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Indian (NIFTY) Financial Exchanges and Data Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies8
  • 7D-1.8%
  • 3M14.6%
  • 1Y21.7%
  • YTDn/a

Over the last 7 days, the Financial Exchanges and Data industry has dropped 1.8%, driven by BSE declining 5.4%. Over the past 12 months, the industry was up 22%. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the Indian Financial Exchanges and Data Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025₹2.2t₹105.8b₹40.4b37.6x54.7x20.9x
Thu, 13 Nov 2025₹2.2t₹102.3b₹38.2b38.8x57.7x21.5x
Sat, 11 Oct 2025₹2.0t₹100.3b₹37.2b40.5x53.8x20x
Mon, 08 Sep 2025₹2.0t₹100.3b₹37.2b42.2x52.4x19.5x
Wed, 06 Aug 2025₹2.0t₹96.4b₹34.5b44.7x58x20.8x
Fri, 04 Jul 2025₹2.4t₹94.5b₹33.1b51.7x71.6x25x
Sun, 01 Jun 2025₹2.1t₹94.8b₹33.1b47.9x64.3x22.4x
Tue, 29 Apr 2025₹1.8t₹88.2b₹28.4b44.5x64.1x20.6x
Thu, 27 Mar 2025₹1.5t₹87.9b₹28.2b41.5x51.8x16.6x
Sat, 22 Feb 2025₹1.7t₹87.9b₹28.2b43.2x59.1x18.9x
Mon, 20 Jan 2025₹1.8t₹82.4b₹25.0b61x72.1x21.9x
Wed, 18 Dec 2024₹1.8t₹82.4b₹25.0b63.2x73.4x22.3x
Fri, 15 Nov 2024₹1.6t₹82.3b₹25.0b56.7x62.5x19x
Sun, 13 Oct 2024₹1.6t₹75.1b₹20.5b77.9x77.2x21.1x
Tue, 10 Sep 2024₹1.3t₹75.1b₹20.5b58.1x62.4x17x
Thu, 08 Aug 2024₹1.1t₹70.9b₹22.3b47.6x50.6x15.9x
Sat, 06 Jul 2024₹1.1t₹69.4b₹21.2b47.4x52.2x16x
Mon, 03 Jun 2024₹1.1t₹69.4b₹21.2b46.5x50.9x15.6x
Wed, 01 May 2024₹1.1t₹66.0b₹21.1b40.6x54.3x17.3x
Fri, 29 Mar 2024₹1.1t₹65.3b₹20.3b36.7x54x16.8x
Sun, 25 Feb 2024₹1.1t₹65.3b₹20.3b40.4x53.6x16.7x
Tue, 23 Jan 2024₹985.3b₹61.5b₹19.6b38.6x50.4x16x
Thu, 21 Dec 2023₹1.0t₹61.5b₹19.6b39x51.3x16.3x
Sat, 18 Nov 2023₹994.0b₹61.5b₹19.6b37.4x50.8x16.2x
Mon, 16 Oct 2023₹802.6b₹58.9b₹19.4b35x41.5x13.6x
Wed, 13 Sep 2023₹750.3b₹58.9b₹19.4b35.3x38.8x12.7x
Fri, 11 Aug 2023₹685.5b₹58.9b₹19.3b35x35.5x11.6x
Sun, 09 Jul 2023₹651.1b₹56.4b₹15.2b38.7x43x11.5x
Tue, 06 Jun 2023₹643.4b₹56.4b₹15.2b35.4x42.5x11.4x
Thu, 04 May 2023₹616.8b₹55.4b₹15.1b37.5x41x11.1x
Sat, 01 Apr 2023₹553.1b₹54.2b₹14.8b34.9x37.3x10.2x
Mon, 27 Feb 2023₹562.6b₹53.0b₹14.9b35.8x37.7x10.6x
Wed, 25 Jan 2023₹566.6b₹51.9b₹14.8b36.2x38.2x10.9x
Fri, 23 Dec 2022₹549.9b₹52.0b₹14.9b35.1x37x10.6x
Price to Earnings Ratio

37x


Total Market Cap: ₹549.9bTotal Earnings: ₹14.9bTotal Revenue: ₹52.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Financial Exchanges and Data Industry Price to Earnings3Y Average 52.7x202320242025
Current Industry PE
  • Investors are relatively neutral on the Indian Financial Exchanges and Data industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 52.6x.
  • The 3-year average PS ratio of 16.6x is lower than the industry's current PS ratio of 20.9x.
Past Earnings Growth
  • The earnings for companies in the Financial Exchanges and Data industry have grown 40% per year over the last three years.
  • Revenues for these companies have grown 27% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Financial Exchanges and Data compare with similar industries?

IN Market-0.34%
Financials-0.60%
Capital Markets-0.079%
Financial Exchanges and Data-1.80%
Asset Management1.52%
Investment Banking and Brokerage-1.39%
Diversified Capital Markets-2.31%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CRISIL CRISIL₹4.46k2.7%
+₹8.5b		-23.0%PE43.5x
ICRA ICRA₹6.04k0.8%
+₹452.2m		-8.2%PE30.9x
IEX Indian Energy Exchange₹142.320.3%
+₹364.6m		-25.0%PE27x
MCX Multi Commodity Exchange of India₹10.19k0.03%
+₹153.0m		51.9%PE74.6x
512018 Tomorrow Technologies Global Innovations₹9.512.4%
+₹25.3m		-42.7%PS281.4x

Latest News

IEX
₹142.32
Indian Energy Exchange
7D
0.3%
1Y
-25.0%

IEX: Power Market Modernization Will Drive Volumes Amid Regulatory And Rate Risks

Analysts have slightly trimmed their price target on Indian Energy Exchange, citing a modest uptick in the assumed discount rate and valuation multiple, even as fair value remains steady around ₹149.50 and long term profitability expectations are largely unchanged. Analyst Commentary Recent research updates indicate that, while headline target prices for comparable industrial and infrastructure names have seen modest reductions, sentiment around Indian Energy Exchange remains broadly constructive, with the stock still viewed as a structural beneficiary of power market modernization in India.
MCX
₹10,186.00
Multi Commodity Exchange of India
7D
0.03%
1Y
51.9%

MCX: New Contracts And Index Inclusion Will Be Balanced Against Margin Resilience

Analysts have inched up their price target for Multi Commodity Exchange of India by 0.3 percent to ₹10,110.67 per share, citing slightly higher required returns and a marginally richer future earnings multiple, while maintaining robust growth and profitability assumptions. What's in the News MCX will launch monthly options contracts on the MCX iCOMDEX Bullion Index (MCX BULLDEX) from October 27, 2025, offering a new hedging and investment tool linked to gold and silver futures (Key Developments).
BSE
₹2,648.90
BSE
7D
-5.4%
1Y
40.3%

BSE: Future Outlook Will Remain Steady Amid Minor Assumption Revisions

Analysts have slightly increased their price target for BSE to approximately $2,684 from about $2,679, citing modestly stronger long term revenue growth expectations, which more than offset a marginal uptick in the assumed discount rate. What's in the News BSE has scheduled a board meeting for November 11, 2025, at 14:00 IST to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, in compliance with SEBI LODR Regulation 33, along with the statutory auditor's limited review report (Key Developments).
CRISIL
₹4,461.30
CRISIL
7D
2.7%
1Y
-23.0%

CRISIL: Stable Margins And Dividend Policy Will Support Further Upside

Analysts have maintained their fair value estimate for CRISIL at ₹5,056.50, reflecting confidence that modestly higher discount rates and stable long term growth and margin assumptions continue to justify the current price target. What's in the News The board has approved a third interim dividend of INR 16 per equity share for the financial year ending December 31, 2025, with payment scheduled for November 6, 2025 (company filing).
CARERATING
₹1,527.70
CARE Ratings
7D
-1.5%
1Y
8.3%
512018
₹9.51
Tomorrow Technologies Global Innovations
7D
2.4%
1Y
-42.7%
TRACXN
₹40.75
Tracxn Technologies
7D
0.05%
1Y
-50.0%
ICRA
₹6,042.50
ICRA
7D
0.8%
1Y
-8.2%

The ICRA Limited (NSE:ICRA) Second-Quarter Results Are Out And Analysts Have Published New Forecasts

Nov 02
The ICRA Limited (NSE:ICRA) Second-Quarter Results Are Out And Analysts Have Published New Forecasts