Sharescart Research Club logo
Apollo Green Energy 152 (2.7%)AVPL 49 (0%)BOAT 1250 (-7.4%)Care Health Insurance 155 (0%)CSK 205 (17.8%)GFCL EV Product LTD 44 (-2.2%)Goodluck Defence 372 (-1.6%)Goodluck Green Energy 138 (-2.8%)Groww 130 (0.0%)Hero Fincorp 1275 (0%)Hinduja Leyland Finance 265 (0%)HPX India 33 (0%)Innov8 Workspaces India Ltd 58 (3.6%)Kannur International Airport 125 (0%)Manipal Cards 435 (0%)Matrix Gas and Renewables 36 (38.5%)Motilal Oswal 13.25 (0%)MSEI 3.15 (0%)NCDEX 440 (-4.3%)NSE India 1875 (-2.1%)Onix Renewable 84 (-11.6%)Orbis Financial 485 (-2%)OYO 28 (0%)OYO Assets 28 (0%)Parag Parikh Financial Advisory 17500 (-0.6%)Pharmeasy 6.95 (0%)Pine Labs Pvt Ltd 292 (0.0%)PolicyX 62 (0%)Polymatech Electronics Pvt Ltd 68 (0%)RRP S4E Innovation 345 (-1.4%)Taparia Tools Ltd 6050 (0%)

15 Days Price Change

Powered by millions of dreams, hopes and aspirations, India today is brimming with potential. At NSE, they are driven by this ambition that makes India charge ahead and take a more prominent place on the global stage. They aim to catalyze India's growth story by creating investment opportunities, enabling access and empowering their stakeholders. They work harder, smarter and faster to deliver impact across the investment ecosystem. In a world that changes shape by the second, they constantly reinvent themselves to redefine the future. Their ambition gives them direction. It pivots, and propels them. It is the leap they take from today, towards a brighter tomorrow.

NSE - National Stock Exchange's Unlisted Share Price are updated on our website on a daily basis. To stay updated, visit our website regularly or register with us for WhatsApp updates.

Read more...

NSE India Investment Thesis

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

 

Company Overview

 

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 holds 54% of avg dividend yield in last 3 years.
  • 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.

  • NSE has manitained an avg PE of 29x in last 5 years & current PE of 33x, which is quite low compared to its high growth prospect, market share hold and robust financials.
  • The 15% fall in NSE's share in last 1 month from its 52 week high, makes its current valuation attractive for a long-term investment.

Key Financials

Market Cap ₹ 464063Cr.

Current Price ₹ 1875

Lot Size 100

52W High ₹ 2400

EPS 49.24

P/B 15.3

Face Value 1

Debt to Equity 0

Stock P/E 38.1

Book Value ₹ 122.6

Company

52W Low ₹ 1580

Demat Account Both

ISIN INE721I01024

Valuation

No. of Shares 247.5Cr.

NSE India Unlisted Share Price

₹ | |

Price

Discussion Board

User
Kiran Hassan Gowdaiah
After the buy will the shares reflect in the demat account?
1 | | 4 months
    User
    Manika Bhalla
    Hi Kiran\r\nyour shares will be reflected in your demat account in T+1 day.
    | | 4 months
User
Shariff
From ₹740 in 2021 to ₹2,400 in 2025 (ex-bonus), NSE’s unlisted shares have delivered significant returns, quietly outperforming the broader market. 🪔 Why are investors paying attention now? ✅ India’s largest stock exchange has proposed a ₹1,600 crore settlement to close a major legal matter — a critical step toward its IPO. ✅ SEBI’s NOC (no-objection certificate) is expected once settlement approval is granted. ✅ A high-powered committee is already reviewing the proposal. ✅ The IPO — potentially timed for Diwali — could be one of India’s largest and most iconic listings. Adding to the excitement, a prominent investor (the owner of DMart) has just increased their stake by 1.8%, signaling strong institutional confidence in NSE’s prospects. 📈 Key Takeaways Strong past performance Regulatory clarity progressing Large institutional backing Major IPO opportunity on the horizon Of course, every investment carries risks. But with these positive signals, many investors are revisiting their outlook on NSE’s unlisted shares.
| | 4 months
    User
    Harsh Rajuka
    Hi Shariff, thanks for sharing your opinion. Stay tuned for more.
    | | 4 months
User
Vijay chudasama
Can I buy 1 share of nse
| | 5 months
    User
    Harsh Rajuka
    Hi Vijay, you have to place order of minimum 50 shares. If you are interested to buy kindly give a call at 9289526490, and our team will help you with the purchase.
    | | 5 months
User
Keerthan R Varma
Can I buy at ₹2000?
| | 5 months
    User
    Harsh Rajuka
    Hi Keerthan, kindly give us a call at 92895 26490, to discuss the price, our team will even help you with the purchase.
    | | 5 months
User
Soniya keswani
I want to buy 1000 share of nse how can i get?
| | 5 months
    User
    Harsh Rajuka
    Hi Soniya, sure..kindly give us a call at 92895 26490, and our team will help you with your purchase.
    | | 5 months
User
Vinay
I want to sell 100 shares .What price can I get
| | 5 months
    User
    Harsh Rajuka
    Hi Vinay, Kindly give a call at 9289526490 and our team with help you with the price & sale.
    | | 5 months
User
MOHAN KUMAR V P
NSE - can I get 50 or 100 shares pl.
| | 5 months
    User
    Harsh Rajuka
    Hi Mohan, sure you can get the shares od NSE. Kindly give a call at 9289526490, our team will help you with your purchase.
    | | 5 months
User
Sachin Kumar
I want to buy 1 lakh shares of NSE. What's best price ?
| | 5 months
    User
    Harsh Rajuka
    Hi Sachin, you can contact us on +91 9289526490. We will help you with your purchase.
    | | 5 months
User
JITENDRA
Hi, In current value I have 17500 qty of NSE @ 840/per share. At what value should I exit if that price comes within next 10 years.
| | 5 months
    User
    Harsh Rajuka
    Hi Jitendra, you should focus on long term investment & not exit this share. It can give you multifold returns in next 10 years.
    | | 5 months
User
Naval Goel
whats the growth expected?
| | 6 months
    User
    Harsh Rajuka
    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.
    | | 6 months
User
GOPAL THAKOR
At what price it is available?
| | 8 months
    User
    Harsh Rajuka
    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.
    1 | | 8 months
User
Harsh Rajuka
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!!
1 | | 9 months
User
Dinesh Kumar
Payment to be made to broking company.
| | 9 months
User
Ashish Goyal
Hi buddy
| | 1 years
    User
    Ashish Goyal
    Give your contact details, I have to discuss some thing with you
    | | 1 years
User
Manzar athar
Hi
| | 1 years
User
Ramanand Prasad Chourasia
What are the procedure for NSE shares purchase, do I have to make the payment to Third party or to Sharescart only.
| | 1 years
    User
    Shiva Chaudhary
    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
    | | 1 years
User
Vikas yadav
| | 1 years
User
srivallabha
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
| | 1 years
    User
    Shiva Chaudhary
    The price displayed is per share value
    | | 1 years
User
Sandip Kolhe
If I buy shares tomorrow when those shares are credited to my d-mat account and will I be eligible for bonus
1 | | 1 years
    User
    Shiva Chaudhary
    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
    | | 1 years
User
Mallesh
If I buy shares tomorrow when those shares are credited to my d-mat account
1 | | 1 years
    User
    Umesh Kumar
    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.
    1 | | 1 years

Financial Data

All figures are in Crores (₹)
FY21 FY22 FY23 FY24 FY25 YOY % FY25 CAGR % FY25
Net Sales 5624.8 8929.5 11856.2 14780 17140.7 16 32.1
Total Income 6202.3 9499.6 12765.4 16433.6 19176.8 16.7 32.6
Net Profit 3573.4 5198.3 7356 8406.5 12187.7 45 35.9
Shareholder Funds 11636 15418.3 20480.4 23973.9 30353.3 26.6 27.1
Total Assets 29205.6 35607 36564.3 65464 69466.6 6.1 24.2
EPS 14.44 21 29.72 33.97 49.24 45

Net Sales (in cr.)

Total Income (in cr.)

Net Profit (in cr.)

Operating Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Type Period/Date Document
Quarterly Report 2025-09
Annual Report 2025-03
Annual Report 2024-03
Annual Report 2023-03
Annual Report 2022-03
Annual Report 2021-03
Annual Report 2020-03
Annual Report 2019-03
Annual Report 2018-03
Frequently Asked Questions

NSE India Unlisted Shares: FAQs

1. Is trading in NSE - National Stock Exchange's unlisted shares legal in India?

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.

2. Is unlisted shares regulated by SEBI?

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.

3. Where can I get the best NSE - National Stock Exchange unlisted share price?

You will get the best price for NSE - National Stock Exchange and a hassle-free buying experience only on Sharescart.com platform.

4. How can I buy NSE - National Stock Exchange's unlisted shares?

NSE - 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).

5. How can I sell NSE - National Stock Exchange unlisted shares?

NSE - 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 NSE - 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 NSE - 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.

6. What is the minimum ticket size for investment in NSE - National Stock Exchange unlisted shares?

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 NSE - National Stock Exchange is between 169,000 to 206,000.

7. How to check if NSE - National Stock Exchange shares are credited to my account?

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).

  • You need to download the Application.
  • Login or Register yourself.
  • Fill in your DP Id and Client Id (NSDL DP Id starts with IN and CDSL DP & Client Id in numeric).
  • After registration, log on to your account and go to Dashboard.
  • You can see all your holding (Listed, Unlisted, Mutual Fund) there.

8. What will be the tax bearing on NSE - National Stock Exchange?

The taxation on the NSE - National Stock Exchange shares may vary depending on 2 Factors:

  • Short-term capital or long-term capital.
  • Pre-IPO stage (unlisted shares) or Post-IPO stage (listed shares)

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.

9. What is the lock-in period of NSE - National Stock Exchange shares?

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 NSE - National Stock Exchange varies depending on which type of investor you are:

  • Foreign Venture Capital Investor - These investors have a lock-in period of 6 months from the procurement date of NSE - National Stock Exchange shares.
  • Alternative Investment Funds II - These investors don't have to serve any lock-in period.
  • Other investors - These investors include body corporate, retail, high net-worth individuals. The lock-in period for them is 6 months from the date of listing of NSE - National Stock Exchange enlisted shares.

10. How to check NSE - National Stock Exchange unlisted share price daily?

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.

Wealth Icon
Don’t Miss Out on the Markets

Buy or sell shares with confidence, backed by our research and expert guidance.

whatsapp