{"id":311099,"date":"2026-10-15T15:51:18","date_gmt":"2026-10-15T10:21:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=311099"},"modified":"2026-10-15T15:51:18","modified_gmt":"2026-10-15T10:21:18","slug":"valuation-relative-to-exchanges-is-not-enticing-billionbrains-garage-ventures-q2-fy27-bse-mcx-compared","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/valuation-relative-to-exchanges-is-not-enticing-billionbrains-garage-ventures-q2-fy27-bse-mcx-compared\/","title":{"rendered":"Billionbrains Garage Ventures: Is Its Valuation Relative to Exchanges Not Enticing? Q2 FY27 Results, BSE and MCX Compared"},"content":{"rendered":"

Billionbrains Garage Ventures reported Q2 FY27 profit of Rs 725 crore, up 54% year on year, on revenue of Rs 1,501 crore, up 47%. One data site shows it at a P\/E of 57.4 and a P\/B of 12.4, against 51.1 and 23.6 for BSE and 69.0 and 29.4 for MCX. A Mint Premium column calls its valuation relative to exchanges not enticing. I could not read that column, so this article tests the claim with numbers.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Billionbrains Garage Ventures, the parent of a leading stock broking app, reported Q2 FY27 profit of Rs 725 crore, up 54% year on year, and revenue from operations of Rs 1,501 crore, up 47%. On one data site it trades at a P\/E of 57.4 and a P\/B of 12.4, which is above BSE on P\/E at 51.1 and below MCX at 69.0, while its P\/B is about half of either exchange. Whether the valuation is enticing therefore depends on the metric, and growth in a business with a derivatives heavy income mix is the main thing that investors must weigh. I could not read the Mint Premium column behind the headline, so I test its claim here with the numbers I could verify.<\/p>\n<\/p><\/div>\n

Billionbrains is the listed parent of a discount broker with about 29% of active client accounts in India. The headline question is whether its stock looks expensive next to the exchanges, such as BSE and MCX, that earn from the same trading volumes.<\/p>\n

This article lays out the Q2 FY27 results, the revenue mix, the valuation of Billionbrains against BSE and MCX, and the risks. Data sites differ on some figures, and I flag those differences.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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