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Indian (NIFTY) Financial Exchanges and Data Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies8
  • 7D-0.7%
  • 3M0.4%
  • 1Y57.9%
  • YTDn/a

Over the last 7 days, the Financial Exchanges and Data industry has remained flat, although notably CRISIL declined by 4.2%. The past year has been better, since the industry has gained 58% in that time. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026₹2.3t₹116.0b₹46.9b35.9x48.5x19.6x
Tue, 27 Jan 2026₹2.2t₹109.5b₹42.8b37.3x52.3x20.5x
Thu, 25 Dec 2025₹2.2t₹105.8b₹40.4b37.1x54.6x20.8x
Sat, 22 Nov 2025₹2.2t₹105.8b₹40.4b37.6x55.4x21.2x
Mon, 20 Oct 2025₹2.1t₹101.3b₹37.4b40x55.5x20.5x
Wed, 17 Sep 2025₹1.9t₹100.3b₹37.2b43.7x51.5x19.1x
Fri, 15 Aug 2025₹2.1t₹100.3b₹37.2b44x55.5x20.6x
Sun, 13 Jul 2025₹2.1t₹94.5b₹33.1b52.3x64.5x22.6x
Tue, 10 Jun 2025₹2.3t₹94.5b₹33.1b49.6x70.9x24.8x
Thu, 08 May 2025₹1.8t₹88.9b₹28.6b44.7x64.3x20.7x
Sat, 05 Apr 2025₹1.6t₹87.9b₹28.2b41.8x55.7x17.9x
Mon, 03 Mar 2025₹1.4t₹87.9b₹28.2b40.4x51.1x16.4x
Wed, 29 Jan 2025₹1.6t₹83.7b₹26.8b55x60.1x19.3x
Fri, 27 Dec 2024₹1.7t₹82.4b₹25.0b60.9x69.9x21.2x
Sun, 24 Nov 2024₹1.6t₹82.4b₹25.0b59.9x64.9x19.7x
Tue, 22 Oct 2024₹1.6t₹77.1b₹22.5b75.4x70x20.4x
Thu, 19 Sep 2024₹1.5t₹75.1b₹20.5b71.8x72.4x19.8x
Sat, 17 Aug 2024₹1.2t₹75.1b₹20.5b55.6x58.3x15.9x
Mon, 15 Jul 2024₹1.1t₹69.4b₹21.2b46.8x51.2x15.7x
Wed, 12 Jun 2024₹1.1t₹69.3b₹21.2b46.4x51.3x15.7x
Fri, 10 May 2024₹1.1t₹69.1b₹21.2b42.1x51.5x15.8x
Sun, 07 Apr 2024₹1.2t₹65.3b₹20.3b37.8x57x17.7x
Tue, 05 Mar 2024₹1.1t₹65.3b₹20.3b39.9x54.5x17x
Thu, 01 Feb 2024₹1.0t₹62.0b₹19.7b38.3x51.5x16.4x
Sat, 30 Dec 2023₹1.0t₹61.5b₹19.6b42.6x52.4x16.7x
Mon, 27 Nov 2023₹975.4b₹61.5b₹19.6b38.5x49.9x15.9x
Wed, 25 Oct 2023₹834.9b₹59.0b₹19.3b35.9x43.2x14.1x
Fri, 22 Sep 2023₹732.4b₹58.9b₹19.4b34.9x37.8x12.4x
Sun, 20 Aug 2023₹675.0b₹58.9b₹19.4b35.2x34.9x11.5x
Tue, 18 Jul 2023₹660.9b₹56.4b₹15.2b38.7x43.6x11.7x
Thu, 15 Jun 2023₹632.1b₹56.4b₹15.2b35x41.7x11.2x
Sat, 13 May 2023₹619.9b₹55.4b₹15.1b37.5x41.2x11.2x
Mon, 10 Apr 2023₹585.3b₹54.2b₹14.8b38.2x39.5x10.8x
Wed, 08 Mar 2023₹585.3b₹53.0b₹14.9b37.9x39.2x11x
Price to Earnings Ratio

39.2x


Total Market Cap: ₹585.3bTotal Earnings: ₹14.9bTotal Revenue: ₹53.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Financial Exchanges and Data Industry Price to Earnings3Y Average 53.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Financial Exchanges and Data industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 48.5x which is lower than its 3-year average PE of 53.7x.
  • The 3-year average PS ratio of 17.3x is lower than the industry's current PS ratio of 19.6x.
Past Earnings Growth
  • The earnings for companies in the Financial Exchanges and Data industry have grown 47% per year over the last three years.
  • Revenues for these companies have grown 30% 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-0.79%
Financials-1.31%
Capital Markets-1.89%
Financial Exchanges and Data-0.72%
Asset Management-1.19%
Investment Banking and Brokerage-4.22%
Diversified Capital Markets-5.47%
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
MCX Multi Commodity Exchange of India₹2.44k2.0%
+₹12.1b		144.7%PE66.5x
IEX Indian Energy Exchange₹125.640.2%
+₹195.6m		-19.4%PE23.3x
512018 Tomorrow Technologies Global Innovations₹9.6518.0%
+₹168.8m		5.1%PS303.9x
TRACXN Tracxn Technologies₹33.973.3%
+₹116.3m		-36.7%PS4.3x
CARERATING CARE Ratings₹1.61k0.2%
+₹81.1m		43.7%PE30.1x

Latest News

512018
₹9.65
Tomorrow Technologies Global Innovations
7D
18.0%
1Y
5.1%
BSE
₹2,707.10
BSE
7D
-1.2%
1Y
75.3%

BSE: Regulatory Penalty Risk And Rich P/E Will Pressure Future Returns

Analysts have lifted their price target on BSE from ₹1,600.11 to ₹1,658.68, reflecting updated assumptions that combine a slightly lower discount rate with revised expectations for revenue growth, profit margins and future P/E. What's in the News BSE has scheduled a board meeting on Feb 9, 2026 to consider and approve unaudited financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
CRISIL
₹4,376.40
CRISIL
7D
-4.2%
1Y
-0.3%

CRISIL: Dividend Decisions And Steady Assumptions Will Support A Positive Outlook

Analysts have kept the CRISIL price target unchanged at ₹5,106.50, reflecting updated assumptions that combine slightly higher revenue growth expectations with a marginally lower profit margin and a modestly adjusted future P/E multiple. What's in the News Board meeting scheduled on February 13, 2026 to consider and approve 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 2025 financial year (company filing).
IEX
₹125.64
Indian Energy Exchange
7D
0.2%
1Y
-19.4%

IEX: Softer Revenue Outlook Will Test Confidence In 105 Fair Value

Analysts have kept their fair value estimate for Indian Energy Exchange steady at ₹105.00. They have tweaked their assumptions with a lower discount rate and a slightly softer revenue growth outlook, alongside a higher projected profit margin and a modestly lower future P/E multiple.
MCX
₹2,443.30
Multi Commodity Exchange of India
7D
2.0%
1Y
144.7%

MCX: Stock Split Will Support Stronger Margins And Bullish Repricing

Analysts have lifted their price target on Multi Commodity Exchange of India from about ₹2,410 to roughly ₹2,850, citing updated assumptions that combine a slightly lower discount rate with changes to forecast revenue growth, profit margins and future P/E multiples. What's in the News Board meeting scheduled on January 23, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
TRACXN
₹33.97
Tracxn Technologies
7D
3.3%
1Y
-36.7%
CARERATING
₹1,612.30
CARE Ratings
7D
0.2%
1Y
43.7%
ICRA
₹5,531.00
ICRA
7D
-3.3%
1Y
4.1%

ICRA Limited Just Missed EPS By 16%: Here's What Analysts Think Will Happen Next

Jan 31
ICRA Limited Just Missed EPS By 16%: Here's What Analysts Think Will Happen Next