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×

NSE Annual Reports, Balance Sheet and Financials

National Stock Exchange of India Limited (NSE India) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
National Stock Exchange of India Limited

National Stock Exchange of India Limited Balance Sheet (Rs in Crores)

Particulars

31-03-2024

31-03-2023

ASSETS

 

 

Non-current assets

 

 

Property, plant and equipment

1,004.28

936.35

Right of use assets

168.46

185.39

Capital work-in-progress

31.89

53.42

Goodwill

206.86

206.86

Other intangible assets

62.47

70.93

Intangible assets under development

50.17

45.07

Investment in associates accounted for using the equity method

685.85

649.44

Investments

14,128.07

9,148.79

Non-current bank balances

3,821.63

952.9

Others

154.85

27.38

Income tax assets (net)

1,046.31

538.38

Deferred tax assets (net)

5.28

11.32

Other non-current assets

702.69

773.13

Current assets

 

 

Investments

10,470.99

8,156.51

Trade receivables

1,864.66

1,589.21

Cash and cash equivalents

23,303.12

5,897.51

Bank balances other than cash and cash equivalents

5,807.92

5,685.67

Other financial assets

459.8

141.51

Other current assets

636.2

708.36

Assets classified as held for sale

852.5

786.21

TOTAL ASSETS

65,464.00

36,564.34

EQUITY AND LIABILITIES

 

 

Equity share capital

49.5

49.5

Other equity

23,924.91

20,428.98

Equity attributable to owners of National Stock Exchange of India Limited

23,974.41

20,478.48

Non controlling interest

-0.53

1.91

CORE SETTLEMENT GUARANTEE FUND

 

 

Core settlement guarantee fund paid

8,857.24

4,809.13

Core settlement guarantee fund payable

52.98

224.48

Settlement guarantee fund paid - commodity derivatives

-

250

Investor Protection Fund

0.23

0.19

Non-current liabilities

 

 

Lease liabilities

95.63

112.88

Other financial liabilities

17.36

16.35

Provisions

45.99

52.14

Deferred tax liabilities (net)

305.51

158.35

Contract liabilities

82.46

69.34

Other non-current liabilities

5.41

5.41

Current liabilities

 

 

Lease liabilities

29

23.44

Deposits

3,264.87

2,881.11

Trade payables

 

 

Total outstanding dues of micro enterprises and small enterprises

5.83

1.88

Total outstanding dues of creditors other than micro enterprises and small enterprises

326.92

260.28

Other financial liabilities

22,344.87

4,602.90

Provisions

105.23

86.26

Contract liabilities

6.17

3.86

Income tax liabilities (net)

102.9

508.01

Other current liabilities

5,472.20

1,596.41

Liabilities directly associated with assets classified as held for sale

369.32

421.54

TOTAL EQUITY AND LIABILITIES

65,464.00

36,564.34

National Stock Exchange of India Limited Profit & Loss Statement (Rs in Crores)

Particulars 31-03-2024 31-03-2023
Revenue from operations 14,780.01 11,856.23
Other Income 1,653.60 909.13
Total Income 16,433.61 12,765.36
Employee benefits expense 460.39 366.05
Regulatory Fees 980.57 477.94
Depreciation and amortisation expense 439.55 384.06
Other expenses 1,728.39 1,380.78
Total expenses (excluding contribution to Core settlement guarantee fund (Core SGF) 3,608.90 2,608.83
Profit before contribution to Core settlement guarantee fund (Core SGF), Share of net profits of associates accounted for using equity method and Tax from Continuing Operations 12,824.71 10,156.53
Share of net profits of associates accounted for using equity method 100.54 88.5
Profit before Contribution to Core SGF and Tax 12,925.25 10,245.03
Contribution to Core SGF -1,740.97 -203.45
Profit before tax for the period / year from continuing operations 11,184.28 10,041.58
Current tax expense 2,626.16 2,521.01
Deferred tax expense / (benefit) 151.64 18.69
Profit for the period / year from continuing operations 8,406.48 7,501.88
(Loss) from discontinued operations before tax -79.58 -127.97
Tax expense of discontinued operations -21.16 -17.92
(Loss) from discontinued operations -100.74 -145.89
Profit for the period / year 8,305.74 7,355.99
Other Comprehensive Income    
Items that will be reclassified to profit or loss (net of tax)    
Changes in fair value of FVOCI debt instruments 15.58 -21.6
Changes in foreign currency translation reserve 2.44 7.28
Changes in foreign currency translation reserve pertaining to discontinued operations 0.09 0.26
Items that will not be reclassified to profit or loss (net of tax)    
Remeasurements of post-employment benefit obligations -2.49 0.88
Remeasurements of post-employment benefit obligations pertaining to discontinued operations -2.81 -2.4
Changes in fair value of FVOCI equity instruments -4.18 -4.52
Share of other comprehensive income of associates accounted for using the equity method -3 2.05
Total other comprehensive income / (loss) for the period / year, net of taxes 5.63 -18.05
Total comprehensive income for the period / year 8,311.37 7,337.94
Profit attributable to :    
Owners of National Stock Exchange of India Limited 8,305.66 7,354.81
Non-Controlling Interests 0.08 1.18
Other comprehensive income attributable to :     
Owners of National Stock Exchange of India Limited 5.66 -18.04
Non-Controlling Interests -0.03 -0.01
Total comprehensive income attributable to :    
Owners of National Stock Exchange of India Limited 8,311.32 7,336.77
Non-Controlling Interests 0.05 1.17
Earnings per equity share    
Basic and Diluted (Rs.) 167.79 148.58

National Stock Exchange of India Limited Consolidated Cash Flow Statement (Rs in Crores)

Particulars

31-03-2024

31-03-2023

CASH FLOWS FROM OPERATING ACTIVITIES

   

PROFIT BEFORE TAX FROM

   

Continuing Operations

11,184.28

10,041.58

Discontinued Operations

-79.58

-127.97

PROFIT BEFORE TAX INCLUDING DISCONTINUED OPERATIONS

11,104.70

9,913.61

Adjustments for

   

Depreciation and amortization expense

471.64

415.92

Interest income from financial assets at amortized cost

-561.11

-301.26

Income from investments

-814.88

-328.54

Interest income from investments designated at FVOCI

-233.14

-114.86

Rental income

-1.48

-1.32

Dividend income from equity investments designated at FVOCI

-3.72

-0.39

Net gain on financial assets mandatorily measured at FVPL

-630.35

-359.94

Net gain on sale of financial assets mandatorily measured at FVPL

-134.63

-105.11

Profit on sale of investment in associates

-81.43

-

Net (gain) / loss on disposal of property, plant and equipment

3.55

0.65

Doubtful debts written off

8.25

14.59

Impairment in value of investment

39.99

 

Provision for doubtful debts

0.4

0.06

Reversal/ (Provision) for Impairment / write off of Intangible assets under development

-

60.81

Share of net profit of associates accounted by using equity method

-100.54

-88.5

Provision for contribution to Core settlement guarantee fund

52.98

224.48

Interest on lease liabilities

11.74

8.61

Change In operating assets and liabilities

   

(Increase)/ Decrease in trade receivables

-297.82

-216.19

Increase/ (Decrease) in trade payables

70.52

54.18

(Increase)/ Decrease in other financial assets

-19.36

-0.86

(Increase)/ Decrease in other assets

120.2

-150.8

Increase/ (Decrease) in other financial liabilities

17,298.56

-4,631.68

Increase/ (Decrease) in provisions

31.15

0.29

Increase/ (Decrease) in other liabilities

3,885.46

-1,395.12

(Refund)/ Proceeds of deposits

383.76

557.48

Change in core settlement guarantee fund

3,082.98

536.2

CASH GENERATED FROM OPERATIONS

33,687.42

4,092.32

Income taxes paid

-3,943.12

-2,357.83

NET CASH INFLOW FROM OPERATING ACTIVITIES

29,744.30

1,734.49

CASH FLOWS FROM INVESTING ACTIVITIES

   

Payment for property, plant and equipment and intangibles assets

-470.3

-406.42

Proceeds from property, plant and equipment and intangibles assets

1.06

2.75

Proceeds from rental income

1.48

1.32

(Payment) / proceeds from investments (Net)

-6,153.20

-4,031.12

Profit on sale of investment in associates

127.74

-

(Payment) / proceeds from investments in deposits with financial institutions (Net)

-

115.38

Payment for investment in associates

-40

-10

(Payment) / proceeds from fixed deposits / Bank balances other than cash & cash equivalents (Net)

-3,001.95

350.99

Interest received

1,180.32

744.84

Dividend received (including dividend from associate companies)

18.54

15.21

NET CASH OUTFLOW FROM INVESTING ACTIVITIES

-8,336.31

-3,217.04

CASH FLOWS FROM FINANCING ACTIVITIES

   

Dividend paid

-3,959.00

-2,079.00

Acquisition of non-controlling interest in subsidiary

-

-2.54

Payment of lease liabilities

-22.95

-9.83

Interest on lease liabilities

-11.74

-8.61

NET CASH OUTFLOW FROM FINANCING ACTIVITIES

-3,993.69

-2,099.98

NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS

17,414.30

-3,582.53

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR

5,974.65

9,557.18

CASH AND CASH EQUIVALENTS AT END OF THE YEAR

23,388.95

5,974.65

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flows from Operating Activities

Profit Before Tax from Continuing and Discontinued Operations:

2024: ₹11,104.70 thousand (Continuing: ₹11,184.28 thousand, Discontinued: ₹-79.58 thousand)

2023: ₹9,913.61 thousand (Continuing: ₹10,041.58 thousand, Discontinued: ₹-127.97 thousand)

The overall profit before tax increased, indicating improved financial performance.

Adjustments for:

Depreciation and Amortization Expense:

2024: ₹471.64 thousand

2023: ₹415.92 thousand

Increase in depreciation, reflecting higher capital assets or changes in depreciation rates.

Interest Income from Financial Assets at Amortized Cost:

2024: ₹-561.11 thousand

2023: ₹-301.26 thousand

Increase in interest income, positively impacting cash flow.

Income from Investments:

2024: ₹-814.88 thousand

2023: ₹-328.54 thousand

Increase in investment income, indicating better returns on investments.

Interest Income from Investments Designated at FVOCI (Fair Value Through Other Comprehensive Income):

2024: ₹-233.14 thousand

2023: ₹-114.86 thousand

Higher interest income from FVOCI investments.

Rental Income:

2024: ₹-1.48 thousand

2023: ₹-1.32 thousand

Slight increase in rental income.

Dividend Income from Equity Investments Designated at FVOCI:

2024: ₹-3.72 thousand

2023: ₹-0.39 thousand

Increase in dividend income.

Net Gain on Financial Assets Mandatorily Measured at FVPL (Fair Value Through Profit or Loss):

2024: ₹-630.35 thousand

2023: ₹-359.94 thousand

Increase in gains from FVPL financial assets.

Net Gain on Sale of Financial Assets Mandatorily Measured at FVPL:

2024: ₹-134.63 thousand

2023: ₹-105.11 thousand

Higher gains from the sale of FVPL financial assets.

Profit on Sale of Investment in Associates:

2024: ₹-81.43 thousand

No such profit in 2023.

Net (Gain)/Loss on Disposal of Property, Plant, and Equipment:

2024: ₹3.55 thousand

2023: ₹0.65 thousand

Higher gain from disposal of assets.

Doubtful Debts Written Off:

2024: ₹8.25 thousand

2023: ₹14.59 thousand

Decrease in doubtful debts written off.

Impairment in Value of Investment:

2024: ₹39.99 thousand

No such impairment in 2023.

Provision for Doubtful Debts:

2024: ₹0.40 thousand

2023: ₹0.06 thousand

Slight increase in provision for doubtful debts.

Reversal/(Provision) for Impairment/Write-off of Intangible Assets Under Development:

No such provision in 2024.

2023: ₹60.81 thousand

Reversal of impairment in 2023.

Share of Net Profit of Associates Accounted by Using Equity Method:

2024: ₹-100.54 thousand

2023: ₹-88.50 thousand

Increase in share of profit from associates.

Provision for Contribution to Core Settlement Guarantee Fund:

2024: ₹52.98 thousand

2023: ₹224.48 thousand

Significant decrease in provision for core settlement guarantee fund.

Interest on Lease Liabilities:

2024: ₹11.74 thousand

2023: ₹8.61 thousand

Increase in interest on lease liabilities.

Change in Operating Assets and Liabilities:

(Increase)/Decrease in Trade Receivables:

2024: ₹-297.82 thousand

2023: ₹-216.19 thousand

Increase in trade receivables, indicating higher sales on credit.

Increase/(Decrease) in Trade Payables:

2024: ₹70.52 thousand

2023: ₹54.18 thousand

Increase in trade payables, reflecting higher purchase obligations.

(Increase)/Decrease in Other Financial Assets:

2024: ₹-19.36 thousand

2023: ₹-0.86 thousand

Increase in other financial assets.

(Increase)/Decrease in Other Assets:

2024: ₹120.20 thousand

2023: ₹-150.80 thousand

Decrease in other assets.

Increase/(Decrease) in Other Financial Liabilities:

2024: ₹17,298.56 thousand

2023: ₹-4,631.68 thousand

Significant increase in other financial liabilities.

Increase/(Decrease) in Provisions:

2024: ₹31.15 thousand

2023: ₹0.29 thousand

Increase in provisions.

Increase/(Decrease) in Other Liabilities:

2024: ₹3,885.46 thousand

2023: ₹-1,395.12 thousand

Increase in other liabilities.

(Refund)/Proceeds of Deposits:

2024: ₹383.76 thousand

2023: ₹557.48 thousand

Decrease in deposit proceeds.

Change in Core Settlement Guarantee Fund:

2024: ₹3,082.98 thousand

2023: ₹536.20 thousand

Increase in the core settlement guarantee fund.

Cash Generated from Operations:

2024: ₹33,687.42 thousand

2023: ₹4,092.32 thousand

Significant increase in cash generated from operations.

Income Taxes Paid:

2024: ₹-3,943.12 thousand

2023: ₹-2,357.83 thousand

Increase in income taxes paid.

Net Cash Inflow from Operating Activities:

2024: ₹29,744.30 thousand

2023: ₹1,734.49 thousand

Substantial increase in net cash inflow from operating activities.

Cash Flows from Investing Activities

Payment for Property, Plant, and Equipment and Intangible Assets:

2024: ₹-470.30 thousand

2023: ₹-406.42 thousand

Increase in capital expenditures.

Proceeds from Property, Plant, and Equipment and Intangible Assets:

2024: ₹1.06 thousand

2023: ₹2.75 thousand

Decrease in proceeds from asset sales.

Proceeds from Rental Income:

2024: ₹1.48 thousand

2023: ₹1.32 thousand

Slight increase in rental income.

(Payment)/Proceeds from Investments (Net):

2024: ₹-6,153.20 thousand

2023: ₹-4,031.12 thousand

Increase in payments for investments.

Profit on Sale of Investment in Associates:

2024: ₹127.74 thousand

No such profit in 2023.

(Payment)/Proceeds from Investments in Deposits with Financial Institutions (Net):

No such transactions in 2024.

2023: ₹115.38 thousand

Payment for Investment in Associates:

2024: ₹-40.00 thousand

2023: ₹-10.00 thousand

Increase in investment in associates.

(Payment)/Proceeds from Fixed Deposits/Bank Balances Other than Cash & Cash Equivalents (Net):

2024: ₹-3,001.95 thousand

2023: ₹350.99 thousand

Significant decrease in bank balances other than cash.

Interest Received:

2024: ₹1,180.32 thousand

2023: ₹744.84 thousand

Increase in interest received.

Dividend Received (Including Dividend from Associate Companies):

2024: ₹18.54 thousand

2023: ₹15.21 thousand

Increase in dividends received.

Net Cash Outflow from Investing Activities:

2024: ₹-8,336.31 thousand

2023: ₹-3,217.04 thousand

Significant increase in net cash outflow from investing activities.

Cash Flows from Financing Activities

Dividend Paid:

2024: ₹-3,959.00 thousand

2023: ₹-2,079.00 thousand

Increase in dividend payments.

Acquisition of Non-Controlling Interest in Subsidiary:

No such transactions in 2024.

2023: ₹-2.54 thousand

Payment of Lease Liabilities:

2024: ₹-22.95 thousand

2023: ₹-9.83 thousand

Increase in payment of lease liabilities.

Interest on Lease Liabilities:

2024: ₹-11.74 thousand

2023: ₹-8.61 thousand

Increase in interest on lease liabilities.

Net Cash Outflow from Financing Activities:

2024: ₹-3,993.69 thousand

2023: ₹-2,099.98 thousand

Significant increase in net cash outflow from financing activities.

Net (Decrease)/Increase in Cash and Cash Equivalents

Net (Decrease)/Increase:

2024: ₹17,414.30 thousand

2023: ₹-3,582.53 thousand

Significant increase in cash and cash equivalents in 2024 compared to a decrease in 2023.

Cash and Cash Equivalents - Opening Balance:

2024: ₹5,974.65 thousand

2023: ₹9,557.18 thousand

Reflects the prior year 's closing balance.

Cash and Cash Equivalents - Closing Balance:

2024: ₹23,388.95 thousand

2023: ₹5,974.65 thousand

Significant increase in closing cash balance, indicating a stronger cash position at the end of 2024.

Dividend History

Particulars

2024

2023

Dividend Per Share (in Rs.)

90.00

42.00

Financial Ratios of National Stock Exchange of India Limited

 

Particulars

2024

2023

Current Ratio

1.88

3.31

Debt-Equity Ratio

0.01

0.01

Debt Service Coverage Ratio,

220.78

469.19

Return on Equity Ratio

37.00%

51.00%

Trade Receivables turnover ratio

8.57

7.92

Trade payables turnover ratio

11.77

10.70

Net capital turnover ratio

1.72

1.56

Net profit ratio

49.00%

65.00%

Return on Capital employed

45.00%

56.00%

Return on investment

7.00%

6.00%

Here is a summary of the financial and operational metrics for National Stock Exchange of India Limited for the year 2024 & 2023:

Liquidity:

Current Ratio: Decreased from 3.31 in 2023 to 1.88 in 2024.

Insight: The current ratio indicates a significant reduction in liquidity. A ratio of 1.88 is still generally considered acceptable, but the drop suggests a tighter liquidity position and a potential reduction in short-term assets relative to short-term liabilities.

Leverage:

Debt-Equity Ratio: Remained constant at 0.01.

Insight: The company has maintained very low levels of debt relative to equity, indicating a strong equity base and minimal financial leverage.

Debt Servicing:

Debt Service Coverage Ratio: Dropped from 469.19 in 2023 to 220.78 in 2024.

Insight: This significant decrease indicates reduced ability to cover debt obligations from operating cash flows. It suggests a potential rise in debt service requirements or a decline in cash flows available for debt servicing.

Profitability:

Return on Equity (ROE): Decreased from 51.00% to 37.00%.

Insight: The decline in ROE reflects a decrease in profitability relative to shareholders ' equity. The company may have experienced lower net income or higher equity levels without a proportional increase in profit.

Net Profit Ratio: Decreased from 65.00% to 49.00%.

Insight: This reduction in net profit margin indicates that while the company remains profitable, its efficiency in converting revenue into net income has decreased.

Return on Capital Employed (ROCE): Dropped from 56.00% to 45.00%.

Insight: The decrease in ROCE suggests a reduction in the efficiency of utilizing capital to generate profits. This may be due to increased capital investment without a proportional increase in returns.

Return on Investment (ROI): Increased from 6.00% to 7.00%.

Insight: The improvement in ROI indicates a better return on investments made by the company, suggesting that investments are yielding better results.

Operational Efficiency:

Trade Receivables Turnover Ratio: Improved from 7.92 to 8.57.

Insight: An increase in this ratio implies better efficiency in collecting receivables, suggesting improved credit management or quicker collection processes.

Trade Payables Turnover Ratio: Increased from 10.70 to 11.77.

Insight: A higher ratio indicates faster payment to suppliers. This could reflect improved supplier relationships or a shift in payment strategy, but it may also suggest reduced use of trade credit.

Net Capital Turnover Ratio: Increased from 1.56 to 1.72.

Insight: This improvement indicates more efficient use of capital to generate revenue, suggesting better operational efficiency.

 

 

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