In a recent conference call, NSE India shared significant insights regarding its business operations, financial performance & strategic initiatives.
| Quantity | Rate/Share |
|---|---|
| 100 - 1000 | 6138.00 |
| P/E | 21.6 | P/S | 2.45 | P/B | 3.78 |
|---|---|---|---|---|---|
| Industry PE | 30.02 | Face Value | 10 | Book Value | 3059 |
| Market Cap | 68335.69 Cr | Dividend | 0 | Dividend Yield | 0 % |
| Financial Year | Particulars | Record Date | Ratio/Rates/Amount | Remarks |
|---|---|---|---|---|
| 2022-23 | MERGER | 20-Jan-2023 | 1:17 | Aricent Tech will get 1 equity shares of Rs10/shr. for every 17 shares |
About of National Stock Exchange of India Limited
With its registered office situated in Mumbai, Maharashtra, NSE was established in 1992 and is recognised as one of the biggest exchanges globally. It offers a venue for capital raising for businesses and stock market participation for investors. The NSE introduced online trading in 2000, derivatives trading (in the form of index futures) in 1994, and electronic screen-based trading in 1994. These were the first of their kind in India. With regard to our exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions, and financial education programmes, NSE has a completely integrated business model. The NSE also monitors members' and listed companies' adherence to the exchange's rules and regulations through trading and clearing.
Overview of National Stock Exchange of India Limited
1992 saw the incorporation of NSE. SEBI registered it as a stock exchange in April 1993. The wholesale debt market and the cash market segment were introduced shortly after, marking the beginning of the exchange's activities.
1993: India recognises NSE as an exchange
1994: Screen based trading introduced by NSE
2000: The NSE introduced index futures, opening up trade in derivatives in India.
2002: The NSE launched ETFs in India.
2008: The NSE introduced currency futures to India.
2011: Started trading on the FTSE Index index futures and options contracts.
2016: Promoted NSE IFSC, the international stock exchange in India’s first IFSC SEZ at gift city Gandhinagar
2021: The number of NSE registered investors exceeds 5 crore individual investors.
Landscape of exchanges in India
Over the previous 20 years, NSE's market share in cash equities has increased steadily, rising from 63% in FY02 to 81% in FY12 and then to 92% in FY22. Due to an increase in algorithmic (algo) trading with the introduction of co-location facilities in 2009, the company's market share experienced a dramatic surge in the following years.
Revenue Model
Unlike global exchanges, NSE have high dependency on transaction charges: while BSE’s dependence is low due to poor market share.
Transaction Charges
- Charges according to turnover in different categories
- Connected to the volume of market activity, family investments, and savings
Treasury income on clearing and settlement funds
- Income from clearing corporation
- Interoperability related income
- Interest income from SGF gets added to the SGF account
- Linked to interest rates and to an extent market activity since that would lead to more margin being deposited by members
Tech and information solutions
- Colocation, Network, Platform and terminal charges
- primarily consists of charges recovered from members for network connectivity
Services to corporates
- Listing fees
- Book building fees
- Mostly derived from listing income that is not impacted by market activity
- Book Building is linked to primary fund raising
Data dissemination fees
- Live Data feeds to third party aggregators
- Historical data for back testing
- Impacted primarily due to level of subscriptions and revision in pricing policies
Income from Investments and deposits
- Income from own cash (not clients money)
- Linked to investment yields
Other Income
- Recurring in Nature
- Mostly derived from rent and training institution, etc
Low participation in capital markets
An increase in corporate activity is anticipated in the market.
Insights of National Stock Exchange of India Limited
Financial Insights
| Particulars (in Cr.) | FY24 | FY23 | FY22 |
| Total Revenue | 16,352.00 | 12,765.00 | 8,874.00 |
| EBITDA | 11611 | 9428 | 6,499.26 |
| PAT | 8306 | 7356 | 5,198.29 |
| EPS | 167.80 | 148.61 | 105.02 |
| Dividend | 90 | 80 | 42 |
- NSE's revenue in FY24 grew at a compound annual growth rate (CAGR) of 28%, while its profit after tax (PAT) saw a CAGR of 13%
- NSE is rewarding shareholders with a double dose of good news! They've declared a final dividend of Rs. 90 per share (pre-bonus) along with a generous bonus issue of 4 shares for every 1 share currently held.
Segment wise revenue split
The company saw a 59% jump in revenue and a 41% increase in PAT in FY-23 compared to FY-22.
|
Particulars |
FY-23 |
FY-22 |
|
Trading Services |
10173 |
6965 |
|
Colocation Charges |
614 |
433 |
|
Data feed services |
273 |
225 |
|
Listing services |
180 |
184 |
|
Index Licensing Services |
150 |
116 |
|
Strategic Investments |
328 |
256 |
|
Other Segments |
1047 |
695 |
|
Total |
12765 |
8874 |
Balance Sheet of National Stock Exchange of India Limited
Standalone(in ₹ Cr.)
| Category | 31-Mar-2024 | 31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 | 31-Mar-2017 |
|---|---|---|---|---|---|---|---|---|
| Equity | 19361.78 | 16676.41 | 11547.80 | 8169.17 | 6916.08 | 6383.44 | 5970.76 | 5939.64 |
| Liabilities | 7859.18 | 4142.78 | 5173.88 | 3923.03 | 2204.56 | 1914.08 | 1830.15 | 2143.70 |
| Total Equity and Liabilities | 27220.96 | 20819.19 | 16721.68 | 12092.20 | 9120.64 | 8297.52 | 7800.91 | 8083.34 |
| Net Fixed Assets | 1063.62 | 961.97 | 1004.74 | 772.83 | 601.45 | 555.32 | 538.85 | 509.89 |
| Capital Work-in-progress | 18.74 | 79.94 | 122.05 | 38.67 | 46.82 | 25.77 | 42.59 | 101.59 |
| Other Non current Assets | 11974.49 | 6844.30 | 5320.54 | 4577.08 | 4261.41 | 4227.87 | 4310.77 | 3923.07 |
| Current Assets | 14164.07 | 12932.98 | 10274.35 | 6703.62 | 4210.96 | 3488.56 | 2908.70 | 3548.79 |
| Total Assets | 27220.96 | 20819.19 | 16721.68 | 12092.20 | 9120.64 | 8297.52 | 7800.91 | 8083.34 |
Consolidated(in ₹ Cr.)
| Category | 31-Mar-2024 | 31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 | 31-Mar-2017 |
|---|---|---|---|---|---|---|---|---|
| Equity | 23973.88 | 20480.38 | 15418.28 | 11635.95 | 8621.99 | 7788.26 | 7349.56 | 7209.63 |
| Liabilities | 32579.67 | 10800.16 | 20188.30 | 17564.19 | 15518.38 | 12181.24 | 10871.01 | 12280.95 |
| Total Equity and Liabilities | 65464.00 | 31280.54 | 35606.58 | 29200.14 | 24140.37 | 19969.50 | 18220.57 | 19490.58 |
| Net Fixed Assets | 1492.24 | 1444.61 | 1697.51 | 1308.14 | 856.41 | 762.33 | 652.99 | 597.48 |
| Capital Work-in-progress | 31.89 | 53.42 | 90.54 | 46.75 | 114.36 | 99.35 | 65.41 | 113.88 |
| Other Non current Assets | 22068.81 | 12101.24 | 7429.78 | 7420.22 | 5443.78 | 5733.79 | 5595.92 | 5270.79 |
| Current Assets | 45542.69 | 22178.77 | 26388.75 | 20425.03 | 17725.82 | 13374.03 | 11906.25 | 13508.43 |
| Total Assets | 64611.50 | 31280.54 | 35606.58 | 29200.14 | 24140.37 | 19969.50 | 18220.57 | 19490.58 |
Profit and Loss of National Stock Exchange of India Limited
Standalone(in ₹ Cr.)
| Category | 31-Mar-2024 | 31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 | 31-Mar-2017 |
|---|---|---|---|---|---|---|---|---|
| Net Revenue | 13510.54 | 11181.03 | 7762.80 | 4848.29 | 2832.43 | 2450.44 | 2132.72 | 1690.50 |
| Total Operating Cost | 4058.89 | 2734.10 | 2021.06 | 1264.39 | 980.73 | 867.31 | 771.31 | 783.79 |
| Operating Profit (EBITDA) | 9451.65 | 8446.93 | 5741.74 | 3583.90 | 1851.70 | 1583.13 | 1361.41 | 906.71 |
| Other Income | 1448.95 | 1511.16 | 621.80 | 679.84 | 335.38 | 578.31 | 459.51 | 627.91 |
| Depreciation and Amortization Expense | 338.99 | 302.21 | 259.72 | 166.15 | 132.40 | 118.07 | 114.70 | 111.70 |
| Profit Before Interest and Taxes | 10561.61 | 9655.88 | 6103.82 | 4097.59 | 2054.68 | 2043.37 | 1706.22 | 1422.92 |
| Profit Before Tax and Exceptional Items Before Tax | 10561.61 | 9655.88 | 6103.82 | 4097.59 | 2054.68 | 2043.37 | 1706.22 | 1422.92 |
| Exceptional Items Before Tax | -1740.97 | 203.45 | 0.00 | -1822.05 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax | 8820.64 | 9452.43 | 6103.82 | 2275.54 | 2054.68 | 2043.37 | 1706.22 | 1422.92 |
| Income Tax | 2185.33 | 2219.53 | 1482.71 | 488.26 | 494.22 | 653.50 | 544.41 | 389.99 |
| Profit for the Period from Continuing Operations | 6635.31 | 7232.90 | 4621.11 | 1787.28 | 1560.46 | 1389.87 | 1161.81 | 1032.93 |
| Profit for the Period | 6635.31 | 7232.90 | 4621.11 | 1787.28 | 1560.46 | 1389.87 | 1161.81 | 1032.93 |
Consolidated(in ₹ Cr.)
| Category | 31-Mar-2024 | 31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 | 31-Mar-2017 |
|---|---|---|---|---|---|---|---|---|
| Net Revenue | 14780.01 | 11856.23 | 8929.48 | 5624.82 | 3507.93 | 2997.42 | 2609.14 | 2104.26 |
| Total Operating Cost | 3169.39 | 2224.77 | 2430.22 | 1484.14 | 1241.98 | 1073.11 | 832.27 | 899.55 |
| Operating Profit (EBITDA) | 11610.62 | 9631.46 | 6499.26 | 4140.68 | 2265.95 | 1924.31 | 1776.87 | 1204.71 |
| Other Income | 1653.60 | 909.13 | 570.16 | 639.59 | 327.51 | 686.89 | 423.42 | 576.40 |
| Depreciation and Amortization Expense | 439.55 | 384.06 | 338.36 | 226.01 | 180.78 | 142.02 | 125.59 | 118.14 |
| Profit Before Interest and Taxes | 12824.71 | 10156.53 | 6731.06 | 4554.26 | 2412.68 | 2469.18 | 2074.70 | 1662.97 |
| Profit Before Tax and Exceptional Items Before Tax | 12824.71 | 10156.53 | 6731.06 | 4554.26 | 2412.68 | 2469.18 | 2074.70 | 1662.97 |
| Exceptional Items Before Tax | -1740.97 | -203.45 | 90.95 | -155.19 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax | 11084.00 | 9953.08 | 6822.01 | 4399.07 | 2412.68 | 2469.18 | 2074.70 | 1662.97 |
| Income Tax | 2777.80 | 2539.70 | 1714.00 | 891.55 | 640.47 | 868.17 | 735.57 | 555.82 |
| Profit for the Period from Continuing Operations | 8406.48 | 7413.38 | 5108.01 | 3507.52 | 1772.21 | 1601.01 | 1339.13 | 1107.15 |
| Minority interest and profit from associates and joint ventures | -100.54 | 88.50 | 90.28 | 66.20 | 112.31 | 107.03 | 122.34 | 111.67 |
| Profit for the Period | 8305.74 | 7501.88 | 5198.29 | 3573.72 | 1884.52 | 1708.04 | 1461.47 | 1218.82 |
Management of National Stock Exchange of India Limited
ROHIT JAGANNATH GUPTE - Company Secretary
YATRIK RUSHIKESH VIN - Chief Financial Officer
VIKRAM MUKUND LIMAYE - Managing Director
MONA MUKUND BHIDE - Director
SUNDARARAJARAO SUDARSHAN - Director
NARASIMHA MURTHY KUMMAMURI - Director
ANURADHA RAO - Director
GIRISH CHATURVEDI CHANDRA - Director
SUNITA SHARMA - Director
PRAKASH PARTHASARATHY - Director
FAQs of National Stock Exchange of India Limited
-
What Is The Lock-In Period Of most unlisted shares?
The lock-in period of unlisted shares depends on the category of investors
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Bira91 (B9 Beverages Ltd.)
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Bira91 (B9 Beverages Ltd.)
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
This regulation was brought by SEBI in August 2021. The purpose of the regulation change of lower lock-in period, was primarily to promote greater participation and investments before the IPO listing. Hence, PMS< retail investors, institutions can enjoy better liquidity.
-
How Is the Price Calculated?
Unlisted share price determination is also driven by same values – Fundamental values and current demand and supply.
-
What is the minimum investment ticket size for buying Unlisted shares?
We generally address ticket size of Rs 25000 (closest round off).
Press of National Stock Exchange of India Limited
24th May 2024
NSE's Fiscal Triumph: Crossing the $1 Billion Profit Milestone - Altius Investech NSE
NSE excels in FY23-24, surpassing USD 1B in profits. Explore the latest announcements on dividends and bonus shares!
24th May 2024
National Stock Exchange announces bonus issue for 2024
Get the latest insight on the National Stock Exchange on bonus issues and financial results at the upcoming board meeting on May 3, 2024.
Annual Report of National Stock Exchange of India Limited
Company Information of National Stock Exchange of India Limited
ISIN: INE721I01023
Address: EXCHANGE PLAZA, C-1,BLOCK G. BANDRA KURLA COMPLEX BANDRA, EAST, MUMBAI-51. MUMBAI MAHARASHTRA 400051
Email: secretarialdept@nse.co.in
Phone Number: +91-22-26598222
Date of Incorporation: 27-Nov-1992
Date of Last AGM: 25-Aug-2021
Data as Date: 31-Mar-2021
Source of Data: MCA, Toffler, Probe42