NSE Unlisted Share
BUY
₹ 1,885.00
SELL
₹ 1,920.00
As on 29 Jul 2026, 05:50 PM, we are buying shares of the NATIONAL STOCK EXCHANGE OF INDIA LTD for ₹ 1,885.00 and selling them for ₹ 1,920.00 per share.
About NSE Unlisted Share
What Are NSE Unlisted Shares?
Normally, only public market investors have a claim to shares in a capital markets exchange. With NSE's own shares still unlisted, market participants are left to negotiate off-exchange. Investors are not usually drawn to the operational stake they would have in the exchange; rather, they appreciate the investment for the potential capital gains they expect when a listing occurs.View More
How Is the NSE Unlisted Share Price Determined?
NSE's equity has no formal listing; therefore, no official price on the exchange. The valuation, therefore, is arrived at through off-market negotiations, which transact more as a price band and less as a specific number. Because the market's unlisted equities are not as liquid, the mechanisms for valuation and the establishment of price points are less dynamic. NSE unlisted share price can be less responsive to news compared to the shares of listed companies. A few things define the range at a given time:- How busy the private market is, including the volume of transactions.
- The total number of simultaneous active buyers/sellers.
- The premiums that the buyers are willing to pay.
Why This Stock Gets So Much Attention
The unlisted shares of NSE are spoken about for a few structural reasons:- Most credible and largest exchange by trading in India.
- Most services offered are core to the exchange, clearing, and data.
- Offers services for cash, derivatives, and all market segments.
All the elements combine to make NSE's unlisted shares a sentiment barometer for the overall unlisted share market in India.
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Pros
- Captures most of India's rapidly expanding capital market segments.
- Generates strong ROE of 33–45% with a capital-light, debt-free, and cash-rich business model.
- Direct beneficiary of the continued growth and deepening of India's capital markets.
- Diversified revenue streams with earnings not solely dependent on trading transactions.
Cons
- Approx. ₹15 billion settlement obligation arising from a multi-year SEBI investigation.
- High dependence on transaction charges, which contribute approximately 78.7% of total revenue.
- Expected decline in margins and Profit After Tax (PAT) during FY26.
- Pending Colocation and Dark Fiber cases before the Supreme Court.
Key Details
| Share Name | Particulars |
|---|---|
| NATIONAL STOCK EXCHANGE OF INDIA LTD. | 1920 |
| Shares Price | Per Equity Share |
| Minimum Lot Size | Shares Worth Rs. 20000 |
| Depository | NSDL & CDSL |
| PAN Number | AAACN1797L |
| ISIN Number | INE721I01024 |
| CIN | U67120MH1992PLC069769 |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 514800 |
| P/E Ratio | 48.99 |
| P/B Ratio | 15.53 |
| Debt to Equity | 0 |
| ROE (%) | 31.7 |
| Book Value | 123.63 |
| EPS | 41.13 |
| Face Value | - |
| Total Shares | 2681250000 |
Financials
| P&L Statement | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | 16601 | 15433 | 13510.54 | 11181.03 |
| Cost of Material Consumed | 0 | 0 | 0 | 0 |
| Gross Profit Margins | 100.00% | 100.00% | 100.00% | 100.00% |
| EBITDA | 11225 | 10243.14 | 7710.68 | 8243.48 |
| EBITDA Margins | 67.62% | 66.37% | 57.07% | 73.73% |
| EBIT | 10602 | 14206.31 | 8820.64 | 9452.43 |
| EBIT Margins | 63.86% | 92.05% | 65.29% | 84.54% |
| PBT | 13896 | 14206.31 | 8820.64 | 9452.43 |
| PAT | 10180 | 11245.7 | 6635.31 | 7232.9 |
| NPM | 61.32% | 72.87% | 49.11% | 64.69% |
| EPS | 41.13 | - | - | - |
| Cash Flow Statement | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash from Operating Activity | 23836 | 7019.05 | 9198.51 | 4800.29 |
| Cash from Investing Activity | -46 | -3304.36 | -5021.87 | -2154.68 |
| Cash from Financing Activity | -8809 | -4523.43 | -3990.59 | -2094.41 |
| Net Cash Flow | 14981 | -808.74 | 186.05 | 551.2 |
| Assets | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Fixed Assets | 1236 | 1446.77 | 1014.95 | 961.97 |
| CWIP | - | - | - | - |
| Investments | 29342 | 23183.88 | 17417.66 | 11411.38 |
| Trade Receivables | 2468 | 1412.37 | 1664.65 | 1488.48 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Assets | 54891 | 7732.93 | 7123.7 | 6957.36 |
| Total Assets | 87937 | 33775.95 | 27220.96 | 20819.19 |
| Liabilities | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Share Capital | 247.5 | 247.5 | 49.5 | 49.5 |
| Reserves | 31866 | 25940.28 | 19312.28 | 16626.91 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | - | - | - | - |
| Other Liabilities | 55823.5 | 7588.17 | 7859.18 | 4142.78 |
| Total Liabilities | 87937 | 33775.95 | 27220.96 | 20819.19 |
Peer Comparison
| Company | Market Cap (cr.) | Revenue (cr.) | P/E | P/B | ROE (%) |
|---|---|---|---|---|---|
| NATIONAL STOCK EXCHANGE OF INDIA LTD. | 514800 | 16601 | 48.99 | 15.53 | 32% |
| METROPOLITAN STOCK EXCHANGE OF INDIA LIMITED | 6545.13 | 3.4 | -253.69 | 4.8 | -2% |
| ORBIS FINANCIAL CORPORATION LIMITED | 4819.78 | 556.16 | 23.88 | 5.38 | 23% |
| NATIONAL COMMODITY AND DERIVATIVES EXCHANGE LIMITED | 3175.2 | 90.4 | -69.03 | 2.12 | -3% |
| POWER EXCHANGE INDIA LIMITED | 3128.15 | 86.4 | 92.08 | 24.54 | 26% |
| HINDUSTAN POWER EXCHANGE LIMITED | 1491.75 | 31.44 | 144.74 | 22.18 | 16% |
Promoters or Management
| Name | Designation | Share in % |
|---|---|---|
| G.C Chaturvedi | Chairman | - |
| Shri Ashishkumar Chauhan | CMD | - |
| Public Shareholding | - | 100% |
| Promoter | - | 0% |
Frequently Asked Questions
1. What is the status of NSE’s ISIN status?
NSE’s ISIN was activated as on 24 March, 2025. This means that now, the earlier delivery process of stage 1 and stage 2 is not required now. NSE’s shares can be normally transferred with T+1 settlement after this activation.
2. Has NSE sold any subsidiary?
The National Stock Exchange (NSE) has sold its education company, TalentSprint, to Accenture for ₹245 crores. This move was made because SEBI, the stock market regulator, wants stock exchanges to focus only on their main jobs—like handling trades, keeping markets fair, and watching for fraud. SEBI has told exchanges to stay away from side businesses that aren’t directly related to running the stock market. TalentSprint, which trains people in areas like AI and tech skills, didn’t fit that core purpose, so NSE decided to exit the business.
3. Has NSE issued any bonus shares in the last year?
Yes, NSE did issue bonus shares in the ratio of 4:1 back in May 2024. This increased the total number of shares to 2,47,50,00,000 whilst adjusting its share price to 1/5 of pre issue price.
4. Any recent updates of NSE?
NSE has been granted permission by SEBI to start trading facilities in Electricity derivatives. Also, its Q4 financials suffered a lot from weekly expiry of its contracts being removed by SEBI.
5. What is the status of NSE’s IPO?
NSE’s IPO has been delayed due to regulatory compliances by SEBI. Although they have applied for a No-objection certificate, SEBI hasn’t granted them their NOC. It will only be granted after these issues have been resolved. Only then will NSE will be able to list its share. SEBI and NSE are working closely to resolve these issues.
Is it true that NSE still remains unlisted?
Yes, as of now, NSE remains unlisted, and shares are available via private secondary transactions.
Is investing in unlisted NSE shares a long-term investment?
Investing in unlisted NSE securities is a long-term investment, and that is why they are often studied from a long-term perspective, including their fundamentals, disclosures, and governance, to evaluate and draw conclusions.
Where can I check the current unlisted NSE share prices?
Reliable private market platforms and seasoned intermediaries provide regular updates and unlisted NSE share prices. Investors can visit Delisted stocks to gather current insights regarding unlisted shares in India.