BSE LIBERAL BUYBACK AND 1,500% DIVIDEND BONANZA…

 We have been recommending BSE since 2011 – even before the Company was listed on NSE in February 2017. Our investors have made multibagger returns on their investment over 7 years. For our Full IPO Report please visit :

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BUMPER TAX FREE DIVIDEND

BSE proposes to reward its shareholders with a bumper dividend of 1,500% (Rs. 30 per share) for FY2019 (Rs. 36 per Share for the Previous Year – FY2018) offering an excellent TAX FREE DIVIDEND YIELD OF 4.9% AND A WHOPPING DIVIDEND PAYOUT OF 97% *…

BSE LIBERAL BUYBACK

BSE proposes to Buyback 67.6 Lacs Equity Shares at the Buyback Offer Price of Rs. 680 per Share, aggregating to Rs, 460 Crs. through Tender Offer against the previous Buyback Size of Rs. 166 Crs. THE PROPOSED BUYBACK IS 3 TIMES LARGER COMPARED TO THE PREVIOUS BUYBACK.

BSE TRANSFORMING INTO A HIGH TECH COMPANY

“BSE continues to grow from traditional stock exchange platform to an agile, high-tech e-commerce platform for distribution of financial products with ability to integrate many more services as well as products. The geographical reach and business growth of StAR Mutual Fund platform reinforces success of our strategy to focus on potential of distribution business and new initiatives to enhance value for stakeholders. Currency derivatives, Commodity derivatives, India International Exchange, Bond Distribution, SME, OFS and IPO have emerged as important market where BSE has acquired a good market share on the back of better technology, excellent services and lower pricing, we have to consolidate our position to acquire good markets in near future.
– Shri Ashishkumar Chauhan, MD and CEO

 We believe that the process of technology revolution at BSE has born fruit and BSE has transformed into a High Tech Company. BSE has implemented BIG DATA capabilities for real time surveillance and fraud detection, MACHINE LEARNING and LANGUAGE PARSING TECHNOLOGY for rumour verification. BSE has embodied ARTIFICIAL INTELLIGENCE as a vital and integral part of the business.

BSE has invested in setting up HYBRID CLOUD along with implementation of NEXT GENERATION CYBER SECURITY OPERATIONS CENTRES which provides niche and advanced cyber security solutions in a fully integrated manner. This technological superiority provides BSE with great scalability, convenience, speed, transparency and the automation to launch a fully tested product in a short span of time.

We believe, BSE with its fully equipped arsenal of „Best in Breed Technologies‟ should enjoy the valuations of a high end Technology Company. Whenever markets would accord valuations befitting a Technology Company to BSE, it would be a perfect validation of BSE’s technological prowess.

 BSE posted a Consolidated Topline of Rs. 687 Crs. (Rs. 699 Crs. in FY2018), EBITDA of Rs. 253 Crs. (Rs. 299 Crs.) and PAT of Rs. 194 Crs. (Rs. 215 Crs.).

BSE having a tiny share capital of Rs. 10.36 Crs. (Rs. 9 Crs. Post the Proposed Buyback), Debt Free status, Net Worth of over Rs. 2,900 Crs., Cash and Financial Assets of over Rs. 2,700 Crs. is currently trading at a modest P/E multiple of little less than 16 times its CMP of 607 per share and P/BV multiple of mere 1.07 times (BVPS Rs. 567) making it the cheapest Investment Opportunity amongst the major Exchanges in India – Indian Energy Exchange Ltd. (FY2019 P/E 29 times), Multi Commodity Exchange of India Ltd. (FY2019 P/E 29 times) and National Stock Exchange of India Ltd. – BSE HAS A POTENTIAL TO PLAY „CATCH-UP‟ IN TERMS OF VALUATIONS FROM THE PRESENT LEVEL.

The highest P/E multiple is commanded by MCX at 29 times. Only if BSE was to command such a valuation any time in future, the price of BSE Shares should be Rs. 1,115 per Equity Share.

 BSE is an unique Exchange with a gamut of business streams ranging from Equity Cash Segment, Equity Derivatives, Whole Sale Debt Market, Currency Derivatives, BSE StAR MF, SME Exchanges, Interest Rate futures, International Exchange at IFSC, GIFT city – Gandhinagar and Commodity Derivates being the latest entrant to the BSE’s stable.
BSE has recently entered into a JV to set up Power Exchange with PTC and ICICI Bank and has a JV with EBIX to set up a Insurance distribution – BSE has transformed from a Conventional Stock Exchange to the 1st Universal Exchange.