Unlisted Shares
ICEX (Indian Commodity Exchange) Limited Unlisted Shares
Fusion Techstack Limited (Formerly Indian Commodity Exchange Limited) (Unlisted)
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About ICEX (Indian Commodity Exchange) Limited Unlisted Shares
Fusion Techstack Limited (formerly known as Indian Commodity Exchange Limited - ICEX) is a SEBI-recognized commodity exchange in India with a demutualized corporate structure. It offers online trading, clearing, and settlement services for various agricultural and non-agricultural commodities. The company is undergoing a strategic shift towards technology and IT-enabled solutions including software, cloud, data management, AI, and blockchain.
Share Details
| company Name | Fusion Techstack Limited (Formerly Indian Commodity Exchange Limited) (Unlisted) |
| indicative Unlisted Share Price | ₹5 |
| market Capitalization | ₹124.44 Crore |
| lot Size | 5000 |
| 52 Week High | ₹7.35 |
| 52 Week Low | ₹2.33 |
| face Value | ₹5 |
| book Value | 1.4 |
| pe Ratio | 182.75 |
| pb Ratio | 2.33 |
| debt To Equity | 0.00 |
| return On Equity | 1.58 |
| total Outstanding Shares | 533507676 |
| isin | INE678L01012 |
| depository | NSDL & CDSL |
| pan | AABCF7947D |
| cin | U66190GJ2008PLC099142 |
| rta | KFin Technologies |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 1.2 | 0.3 | 0.01 | 0 |
| EBITDA | -131 | -46.6 | -5.7 | -4.6 |
| PBT | -151.07 | -206.88 | -56.68 | -4.4 |
| Net Profit / Loss (PAT) | -151 | -202.91 | -58.3 | 11 |
| EPS | -0.41 | -1.09 | 0.007 | 0.02 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | -10,927 | -20,688.33 | -56,900 | N/A |
| Net Profit Margin (%) | -12,583.33 | -67,636.67 | 50000 | N/A |
| Earning Per Share (Diluted) | -0.41 | -1.09 | 0.007 | 0.02 |
Financial Annual Report Summary
The company reported minimal revenue in recent years with continued losses. It is in the process of business transformation post-SEBI license changes.
Why Invest in ICEX (Indian Commodity
- Significant reduction in losses in FY24-FY25.
- Company shifting focus from commodity exchange to tech solutions.
- Debt-free balance sheet.
- Upcoming strategic transformation.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 55 | 2.2 | 2.3 | 2.5 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 1 | 22 | 15 | 13.6 |
| Trade Receivables | 1 | 0 | 0 | 0.42 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Assets | 58 | 60.8 | 61.7 | 61.88 |
| Total Assets | 115 | 85 | 79 | 78 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 268.75 | 268.7 | 268.7 | 268.75 |
| FV | 5 | 5 | 5 | 5 |
| Reserves | -184 | -243.3 | -260 | -197 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 13.8 | 13 | 0.5 | 0.37 |
| Other Liabilities | 16.45 | 46.6 | 69.8 | 5.88 |
| Total Liabilities | 115 | 85 | 79 | 78 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
Debt-free company with negative reserves due to accumulated losses. Significant reduction in total assets over the years.
Liabilities Breakdown
Debt to Equity ratio of 0.00 (Debt-free).
Additional Insights
Strong equity base with no borrowings. Focus needed on improving reserves and revenue generation post-restructuring.
Cash Flow Insights
- Fluctuating operating cash flows.
- Limited capex requirements.
Shareholding Pattern
Recent
Promoter: Not Available
Institutional: Not Available
Public: Not Available
Promoters & Management
Professional management team with focus on technology transformation.
Key Management
Not Available on page
Registrar & Transfer Agent (RTA)
Registrar: KFin Technologies
Website: https://www.kfintech.com/
Management Analysis
Strategic shift towards technology services, AI, blockchain, and IT-enabled solutions.
Frequently Asked Questions About ICEX (Indian Commodity Exchange) Limited Unlisted Shares
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