Unlisted Shares
Metropolitan Stock Exchange (MSEI)
Metropolitan Stock Exchange of India Limited (MSEI) (Unlisted)
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About Metropolitan Stock Exchange (MSEI)
Metropolitan Stock Exchange of India Limited (MSEI), formerly known as MCX-SX, is a SEBI-recognized national-level stock exchange in India. It operates trading platforms in Equity, Equity Derivatives, Currency Derivatives, Debt, and SME segments. The exchange is focused on enhancing liquidity through market maker programs and strategic capital raises.
Share Details
| company Name | Metropolitan Stock Exchange of India Limited (MSEI) (Unlisted) |
| indicative Unlisted Share Price | ₹7.5 |
| market Capitalization | ₹7150 Crore |
| lot Size | 2000 |
| 52 Week High | ₹8 |
| 52 Week Low | ₹2.75 |
| face Value | ₹1 |
| book Value | 0.36 |
| pe Ratio | N/A |
| pb Ratio | 18 |
| debt To Equity | 0 |
| return On Equity | Negative |
| total Outstanding Shares | 11000217033 |
| isin | INE312K01010 |
| depository | NSDL & CDSL |
| pan | AAFCM6942F |
| cin | U65999MH2008PLC181801 |
| rta | KFin Technologies |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 10 | 9 | 7 | 4.3 |
| EBITDA | -35 | -49 | -54 | -41.7 |
| PBT | -31 | -18 | -49 | -35 |
| Net Profit / Loss (PAT) | -30 | -18.7 | -49 | -34 |
| EPS | -0.06 | -0.04 | -0.1 | -0.06 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | -350 | -544.44 | -771.43 | -969.77 |
| Net Profit Margin (%) | -300 | -207.78 | -700 | -790.7 |
| Earning Per Share (Diluted) | -0.06 | -0.04 | -0.1 | -0.06 |
Financial Annual Report Summary
MSEI continues to incur losses due to limited trading volumes. The company is focusing on liquidity enhancement schemes, market maker programs, and capital infusion to revive operations.
Why Invest in Metropolitan Stock Exchange
- Debt-free balance sheet.
- Significant capital infusion through private placements.
- Liquidity enhancement scheme launched for equity segment.
- Long-term potential as India's third national stock exchange.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 24 | 14 | 11.5 | 8.7 |
| CWIP | 2 | 0.4 | 0 | 30 |
| Investments | 81 | 73 | 49 | 172 |
| Trade Receivables | 4 | 1 | 3 | 0.8 |
| Other Assets | 340 | 210.6 | 185.5 | 232.5 |
| Total Assets | 451 | 299 | 249 | 444 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 480.5 | 480.5 | 480.5 | 599.5 |
| FV | 1 | 1 | 1 | 1 |
| Reserves | -220 | -239 | -288 | -203 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 0.58 | 1 | 3 | 0.8 |
| Other Liabilities | 189.92 | 56.5 | 53.5 | 46.7 |
| Total Liabilities | 451 | 299 | 249 | 444 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
Debt-free with negative reserves due to accumulated losses. Recent equity infusion increasing share capital.
Liabilities Breakdown
Debt to Equity ratio of 0 (Debt-free).
Additional Insights
Strong equity base with no borrowings. Cash and investments form major part of assets.
Cash Flow Insights
- Persistent negative operating cash flow.
- Funded through equity raises and investment income.
Shareholding Pattern
Recent
Promoter: High (Strategic Investors incl. Zerodha & Groww founders)
Institutional: Low
Public: Low
Promoters & Management
Professionally managed with strong strategic backing from key market participants.
Key Management
Dinesh C Patwar - Chairman
36 Years
Ms. Latika S. Kundu - MD & CEO
25 Years
Ms. Trishna Guha - Public Interest Director
20+ Years
Mr. Rakesh Kumar Srivastava - Public Interest Director
20+ Years
Registrar & Transfer Agent (RTA)
Registrar: KFin Technologies
Website: https://www.kfintech.com/
Management Analysis
Focus on liquidity enhancement, market maker programs, and revival of equity trading segment to establish MSEI as a competitive national exchange.
Frequently Asked Questions About Metropolitan Stock Exchange (MSEI)
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