1. 1Delhi Stock Exchange Essentials
    1. 1.1 Delhi Stock Exchange ISIN
    2. 1.2 Delhi Stock Exchange Face Value
    3. 1.3 Delhi Stock Exchange Total Share
    4. 1.4 Delhi Stock Exchange Total Income
    5. 1.5 Delhi Stock Exchange Profit After Tax
    6. 1.6 Delhi Stock Exchange Promoter Holding
    7. 1.7 Delhi Stock Exchange EPS
    8. 1.8 Delhi Stock Exchange P/E
    9. 1.9 Delhi Stock Exchange P/B
    10. 2.0 Delhi Stock Exchange Market Capitalisation
    11. 2.1 Delhi Stock Exchange Enterprise Value
    12. 2.2 Delhi Stock Exchange Book Value
    13. 2.3 Delhi Stock Exchange Intrinsic Value
    14. 2.4 Delhi Stock Exchange Earnings Yield
    15. 2.5 Delhi Stock Exchange Dividend Yield
    16. 2.6 Delhi Stock Exchange Sector
    17. 2.7 Delhi Stock Exchange Sub-sector
    18. 2.8 Delhi Stock Exchange Category
    19. 2.9 Delhi Stock Exchange Cashflow - Operations
    20. 3.0 Delhi Stock Exchange Cashflow - Financing
  2. 2Delhi Stock Exchange Growth
    1. 2.1 Delhi Stock Exchange Compounded Sales Growth
    2. 2.2 Delhi Stock Exchange Compounded Profit Growth
    3. 2.3 Delhi Stock Exchange Return On Equity
  3. 3 About Delhi Stock Exchange
  4. 4 Delhi Stock Exchange IPO Details
  5. 5 Delhi Stock Exchange Funding
  6. 6 Delhi Stock Exchange Merger & Acquisition
    1. 6.1 Delhi Stock Exchange Merger
    2. 6.2 Delhi Stock Exchange Acquisition
    3. 6.3 Delhi Stock Exchange Investments
  7. 7 Delhi Stock Exchange Subsidiaries
  8. 8 Delhi Stock Exchange Business Model
  9. 9 Delhi Stock Exchange Revenue Segmentation
  10. 10 Delhi Stock Exchange Product & Services
  11. 11 Delhi Stock Exchange Assets
  12. 12 Delhi Stock Exchange Industry Overview
    1. 12.1 Delhi Stock Exchange Industry Statistics
    2. 12.2 Delhi Stock Exchange Future Prospects
    3. 12.3 Delhi Stock Exchange Government Initiatives
  13. 13 Delhi Stock Exchange Awards & Achievements
  14. 14 Delhi Stock Exchange SWOT
    1. 14.1 Delhi Stock Exchange Strengths
    2. 14.2 Delhi Stock Exchange Shortcomings
    3. 14.3 Delhi Stock Exchange Opportunities
    4. 14.4 Delhi Stock Exchange Government Threats
  15. 15 Delhi Stock Exchange Rating
  16. 16 Delhi Stock Exchange Detail Info

Delhi Stock Exchange Essentials

Discover and get a complete analysis on Delhi Stock Exchange Pre IPO - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and get latest updates on Delhi Stock Exchange Financial Statements.



Face Value


Total Share


Total Income

₹6.09 Cr

Profit After Tax

₹2.64 Cr







Market Capitalisation

₹43.66 Cr

Enterprise Value

-₹6.87 Cr

Book Value


Earnings Yield

6.04 %




Stock Exchange & Ratings


Micro Cap

Cashflow - Operations

-₹0.78 Cr

Delhi Stock Exchange Growth

Compounded Sales Growth

  • -11.40%

    1 Year

  • -9.58%

    3 Year

  • -6.61%

    4 Year

Pro Only

Compounded Profit Growth

  • 186.08%

    1 Year

  • 133.82%

    2 Year

  • 6.72%

    4 Year

Pro Only

Return On Equity

  • 3.28%


  • 1.17%


  • 1.70%


Pro Only

About Delhi Stock Exchange

  • DSE ESTATES LIMITED (formerly known as Delhi Stock Exchange Limited (DSE)) is located in Delhi. Previously, the company use to provide securities trading platforms of other stock exchanges to its members through its sub-brokers. It offers capital market-related services in the segments, such as cash, equity derivative, currency derivative, Depository Participant (DP), and public issues desk. 
  • Currently, the company is in the broking business only where it offers a platform to its customers to trade in the different segments like derivative and cash. 
  • DSE, one of the oldest Stock Exchanges in the country, was established in the year 1947, the year of Indian Independence. Since then, it has played a key role in the development of the economy by facilitating investments in different sectors, thereby creating a reasonably encouraging equity cult in the northern belt of India.
  • DSE, from its inception, has been helping the companies around, in terms of the creation of capital and net worth. It has contributed in its inimitable way, to spreading financial literacy amongst the larger populace.
  • During the year 2007-08, DSE successfully completed the demutualization process with a minimum public holding of 51%.
  • DSE has set an ambitious path of reviving its trading operations soon backed by global technology and skills matching the best in the Industry.
  • DSE would soon regain its position as the premier active Stock Exchange in India. DSE intends to channel its productive resources toward contributing significantly to the growth of the Capital Market in India.

  • Delhi Stock Exchange IPO Details

DSE Estates Limited has no plans to bring an IPO as on 31st March 2020

  • Delhi Stock Exchange Subsidiaries

  • Delstox Stocks And Shares Limited (DSSL)

Delhi Stock Exchange Business Model

  • DSSL is providing a trading platform to the members of DSE in National Stock Exchange and Bombay Stock Exchange for Cash and F&O segments.
  • DSSL is a depository participant (DP) of Central Depository Services Limited (CDSL) provides the depository facilities to its clients.
  • Delhi Stock Exchange Revenue Segmentation

  • Brokerage Income
  • Depository Income
  • Other Income
  • Delhi Stock Exchange Product & Services

  • DSE Estates Limited is engaged in the business of renting and leasing of commercial properties
  • DSE Estates Limited through its subsidiary DSSL is providing a trading platform to the members of DSE in National Stock Exchange and Bombay Stock Exchange for Cash and F&O segments.
  • DSSL is also a depository participant of CDSL providing the depository facilities to its clients.
  • Delhi Stock Exchange Assets

ASSETS (2020)
Property, Plant & Equipment 0.2
Current Assets3.7
  • Delhi Stock Exchange Industry Overview

Industry Statistics

  • A stock broker is a financial institution that provides services to the investors in the capital market and facilitates them to buy and sell the securities like equities, bonds, commodities, currency, and bullion.

Business Model:-

Stock Brokers earn money by providing the following services:-

  • Brokerage fee:- Brokerage business primarily consists of brokerage services that are offered to retail customers and institutional clients for trading equities, equity derivatives, currency derivatives, ETFs, and overseas securities. Brokerage fees are charged based on the volume and size of transactions customers enter into.
  • Distribution:- Distribution business primarily consists of the distribution of financial products and services offered by third parties to the customers. These products include mutual funds, insurance products, portfolio management schemes, alternative investment funds, fixed deposits, loans, tax services, and pension products. Stock Brokers earn commissions from third parties for the distribution of their products, which may be in the form of recurring commissions for longer-term products.
  • Investment Banking:- Investment banking business consists of equity capital markets services and financial advisory services that cater to corporate clients, the government, and financial sponsors. 

  Market Size:-

  • The size of the Indian capital market stood at $2.5 trillion (trn) as of 31st March 2020.

Key Trends

  • Low retail investor participation: Retail investors constitute only approximately 13.0% of the stock ownership in India. The number of Demat accounts in India is less than 10.0% of the number of banking accounts. This indicates a strong potential for greater participation of retail investors in Indian capital markets.
  •  Lack of financial literacy:- Only 24.0% of people in the country are financially literate. 
  • High reliance on banks and NBFCs for corporate funding: The growth of corporates in India has been fueled by the banking sector to a large extent. The share of corporate loans to total corporate credit is approximately 65.0%. 
  • Increasing Free Float:-Driven by SEBI’s raising of minimum public shareholding to 25.0%, promoter holding has been on a decline. As a result, free float levels in India have been rising.

Key Drivers

  • Ease of access: Supported by the boom in the telecom sector (internet and mobiles), as well as the launch of banking services on mobile phones and the rise of fin-tech companies that focus on customer experience, it is expected that accessibility of organized financial services will improve dramatically 
  • Greater confidence in the markets: SEBI has taken a number of steps to improve corporate governance and disclosure standards and to curb malpractices such as insider trading. In the medium term, these steps will lead to greater trust and confidence in capital markets 
  • Expected surge in IPOs:- Fundraising through public equity markets was at a record ₹1.7 trn in 2020, surpassing the previous high of ₹1.6 trn in 2017.
  • Urbanization: The India Economic survey estimates the proportion of the population living in urban areas as approximately 30.0%. The World Bank Group estimates the share of India’s population living in areas with urban-like features is approximately 55.0%. It is expected that the trend of urbanization will continue at a rapid pace until 2050. This implies that a vast and growing proportion of the population will have access to financial products, thereby enhancing the allocation of savings to financial assets 
  • Improving financial literacy levels: A number of focused programs are being run by the regulators towards this cause like NSE & BSE providing webinars and courses to empower people with the necessary knowledge.

Peers: - Since the company is in the business of providing broking platforms to its clients to trade on stock exchanges like NSE and BSE. Therefore, its relevant peers are JM Financial Limited, Anand Rathi Wealth Limited, and Motilal Oswal Financial Services Limited 

Future Prospects

  • GDP (growth in nominal GDP): Nominal GDP in India is estimated to grow at 8.0%-10.0% over the next 5 years. 
  • Market capitalization as % of GDP: It is estimated that in the next five years, market cap to GDP stays flat (i.e. 0% CAGR) or experiences modest growth (1.0%-2.0% CAGR). 
  • Wealth in India is expected to grow at a CAGR of 11.7% till FY25 and is likely to nearly double to Rs.8,11,293 bn by FY25
  •  Financial assets are expected to form almost 63.0% of the total individual assets by FY25 vs 57.0% in FY20 

Government Initiatives

  •  The focus on linking of Aadhaar card to bank accounts through Pradhan Mantri Jan Dhan Yojana is expected to be instrumental in further pushing financial inclusion and drive a step change in key financial markets indicators.  
  • RBI’s announcement on caps on bank’s exposure to large conglomerates.
  • SEBI allowed FPIs to trade in the corporate bonds segment directly. 
  •  Increased public spend in infrastructure, passage of Goods and Services Tax, focused efforts to improve ease of doing business, launching of industrial corridors, movements such as ‘Start-up India’, ‘Make in India’, ‘Skill India’, ‘Digital India’, “India Stack”. These efforts are likely to serve as a catalyst for growth in the Indian economy.  
  • In November 2020, two MOUs were signed—one between India International Exchange (India INX) and Luxembourg Stock Exchange and another between State Bank of India and Luxembourg Stock Exchange for cooperation in financial ser-vices, ESG (environmental, social and governance) and green finance in the local market.

Delhi Stock Exchange Strengths

  • DSE is in existence since 1947 and has a very old legacy and brand name.
  • DSE has an asset-light business and thus is scalable. The number of Demat accounts for the company has increased to 3350 in FY20 from 3237 in FY18 
  • Business is agile to meet growing customer needs. DSE provides the trading platform on NSE & BSE in cash segment

Delhi Stock Exchange Shortcomings

  • Company is not doing any significant technological upgradation and therefore losing its clients. The number of active clients of the company has decreased to 822 in FY20 from 868 in FY19
  • Company is very focused on providing futures & options services on NSE only and does not cater to traders trading in futures and options on BSE
  • Expense on the advertisement & marketing is nil which is a barrier to brand awareness

Delhi Stock Exchange Opportunities

  • Only 3.0% of the total Indian population is investing in the market and with the rise in the Indian population actively investing in the market, a huge opportunity opens up to cater to this demand.
  •  Company has great opportunity to grow in currency, commodity & bullion market

Delhi Stock Exchange Threats

  • New players are entering the market providing better and faster services. Zerodha has grown its market share to 17.4% within a few years
  • Brand awareness of the peers is increasing as they are expensing out in advertisement & marketing 
Delhi Stock Exchange Rating



  • Delhi Stock Exchange Detail Info

Industry Statistics


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Reg Office: DSE House 3 /1, Asaf Ali Road New Delhi - 110 002

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