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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.
2005
518
LTM Revenue $352M
LTM EBITDA $183M
$8.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
BSE India has a last 12-month revenue of $352M and a last 12-month EBITDA of $183M.
In the most recent fiscal year, BSE India achieved revenue of $161M and an EBITDA of $128M.
BSE India expects next 12-month revenue of XXX and NTM EBITDA of XXX
See BSE India valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $94.7M | $161M | XXX | XXX | XXX |
| Gross Profit | $50.6M | $58.0M | XXX | XXX | XXX |
| Gross Margin | 53% | 36% | XXX | XXX | XXX |
| EBITDA | $44.7M | $128M | XXX | XXX | XXX |
| EBITDA Margin | 47% | 80% | XXX | XXX | XXX |
| Net Profit | $29.5M | $25.6M | XXX | XXX | XXX |
| Net Margin | 31% | 16% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, BSE India's stock price is INR 5645 (or $66).
BSE India has current market cap of INR 764B (or $8.9B), and EV of INR 697B (or $8.1B).
See BSE India trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.1B | $8.9B | XXX | XXX | XXX | XXX | $1.05 |
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Sign UpAs of April 15, 2025, BSE India has market cap of $8.9B and EV of $8.1B.
BSE India's trades at 23.0x LTM EV/Revenue multiple, and 44.3x LTM EBITDA.
Analysts estimate BSE India's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for BSE India and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $8.1B | XXX | XXX | XXX |
| EV/Revenue | 26.8x | XXX | XXX | XXX |
| EV/EBITDA | 48.5x | XXX | XXX | XXX |
| P/E | 69.2x | XXX | XXX | XXX |
| P/E/Growth | 2.0x | XXX | XXX | XXX |
| EV/FCF | 34.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpBSE India's NTM/LTM revenue growth is 22%
BSE India's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, BSE India's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate BSE India's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for BSE India and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 70% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 187% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 78% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 20% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 43% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ASX | XXX | XXX | XXX | XXX | XXX | XXX |
| Euroxx Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Athens Exchange Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Cboe Global Markets | XXX | XXX | XXX | XXX | XXX | XXX |
| Indian Energy Exchange | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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BSE India acquired XXX companies to date.
Last acquisition by BSE India was XXXXXXXX, XXXXX XXXXX XXXXXX . BSE India acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| 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 518 employees. |
| Who is the CEO of BSE India? | BSE India's CEO is Mr. Sundararaman Ramamurthy. |
| Is BSE India publicy listed? | Yes, BSE India is a public company listed on NSE. |
| 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? | Similar companies to BSE India include e.g. ASX, Euroxx Securities, Athens Exchange Group, Cboe Global Markets. |
| What is the current market cap of BSE India? | BSE India's current market cap is $8.9B |
| What is the current revenue of BSE India? | BSE India's last 12-month revenue is $352M. |
| What is the current EBITDA of BSE India? | BSE India's last 12-month EBITDA is $183M. |
| What is the current EV/Revenue multiple of BSE India? | Current revenue multiple of BSE India is 23.0x. |
| What is the current EV/EBITDA multiple of BSE India? | Current EBITDA multiple of BSE India is 44.3x. |
| What is the current revenue growth of BSE India? | BSE India revenue growth between 2023 and 2024 was 70%. |
| Is BSE India profitable? | Yes, BSE India is EBITDA-positive (as of the last 12 months). |
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