BSE share price falls 2%; stock among top losers on Nifty Midcap 150
Shares of BSE Limited declined by 2.03 percent to Rs 2,472.50 in Thursday's session, making it among the top losers on the Nifty Midcap 150. This fall reflects a notable shift in investor sentiment, contrasting with the generally positive outlook suggested by a recent Moneycontrol analysis which was bullish as of July 3, 2025.Financial SnapshotHere's an overview of BSE Limited's financial performance:Consolidated Quarterly Results
The following table summarizes the consolidated quarterly financial results:
HeadingMar 2024Jun 2024Sep 2024Dec 2024
Mar 2025RevenueRs 544.77 CroreRs 670.64 CroreRs 813.30 CroreRs 831.74 Crore
Rs 916.97 CroreNet ProfitRs 82.49 CroreRs 241.56 CroreRs 321.40 CroreRs 198.73 Crore
Rs 478.04 CroreEPS7.7919.3025.2516.00
36.00
The revenue for BSE Limited has shown a consistent increase over the quarters, from Rs 544.77 Crore in March 2024 to Rs 916.97 Crore in March 2025. Similarly, the net profit has also increased significantly, from Rs 82.49 Crore to Rs 478.04 Crore during the same period.Consolidated Yearly Results
The following table summarizes the consolidated yearly financial results:
Heading2021202220232024
2025RevenueRs 501.37 CroreRs 743.15 CroreRs 924.84 CroreRs 1,592.50 Crore
Rs 3,212.04 CroreNet ProfitRs 98.55 CroreRs 180.75 CroreRs 156.42 CroreRs 699.84 Crore
Rs 1,239.73 CroreEPS30.9418.5116.0656.66
96.55BVPS559.09206.26208.86255.24
326.84ROE5.819.588.1623.57
29.97Debt to Equity0.000.000.000.00
0.00
The yearly revenue has increased significantly from Rs 501.37 Crore in 2021 to Rs 3,212.04 Crore in 2025. The net profit has also shown a substantial increase, rising from Rs 98.55 Crore to Rs 1,239.73 Crore during the same period.Annual Income Statement
The following table presents the annual income statement:
Mar 2025Mar 2024Mar 2023Mar 2022
Mar 2021SalesRs 3,212 CroreRs 1,592 CroreRs 924 CroreRs 743 Crore
Rs 501 CroreOther IncomeRs 24 CroreRs 25 CroreRs 29 CroreRs 120 Crore
Rs 153 CroreTotal IncomeRs 3,236 CroreRs 1,617 CroreRs 953 CroreRs 863 Crore
Rs 654 CroreTotal ExpenditureRs 1,570 CroreRs 679 CroreRs 678 CroreRs 578 Crore
Rs 534 CroreEBITRs 1,670 CroreRs 938 CroreRs 275 CroreRs 285 Crore
Rs 119 CroreInterestRs 0 CroreRs 15 CroreRs 27 CroreRs 22 Crore
Rs 10 CroreTaxRs 431 CroreRs 223 CroreRs 91 CroreRs 82 Crore
Rs 10 CroreNet ProfitRs 1,239 CroreRs 699 CroreRs 156 CroreRs 180 Crore
Rs 98 Crore
Sales have shown consistent growth, increasing from Rs 501 Crore in March 2021 to Rs 3,212 Crore in March 2025. The net profit also increased significantly during the same period.Quarterly Income Statement
The following table presents the quarterly income statement:
Mar 2025Dec 2024Sep 2024Jun 2024
Mar 2024SalesRs 916 CroreRs 831 CroreRs 813 CroreRs 670 Crore
Rs 544 CroreOther IncomeRs 9 CroreRs 3 CroreRs 5 CroreRs 3 Crore
Rs 3 CroreTotal IncomeRs 926 CroreRs 835 CroreRs 818 CroreRs 674 Crore
Rs 548 CroreTotal ExpenditureRs 282 CroreRs 567 CroreRs 386 CroreRs 347 Crore
Rs 418 CroreEBITRs 644 CroreRs 268 CroreRs 432 CroreRs 326 Crore
Rs 129 CroreInterestRs 0 CroreRs 0 CroreRs 0 CroreRs 0 Crore
Rs 0 CroreTaxRs 166 CroreRs 69 CroreRs 110 CroreRs 85 Crore
Rs 47 CroreNet ProfitRs 478 CroreRs 198 CroreRs 321 CroreRs 241 Crore
Rs 82 Crore
The quarterly sales and net profit have shown fluctuating trends. Sales increased from Rs 544 Crore in March 2024 to Rs 916 Crore in March 2025. Net profit also increased from Rs 82 Crore to Rs 478 Crore during the same period.Cash Flow
The following table provides an overview of the cash flow from various activities:
Mar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Operating ActivitiesRs 410 CroreRs 2,842 CroreRs -137 CroreRs 1,441 Crore
Rs -67 CroreInvesting ActivitiesRs -767 CroreRs -1,071 CroreRs -111 CroreRs -979 Crore
Rs -189 CroreFinancing ActivitiesRs -205 CroreRs -149 CroreRs -185 CroreRs 8 Crore
Rs -55 CroreOthersRs 12 CroreRs 0 CroreRs 0 CroreRs 0 Crore
Rs 0 CroreNet Cash FlowRs -550 CroreRs 1,621 CroreRs -433 CroreRs 470 Crore
Rs -312 Crore
Balance Sheet
The following table presents the balance sheet data:
Mar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Share CapitalRs 27 CroreRs 27 CroreRs 27 CroreRs 27 Crore
Rs 9 CroreReserves & SurplusRs 4,396 CroreRs 3,275 CroreRs 2,674 CroreRs 2,627 Crore
Rs 2,483 CroreCurrent LiabilitiesRs 4,614 CroreRs 5,026 CroreRs 2,392 CroreRs 2,746 Crore
Rs 1,545 CroreOther LiabilitiesRs 1,303 CroreRs 1,120 CroreRs 899 CroreRs 784 Crore
Rs 589 CroreTotal LiabilitiesRs 10,341 CroreRs 9,450 CroreRs 5,993 CroreRs 6,185 Crore
Rs 4,627 CroreFixed AssetsRs 315 CroreRs 262 CroreRs 216 CroreRs 133 Crore
Rs 150 CroreCurrent AssetsRs 7,342 CroreRs 5,969 CroreRs 3,857 CroreRs 4,953 Crore
Rs 3,150 CroreOther AssetsRs 2,683 CroreRs 3,217 CroreRs 1,919 CroreRs 1,098 Crore
Rs 1,326 CroreTotal AssetsRs 10,341 CroreRs 9,450 CroreRs 5,993 CroreRs 6,185 Crore
Rs 4,627 CroreContingent LiabilitiesRs 0 CroreRs 8,130 CroreRs 3,349 CroreRs 2,493 Crore
Rs 1,316 Crore
Key Financial Ratios
The following table presents key financial ratios for BSE Limited:
RatioMar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Basic EPS (Rs.)96.5556.6616.0618.51
30.94Diluted Eps (Rs.)96.5556.6616.0618.51
30.94Book Value [Excl. Reval Reserve]/Share (Rs.)326.84255.24208.86206.26
559.09Dividend/Share (Rs.)23.0015.0012.0013.50
21.00Face Value2222
2Gross Profit Margin (%)58.1739.4036.3144.87
38.31Operating Margin (%)54.6533.4129.7938.38
26.77Net Profit Margin (%)38.5943.9416.9124.32
19.65Return on Networth / Equity (%)29.9723.578.169.58
5.81ROCE (%)30.6512.037.658.29
4.35Return On Assets (%)12.828.233.684.11
3.13Current Ratio (X)1.591.191.611.80
2.04Quick Ratio (X)1.591.191.611.80
2.04Debt to Equity (x)0.000.000.000.00
0.00Interest Coverage Ratios (X)--41.7012.2215.06
18.65Asset Turnover Ratio (%)0.320.210.150.16
0.11Inventory Turnover Ratio (X)0.000.000.000.00
0.003 Yr CAGR Sales (%)107.9078.2243.2828.47
-0.583 Yr CAGR Net Profit (%)161.89166.4829.034.68
-28.88P/E (x)18.9214.808.9417.00
2.05P/B (x)16.7710.312.164.81
1.03EV/EBITDA (x)37.0047.398.6828.16
3.47P/S (x)23.0921.386.3117.18
5.13
Corporate ActionsBSE Limited has a history of corporate actions, including dividends and bonus issues. Recent announcements include:
- Certificate under SEBI (Depositories and Participants) Regulations, 2018: BSE Limited informed the Exchange about this on July 3, 2025.
- Trading Window closure: The Exchange was informed on June 26, 2025, regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.
- Cancellation of Analysts/Investors Meet: BSE Limited informed the Exchange about this on June 23, 2025.
The company has announced a final dividend of Rs 18 per equity share and a special dividend of Rs 5 to commemorate the 150th year of BSE Ltd, both announced on May 6 and May 7, 2025, respectively. The company also announced a bonus ratio of 2:1, with a record date of May 23, 2025.In conclusion, BSE Limited's stock experienced a decline of 2.03% on Thursday, trading at Rs 2,472.50, making it one of the top losers on the Nifty Midcap 150 index.