Metropolitan Stock Exchange of India Ltd - Unlisted Shares
Fundamentals
- Current Price
- ₹7
- Market Cap
- ₹7,700.15 Cr
- ISIN
- INE312K01010
- Face Value
- ₹1
- EPS
- ₹-0.06
- P/B Ratio
- 17.50
- Book Value
- ₹0.40
- Debt / Equity Ratio
- 0
Key Financials
Profit & Loss
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 4.31 | 7.36 | 9.21 | 10.06 | 10.63 | 10.29 | 8.04 |
| Growth % | -41.44% | -20.09% | -8.45% | -5.36% | 3.30% | 27.99% | - |
| Operating Expenses | 46.87 | 61.60 | 58.34 | 45.24 | 51.12 | 52.69 | 59.16 |
| Growth % | -23.91% | 5.59% | 28.96% | -11.50% | -2.98% | -10.94% | - |
| Operating Profit | -42.56 | -54.24 | -49.13 | -35.18 | -40.49 | -42.40 | -51.12 |
| Op. Profit Margin % | -987.47% | -736.96% | -533.44% | -349.70% | -380.90% | -412.05% | - |
| Other Income | 13.07 | 13.69 | 45.44 | 15.00 | 21.82 | 26.72 | 27.16 |
| Finance Costs | 0.26 | 0.98 | 0.39 | 0.60 | 0.83 | 1.59 | 1.11 |
| Depreciation | 5.10 | 6.06 | 10.65 | 10.48 | 11.17 | 12.94 | 13.38 |
| Profit Before Tax | -34.85 | -47.59 | -14.73 | -31.26 | -30.67 | -30.21 | -38.45 |
| Tax | -0.63 | -1.15 | 3.94 | 0.41 | 0.41 | 15.56 | 2.14 |
| Tax % | 1.81% | 2.42% | -26.75% | -1.31% | -1.34% | -51.51% | -5.57% |
| Profit After Tax | -34.22 | -48.74 | -18.67 | -31.67 | -31.08 | -45.77 | -40.59 |
| Growth % | 29.79% | 161.06% | -41.05% | 1.90% | -32.10% | 12.76% | - |
| PAT % | -793.97% | -662.23% | -202.71% | -314.81% | -292.38% | -444.80% | -504.85% |
| Diluted EPS | -0.06 | -0.1 | -0.04 | -0.06 | -0.06 | -0.1 | -0.08 |
Company Financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 599.92 | 480.52 | 480.52 | 480.52 | 480.52 | 480.52 | 480.52 |
| Reserves | -203.20 | -109.36 | -158.07 | -188.77 | -219.84 | -239.11 | -287.73 |
| Total Equity | 396.72 | 371.16 | 322.45 | 291.75 | 260.68 | 241.41 | 192.79 |
| Borrowings | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provisions | 0.07 | 0.31 | 0.46 | 0.39 | 0.29 | 0.23 | 0.17 |
| Deferred Tax Liability | 0.00 | 107.77 | 112.65 | 124.24 | 125.94 | 22.02 | 18.88 |
| Total Non Current Liabilities | 30.11 | 108.08 | 113.11 | 124.63 | 126.23 | 22.25 | 19.05 |
| Borrowings | 0.00 | 24.15 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 17.03 | 68.65 | 66.44 | 61.01 | 51.11 | 35.72 | 37.35 |
| Total Current Liabilities | 17.03 | 92.80 | 66.44 | 61.01 | 51.11 | 35.72 | 37.35 |
| Non Controlling Interest | 0.00 | 12.86 | 5.79 | 5.53 | 5.25 | 0 | 0 |
| Core Settlement Guarantee Fund | 0.00 | 10.41 | 10.41 | 8.65 | 8.50 | 0 | 0 |
| Equity + Liabilities | 443.86 | 595.31 | 518.20 | 491.57 | 451.77 | 299.38 | 249.19 |
| Fixed Assets (incl. WIP) | 8.70 | 42.79 | 28.87 | 27.44 | 24.25 | 14.14 | 11.53 |
| Other Non Current Assets | 176.64 | 109.28 | 250.62 | 79.45 | 106.47 | 82.58 | 76.09 |
| Total Non Current Assets | 185.34 | 152.07 | 279.49 | 106.89 | 130.72 | 96.72 | 87.62 |
| Trade Receivables | 0.85 | 1.34 | 1.17 | 1.60 | 4.21 | 1.30 | 2.61 |
| Cash & Cash Equivalents | 95.74 | 379.61 | 160.12 | 247.93 | 230.84 | 92.17 | 14.76 |
| Other Current Assets | 161.93 | 62.29 | 77.42 | 135.15 | 86.00 | 109.19 | 144.20 |
| Total Current Assets | 258.52 | 443.24 | 238.71 | 384.68 | 321.05 | 202.66 | 161.57 |
| Total Assets | 443.86 | 595.31 | 518.20 | 491.57 | 451.77 | 299.38 | 249.19 |
Shareholding Pattern
- Multi Commodity Exchange Of India Ltd
- 6.90%%
- Others
- 93.10%%
Strengths & Weaknesses
Strengths
- Technological Infrastructure:Fault-tolerant trading systems with real-time data replication across primary, near, and disaster recovery sites ensure high availability and security.Compliance with SEBI’s cyber security framework and certifications like ISO/IEC 27001:2013 and ISO 9001:2015 for quality and security management.
- Product Diversity:Offers trading in multiple asset classes such as currency derivatives, equity cash and F&O segments, sovereign gold bonds, and ETFs.Niche indices like SX40 and SXBANK cater to sector-specific performance tracking.
- Educational Initiatives:Financial literacy programs targeting under-represented communities and events like the “Millennials and Responsible Investing” symposium help build investor confidence and engagement.
- Regulatory Compliance:Recognized and regulated by SEBI, ensuring credibility and operational transparency.
Weaknesses
- Financial Losses:Decrease in revenue and continued operational losses.Dependence on limited revenue streams like transaction and listing fees, which have been declining.
- Market Share Challenges:Struggles to establish significant market presence amidst fierce competition from NSE and BSE.
- Brand Visibility:Lesser-known brand compared to dominant players, limiting reach among retail and institutional investors.
About Metropolitan Stock Exchange of India Ltd
The Metropolitan Stock Exchange of India (MSEI), established in 2008, is a national-level stock exchange that facilitates trading in equities, derivatives, and currency instruments. Recognized by the Securities and Exchange Board of India (SEBI), MSEI aims to enhance market accessibility and transparency through advanced technology and innovative trading solutions.
Board of Directors
- Dinesh C Patwari - Chairman & Public Interest Director
- Ashok Kumar Dogra - Public Interest Director
- Rakesh Kumar Srivastava - Public Interest Director
- Manoj Kunkalienkar - Non-Independent Director
- Latika S. Kundu - Managing Director & CEO
Senior Management
- Latika S Kundu - Managing Director & CEO
- Saket Bhansali - Chief Financial Officer
- P K Ramesh - Chief Regulatory Officer & Compliance Officer
- Isidorio Fernandes - Chief Technology Officer
- Jagdish Asodekar - Chief Information Security Officer
- Durgesh Kadam - Head- Legal and Company Secretary
Frequently Asked Questions
- Is there any lock in period for Metropolitan Stock Exchange of India Ltd unlisted shares?
- The lock-in period for Metropolitan Stock Exchange of India Ltd Unlisted Shares differs based on the investor category, as per SEBI regulations:
● Venture Capital Funds and Foreign Venture Capital Investors (FVCIs):
A lock-in period of 6 months from the date of acquisition of the shares.
● Alternative Investment Funds – Category II (AIF-II): No lock-in period is applicable.
● Other investors (including retail investors, high net-worth individuals (HNIs), and body corporates):
A lock-in period of 6 months from the date of IPO listing of Metropolitan Stock Exchange of India Ltd.
These norms were introduced by SEBI in August 2021, reducing the earlier lock-in requirement from one year to six months. The change was aimed at improving liquidity and encouraging investor participation in companies preparing for public listings. Since then, interest in pre-IPO investments has increased, with investors exploring opportunities to participate in companies ahead of their potential listing. - How much long term capital gains tax do I have to pay on Metropolitan Stock Exchange of India Ltd unlisted shares?
- Long-Term Capital Gains (LTCG) on Unlisted Shares in India arise when such shares are sold after being held for a period of more than two years. The key aspects of LTCG taxation on Metropolitan Stock Exchange of India Ltd unlisted shares are outlined below:
1. Tax Rate
Earlier, LTCG on unlisted shares was taxed at 20% with indexation benefits. However, as per Union Budget 2024, the tax structure has been revised. For transfers made on or after 23rd July 2024, LTCG on unlisted shares is taxed at a flat rate of 12.5%.
2. Indexation Benefit
Previously, investors could avail indexation benefits to adjust the purchase price for inflation, thereby reducing taxable gains.
This indexation benefit has been removed under Budget 2024 for unlisted shares transferred on or after 23rd July 2024.
3. Importance for Investors
Understanding LTCG taxation is important for both retail investors and High Net-Worth Individuals (HNIs), as it directly impacts investment returns, exit planning, and overall tax strategy.
4. Calculation Method
For eligible transactions after 23rd July 2024, LTCG will be calculated at a flat tax rate of 12.5% on the capital gains, without indexation.
5. Applicability
LTCG tax is applicable when unlisted shares are held for more than 24 months before being sold.
6. Relevance
These tax provisions are particularly relevant for investors in the unlisted share market who are considering exiting their investments after a long-term holding period. - How do I start investing in Metropolitan Stock Exchange of India Ltd unlisted shares through InCred Money?
- Buying Metropolitan Stock Exchange of India Ltd Unlisted Shares on InCred Money is quick, seamless, and fully digital.
Step 1: Create Your Account
Sign up using your mobile number and email ID.
Complete your KYC by submitting your PAN, Aadhaar, bank account, and demat account details. Once submitted, your KYC is reviewed and approved.
Step 2: Select & Buy Shares
Browse and select Metropolitan Stock Exchange of India Ltd from our Unlisted Shares list and place your order.
Step 3: Share Transfer
Based on the settlement period for the shares noted on the platform, the purchased shares are transferred and reflected in both your InCred Money portfolio and your demat account. - What documents are needed to invest in Metropolitan Stock Exchange of India Ltd unlisted shares?
- To invest in Metropolitan Stock Exchange of India Ltd Unlisted Shares on InCred Money, you need to complete your KYC verification by submitting the following documents:
● PAN Card
● Aadhaar Card
● Bank account details
● Demat account details
Once your KYC is successfully completed and approved, you can start investing in unlisted shares on the platform.
