Metropolitan Stock Exchange of India Ltd

₹2,100 - ₹3,500

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	146	Visit
★★★★☆	₹2,600	539	Visit
★★★★★☆	₹2,700	965	Visit
★★★★★☆	₹2,800	663	Visit
★★★★☆☆	₹2,900	154	Visit

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★★★★☆

LTP:₹2,100

Min Qty:507

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★★★★☆

LTP:₹2,600

Min Qty:418

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★★★★★☆

LTP:₹2,700

Min Qty:620

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★★★★★☆

LTP:₹2,800

Min Qty:135

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★★★★☆☆

LTP:₹2,900

Min Qty:177

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.

Balance Sheet	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Equity Capital	480.52	480.52	480.52	480.52	480.52	480.52
Reserves	-109.36	-158.07	-188.77	-219.84	-239.11	-287.73
Total Equity	371.16	322.45	291.75	260.68	241.41	192.79
Borrowings	0	0	0	0	0	0
Provisions	0.31	0.46	0.39	0.29	0.23	0.17
Deferred Tax Liability	107.77	112.65	124.24	125.94	22.02	18.88
Total Non Current Liabilities	108.08	113.11	124.63	126.23	22.25	19.05
Borrowings	24.15	0	0	0	0	0
Other Current Liabilities	68.65	66.44	61.01	51.11	35.72	37.35
Total Current Liabilities	92.80	66.44	61.01	51.11	35.72	37.35
Non Controlling Interest	12.86	5.79	5.53	5.25	0	0
Core Settlement Guarantee Fund	10.41	10.41	8.65	8.50	0	0
Equity + Liabilities	595.31	518.20	491.57	451.77	299.38	249.19
Fixed Assets (incl. WIP)	42.79	28.87	27.44	24.25	14.14	11.53
Other Non Current Assets	109.28	250.62	79.45	106.47	82.58	76.09
Total Non Current Assets	152.07	279.49	106.89	130.72	96.72	87.62
Trade Receivables	1.34	1.17	1.60	4.21	1.30	2.61
Cash & Cash Equivalents	379.61	160.12	247.93	230.84	92.17	14.76
Other Current Assets	62.29	77.42	135.15	86.00	109.19	144.20
Total Current Assets	443.24	238.71	384.68	321.05	202.66	161.57
Total Assets	595.31	518.20	491.57	451.77	299.38	249.19

Profit & Loss	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue from Operations	7.36	9.21	10.06	10.63	10.29	8.04
Growth %	-20.09%	-8.45%	-5.36%	3.30%	27.99%	-
Operating Expenses	61.60	58.34	45.24	51.12	52.69	59.16
Growth %	5.59%	28.96%	-11.50%	-2.98%	-10.94%	-
Operating Profit	-54.24	-49.13	-35.18	-40.49	-42.40	-51.12
Op. Profit Margin %	-736.96%	-533.44%	-349.70%	-380.90%	-412.05%	-
Other Income	13.69	45.44	15.00	21.82	26.72	27.16
Finance Costs	0.98	0.39	0.60	0.83	1.59	1.11
Depreciation	6.06	10.65	10.48	11.17	12.94	13.38
Profit Before Tax	-47.59	-14.73	-31.26	-30.67	-30.21	-38.45
Tax	-1.15	3.94	0.41	0.41	15.56	2.14
Tax %	2.42%	-26.75%	-1.31%	-1.34%	-51.51%	-5.57%
Profit After Tax	-48.74	-18.67	-31.67	-31.08	-45.77	-40.59
Growth %	161.06%	-41.05%	1.90%	-32.10%	12.76%	-
PAT %	-662.23%	-202.71%	-314.81%	-292.38%	-444.80%	-504.85%
Diluted EPS	-0.1	-0.04	-0.06	-0.06	-0.1	-0.08

Shareholding Pattern

Color	Shareholder	Holding
	Multi Commodity Exchange Of India Ltd	6.90%
	Others	93.10%

Fundamentals

Quick Insights

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.

Market Cap₹2,889.12 Cr

PE Ratio-60.00

EPS₹-0.10

Dividend Yield0%

Book Value₹₹0.40

Debt/Equity0

Price/Book15.00

Industry PE0

Sales₹7.36 Cr

Profit After Tax-₹48.74 Cr

ISININE312K01010

SectorExchange

About Company

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.

It features key indices like SX40 and SXBANK, representing diverse sectors, and emphasizes lower transaction costs and a wide range of financial products. With a growing membership base, MSEI plays a crucial role in democratizing financial market participation in India while promoting investor education and financial literacy.

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	120	Visit
★★★★☆	₹2,600	110	Visit
★★★★★☆	₹2,700	364	Visit
★★★★★☆	₹2,800	369	Visit
★★★★☆☆	₹2,900	377	Visit

Quick Insights

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.

Market Cap₹2,889.12 Cr

PE Ratio-60.00

EPS₹-0.10

Dividend Yield0%

Book Value₹₹0.40

Debt/Equity0

Price/Book15.00

Industry PE0

Sales₹7.36 Cr

Profit After Tax-₹48.74 Cr

ISININE312K01010

SectorExchange

About Company

Strengths

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.

Annual Reports

FY24 FY23 FY22 FY21 FY20

Balance Sheet	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Equity Capital	480.52	480.52	480.52	480.52	480.52	480.52
Reserves	-109.36	-158.07	-188.77	-219.84	-239.11	-287.73
Total Equity	371.16	322.45	291.75	260.68	241.41	192.79
Borrowings	0	0	0	0	0	0
Provisions	0.31	0.46	0.39	0.29	0.23	0.17
Deferred Tax Liability	107.77	112.65	124.24	125.94	22.02	18.88
Total Non Current Liabilities	108.08	113.11	124.63	126.23	22.25	19.05
Borrowings	24.15	0	0	0	0	0
Other Current Liabilities	68.65	66.44	61.01	51.11	35.72	37.35
Total Current Liabilities	92.80	66.44	61.01	51.11	35.72	37.35
Non Controlling Interest	12.86	5.79	5.53	5.25	0	0
Core Settlement Guarantee Fund	10.41	10.41	8.65	8.50	0	0
Equity + Liabilities	595.31	518.20	491.57	451.77	299.38	249.19
Fixed Assets (incl. WIP)	42.79	28.87	27.44	24.25	14.14	11.53
Other Non Current Assets	109.28	250.62	79.45	106.47	82.58	76.09
Total Non Current Assets	152.07	279.49	106.89	130.72	96.72	87.62
Trade Receivables	1.34	1.17	1.60	4.21	1.30	2.61
Cash & Cash Equivalents	379.61	160.12	247.93	230.84	92.17	14.76
Other Current Assets	62.29	77.42	135.15	86.00	109.19	144.20
Total Current Assets	443.24	238.71	384.68	321.05	202.66	161.57
Total Assets	595.31	518.20	491.57	451.77	299.38	249.19

Profit & Loss	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue from Operations	7.36	9.21	10.06	10.63	10.29	8.04
Growth %	-20.09%	-8.45%	-5.36%	3.30%	27.99%	-
Operating Expenses	61.60	58.34	45.24	51.12	52.69	59.16
Growth %	5.59%	28.96%	-11.50%	-2.98%	-10.94%	-
Operating Profit	-54.24	-49.13	-35.18	-40.49	-42.40	-51.12
Op. Profit Margin %	-736.96%	-533.44%	-349.70%	-380.90%	-412.05%	-
Other Income	13.69	45.44	15.00	21.82	26.72	27.16
Finance Costs	0.98	0.39	0.60	0.83	1.59	1.11
Depreciation	6.06	10.65	10.48	11.17	12.94	13.38
Profit Before Tax	-47.59	-14.73	-31.26	-30.67	-30.21	-38.45
Tax	-1.15	3.94	0.41	0.41	15.56	2.14
Tax %	2.42%	-26.75%	-1.31%	-1.34%	-51.51%	-5.57%
Profit After Tax	-48.74	-18.67	-31.67	-31.08	-45.77	-40.59
Growth %	161.06%	-41.05%	1.90%	-32.10%	12.76%	-
PAT %	-662.23%	-202.71%	-314.81%	-292.38%	-444.80%	-504.85%
Diluted EPS	-0.1	-0.04	-0.06	-0.06	-0.1	-0.08

Shareholding Pattern

Color	Shareholder	Holding
	Multi Commodity Exchange Of India Ltd	6.90%
	Others	93.10%

Board of Directors

Dinesh C Patwari Chairman & Public Interest Director

Ashok Kumar DograPublic Interest Director

Rakesh Kumar SrivastavaPublic Interest Director

Manoj Kunkalienkar Non-Independent Director

Latika S. Kundu Managing Director & CEO

Senior Management

Latika S KunduManaging Director & CEO

Saket BhansaliChief Financial Officer

P K RameshChief Regulatory Officer & Compliance Officer

Isidorio FernandesChief Technology Officer

Jagdish AsodekarChief Information Security Officer

Durgesh KadamHead- Legal and Company Secretary