National Stock Exchange (NSE) is the India’s first electronic stock exchange. It started operations in 1994 and has very large market share in trading, clearing and settlement, indices and market data.
NSE makes money from these 4 major streams
Revenue Share
Raised 2.4L Cr. in Equity
Raised 11.4L Cr. in Debt
World’s largest derivatives exchange
Revenue growth @ 33% CAGR
PAT growth @ 35% CAGR
Share Capital – NSE has 49.5 Cr shares of Rs. 1 each.
| Category | No. of shareholders in each category | % of the category | No. of shares | % to the total paid up equity capital |
|---|---|---|---|---|
| Individuals | 11,239 | 84.37 | 8,01,69,291 | 16.20 |
| Corporates-Listed | 35 | 0.26 | 78,26,050 | 1.58 |
| Corporates-Unlisted | 1,143 | 8.58 | 7,65,72,625 | 15.47 |
| Financial Institutions/Banks | 5 | 0.04 | 2,26,03,317 | 4.57 |
| Insurance Companies | 12 | 0.09 | 9,57,79,750 | 19.35 |
| Venture Capital Fund/AIFs | 10 | 0.08 | 1,82,82,675 | 3.69 |
| Foreign holding | 374 | 2.81 | 18,08,84,746 | 36.54 |
| Hindu Undivided Family | 298 | 2.24 | 13,26,228 | 0.27 |
| Trust | 205 | 1.54 | 1,15,85,118 | 2.34 |
| Total | 13,321 | 100.00 | 49,50,00,000 | 100.00 |
Life Insurance Corporation of India is the largest shareholder at 10.72%. Together, institutions hold 81%.
NSE issued bonus @ 4 for every 1 share. Now the share capital stands at 247.5 Cr shares of Re.1 each.
H1-2024 Highlights
▪ Total Revenue up by 35% YoY to Rs.9,974 Cr.
▪ Net Profit up by 48% YoY at Rs.5,704 Cr.
▪ Earnings per share: Rs.23.05 (non-annualized; post bonus)
▪ Return on Equity: 40%
▪ Net worth Rs. 26,546 Cr. (as on Mar’24, Rs. 23,974 Cr.)
Market Growth
Volume Growth
Market Share
Summary:
|
Market Share ▪ 93% in Equity Cash ▪ 99.9% Equity Futures ▪ 90% Equity Options (Premium value) |
Global Ranking ▪ #1 - Multi-asset Class Exchange (Trades) ▪ #1 Derivatives Exchange (Contracts Traded) ▪ #3 Equity Exchange (Number of Trades) |
|
▪ Investor base increased about 3x from FY19-20 ▪ Market Cap increased to ~ Rs. 384 Lakh Cr. |
▪ Financialization of assets benefits NSE directly ▪ Strong balance sheet with 70% margin business |
