Loading...

BSE

NSEI:BSE
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BSE
NSEI
₹32B
Market Cap
  1. Home
  2. IN
  3. Diversified Financials
Company description

BSE Limited, a stock exchange, together with its subsidiaries, provides a platform for trading in equity, debt instruments, derivatives, and mutual funds in India. The last earnings update was 78 days ago. More info.


Add to Portfolio Compare Print
BSE Share Price and Events
7 Day Returns
-0.1%
NSEI:BSE
-0.6%
IN Capital Markets
0.8%
IN Market
1 Year Returns
-23.8%
NSEI:BSE
-28.4%
IN Capital Markets
-0.7%
IN Market
BSE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BSE (BSE) -0.1% 2.2% 5.2% -23.8% - -
IN Capital Markets -0.6% 0.7% -1.8% -28.4% 57.3% 133.1%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • BSE outperformed the Capital Markets industry which returned -28.4% over the past year.
  • BSE underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
BSE
Industry
5yr Volatility vs Market

Value

 Is BSE undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for BSE. This is due to cash flow or dividend data being unavailable. The share price is ₹623.5.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BSE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BSE's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:BSE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹38.43
NSEI:BSE Share Price ** NSEI (2019-04-18) in INR ₹623.5
India Capital Markets Industry PE Ratio Median Figure of 171 Publicly-Listed Capital Markets Companies 14.57x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BSE.

NSEI:BSE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:BSE Share Price ÷ EPS (both in INR)

= 623.5 ÷ 38.43

16.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BSE is overvalued based on earnings compared to the IN Capital Markets industry average.
  • BSE is good value based on earnings compared to the India market.
Price based on expected Growth
Does BSE's expected growth come at a high price?
Raw Data
NSEI:BSE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
10.3%per year
India Capital Markets Industry PEG Ratio Median Figure of 12 Publicly-Listed Capital Markets Companies 1.57x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

NSEI:BSE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.23x ÷ 10.3%

1.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BSE is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on BSE's assets?
Raw Data
NSEI:BSE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹614.44
NSEI:BSE Share Price * NSEI (2019-04-18) in INR ₹623.5
India Capital Markets Industry PB Ratio Median Figure of 267 Publicly-Listed Capital Markets Companies 0.69x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:BSE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:BSE Share Price ÷ Book Value per Share (both in INR)

= 623.5 ÷ 614.44

1.01x

* Primary Listing of BSE.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BSE is overvalued based on assets compared to the IN Capital Markets industry average.
X
Value checks
We assess BSE's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. BSE has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is BSE expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BSE expected to grow at an attractive rate?
  • BSE's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • BSE's earnings growth is positive but not above the India market average.
  • BSE's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:BSE Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:BSE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 10.3%
NSEI:BSE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.9%
India Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 15.3%
India Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 14.9%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:BSE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:BSE Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 7,569 2,526 2,407 2
2020-03-31 7,414 1,829 2,105 3
2019-03-31 6,793 2,121 1,907 3
NSEI:BSE Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 6,699 2,044
2018-09-30 6,656 2,130
2018-06-30 6,733 2,391
2018-03-31 6,738 -2,460 2,241
2017-12-31 8,447 2,852
2017-09-30 8,064 2,589
2017-06-30 7,910 2,315
2017-03-31 5,909 8,173 1,340
2016-12-31 7,252 1,614
2016-09-30 7,111 2,685 1,640
2016-06-30 6,714 1,345
2016-03-31 6,538 -442 1,329

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BSE's earnings are expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
  • BSE's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:BSE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from BSE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BSE Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 44.77 47.50 42.50 3.00
2020-03-31 39.10 40.00 38.20 3.00
2019-03-31 38.98 45.94 34.60 3.00
NSEI:BSE Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 38.43
2018-09-30 39.70
2018-06-30 44.07
2018-03-31 41.08
2017-12-31 52.24
2017-09-30 47.42
2017-06-30 42.40
2017-03-31 24.55
2016-12-31 29.56
2016-09-30 30.04
2016-06-30 24.63
2016-03-31 24.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BSE is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BSE's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BSE has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has BSE performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BSE's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BSE's year on year earnings growth rate has been positive over the past 5 years.
  • BSE's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • BSE's 1-year earnings growth is negative, it can't be compared to the IN Capital Markets industry average.
Earnings and Revenue History
BSE's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BSE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BSE Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,699.30 2,043.90 4,059.40
2018-09-30 6,655.70 2,129.90 3,821.10
2018-06-30 6,733.40 2,390.80 3,644.70
2018-03-31 6,737.80 2,240.60 3,548.60
2017-12-31 8,446.80 2,851.60 4,192.70
2017-09-30 8,064.40 2,588.90 4,065.60
2017-06-30 7,909.60 2,315.00 4,014.80
2017-03-31 5,909.10 1,339.90 3,454.90
2016-12-31 7,252.20 1,613.80 3,237.50
2016-09-30 7,110.60 1,639.70 3,050.60
2016-06-30 6,713.70 1,344.70 2,994.60
2016-03-31 6,538.30 1,329.30 3,378.40
2015-12-31 6,264.40 1,242.60 2,867.90
2015-09-30 6,192.20 1,115.20 1,804.50
2015-06-30 6,087.60 1,220.30 2,229.00
2015-03-31 6,102.90 1,297.40 2,648.10
2014-12-31 5,825.90 1,611.90 2,336.70
2014-09-30 5,627.70 1,566.90 2,245.90
2014-06-30 5,338.00 1,430.30 2,114.90
2014-03-31 5,088.10 1,346.20 1,936.60
2013-12-31 5,163.20 1,370.50 2,064.80
2013-09-30 5,245.30 1,363.00 2,067.20
2013-06-30 5,325.50 1,311.00 2,011.60
2013-03-31 5,326.10 1,193.30 1,922.80
2012-12-31 5,406.50 1,033.90 1,862.00
2012-09-30 5,412.80 1,058.90 1,792.20
2012-06-30 5,435.30 1,298.80 1,791.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BSE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BSE used its assets more efficiently than the IN Capital Markets industry average last year based on Return on Assets.
  • BSE's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BSE's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BSE has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is BSE's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BSE's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BSE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BSE's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BSE's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • BSE has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BSE Company Filings, last reported 3 months ago.

NSEI:BSE Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 32,307.20 0.00 24,525.70
2018-09-30 32,307.20 0.00 24,525.70
2018-06-30 34,253.10 4.30 18,430.80
2018-03-31 34,253.10 4.30 18,430.80
2017-12-31 33,714.00 0.00 25,893.00
2017-09-30 33,714.00 0.00 25,893.00
2017-06-30 31,578.00 38.70 22,849.90
2017-03-31 31,578.00 38.70 22,633.40
2016-12-31 30,121.60 7.10 21,890.90
2016-09-30 30,121.60 7.10 21,890.90
2016-06-30 28,925.80 27.00 22,977.90
2016-03-31 29,362.50 13.40 12,836.10
2015-12-31 28,451.30 30.70 17,407.00
2015-09-30 28,451.30 30.70 17,407.00
2015-06-30 27,708.00 53.90 22,040.60
2015-03-31 27,708.00 53.90 22,040.60
2014-12-31 26,202.00 38.50 19,651.30
2014-09-30 26,202.00 38.50 19,651.30
2014-06-30 25,639.50 13.10 25,079.30
2014-03-31 25,639.50 36.10 22,739.30
2013-12-31 25,253.70 0.00 21,534.30
2013-09-30 25,253.70 0.00 21,534.30
2013-06-30 24,630.90 8.70 28,809.30
2013-03-31 24,630.90 8.70 28,731.90
2012-12-31 24,266.90 25.30 23,462.10
2012-09-30 24,266.90 25.30 23,462.10
2012-06-30 23,855.50 3,060.50 27,877.10
  • BSE has no debt.
  • BSE had no debt 5 years ago.
  • BSE has no debt, it does not need to be covered by operating cash flow.
  • BSE has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess BSE's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BSE has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.77%
Current annual income from BSE dividends. Estimated to be 6.14% next year.
If you bought ₹2,000 of BSE shares you are expected to receive ₹115 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BSE's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • BSE's dividend is above the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:BSE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
India Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 61 Stocks 1.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:BSE Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 37.30 3.00
2020-03-31 39.27 3.00
2019-03-31 38.00 2.00
NSEI:BSE Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-11-30 36.000 6.050
2018-05-04 36.000 4.876
2018-02-02 28.000 3.496
2017-08-03 28.000 2.910
2017-05-05 28.000 2.608
2017-02-14 10.000 1.029
2017-02-03 15.000 1.473

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, BSE has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but BSE only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of BSE's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess BSE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BSE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BSE has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of BSE's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ashish Kumar Chauhan
COMPENSATION ₹61,384,200
AGE 50
TENURE AS CEO 6.4 years
CEO Bio

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 2009 to November 2012 and as its Interim Chief Executive Officer since May 2012. He worked as the Chief Executive Officer of Mumbai Indians and President and Group Chief Information Officer of Reliance Industries Limited. He has also acted as the Chief Executive Officer and Managing Director of Reliance Infosolutions Private Limited and Internet ExchangeNext.com Private Limited. He has been a Director at BSE Limited since November 2, 2012. He has been Director of Marketplace Technologies Private Ltd. since October 31, 2009. He serves as Director of BOI Shareholding Ltd. He served as a Director of Central Depository Services (India) Limited since March 29, 2010 until August 14, 2015. He served as a Director of United Stock Exchange of India Limited. He served as Director of Reliance Infosolutions Private Limited until October 17, 2009. He serves as a Member of Clearing Council, Member of Governing Council at BSE Limited. He was awarded by the Computer Society of India in 1997 for Best IT Usage for his pioneering work in using IT for financial transactions at NSE. Mr. Chauhan holds a B. Tech. in Mechanical Engineering from the Indian Institute of Technology and Post Graduate Diploma in Management from the Indian Institute of Management.

CEO Compensation
  • Ashish Kumar's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Ashish Kumar's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the BSE management team in years:

6.8
Average Tenure
51
Average Age
  • The average tenure for the BSE management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ashish Kumar Chauhan

TITLE
MD, CEO
COMPENSATION
₹61M
AGE
50
TENURE
6.4 yrs

Kersi Tavadia

TITLE
Chief Information Officer
AGE
55

Prajakta Powle

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹3M
TENURE
2.6 yrs

Nayan Mehta

TITLE
Chief Financial Officer
COMPENSATION
₹9M
AGE
51
TENURE
7.3 yrs

Yatin Padia

TITLE
Chief Investor Relation Officer

Mahendra Tawde

TITLE
General Manager of Human Resources
TENURE
10.4 yrs

Nehal Vora

TITLE
Chief Regulatory Officer
AGE
45

Neeraj Kulshrestha

TITLE
Chief Business Officer
AGE
52
TENURE
1.3 yrs

Ajay Thakur

TITLE
Head of BSE SME
TENURE
23.3 yrs

Shankar Jadhav

TITLE
Head of Strategy and Senior General Manager
COMPENSATION
₹7M
AGE
51
Board of Directors Tenure

Average tenure and age of the BSE board of directors in years:

2.9
Average Tenure
60.5
Average Age
  • The average tenure for the BSE board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ashish Kumar Chauhan

TITLE
MD, CEO
COMPENSATION
₹61M
AGE
50
TENURE
6.4 yrs

Dhirendra Swarup

TITLE
Chairman of Advisory Committee
COMPENSATION
₹1M
AGE
74

Rajeshree Sabnavis

TITLE
Shareholder Director
COMPENSATION
₹825K
TENURE
3.6 yrs

Usha Sangwan

TITLE
Shareholder Director
COMPENSATION
₹400K
AGE
60
TENURE
3.6 yrs

Sumit Bose

TITLE
Public Interest Director
COMPENSATION
₹2M
AGE
63
TENURE
2.9 yrs

Vikramajit Sen

TITLE
Public Interest Director
COMPENSATION
₹1M
AGE
68
TENURE
2.9 yrs

Subhash Mundra

TITLE
Public Interest Director
COMPENSATION
₹400K
AGE
61
TENURE
1.3 yrs

David Wright

TITLE
Public Interest Director
TENURE
1.1 yrs

Uttam Bagri

TITLE
Member of Advisory Committee
COMPENSATION
₹60K
AGE
42

Shilpa Kumar

TITLE
Member of Advisory Committee
AGE
51
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess BSE's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BSE has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Introducing BSE (NSE:BSE), The Stock That Dropped 19% In The Last Year

Investors in BSE Limited (NSE:BSE) have tasted that bitter downside in the last year, as the share price dropped 19%. … While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Simply Wall St -

Is BSE Limited (NSE:BSE) An Attractive Dividend Stock?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … BSE Limited (NSE:BSE) has recently paid dividends to shareholders, and currently yields 6.4%.

Simply Wall St -

What Kind Of Shareholder Appears On The BSE Limited's (NSE:BSE) Shareholder Register?

Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

Should BSE Limited's (NSE:BSE) Recent Earnings Decline Worry You?

After looking at BSE Limited's (NSE:BSE) latest earnings announcement (30 September 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … BSE's trailing twelve-month earnings (from 30 September 2018) of ₹2.1b has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 14%, indicating the rate at which BSE is growing has slowed down

Simply Wall St -

Is BSE Limited (NSE:BSE) An Attractive Dividend Stock?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … Does BSE tick all the boxes of a great dividend stock? … 5 questions I ask before picking a dividend stock

Simply Wall St -

Is BSE Limited's (NSE:BSE) Growth Strong Enough To Justify Its October Share Price?

BSE Limited (NSE:BSE) is considered a high growth stock. … However its last closing price of ₹630.05 left investors wondering whether this growth has already been factored into the share price. … Let’s look into this by assessing BSE's expected growth over the next few years.

Simply Wall St -

Who Are BSE Limited's (NSE:BSE) Major Shareholders?

I am going to take a deep dive into BSE Limited’s (NSE:BSE) most recent ownership structure, not a frequent subject of discussion among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

BSE Limited (NSE:BSE) And The Financial Sector Outlook 2018

is a capital market firm operating in an industry, … Many aspects of banking and capital markets are being attacked by new competitors, whose key advantage is a leaner and technology-enabled operating model, allowing them to scale at a faster rate and meet changing consumer needs … Financial services analysts are forecasting for the entire industry,

Simply Wall St -

Is BSE Limited's (NSE:BSE) CEO Overpaid Relative To Its Peers?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

Should BSE Limited (NSE:BSE) Be Part Of Your Portfolio?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … BSE Limited (NSE:BSE) has returned an average dividend yield of 3.00% annually to shareholders.

Simply Wall St -

Company Info

Description

BSE Limited, a stock exchange, together with its subsidiaries, provides a platform for trading in equity, debt instruments, derivatives, and mutual funds in India. It also offers risk management, clearing, and settlement services; market data and information products; and other services to corporate clients, such as book building software, buy-back facilities, reverse book building software, etc. The company also provides technology services comprising order management system, a treading solution, which allows the user to watch market prices and execute orders in multiple exchanges; Bolt+ On Web, a real time trading solution; FasTrade, a terminal based and Internet based market access solution; and Smart Order Routing, a solution that allows brokers trading engines to systematically choose the execution destination based on various factors, as well as BSE Startups, a platform for entrepreneurs to list their startups. In addition, it offers colocation, algo and mobile trading, direct market access, and electronic contract notes services. The company was formerly known as Bombay Stock Exchange Limited and changed its name to BSE Limited in July 2011. BSE Limited was founded in 1875 and is based in Mumbai, India.

Details
Name: BSE Limited
BSE
Exchange: NSEI
Founded: 1875
₹32,290,442,747
51,789,002
Website: http://www.bseindia.com
Address: BSE Limited
Phiroze Jeejeebhoy Towers,
25th Floor,
Mumbai,
Maharashtra, 400001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI BSE Equity Shares National Stock Exchange of India IN INR 03. Feb 2017
Number of employees
Current staff
Staff numbers
0
BSE employees.
Industry
Financial Exchanges and Data
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:57
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/02/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.