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	31-03-2026	31-03-2025
Non-current assets
Plant, property and equipment	1,192.84	1,120.44
Right of use assets	421.13	530.84
Capital work in progress	173.23	3.85
Goodwill	206.86	206.86
Other Intangible assets	43.37	47.95
Intangible assets under development	49.94	46.87
Investment accounted for using the equity method	527.67	616.18
Investment	11,244.13	13,882.90
Other financial assets	2,334.97	3,006.79
Income tax assets	891.30	1,313.04
Deferred tax assets	18.41	0.57
Other non current assets	1,718.76	1,467.65
Current assets
Investment	17,570.48	16,483.10
Trade receivables	2,468.21	1,512.22
Cash and cash equivalent	32,261.15	17,297.85
Bank balances other than cash and cash equivalent	14,983.71	10,216.36
Other financial assets	1,062.27	1,025.34
Other current assets	479.90	449.43
Assets classified held for sale	289.11	238.40
Total assets	87,937.44	69,466.64
Equity
Equity share capital	247.50	247.50
Other equity	31,866.04	30,105.83
Non-Current liabilities
Lease liabilities	310.33	400.71
Other non financial liabilities	20.31	18.94
Contract liabilities	161.51	118.18
Provisions	161.35	55.56
Deferred tax liabilities	242.38	246.82
Other non current liabilities	5.41	5.41
Current liabilities
Lease liabilities	102.06	105.50
Deposits	4,050.89	3,703.41
Trade payables – dues outstanding due to micro and small enterprises	38.97	20.53
Trade payables – dues outstanding other than above	465.13	431.35
Other financial liabilities	30,909.91	16,496.88
Contract liabilities	11.80	9.44
Provision	960.30	179.72
Income tax liabilities	421.14	326.51
Other current liabilities	4,868.97	4,832.94
Liabilities directly associated with assets classified as held for sale	14.29	86.16
Total equity and liabilities	87,937.44	69,466.64

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

Particulars	31-03-2026	31-03-2025
Income
Revenue from Operations	16,601.31	17,140.68
Other Income	2,112.06	2,036.15
Total Income	18,713.37	19,176.83
Expenses
Employee benefits expense	789.98	672.14
Regulatory fees	796.35	962.64
Depreciation & amortization expense	623.51	546.59
Other Expenses	3,790.06	2,624.92
Total Expenses	5,999.90	4,806.29
Profit before share of not profit of associate accounted using equity method	12,713.47	14,370.54
Share of net profits Of associates for using equity method	108.19	128.86
Profit before contribution to core SGF	12,821.66	14,499.40
Contribution to core SGF	0.58	234.09
Profit before exceptional items and tax	12,821.08	14,265.31
Exceptional items	1,074.50	1,209.47
Profit/(loss) before tax	13,895.58	15,474.78
Current Tax expenses	3,742.93	3,938.99
Deferred tax expense	-26.88	-69.98
Profit/ Loss after tax	10,179.53	11,605.75
Discounted operations
Profit from discounted operation	129.74	733.27
Tax expense	7.21	151.33
Profit for the year	10,302.06	12,187.69
Other comprehensive income for the year
Items that will be reclassified to P/L
Changes in fair value of FVOCI of debt instrument	-7.23	30.55
Changes in foreign currency translation reserves	40.21	8.57
Items that will not be reclassified to P/L
Remeasurement of post employment benefit obligation	8.62	-4.57
Remeasurement of post employment benefit obligation pertaining to discounted operation	0.25	-1.92
Changes in fair value of FVOCI equity instrument	22.61	7.41
Share of other comprehensive income of associates accounted using equity method	4.57	2.69
Total comprehensive income for the year	10,371.09	12,230.48
Earning per share
Basic	41.62	49.24
Diluted	41.62	49.24

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

Particulars	31-03-2026	31-03-2025
Cash Flow from Operating Activities
Net Profit/(loss) Before Tax (continuing and discontinuing operations)	14,025.32	16,208.05
Adjustment for -:
Depreciation and amortisation	625.52	570.21
Interest on lease liabilities	40.33	29.95
Allowance on expected credit loss	2.51	10.87
Interest income from financial assets at amortised cost	-879.83	-745.27
Interest income from investment designated at fair value through other comprehensive income	-155.12	-168.42
Income from investment	-841.69	-958.17
Dividend income	-0.52	-
Rental income	-10.79	-8.95
Net gain on financial assets measured at fair value through FVTPL	-553.03	-643.47
Net gain on sale of financial assets measured at FVTPL	-353.50	-378.79
Net gain on sale of PPE	-1.29	-18.18
Profit on sale on investment in associates	-1,200.94	-1,209.47
Share of net profit of associates accounted by using equity method	-108.19	-128.86
Profit from sale of investment in subsidiaries classified in discontinued operation	-122.08	-773.70
Reversal in value of investment	-	-3.83
Write off intangible assets under development	0.93	0.54
Adjustment for change in working capital
Trade receivables	-953.59	348.92
Trade payables	50.38	117.10
Other financial assets	-3.15	-296.01
Other assets	642.02	181.61
Other financial liabilities	14,484.07	-5,496.10
Other current liabilities	898.64	79.15
Provision	79.91	-623.87
Other liabilities	347.48	438.54
Proceeds from deposits from trading member, clearing member, applicant and other	1,003.90	3,165.06
(contribution)/withdrawal of core SGF funds	51.79	-1,952.66
Cashflow generated from operations	27,069.08	7,744.25
Income tax paid	-3,232.90	-3,652.76
Net Cash from/(used in) Operating Activities	23,836.18	4,091.49
Cash Flow from Investing Activities
Payment of PPE and intangible assets	-1,754.78	-1,305.69
Proceeds from PPE and intangible assets	14.29	29.95
Proceeds from rental income	10.79	8.95
(payment)/proceeds from investment	2,324.97	-5,292.05
Proceeds from sale of investment in associates	1,384.67	1,448.44
Proceeds from sale of discontinued operation assets	210.98	1,382.21
(payment) for investment in associates	-	-20.00
(payment) from fixed deposits/ bank balances other than cash and cash equivalent	-4,114.15	-3,280.85
Interest received	1,860.43	1,584.26
Dividend received	16.93	13.80
Net Cash from/(used in) Investing Activities	-45.87	-5,430.98
Cash Flow from Financing Activities
Dividend paid	-8,661.67	-4,454.48
Acquisition of non controlling interest subsidiary	-	-42.12
Payment of lease liabilities	-106.85	-73.20
Interest on lease liabilities	-40.33	-29.95
Net Cash from/(used in) Financing Activities	-8,808.85	-4,599.75
Net Increase/decrease in Cash & cash equivalents	14,981.46	-5,939.24
Cash and cash equivalents at the beginning of the year	17,323.00	23,262.24
Cash and cash equivalents at the end of the year	32,312.24	17,323.00

Summary of the Cash Flow Statement for the years 2026 and 2025:

Cash Flow from Operating Activities

The company’s operating cash generation strengthened significantly in FY 2025–26, with net cash from operating activities rising to ₹23,836.18 crore from ₹4,091.49 crore in FY 2024–25. This sharp improvement was driven primarily by a substantial positive movement in “other financial liabilities” and overall working capital changes, which contributed heavily to cash inflows. Despite a decline in profit before tax (₹14,025.32 crore vs ₹16,208.05 crore), strong non-cash adjustments such as depreciation, amortisation, and large reversals from financial asset gains helped support operating cash flow. Income taxes paid remained relatively stable, meaning the improvement is fundamentally operational rather than tax-driven.

Cash Flow from Investing Activities

Investing activities showed a marginal outflow of ₹45.87 crore in FY 2025–26 compared to a much larger outflow of ₹5,430.98 crore in the previous year, indicating a significant reduction in net investment intensity. While capital expenditure on PPE and intangibles remained steady, the impact was offset by higher inflows from investment sales, associates, and discontinued operations. Additionally, proceeds from investments and interest income supported liquidity, while increased placements in fixed deposits and bank balances partially offset these inflows. Overall, the investing cash flow profile reflects a more balanced and liquid deployment strategy compared to the prior year’s heavy outflows.

Cash Flow from Financing Activities

Financing cash flows recorded a higher net outflow of ₹8,808.85 crore in FY 2025–26 compared to ₹4,599.75 crore in FY 2024–25, mainly due to a substantial increase in dividend payouts (₹8,661.67 crore vs ₹4,454.48 crore). Lease-related payments and interest costs remained relatively minor but consistent contributors to outflows. The data clearly indicates that the company returned significantly more capital to shareholders during the year, making dividends the dominant driver of financing cash outflows.

Net Increase/decrease in Cash & cash equivalents

Overall, the company recorded a strong net increase in cash and cash equivalents of ₹14,981.46 crore in FY 2025–26, reversing the previous year’s decline of ₹5,939.24 crore. This improvement was primarily driven by strong operating cash inflows, which more than offset the combined outflows from investing and financing activities. The closing cash balance increased substantially to ₹32,312.24 crore from ₹17,323.00 crore, indicating a materially stronger liquidity position and improved cash generation efficiency.

Cash and cash equivalents at the beginning of the year

The opening cash balance stood at ₹17,323.00 crore, which reflected a relatively weaker liquidity position carried forward from FY 2024–25 due to negative net cash movement in that year. This starting base highlights the extent of improvement achieved during FY 2025–26 in both operational performance and overall cash management.

Cash and cash equivalents at the end of the year

The year ended with a significantly stronger cash position of ₹32,312.24 crore, nearly doubling the prior year’s closing balance. This substantial accumulation of cash reflects strong operational resilience, controlled investment outflows, and higher dividend-driven financing outflows being more than offset by robust operating cash generation. The elevated closing balance indicates a strong liquidity buffer and enhanced financial flexibility going forward.