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BSE India Valuation Multiples
Discover revenue and EBITDA valuation multiples for BSE India and similar public comparables like Japan Exchange Group, Euronext, Singapore Exchange, TMX Group and more.
BSE India Overview
About BSE India
BSE Ltd operates as a stock exchange and is one of the exchange groups in India. The company operates through one segment namely Stock Exchange Operations i.e. Facilitating Trading in Securities and other related ancillary Services, while generating a majority of its revenues through stock exchange activities. It predominantly provides a trading platform for over 5000 companies that are listed on its exchange. The exchange offers various services such as trading in equity, debt instruments, derivatives, and mutual funds. BSE also offers its customers other services such as risk management, market data services, and educational programs. Geographically, the company generates a majority of its revenue from its customers within India.
Founded
2005
HQ

Employees
771
Website
Sectors
Financials (LTM)
EV
$13B
BSE India Financials
BSE India reported last 12-month revenue of $523M and EBITDA of $334M.
In the same LTM period, BSE India generated $334M in EBITDA and $257M in net income.
Revenue (LTM)
BSE India P&L
In the most recent fiscal year, BSE India reported revenue of $359M and EBITDA of $197M.
BSE India expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $523M | XXX | $359M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $193M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 54% | XXX | XXX | XXX |
| EBITDA | $334M | XXX | $197M | XXX | XXX | XXX |
| EBITDA Margin | 64% | XXX | 55% | XXX | XXX | XXX |
| EBIT Margin | 61% | XXX | 52% | XXX | XXX | XXX |
| Net Profit | $257M | XXX | $153M | XXX | XXX | XXX |
| Net Margin | 49% | XXX | 42% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
BSE India Stock Performance
BSE India has current market cap of $14B, and enterprise value of $13B.
Market Cap Evolution
BSE India's stock price is $34.96.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $13B | $14B | -0.8% | XXX | XXX | XXX | $0.38 |
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Start Free TrialBSE India Valuation Multiples
BSE India trades at 25.7x EV/Revenue multiple, and 40.3x EV/EBITDA.
EV / Revenue (LTM)
BSE India Financial Valuation Multiples
As of April 14, 2026, BSE India has market cap of $14B and EV of $13B.
Equity research analysts estimate BSE India's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
BSE India has a P/E ratio of 55.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV/Revenue | 25.7x | XXX | 37.4x | XXX | XXX | XXX |
| EV/EBITDA | 40.3x | XXX | 68.3x | XXX | XXX | XXX |
| EV/EBIT | 42.0x | XXX | 72.5x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 69.8x | XXX | XXX | XXX |
| P/E | 55.3x | XXX | 93.1x | XXX | XXX | XXX |
| EV/FCF | 47.8x | XXX | 187.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified BSE India Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


BSE India Margins & Growth Rates
BSE India's revenue in the last 12 month grew by 24%.
BSE India's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
BSE India's rule of 40 is 96% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
BSE India's rule of X is 143% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
BSE India Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Margin | 64% | XXX | 55% | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | 68% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 96% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 143% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 24% | XXX | 32% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 12% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
BSE India Public Comps
See public comps and valuation multiples for other Stock Exchanges comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| BSE India | XXX | XXX | XXX | XXX | XXX | XXX |
| Japan Exchange Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Euronext | XXX | XXX | XXX | XXX | XXX | XXX |
| Singapore Exchange | XXX | XXX | XXX | XXX | XXX | XXX |
| TMX Group | XXX | XXX | XXX | XXX | XXX | XXX |
| B3 Bolsa do Brasil | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
BSE India M&A Activity
BSE India acquired XXX companies to date.
Last acquisition by BSE India was on XXXXXXXX, XXXXX. BSE India acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by BSE India
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialBSE India Investment Activity
BSE India invested in XXX companies to date.
BSE India made its latest investment on XXXXXXXX, XXXXX. BSE India invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by BSE India
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout BSE India
| When was BSE India founded? | BSE India was founded in 2005. |
| Where is BSE India headquartered? | BSE India is headquartered in India. |
| How many employees does BSE India have? | As of today, BSE India has over 771 employees. |
| Who is the CEO of BSE India? | BSE India's CEO is Sundararaman Ramamurthy. |
| Is BSE India publicly listed? | Yes, BSE India is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of BSE India? | BSE India trades under BSE ticker. |
| When did BSE India go public? | BSE India went public in 2017. |
| Who are competitors of BSE India? | BSE India main competitors are Japan Exchange Group, Euronext, Singapore Exchange, TMX Group. |
| What is the current market cap of BSE India? | BSE India's current market cap is $14B. |
| What is the current revenue of BSE India? | BSE India's last 12 months revenue is $523M. |
| What is the current revenue growth of BSE India? | BSE India revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of BSE India? | Current revenue multiple of BSE India is 25.7x. |
| Is BSE India profitable? | Yes, BSE India is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of BSE India? | BSE India's last 12 months EBITDA is $334M. |
| What is BSE India's EBITDA margin? | BSE India's last 12 months EBITDA margin is 64%. |
| What is the current EV/EBITDA multiple of BSE India? | Current EBITDA multiple of BSE India is 40.3x. |
| What is the current FCF of BSE India? | BSE India's last 12 months FCF is $281M. |
| What is BSE India's FCF margin? | BSE India's last 12 months FCF margin is 54%. |
| What is the current EV/FCF multiple of BSE India? | Current FCF multiple of BSE India is 47.8x. |
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