ABOUT NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED
NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED (NCDEX the Exchange) is a leading national level, technology-driven de-mutualized online commodity exchange. NCDEX has a broad basket of permitted commodities aggregating to a total of 23 (which is also the highest). NCDEX includes commodities such as pulses, spices, and guar, which are not traded on any other platforms in the global scenario, and these commodities are also economically relevant to India, as they form an important component of India’s global trade. NCDEX became a deemed recognized stock exchange in September 2015.
National Commodity & Derivatives Exchange Limited is regulated by the Securities and Exchange Board of India (SEBI). The main function of NCDEX is to serve as a platform for different types of investors for buying and selling commodities through fair price discovery. It also acquires and spread the commodity news, in order, to help traders in making decisions. National Commodity & Derivatives Exchange Limited also helps in settling the disputes between the traders.
As of 31st March 2020, NCDEX offered 21 commodities to trade with futures contracts and 5 agricultural commodities to trade with options contracts on its Exchange platform. It has a member base of 375 and its client base extends to 2.910 Million. Moreover, the company has more than 200 WRDA approved warehouses.
In FY 2020, NCDEX has completely migrated to settlement via e-NWRs. National E-Repository Limited (NERL), a subsidiary of National Commodity & Derivatives Exchange Limited, has developed a network of 32 leading Banks, private, PSUs, and NBFCs acting as Pledgees, and issued around 1,17,317 eNWRs during FY 2020. Around 260 FPOs representing around5,26,451 farmers from 13 states are connected with the NCDEX Exchange platform.
In FY2020, National Commodity & Derivatives Exchange Limited has filed a draft red herring prospectus with the Securities Exchange Board of India. It comprises a fresh issue of up to Rs. 100 Crores and an offer for sale of up to 14,453,774Equity Shares by the selling shareholders.
23 April 2003
Category/Sub-category of the Company
Limited by Shares
Address of the Registered office and contact details
First Floor, Akruti Corporate Park, Near G. E. Garden, L.B.S. Road, Kanjurmarg West, Mumbai 400 078.
Tel : (+91-22) – 66406789,
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Link Intime India Private Limited
C 101, 247 Park, LBS Rd, Surya Nagar, Gandhi
Nagar, Vikhroli West, Mumbai, Maharashtra 400083. Contact details: 022 - 4918 6270
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Commodity contracts exchanges
BOARD OF DIRECTORS
Mr. Chaman Kumar (Chairman and Public Interest Director)
Mr. Vijay Kumar V. (Managing Director & CEO)
Dr. Purvi Mehta (Public Interest Director)
Mr. Nirmalendu Jajodia (Public Interest Director)
Mr. Prem Kumar Malhotra (Public Interest Director)
Dr. Ashok Gulati (Public Interest Director)
Mr. Ashish Bahuguna (Public Interest Director)
Mr. Rakesh Kapur (Shareholder Director)
Mr. Srinath Srinivasan (Shareholder Director)
Mr. Sunil Kumar (Shareholder Director)
Mr. B. Venugopal (Shareholder Director)
Mr. Ravindra Kumar Roye (Public Interest Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
Name of the Company
% of shares held
NCDEX e Markets Limited
National Commodity Clearing Limited
NCDEX Institute of Commodity Markets and Research
National E-Repository Limited
Power Exchange India Limited
NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED PRE-IPO SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
Rs. 1393.59 Crore
(As of 31-03-2020)
Number of shares
% of total Shares of the company
National Stock Exchange of India Limited (NSE)
Life Insurance Corporation of India (LIC)
National Bank for Agriculture and Rural Development
Indian Farmers Fertiliser Cooperative Limited (IFFCOP)
Oman India Joint Investment Fund
Punjab National Bank (PNB)
Investcorp Private Equity Fund I
Build India Capital Advisors LLP
Shree Renuka Sugars Limited
Indian Economy is gaining momentum again post COVID-19 lockdown. India is the only big economy that experienced positive GDP growth in Q3 of FY2021 for the first time since the onset of the pandemic. India’s Union budget on FY 2021-22 has raised positive hopes that fiscal policy will finally get on track of growth. The International Monetary Fund has projected an 11.5% growth for FY 2021-22. It is expected to see a V-shaped recovery. As far as Unemployment is concerned, the year 2021 has started on a positive note for India as it recorded a fall in the Unemployment rate in January 2021. It has declined to 6.5% in January 2021 from 9.1% in December 2020. Employment in India is however still less than the pre-covid levels.
With a favorable regulatory environment, Indian capital markets are expected to remain attractive to both domestic and foreign investors. Initiatives by the government towards ease of doing business, enhanced sectoral caps, a simpler mechanism to obtain approval for investment coupled with tax exemptions are expected to further boost the robust business environment for foreign investors leading to a larger inflow of capital in the coming years as well. This will not only augment the depth, maturity, and robustness of the Indian capital markets but also build investor confidence.
The agricultural industry of India has reached a value of Rs. 63,506 billion in FY 2020. The share of agriculture in GDP increased to 19.9% 2020-21 from 17.8% in 2019-20, making it the only bright spot in GDP performance during FY 2021. In FY 2021, Agriculture was the only sector to have a positive growth of 3.4%. In FY 2020 (according to fourth advance estimates), total food grain production (296.65 million tonnes) in the country was higher by 11.44 million tonnes than in FY 2019.
In the budget for 2022, the Government of India allocated Rs.75,100 crore for the farmers in India, increasing the agricultural credit target to Rs.16.5 lakh crores in FY 2022. A Micro Irrigation Fund was created under National Bank for Agriculture and Rural Development (NABARD), with a corpus of Rs 5,000 crore, which would get doubled, by an additional Rs 5,000 crore.
KEY FINANCIALS OF NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED(In Rs. Lakhs)
2 quarters of FY 2021
Revenue from Operations
Profit Before Exceptional items, tax and share of profit from joint venture
Share of profit from joint venture
Profit After Tax (PAT)
EPS (In Rs.)
BALANCE SHEET OF NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED(In Rs. Lakhs)
NON CURRENT ASSETS
Deferred tax assets (net)
Income tax assets (net)
Other non-current assets
TOTAL NON CURRENT ASSETS
Cash and Bank Balance
Other Current assets
TOTAL CURRENT ASSETS
Equity share capital
Non controlling interests
NON CURRENT LIABILITIES
other Financial Liabilities
TOTAL NON CURRENT LIABILITIES
other Financial Liabilities
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY & LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
Revenue from operations of the company decreased from Rs. 14,844 lakhs in FY 2019 to Rs. 13,184 lakhs in FY 2020, depicting a decrease of 11.4%. For the first 2 quarters of FY 2021, the revenue from operations stood at Rs. 5,323 Lakhs.
The total income of the NCDEX Group for FY 2020was Rs. 17,459 lakhs, reflecting a reduction of 10% over that of FY 2019. The reduction was mainly on account of lower Average Daily Traded Value (ADTV), Average Daily Open Interest(ADOI), and investible corpus. For the first 2 quarters of FY 2021, the total income of the NCDEX group was Rs. 7,108 lakhs.
The highest turnover achieved in a day during FY 2019–20 was Rs. 3,38,990 lakhs.
The top five traded commodities on the Exchange were guar seed, soybean, castor seed, soy oil, and chana.
The Average Daily Traded Value (ADTV) in FY 2020 stood at Rs. 1,78,900 lakhs, as against Rs. 2,14,300 lakhs in FY 2019.The drop in the volumes can be attributed to some fundamental factors such as surplus supply in most of the commodities, general bearishness, and limited financial opportunities in the Agri commodity market.
Profit after Tax of the company decreased by 53.13% from Rs. 1,805 lakhs in FY 2019 to Rs. 846 lakhs in FY 2020. For the first 2 quarters of FY 2021, the company incurred a loss of Rs. 863 lakhs.
As of 31st March 2020, The company does not have any long-term or short-term borrowings.
As of 31st March 2020, the current ratio of the company was 1.67.
National Commodity & Derivatives Exchange Limited has continuously given dividends for the past three years. For FY 2020, the company gave a dividend of Rs. 0.50 per equity share.
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