Let's break down BSE (BSE) — from its financial performance to how the market is valuing the stock.
BSE Revenue Trend
A 115.7% jump in revenue took BSE's top line to ₹2,957 Cr in FY2025.
Revenue has compounded at 29.5% per year over the past 8 years, from ₹374 Cr to ₹2,957 Cr. This is robust top-line growth by any measure.
A ₹2,957 Cr revenue base makes BSE a mid-sized name in the Indian miscellaneous sector.
BSE has posted revenue growth for 6 consecutive years — that's a sustained trend, not a one-off.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹2,957 Cr | +115.7% |
| FY2024 | ₹1,371 Cr | +68.1% |
| FY2023 | ₹816 Cr | +9.7% |
| FY2022 | ₹743 Cr | +48.2% |
| FY2021 | ₹501 Cr | — |
View BSE's full 10-year revenue trend with CAGR analysis →
BSE Profitability
Earnings came in strong at ₹1,326 Cr for FY2025, marking a 70.3% gain over the ₹778 Cr posted in FY2024.
Margins came under pressure in FY2025, with net profit margin dropping to 44.8% from 56.8%.
Diluted EPS stood at ₹32.18 in FY2025, compared to ₹18.89 in FY2024.
Is BSE Undervalued
Under the P/E Ratio approach, BSE's estimated fair value is ₹1,987 (49.9% downside).
BSE shares are currently trading at ₹3,966.10.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹1,987 | 49.9% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for BSE with detailed assumptions →
BSE Shareholding Pattern
BSE is a widely held company with no promoter group. Ownership is distributed across institutional and public shareholders.
The FII stake is at 19.4% as of March 2026, compared to 13.0% in the year-ago period.
As of March 2026, DIIs own 25.1% of the company — up from 11.7% a year earlier.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 0.0% | 19.4% | 25.1% | 55.4% |
| Dec 2025 | 0.0% | 17.4% | 23.7% | 58.7% |
| Sep 2025 | 0.0% | 16.2% | 19.9% | 63.8% |
| Sep 2024 | 0.0% | 13.0% | 11.7% | 52.4% |
Track quarterly shareholding changes for BSE →
BSE Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹103.42B, up 9.4% YoY from ₹94.50B.
Other Assets accounts for 51.2% of the total, ahead of Cash & ST Investments (29.7%) and Investments (12.8%).
Capital structure: 44.2% equity, 0.0% debt, 55.8% operating liabilities. Over the year, debt is up 0.0% and equity is up 32.5%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 30.72B |
| Receivables | 3.10B |
| Property, Plant & Equipment | 2.63B |
| Investments | 13.25B |
| Intangibles & Goodwill | 770.70M |
| Other Assets | 52.96B |
| Category | Value |
|---|---|
| Equity | 45.76B |
| Long-term Debt | 200,000 |
| Trade Payables | 1.14B |
| Other Liabilities | 56.52B |
BSE Stock Analysis
In summary, BSE (BSE) presents the following picture for fundamental analysts.
Revenue of ₹2,957 Cr in FY2025, up 115.7% year-over-year.
Long-term revenue has been compounding at 29.5% annually over 8 years.
The company is profitable, with a net margin of 44.8% and net income of ₹1,326 Cr.
The P/E Ratio model implies 49.9% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Craytheon's full analysis of BSE goes deeper: three valuation models, growth metrics, and 10 years of financial data.