| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 8929 | 11856 | 14780 | 17141 |
| Cost of Material Consumed | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Gross Margins | 100 | 100 | 100 | 100 |
| 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 |
| Assets | 2023 | 2024 | 2025 |
|---|---|---|---|
| Fixed Assets | 1007 | 1004 | 1168 |
| CWIP | 98 | 32 | 51 |
| Investments | 17305 | 10471 | 30982 |
| Trade Receivables | 1589 | 1865 | 1512 |
| Inventory | 0 | 0 | 0 |
| Other Assets | 16565 | 52092 | 35754 |
| Total Assets | 36564 | 65464 | 69467 |
| Liabilities | 2023 | 2024 | 2025 |
|---|---|---|---|
| Share Capital | 49.5 | 49.5 | 247.5 |
| FV | 1 | 1 | 1 |
| Reserves | 20429 | 23925 | 30105 |
| Borrowings | 0 | 0 | 0 |
| Trade Payables | 262 | 332 | 452 |
| Other Liabilities | 15823.5 | 41157.5 | 38662.5 |
| Total Liabilities | 36564 | 65464 | 69467 |
| Cash-Flow Statement | 2023 | 2024 | 2025 |
|---|---|---|---|
| PBT | 9913 | 11103 | 16208 |
| OPBWC | 9314 | 9133 | 790 |
| Change in Receivables | -216 | -298 | 349 |
| Change in Inventories | 0 | 0 | 0 |
| Change in Payables | 54 | 71 | 117 |
| Other Changes | -5059 | 24781 | 6488 |
| Working Capital Change | -5221 | 24554 | 6954 |
| Cash Generated From Operations | 4093 | 33687 | 7744 |
| Tax | -2358 | -3943 | -3653 |
| Cash Flow From Operations | 1735 | 29744 | 4091 |
| Purchase of PPE | -406 | -470 | -1305 |
| Sale of PPE | 3 | 1 | 30 |
| Cash Flow From Investment | -3217 | -8336 | -5558 |
| Borrowing | 0 | 0 | 0 |
| Dividend | -2079 | -3959 | -4454 |
| Equity | 0 | 0 | 0 |
| Others From Financing | -21 | -35 | -146 |
| Cash Flow from Financing | -2100 | -3994 | -4600 |
| Net Cash Generated | -3582 | 17414 | -6067 |
| Cash at the Start | 9557 | 5975 | 23389 |
| Cash at the End | 5975 | 23389 | 17322 |
National Stock Exchange of India Limited (NSE) is the country’s largest and most technologically advanced stock exchange, known for transforming India’s capital markets through world-class trading infrastructure, innovation, and high governance standards. Established in 1992, NSE pioneered electronic screen-based trading and today handles the majority of India’s equity derivatives and cash market volumes. Its flagship index, NIFTY 50, has become the benchmark for India’s equity market performance, widely tracked by global investors, institutions, and fund managers. NSE’s leadership in transparency, risk management, and market efficiency has made it one of the most respected financial institutions in Asia.
From a business perspective, NSE generates revenue from equity and derivatives trading, clearing and settlement services, listing fees, data services, and its rapidly expanding index and analytics division. The exchange has diversified into new verticals such as commodities, debt markets, and education through NSE Academy. Its clearing arm, NSE Clearing, is one of the most robust and systemically important institutions in India’s financial system. Over the years, NSE has demonstrated strong financial performance with consistently healthy margins, rising volumes, and expanding product lines. Its technology-driven approach, seamless trading systems, and continuous regulatory compliance have further strengthened its leadership position in India’s capital markets ecosystem.
NSE India’s unlisted shares are among the most sought-after investments in the unlisted market, often attracting significant interest from HNIs, institutions, and long-term investors. The strong financial stability, high profitability, and dominant market share make NSE one of the most valuable unlisted companies in India. Investors consider it a reliable pre-IPO opportunity, although the timing of a potential public listing remains uncertain. Despite limited liquidity in the unlisted space, the shares are viewed as a stable, long-term wealth creation asset due to NSE’s consistent earnings, near-monopoly position, and critical role in India’s rapidly growing financial markets. For investors seeking exposure to the capital markets ecosystem through a fundamentally strong institution, NSE unlisted shares present a compelling and highly credible investment avenue.
1. What are NSE India Limited unlisted shares?
Unlisted shares of NSE India Limited are equity shares that are not traded on public stock exchanges like NSE or BSE. They are bought and sold privately through brokers or intermediaries.
2. Why is NSE considered a popular unlisted stock?
NSE is India’s largest stock exchange by volume and plays a critical role in capital markets infrastructure. Its strong financials, market dominance, and potential IPO prospects make it highly attractive in the unlisted space.
3. How can investors buy NSE unlisted shares?
Investors can purchase these shares through:
Transactions are typically done off-market and require a Demat account.
4. What is the minimum investment required?
There is no official minimum from NSE itself, but brokers may set thresholds (often ?50,000 to ?5 lakh or more depending on availability and pricing).
5. What factors influence the price of NSE unlisted shares?
Key drivers include:
6. Is it safe to invest in NSE unlisted shares?
While NSE is a fundamentally strong company, unlisted shares carry risks such as:
Due diligence and trusted intermediaries are essential.
7. Will NSE eventually launch an IPO?
NSE has planned an IPO for several years, but delays have occurred due to regulatory issues and governance concerns. Investors often buy unlisted shares anticipating future listing gains.
8. What are the tax implications?
9. How are NSE unlisted shares transferred?
Shares are transferred via off-market transactions directly to the buyer’s Demat account using DIS (Delivery Instruction Slip) or electronic transfer mechanisms.
10. What are the risks of investing in NSE unlisted shares?
Major risks include: