BSE Share Price: 84.9% CAGR in 3 Years as the Exchange Outpaces CDSL, CAMS and Angel One

BSE previous close Rs 3,790. 3-year CAGR 84.9%. Up 6.3x since 3 Nov 2023. ROE 38.76%. Market cap Rs 1,54,588 crore.

The BSE share price has been one of the most closely watched stories in the Indian capital market space. BSE Ltd, the exchange behind the Sensex, listed in 2017 and has since grown into a business that earns from trading, data, listing and a mutual fund platform, which is quite different from its older image.

This article puts numbers on that journey. We calculate the three-year CAGR for BSE, CDSL, CAMS and Angel One, and compare market cap, valuation, return on equity and debt. All prices are adjusted for corporate actions so the comparison is like for like.

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How Much Has the BSE Share Price Returned in 3 Years?

The BSE stock closed at Rs 599.87 on 3 November 2023 and at Rs 3,790.00 on 5 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 6.32 lakh, which is a CAGR of 84.9%. This is a price return and leaves out dividends.

CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as BSE can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.

The BSE share price has also followed the growth of retail participation in Indian markets, as more demat accounts, derivatives activity and mutual fund investing feed directly into exchange and market infrastructure revenue.

BSE vs CDSL, CAMS and Angel One: 3-Year CAGR Compared

The table ranks the companies by three-year CAGR. Prices on 3 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 5 November 2026.

Company	Close on 3 Nov 2023	Previous close (5 Nov 2026)	Price multiple	3-year CAGR
BSE Ltd	Rs 599.87	Rs 3,790.00	6.3x	84.9%
CDSL	Rs 780.25	Rs 1,334.00	1.7x	19.6%
CAMS	Rs 478.13	Rs 715.35	1.5x	14.4%
Angel One	Rs 280.45	Rs 326.15	1.2x	5.2%

The BSE stock leads the group at 84.9%, followed by CDSL at 19.6%, CAMS at 14.4% and Angel One at 5.2%. BSE leads the group by a wide margin. The four businesses earn money in different ways, from exchange fees to depository services, registrar work and broking, so the table compares stock returns rather than identical operations.

Look at the BSE share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.

Valuation and Quality Compared

Company	Market cap	P/E	Industry P/E	ROE	Debt to equity
BSE Ltd	Rs 1,54,588 crore	50.32	41.95	38.76%	0.00
Angel One	Rs 29,787 crore	25.79	31.52	17.33%	1.14
CDSL	Rs 27,881 crore	55.35	41.95	25.46%	0.00
CAMS	Rs 17,794 crore	35.05	41.95	35.48%	0.04

By market cap, BSE Ltd is the largest of the group at Rs 1,54,588 crore, which gives it the scale advantage over CDSL, CAMS, Angel One. On earnings, BSE shares trade at a P/E of 50.32 against an industry P/E of 41.95, a premium of about 20%, which signals that the market expects faster earnings growth. Peer multiples are CDSL at 55.35, CAMS at 35.05 and Angel One at 25.79.

Return on equity is 38.76% for the BSE stock, which ranks first among the four, and debt to equity stands at 0.00. Trailing EPS is Rs 75.32. Exchanges with a near debt free balance sheet and high return on equity often carry premium multiples, so the P/E should be read alongside ROE and the quality of earnings.

What Is Driving the BSE Stock?

BSE Ltd is Asia's oldest stock exchange, set up in 1875. It runs equity, equity derivatives and debt trading, a mutual fund distribution platform, a listing business and a data and indices franchise built around the Sensex.

The business is capital light and scales with market activity. When trading volumes, listings and platform usage rise, a large share of the extra revenue flows through to profit, which is why returns on equity for exchanges can be high.

Followers of the BSE share price usually track derivatives volumes, transaction charge revenue, the market share of its products and the pace of regulatory changes that affect trading activity.

How the Established Players Stack Up

CDSL is one of the two depositories in India and earns from account maintenance, transaction and issuer charges. It compounded at 19.6% a year, on a market cap of Rs 27,881 crore and an ROE of 25.46%.

CAMS is the largest registrar and transfer agent for mutual funds in India. It compounded at 14.4% a year, on a market cap of Rs 17,794 crore and an ROE of 35.48%.

Angel One is a retail broking and distribution platform with a large client base. It compounded at 5.2% a year, on a market cap of Rs 29,787 crore and an ROE of 17.33%.

What Should Investors Track Next?

Three things are worth watching on the BSE share price. First, the trend in derivatives turnover and transaction charges. Second, the growth of non-trading income such as data, listing and platform fees. Third, any change in the regulatory framework that shapes trading activity.

At a P/E of 50, the market already prices in healthy growth. Exchange earnings depend on market activity, which can slow when sentiment cools, so size any position with that in mind.

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How to Compare Capital Market Stocks Yourself

You can repeat this exercise for any pair of stocks, including the BSE stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.

A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the BSE share price, the same four checks give a more complete picture than price alone.

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An Exchange With High Returns and a Strong Balance Sheet

The BSE share price compounded at 84.9% a year over three years, ahead of CDSL at 19.6%, CAMS at 14.4% and Angel One at 5.2%. Its ROE of 38.76% and a debt to equity of 0.00 reflect a strong financial profile.

CDSL and CAMS offer steady, fee based models with their own high returns on equity, while Angel One offers a broking play at a lower multiple. The choice depends on how much market cycle exposure you are comfortable with.

Frequently Asked Questions

What is the BSE share price today?

Ans. BSE Ltd closed at Rs 3,790 on 5 November 2026, according to NSE data. It has a market cap of Rs 1,54,588 crore and a P/E of 50.32. Check live quotes before acting, as prices change every trading day.

What is the 3-year CAGR of the BSE stock?

Ans. BSE Ltd delivered a price CAGR of 84.9% over three years, moving from Rs 599.87 on 3 November 2023 to Rs 3,790.00 on 5 November 2026. The figure excludes dividends and uses adjusted closing prices.

Is BSE better than CDSL?

Ans. The BSE stock delivered a higher three-year CAGR at 84.9% than CDSL at 19.6%. BSE also has the higher ROE at 38.76% against 25.46%, while CDSL trades at a slightly higher P/E of 55.35 compared with 50.32. The better choice depends on your view of each business.

What does BSE Ltd do?

Ans. BSE Ltd is Asia's oldest stock exchange, established in 1875. It operates equity, derivatives and debt markets, a mutual fund platform and the Sensex index.

Is the BSE stock debt free?

Ans. The debt to equity ratio of the BSE stock is 0.00 and its return on equity is 38.76%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.

Is BSE expensive compared with the industry?

Ans. BSE trades at a P/E of 50.32 against an industry P/E of 41.95. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.

Which capital market stock gave the highest return in 3 years?

Ans. Among the companies compared here, BSE Ltd delivered the highest three-year CAGR at 84.9%, followed by CDSL at 19.6%. Past returns do not guarantee future performance.

How do I calculate CAGR for a stock?

Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.