As investors await the long-pending IPO of the National Stock Exchange (NSE), the exchange became the largest unlisted company in India(for the number of investors), crossing 1 lakh investors. This is a milestone, as even large listed companies have failed to achieve this level of investor base. A major reason why NSE Unlisted Share grew by 35% in the last 1 year.
According to Economic Times, NSE is one of the top 25 companies in India, in terms of profitability, making NSE Shares a highly favourable investment in India.
Latest Financial Overview
- Revenue Growth: In FY 24, NSE reported a consolidated revenue of Rs. 16,434 cr., which grew to Rs Rs.19,177 cr. in FY 25, i.e. a 17% increase.
- EBITDA: Annual EBITDA grew by 28% from Rs 9,870 cr. to Rs 12,647 cr. in FY25, reflecting a significant increase in NSE’s profitability.
- Profit After Tax: PAT increased by 47% Year on Year from 8,306 cr. in FY 24 to Rs 12,188 cr in FY 25.
- Earning Per Share: The Consolidated EPS saw a 46.7% growth from Rs 33.56 per share in FY 24 to Rs 49.24 per share in FY 25.
Consolidated P&L Figures | FY24 | FY24 |
Revenue from Operations | 17,140 | 14,780 |
Employee Benefit Expenses | 672 | 460 |
Other Expenses | 4133 | 2,709 |
Operating EBITDA | 12,647 | 9,870 |
Operating EBITDA Margin % | 74% | 67% |
Other Income | 2,036 | 1,654 |
Depreciation and Amortisation | 547 | 440 |
Profit Before Tax(PBT) | 14,265 | 11,184 |
Tax | 3,869 | 2,778 |
Profit After Tax(PAT) | 11,605 | 8,406 |
EPS | 169.83 | 33.56 |
Also Read: NSE Unlisted Shares FY24-25 Result Analysis.
Among the 1 lakh investors, some of the well-known shareholders of NSE India are insurance companies like LIC, GIC, New India Assurance Company, and National Insurance Company. State Bank of India also holds a 3.2% stake in the bourse. NSE also have foreign shareholders like Canada Pension Plan Investment Board, Crown Capital, MS Strategic (Mauritius), signifying a significant global investor trust in NSE. Additionally, almost 34,000 investors hold NSE shares up to Rs 2 lakh each.
NSE IPO Filing
In 2015, NSE filed its draft papers with SEBI for its IPO. However, it got delayed due to its NSE irregularities. SEBI has raised certain governance issues for NSE. According to Monycontrol’s interaction with Tuhin Kanta Pandey, the Chairman of SEBI, he stated, “NSE and SEBI are in discussions on several key points — governance, technology, litigation, and the clearing corporation. Hopefully, these issues will be resolved with a clear roadmap, and then the IPO can move forward”
The leading stock exchange has applied for a No Objection Certificate (NOC) with the capital market regulator, hoping for an IPO in the next 1 year. This is not the first time NSE has written a request to SEBI. NSE wrote a similar request in November 2019, twice in 2020 and thereafter in August 2024 as well.
SEBI responded to the NOC request by highlighting some observations relating to operational stability, tech infrastructure upgrades, Key Managerial Personnel (KMP), and resolution of legal matters.
NSE Share Growing 35% In 12 Months

The NSE Share Price has grown from Rs 1300 per share on May 24, to Rs 1700 in May 25, highlighting a significant 35% annual jump. This growth can be credited to growing operations, profitability and investor base of NSE, leading to this massive jump in 1 year, making it a share on the radar of investors. The declaration of a Rs 35 dividend also led to
Is It The Right Time To Buy NSE Shares?
One of the most actively traded stocks in the unlisted share market. With healthy profitability, large invest base and consistent share price growth, the NSE is becoming a giant in the unlisted firm space.
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