Financials BSE Limited

Equities

BSE

INE118H01025

Financial & Commodity Market Operators

Market Closed - NSE India S.E. 07:43:47 2024-04-26 am EDT 5-day change 1st Jan Change
3,210 INR +2.00% Intraday chart for BSE Limited +15.96% +44.53%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 31,651 13,363 25,713 127,693 58,378 434,883 - -
Enterprise Value (EV) 1 31,651 -2,840 -4,668 79,162 53,848 434,883 434,883 434,883
P/E ratio 16.2 x 12.1 x - 51 x 26.8 x 72.4 x 50.8 x 40.8 x
Yield 4.91% 5.73% 3.68% 1.43% 2.78% 1.01% 1.47% 1.81%
Capitalization / Revenue 4.85 x 2.19 x 3.93 x 14.8 x 6.12 x 29.7 x 19.6 x 16 x
EV / Revenue 4.85 x 2.19 x 3.93 x 14.8 x 6.12 x 29.7 x 19.6 x 16 x
EV / EBITDA 14.5 x 12.2 x 15.3 x 41.1 x 19 x 73.7 x 42.1 x 32.6 x
EV / FCF -8.33 x 3.72 x -24.2 x 9.06 x -20.8 x 84.6 x 43.6 x 36.2 x
FCF Yield -12% 26.9% -4.12% 11% -4.8% 1.18% 2.3% 2.76%
Price to Book 0.95 x 0.55 x - 4.81 x 2.16 x 14.6 x 13.2 x 12.5 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 3,210 3,210 3,210
Announcement Date 5/7/19 5/21/20 5/13/21 5/11/22 5/11/23 - - -
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 14,644 22,146 27,166
EBITDA 1 2,188 1,094 1,679 3,107 3,068 5,898 10,324 13,356
EBIT 1 1,677 583.4 - 2,624 2,464 5,890 9,871 12,559
Operating Margin 25.71% 9.58% - 30.39% 25.83% 40.22% 44.57% 46.23%
Earnings before Tax (EBT) 1 2,175 1,355 1,094 2,631 2,480 8,857 10,518 12,886
Net income 1 1,993 1,223 1,449 2,543 2,207 8,319 8,541 10,238
Net margin 30.54% 20.07% 22.13% 29.45% 23.13% 56.81% 38.57% 37.69%
EPS 2 12.58 8.190 - 18.51 16.06 44.33 63.17 78.60
Free Cash Flow 1 -3,798 3,589 -1,061 14,098 -2,805 5,141 9,982 11,998
FCF margin -58.21% 58.91% -16.2% 163.26% -29.4% 35.11% 45.07% 44.16%
FCF Conversion (EBITDA) - 328.09% - 453.76% - 87.17% 96.69% 89.83%
FCF Conversion (Net income) - 293.5% - 554.32% - 61.8% 116.87% 117.19%
Dividend per Share 2 10.00 5.667 7.000 13.50 12.00 32.30 47.20 58.18
Announcement Date 5/7/19 5/21/20 5/13/21 5/11/22 5/11/23 - - -
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 4,871
EBITDA 1 - 503.5 700.8 - 834.8 846.3 557.6 555.2 390.2 1,272 1,141 1,166 1,960 2,356
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 1,873
Net margin - 19.16% 28.76% - 28.04% 31.91% 22.28% 14.1% 19.45% 33.59% 163.23% - 36.56% 38.46%
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 - - - - - - - -
Net Cash position - 16,203 30,382 48,531 4,530 - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -3,798 3,589 -1,061 14,098 -2,805 5,141 9,982 11,998
ROE (net income / shareholders' equity) 6.09% 4.57% 5.89% 9.88% 8.24% 18% 26.6% 32.1%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 214.0 180.0 - 196.0 199.0 220.0 243.0 257.0
Cash Flow per Share - - - - - - - -
Capex 1 618 379 382 320 1,434 1,173 1,352 1,598
Capex / Sales 9.47% 6.21% 5.83% 3.7% 15.03% 8.01% 6.1% 5.88%
Announcement Date 5/7/19 5/21/20 5/13/21 5/11/22 5/11/23 - - -
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
BUY
Number of Analysts
6
Last Close Price
3,210 INR
Average target price
2,966 INR
Spread / Average Target
-7.61%
Consensus

Quarterly revenue - Rate of surprise

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