Projected Income Statement: BSE Limited

Forecast Balance Sheet: BSE Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -30,382 -48,531 -4,530 -20,814 -51,839 -90,076 -1,21,181 -1,59,020
Change - -59.74% 90.67% -359.47% -149.06% -73.76% -34.53% -31.23%
Announcement Date 13/05/21 11/05/22 11/05/23 08/05/24 06/05/25 - - -
1INR in Million
Estimates

Cash Flow Forecast: BSE Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 381.9 319.6 1,434 1,313 1,524 2,709 2,727 2,943
Change - -16.31% 348.59% -8.45% 16.09% 77.77% 0.66% 7.92%
Free Cash Flow (FCF) 1 -1,061 14,098 -2,805 27,108 2,578 27,897 30,789 39,784
Change - 1,429.24% -119.9% 1,066.48% -90.49% 982.24% 10.37% 29.22%
Announcement Date 13/05/21 11/05/22 11/05/23 08/05/24 06/05/25 - - -
1INR in Million
Estimates

Forecast Financial Ratios: BSE Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 25.65% 35.98% 32.16% 37.22% 54.21% 65.29% 64.54% 66.68%
EBIT Margin (%) - 30.39% 25.83% 31.32% 50.72% 63.41% 58.64% 60.96%
EBT Margin (%) 16.71% 30.47% 26% 61.53% 51.47% 64.23% 63.39% 65.58%
Net margin (%) 22.13% 29.45% 23.13% 48.11% 40.97% 50.28% 50.96% 51.99%
FCF margin (%) -16.2% 163.26% -29.4% 167.55% 7.96% 56.9% 51.55% 56.55%
FCF / Net Income (%) -73.2% 554.32% -127.1% 348.25% 19.44% 113.18% 101.16% 108.77%

Profitability

        
ROA - - - - 13.36% 20% 20.1% 19.63%
ROE 5.89% 9.88% 8.24% 25.93% 34.23% 46.28% 40.68% 37.29%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 5.83% 3.7% 15.03% 8.11% 4.71% 5.53% 4.56% 4.18%
CAPEX / EBITDA (%) 22.74% 10.29% 46.74% 21.8% 8.69% 8.46% 7.07% 6.27%
CAPEX / FCF (%) -36.01% 2.27% -51.12% 4.84% 59.11% 9.71% 8.86% 7.4%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 2.333 4.5 4 5 23 18.64 27.18 39.12
Change - 92.86% -11.11% 25% 360% -18.97% 45.82% 43.93%
Book Value Per Share 1 - 65.42 66.47 81.33 108.9 150.8 195.3 244.2
Change - - 1.61% 22.35% 33.96% 38.38% 29.56% 25.01%
EPS 1 - 6.17 5.353 18.89 32.06 60.37 74.41 89.9
Change - - -13.24% 252.8% 69.73% 88.32% 23.25% 20.82%
Nbr of stocks (in thousands) 4,05,219 4,05,804 4,06,389 4,06,389 4,11,979 4,11,979 4,11,979 4,11,979
Announcement Date 13/05/21 11/05/22 11/05/23 08/05/24 06/05/25 - - -
1INR
Estimates
2026 *2027 *
P/E ratio 54.7x 44.4x
PBR 21.9x 16.9x
EV / Sales 25.9x 20.8x
Yield 0.56% 0.82%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
3,303.60INR
Average target price
3,161.05INR
Spread / Average Target
-4.32%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. BSE Stock
  4. Financials BSE Limited