Stock Exchange Stocks and Companies in India

The largest Stock Exchange stocks in India by market value are BSE (₹1.55 lakh crore), MCX (₹85,908 crore) and IEX (₹9,922 crore), at prices of 4 Nov 2026.

• BSE: ₹3,510.40 | market value ₹1.55 lakh crore | P/E 50.2
• MCX: ₹3,188.80 | market value ₹85,908 crore | P/E 47.8
• IEX: ₹111.27 | market value ₹9,922 crore | P/E 19.0

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

All 3 listed Indian Exchanges companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Exchanges index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. Every figure is equal-weighted across those companies and carries its own as-of date.

1. BSE Ltd₹1.5 lakh cr
2. Multi Commodity Exchange of India Ltd₹85,900 cr
3. Indian Energy Exchange Ltd₹9,000 cr

3 Stock Exchange companies in the Exchanges industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 3 are listed below, largest first. The largest is BSE (₹1.55 lakh crore) and the smallest with a market value is Indian Energy Exchange.

Download all 3 Stock Exchange companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 64% ahead of NIFTY 500. Earnings across its companies grew 87% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 4 weeks running.

Price and the fundamentals both up. 1 of 3 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Ahead of NIFTY 500 on the three-month view for 4 weeks running; 2 of the 3 companies in the industry index above their 200-day average (1 more than four weeks earlier); 1 of those 3 pass the momentum test (no change from four weeks earlier); earnings rising at 3 of the 3 that report earnings.

Ahead of NIFTY 500 for 4 weeks after being behind, with 1 → 1 of 3 participating. Earnings confirming, 3 of 3 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Exchanges has done better than the NIFTY 500 by 33.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 4.1%. Multi Commodity Exchange of India Ltd is the strongest against the sector itself at +16%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 20.5 as of 30 October 2026 (broadening, falling).

Exchanges has done better than the NIFTY 500 by 33.8% over 52 weeks and by 4.1% over 13 weeks. 1 of 3 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 2 of 3 are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Multi Commodity Exchange of India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 79.3% evidence confidence.

Indian Energy Exchange Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

Multi Commodity Exchange of India Ltd has the strongest one-year price move in Exchanges at +72.5%. It also leads on relative strength against the NIFTY, at +24.3%. 2 of 3 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Exchanges itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

The fundamental spine is among the cleanest in the universe: revenue ran ₹806 Cr (2015) to ₹7,752 Cr (2026), ~9.6x, while profit exploded from a ₹303 Cr base (trough ₹292 Cr 2016) to ₹4,312 Cr (2026), ~14x, earnings compounded faster than revenue, the fixed-cost exchange-platform fingerprint. Operating leverage is in the margin curve: operating margin marched from a 32.49% low to its 67.61% latest reading, the series maximum.

From our industry review of 14 June 2026. A newer review (10 October 2026) did not cover Exchanges, so this is the latest we have.

1 of 4 Exchanges companies held a results call for July to September 2026. Indian Energy Exchange guided: FY27 electricity volume growth around 15%.

From the results calls for July to September 2026.

Big funds, foreign and Indian, raised their stake by 1.0 points over the last two quarters. Spending on new plants and equipment was ₹5,308 crore in the last 12 months, 211% more than a year before.

• Projects still being built grew 49% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 3 Exchanges companies, in percentage points.

Ownership and spending as of 10 October 2026.

BSE Ltd has the highest Revenue among the 3 Exchanges companies compared here, at ₹5,442 crore. Multi Commodity Exchange of India Ltd is next at ₹3,057 crore. Multi Commodity Exchange of India Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: BSE Ltd is the largest at ₹5,442 crore, 78% ahead of Multi Commodity Exchange of India Ltd. Multi Commodity Exchange of India Ltd's growth is capped at 100% on the scoring scale; the full change over the last 12 months is 128.3% from a ₹3,057 crore base, with 16 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: BSE Ltd is the size to compare against; Multi Commodity Exchange of India Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: BSE Ltd's growth falls below Multi Commodity Exchange of India Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Indian Energy Exchange Ltd has the highest OPM among the 3 Exchanges companies compared here, at 85%. Multi Commodity Exchange of India Ltd is next at 76%. Multi Commodity Exchange of India Ltd has the highest Margin change at +11 percentage points, so level and change sit with different companies.

What the numbers say: Indian Energy Exchange Ltd leads opm at 85%; Multi Commodity Exchange of India Ltd leads margin change at +11 percentage points.

What this means: Indian Energy Exchange Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

BSE Ltd has the highest Net profit among the 3 Exchanges companies compared here, at ₹2,822 crore. Multi Commodity Exchange of India Ltd is next at ₹1,799 crore. Multi Commodity Exchange of India Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: BSE Ltd earns the most, ₹2,822 crore of profit over the last 12 months, 56.9% above Multi Commodity Exchange of India Ltd. Multi Commodity Exchange of India Ltd shows at least 100% on the scoring scale (158.8% in full) growth from a profit base of ₹1,799 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: BSE Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Multi Commodity Exchange of India Ltd has the highest ROCE among the 3 Exchanges companies compared here, at 71.4%. BSE Ltd is next at 60%. The same company also has the highest ROCE change, at +28 percentage points. 3 of 3 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Multi Commodity Exchange of India Ltd leads ROCE at 71.4%, 11.4 percentage points above BSE Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Multi Commodity Exchange of India Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

No quarter-by-quarter ROCE chart yet: these companies have too few comparable reported quarters. The latest figures are in the table below.

Withheld from this chart: BSE Ltd (BSE): its two data sources disagree by up to 39% on reported income across 14 comparable periods, so its derived ratios are withheld; Multi Commodity Exchange of India Ltd (MCX): its two data sources disagree by up to 14% on reported income across 15 comparable periods, so its derived ratios are withheld; Indian Energy Exchange Ltd (IEX): its two data sources disagree by up to 29% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

No company in this Exchanges comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, Indian Energy Exchange Ltd is lowest at 17.2× at the latest share price, across 3 of 3 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

Not enough comparable data.

P/E · lowest P/E

All-company data · latest reported quarter

PEG is left out: no company here reports it on a comparable basis.

Exchanges companies show up on 6 of our India lists. The most are on the momentum stocks list (1 company).

This Exchanges comparison names 6 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 3 have second-source figures left out because the two sources disagree. 1 of the 5 ranked sections has fewer than three usable current readings.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 3 companies are missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.
• Thin comparisons: Valuation have fewer than three usable current readings.

This comparison is built from the reported filings of 3 Exchanges companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

3 of 3 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: BSE Ltd (BSE): its two data sources disagree by up to 39% on reported income across 14 comparable periods, so its derived ratios are withheld; Multi Commodity Exchange of India Ltd (MCX): its two data sources disagree by up to 14% on reported income across 15 comparable periods, so its derived ratios are withheld; Indian Energy Exchange Ltd (IEX): its two data sources disagree by up to 29% on reported income across 15 comparable periods, so its derived ratios are withheld.

These 21 answers restate the Exchanges comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.