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 Consolidated Balance Sheet (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Non-Current Assets
Property, Plant and Equipment	1,120.44	1,004.28
Right of Use Assets	530.84	168.46
Capital Work in Progress	3.85	31.89
Goodwill	206.86	206.86
Other Intangible assets	47.95	62.47
Intangible assets under development	46.87	50.17
Investment in associates	616.18	685.85
Investments	13,882.90	14,128.07
Non-current bank balances	2,843.66	3,821.63
Others	166.11	154.85
Income Tax assets (net)	1,313.04	1,046.31
Deferred tax assets (net)	0.57	5.28
Other non-current assets	1,467.65	702.69
Current Assets
Investments	16,483.10	10,470.99
Trade receivables	1,512.21	1,864.66
Cash and Cash Equivalents	17,297.85	23,303.12
Bank balances other than cash & cash Equivalents	10,216.36	5,807.92
Other financial assets	1,025.36	459.80
Other Current assets	449.43	636.20
Assets classified as held for Sale	238.40	852.50
Total Assets	69,466.64	65,464.00
Core Settlement Guarantee Fund
Core Settlement guarantee fund paid	12,075.25	8,857.24
Core Settlement guarantee fund payable	-	52.98
Investor Protection Fund	0.26	0.23
Equity
Equity Share Capital	247.50	49.50
Other Equity	30,105.83	23,924.91
Non Controlling interest	-	-0.53
Non-Current Liabilities
Lease Liabilities	400.71	95.63
Other financial liabilities	18.94	17.36
Provisions	56.97	45.99
Deferred tax liabilities (net)	246.82	305.51
Contract liabilities	118.18	82.46
Other non-current liabilities	5.41	5.41
Current Liabilities
Lease Liabilities	105.50	29.00
Deposits	3,703.41	3,264.87
Trade Payables:
Total outstanding dues of micro & small enterprises	20.53	5.83
Total outstanding dues of creditors other than above	431.72	326.92
Other financial liabilities	16,513.96	22,344.87
Provisions	178.31	105.23
Contract liabilities	9.44	6.17
Income Tax Liabilities (net)	326.51	102.90
Other current liabilities	4,815.23	5,472.20
Liabilities directly associated with assets classified as held for sale	86.16	369.32
Total Equity and Liabilities	69,466.64	65,464.00

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

Particulars	31-03-2025	31-03-2024
Income
Revenue from Operations	17,140.68	14.780.01
Other Income	2,036.15	1,653.60
Total Income	19,176.83	16,433.61
Expenses
Employee Benefit Expense	671.79	460.39
Regulatory fees	962.64	980.57
Depreciation and amortisation expense	546.59	439.55
Other Expenses	2,625.27	1,728.39
Total Expenses	4,806.29	3,608.90
Profit before Exceptional items, Contribution to Core SGF, Share of net profits of associates	14,370.54	12,824.71
Share of net profits of associates accounted for using equity method	128.86	100.54
Profit before Exceptional items, Contribution to Core SGF and Tax from Continuing Operations	14,499.40	12,925.25
Contribution to Core SGF	234.09	1,740.97
Profit before Exceptional items and Tax from Continuing Operations	14,265.31	11,184.28
Profit on sale of investment in associates	1,209.47	-
Profit before tax for the period/ year from continuing operations	15,474.78	11,184.28
Current Tax	3,938.99	2,626.16
Deferred tax expense/(benefit)	-69.96	151.64
Profit for the period/ year from continuing operations	11,605.75	8,406.48
Discontinued Operations
Profit/ (Loss) from discontinued operations before tax	733.27	-79.58
Tax expense of discontinued operations	-151.33	-21.16
Profit/ (Loss) from discontinued operations	581.94	-100.74
Profit for the period/ year	12,187.69	8,305.74
Other Comprehensive Income
Items that will be reclassified to profit or loss (net of tax) :
Changes in fair value of FVOCI debt instruments	30.55	15.58
Changes in foreign currency translation reserve	8.57	2.44
Changes in foreign currency translation reserve pertaining to discontinued operations	0.06	0.09
Items that will not be reclassified to profit or loss (net of tax):
Re-measurements of post-employment benefit obligations	-4.57	-2.49
Re-measurements of post-employment benefit obligations pertaining to discontinued operations	-1.92	-2.81
Changes in fair value of FVOCI equity instruments	7.41	-4.18
Share of other comprehensive income of associates accounted for using the equity method	2.69	-3.00
Total other comprehensive income for the period I year, net of taxes	42.79	5.63
Total comprehensive income for the period I year	12,230.48	8,311.37
Profit attributable to :
Owners of National Stock Exchange of India Limited	12,187.94	8,305.66
Non-Controlling Interests	-0.25	0.08
Other comprehensive income attributable to :
Owners of National Stock Exchange of India Limited	42.80	5.66
Non-Controlling Interests	-0.01	-0.03
Total comprehensive income attributable to :
Owners of National Stock Exchanqe of India Limited	12,230.74	8,311.32
Non-Controlling Interests	-0.26	0.05
Total comprehensive income from
Continuing Operations	11,650.40	8,414.83
Discontinued Operations	580.34	-103.51
Paid-up equity share capital {Face value Re. 1/- per share)	247.50	49.50
Reserves (excluding Revaluation Reserve)	30,105.83	23,924.91
Earnings per equity share for profit from continuing operations
Basic and Diluted	46.89	33.97
Earnings per equity share for profit/ losses from discontinued operations
Basic and Diluted	2.35	-0.41
Earnings per equity share for profit from continuing and discontinued operations
Basic and Diluted	49.24	33.56

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

Particulars	31-03-2025	31-03-2024
Cash Flow from Operating Activities
Profit Before Tax from
Continuing Operations	15,474.78	11,184.28
Discontinued Operations	733.27	-79.58
Profit Before tax including Discontinued Operations	16,208.05	11,104.70
Adjustments for:
Depreciation and amortisation expense	570.21	471.64
Interest income from financial assets at amortised cost	-745.27	-561.11
Income from Investments	-958.17	-814.88
Interest income from Investments designated at FVOCI	-168.42	-233.14
Rental Income	-8.95	-1.48
Dividend income from eqity investments designated at FVOCI	-	-3.72
Net gain on financial assets mandatorily measured at FVPL	-643.47	-630.35
Net gain on sale of financial assets mandatorily measured at FVPL	-377.65	-134.63
Net gain on sale of financial assets mandatorily measured at amortised cost	-1.14	-
Profit on sale of investment in associates	-1,209.47	-81.43
Net (gain)/loss on disposal of property, plant and equipment	-18.18	3.55
Doubtful debts written off	14.61	8.25
Impairment/(reversal) in value of investment	-3.83	39.99
Provisions for doubtful debts	-3.73	0.40
Write off of intangible assets under development	0.54	-
Share of net profit of associates accounted by using equity method	-128.86	-100.54
Profit from sale of investment in subsidiaries classified in discontinued operations	-773.70	-
Provisions for contribution to core settlement guarantee fund	-	52.98
Interest on lease liabilities	29.95	11.74
Change in operating assets and liabilities
(Increase)/Decrease in Trade receivables	348.92	-297.82
Increase in Trade payables	117.10	70.52
(Increase) in other financial assets	-296.01	-19.36
(Increase)/Decrease in Other Assets	181.61	120.20
Increase/(Decrease) in Other financial liabilities	-5,496.10	17,298.56
Increase in Provisions	79.15	31.15
Increase/(Decrease) in Other Liabilities	-623.87	3,885.46
Proceeds of deposits	438.54	383.76
Change in core settlement guaranteed fund	1,212.39	3,082.98
Cash Generated from Operations	7,744.25	33,687.42
Income tax paid	-3,652.76	-3,943.12
Net Cash Inflow from Operating Activities-Total	4,091.49	29,744.30
Cash Flow from Investing Activities
Purchase of property, plant and equipment & intangibles asset	-1,305.69	-470.30
Proceeds from sale of property, plant & equipment	29.95	1.06
Proceeds from Rental Income	8.95	1.48
(Payment) from investments (net)	-5,292.05	-6,153.20
Proceeds from sale of investment in associates	1,448.44	127.74
Proceeds from sale of assets held for sale	1,382.21	-
(Payment) for investment in associates	-20.00	-40.00
(Payment) from fixed deposits/Bank balances other than cash & cash equivalents	-3,407.56	-3,001.95
Interest received	1,584.26	1,180.32
Dividend received	13.80	18.54
Net Cash Inflow from Investing Activities-Total	-5,557.69	-8,336.31
Cash Flow from Financing Activities
Dividend paid	-4,454.48	-3,959.00
Acquisition of non controlling interest in subsidiary	-42.12	-
Payment of lease liabilities	-73.20	-22.95
Interest on lease liabilities	-29.95	-11.74
Net Cash Inflow from Financing Activities - Total	-4,599.75	-3,993.69
Net (Decrease)/Increase in Cash & Cash Equivalents	-6,065.95	17,414.30
Cash and Cash Equivalents at the Beginning of the year	23,388.95	5,974.65
Cash and Cash Equivalents at the End of the year	17,323.00	23,388.95
Net (Decrease)/Increase in Cash & Cash Equivalents	-6,065.95	17,414.30
Cash and Cash Equivalents at the End of the year Comprises of:
Cash and cash equivalents from continuing operations	17,297.85	23,303.12
Cash and cash Equivalents classified as held for sale	25.15	85.83
	17,323.00	23,388.95
Non-Cash items of investing and financing activities	429.48	12.24
Cash and Cash equivalents as per aove comprise of the following
In current accounts	17,302.17	22,553.38
Deposits with original maturity of less than three months	18.83	835.56
Cash on Hand	-	0.01
Balances as per statement of Cash flows	17,323.00	23,388.95

Here is a summary of the Cash Flow Statement for the years 2025 and 2024:

Cash Flow from Operating Activities

For the year ending 31st March 2025, the company reported a strong operating performance with a Profit Before Tax (PBT) from continuing and discontinued operations totaling ₹16,208.05 crores, a significant increase from ₹11,104.70 crores in the previous year. However, numerous non-cash adjustments and changes in working capital significantly impacted the net cash flow. These adjustments included depreciation and amortisation (₹570.21 crores), and a range of income deductions such as interest income, dividend income, and gains on financial asset sales. Notably, there were large negative adjustments due to profit on sale of investments in associates (₹1,209.47 crores) and discontinued subsidiaries (₹773.70 crores). Changes in operating assets and liabilities had a substantial negative effect, particularly from a massive reduction in other financial liabilities (₹5,496.10 crores) and other liabilities (₹623.87 crores). After accounting for taxes paid (₹3,652.76 crores), the net cash inflow from operating activities dropped sharply to ₹4,091.49 crores, compared to ₹29,744.30 crores in FY 2024.

Cash Flow from Investing Activities

In FY 2025, the company experienced a net cash outflow of ₹5,557.69 crores from investing activities, though this was an improvement from the ₹8,336.31 crores outflow in FY 2024. Major outflows included purchase of property, plant, and equipment (₹1,305.69 crores) and net payments for investments (₹5,292.05 crores). However, there were notable inflows from sale of associates (₹1,448.44 crores) and assets held for sale (₹1,382.21 crores). Interest and dividend income together contributed around ₹1,598.06 crores, further helping to offset investment costs. Despite these inflows, the net investment remained negative, indicating continued capital expenditure and portfolio adjustments.

Cash Flow from Financing Activities

The company’s financing activities led to a net outflow of ₹4,599.75 crores in FY 2025, a slight increase from ₹3,993.69 crores in FY 2024. The majority of the outflow was due to dividend payments totaling ₹4,454.48 crores, which shows a strong shareholder return policy. Additional financing outflows came from lease payments and interest on lease liabilities (₹103.15 crores) and acquisition of non-controlling interest (₹42.12 crores). No new borrowings or equity infusions are reflected, indicating a conservative financing approach.

Net Cash Movement and Closing Position

Overall, the company reported a net decrease in cash and cash equivalents of ₹6,065.95 crores during FY 2025, reversing the large inflow of ₹17,414.30 crores in the previous year. This led to a reduction in closing cash and cash equivalents from ₹23,388.95 crores to ₹17,323.00 crores. The closing balance comprised mostly current account balances (₹17,302.17 crores), with a small portion in short-term deposits and assets held for sale. Despite the decrease, the company maintains a healthy liquidity position, likely due to strong prior year cash flows and disciplined financial management.