moderated in H1 FY27 due to global macroeconomic factors, though signs of recovery were noted in July 2026.

Source company: BSE Limited · Reporting period ended 2026-06-30 · Calendar quarter: Q1 FY27 · Distinct companies matched: 10

Similar commentary provides sector context; it does not establish a business relationship.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

BSE ₹3,790 +5.23%

Guidance Verdict (11 tracked) 2 kept · 4 open· 5 missed

AI Call Brief · Q1 FY27

BSE Limited Q1 FY27

Overview

Symbol: NSE:BSE
Sector: Financial Services
Exchange: NSE
Currency: INR

What BSE Limited does

Based on the company's own presentations, annual report and earnings calls.

BSE Limited operates a securities exchange in India, providing trading across equity cash, equity/currency/commodity derivatives, debt, and the SME & startup platform. It earns primarily from transaction charges on trades, listing fees from companies and securities on its platform, and distribution income from its BSE StAR MF mutual-fund platform, alongside data-feed, co-location, index licensing and treasury income. Clearing and settlement run through its wholly-owned subsidiary Indian Clearing Corporation Limited (ICCL, established 2007), and index products including the SENSEX are managed by subsidiary BSE Index Services.

Segments

Trading & Clearing
Services to Corporates (Listing)
Distribution
Other Services

Global rank for IPO listings (FY26): No.1 in the world
Market cap of BSE-listed companies: USD 4.5 trillion
Registered investors: 248 million+
New company listings (FY26, main board + SME): 255
Registered trading members: 1,273
BSE StAR MF distributor network: 83,280 distributors

Founded 1875Headquarters P J Towers, Dalal Street, Mumbai, India Company website

How the price took the results

Moved an average of ±2.0% across the last 4 priced result releases

Close before → close after

Quarter	Release	Revenue (₹ Cr)	Net profit (₹ Cr)	Rev YoY	Before → After	Reaction
Q1 FY27	4 Aug 26	69	801	+15.0%	₹3,575 → ₹3,618	+1.2%
Q4 FY26	7 May 26	92	799	+55.9%	₹3,852.1 → ₹3,963.6	+2.9%
Q3 FY26	9 Feb 26	68	552	−40.9%	₹2,897 → ₹2,985.1	+3.0%
Q2 FY26	11 Nov 25	48	514	—	₹2,625.3 → ₹2,644.2	+0.7%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

Guidance

What management said, and what became of it

2 of 7 judged targets kept · 4 open · verdicts reflect calls analysed to Q1 FY27.

Target	Original wording	Said	Latest call	Verdict
Growth Co-location Racks	Providing extra colo space to clear big waiting list Call transcript, Q3 FY25 · 6 Feb 2025	Q3 FY25	Q1 FY27:Confirmed having 500 racks, which are expected to be sufficient for the next 1.5 years, addressing the capacity need. Call transcript, Q1 FY27 · 4 Aug 2026	Achieved
Growth Bankex Derivatives Volume	Rebuild monthly contract of Bankex after 95% volume drop Call transcript, Q3 FY25 · 6 Feb 2025	Q3 FY25	Q1 FY27:No specific update on Bankex; focus remains on overall index derivatives and new launches. Call transcript, Q1 FY27 · 4 Aug 2026	Ghosted
Growth Total Broker Members	Reach at least 700 broker members Call transcript, Q4 FY26 · 7 May 2026	Q4 FY26	Q1 FY27:Stated that 'more than 610 members regularly participate'. Progressing towards the 700 target. Call transcript, Q1 FY27 · 4 Aug 2026	On Track

Source: Inve Guidance Tracker for BSE Limited · to Q1 FY27

The full ledger

Open BSE Limited’s full ledger

A free account opens 5 company ledgers a month. All 11 tracked commitments, with each call’s wording and source.

Browse the register

Latest analysed call: Q1 FY27, 4 Aug 2026. 7 calls analysed.

No analysed call after Q1 FY27, though results run to Sept 2026.

Call summaries

Q1 FY27 — 4 Aug 2026

BSE Limited Q1 FY27

BSE Limited reported a strong Q1 FY27, achieving record consolidated revenues of ₹1,707 crores and a 62% YoY increase in net profit to ₹873 crores. This performance was driven by robust growth in operational revenues (up 63% YoY) and significant expansion in both equity cash and derivatives trading volumes. While facing headwinds from global macroeconomic factors and regulatory changes like the RBI circular and STT hike, the company continues to expand its investor base, grow its SME platform, and diversify its product offerings.

Read the full call

Q4 FY26 — 7 May 2026

BSE Q4 FY26

BSE reported a landmark FY26, achieving record revenues of Rs. 5,148 crores, driven by robust growth in transaction charges and derivatives. Profitability significantly improved with EBITDA and net profit more than doubling and growing 88% respectively. The company demonstrated strong performance across its platforms, including IPO listings, investor account additions, and STAR MF, while also outlining strategic investments in technology and future growth areas.

Read the full call

Q3 FY26 — 9 Feb 2026

BSE Limited Q3 FY26 Earnings Conference Call

BSE delivered exceptional Q3 FY26 performance with record revenues and profitability driven by strong domestic institutional investor participation amid foreign portfolio investor outflows. The company's strategic focus on market deepening, technology infrastructure, and product innovation continues to drive sustainable growth across all business segments.

Read the full call

Summaries of each call, in Inve’s own words; the transcript is not reproduced. Not investment advice.

Every analysed call

BSE Limited earnings calls (BSE)

Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).

Trailing twelve months
50.73% TTM to Sept 2026
Fiscal year
59.98% FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
8.48% 14.70% 11.89% 22.79% 46.60% 59.98%

How it is calculated. Adjusted EBIT ÷ average capital employed, including minority equity and deposits.
Trailing twelve months
38.77% TTM to Sept 2026
Fiscal year
46.05% FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
7.42% 10.89% 8.25% 17.82% 36.03% 46.05%

How it is calculated. Adjusted profit attributable to owners ÷ average owners’ equity.
Trailing twelve months
21.01% TTM to Sept 2026
Fiscal year
21.40% FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3.95% 5.03% 3.38% 6.84% 14.03% 21.40%

How it is calculated. Total profit excluding exceptional items after tax ÷ average total assets.
Trailing twelve months
65.30% TTM to Sept 2026
Fiscal year
67.92% FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
32.06% 41.85% 34.16% 45.34% 58.41% 67.92%

How it is calculated. Operating profit ÷ revenue.
Trailing twelve months
52.92% TTM to Sept 2026
Fiscal year
49.67% FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
28.57% 32.34% 22.27% 33.67% 43.21% 49.67%

How it is calculated. Total profit excluding exceptional items after tax ÷ revenue.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-16.83% — -30.27% — 8.16% 50.55%

How it is calculated. (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-47.89% — -66.50% 342.36% 31.32% 124.81%

How it is calculated. Operating cash flow ÷ reported total net profit.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
6.03% 3.80% 15.46% 8.35% 4.76% 10.05%

How it is calculated. Fixed-asset purchases ÷ revenue.
Trailing twelve months
59.49% TTM to Sept 2026
Fiscal year
59.53% FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3.45% 33.49% 9.99% 69.51% 104.85% 59.53%

How it is calculated. Revenue change against the same period one year earlier.
Trailing twelve months
71.47% TTM to Sept 2026
Fiscal year
83.55% FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
61.95% 53.55% -21.35% 142.08% 160.19% 83.55%

How it is calculated. Adjusted profit attributable to owners vs the same period one year earlier.
Trailing twelve months
87.26% TTM to Sept 2026
Fiscal year
85.50% FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
59.06% 74.26% -10.23% 125.00% 163.85% 85.50%

How it is calculated. Operating profit vs the same period one year earlier.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.00× 0.00× 0.00× 0.00× 0.00× 0.00×

How it is calculated. Borrowings ÷ owners’ equity.
Trailing twelve months
— TTM to Sept 2026
Fiscal year
100.29× FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
21.10× 13.96× 9.03× 18.36× 58.47× 100.29×

How it is calculated. Adjusted EBIT ÷ interest expense.
Trailing twelve months
0.40× TTM to Sept 2026
Fiscal year
0.43× FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.14× 0.16× 0.15× 0.20× 0.32× 0.43×

How it is calculated. Revenue ÷ average total assets.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
₹-1,927.00 Cr ₹-3,512.00 Cr ₹-3,050.00 Cr ₹-4,463.00 Cr ₹-5,184.00 Cr ₹-5,173.00 Cr

How it is calculated. Borrowings less cash equivalents.
Trailing twelve months
-1.30× TTM to Sept 2026
Fiscal year
-1.45× FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-7.16× -8.00× -7.74× -5.50× -2.61× -1.45×

How it is calculated. (Borrowings − cash equivalents) ÷ adjusted EBITDA.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1.82× 2.04× 2.25× 2.34× 2.24× 1.78×

How it is calculated. Average total assets ÷ closing owners’ equity.
Trailing twelve months
50.14× TTM to Sept 2026
Fiscal year
60.50× FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — — — — —

How it is calculated. Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — — — — —

How it is calculated. Market cap ÷ owners’ equity from the balance sheet selected for the TTM inputs. Uses current market cap, not the share price at the period end.
Trailing twelve months
34.80× TTM to Sept 2026
Fiscal year
41.86× FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — — — — —

How it is calculated. (Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.
Trailing twelve months
2.75% TTM to Sept 2026
Fiscal year
2.28% FY ending Mar 2026

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — — — — —

How it is calculated. Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
51.00 days 28.00 days 36.00 days 49.00 days 33.00 days 39.00 days

How it is calculated. Reported receivable days from the annual accounts.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
51.00 days 28.00 days 36.00 days 49.00 days 33.00 days 39.00 days

How it is calculated. Reported debtor days plus inventory days less payable days.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — — — -452.00 days -333.00 days

How it is calculated. Reported net working capital days from the annual accounts.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
65.00% 72.00% 74.00% 26.00% 23.00% 16.00%

How it is calculated. Reported dividend payout as a percentage of annual profit.
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
— — — — — —

How it is calculated. Market capitalisation from the current stock record.

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
8.48%	14.70%	11.89%	22.79%	46.60%	59.98%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
7.42%	10.89%	8.25%	17.82%	36.03%	46.05%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
3.95%	5.03%	3.38%	6.84%	14.03%	21.40%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
32.06%	41.85%	34.16%	45.34%	58.41%	67.92%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
28.57%	32.34%	22.27%	33.67%	43.21%	49.67%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
-16.83%	—	-30.27%	—	8.16%	50.55%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
-47.89%	—	-66.50%	342.36%	31.32%	124.81%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
6.03%	3.80%	15.46%	8.35%	4.76%	10.05%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
3.45%	33.49%	9.99%	69.51%	104.85%	59.53%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
61.95%	53.55%	-21.35%	142.08%	160.19%	83.55%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
59.06%	74.26%	-10.23%	125.00%	163.85%	85.50%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.00×	0.00×	0.00×	0.00×	0.00×	0.00×

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
21.10×	13.96×	9.03×	18.36×	58.47×	100.29×

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.14×	0.16×	0.15×	0.20×	0.32×	0.43×

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
₹-1,927.00 Cr	₹-3,512.00 Cr	₹-3,050.00 Cr	₹-4,463.00 Cr	₹-5,184.00 Cr	₹-5,173.00 Cr

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
-7.16×	-8.00×	-7.74×	-5.50×	-2.61×	-1.45×

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
1.82×	2.04×	2.25×	2.34×	2.24×	1.78×

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	—	—	—	—

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	—	—	—	—

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	—	—	—	—

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	—	—	—	—

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
51.00 days	28.00 days	36.00 days	49.00 days	33.00 days	39.00 days

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
51.00 days	28.00 days	36.00 days	49.00 days	33.00 days	39.00 days

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	—	—	-452.00 days	-333.00 days

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
65.00%	72.00%	74.00%	26.00%	23.00%	16.00%

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
—	—	—	—	—	—

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside the supported range. FY uses the reported fiscal period; TTM the latest twelve months; valuations use the current market cap with the chosen earnings period. Screen Indian stocks on these ratios →

Financials

What the filings say

Net profit, year on year: +50% (quarter to sept 2026 against sept 2025).

Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026	Sept 2026
115	59	60	48	68	92	69	38
367	323	316	371	455	487	492	434
322	440	557	604	698	981	982	915
47.0%	58.0%	64.0%	62.0%	61.0%	67.0%	67.0%	68.0%
51	104	91	99	77	115	127	145
0	0	0	0	0	0	0	0
24	24	22	27	39	47	36	39
349	520	626	676	736	1,049	1,073	1,021
25.0%	24.0%	25.0%	24.0%	25.0%	24.0%	25.0%	24.0%
260	397	468	514	552	799	801	773
6.41	9.78	11.53	12.67	13.60	19.59	19.64	18.96

Source: Inve data · income statement, quarterly · to Sept 2026

Sales 3Y CAGR −33.8%

Operating profit 3Y CAGR +109.9%

Net profit 3Y CAGR +124.6%

Mar 2023	Mar 2024	Mar 2025	Mar 2026
925	308	505	268
618	803	1,348	1,629
307	455	1,309	2,840
79	539	257	382
27	0	0	0
60	76	90	135
298	919	1,476	3,087
206	753	1,112	2,333

Source: Inve data · income statement, annual · to Mar 2026

Mar 2023	Mar 2024	Mar 2025	Sept 2025	Mar 2026	Sept 2026
27	27	27	81	82	82
2,242	2,817	3,721	5,129	5,685	6,848
0	0	0	0	0	0
836	1,390	1,216	5,928	1,756	2,455
3,105	4,234	4,964	11,138	7,522	9,385
164	195	206	416	527	602
2	14	54	214	72	69
1,573	2,423	2,665	3,827	3,772	5,050
1,366	1,603	2,038	6,682	3,151	3,664
3,105	4,234	4,964	11,138	7,522	9,385

Source: Inve data · balance sheet · to Sept 2026

Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
38	27	24	35	27	38
38	27	24	35	27	38
-459	-410	-385	-357	-86	-85
6.0%	12.0%	10.0%	16.0%	47.0%	66.0%
97.0%	94.0%	97.0%	27.0%	28.0%	17.0%

Source: Inve data · annual ratios · to Mar 2026

Ownership

Who owns it

Public hold 56.70% as of Sept 2026; institutions cut 2.48 pts since Jun 2026.

Foreign institutions −4.22 pts 17.10%
Domestic institutions +1.74 pts 25.89%
Government +0.23 pts 0.32%
Public +2.25 pts 56.70%
Others 0.00 pts 0.00%

11,63,667 shareholders on the register.

Source: Exchange shareholding filings · to Sept 2026 · 8 filings held

Who was buying across the market this quarter

Who bought this quarter

since Jun 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

Mutual fund newly disclosed 2.70% held
Mutual fund newly disclosed 2.56% held
Mutual fund newly disclosed 1.84% held
Mutual fund newly disclosed 1.53% held
newly disclosed 1.25% held
Mutual fund newly disclosed 1.21% held
Mutual fund newly disclosed 1.01% held
Mutual fund newly disclosed 1.01% held

The same filing shows 2 holders trimming and 8 off the list — both are in the register beside this.

Who is on the register

Named in the Sep 2026 filing

Every holder of BSE Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.

Holder	Stake	Change
Insurer	4.51%	−1.06 pp
Mutual fund	2.70%	newly disclosed
Mutual fund	2.56%	newly disclosed
Mutual fund	1.84%	newly disclosed
	1.64%	−0.06 pp
Mutual fund	1.53%	newly disclosed
Insurer	1.38%	unchanged
	1.25%	newly disclosed
Mutual fund	1.21%	newly disclosed
	1.17%	unchanged
Mutual fund	1.01%	newly disclosed
Mutual fund	1.01%	newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in BSE

Filings to Sep 2026

12 new, 8 added, 5 trimmed, 5 sold out — net +107.11 L shares (+107.0%).

Held by funds: ₹6.4k Cr; 29 schemes
Biggest holder: SBI Nifty 50 ETF; ₹2.5k Cr · 1.2% of that fund

Scheme	Holding	Last month	Held since
SBI Nifty 50 ETF SBI Mutual Fund	₹2.5k Cr	new	Sep '26
Nippon India Growth Mid Cap Fund Nippon India Mutual Fund	₹1.2k Cr	held	Aug '23
Nippon India ETF Nifty 50 BeES Nippon India Mutual Fund	₹787 Cr	new	Sep '26
HDFC Flexi Cap Fund HDFC Mutual Fund	₹711 Cr	+7.30 L	Feb '26
SBI MultiCap Fund SBI Mutual Fund	₹247 Cr	held	Aug '26
SBI Nifty Index Fund SBI Mutual Fund	₹160 Cr	new	Sep '26
Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund	₹155 Cr	held	Jan '24
SBI ELSS Tax Saver Fund SBI Mutual Fund	₹124 Cr	new	Sep '26

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Sep 2026

8 added, 5 trimmed — net +1.07 cr shares (+107.0%)

Funds are sitting on: +28%; vs est. average cost
Held by funds: ₹6.4k Cr; 29 schemes · ≈ 5.1% of the company
Biggest holder: SBI Nifty 50 ETF; ₹2.5k Cr · 1.2% of that fund
Longest holder: Nippon India Growth Mid Cap Fund; 3y 2m · since Aug '23

Shares held by these funds +1602%

Oct '23 2.07 cr shares Sep '26

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Quick Answers

Frequently asked questions on BSE Limited

Compiled directly from BSE's filed financial statements, earnings call transcripts, and ownership disclosures.

How did BSE Limited (BSE) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, BSE Limited reported revenue of ₹38 Cr, net profit of ₹773 Cr, an operating margin of 68.0%. Diluted earnings per share stood at ₹18.96.

How is BSE Limited (BSE) valued today, and what growth does the stock price imply?

BSE Limited (BSE) trades at ₹3,790, with a market capitalization of ₹154.6k Cr.

Who owns BSE Limited (BSE) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, FIIs hold 17.1%, DIIs hold 25.9%, Public shareholders hold 56.7%.

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