Daily Gong Financial Services
Formerly ISE Securities & Services — the Inter-connected Stock Exchange's broking arm — with ₹57 Cr revenue and a ₹1,100 quote.
Market cap
₹938.96 Cr
0.85 Cr shares
P/E ratio
111.79
Sector average 18
Book value
₹66.24
P/B 16.61
1-year return
+0.00%
52w ₹1,100 – ₹1,100
Currently 0% of the way through its 52-week range.
Indicative price history
1Y change
+0.00% ₹1,100 → ₹1,100
52-week band in this window: ₹1,100.00 – ₹1,100.00. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Broking arm of the Inter-connected Stock Exchange, renamed from ISE Securities & Services.
- FY25 revenue ₹56.7 Cr (+48%); PBT about ₹11.3 Cr.
- Dealer quote ₹1,100 implies ~₹940 Cr market value — verify before dealing.
About Daily Gong
Daily Gong Financial Services Ltd (DGFSL) was incorporated in January 2000 as ISE Securities & Services Ltd, the broking subsidiary of the Inter-connected Stock Exchange of India (ISE). It is a SEBI-registered trading-cum-clearing member in the capital-market and F&O segments of NSE and the capital-market segment of BSE, and services a network of authorised persons — many of them former regional-exchange brokers — with trading, clearing and research. It was later renamed ISS Enterprise Ltd and then Daily Gong Financial Services.
Tofler reports revenue of ₹56.7 Cr for FY25, a 48% jump, with profit before tax of about ₹11.3 Cr against ₹8.3 Cr in FY24. Registry sources disagree on capital — one shows ₹8.54 Cr paid-up, another ₹5.5 Cr — so the share count (85 lakh used here) should be confirmed.
wwipl.com quotes ₹1,100 (0% change). On 85 lakh shares that is a market value above ₹900 Cr, or roughly 100x estimated earnings — a level hard to justify by broking profits alone, so the quote should be treated with caution.
Figures preliminary; verify from MCA filings. Profit, balance-sheet and shareholding figures are estimates.
Where the revenue comes from
- Broking and clearing75%
Brokerage from authorised persons and direct clients; clearing charges
- Depository and distribution15%
DP services, IPO and mutual-fund distribution
- Treasury and other10%
Interest on margins and deposits
Products & services
Broking and clearing
NSE cash and F&O, BSE cash; trading-cum-clearing membership
Authorised-person network
Sub-broker platform for former regional-exchange members
DP and distribution
Depository, IPO and mutual-fund services
What works
- • Revenue grew 48% in FY25 to ₹56.7 Cr on higher retail volumes.
- • Established NSE/BSE clearing membership with a large authorised-person network inherited from the regional exchanges.
- • Profitable, with PBT rising to ~₹11 Cr.
What to watch
- • The ₹1,100 quote implies a valuation near ₹900 Cr — around 100x earnings — with no visible trades behind it.
- • Broking income is cyclical and SEBI's F&O curbs have cut retail volumes since late 2024.
- • Paid-up capital and share count differ across registries; per-share metrics may be wrong by 50%.
- • Parent ISE lost exchange recognition in 2014; ownership and exit routes for minority holders are unclear.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| Daily GongThis page | ₹1,100.00 | ₹938.96 Cr | 111.79 | 16.61 | +48.04% |
| HDFC Securities | ₹7,990.00 | ₹12,704 Cr | 11.28 | 4.68 | +31.87% |
| DSE | ₹29.00 | ₹87 Cr | 43.28 | 0.71 | +8.01% |
Latest reported year: FY25 ending 31 Mar 2025.