National Stock Exchange Ltd (NSE) - Unlisted Shares

Fundamentals

Current Price
₹1,975
Market Cap
₹4,88,812.50 Cr
ISIN
INE721I01023
Face Value
₹1
P/E Ratio
58.95
EPS
33.5
P/B Ratio
20.39
Book Value
96.86
Debt / Equity Ratio
0

Key Financials

Profit & Loss

MetricFY2024FY2023FY2022FY2021FY2020FY2019
Revenue from Operations14,780.0111,856.238,313.135,624.823,507.932,997.42
Growth %24.66%42.62%47.79%60.35%17.03%0
Operating Expenses3,169.352,224.771,707.861,484.141,241.981,073.11
Growth %42.46%30.27%15.07%19.5%15.70%0
Operating Profit11,610.669,631.466,605.274,140.702,266.011,924.30
Op. Profit Margin %78.56%81.24%79.46%73.61%64.60%64.20%
Other Income1754.14997.63736.42488.22`502.16793.92
Depreciation439.55384.06310.45226.01180.78142.02
Contribution to Core SGF1741.97203.450.00-62.0862.080.00
Profit Before Tax11,184.2810,041.587,031.244,465.972,525.252,576.21
Tax2,777.802,539.701,698.34891.55640.47868.17
Tax %18.79%21.42%20.43%15.85%18.26%28.96%
Loss from Discontinued Operations100.7145.9134.6000
Profit After Tax8,305.747,355.995,198.293,573.421,884.781,708.04
Growth %12.91%41.51%45.47%89.59%10.35%0
PAT %56.20%62.04%62.53%63.53%53.73%56.98%
Diluted EPS41.9437.1426.2318.059.528.62

Company Financials

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Equity Capital049.5049.5049.5049.5049.5049.50
Reserves023,924.3820,430.8815,368.7811,586.458,572.497,738.76
Total Equity0023,973.8820,480.3815,418.2811,635.958,621.997,788.26
Borrowings0000000
Other Non-Current Liabilities00552.36414.47469.61242.82263.09189.55
Total NC Liabilities0552.36414.47469.61242.82263.09189.55
Borrowings0000000
Other Current Liabilities032,027.3110,385.6915,463.8813,533.9411,858.488,942.89
Total Current Liabilities032,027.3110,385.6915,463.8813,533.9411,858.488,942.89
Settlement Gaurantee Fund (SGF)08,910.455,283.804,255.233,792.933,426.773,057.68
Equity + Liabilities065,464.0036,564.3435,607.0029,205.6424,170.3319,978.38
Fixed Assets (incl. WIP)01,098.641,060.701,144.18795.82631.81645.75
Other Non Current Assets020,970.1712,538.668,074.197,984.795,372.705,958.60
Total NC Assets0022,068.8113,599.369,218.378,780.616,004.516,604.35
Trade Receivables01,864.661,589.211,614.95998.58652.11452.51
Cash & Cash Equivalents029,111.0411,583.1816,322.7413,457.559,237.909,540.68
Other Current Assets09,006.389,006.388,450.945,968.907,835.813,380.84
Total Current Assets042,542.6922,178.7726,388.6320,425.0317,725.8213,374.03
Assets classified as held for sale0852.50786.210.000.00440.000.00
Total Assets065,464.0036,564.3435,607.0029,205.6424,170.3319,978.38

Shareholding Pattern

Life Insurance Corporation of India
10.72%%
Aranda Investments (Mauritius) Pte Ltd.
5%%
Stock Holding Corporation of India Ltd.
4.44%%
SBI Capital Markets Limited
4.33%%
Veracity Investments Limited
3.93%%
Others
71.58%%

Strengths & Weaknesses

Strengths

  • Market Leadership: NSE is the largest stock exchange in India and ranks globally as the top derivatives exchange by the number of contracts traded. It has a dominant market share in equity cash, derivatives, and currency segments.
  • Technological Edge: NSE's advanced trading infrastructure and commitment to innovations like T+1 settlement cycles, GIFT Nifty trading, and real-time market surveillance systems enhance market efficiency and investor confidence.
  • Strong Financials and Investor Base: With a consolidated revenue from operations of ₹14,780 crores in FY 2023-24 and a registered investor base of over 9.2 crores, NSE demonstrates its financial resilience and wide reach in the Indian market.

Weaknesses

  • Concentration of Revenue: NSE heavily relies on trading volume in specific segments like equity derivatives, exposing it to revenue fluctuations driven by market volatility.
  • Regulatory Scrutiny: As the largest exchange in India, NSE operates under constant scrutiny from regulators like SEBI, making it more susceptible to compliance-related challenges.

About National Stock Exchange Ltd (NSE)

The National Stock Exchange (NSE) is a leading stock exchange in India, established in 1992 and headquartered in Mumbai. It is the world's largest derivatives exchange by the number of contracts traded and the third largest in cash equities by the number of trades. NSE introduced electronic trading, making it the first exchange in India to do so, and it is known for its flagship index, the NIFTY 50.

Board of Directors

  • Mr. Girish Chandra Chaturvedi - Chairman and Public Interest Director
  • Mr. Vikram Limaye - Managing Director & Chief Executive Officer
  • Ms. Anuradha Rao - Public Interest Director
  • Mr. K Narasimha Murthy - Public Interest Director
  • Prof. S Sudarshan - Public Interest Director
  • Ms. Mona Bhide - Public Interest Director
  • Mr. Prakash Parthasarathy - Shareholder Director
  • Mr. Abhay Havaldar - Shareholder Director
  • Ms. Sunita Sharma - Shareholder Director

Senior Management

  • Mr. Vikram Limaye - MD and CEO
  • Mr. J Ravichandran - Group President
  • Mr. Ravi Varanasi - Chief Business Development Officer
  • Mr. Yatrik Vin - Chief Financial Officer
  • Mr. Somasundaram Ks - Chief Enterprise Risk & Information Security Officer
  • Ms. Priya Subbaraman - Chief Regulatory Officer
  • Mr. Saurov Ghosh - Group Head - Human Resources
  • Mr. Shiv Kumar Bhasin - Chief Technology And Operations Officer
  • Mr. G Shenoy - Chief Technology Officer
  • Mr. S Madhavan - Company Secretary
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National Stock Exchange Ltd (NSE)