About the Metropolitan Stock Exchange (MSEI) Unlisted Shares
Metropolitan Stock Exchange of India Limited (MSEI) is a full-service national level stock exchange with a license to operate in equity, equity derivatives, currency derivatives, debts, and SME platform. It is active in all segments except SME. MSEIL holds interests in two subsidiaries: Metropolitan Clearing Corporation of India Limited (MCCIL) with 86.94% and MCX SX KYC Registration Agency Limited (MRAL) with 100%. MCCIL is in the business of clearing and settling transactions in diverse asset classes concluded at MSEIL, while MRAL maintains the database of exchange members and other entities under KYC Guidelines.
Key highlights
(i) The ownership of MSEIL is diversified among corporate bodies, banks, and individuals.
(ii) The shareholding base of MSEIL consists of Banks/Flls holding 23.64%, including such leading public and private sector banks as the State Bank of India, Bank of Baroda, Punjab National Bank, Axis Bank, HDFC Bank, etc.
(iii) Well-to-do corporate and institutional entities hold nearly 29.94% of the shares including Edelweiss Commodities Services Limited, IL&FS Financial Services Limited, Multi Commodity Exchange of India Limited, etc.
(iv) Individual investors hold now-about 40.47% of shares including such eminent ones as Mr.Rakesh Jhunjhunwala, Mr.Radhakishan Damani, Mr.Nemish Shah among others.
Fundamental
Per Equity Share
Financial
P&L Statement
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 10.63 | 10 | 9 | 7 |
| Cost of Material Consumed | 16.95 | 17 | 23 | 29 |
| Gross Margins | -59.45 | -70 | -155.56 | -314.29 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Employee Benefit Expenses | 22.9 | 20 | 19 | 16 |
| Other Expenses | 11.27 | 8 | 16 | 16 |
| EBITDA | -40.49 | -35 | -49 | -54 |
| OPM | -380.9 | -350 | -544.44 | -771.43 |
| Other Income | 21.82 | 15 | 40 | 14 |
| Finance Cost | 0.83 | 0.6 | 0.4 | 1 |
| D&A | 11.17 | 10 | 11 | 6 |
| EBIT | -51.66 | -45 | -60 | -60 |
| EBIT Margins | -485.98 | -450 | -666.67 | -857.14 |
| PBT | -30.67 | -31 | -20 | -48 |
| PBT Margins | -288.52 | -310 | -222.22 | -685.71 |
| Tax | 0.41 | -1 | -1.3 | 1 |
| PAT | -31.08 | -30 | -18.7 | -49 |
| NPM | -292.38 | -300 | -207.78 | -700 |
| EPS | -0.06 | -0.06 | -0.04 | -0.1 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | -380.9 | -350 | -544.44 | -771.43 |
| Net Profit Margin | -292.38 | -300 | -207.78 | -700 |
| Earning Per Share (Diluted) | -0.06 | -0.06 | -0.04 | -0.1 |
Balance Sheet
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 8.65 | 24 | 14 | 11.5 |
| CWIP | 2.6 | 2 | 0.4 | 0 |
| Investments | 73.9 | 81 | 73 | 49 |
| Trade Receivables | 1.6 | 4 | 1 | 3 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Assets | 404.82 | 340 | 210.6 | 185.5 |
| Total Assets | 491.57 | 451 | 299 | 249 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 480.52 | 480.5 | 480.5 | 480.5 |
| FV | 1 | 1 | 1 | 1 |
| Reserves | -188.77 | -220 | -239 | -288 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 1.36 | 0.58 | 1 | 3 |
| Other Liabilities | 198.46 | 189.92 | 56.5 | 53.5 |
| Total Liabilities | 491.57 | 451 | 299 | 249 |
Cash-Flow Statement
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | -31.07 | -31 | -18 | -49 |
| OPBWC | -38.24 | -35 | -44 | -55 |
| Change in Receivables | -0.82 | -2 | 3.4 | -1 |
| Change in Inventories | 0 | 0 | 0 | 0 |
| Change in Payables | 0.14 | -0.8 | 0.3 | -2 |
| Other Changes | -4.38 | -7.7 | -129 | -1 |
| Working Capital Change | -5.06 | -10.5 | -125.3 | -4 |
| Cash Generated From Operations | -43.3 | -45.5 | -169.3 | -59 |
| Tax | 5.38 | 0.8 | -3 | 2 |
| Cash Flow From Operations | -37.92 | -44.7 | -172.3 | -57 |
| Purchase of PPE | -6.99 | -4.5 | -3 | -2 |
| Sale of PPE | 0.02 | 0 | 0 | 0 |
| Cash Flow From Investment | 31.23 | 60.5 | 168 | 9 |
| Borrowing | 0 | 0 | 0 | 0 |
| Divided | 0 | 0 | 0 | 0 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | -4.38 | -3 | -3.3 | -2 |
| Cash Flow from Financing | -4.38 | -3 | -3.3 | -2 |
| Net Cash Generated | -11.07 | 12.8 | -7.6 | -50 |
| Cash at the Start | 12.97 | 1.9 | 15 | 63 |
| Cash at the End | 1.9 | 14.7 | 7.4 | 13 |
