EduInvesting.in | May 15, 2025
While most people were busy watching Raymond lose its pants (demerger), BSE Ltd quietly printed money in Q4, flexing a jaw-dropping 364% YoY jump in net profit.
That’s right — the very exchange where you trade other multibaggers just became one itself.
So, for everyone who thought BSE was just that old, sleepy cousin of NSE — it’s time for a re-rate. And a standing ovation.
💰 The Numbers Are Not Joking
| Metric | Q4 FY25 | Q4 FY24 | YoY Change |
|---|---|---|---|
| Net Profit | ₹493.79 Cr | ₹106.16 Cr | 🔼 364% |
| Total Income | ₹916.97 Cr | ₹539.2 Cr | 🔼 70% |
| Operating Profit | ₹634.06 Cr | ₹124.5 Cr | 🔼 409% |
| Operating Margin | 69.15% | ~23% | Rocketed 🚀 |
Yes, BSE has gone full beast mode. It now makes more money than some unicorns trying to raise their Series Z.
🧨 Why Did This Happen?
Because trading is booming, and BSE is:
- Charging more fees
- Processing more trades
- Offering new services (like small-cap indices, derivatives, etc.)
- And basically taking a cut from every retail dream and F&O nightmare
So every time your stop-loss gets hit — just remember, BSE thanks you for your service.
🧾 Bonus Time: ₹23 Dividend Bonanza
What’s better than profits? Sharing profits.
- ₹18 per share = regular dividend
- ₹5 per share = special 150th-anniversary dividend 🎉
Yes, they turned 150 and instead of cutting a cake, they dropped a payout bomb. If you held the stock, you’re getting paid just for existing.
🚀 The Stock Went Berserk
BSE hit a fresh all-time high of ₹7,210, and is now:
- Up 91% since March lows
- Close to ₹1 lakh crore market cap
- The kind of stock that makes investors go: “Why didn’t I buy this in 2022 instead of that vegan IPO scam?”
This isn’t just momentum — it’s a structural re-rating of an exchange that’s finally eating NSE’s lunch (at least in smallcaps and derivatives).
📈 What Are Analysts Saying?
- Motilal Oswal: ₹7,600 target
- Nuvama: ₹7,200 target
- EduInvesting: “This is the cleanest monopoly stock since IRCTC went digital.”
And remember — BSE doesn’t have receivables. You pay before you play. It’s a perfect cash machine.
🔍 Should You Buy Now?
Only if you enjoy high-quality, cash-rich, dividend-paying platform businesses that grow with India’s financialization boom.
Seriously, BSE is:
- A regulated monopoly
- Running multiple engines (equities, debt, SME, derivatives)
- Now adding AI-based surveillance and risk engines
- And about to become a case study in quiet compounding
⚠️ Risks? Yeah, a Few.
- Still tiny compared to NSE in volumes
- SEBI can regulate fees
- Tech glitches (though rare) can impact trust
- Derivatives biz is still catching up
But honestly, if you’re buying for long-term India story + market penetration + platform scale… it’s hard to find better at this price.
🧠 EduVerdict:
BSE is no longer just the place you list. It’s the place you own.
Whether you’re a trader burning cash on options, or an investor sipping chai — BSE is profiting either way.
And with a ₹494 crore profit quarter and a ₹23/share payout, it’s not just in the business of stocks.
It IS the stock.
