Reuters Securities has add call on BSE with a target price of Rs 700. The current market price of . is Rs 676.7 Time period given by analyst is one year when BSE Ltd. price can reach defined target.
BSE Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 9248.05 Crore) operating in Financial Services sector.
BSE Ltd. key Products/Revenue Segments include Fees & Other Charges for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 233.40 Crore, up 6.77 % from last quarter Total Income of Rs 218.61 Crore and up 37.29 % from last year same quarter Total Income of Rs 170.01 Crore. Company reported net profit after tax of Rs 55.45 Crore in latest quarter.
Investment Rationale
The brokerage expects revenue growth of 2.1/14.5% and EBITDA margins of 28.3/31.4% in FY23/24E respectively. We are assuming Star MF revenues of INR 0.72/1.02bn in FY23/24E. Core profits after taxes for FY23E/24E stand at INR 1.38/1.87bn.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.02 per cent, DIIs 1.02 per cent.
BSE Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 9248.05 Crore) operating in Financial Services sector.
BSE Ltd. key Products/Revenue Segments include Fees & Other Charges for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 233.40 Crore, up 6.77 % from last quarter Total Income of Rs 218.61 Crore and up 37.29 % from last year same quarter Total Income of Rs 170.01 Crore. Company reported net profit after tax of Rs 55.45 Crore in latest quarter.
Investment Rationale
The brokerage expects revenue growth of 2.1/14.5% and EBITDA margins of 28.3/31.4% in FY23/24E respectively. We are assuming Star MF revenues of INR 0.72/1.02bn in FY23/24E. Core profits after taxes for FY23E/24E stand at INR 1.38/1.87bn.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.02 per cent, DIIs 1.02 per cent.
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