15 Days Price Change
Market Cap ₹ 408375Cr.
Current Price ₹ 1650
Lot Size 500
52W High ₹ 1950
ROFR Required
EPS 49.24
P/B 13.5
Face Value 1
Debt to Equity 0
Stock P/E 33.5
Book Value ₹ 122.6
Company
52W Low ₹ 1240
Demat Account Both
ISIN INE721I01024
Valuation
No. of Shares 247.5Cr.
06 May 25
28 Mar 25
21 Mar 25
13 Mar 25
Executive Summary
- Dominant Market Player: NSE holds \~94% share in India's capital market segment and nearly 100% in equity derivatives.
- Global Recognition: Ranked No.1 in derivatives trading (by contracts) and 5th globally by market cap (2025).
- Technological Edge: India’s first fully automated electronic exchange, with wide national reach.
- Strong Financial Performance: Rising free cash flow and increasing EPS.
- Strategic Growth Plans: Focused on new product launches, deeper retail participation, and IPO in 2025
National Stock Exchange of India Limited (NSE), founded in 1992, is headquartered in Mumbai and is India’s leading stock exchange. It was set up by a group of Indian financial institutions at the behest of the Government of India to introduce transparency and efficiency in the capital markets.
NSE was the first exchange in India to introduce a modern, fully automated, screen-based electronic trading platform, making capital markets accessible across the country. It is currently led by MD & CEO Ashish Kumar Chauhan.
As of 2025, NSE ranks:
- #1 globally in derivatives contracts traded
- #3 globally in cash equities by number of trades
- #7 globally in terms of total market capitalization (US$5.13 trillion)
NSE’s flagship benchmark, the Nifty 50, launched in 1996, is widely used by investors globally to track the Indian market.
Shareholding Structure
NSE has a diversified shareholding structure with both domestic and global investors:-
- Domestic: LIC, SBI Capital Markets, Veracity Investments, Stock Holding Corp. of India
- Global: SAIF II SE (Mauritius), Aranda Investments (Mauritius), PI Opportunities Fund
Market Landscape & Reach
- 2,799+ VSAT terminals across 1,500+ cities
- Covers 21% of global derivatives contracts traded
- 1,940 companies listed with ~INR 203 trillion in market cap
Why NSE is an Attractive Investment Opportunity?
- Monopoly-like dominance in derivatives & high equity market share
- India growth story: Rapid retail participation (22 Cr+ investor accounts)
- Product Innovation: Constant pipeline of new offerings (e.g., T-Bills, SDLs, global index derivatives)
- Technological Strength: Scalable, secure infrastructure
- Strong Financials: High FCF, increasing EPS, and AAA-rated clearing corp (NCL)
SWOT Analysis
Strengths:-
- Monopoly in market leadership (derivatives and equities)
- Pan-India infrastructure
- Strong institutional and retail investor trust
Weaknesses:-
- Limited international listing base
- High regulatory oversight
Opportunities:-
- IPO listing in 2025
- Growing fintech collaboration
- Deepening retail and global investor base
Threats:
- Global market volatility
- Geopolitical uncertainty
- Policy and regulatory shifts
- Cybersecurity risks in tech-driven infrastructure
Historical Milestones & Product Innovation
- 2000: Index futures launched (NIFTY 50)
- 2008: Currency futures in USD-INR launched
- 2011: Global index derivatives (S&P 500, Dow Jones) introduced
- 2012: FTSE 100 derivatives launched in India
- 2013: Interest Rate Futures and Debt Trading Platform introduced
- 2021: Derivatives on Nifty Financial Services Index launched
Product Offerings
Equity:
- Stocks, Indices, ETFs, Mutual Funds, IPOs, SLB (Securities Lending & Borrowing)
Derivatives:
- Equity Derivatives (Futures & Options)
- Currency Derivatives (USD, Euro, GBP, JPY)
- Commodity Derivatives
- Interest Rate Futures (GOI Bonds)
Debt:-
- Corporate Bonds
- Government Securities
- Retail Debt Participation
Competitive Strength:
NSE is largest exchange of the world’s sixth largest economy 'India'. NSE continued to enjoy a market share of around 94% in the Capital Market segment with a near 100% market share in the Equity Derivatives segment.
Exchange covers 21% of the global derivatives market on the basis of contracts traded.
NSE has more than 2799 VSAT terminal which cover more than 1500 cities of India.
NSE continued to be the preferred platform for raising capital. With 1,940 companies listed on NSE with a market capitalization of ~INR 203 trillion, NSE continued to be the premier Exchange in the country.
Free cash flow of the company is significantly increasing with the increase in EPS of the company.
NSE has introduced several new products such as trading of T-bills and SDLs in Capital Market Segment
NSE Clearing Limited (NCL) has been regularly rated AAA by CRISIL for more than a decade now. It is the strongest clearing corporation in the country with sound financial track record. It has a Core Settlement Guarantee Fund (Core SGF) of more than Rs 3,500 crores as on March 2021.
Company is continuously innovating its products, recently in January 2021 NSE launched derivatives on Nifty Financial Services Index.
Promoters and ShareHolding Pattern:
Peer Comparison:
Financials:
Source: Company Filing Form AOC-4
Source: Company Filing Form AOC-4
Source: Company Filing Form AOC-4
Source: Company Filing Form AOC-4
Valuations:
NSE's stock surged 74% in last 1 year, from Rs. 950 to Rs.1950 on account of good financial resuts, increased investor participation and record numbers of IPO listings.
Its revenue witnessed at 34% CAGR growth in last 5 years, followed by 73% in EBITDA margin & 58% in PAT margin, which backs its share price trend.
NSE's ROE & ROCE fell from 51% & 56% to 37% & 45% in FY24, which might make investor skeptical about its future growth.
NSE is the #1 derivative exchange in the world, even ahead of NYSE and holds 95%< share in the indian stock exchange market into various segments such as Cash, futures, options, interest rate derivatives etc.
NSE has over 21 crore (210 million) total accounts registered, including all client registrations. This includes over 11 crore (110 million) unique investors which shows increased investor awarness & bright prospect of NSE from here on.
Yes trading in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market through various platforms like Sharescart.com.
No, SEBI does not regulate the unlisted share market but certain rules and regulations of SEBI are applicable in the unlisted market space as well, such as, the DP charges for each transaction, stamp duty, lock-in period and more.
You will get the best price for National Stock Exchange and a hassle-free buying experience only on Sharescart.com platform.
National Stock Exchange's unlisted shares can be easily purchased at Sharescart.com by following a few easy steps. Given below are the steps involved in the buying of these shares:
Step 1 - Confirm the number of shares you want to buy/sell of at the trading price.
Step 2 - Submit necessary documents like the Client Master Report (CMR) or additional documents (PAN, canceled cheque) if using a secondary bank account.
Step 3 - Transfer the trade amount to the account details shared by Sharescart.com.
Step 4 - Shares of will reflect in your Demat account within 24 hours after full payment (subject to holidays).
National Stock Exchange's unlisted shares can be easily sold at Sharescart.com by following a few easy steps. Given below are the steps involved in the of selling of these shares:
Step 1- Confirmation on the number of shares you want to sell of National Stock Exchange and at what price you want to sell.
Step 2- At Sharescart, we will find a suitable buyer for you according to your requirements and if you accept the trade we will move on to the transfer and the payment aspect of the trade.
Step 3- The Sharescart representative will provide you with the Demat account details to transfer your National Stock Exchange shares. They will also notify you about the additional details required from your end before the transfer of shares such as client master copy, delivery instruction slip, and more.
Step 4- Once the transfer is complete, the payment would be credited to your bank account within 24 hours, depending on the holidays.
Over the years, the minimum ticket size for investment has dropped as more and more people have started investing in the Unlisted market. Currently, the minimum ticket size for National Stock Exchange is between 743,000 to 908,000.
Brokers or dealers provide you with a trading facility means you can buy and sell shares with your broker but when you buy shares the Depository holds your shares. There are mainly two depositories NSDL and CDSL.
If you want to check your shares in NSDL and CDSL you need to download the application (NSDL Speede App or CDSL myeasi).
The taxation on the National Stock Exchange shares may vary depending on 2 Factors:
Short-term capital
Unlisted shares - In unlisted shares, the taxation of short-term capital gain i.e. less than 24 months is taxable according to the investor's income tax slab.
Listed Shares - In listed shares, the taxation for short-term capital gains i.e. less than 12 months is at 20% without indexation benefits.
Long-term capital
Unlisted shares - The taxation for long-term capital gain i.e. more than 24 months is taxable at 12.5% without indexation benefits.
Listed Shares - The taxation for long-term capital gains i.e. more than 12 months is at 12.5% after an exemption of 1.25 lakh.
According to the current rule issued by SEBI last year in August 2021, the lock-in period is brought down from 1 year to 6 months. This was done to entice more investors to invest their money in pre-IPO companies and startups. The lock-in period of National Stock Exchange varies depending on which type of investor you are:
You can check daily share prices of companies on our website or register with us using your phone number where you will get daily whatsapp updates on company news and other essential informations.
Sell or Purchase Share (Tentative Price)
Naval Goel 7 days
whats the growth expected?
Harsh Rajuka 5 days
Hi Naval, as per our analysis we expect NSE to deliver around 15% CAGR for next 3 years in base case scenario & 23% CAGR in best case scenario.
GOPAL THAKOR 2 months
At what price it is available?
Harsh Rajuka 2 months
Hi Gopal, NSE shares are available at Rs. 1870. If you are interested to buy kindly raise a callback request and we will help you with your purchase.
Harsh Rajuka 3 months
Dear Investors, Kindly beware of such unverified accounts selling shares through our discussion board. Sharescart is not liable in case of any loss if you buy shares from any third party comment. Be safe, Invest smart!!
Dinesh Kumar 3 months
Payment to be made to broking company.
Ashish Goyal 6 months
Hi buddy
Ashish Goyal 6 months
Give your contact details, I have to discuss some thing with you
Manzar athar 6 months
Hi
Ramanand Prasad Chourasia 6 months
What are the procedure for NSE shares purchase, do I have to make the payment to Third party or to Sharescart only.
Shiva Chaudhary 6 months
For purchasing NSE's shares you will have to make a payment to a third party but completely under the guidance and protection of Sharescart.com. You will also recevice a detailed documentation over email. To know more refer the below video: https://www.youtube.com/watch?v=TxJZfBEWFcU
Vikas yadav 7 months
srivallabha 7 months
the price@8k is for lot price or 1 share value,likewise the price for other shares is also the same per share or cumulative price please revert back
Shiva Chaudhary 7 months
The price displayed is per share value
Sandip Kolhe 7 months
If I buy shares tomorrow when those shares are credited to my d-mat account and will I be eligible for bonus
Shiva Chaudhary 7 months
If you buy NSE's shares, it will take 2-3 months of period for Delivery. It is because the Background Verification NSE does on all of its investors due to ROFR clause
Mallesh 10 months
If I buy shares tomorrow when those shares are credited to my d-mat account
Umesh Kumar 10 months
Yes, the shares will be credited to your demat account. However, for NSE shares, the process may take 2-3 months due to the Right of First Refusal (ROFR) requirement. All your documents will be sent to NSE for approval, and once they approve, the shares will be transferred to your demat account.