National Stock Exchange of India Limited Shares

National Stock Exchange of India Limited (NSE)

National Stock Exchange of India Limited
The National Stock Exchange of India Ltd. (NSE) is the leading stock exchange in India and the second largest in the world by nos. of trades in equity shares from January to June 2018, according to the World Federation of Exchanges (WFE) report.
NSE launched electronic screen-based trading in 1994, derivatives trading (in the form of index futures), and internet trading in 2000, which were each the first of its kind in India.
NSE has a fully-integrated business model comprising our exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions, and financial education offerings. NSE also oversees compliance by trading and clearing members and listed companies with the rules and regulations of the exchange.
NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE believes that the scale and breadth of its products and services sustained leadership positions across multiple asset classes in India and globally enable it to be highly reactive to market demands and changes and deliver innovation in both trading and non-trading businesses to provide high-quality data and services to market participants and clients.
NSE was incorporated in 1992. It was recognized as a stock exchange by SEBI in April 1993 and commenced operations in 1994 with the launch of the wholesale debt market, followed shortly after by the launch of the cash market segment.

History

1995: Setup wholly-owned subsidiary, NSE Clearing, which became the first clearing corporation to be established in India (according to the Oliver Wyman Report). NSE Clearing commenced clearing and settlement operations in the following year.

1998: Established NSE Indices, their subsidiary, as a joint venture with CRISIL Limited to operate an indices business. NSE Indices became a wholly-owned subsidiary in 2013 following the acquisition of CRISIL’s 49% stake.

1999: Established NSEIT, a wholly-owned subsidiary and a global technology firm that provides end-to-end technology solutions, including application services, infrastructure services, analytics as a service, and IT-enabled services. In 2015 and 2016, respectively, NSEIT launched its Testing Center of Excellence and Integrated Security Response Center

2000: Incorporated DotEx, a wholly-owned subsidiary, and consolidated the data and info-vending business under DotEx.

2006: Incorporated NSE Infotech Ltd., a wholly-owned subsidiary for IT research and development.

2016: Consolidated the education business under NSE Academy, a wholly-owned subsidiary. Incorporated two new subsidiaries, NSE IFSC Limited and NSE IFSC Clearing Corporation Limited, in furtherance of NSE’s long-term business strategy to establish an international exchange in GIFT City.

Subsidiaries of NSE:

Name of Entity	Place of Incorporation	Ownership %
NSE Clearing Limited (formerly known as National Securities Clearing Corporation Limited)	India	100
NSE Investments Ltd (formerly known as NSE Strategic Investment Corporation Limited)	India	100
NSEIT Limited	India	100
NSEIT (US) Inc.	United States of America	100
NSE Indices Ltd (formerly known as India Index Services & Products Limited)	India	100
NSE Data & Analytics Limited (formerly known as DotEx International Limited)	India	100
NSE Infotech Services Limited	India	100
NSE IFSC Limited	India	100
NSE IFSC Clearing Corporation Limited	India	100
NSE Academy Limited	India	100
NSE Foundation (Section 8 Company)	India	100
Aujas Networks Private Limited	India	95.39

NSE India Limited Unlisted Shares Details:

Total Available Shares:	Available
Face Value:	₹ 1 Per Equity Share
ISIN:	INE721I01024
Lot Size:	100 Shares
Current Unlisted Share Price:	₹ Best in Industry Per Equity Share

Shareholding Pattern:

Name	No. of Shares	% of Total Shares
Life Insurance Corporation of India	6,19,13,500	12.51
State Bank of India	2,18,59,160	4.42
GAGIL FDI Limited	1,87,52,382	3.78
Aranda Investments (Mauritius) PTE. Ltd.	2,47,50,000	5
Veracity Investments Limited, Mauritius	2,47,50,000	5
Stock Holding Corporation of India Limited	2,20,00,000	4.44
SBI Capital Markets Ltd.	2,14,50,000	4.33
SAIF II SE Investments Mauritius Limited	1,75,90,000	3.55
GS Strategic Investments Limited, Mauritius	1,48,50,000	3
MS Strategic (Mauritius) Limited	1,48,50,000	3
PI Opportunity Fund	1,48,50,000	3
Tiger Global Five Holdings	1,48,50,000	3
Acacia Banyan Partners	1,23,75,000	2.5
IFCI Limited	1,20,66,871	2.44

Financials of NSE India Limited Unlisted Shares:

(Fig. in Crores) Financials of National Stock Exchange (NSE)

Year	Revenue	EBITDA	OPM	PAT	NPM	Shares	F.V.	EPS
2015	2,275	1,710	75%	1,026	45%	4.50	10	228
2016	2,353	1,731	74%	654	28%	4.50	10	145
2017	2,680	1,915	71%	1,218	45%	49.50	1	24
2018	3,032	2,200	73%	1,461	48%	49.50	1	29
2019	3,514	2,441	69%	1,708	49%	49.50	1	34
2020	3,896	2,655	68%	1885	48%	49.50	1	38
2021	6,202	4718	76%	3573	58%	49.50	1	72

Comparison With Peers:

Exchange	Average Daily transaction (2019-20)	Revenue	EPS	Shares	Price	M.cap	P/E
BSE LTD.	2380 cr	600 cr	25	5.18 cr	453	2,040.00	22.36
NSE LTD.	36432 cr	3800 cr	38	49.5 cr	1100	54,450	28.95

NSE Unlisted Share Price, Pre-Ipo Stock – Company Overview

The National Stock Exchange (NSE) is the leading stock exchange in India and the fourth largest in the world by equity trading volume in 2015, according to the World Federation of Exchanges (WFE). India’s first demutualized electronic exchange is the National Stock Exchange of India Limited, which was founded in 1992. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system that offered easy trading facilities to investors spread across the country. NSE offers to trade in equity, equity derivatives, debt, currency derivatives, and commodity derivatives segments. It was recognized as a stock exchange by SEBI in April 1993 and commenced operations in 1994 with the launch of the wholesale debt market, followed shortly by the launch of the cash market segment.

NSE Share Price, Unlisted Share Details as of March 31, 2023

NSE Outstanding Shares:	49,50,00,000
Face Value of NSE Unlisted Share:	Rs. 1 Per Equity Share
ISIN of NSE Unlisted Share:	INE721I01024
Lot Size of NSE Unlisted Share:	100 Shares
NSE Share Price:	Best in Industry
PAN Number of NSE:	AAACN1797L

NSE Incorporation Details

National Stock Exchange of India Limited CIN Number	U67120MH1992PLC069769
National Stock Exchange of India Limited Registration Date	27 November 1992
Category / Sub-Category of National Stock Exchange of India Limited	Limited by Shares/ Non-govt company
National Stock Exchange of India Limited Registered Office Address	National Stock Exchange of India Limited, “Exchange Plaza” Plot No. C-1, Block ‘G’, Bandra-Kurla Complex Bandra (East), Mumbai – 400051
National Stock Exchange of India Limited Registrar & Transfer Agent Address & Contact Details	Link lntime lndia Private Limited C-1O1, 247 Park, LBS Marg, Vikhroli (West), Mumbai – 400083

NSE Board of Directors

Mr. Girish Chandra Chaturvedi, Chairman, and Public Interest Director

Mr. Vikram Limaye, Managing Director and CEO

Ms. Anuradha Rao, Public Interest Director

Mr. K. Narasimha Murthy, Public Interest Director

Prof. S Sudarshan, Public Interest Director

Ms. Mona Bhide, Public Interest Director

Ms. Sunita Sharma, Shareholder Director

Mr. Veneet Nayar, Shareholder Director

NSE Principal Business Activities

Name and Description of main products/services	NIC Code of the product/service*	% to the total turnover of the Company
Stock Exchange	6611	100%

National Stock Exchange of India Limited Shareholding Pattern (As of 31-03-2023)

S. No.	Shareholder’s Name	No. of Shares	% of total Shares of the company
1	Promoter	–	–
2	Public Shareholding	49,50,00,000	100%
Total	49,50,00,000	100%

Stock Exchange Industry Outlook

The National Stock Exchange of India Ltd (NSE) is positioned favorably in the industry outlook. With its strong market presence, the NSE continues to play a vital role in India’s financial landscape. The exchange is poised for growth due to factors such as increasing investor participation, technological advancements, and the overall development of the Indian economy. NSE’s diverse range of products and services, including equities, derivatives, mutual funds, and debt instruments, cater to a wide range of investor needs. Furthermore, the focus on digitization and government initiatives promoting financial inclusion is expected to drive retail investor participation. The exchange is also likely to benefit from increasing institutional participation and foreign investments in the Indian markets.

National Stock Exchange of India Limited Balance Sheet (Rs in Crores)

Particulars	31-03-2024	31-03-2023
ASSETS
Non-current assets
Property, plant and equipment	1,004.28	936.35
Right of use assets	168.46	185.39
Capital work-in-progress	31.89	53.42
Goodwill	206.86	206.86
Other intangible assets	62.47	70.93
Intangible assets under development	50.17	45.07
Investment in associates accounted for using the equity method	685.85	649.44
Investments	14,128.07	9,148.79
Non-current bank balances	3,821.63	952.9
Others	154.85	27.38
Income tax assets (net)	1,046.31	538.38
Deferred tax assets (net)	5.28	11.32
Other non-current assets	702.69	773.13
Current assets
Investments	10,470.99	8,156.51
Trade receivables	1,864.66	1,589.21
Cash and cash equivalents	23,303.12	5,897.51
Bank balances other than cash and cash equivalents	5,807.92	5,685.67
Other financial assets	459.8	141.51
Other current assets	636.2	708.36
Assets classified as held for sale	852.5	786.21
TOTAL ASSETS	65,464.00	36,564.34
EQUITY AND LIABILITIES
Equity share capital	49.5	49.5
Other equity	23,924.91	20,428.98
Equity attributable to owners of National Stock Exchange of India Limited	23,974.41	20,478.48
Non controlling interest	-0.53	1.91
CORE SETTLEMENT GUARANTEE FUND
Core settlement guarantee fund paid	8,857.24	4,809.13
Core settlement guarantee fund payable	52.98	224.48
Settlement guarantee fund paid – commodity derivatives	–	250
Investor Protection Fund	0.23	0.19
Non-current liabilities
Lease liabilities	95.63	112.88
Other financial liabilities	17.36	16.35
Provisions	45.99	52.14
Deferred tax liabilities (net)	305.51	158.35
Contract liabilities	82.46	69.34
Other non-current liabilities	5.41	5.41
Current liabilities
Lease liabilities	29	23.44
Deposits	3,264.87	2,881.11
Trade payables
Total outstanding dues of micro enterprises and small enterprises	5.83	1.88
Total outstanding dues of creditors other than micro enterprises and small enterprises	326.92	260.28
Other financial liabilities	22,344.87	4,602.90
Provisions	105.23	86.26
Contract liabilities	6.17	3.86
Income tax liabilities (net)	102.9	508.01
Other current liabilities	5,472.20	1,596.41
Liabilities directly associated with assets classified as held for sale	369.32	421.54
TOTAL EQUITY AND LIABILITIES	65,464.00	36,564.34

National Stock Exchange of India Limited Profit & Loss Statement (Rs in Crores)

Particulars	31-03-2024	31-03-2023
Revenue from operations	14,780.01	11,856.23
Other Income	1,653.60	909.13
Total Income	16,433.61	12,765.36
Employee benefits expense	460.39	366.05
Regulatory Fees	980.57	477.94
Depreciation and amortisation expense	439.55	384.06
Other expenses	1,728.39	1,380.78
Total expenses (excluding contribution to Core settlement guarantee fund (Core SGF)	3,608.90	2,608.83
Profit before contribution to Core settlement guarantee fund (Core SGF), Share of net profits of associates accounted for using equity method and Tax from Continuing Operations	12,824.71	10,156.53
Share of net profits of associates accounted for using equity method	100.54	88.5
Profit before Contribution to Core SGF and Tax	12,925.25	10,245.03
Contribution to Core SGF	-1,740.97	-203.45
Profit before tax for the period / year from continuing operations	11,184.28	10,041.58
Current tax expense	2,626.16	2,521.01
Deferred tax expense / (benefit)	151.64	18.69
Profit for the period / year from continuing operations	8,406.48	7,501.88
(Loss) from discontinued operations before tax	-79.58	-127.97
Tax expense of discontinued operations	-21.16	-17.92
(Loss) from discontinued operations	-100.74	-145.89
Profit for the period / year	8,305.74	7,355.99
Other Comprehensive Income
Items that will be reclassified to profit or loss (net of tax)
Changes in fair value of FVOCI debt instruments	15.58	-21.6
Changes in foreign currency translation reserve	2.44	7.28
Changes in foreign currency translation reserve pertaining to discontinued operations	0.09	0.26
Items that will not be reclassified to profit or loss (net of tax)
Remeasurements of post-employment benefit obligations	-2.49	0.88
Remeasurements of post-employment benefit obligations pertaining to discontinued operations	-2.81	-2.4
Changes in fair value of FVOCI equity instruments	-4.18	-4.52
Share of other comprehensive income of associates accounted for using the equity method	-3	2.05
Total other comprehensive income / (loss) for the period / year, net of taxes	5.63	-18.05
Total comprehensive income for the period / year	8,311.37	7,337.94
Profit attributable to :
Owners of National Stock Exchange of India Limited	8,305.66	7,354.81
Non-Controlling Interests	0.08	1.18
Other comprehensive income attributable to :
Owners of National Stock Exchange of India Limited	5.66	-18.04
Non-Controlling Interests	-0.03	-0.01
Total comprehensive income attributable to :
Owners of National Stock Exchange of India Limited	8,311.32	7,336.77
Non-Controlling Interests	0.05	1.17
Earnings per equity share
Basic and Diluted (Rs.)	167.79	148.58

National Stock Exchange of India Limited Consolidated Cash Flow Statement (Rs in Crores)

Particulars	31-03-2024	31-03-2023
CASH FLOWS FROM OPERATING ACTIVITIES
PROFIT BEFORE TAX FROM
Continuing Operations	11,184.28	10,041.58
Discontinued Operations	-79.58	-127.97
PROFIT BEFORE TAX INCLUDING DISCONTINUED OPERATIONS	11,104.70	9,913.61
Adjustments for
Depreciation and amortization expense	471.64	415.92
Interest income from financial assets at amortized cost	-561.11	-301.26
Income from investments	-814.88	-328.54
Interest income from investments designated at FVOCI	-233.14	-114.86
Rental income	-1.48	-1.32
Dividend income from equity investments designated at FVOCI	-3.72	-0.39
Net gain on financial assets mandatorily measured at FVPL	-630.35	-359.94
Net gain on sale of financial assets mandatorily measured at FVPL	-134.63	-105.11
Profit on sale of investment in associates	-81.43	–
Net (gain) / loss on disposal of property, plant and equipment	3.55	0.65
Doubtful debts written off	8.25	14.59
Impairment in value of investment	39.99
Provision for doubtful debts	0.4	0.06
Reversal/ (Provision) for Impairment / write off of Intangible assets under development	–	60.81
Share of net profit of associates accounted by using equity method	-100.54	-88.5
Provision for contribution to Core settlement guarantee fund	52.98	224.48
Interest on lease liabilities	11.74	8.61
Change In operating assets and liabilities
(Increase)/ Decrease in trade receivables	-297.82	-216.19
Increase/ (Decrease) in trade payables	70.52	54.18
(Increase)/ Decrease in other financial assets	-19.36	-0.86
(Increase)/ Decrease in other assets	120.2	-150.8
Increase/ (Decrease) in other financial liabilities	17,298.56	-4,631.68
Increase/ (Decrease) in provisions	31.15	0.29
Increase/ (Decrease) in other liabilities	3,885.46	-1,395.12
(Refund)/ Proceeds of deposits	383.76	557.48
Change in core settlement guarantee fund	3,082.98	536.2
CASH GENERATED FROM OPERATIONS	33,687.42	4,092.32
Income taxes paid	-3,943.12	-2,357.83
NET CASH INFLOW FROM OPERATING ACTIVITIES	29,744.30	1,734.49
CASH FLOWS FROM INVESTING ACTIVITIES
Payment for property, plant and equipment and intangibles assets	-470.3	-406.42
Proceeds from property, plant and equipment and intangibles assets	1.06	2.75
Proceeds from rental income	1.48	1.32
(Payment) / proceeds from investments (Net)	-6,153.20	-4,031.12
Profit on sale of investment in associates	127.74	–
(Payment) / proceeds from investments in deposits with financial institutions (Net)	–	115.38
Payment for investment in associates	-40	-10
(Payment) / proceeds from fixed deposits / Bank balances other than cash & cash equivalents (Net)	-3,001.95	350.99
Interest received	1,180.32	744.84
Dividend received (including dividend from associate companies)	18.54	15.21
NET CASH OUTFLOW FROM INVESTING ACTIVITIES	-8,336.31	-3,217.04
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid	-3,959.00	-2,079.00
Acquisition of non-controlling interest in subsidiary	–	-2.54
Payment of lease liabilities	-22.95	-9.83
Interest on lease liabilities	-11.74	-8.61
NET CASH OUTFLOW FROM FINANCING ACTIVITIES	-3,993.69	-2,099.98
NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS	17,414.30	-3,582.53
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR	5,974.65	9,557.18
CASH AND CASH EQUIVALENTS AT END OF THE YEAR	23,388.95	5,974.65

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flows from Operating Activities

Profit Before Tax from Continuing and Discontinued Operations:

2024: ₹11,104.70 thousand (Continuing: ₹11,184.28 thousand, Discontinued: ₹-79.58 thousand)

2023: ₹9,913.61 thousand (Continuing: ₹10,041.58 thousand, Discontinued: ₹-127.97 thousand)

The overall profit before tax increased, indicating improved financial performance.

Adjustments for:

Depreciation and Amortization Expense:

2024: ₹471.64 thousand

2023: ₹415.92 thousand

Increase in depreciation, reflecting higher capital assets or changes in depreciation rates.

Interest Income from Financial Assets at Amortized Cost:

2024: ₹-561.11 thousand

2023: ₹-301.26 thousand

Increase in interest income, positively impacting cash flow.

Income from Investments:

2024: ₹-814.88 thousand

2023: ₹-328.54 thousand

Increase in investment income, indicating better returns on investments.

Interest Income from Investments Designated at FVOCI (Fair Value Through Other Comprehensive Income):

2024: ₹-233.14 thousand

2023: ₹-114.86 thousand

Higher interest income from FVOCI investments.

Rental Income:

2024: ₹-1.48 thousand

2023: ₹-1.32 thousand

Slight increase in rental income.

Dividend Income from Equity Investments Designated at FVOCI:

2024: ₹-3.72 thousand

2023: ₹-0.39 thousand

Increase in dividend income.

Net Gain on Financial Assets Mandatorily Measured at FVPL (Fair Value Through Profit or Loss):

2024: ₹-630.35 thousand

2023: ₹-359.94 thousand

Increase in gains from FVPL financial assets.

Net Gain on Sale of Financial Assets Mandatorily Measured at FVPL:

2024: ₹-134.63 thousand

2023: ₹-105.11 thousand

Higher gains from the sale of FVPL financial assets.

Profit on Sale of Investment in Associates:

2024: ₹-81.43 thousand

No such profit in 2023.

Net (Gain)/Loss on Disposal of Property, Plant, and Equipment:

2024: ₹3.55 thousand

2023: ₹0.65 thousand

Higher gain from disposal of assets.

Doubtful Debts Written Off:

2024: ₹8.25 thousand

2023: ₹14.59 thousand

Decrease in doubtful debts written off.

Impairment in Value of Investment:

2024: ₹39.99 thousand

No such impairment in 2023.

Provision for Doubtful Debts:

2024: ₹0.40 thousand

2023: ₹0.06 thousand

Slight increase in provision for doubtful debts.

Reversal/(Provision) for Impairment/Write-off of Intangible Assets Under Development:

No such provision in 2024.

2023: ₹60.81 thousand

Reversal of impairment in 2023.

Share of Net Profit of Associates Accounted by Using Equity Method:

2024: ₹-100.54 thousand

2023: ₹-88.50 thousand

Increase in share of profit from associates.

Provision for Contribution to Core Settlement Guarantee Fund:

2024: ₹52.98 thousand

2023: ₹224.48 thousand

Significant decrease in provision for core settlement guarantee fund.

Interest on Lease Liabilities:

2024: ₹11.74 thousand

2023: ₹8.61 thousand

Increase in interest on lease liabilities.

Change in Operating Assets and Liabilities:

(Increase)/Decrease in Trade Receivables:

2024: ₹-297.82 thousand

2023: ₹-216.19 thousand

Increase in trade receivables, indicating higher sales on credit.

Increase/(Decrease) in Trade Payables:

2024: ₹70.52 thousand

2023: ₹54.18 thousand

Increase in trade payables, reflecting higher purchase obligations.

(Increase)/Decrease in Other Financial Assets:

2024: ₹-19.36 thousand

2023: ₹-0.86 thousand

Increase in other financial assets.

(Increase)/Decrease in Other Assets:

2024: ₹120.20 thousand

2023: ₹-150.80 thousand

Decrease in other assets.

Increase/(Decrease) in Other Financial Liabilities:

2024: ₹17,298.56 thousand

2023: ₹-4,631.68 thousand

Significant increase in other financial liabilities.

Increase/(Decrease) in Provisions:

2024: ₹31.15 thousand

2023: ₹0.29 thousand

Increase in provisions.

Increase/(Decrease) in Other Liabilities:

2024: ₹3,885.46 thousand

2023: ₹-1,395.12 thousand

Increase in other liabilities.

(Refund)/Proceeds of Deposits:

2024: ₹383.76 thousand

2023: ₹557.48 thousand

Decrease in deposit proceeds.

Change in Core Settlement Guarantee Fund:

2024: ₹3,082.98 thousand

2023: ₹536.20 thousand

Increase in the core settlement guarantee fund.

Cash Generated from Operations:

2024: ₹33,687.42 thousand

2023: ₹4,092.32 thousand

Significant increase in cash generated from operations.

Income Taxes Paid:

2024: ₹-3,943.12 thousand

2023: ₹-2,357.83 thousand

Increase in income taxes paid.

Net Cash Inflow from Operating Activities:

2024: ₹29,744.30 thousand

2023: ₹1,734.49 thousand

Substantial increase in net cash inflow from operating activities.

Cash Flows from Investing Activities

Payment for Property, Plant, and Equipment and Intangible Assets:

2024: ₹-470.30 thousand

2023: ₹-406.42 thousand

Increase in capital expenditures.

Proceeds from Property, Plant, and Equipment and Intangible Assets:

2024: ₹1.06 thousand

2023: ₹2.75 thousand

Decrease in proceeds from asset sales.

Proceeds from Rental Income:

2024: ₹1.48 thousand

2023: ₹1.32 thousand

Slight increase in rental income.

(Payment)/Proceeds from Investments (Net):

2024: ₹-6,153.20 thousand

2023: ₹-4,031.12 thousand

Increase in payments for investments.

Profit on Sale of Investment in Associates:

2024: ₹127.74 thousand

No such profit in 2023.

(Payment)/Proceeds from Investments in Deposits with Financial Institutions (Net):

No such transactions in 2024.

2023: ₹115.38 thousand

Payment for Investment in Associates:

2024: ₹-40.00 thousand

2023: ₹-10.00 thousand

Increase in investment in associates.

(Payment)/Proceeds from Fixed Deposits/Bank Balances Other than Cash & Cash Equivalents (Net):

2024: ₹-3,001.95 thousand

2023: ₹350.99 thousand

Significant decrease in bank balances other than cash.

Interest Received:

2024: ₹1,180.32 thousand

2023: ₹744.84 thousand

Increase in interest received.

Dividend Received (Including Dividend from Associate Companies):

2024: ₹18.54 thousand

2023: ₹15.21 thousand

Increase in dividends received.

Net Cash Outflow from Investing Activities:

2024: ₹-8,336.31 thousand

2023: ₹-3,217.04 thousand

Significant increase in net cash outflow from investing activities.

Cash Flows from Financing Activities

Dividend Paid:

2024: ₹-3,959.00 thousand

2023: ₹-2,079.00 thousand

Increase in dividend payments.

Acquisition of Non-Controlling Interest in Subsidiary:

No such transactions in 2024.

2023: ₹-2.54 thousand

Payment of Lease Liabilities:

2024: ₹-22.95 thousand

2023: ₹-9.83 thousand

Increase in payment of lease liabilities.

Interest on Lease Liabilities:

2024: ₹-11.74 thousand

2023: ₹-8.61 thousand

Increase in interest on lease liabilities.

Net Cash Outflow from Financing Activities:

2024: ₹-3,993.69 thousand

2023: ₹-2,099.98 thousand

Significant increase in net cash outflow from financing activities.

Net (Decrease)/Increase in Cash and Cash Equivalents

Net (Decrease)/Increase:

2024: ₹17,414.30 thousand

2023: ₹-3,582.53 thousand

Significant increase in cash and cash equivalents in 2024 compared to a decrease in 2023.

Cash and Cash Equivalents – Opening Balance:

2024: ₹5,974.65 thousand

2023: ₹9,557.18 thousand

Reflects the prior year ‘s closing balance.

Cash and Cash Equivalents – Closing Balance:

2024: ₹23,388.95 thousand

2023: ₹5,974.65 thousand

Significant increase in closing cash balance, indicating a stronger cash position at the end of 2024.

Dividend History

Particulars	2024	2023
Dividend Per Share (in Rs.)	90.00	42.00

Annual Report

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