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SM | How Entrepreneurs became Millionaire (Mln)

6 Feb, 7 tweets, 2 min read

@dmuthuk

#NationalStockExchange #NSE #UnListedIndianCompany

3QFY21

Key Highlights

Time for thread 👇🏻👇🏻👇🏻

@dmuthuk

(1/n)

NSE has shown a robust revenue growth of 46% YoY for the first 9MFY21. It has clocked revenue of 4237 Crores in the first 9MFY21 as compared to 2886 Crores in the same period last year.

(2/n)

NSE has clocked a PBT of 3100 Crores in the first 9MFY21 as compared to 1967 Crores last year.

(3/n)

In the 9MFY21 quarter, the NSE has clocked an EPS of 64.

(4/n)

Trading services during the first 9MFY21 saw tremendous growth as a lot of retail investors participated in the market.

(5/n)

Valuation
If we annualize the 9MFY21 results , NSE can easily fetch an EPS of 80 this year. Currently, it is trading at 1850 in the unlisted market. Accordingly, the P/E based on FY21 earning would come around 23.

(6/n)

In the listed segment, BSE currently trading at P/E of 23. With NSE almost 6x more trading volume than BSE, it can easily command a P/E of 30 for fair value. If we give P/E of 30 to NSE, the fair value comes out to be ~2400.

(7/7)

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(1/n)

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(2/n)

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