India’s Leading BFSI and FinTech Companies 2021

31 BSE and NSE declined 24.9% and 24.7% respectively in FY20 to ` 113.5 trillion and Rs112.4 trillion as at the end of FY20. Among the broad-based indices at NSE, Nifty 500 index and Nifty 100 index declined by 27.6% and 25.9%, respectively in FY20. Similarly, the broad-based indices at BSE, viz., S&P BSE 500 and S&P BSE 100 index also dropped by 27.5% and 26.6% during the year. Market capitalization By the end of March 2020, the market capitalisation of BSE and NSE declined by 24.9% and 24.7%, respectively to ` 113.5 trillion and ` 112.4 trillion, respectively. The free float market capitalisation as a percentage of total market capitalisation at BSE and NSE stood at 46.1% and 46.4%, respectively, at the end of March 2020. 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 NSE BSE Tota l Market Capitalization ( ` Lakh crore) Mar 31 2019 Mar 31 2020 Market Indicators Market capitalization to GDP ratio The market capitalization-to-GDP ratio is a commonmetric that seeks tomeasure whether the stock market is undervalued or overvalued. It is probably the best singlemeasure of valuations stand at any givenmoment. The BSE’smarket capitalisation to GDP ratio decreased to 55.7% in FY20 from 79.6% in FY19. Similarly, the NSE’s market capitalisation to GDP ratio also decreased to 55.2% in 2019-20 to 78.7% in 2018- 19. Year BSE Market Capitalisation to GDP Ratio (%) NSE Market Capitalisation to GDP Ratio (%) Total Turnover to GDP Ratio (%) Cash Segment (all-India) Equity Derivatives Segment (BSE+NSE)* FY19 79.6 78.7 46 1252.4 FY20 55.7 55.2 47.4 1690.1 Source: SEBI Price-to-Earnings Ratio The Price-to-Earnings (P/E) ratio is a useful metric for evaluating the relative attractiveness of a company’s stock price as compared to the current earnings of a firm. As on March 31, 2020, Sensex and NIFTY’s P/E ratios were 17.8 and 19.4, respectively as compared to 28.0 and 29.0, respectively on March 31, 2019. Year S&P BSE Sensex S&P BSE 100 S&P BSE IT S&P BSE Bankex Nifty 50 Nifty 100 Nifty IT Nifty Bank FY19 28 26.2 21.1 44 29 30.5 23.3 64.8 FY20 17.8 16.4 15.2 17.6 19.4 21.3 16.6 20.7 Source: SEBI Dun & Bradstreet