amit@unlistedkraft.in
+91-9599071664
+91-9599071664
Metropolitan Stock Exchange of India
DRHP Status : Not Filed
5.5
| 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 |
| 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 |
| Name | Holding |
|---|---|
| Financial Institutions /Banks | 14.94% |
| Bodies Corporate | 17.85% |
| Individuals | 55.59% |
| Others | 7.62% |
The Metropolitan Stock Exchange of India (MSE) is a SEBI-recognised stock exchange that launched operations in 2008 with its Currency Derivatives (CD) Segment. The Ministry of Corporate Affairs officially recognised MSE as a "Recognised Stock Exchange" in December 2012.
MSE provides an advanced electronic platform for trading across various segments, including the Capital Market, Futures & Options, Currency Derivatives, and Debt Market. In February 2013, MSE introduced its Capital Market Segment, Futures and Options Segment, and its flagship SX40 index. The SX40, a free-float index of 40 large-cap stocks, serves as a performance benchmark and facilitates investment and risk management. Trading in SX40 index derivatives began in May 2013.
The Debt Market Segment went live in June 2013, and in January 2014, MSE began live trading in cash-settled Interest Rate Futures (IRF) on Government of India securities within its Currency Derivative Segment, offering a tool to hedge against interest rate volatility. MSE has also received in-principle approval from SEBI to operate an SME trading platform.
Click here to visit the official website of the Metropolitan Stock Exchange of India.
Strengths:
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Diversified Ownership:
MSEI has a diverse shareholder base including prominent banks, financial institutions, and individual investors like Rakesh Jhunjhunwala, which can indicate strong support and potential for future growth.
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Market Potential:
As a stock exchange in the growing Indian market, MSEI has the potential to expand its market share and benefit from the increasing investor base.
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Infrastructure and Offerings:
MSEI boasts a robust infrastructure and comprehensive product offerings, which could attract more traders and brokers.
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Potential for Listing:
With the possibility of a future IPO, investors could see significant returns if MSEI successfully lists on a stock exchange.
Weaknesses:
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Limited SME Platform:
Compared to other exchanges, MSEI's SME platform might be less developed, limiting its reach in the small and medium enterprise segment.
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Individual Ownership Concentration:
A significant portion of ownership is held by a few individual investors, which could lead to potential volatility in share price.
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Low Liquidity:
As an unlisted company, trading MSEI shares can be challenging due to limited liquidity and potential difficulty in finding buyers or sellers.
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Regulatory Concerns:
MSEI has faced regulatory scrutiny from SEBI in the past, which could impact its future growth and operations.
Key points to consider:
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Valuation:
While MSEI might appear undervalued compared to other exchanges, carefully evaluate its current valuation and potential future growth before investing.
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Market Dynamics:
Stay updated on developments in the Indian stock exchange market, including potential new regulations or competition from established exchanges.
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Due Diligence:
Since it's an unlisted company, thorough due diligence is crucial before investing in MSEI shares.
+91-9599071664
amit@unlistedkraft.in