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<p>Vikram Solar, a leading solar energy solutions provider in Unlisted Market, has made headlines with two major announcements that underscore its growing influence in India's solar manufacturing sector. On May 17, Vikram Solar revealed that it had secured a 397.7 megawatt peak (MWp) solar module supply order from NTPC Renewable Energy Ltd. for NTPC’s Khavda plant in Gujarat. This substantial order is part of the larger 1,255 MW Khavda Solar Project, a significant initiative that adheres to the Domestic Content Requirement (DCR), supporting India's push for domestic solar manufacturing.</p> <p>In addition to this, on May 2, Vikram Solar secured a 250 MW order from Gujarat Industries Power Company Limited (GIPCL) for high-efficiency bifacial photovoltaic (PV) modules. These orders not only highlight Vikram Solar’s industry prominence but also its alignment with the "Make in India" initiative and its focus on innovation and advanced technology.</p> <p><strong>What is DCR?</strong></p> <p>The Domestic Content Requirement (DCR) is a policy mechanism used to support and promote local manufacturing industries. In the context of solar energy projects in India, the DCR mandates that certain components, particularly solar cells and modules, must be sourced domestically. This requirement aims to boost the domestic solar manufacturing industry, reduce dependency on imports, and foster the growth of local businesses.</p> <p><strong>Key Highlights</strong></p> <p><strong>1. Major Supply Order for NTPC’s Khavda Project:</strong></p> <p>Vikram Solar's 397.7 MWp supply order from NTPC Renewable Energy Ltd. is a testament to the company's capabilities in delivering large-scale solar solutions. The Khavda project, with a total capacity of 1,255 MW, is a critical component of India's renewable energy expansion.</p> <p><strong>2. Compliance with Domestic Content Requirement (DCR):</strong></p> <p>The adherence to the DCR demonstrates Vikram Solar’s commitment to boosting domestic manufacturing. This requirement ensures that a significant portion of the project’s components are sourced from within India, fostering local industry growth and reducing dependency on imports.</p> <p><strong>3. Significant Order from Gujarat Industries Power Company Limited:</strong></p> <p>The 250 MW order from GIPCL involves high-efficiency bifacial PV modules, which are known for their ability to capture sunlight on both sides, thus increasing overall efficiency and energy yield. These modules range in capacity from 540Wp to 570Wp, highlighting the technological advancements that Vikram Solar brings to the table.</p> <p><strong>4. Strategic Alignment with National Initiatives:</strong></p> <p>Both orders align with the "Make in India" initiative, which aims to enhance indigenous manufacturing capabilities. By focusing on domestic production and innovative technologies, Vikram Solar is playing a crucial role in achieving India’s renewable energy targets.</p> <p><strong>Industry Impact and Future Outlook</strong></p> <p>These recent developments position Vikram Solar as a key player in India’s solar manufacturing industry. The company’s ability to secure large-scale orders from prominent organizations like NTPC and GIPCL underscores its reliability and the trust it has built within the industry. Gyanesh Chaudhary, Chairman & Managing Director of Vikram Solar, emphasized the strong partnership with NTPC, citing a shared commitment to excellence.</p> <p>The orders not only reflect Vikram Solar’s strategic focus on innovation but also its commitment to supporting local manufacturing. The estimated value of the 397.7 MWp supply order for NTPC's Khavda project stands at $200 million, indicating the significant economic impact of such projects.</p> <p><strong>Technological Advancements</strong></p> <p>The use of bifacial PV modules in the GIPCL order showcases Vikram Solar’s dedication to leveraging cutting-edge technology. These modules, approved under the Approved List of Models and Manufacturers (ALMM), ensure high standards and efficiency, contributing to cost-effective solar power solutions.</p> <p><strong>Contribution to Renewable Energy Goals</strong></p> <p>By securing these substantial orders, Vikram Solar is significantly contributing to India’s renewable energy goals. The company’s projects enhance solar energy capacity and support the country’s transition towards sustainable energy sources.</p> <p><strong>Conclusion</strong></p> <p>Vikram Solar’s recent achievements underscore its growing prominence in the solar manufacturing sector. The company's strategic alignment with national initiatives, focus on innovation, and commitment to excellence position it as a pivotal player in advancing India’s renewable energy landscape. These orders not only boost the domestic solar manufacturing industry but also pave the way for future technological advancements and economic growth.</p>
<p>Carat India, part of the dentsu network, has been awarded the television media mandate for Waaree Energies Limited, with a mission to enhance the company’s brand visibility nationwide.</p> <p>In this partnership, Carat will exclusively manage Waaree Energies’ television media strategy across India. Additionally, Carat will offer strategic planning and purchasing services for other traditional media, including print, radio, and digital channels. Posterscope, dentsu’s specialist in out-of-home (OOH) advertising, will handle the OOH media tasks. Carat’s data-driven approach aims to significantly boost Waaree Energies’ presence across multiple media platforms.</p> <p>Nilesh Malani, Chief Marketing Officer of Waaree Energies Limited, highlighted the strategic rationale behind selecting Carat as their media partner. “Choosing Carat is integral to our objective of amplifying our brand’s influence and supporting sustainable progress in India. We are confident in Carat India’s capability to develop creative and visually impactful campaigns that will engage our target audience, furthering our commitment to advancing the clean energy transition and fostering a greener future.”</p> <p>Anita Kotwani, CEO of Media, South Asia at dentsu, shared her excitement about the new partnership. “We are privileged to collaborate with Waaree Energies Limited and contribute to their growth journey in India. This partnership represents a key alignment of our expertise with Waaree Energies Limited's vision and ambition. Together, we aim to reach significant milestones and drive growth, emphasizing our dedication to excellence in every facet of our collaboration.”</p> <p>Sanchayeeta Verma, CEO of Carat India, also expressed her enthusiasm. “Waaree Energies Limited, as one of India’s top manufacturers of solar PV modules and a global leader, plays a vital role in India’s path to net zero emissions. At Carat, we are strongly committed to this mission, which aligns with dentsu’s Business to Business to Society (B2B2S) goals. We believe our expertise will be crucial in helping Waaree Energies realize its vision of delivering affordable sustainable energy solutions. We are thrilled to be appointed as ‘Partners on Record’ for Waaree Energies Limited.”</p> <p>This collaboration underscores Waaree Energies Limited’s dedication to sustainability and its mission to contribute to a cleaner, greener future.</p>
<p>Tata Motors is set to overhaul its financial structure by spinning off its vehicle financing subsidiaries operating under Tata Motors Finance and merging them into Tata Capital, as reported by The Economic Times. This strategic decision coincides with Tata Capital's plans to launch an initial public offering (IPO) by the end of the year.</p> <p>The proposed reorganization involves a share-swap deal in which Tata Motors will exchange its stake in Tata Motors Finance for shares in Tata Capital, held by Tata Sons, the group's holding entity. This transaction will result in Tata Motors securing a minority stake in Tata Capital, with Tata Motors Finance being valued between Rs 15,000 crore and Rs 20,000 crore, equating to 2.6 to 3.5 times its FY23 book value of Rs 5,625 crore. An official agreement is expected to be announced soon, with Bank of America acting as the advisor for Tata Motors.</p> <p>Tata Capital, which is 95% owned by Tata Sons, is a major player in the financial services sector within the Tata Group. Its product offerings include commercial and consumer loans, home loans, car loans, education loans, and loans against property, along with wealth management services, private equity, and the distribution of Tata Cards.</p> <p>In alignment with Reserve Bank of India (RBI) mandates, Tata Capital Financial Services and Tata Sons are classified as 'Upper layer' non-banking finance companies (NBFCs) and must be listed by September 2025. This restructuring is part of Tata Capital’s broader strategy to streamline its financial services into a single entity.</p> <p>For Tata Motors, this move will help reduce its debt load as the company continues to restructure its operations by separating its passenger vehicle and commercial vehicle businesses. By selling Tata Capital shares during the IPO, Tata Motors expects to realize substantial value. This strategic move aims to decrease Tata Motors' gross debt, of which 35% is net automotive debt, amounting to Rs 43,700 crore. This reduction will enhance financial clarity and stability, especially during downturns in the commercial vehicle market, which typically lead to higher provisions.</p>
<p>Nayara Energy, backed by Russian energy giant Rosneft, is set to invest ₹600 crore in establishing two ethanol production plants in India. These plants will be located in Naidupeta, Andhra Pradesh, and Balaghat, Madhya Pradesh. Each plant will have a daily production capacity of 200,000 kilolitres and is expected to be operational by 2026. The facilities will use broken rice and maize as feedstock. Prasad Panicker, Nayara's executive chairman, stated the company's long-term goal to operate five ethanol plants to support India's aim of achieving 20% ethanol blending by 2025.</p> <p>Beyond ethanol, Nayara is significantly expanding its petrochemical and refining operations. At its Vadinar refinery in Gujarat, the company will launch a new polypropylene unit. Additionally, Nayara plans to invest ₹6,000 crore in a new petrochemical unit and ₹4,000 crore in modernizing the refinery, with all projects slated for completion by 2026. Nayara currently holds an 8% share in India's refining capacity and the domestic fuel retail market. It aims to expand its fuel retail network from 6,600 to 10,000 outlets within the next three to four years.</p> <p>Panicker emphasized Nayara's commitment to diversifying its product portfolio and exploring sustainable aviation fuel (SAF). He noted the economic potential of SAF, driven by policy support, and revealed that the company is studying SAF production from ethanol and used cooking oil, with the possibility of integrating SAF production into its existing refinery operations.</p> <p> </p> <p>Let us understand this News with QnA.</p> <p>Q: What is Nayara Energy planning to do? <br />A: Nayara Energy is planning to invest ₹600 crore to set up two ethanol manufacturing plants in India, aiming to enhance its renewable energy portfolio and support India's ethanol blending goals.</p> <p>Q: Where will the new ethanol plants be located? <br />A: The ethanol plants will be located in Naidupeta, Andhra Pradesh, and Balaghat, Madhya Pradesh, providing strategic locations to optimize production and distribution across India.</p> <p>Q: What is the production capacity of each plant? <br />A: Each ethanol plant will have a production capacity of 200,000 kilolitres per day, significantly contributing to India's ethanol supply and blending targets.</p> <p>Q: What feedstock will the ethanol plants use? <br />A: The ethanol plants will utilize broken rice and maize as feedstock, ensuring the use of sustainable and readily available agricultural resources.</p> <p>Q: What is Nayara's long-term plan for ethanol production? <br />A: Nayara Energy aims to eventually operate five ethanol plants, scaling up its renewable energy production to support India's 20% ethanol blending goal by 2025.</p> <p>Q: Who is the executive chairman of Nayara Energy? <br />A: Prasad Panicker is the executive chairman of Nayara Energy, leading the company in its expansion and investment initiatives.</p> <p>Q: What is India's ethanol blending goal by 2025? <br />A: India's goal is to achieve 20% ethanol blending by 2025, a target Nayara Energy is committed to supporting through its new ethanol plants.</p> <p>Q: What refinery does Nayara Energy operate? <br />A: Nayara Energy operates a 20-million-metric-tonne oil refinery in Vadinar, Gujarat, one of the most complex refineries in India.</p> <p>Q: What new unit will Nayara launch at the Vadinar refinery? <br />A: Nayara will launch a polypropylene unit at the Vadinar refinery, enhancing its petrochemical production capabilities.</p> <p>Q: How much is Nayara investing in a petrochemical unit? <br />A: Nayara Energy is investing ₹6,000 crore in a new petrochemical unit to diversify its product offerings and increase production capacity.</p> <p>Q: What will be the annual capacity of the new petrochemical unit? <br />A: The new petrochemical unit will have an annual production capacity of 450,000 tonnes, contributing significantly to Nayara's petrochemical market share.</p> <p>Q: How much is Nayara investing in modernizing its refinery? <br />A: Nayara Energy is investing ₹4,000 crore in modernizing its Vadinar refinery to enhance its longevity, reliability, and operational efficiency.</p> <p>Q: When are these investments expected to be completed? <br />A: These investments in ethanol plants, petrochemical units, and refinery modernization are planned to be completed by 2026.</p> <p>Q: What share does Nayara hold in India's refining capacity? <br />A: Nayara Energy holds an 8% share in India's refining capacity, making it a significant player in the country's energy sector.</p> <p>Q: What share does Nayara hold in the domestic fuel retail market? <br />A: Nayara Energy holds an 8% share in the domestic fuel retail market, reflecting its strong presence in fuel distribution.</p> <p>Q: What share does Nayara hold in the petrochemical market? <br />A: Nayara Energy holds a 7% share in India's petrochemical market, indicating its growing influence in the industry.</p> <p>Q: How many fuel retail outlets does Nayara currently have? <br />A: Nayara Energy currently operates 6,600 fuel retail outlets across India, serving a wide customer base.</p> <p>Q: To how many outlets does Nayara plan to expand its fuel retail network? <br />A: Nayara plans to expand its fuel retail network to 10,000 outlets within the next three to four years, enhancing its market reach.</p> <p>Q: Over what timeframe does Nayara plan to expand its retail network? <br />A: Nayara Energy aims to expand its fuel retail network from 6,600 to 10,000 outlets within three to four years.</p> <p>Q: What is Nayara's approach to diversifying its product portfolio? <br />A: Nayara Energy is committed to diversifying its product portfolio, focusing on expanding its petrochemical and renewable energy offerings to meet growing market demands.</p> <p>Q: What clean fuel is Nayara exploring? <br />A: Nayara Energy is exploring the potential of sustainable aviation fuel (SAF), which is economically attractive and likely to be driven by policy incentives.</p> <p>Q: What makes SAF economically attractive? <br />A: SAF is economically attractive due to potential policy incentives and its contribution to reducing carbon emissions in the aviation sector.</p> <p>Q: What conditions are required for Nayara to enter the SAF field? <br />A: Nayara Energy is interested in entering the SAF field, provided there is sufficient feedstock availability to ensure viable production.</p> <p>Q: What is a feasible way to integrate SAF production? <br />A: Integrating an SAF production unit with Nayara's existing refinery is considered feasible, though it depends on feedstock availability and economic viability.</p> <p>Q: What technologies are available for producing SAF? <br />A: Technologies for producing SAF from ethanol and used cooking oil are available, offering sustainable solutions for aviation fuel.</p> <p>Q: What is Nayara currently doing regarding SAF? <br />A: Nayara Energy is currently studying the sustainable aviation fuel (SAF) segment to develop effective strategies for entering the market.</p> <p>Q: Who is backing Nayara Energy? <br />A: Nayara Energy is backed by Russian energy giant Rosneft, providing strong financial and strategic support for its expansion plans.</p>
<p>In a remarkable surge, the National Stock Exchange (NSE) witnessed a staggering 35% jump in its unlisted market shares this week, propelled by the recent announcement of a 4:1 bonus issue. Last week, these shares were trading between ₹4800, but as of now, they are commanding at a price of ₹6500.</p> <p>With a valuation of ₹2.73 lakh crore or approximately $33 billion at ₹5,500 per share, the NSE now claims the prestigious position of the world's seventh most valuable stock exchange, trailing Nasdaq's market capitalization by a slender margin of just $1 billion.</p> <p>Comparatively, the Intercontinental Exchange and CME Group boast valuations of $77 billion and $76 billion respectively. The London Stock Exchange, Hong Kong Exchanges, and Deutsche Boerse AG fall within the valuation range of $38 billion to $60 billion.</p> <p>This year alone, NSE shares have skyrocketed by an impressive 91%. The recent announcement of a bonus issue, offering four shares for every share held by investors as of the record date, provided a substantial boost to the already buoyant momentum in NSE shares.</p> <p>Such bonus issues are commonly employed by companies to augment stock liquidity and lower per-share prices, thereby enhancing accessibility for a broader spectrum of investors.</p> <p>In its latest financial report, NSE disclosed consolidated revenue from operations at ₹4,625 crore for the March 2024 quarter, marking a robust 34% increase year-on-year. Furthermore, its net profit surged by 20% to ₹2,488 crore during the same period. For the fiscal year ending March 2024, NSE reported a net profit of ₹8,306 crore, reflecting a significant 13% year-on-year growth, with revenues totaling ₹14,780 crore, representing a substantial 25% increase.</p> <p><br /><strong>How</strong> <strong>to Buy NSE Unlisted Shares? </strong></p> <p>One can buy NSE unlisted shares using the UnlistedZone platform. UnlistedZone provides a seamless avenue for purchasing NSE unlisted shares. With the UnlistedZone app and website, acquiring these shares is convenient and straightforward. If you have any uncertainties or queries along the way, don't hesitate to reach out to us via our <a href="/contact-us">contact page</a> or via email at <a href="mailto:[email protected]">[email protected]</a>.<br /><br /></p>
<p>In a strategic move to drive its Global Products & Services (GPS) business to new heights, Sterlite Power has announced the appointment of Reshu Madan as its Chief Executive Officer. Madan, a seasoned industry professional with over 25 years of experience in power and infrastructure leadership roles, brings a wealth of expertise to his new position.</p> <p>Having spent the last five years at Sterlite Power, Madan has been instrumental in advancing the company's Power cables vertical and spearheading key strategic initiatives as Director of Commercial & HVDC. His accomplishments include securing the company’s first Statcom project in the infrastructure segment.</p> <p>Prior to joining Sterlite Power, Madan held prominent leadership positions at Crompton Greaves and TBEA Energy. He holds a B.E. in Mechanical Engineering from Pune University and a Post Graduate Diploma in Business Management from IMT Ghaziabad.</p> <p>Expressing his enthusiasm for his new role, Madan stated, “I am honored to lead Sterlite Power's mission to accelerate energy transition and decarbonization efforts globally. With our scale, technology, and manufacturing capabilities, Sterlite Power is poised for significant growth. I look forward to collaborating with our talented team and valued customers to unlock this potential and deliver clean energy solutions on a global scale.”</p> <p>Pratik Agarwal, Managing Director of Sterlite Power, expressed confidence in Madan's ability to lead the GPS business to greater success. He commented, “We are delighted to welcome Reshu Madan as the new CEO of our GPS business. His extensive experience and deep understanding of the power and infrastructure sectors make him a valuable asset to our team. We are confident that under his leadership, the GPS business will thrive and reach new milestones.”</p> <p>Sterlite Power, a leading private sector power transmission infrastructure developer, has a robust portfolio of completed, sold, and under-construction projects spanning approximately 16,529 circuit kms of transmission lines across India and Brazil. With about USD 2 billion worth of projects under management in India, Sterlite Power has established itself as a key player in the industry.</p> <p>Additionally, Sterlite Power’s Global Products & Services business manufactures and supplies high-performance power conductors, EHV, HV, and MV cables, as well as OPGW, to over seventy countries. With four state-of-the-art manufacturing facilities and specialized EPC turnkey capabilities, Sterlite Power offers bespoke solutions for upgrading and fiberizing existing transmission infrastructure projects.</p> <p>As the company continues to advance towards a green energy-efficient future, it remains committed to integrating renewable energy into the grid. Sterlite Power has also made significant strides in the financial market, being the first transmission player to launch InvIT in the power sector, listed on the BSE Limited and the National Stock Exchange of India Limited.</p>
<p>Waaree Energies Ltd, a prominent player in the renewable energy sector, has announced the appointment of Amit Paithankar as its new Chief Executive Officer (CEO). With over two decades of experience, Paithankar is set to leverage his expertise in driving growth, innovation, and sustainability within the company.</p> <p>In his new role, Paithankar aims to spearhead Waaree Energies Ltd towards greater heights in the renewable energy domain. His strategy includes harnessing industry expertise to fuel sustainable innovation, prioritizing growth, efficiency, and fostering enduring relationships. Paithankar's vision is to align the company with the dynamic demands of the renewable energy sector, ensuring continuous advancement.</p> <p>Prior to joining Waaree, Paithankar served as the Managing Director South Asia at Emerson Electric Co. (India) Pvt. Ltd., showcasing his leadership prowess across various roles. His educational background, including a Ph.D. in Electrical Engineering and an MBA, equips him with a strong foundation to lead Waaree Energies Ltd effectively.</p> <p>Expressing his enthusiasm, Paithankar emphasized the opportune moment for growth in the solar industry and his commitment to contributing meaningfully to Waaree Energies Ltd's mission of providing sustainable energy solutions.<br /><br /><br /><img src="https://unlistedzone.com/storage/knowledge-logo/app_image-1715224945.jpeg" alt="" width="443" height="282" /></p>
<p>Cochin International Airport Ltd (CIAL) has undergone a significant transformation in its summer flight schedule to accommodate the burgeoning demand in the domestic aviation landscape. In response to the escalating traffic, CIAL has introduced a plethora of new services, expanding its connectivity across various cities from Kochi.</p> <p>The summer timetable, effective since March 31, has witnessed a surge in weekly services, with an impressive addition of around 60 services commencing operations in early May. This strategic move aims to cater to the escalating passenger traffic, with CIAL crossing the remarkable milestone of serving over one crore passengers in the financial year 2023-24.</p> <p>Air India Express has bolstered its connectivity with six weekly services to Kolkata, while IndiGo has initiated services to Ranchi, Chandigarh, Varanasi, Raipur, and Lucknow. Moreover, Air India Express and Air Asia have unveiled new services to Pune, Ranchi, and Bagdogra respectively, further enhancing the accessibility from Kochi.</p> <p>Expanding its reach to metro cities across India, CIAL now boasts 20 daily services to Bengaluru, alongside 13 services to Delhi and 10 to Mumbai. IndiGo's recent introduction of daily services to Lakshadweep from May 1 has been met with enthusiasm, particularly for the Kozhikode-Kochi-Agathi-Kochi route.</p> <p>Alliance Air maintains a robust presence with 10 weekly services to Agathi, while Kochi Airport ensures seamless connectivity to Chennai, Goa, Hyderabad, Kannur, Thiruvananthapuram, Salem, and Ahmedabad.</p> <p>With a keen eye on the burgeoning tourist influx to the eastern region, CIAL has amplified its services to Bangkok, Kuala Lumpur, Singapore, and Ho Chi Minh City. The recent addition of three services by Thai Airways has propelled the weekly services from Kochi to Bangkok to a commendable 13. Notably, Singapore and Kuala Lumpur also enjoy a robust connectivity with 14 and 22 weekly services respectively.</p> <p>Looking ahead, Air India has announced plans to ramp up its weekly services to London from three to four, underscoring the airport's commitment to expanding its international footprint.</p> <p>In a testament to its soaring popularity, CIAL has witnessed a record-breaking footfall of 1.053 crore passengers in the financial year 2023-24, marking an 18 per cent increase from the previous year. This remarkable feat underscores the airport's pivotal role in facilitating seamless travel experiences for millions, with a significant portion comprising domestic and international travelers alike.</p>
<p><strong>A) About NSE</strong></p> <p><span style="font-weight: 400;">The National Stock Exchange (NSE) plays a pivotal role in the Indian financial landscape, serving as a cornerstone for investors and businesses alike. Understanding its financial performance and other significant factors affecting the business over time provides valuable insights into the broader economic trends and market sentiment.</span></p> <p><strong>B) FY23 vs FY24 NSE Financial Performance</strong><span style="font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">In fiscal year 2023, NSE reported a revenue of ₹12,650 Cr, which saw a robust increase to ₹14,793 Cr in fiscal year 2024, reflecting a significant year-on-year growth of approximately 16.95%. Similarly, the Profit After Tax (PAT) showed a positive trend, rising from ₹7,501 Cr in FY23 to ₹8,406 Cr in FY24, marking a notable year-on-year growth of around 12.02%.<br /><br />Consolidated total expenses reached ₹5,350 crore, increasing significantly due to factors like <strong><em>SEBI-mandated contributions to the Core SGF </em></strong>and rising regulatory fees. Standalone expenses showed a similar trend, reaching ₹6,139 crore, reflecting business growth and regulatory compliance.<br /><br />Consolidated earnings per share (EPS) came in at ₹167.79, while the standalone EPS was ₹129.15. <br /></span></p> <p><span style="font-weight: 400;">Let's explore how NSE performed in FY23 compared to FY24, highlighting significant developments and trends that shaped its performance during these periods.</span></p> <p><strong>P & L Statement (Figures in Cr) </strong></p> <table> <tbody> <tr> <td style="text-align: center;"> <p><strong>Parameters </strong></p> </td> <td style="text-align: center;"> <p><strong>FY23</strong></p> </td> <td style="text-align: center;"> <p><strong>FY24</strong></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">Revenue </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">12650</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">14793</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">Cost of Consumed Material </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">0</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">0</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">Gross Margins </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">100</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">100</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">Change in Inventory </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">0</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">0</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">Employees Benefits Expenses </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">366</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">460</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">Other Expenses </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">1859</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">2709</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">EBITDA </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">9631</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">11611</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">OPM </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">81.23</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">78.56</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">Other Income </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">794</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">13</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">Finance Cost </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">0</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">0</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">D & A</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">384</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">439</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">EBIT</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">9247</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">11172</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">EBIT Margins </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">77.99</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">75.59</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">PBT </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">10041</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">11184</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">PBT Margins </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">84.69</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">75.67</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">Tax </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">2540</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">2778</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">PAT </span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">7501</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">8406</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">NPM</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">63.37</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">56.87</span></p> </td> </tr> <tr> <td style="text-align: center;"> <p><span style="font-weight: 400;">EPS</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">151.54</span></p> </td> <td style="text-align: center;"> <p><span style="font-weight: 400;">169.82</span></p> </td> </tr> </tbody> </table> <p><strong>C) NSE Price movement in the last one year </strong></p> <p><span style="font-weight: 400;">The NSE unlisted share price experienced a notable upward trajectory over the past year. In May 2023, it stood at INR 3600 per share, witnessing a subsequent increase to INR 4200 by January 2024. As of May 2024, the share price has further appreciated to approximately INR 4800 per share, indicating a commendable overall increase of approximately 33.33% from May 2023 to May 2024.<br /><br /><img src="https://unlistedzone.com/storage/knowledge-logo/app_image-1714878788.png" alt="" width="100%" /><br /></span></p> <p><strong>Source: </strong>www.unlistedzone.com<strong><br /><br />D) Returns given by BSE vs NSE</strong></p> <p><span style="font-weight: 400;">The NSE and BSE, both prominent stock exchanges in India, have witnessed notable fluctuations in their unlisted share prices over the past year. The NSE share price experienced a commendable increase from INR 3600 in May 2023 to INR 4800 in May 2024, marking a percentage increase of 33.33%. In contrast, the BSE share price soared from INR 540 in May 2023 to INR 2845 in May 2024, reflecting a substantial percentage increase of 426.85%. This indicates that the BSE share price has significantly outperformed the NSE share price during this period, showcasing a remarkable growth trajectory for investors.</span></p> <p><span style="font-weight: 400;"><br /><strong>E) BSE Share Price 1 Year Return<br /><br /><img src="https://unlistedzone.com/storage/knowledge-logo/app_image-1714878882.png" alt="" width="100%" /><br /></strong></span></p> <p> </p> <p><span style="font-weight: 400;">The surge in BSE share price is fueled by robust options revenue growth and the introduction of the Futures and Options (FnO) business, which significantly boosts income. Positive market sentiment is driven by optimistic revenue and profit growth outlooks. Despite high initial clearing costs, scalability is expected to gradually reduce expenses. As BSE expands operations and trading volumes increase, economies of scale are anticipated to enhance margins. </span></p> <p><strong>F) BSE vs NSE Valuation</strong><span style="font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">The valuation disparity between the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) highlights their contrasting market standings and operational landscapes. With a valuation of INR 185,000 crore, the NSE boasts a substantially higher market worth compared to the BSE, valued at INR 38,592 crore. However, NSE is available at P/E of just 28x as compared to BSE at 94x. <br /><br /><em><strong>Even if you give 40x multiple to NSE Unlisted Share, the fair value would be around = 169*40 = INR 6700 per share. </strong></em><br /><br />The NSE's implementation of cutting-edge technologies and innovative products, such as options trading and electronic trading platforms, further solidifies its market leadership. In contrast, while the BSE retains historical significance and remains a crucial trading platform, its valuation reflects relatively modest trading volumes and market share. Despite the valuation contrast, both exchanges play pivotal roles in India's financial ecosystem, catering to the varied needs of investors and businesses across the nation.</span></p> <p><strong>G) Bonus and Dividend Announcement by NSE Unlisted Share</strong></p> <p><span style="font-weight: 400;">The National Stock Exchange (NSE) has unveiled a generous package for its shareholders, including a notable bonus share issuance at a ratio of 4:1 and a substantial dividend of 90 per share. This move reflects NSE's commitment to enhancing shareholder value and confidence in its future growth trajectory. By offering bonus shares and a significant dividend payout, NSE demonstrates its strong financial performance and commitment to delivering attractive returns to investors. <br /><br /><em>After Bonus adjustment the Price will come around INR 1000. </em></span></p> <p><strong>H) How to Buy NSE Unlisted Shares?</strong></p> <p><span style="font-weight: 400;">One can buy NSE unlisted shares using the UnlistedZone platform. UnlistedZone provides a seamless avenue for purchasing NSE unlisted shares. With the UnlistedZone app and website, acquiring these shares is convenient and straightforward. If you have any uncertainties or queries along the way, don't hesitate to reach out to us via email at <a href="mailto:[email protected]">[email protected]</a>.</span></p> <p><span style="font-weight: 400;"> </span></p>
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