BSENSE:BSE -0.37%86 Net Margin % is 51.00% as of Mar. 2026, which is 15% above its 10-year median of 44.54. GuruFocus rates NSE:BSE with a GF Score™ of 86/100 and a GF Value™ of ₹3,853.93 (Fairly Valued). The stock has 5 warning signs investors should review. Among 777 Capital Markets companies, BSE ranks better than 84.68% on this metric.
Net margin is calculated as Net Income divided by its Revenue. BSE's Net Income for the
three
months ended in Mar. 2026 was ₹7,973 Mil. BSE's Revenue for the
three
months ended in Mar. 2026 was ₹15,635 Mil. Therefore, BSE's net margin for the quarter that ended in Mar. 2026 was 51.00%.
The historical rank and industry rank for BSE's Net Margin % or its related term are showing as below:
NSE:BSE'
s Net Margin % Range Over the Past 10 Years
Min: 27.06 Med: 44.54 Max: 135.79
Current: 51.65
NSE:BSE's Net Margin % is ranked better than 84.68% of 777
companies
in the Capital Markets industry
Industry Median: 14.46
vs NSE:BSE: 51.65
BSE (NSE:BSE) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
BSE Net Margin % Related Terms
BSE Net Margin % Historical Data
* Premium members only.
The historical data trend for BSE's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:BSE vs SPGI, CME, ICE: Net Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, BSE's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BSE Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BSE's Net Margin % distribution charts can be found below:
* The bar in red indicates where BSE's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BSE (NSE:BSE) has a Net Margin % of 51.00% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on BSE and its competitors. This is 15% above median its historical median of 44.54. Over the past decade, BSE's Net Margin % has ranged from 27.06 to 135.79. According to the industry distribution chart, BSE ranks #119 out of 777 companies in the Capital Markets industry, placing it in the top 15.3%.
Is BSE's Net Margin % too high?
BSE's current Net Margin % of 51.00% is 15% above median its 10-year median of 44.54. Over the past 10 years, this metric has ranged from a low of 27.06 to a high of 135.79. The Capital Markets industry median Net Margin % is 14.46. BSE's value of 51.00% is 252.7% above this industry median. Based on the distribution chart, BSE ranks #119 out of 777 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, BSE has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BSE's Net Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, BSE ranks #119 out of 777 companies for Net Margin %. This places BSE in the top 15% of its industry — outperforming the majority of peers. The industry median Net Margin % is 14.46. BSE's value of 51.00% is 252.7% above this benchmark. Historically, BSE's own Net Margin % has ranged from 27.06 to 135.79 over the past decade. While the company's 10-year median is 44.54 vs. the industry median of 14.46, BSE has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Capital Markets company?
The median Net Margin % among Capital Markets companies is 14.46, based on 777 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BSE's current Net Margin % of 51.00% is 252.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on BSE and its competitors. For the Capital Markets industry, the median Net Margin % is 14.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BSE's current Net Margin % is 51.00%, which is 15% above median its own 10-year median of 44.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSE stock overvalued right now?
Based on GuruFocus' analysis, BSE (NSE:BSE) is currently considered Fairly Valued. The stock's GF Value™ is ₹3,853.93, compared to a current price of ₹3,872.10 — trading 0.5% above its estimated fair value. The current Net Margin % is 51.00%, which is 15% above median its 10-year median of 44.54 and 252.7% above the Capital Markets industry median of 14.46. BSE's overall GF Score™ is 86/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For BSE (NSE:BSE), the current Net Margin % is 51.00% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BSE (NSE:BSE) Overvalued in 2026?
Based on GuruFocus' analysis, BSE stock appears to be overvalued.
The current stock price of ₹3,872.10 is trading 0.5% above its estimated GF Value™ of ₹3,853.93.
GuruFocus considers BSE to be Fairly Valued.
Key valuation signals for NSE:BSE:
Net Margin %: 51.00% (15% above median its 10-year median of 44.54)
GF Value™: ₹3,853.93 vs. price of ₹3,872.10 (0.5% above fair value)
Industry Position: 252.7% above the Capital Markets median (#119 of 777)
No single metric tells the full story. See the NSE:BSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BSE Ltd operates as a stock exchange and is one of the exchange groups in India. The company operates through one segment namely Stock Exchange Operations i.e. Facilitating Trading in Securities and other related ancillary Services, while generating a majority of its revenues through stock exchange activities. It predominantly provides a trading platform for over 5000 companies that are listed on its exchange. The exchange offers various services such as trading in equity, debt instruments, derivatives, and mutual funds. BSE also offers its customers other services such as risk management, market data services, and educational programs. Geographically, the company generates a majority of its revenue from its customers within India.
86GF Score
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