National Stock Exchange of India (544937) Corporate presentation summary

Market leadership and growth drivers

• Maintains global leadership as the largest derivatives exchange and second in equity cash and IPO listings by volume in FY26.

• Benefits from India's rapid economic growth, rising disposable income, and increasing financialization of savings.

• Unique investor base surpassed 130 million in 2026, with 4.5x growth in demat accounts since FY20.

• Demonstrates strong network effects, with self-reinforcing flywheels driving liquidity, innovation, and trust.

• Robust brand reputation for trust, efficiency, and transparency across all platforms.

Innovation, technology, and product offerings

• Pioneered multiple firsts in India's capital markets, including electronic trading, T+0 settlement, and new derivatives products.

• Vertically integrated model offers equities, fixed income, derivatives, commodities, and data services.

• Technology platform processes 12–14 billion messages daily, with peak order messages reaching 22 billion in a single day in FY26.

• Fully mirrored disaster recovery readiness with switchover time under 45 minutes.

• Recognized as National Critical Infrastructure by NCIIPC.

Financial performance and shareholder returns

• Total income grew at a 21% CAGR from FY22–26, reaching ₹1,87,134 million in FY26.

• Net profit grew at a 19% CAGR, with PAT margin consistently above 50%.

• Dividend per share increased from ₹21.0 in FY22 to ₹41.6 in FY26, with a stable payout ratio.

• Revenue growth outpaced India's nominal GDP growth by 1.7x over FY22–26.

• Maintains one of the lowest cost-to-income ratios among global exchanges.