NSE India Limited
₹2323.0
Company Name
NSE India Limited
NSE India Limited
ISIN No.
INE721I01024
INE721I01024
PAN No.
AAACN1797L
AAACN1797L
Face Value
₹1
₹1
EPS
₹NA
₹NA
PE Ratio
48.23
48.23
P/S Ratio
0
0
Market Cap
₹₹ 5,87,813
₹₹ 5,87,813
Book Value
₹₹ 122.64
₹₹ 122.64
P/BV
19.37
19.37
52 W High
₹₹ 6,200
₹₹ 6,200
52 W Low
₹1665
₹1665
Lot Size
₹250
₹250
Lifetime High
₹NA
₹NA
Lifetime Low
₹NA
₹NA
Sector
Marketplace
Marketplace
CIN
U67120MH1992PLC069769
U67120MH1992PLC069769
Registration Date
27/11/1992
27/11/1992
About
About NSE India Limited (Unlisted Shares)
The National Stock Exchange of India Ltd. (NSE) is India’s premier stock exchange and ranks as the second-largest globally by number of equity share trades (January–June 2018), as per the World Federation of Exchanges (WFE).
Established with the vision of m... Read More
Financials (Figures in Cr)
P&L Statement
| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 8929 | 11856 | 14780 | 17141 |
| Cost of Material Consumed | 0 | 0 | 0 | 0 |
| Gross Margins | 100 | 100 | 100 | 100 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Employee Benefit Expenses | 689 | 366 | 460 | 672 |
| Other Expenses | 1740 | 1859 | 2709 | 3588 |
| EBITDA | 6500 | 9631 | 11611 | 12881 |
| OPM | 72.8 | 81.23 | 78.56 | 75.15 |
| Other Income | 570 | 794 | 13 | 3722 |
| Finance Cost | 0 | 0 | 0 | 0 |
| D&A | 338 | 384 | 439 | 547 |
| EBIT | 6162 | 9247 | 11172 | 12334 |
| EBIT Margins | 69.01 | 77.99 | 75.59 | 71.96 |
| PBT | 6912 | 10041 | 11184 | 16057 |
| PBT Margins | 77.41 | 84.69 | 75.67 | 93.68 |
| Tax | 1714 | 2540 | 2778 | 3869 |
| PAT | 5198 | 7501 | 8406 | 12188 |
| NPM | 58.21 | 63.27 | 56.87 | 71.1 |
| EPS | 105.01 | 151.54 | 169.82 | 49.24 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 72.8 | 81.23 | 78.56 | 75.15 |
| Net Profit Margin | 58.21 | 63.27 | 56.87 | 71.1 |
| Earning Per Share (Diluted) | 105.01 | 151.54 | 169.82 | 49.24 |
Balance Sheet
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 1129 | 1007 | 1004 | 1168 |
| CWIP | 90 | 98 | 32 | 51 |
| Investments | 12856 | 17305 | 10471 | 30982 |
| Trade Receivables | 1614 | 1589 | 1865 | 1512 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Assets | 19918.5 | 16565 | 52092 | 35754 |
| Total Assets | 35607.5 | 36564 | 65464 | 69467 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 49.5 | 49.5 | 49.5 | 247.5 |
| FV | 1 | 1 | 1 | 1 |
| Reserves | 11635 | 20429 | 23925 | 30105 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 0 | 262 | 332 | 452 |
| Other Liabilities | 23923 | 15823.5 | 41157.5 | 38662.5 |
| Total Liabilities | 35607.5 | 36564 | 65464 | 69467 |
Cash-Flow Statement
| Cash-Flow Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| PBT | 6912 | 9913 | 11104 | 16208 |
| OPBWC | 6306 | 9314 | 9133 | 790 |
| Change in Receivables | -646 | -216 | -298 | 349 |
| Change in Inventories | 0 | 0 | 0 | 0 |
| Change in Payables | 108 | 54 | 71 | 117 |
| Other Changes | 1686 | -5059 | 24781 | 6488 |
| Working Capital Change | 1148 | -5221 | 24554 | 6954 |
| Cash Generated From Operations | 7454 | 4093 | 33687 | 7744 |
| Tax | -1622 | -2358 | -3943 | -3653 |
| Cash Flow From Operations | 5832 | 1735 | 29744 | 4091 |
| Purchase of PPE | -599 | -406 | -470 | -1305 |
| Sale of PPE | 0 | 3 | 1 | 30 |
| Cash Flow From Investment | -4185 | -3217 | -8336 | -5558 |
| Borrowing | 0 | 0 | 0 | 0 |
| Dividend | -1224 | -2079 | -3959 | -4454 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | -34 | -21 | -35 | -146 |
| Cash Flow from Financing | -1258 | -2100 | -3994 | -4600 |
| Net Cash Generated | 389 | -3582 | 17414 | -6067 |
| Cash at the Start | 9169 | 9557 | 5975 | 23389 |
| Cash at the End | 9558 | 5975 | 23389 | 17322 |
FAQs
Lock-in Period for NSE India Limited Unlisted Shares
The lock-in period for NSE India Limited unlisted shares depends on the type of investor, as per SEBI regulations introduced in August 2021:
Venture Capital Funds (VCFs) / Foreign Venture Capital Investors (FVCIs):
A lock-in period of 6 months from the date of acquisition.
Alternative Investment Funds – Category II (AIF-II):
No lock-in period applies to these investors.
Retail Investors, High Net-worth Individuals (HNIs), and Body Corporates:
A lock-in period of 6 months from the date of IPO listing of NSE India Limited.
This rule, revised from the previous 1-year lock-in, was introduced to promote pre-IPO investments, especially in high-potential companies approaching public offerings. Since then, many Portfolio Management Services (PMS) have actively encouraged clients to consider unlisted or pre-IPO shares as a strategic investment opportunity for early-stage exposure and potential upside.
Long-Term Capital Gains (LTCG) on Unlisted Shares – Updated as per Budget 2024
Long-Term Capital Gains (LTCG) refer to profits earned from the sale of unlisted shares held for more than two years. Recent updates in Budget 2024 (effective from 23rd July 2024) have introduced key changes in taxation policies that impact investors significantly.
🔹 1. Revised Tax Rate
Earlier LTCG Tax Rate: 20%
New LTCG Tax Rate (w.e.f. 23rd July 2024): 12.5% (flat)
🔹 2. Removal of Indexation Benefit
Previously, investors could adjust the purchase price using inflation (indexation) to reduce taxable gains.
Budget 2024 has removed this benefit, meaning LTCG will now be calculated on actual profits without inflation adjustment.
🔹 3. Eligibility & Applicability
Applicable on unlisted shares held for more than 24 months.
Applies to all categories of investors, including HNIs, retail investors, AIFs, and PMS clients.
🔹 4. New Calculation Method
From 23rd July 2024, LTCG on the sale of unlisted shares will be taxed at a flat 12.5% rate, without indexation.
Example: If you purchased shares for ₹1,000 and sold them for ₹2,000 after 2+ years, tax would be 12.5% on ₹1,000 gain (i.e. ₹125).
🔹 5. Impact on Investment Strategy
This change is expected to influence pre-IPO investment strategies.
Investors must now re-evaluate holding periods, exit timing, and post-tax returns when investing in unlisted shares.
Submit Required Documents:
To initiate the purchase, you need to provide the following:
PAN Card
Aadhaar Card
Cancelled Cheque (from your registered bank account)
Client Master List (CML) from your Demat account (NSDL/CDSL)
Confirm Order & Payment:
Once the documents are verified, you will receive payment instructions.
You are required to make full payment upfront via bank transfer or cheque.
Share Transfer Process:
After payment confirmation, the shares will be transferred to your Demat account.
This process is usually completed within 2–3 working days.
Acknowledgement:
You will receive a confirmation from the depository (NSDL/CDSL) once the shares are successfully credited to your account.
Once all required documents (PAN, Aadhaar, cancelled cheque, and CML) and full payment are received, the purchase process is quick and efficient.
The shares are usually transferred to your Demat account within 2 to 4 working days.
Timely document submission and payment ensure a smooth and swift transaction.
There are no additional costs or hidden charges involved in buying NSE unlisted shares apart from the per-share price.
The only payment required is the total amount based on the agreed share price and quantity.
All taxes and transfer charges are typically included in the quoted price.
To complete the purchase of NSE unlisted shares, the following documents are required:
PAN Card – For identity and tax compliance
Aadhaar Card – As proof of address and KYC
Cancelled Cheque – For verifying your bank details
Client Master List (CML) – Issued by your broker or depository, containing your Demat account details
These documents are essential for KYC verification and seamless share transfer to your Demat account.
The price of NSE unlisted shares is determined by market demand and supply in the unlisted space.
Key factors influencing the price include:
Company fundamentals (Revenue, PAT, growth, ROE, etc.)
Recent transactions or deals in the unlisted market
Investor sentiment and IPO expectations
Valuation trends and market cap
Since NSE is not yet listed, prices are negotiated between buyers and sellers and may vary slightly across platforms.
Investing in unlisted shares, including NSE India, involves certain risks:
Liquidity Risk:
Unlisted shares are not traded on stock exchanges, making them harder to buy or sell quickly.
Regulatory Delays:
IPO timelines may get delayed due to regulatory or legal issues, affecting exit plans.
Valuation Uncertainty:
Prices are not regulated and may vary across platforms, leading to inconsistent valuations.
Limited Disclosures:
Unlike listed companies, unlisted firms are not obligated to disclose detailed financials regularly.
Lock-in Period:
Certain investor categories face a lock-in period post-IPO listing, delaying the ability to sell.
Despite these risks, many investors choose NSE unlisted shares for their strong fundamentals and long-term growth potential.
