Platform	Last Traded Price	Min Quantity
★★★★☆☆	₹3.35	5,000
★★★★☆	₹3.55	5,000
★★★★★	₹3.75	5,000
★★★★☆	₹3.75	5,000
★★★★☆	₹3.76	5,000

★★★★☆☆

LTP:₹3.35

Min Qty:5,000

★★★★☆

LTP:₹3.55

Min Qty:5,000

★★★★★

LTP:₹3.75

Min Qty:5,000

★★★★☆

LTP:₹3.75

Min Qty:5,000

★★★★☆

LTP:₹3.76

Min Qty:5,000

Strengths & Weaknesses

Strengths

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. 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. Global Recognition: Currency derivatives ranked among the top 10 globally by the World Federation of Exchanges, reflecting growing international relevance.

Market Cap₹2,889.12 Cr

PE Ratio-60

EPS₹-0.1

Dividend Yield-

Book Value₹0.4 Cr

Debt/Equity-

Price/Book15

Price/Sales-

Industry PE-

Sales₹7.36 Cr

Profit After Tax₹-48.74 Cr

Share Capital₹480.52 Cr

Shares Outstanding-

ISININE312K01010

SectorExchange

Symbol-

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.

Latest News

No news available.

Annual Reports

FY 20 FY 21 FY 22 FY 23 FY 24

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

Platform

Last Traded Price

Min Quantity

★★★★☆☆

₹3.35

5,000

★★★★☆

₹3.55

5,000

★★★★★

₹3.75

5,000

★★★★☆

₹3.75

5,000

★★★★☆

₹3.76

5,000

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. 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. Global Recognition: Currency derivatives ranked among the top 10 globally by the World Federation of Exchanges, reflecting growing international relevance.

Balance Sheet

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

Equity Capital

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

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

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

Core Settlement Guarantee Fund

10.41

8.65

8.50

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

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

-0.1

-0.08

Color

Shareholder

Holding

Multi Commodity Exchange Of India Ltd

6.90%

Others

93.10%

Metropolitan Stock Exchange of India Ltd

Strengths

Weaknesses

Quick Insights

Quick Insights

Strengths

Weaknesses