METROPOLITAN STOCK EXCHANGE OF INDIA LIMITED UNLISTED SHARE
ABOUT MSEI
METROPOLITAN STOCK EXCHANGE OF INDIA LIMITED is national level stock exchange operating in Equity, Equity Derivatives, Currency Derivatives, debt and SME segments.The Exchange ecosystem supports various intermediaries’ including stockbrokers, authorized persons, corporates, banks, depositories, depository participants, custodians and investors.The exchange offers an electronic, hi-tech and transparent platform for trading in capital markets, futures and options, debt market and currency derivatives segments.However, the Exchange has temporarily suspended trading in its debt segment from September 2020.
Metropolitan Stock Exchange of India Limited comprises of 2 indices. SX40 and SXBANK. SX 40 consists 40 large-cap liquid stocks representing different sectors. SXBANK measures the performance of banking sector. The index consists 10 stocks from the banking sector.
MSE’s offers a variety of products and services across multiple asset classes in India which enables it to be responsive to the market demands. Its state of theart technology and robust network is a pioneer in technology and ensures reliability and performance of its systems. MSE’s products and services fosterdigital transformation on technology, cyber security, innovation and intelligencesolutions. Products offered by the exchange across various segments to Proprietary, Retail Participants, Institutional Participants (Domestic and Foreign include Current Future and Options, Cross currency futures & options, interest rate futures, equity shares, sovereign gold bonds, ETFs, offer for sale, stock futures & options, Index futures & options.
As of 31st March 2020, the exchange has 558 members for its currency derivatives segment, 346 members for equity cash segment and 334 equity futures & options segment.
INCORPORATION DETAILS
CIN | U65999MH2008PLC185856 |
Registration Date | 14 August 2008 |
Category/Sub-category of the Company | Company Limited by Shares |
Address of the Registered office and contact details | Vibgyor Towers, 4th Floor, Plot no. C-62, G Block BandraKurla Complex, Bandra (East), Mumbai- 400098. Tel No: 022 61129000 Email Id: secretarial@msei.in |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | KFin Technologies Private Limited Selenium Tower B, Plot numbers 31 & 32 Nanakramguda, Financial District, Gachibowli Hyderabad – 500 032 Email: einward.ris@kfintech.com Tel.No.: +91-040-6716 2222 |
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services | NIC Code of the product/service | % to total turnover of the Company |
Exchange Operation | 66110 | 100% |
BOARD OF DIRECTORS
Mr. Dinesh Kumar Mehrotra (Chairman & Public Interest Director)
Mr. Ajai Kumar (Public Interest Director)
Mr. SudhirBassi (Shareholder Director)
Ms. Latika S. Kundu (Managing Director & CEO)
Ms. TrishnaGuha (Public Interest Director)
Mr. S.V.D Nageswara Rao (Public Interest Director)
Mr. Vijay Sardana (Public Interest Director)
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company | % of shares held |
Metropolitan Clearing Corporation of India Limited | 95.85% |
MCX SX KYC Registration Agency Limited | 100.00% |
METROPOLITAN STOCK EXCHANGE OF INDIA LIMITEDUNLISTED SHARE DETAILS
Total Available Shares: | 4,81,02,17,033 |
Face Value: | Rs. 1 Per Equity Share |
ISIN: | INE312K01010 |
Pan No. | AAFCM6942F |
Last Traded Price: | Rs.1.15 |
Lot Size: | 10000 Shares |
Current Unlisted Share Price: | Rs.553.17 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
1 | MULTI COMMODITY EXCHANGE | 33,17,77,008 | 6.90% |
2 | SIDDHARTH BALACHANDRAN | 23,84,09,950 | 4.96% |
3 | RADHAKISHAN S DAMANI | 11,93,63,496 | 2.48% |
4 | BANK OF BARODA | 9,37,57,564 | 1.95% |
5 | STATE BANK OF INDIA | 9,74,00,000 | 2.02% |
6 | OTHERS | 3,92,95,09,015 | 81.69% |
| Total | 4,81,02,17,033 | 100.00% |
INDUSTRY OUTLOOK
The Indian stock market exchanges are important market infrastructure intermediaries andthey are guided by the Securities and Exchange Board of India (SEBI). They work as a tool fornation building and a major job creator. The Exchanges comprises of many assetclasses – equities, equity derivatives, currency derivatives, government and corporatebonds, interest rate derivatives, and commodity derivatives, etc.Stock exchanges in India are primarily regulated by SEBI. SEBI has introduced theinteroperability between Clearing Corporations, the framework is applicable to allthe recognized CCPs excluding those operating in the IFSC zone, and all theproducts available for trading on the stock exchanges (except commodityderivatives), interoperability norms benefits market participants to rationalize marginsacross exchanges and products by optimizing the use of capital but alsoreduce post-trade costs of trading firms.
With favourable regulatory environment, Indian capital markets are expected toremain attractive to both domestic and foreign investors. Initiatives by thegovernment towards ease of doing business, enhanced sectoral caps, simplermechanism to obtain approval for investment coupled by tax exemptions isexpected to further boost the robust business environment for foreign investorsleading to a larger inflow of capital in the coming years as well. This will not onlyaugment the depth, maturity and robustness of the Indian capital markets but also build investor confidence.
In a population of about 1.37 billion people, only around 2.5% invest in the capital markets in India. India has nearly 4 crore demat accounts, out of which only 0.95crore is active. Traditionally, the metropolitan cities have played an important role in contributing to the markets but it has been mostly restricted up to that point.There is still a significant dearth of participation from Tier-II and Tier-IIIcities, who would be the main contributor to the booming markets across allsocioeconomic strata.The entry of young investors from thesesmall town wouldbe pivotal for driving next level of growth in Indian Capital Markets. Metropolitan Stock Exchange of India Limited aims at catering to this need of the hour through easily accessiblecustomized products across multiple investment avenues.
KEY FINANCIALS OF METROPOLITAN STOCK EXCHANGE OF INDIA LIMITED (In Rs. Lakhs)
Particulars | 2021 | 2020 | 2019 | 2018 |
Revenue from Operations | 1,063 | 1,029 | 804 | 849 |
EBITDA | (4,049) | (4,241) | (5,112) | (5,998) |
Finance Cost | 83 | 159 | 111 | - |
Depreciation | 1,117 | 1,293 | 1,338 | 1,457 |
Other Income | 2,182 | 2,672 | 2,716 | 1,979 |
Profit Before Tax and exceptional items | (3,067) | (3,021) | (3,845) | (5,476) |
Exceptional items | - | (1,480) | - | - |
Total Tax | 41 | 76 | 214 | (1) |
Profit After Tax (PAT) | (3,108) | (4,577) | (4,059) | (5,475) |
EPS | (0.06) | (0.10) | (0.08) | (0.15) |
BALANCE SHEET OF METROPOLITAN STOCK EXCHANGE OF INDIA LIMITED (In Rs. Lakhs)
Particulars | 2021 | 2020 | 2019 |
ASSETS | |||
NON CURRENT ASSETS | |||
Tangible assets | 1,880 | 1189 | 441 |
Intangible assets | 2,139 | 2,447 | 3,992 |
Financial assets | 1,511 | 19,525 | 5,611 |
Tax assets | 558 | 565 | 1145 |
Other non-current assets | 4,601 | 4,222 | 4,018 |
TOTAL NON CURRENT ASSETS | 10,689 | 27,949 | 15,207 |
CURRENT ASSETS | |||
Financial assets | 11,862 | 5,700 | 4,135 |
Trade receivables | 160 | 117 | 134 |
Cash and cash equivalents | 24798 | 16,012 | 37,961 |
Tax assets (net) | 1167 | 1,631 | 1,755 |
Other current assets | 486 | 411 | 339 |
TOTAL CURRENT ASSETS | 38468 | 23,871 | 44,324 |
TOTAL ASSETS | 49157 | 51,820 | 59,531 |
EQUITY AND LIABILITIES | |||
EQUITY | |||
Equity share capital | 48,052 | 48,052 | 48,052 |
Other equity | (18,877) | -15,807 | -10,937 |
Non-controlling interests | 553 | 579 | 1286 |
TOTAL EQUITY | 29,728 | 32,824 | 38,401 |
CORE SETTLEMENT GUARANTEE FUND | 865 | 1,041 | 1,041 |
LIABILITIES | |||
NON CURRENT LIABILITIES | |||
Financial liabilities | 12,328 | 11,209 | 10,776 |
Provisions | 39 | 46 | 31 |
Tax liabilities | 96 | 55 | 1 |
TOTAL NON CURRENT LIABILITIES | 12,463 | 11,310 | 10,808 |
CURRENT LIABILITIES | |||
Borrowings | 0 | 0 | 2415 |
Trade payables | 135 | 287 | 948 |
Other financial liabilities | 5114 | 5,670 | 5,405 |
Provisions | 17 | 43 | 24 |
Other current liabilities | 834 | 644 | 489 |
TOTAL CURRENT LIABILITIES | 6100 | 6,644 | 9,280 |
TOTAL LIABILITIES | 18,563 | 17,954 | 20,088 |
TOTAL EQUITY AND LIABILITIES | 49,157 | 51,820 | 59,531 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | Nil | Nil | Nil |
Retained Earnings (Consolidated) (In Rs. Lakhs) | -55,055 | -50,468 | -46,381 |
PERFORMANCE OF THE COMPANY
Totalvolume i.e. traded quantity on Metropolitan Stock Exchange platform during the FY 2019-20 in the Capital Market Segment was 12,98,218 shares and the total value traded being Rs. 2,799 lakhs.
Revenue from Operation of the company increased by 3% from Rs. 1,029 lakhs in FY 2020 to Rs. 1,063 lakhs in FY2021
EBITDA of the company was a loss of Rs. 4,241 lakhs in FY 2020, which improved to loss of Rs. 4,049 lakhs in FY 2021.
Metropolitan Stock Exchange of India Limited incurred a loss of Rs. 3,108 lakhs in FY 2021, which is less than the loss of Rs. 4,577 lakhs in FY 2020. Net Profit margins have been improved from -444.80% in FY 2020 to -292.38% in FY 2021.
Current ratio of the company as on 31st March 2021 was 6.30, this clearly states that the company does not have any liquidity issues and is managing its working capital efficiently.
Debt to Equity ratio of the company as on 31st March 2021 stood at 0 as there is no debt.
Metropolitan Stock Exchange of India Limited has not given any dividend from the past three years.
As of 31st March 2020, Metropolitan Stock Exchange of India Limited had 295 listed companies, of which 232 companies are exclusively listed on Metropolitan Stock Exchange.
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