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Indian (NIFTY) Financial Exchanges and Data Industry Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies8
  • 7D2.7%
  • 3M12.6%
  • 1Y35.7%
  • YTDn/a

Over the last 7 days, the Financial Exchanges and Data industry has risen 2.7%, driven by gains from BSE of 3.3%. Meanwhile, Indian Energy Exchange actually underperformed within the industry, shrinking 10.0% in the last week. This means that the industry has gained 36% over the past year. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026₹2.3t₹105.8b₹40.4b39.4x57.9x22.1x
Fri, 12 Dec 2025₹2.2t₹105.8b₹40.4b37x53.9x20.6x
Sun, 09 Nov 2025₹2.2t₹102.3b₹38.1b40.1x56.9x21.2x
Tue, 07 Oct 2025₹1.9t₹100.3b₹37.2b40.1x51.2x19x
Thu, 04 Sep 2025₹1.9t₹100.3b₹37.2b42.7x51.5x19.1x
Sat, 02 Aug 2025₹2.0t₹94.9b₹33.6b44.4x59.5x21.1x
Mon, 30 Jun 2025₹2.3t₹94.5b₹33.1b50.6x70.3x24.6x
Wed, 28 May 2025₹2.0t₹93.9b₹33.1b47.5x60.3x21.2x
Fri, 25 Apr 2025₹1.8t₹87.9b₹28.2b46.4x64.9x20.8x
Sun, 23 Mar 2025₹1.5t₹87.9b₹28.2b41.4x53x17x
Tue, 18 Feb 2025₹1.6t₹87.9b₹28.2b44.6x56.9x18.3x
Thu, 16 Jan 2025₹1.8t₹82.4b₹25.0b63.1x71.1x21.6x
Sat, 14 Dec 2024₹1.8t₹82.4b₹25.0b63.5x72.7x22.1x
Mon, 11 Nov 2024₹1.6t₹77.9b₹22.7b60x72.4x21.2x
Wed, 09 Oct 2024₹1.5t₹75.1b₹20.5b73.6x73.5x20.1x
Fri, 06 Sep 2024₹1.3t₹75.1b₹20.5b58.9x63x17.2x
Sun, 04 Aug 2024₹1.2t₹70.9b₹22.3b47.6x51.9x16.3x
Tue, 02 Jul 2024₹1.1t₹69.4b₹21.2b48.9x53.7x16.4x
Thu, 30 May 2024₹1.1t₹70.1b₹21.2b46.5x51.2x15.5x
Sat, 27 Apr 2024₹1.2t₹66.0b₹21.1b41.2x57.6x18.4x
Mon, 25 Mar 2024₹1.1t₹65.3b₹20.3b36.9x51.7x16.1x
Wed, 21 Feb 2024₹1.1t₹65.3b₹20.3b40.3x54.3x16.9x
Fri, 19 Jan 2024₹991.0b₹61.5b₹19.6b37.2x50.7x16.1x
Sun, 17 Dec 2023₹1.0t₹61.5b₹19.6b41x52.2x16.6x
Tue, 14 Nov 2023₹965.3b₹60.2b₹18.7b35.9x51.6x16x
Thu, 12 Oct 2023₹809.2b₹58.9b₹19.4b34x41.8x13.7x
Sat, 09 Sep 2023₹770.8b₹58.9b₹19.4b35.9x39.8x13.1x
Mon, 07 Aug 2023₹675.8b₹58.1b₹15.3b36.1x44.1x11.6x
Wed, 05 Jul 2023₹646.5b₹56.4b₹15.2b39.1x42.7x11.5x
Fri, 02 Jun 2023₹641.9b₹56.9b₹15.2b35x42.4x11.3x
Sun, 30 Apr 2023₹616.0b₹55.4b₹15.1b37.3x40.9x11.1x
Tue, 28 Mar 2023₹546.0b₹54.2b₹14.8b35.8x36.9x10.1x
Thu, 23 Feb 2023₹565.7b₹53.0b₹14.9b36.4x37.9x10.7x
Sat, 21 Jan 2023₹562.7b₹52.0b₹14.9b36.4x37.9x10.8x
Price to Earnings Ratio

37.9x


Total Market Cap: ₹562.7bTotal Earnings: ₹14.9bTotal Revenue: ₹52.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Financial Exchanges and Data Industry Price to Earnings3Y Average 53.1x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Financial Exchanges and Data industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 57.9x which is higher than its 3-year average PE of 53.1x.
  • The 3-year average PS ratio of 16.8x is lower than the industry's current PS ratio of 22.1x.
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-2.45%
Financials-1.81%
Capital Markets-0.74%
Financial Exchanges and Data2.71%
Investment Banking and Brokerage-0.11%
Diversified Capital Markets-1.69%
Asset Management-2.06%
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
BSE BSE₹2.84k3.3%
+₹37.9b		47.1%PE65x
MCX Multi Commodity Exchange of India₹2.42k4.9%
+₹28.6b		102.9%PE88.5x
CRISIL CRISIL₹4.77k0.9%
+₹3.0b		-17.5%PE46.5x

Latest News

BSE
₹2,836.80
BSE
7D
3.3%
1Y
47.1%

BSE: Higher Earnings Assumptions Will Face Risk From Regulatory Penalties

Analysts have raised their fair value estimate for BSE from ₹1,327.69 to ₹1,580.23, citing updated assumptions around revenue growth, profit margins, a slightly lower discount rate, and a modestly reduced future P/E multiple. What's in the News BSE imposed a regulatory penalty on Aloud Realty Private Limited for delayed submission of information related to payment obligations under Regulation 57 of the SEBI Listing Regulations, 2015, following the framework set out in SEBI Circular dated 29 July 2022.
ICRA
₹6,014.00
ICRA
7D
-5.0%
1Y
-1.9%
IEX
₹139.37
Indian Energy Exchange
7D
-10.0%
1Y
-16.9%

IEX: Higher Fair Value Will Depend On Uncertain Volume And Margin Resilience

Analysts have lifted their fair value estimate for Indian Energy Exchange to ₹105 from ₹99, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that they see as better reflecting the company’s risk and earnings profile. Analyst Commentary While the higher fair value estimate suggests more confidence in the updated model inputs, bearish analysts still highlight several areas of caution that they believe could limit upside for Indian Energy Exchange if execution or growth trends do not match expectations.
CRISIL
₹4,767.20
CRISIL
7D
0.9%
1Y
-17.5%

CRISIL: Dividend Timelines And Steady Margins Will Shape Measured Future Upside

Analysts have raised their price target on CRISIL to ₹5,106.50 from ₹5,056.50, citing updated assumptions around discount rate, revenue growth, profit margin and future P/E that modestly adjust their valuation framework. What's in the News A board meeting is scheduled on February 13, 2026 to consider and approve the audited consolidated and standalone financial results for the fourth quarter and year ended December 31, 2025, and to consider the payment of a final dividend for the financial year ending December 31, 2025 (Key Developments).
MCX
₹2,417.00
Multi Commodity Exchange of India
7D
4.9%
1Y
102.9%

MCX: Future Earnings Profile Will Reflect Product Launches And Corporate Actions

Analysts have reduced their price target on Multi Commodity Exchange of India from ₹10,000 to ₹2,500, citing updated assumptions that include revenue growth of 33.18%, a profit margin of 57.22% and a future P/E of 49.07x under a slightly lower discount rate of 14.56%. What's in the News A board meeting is scheduled on November 6, 2025 at 15:30 IST to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with the limited review report from statutory auditors (company filing).
CARERATING
₹1,607.10
CARE Ratings
7D
-6.5%
1Y
22.6%
512018
₹9.10
Tomorrow Technologies Global Innovations
7D
-4.0%
1Y
-34.4%
TRACXN
₹38.10
Tracxn Technologies
7D
-5.4%
1Y
-46.3%