BSE

BSENSEI:BSE Stock Report

Market Cap

₹52.5b

7D

-5.1%

1Y

115.2%

Updated

21 Sep, 2021

Data

Company Financials +
BSE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends4/6

BSE Overview

BSE Limited, together with its subsidiaries, provides a platform for trading in equity, debt instruments, derivatives, and mutual funds in India and internationally.

BSE Competitors

Multi Commodity Exchange of India

NSEI:MCX

₹83.5b

CME Group

NasdaqGS:CME

US$66.7b

Intercontinental Exchange

NYSE:ICE

US$65.7b

B3 - Brasil Bolsa Balcão

BOVESPA:B3SA3

R$82.3b

Price History & Performance

Summary of all time highs, changes and price drops for BSE
Historical stock prices
Current Share Price₹1,166.65
52 Week High₹466.00
52 Week Low₹1,410.00
Beta0.98
1 Month Change5.07%
3 Month Change31.18%
1 Year Change115.15%
3 Year Change62.45%
5 Year Changen/a
Change since IPO9.11%

Recent News & Updates

Shareholder Returns

BSEIN Capital MarketsIN Market
7D-5.1%-1.9%-0.2%
1Y115.2%59.3%64.1%

Return vs Industry: BSE exceeded the Indian Capital Markets industry which returned 58% over the past year.

Return vs Market: BSE exceeded the Indian Market which returned 61.2% over the past year.

Price Volatility

Is BSE's price volatile compared to industry and market?
BSE volatility
BSE Beta0.98
Industry Beta0.79
Market Beta1

Stable Share Price: BSE is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BSE's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1875494Ashish Kumar Chauhanhttps://www.bseindia.com

BSE Limited, together with its subsidiaries, provides a platform for trading in equity, debt instruments, derivatives, and mutual funds in India and internationally. The company also offers securities, data dissemination, and depository services. In addition, it provides clearing and settlement; IT support; training; risk management; and investment services, as well as engages in the corporate social responsibility activities.

Valuation

Is BSE undervalued compared to its fair value and its price relative to the market?

31.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BSE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BSE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BSE is poor value based on its PE Ratio (31.8x) compared to the Indian Capital Markets industry average (16.5x).

PE vs Market: BSE is poor value based on its PE Ratio (31.8x) compared to the Indian market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: BSE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BSE is overvalued based on its PB Ratio (1.7x) compared to the IN Capital Markets industry average (0.8x).


Future Growth

How is BSE forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSE's earnings are forecast to decline over the next 3 years (-1.2% per year).

Earnings vs Market: BSE's earnings are forecast to decline over the next 3 years (-1.2% per year).

High Growth Earnings: BSE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BSE's revenue (5.6% per year) is forecast to grow slower than the Indian market (12.6% per year).

High Growth Revenue: BSE's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSE's Return on Equity is forecast to be low in 3 years time (9.4%).


Past Performance

How has BSE performed over the past 5 years?

-6.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSE has high quality earnings.

Growing Profit Margin: BSE's current net profit margins (25.3%) are higher than last year (18.8%).


Past Earnings Growth Analysis

Earnings Trend: BSE's earnings have declined by 6.9% per year over the past 5 years.

Accelerating Growth: BSE's earnings growth over the past year (44.8%) exceeds its 5-year average (-6.9% per year).

Earnings vs Industry: BSE earnings growth over the past year (44.8%) underperformed the Capital Markets industry 62.9%.


Return on Equity

High ROE: BSE's Return on Equity (5.2%) is considered low.


Financial Health

How is BSE's financial position?


Financial Position Analysis

Short Term Liabilities: BSE's short term assets (₹31.5B) exceed its short term liabilities (₹15.5B).

Long Term Liabilities: BSE's short term assets (₹31.5B) exceed its long term liabilities (₹123.8M).


Debt to Equity History and Analysis

Debt Level: BSE's debt to equity ratio (0%) is considered satisfactory.

Reducing Debt: BSE's debt to equity ratio has reduced from 0.05% to 0% over the past 5 years.

Debt Coverage: BSE's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: BSE's interest payments on its debt are well covered by EBIT (13.2x coverage).


Balance Sheet


Dividend

What is BSE current dividend yield, its reliability and sustainability?

1.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BSE's dividend (1.8%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: BSE's dividend (1.8%) is in the top 25% of dividend payers in the Indian market (1.48%)


Stability and Growth of Payments

Stable Dividend: BSE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BSE's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.4%), BSE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BSE's dividends in 3 years are forecast to be well covered by earnings (46.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.8yrs

Average management tenure


CEO

Ashish Kumar Chauhan (53 yo)

8.83yrs

Tenure

₹84,190,678

Compensation

Mr. Ashish Kumar Manilal Chauhan has been the Managing Director and Chief Executive Officer of BSE Limited since November 2, 2012. Mr. Chauhan served as Deputy Chief Executive Officer of BSE Limited from 2...


CEO Compensation Analysis

Compensation vs Market: Ashish Kumar's total compensation ($USD1.14M) is above average for companies of similar size in the Indian market ($USD371.74K).

Compensation vs Earnings: Ashish Kumar's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BSE's management team is seasoned and experienced (8.8 years average tenure).


Board Members

Experienced Board: BSE's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BSE Limited's employee growth, exchange listings and data sources


Key Information

  • Name: BSE Limited
  • Ticker: BSE
  • Exchange: NSEI
  • Founded: 1875
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Market Cap: ₹52.528b
  • Shares outstanding: 45.02m
  • Website: https://www.bseindia.com

Number of Employees


Location

  • BSE Limited
  • Phiroze Jeejeebhoy Towers
  • 25th Floor
  • Mumbai
  • Maharashtra
  • 400001
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/21 15:34
End of Day Share Price2021/09/21 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.