NSEI:BSE

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has BSE's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.1%

BSE

2.2%

IN Capital Markets

-4.2%

IN Market


1 Year Return

-24.4%

BSE

-39.9%

IN Capital Markets

-7.8%

IN Market

BSE outperformed the Capital Markets industry which returned -39.9% over the past year.

BSE underperformed the Market in India which returned -7.8% over the past year.


Share holder returns

BSEIndustryMarket
7 Day1.1%2.2%-4.2%
30 Day11.6%2.3%2.7%
90 Day-11.9%-15.3%-5.5%
1 Year-20.6%-24.4%-39.0%-39.9%-6.0%-7.8%
3 Yearn/a-6.0%-9.3%18.5%12.6%
5 Yearn/a19.5%12.1%38.6%25.6%

Price Volatility Vs. Market

How volatile is BSE's share price compared to the market and industry in the last 5 years?


Simply Wall St News

2 months ago | Simply Wall St

Does BSE (NSE:BSE) Have A Healthy Balance Sheet?

Valuation

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

15.49x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for BSE to establish if it is available at moderate discount.

Unable to calculate intrinsic value for BSE to establish if it is available at substantial discount.


Price Based on Earnings

BSE is good value based on earnings compared to the IN Capital Markets industry average.

BSE is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

BSE is poor value based on expected growth next year.


Price Based on Value of Assets

BSE is overvalued based on assets compared to the IN Capital Markets industry average.


Next Steps

Future Growth

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

8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

BSE's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).

BSE's earnings are expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).

BSE's revenue growth is positive but not above the India market average.

BSE's earnings growth is positive but not above the India market average.

BSE's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if BSE will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has BSE performed over the past 5 years?

11.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

BSE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

BSE used its assets more efficiently than the IN Capital Markets industry average last year based on Return on Assets.


Return on Capital Employed

BSE's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is BSE's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

BSE's level of debt (-0%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (-0% vs -0% today).

Debt is well covered by operating cash flow (244653.8%, greater than 20% of total debt).

BSE has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are -21485.6x debt.


Next Steps

Dividend

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

6.48%

Expected Dividend Yield


Dividend Yield and Payments Analysis

BSE's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.57%).

BSE's dividend is above the markets top 25% of dividend payers in India (2.34%).

BSE has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but BSE only paid a dividend in the past 3 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

7.3yrs

Average management tenure


CEO

Ashish Kumar Chauhan (51yo)

6.8yrs

Tenure

₹66,424,806

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

Ashish Kumar's remuneration is higher than average for companies of similar size in India.

Ashish Kumar's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

7.3yrs

Average Tenure

52yo

Average Age

The average tenure for the BSE management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

2.5yrs

Average Tenure

61yo

Average Age

The average tenure for the BSE board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Nayan Mehta (52yo)

    Chief Financial Officer

    • Tenure: 7.7yrs
    • Compensation: ₹14.47m
  • Kersi Tavadia (56yo)

    Chief Information Officer

    • Tenure: 0yrs
  • Mahendra Tawde

    General Manager of Human Resources

    • Tenure: 10.8yrs
  • Nehal Vora (46yo)

    Chief Regulatory Officer

    • Tenure: 0yrs
  • Gopalkrishnan Iyer

    Chief General Manager

    • Tenure: 0yrs
  • Ashish Kumar Chauhan (51yo)

    MD, CEO

    • Tenure: 6.8yrs
    • Compensation: ₹66.42m
  • Neeraj Kulshrestha (53yo)

    Chief Business Officer

    • Tenure: 1.7yrs
  • Ajay Thakur

    Head of BSE SME

    • Tenure: 23.7yrs
  • Prajakta Powle

    Company Secretary & Compliance Officer

    • Tenure: 3yrs
    • Compensation: ₹3.14m
  • Yogesh Joshi

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Usha Sangwan (61yo)

    Shareholder Director

    • Tenure: 4yrs
    • Compensation: ₹575.00k
  • Uttam Bagri (43yo)

    Member of Advisory Committee

    • Tenure: 0yrs
    • Compensation: ₹60.00k
  • Shilpa Kumar (52yo)

    Member of Advisory Committee

    • Tenure: 0yrs
  • Damodar Aggarwal (57yo)

    Member of Advisory Committee

    • Tenure: 0yrs
  • Ashish Kumar Chauhan (51yo)

    MD, CEO

    • Tenure: 6.8yrs
    • Compensation: ₹66.42m
  • Dhirendra Swarup (75yo)

    Chairman of Advisory Committee

    • Tenure: 0yrs
    • Compensation: ₹1.33m
  • Sumit Bose (64yo)

    Public Interest Director

    • Tenure: 3.3yrs
    • Compensation: ₹2.19m
  • David Wright

    Public Interest Director

    • Tenure: 1.5yrs
    • Compensation: ₹1.43m
  • Vikramajit Sen (69yo)

    Chairman of the Board

    • Tenure: 0.3yrs
    • Compensation: ₹1.40m
  • Subhash Mundra (62yo)

    Public Interest Director

    • Tenure: 1.7yrs
    • Compensation: ₹1.88m

Company Information

BSE Limited's company bio, 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: ₹28.077b
  • Shares outstanding: 51.79m
  • Website: https://www.bseindia.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSENSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2017

Biography

BSE Limited, together with its subsidiaries, provides a platform for trading in equity, debt instruments, derivatives, and mutual funds in India. The company operates through two segments, Stock Exchange O ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 13:00
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.