Financial services: approx. 70%
Technology and services: approx. 20%
Other revenues: approx. 10%

TOP 3 Markets:

1. India: approx. 80%
2. USA: approx. 10%
3. United Kingdom: approx. 5%

BSE Limited generates the majority of its revenues from the financial services sector, particularly through stock exchange trading and related services. The Indian market remains the dominant market for BSE Limited, attributed to its strong local presence and the exchange's significance in the national financial system.

The USA and the United Kingdom are also important markets gaining significance due to international investors and trading of Indian securities on these markets. The remaining revenues come from various services offered by BSE Limited, including technological solutions and market data services.

BSE Limited (NSEI:BSE) is not a manufacturing company, but one of the largest stock exchanges in India.

BSE Limited provides financial services and operates the exchange where stocks, bonds, and other financial instruments are traded. Therefore, the company does not produce physical products, but provides a platform for trading securities.

Revenue Growth: Estimate 8-10% annually (2025-2026)

Strategic Orientation:

BSE Limited pursues a strategy focused on digitization and technological innovation to secure future growth. This includes investing in advanced trading platforms and enhancing IT infrastructure to increase the efficiency and security of transactions.

Another key focus is on diversifying the range of financial products and services offered. BSE plans to expand its product portfolio to tap into new markets and customer segments, especially in the derivatives and commodities sector.

Additionally, BSE is leveraging strategic partnerships and alliances to strengthen its international market presence. This involves collaborations with other exchanges and financial institutions to facilitate access to global investors and increase liquidity.

Commodities/Materials: No direct imports

BSE Limited is an exchange and not a manufacturing company, therefore it does not import physical commodities or materials. The main activities of BSE Limited include trading securities, providing financial services, and managing exchange operations.

Since BSE Limited does not require commodities, there are no import data related to physical materials. The exchange focuses on trading and regulating financial instruments rather than physical trading of goods.

Market share: 20% (estimated for 2025)
Trade volume growth: 8% (2024)
Technological investments: 10% of revenue (2024)

BSE Limited, as one of the oldest stock exchanges in Asia, has a significant competitive advantage due to its established market presence and the trust it enjoys from investors. BSE's market share is estimated at around 20%, making it a key player in the Indian financial market.

The company has heavily invested in technological innovations in recent years, accounting for about 10% of its revenue. These technology investments enhance trading infrastructure and increase efficiency, thereby strengthening competitiveness.

In addition, BSE benefits from a diversified product offering that includes not only stocks but also derivatives and other financial instruments. This diversification helps spread risk and meet various customer needs, further solidifying its competitive advantage.

Institutional Investor Share: 38% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in BSE Limited is approximately 38%. This indicates a moderate interest from institutional investors, suggesting a stable market position and confidence in the company's long-term performance.

In 2024, there were no significant insider buys or sells, indicating that the management and other insiders do not currently expect significant changes in the company's value. This can be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of BSE Limited: 15% (2025, estimated)

Main competitors and their market share:

1. National Stock Exchange of India (NSE): 75%
2. Metropolitan Stock Exchange of India (MSEI): 5%
3. Calcutta Stock Exchange (CSE): 3%
4. India International Exchange (INX): 2%

Moat of BSE Limited:

BSE Limited, as one of the oldest exchanges in Asia, has a historical and cultural advantage reflected in an established network and high brand awareness. The moat of BSE lies mainly in its long history, strong brand recognition, and wide range of financial products offered.

However, compared to NSE, the moat is limited as NSE has a significantly larger market share and a stronger technological infrastructure. NSE is known for its advanced trading platforms and its ability to efficiently process large trading volumes, providing a significant competitive advantage.

The other competitors like MSEI, CSE, and INX have a smaller market share compared to BSE and NSE and do not offer a significant moat as they lag behind in terms of liquidity, trading volume, and technological infrastructure.

Overall, while BSE Limited has a certain moat due to its tradition and brand strength, the technological and infrastructural advantage of NSE is currently the dominant factor in the Indian stock market.

Revenue Growth: 8.5% (2024)
Profit Growth: 10.2% (2024)
Market Share: 15% in the Indian stock market sector (2024)

BSE Limited recorded a revenue growth of 8.5% in 2024, attributed to increased trading activity and the introduction of new financial products. Profit growth stood at 10.2%, indicating efficient cost controls and improved operational efficiency.

BSE Limited's market share in the Indian stock market sector is approximately 15%, highlighting the company's position as one of the leading stock exchange operators in India. Continuous investments in technology and infrastructure could further strengthen growth potential.

Given these positive financial developments and strategic market positioning, BSE Limited could present an attractive investment opportunity. However, investors should also consider external factors such as regulatory changes and the overall economic situation in India.

Dividend Yield: 2.5% (estimated for 2025)
Dividend History: Continuous payout over the last five years

BSE Limited has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield of 2.5% for the year 2025 is based on past payouts and the company's financial stability.

The continuous payout over the last five years shows that BSE Limited has a stable earnings position and aims to provide shareholders with an attractive return. This suggests that the company could continue to pay dividends steadily in the future, provided there are no significant economic changes.