Financials BSE Limited

Equities

BSE

INE118H01025

Financial & Commodity Market Operators

Market Closed - NSE India S.E. 07:43:52 2024-05-31 am EDT 5-day change 1st Jan Change
2,694 INR +5.44% Intraday chart for BSE Limited -1.33% +21.28%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 31,651 13,363 25,713 127,693 58,378 364,917 - -
Enterprise Value (EV) 1 31,651 -2,840 -4,668 79,162 53,848 340,811 341,581 338,619
P/E ratio 16.2 x 12.1 x - 51 x 26.8 x 44.4 x 38.7 x 31.2 x
Yield 4.91% 5.73% 3.68% 1.43% 2.78% 1.18% 1.43% 1.93%
Capitalization / Revenue 4.85 x 2.19 x 3.93 x 14.8 x 6.12 x 21.1 x 14.9 x 12.3 x
EV / Revenue 4.85 x -0.47 x -0.71 x 9.17 x 5.64 x 21.1 x 14 x 11.4 x
EV / EBITDA 14.5 x -2.6 x -2.78 x 25.5 x 17.6 x 56.6 x 30.7 x 24.2 x
EV / FCF -8.33 x -0.79 x 4.4 x 5.62 x -19.2 x 101 x 40 x 27.7 x
FCF Yield -12% -126% 22.7% 17.8% -5.21% 0.99% 2.5% 3.62%
Price to Book 0.95 x 0.55 x - 4.81 x 2.16 x 11.5 x 9.21 x 8.6 x
Nbr of stocks (in thousands) 155,367 135,073 135,073 135,268 135,463 135,463 - -
Reference price 2 203.7 98.93 190.4 944.0 431.0 2,694 2,694 2,694
Announcement Date 5/7/19 5/21/20 5/13/21 5/11/22 5/11/23 5/8/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,525 6,092 6,546 8,635 9,539 16,179 24,431 29,639
EBITDA 1 2,188 1,094 1,679 3,107 3,068 6,022 11,109 14,020
EBIT 1 1,677 583.4 - 2,624 2,464 5,067 10,860 13,677
Operating Margin 25.71% 9.58% - 30.39% 25.83% 31.32% 44.45% 46.14%
Earnings before Tax (EBT) 1 2,175 1,355 1,094 2,631 2,480 9,955 11,779 14,665
Net income 1 1,993 1,223 1,449 2,543 2,207 7,784 9,490 11,445
Net margin 30.54% 20.07% 22.13% 29.45% 23.13% 48.11% 38.84% 38.61%
EPS 2 12.58 8.190 - 18.51 16.06 56.66 69.54 86.29
Free Cash Flow 1 -3,798 3,589 -1,061 14,098 -2,805 3,502 8,530 12,241
FCF margin -58.21% 58.91% -16.2% 163.26% -29.4% 24.18% 34.92% 41.3%
FCF Conversion (EBITDA) - 328.09% - 453.76% - 53.63% 76.79% 87.32%
FCF Conversion (Net income) - 293.5% - 554.32% - 41.22% 89.89% 106.96%
Dividend per Share 2 10.00 5.667 7.000 13.50 12.00 31.66 38.60 51.92
Announcement Date 5/7/19 5/21/20 5/13/21 5/11/22 5/11/23 5/8/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 1,700 1,857 - 2,186 2,334 1,977 2,398 2,449 2,715 2,712 2,270 3,678 4,776
EBITDA 1 - 503.5 700.8 - 834.8 846.3 557.6 555.2 390.2 1,272 1,141 1,166 1,960 2,438
EBIT - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 260 370.1 543.2 733.5 660.3 693.8 425.6 358.8 565.5 1,130 5,044 1,042 1,787 2,414
Net income 1 323.7 325.7 534.2 651.4 612.9 744.8 440.4 338.1 476.3 911.8 4,427 - 1,345 1,807
Net margin - 19.16% 28.76% - 28.04% 31.91% 22.28% 14.1% 19.45% 33.59% 163.23% - 36.56% 37.84%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/11/21 5/13/21 8/6/21 11/12/21 2/8/22 5/11/22 8/3/22 11/7/22 2/7/23 5/11/23 8/9/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 16,203 30,382 48,531 4,530 12,271 23,336 26,298
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -3,798 3,589 -1,061 14,098 -2,805 3,503 8,531 12,241
ROE (net income / shareholders' equity) 6.09% 4.57% 5.89% 9.88% 8.24% 18% 26.1% 30.5%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 214.0 180.0 - 196.0 199.0 234.0 293.0 313.0
Cash Flow per Share - - - - - - - -
Capex 1 618 379 382 320 1,434 1,173 1,447 1,690
Capex / Sales 9.47% 6.21% 5.83% 3.7% 15.03% 8.1% 5.92% 5.7%
Announcement Date 5/7/19 5/21/20 5/13/21 5/11/22 5/11/23 5/8/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
2,694 INR
Average target price
3,011 INR
Spread / Average Target
+11.77%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. BSE Stock
  4. Financials BSE Limited