Metropolitan Stock Exchange of India (MSE India)

Financial Services · NSE-listed subsidiary · CIN: U65999MH2008PLC185856

Financial Services

Unlisted

Current Price

₹5.94

52W Low

₹2.5

▲ 5.2% this month

- 3.2% this month

52W High

₹8.75

Market Cap

₹6,806.03 Cr

▲ 5.2% this month

- 3.2% this month

Price Performance

Historical indicative price trend

Key Financials

Revenue (TTM)

₹3.38 Cr

Net Profit

₹-25.84 Cr

EBITDA

₹-12.60 Cr

EPS

₹-0.02

ROE

-6.34%

ROCE

-10.74%

Debt / Equity

-

Book Value

₹1.24

Face Value

1

About

Metropolitan Stock Exchange of India (MSE India)

Founded

14/08/2008

Headquarters

Mumbai, Maharashtra, India

Employees

NA

Listed (IPO)

Unlisted

The Metropolitan Stock Exchange of India (MSE), established on August 14, 2008, became operational on September 16, 2008, and was officially recognized as a “Stock Exchange” under the Companies Act on December 21, 2012. MSE offers an electronic platform for trading across multiple segments, including Capital Market, Futures & Options, Currency Derivatives, and Debt Market. The exchange introduced Currency Derivatives trading on October 7, 2008, and launched the Capital Market, Futures & Options segments, along with the SX40 index, on February 9, 2013. The SX40, a 40-stock index, began trading on May 15, 2013. The Debt Market segment was introduced on June 7, 2013, followed by the launch of Interest Rate Futures on January 20, 2014.
A recent SEBI report shows that India is a major player in global exchange-traded derivatives, making up 30-50% of the market, with index options leading the growth. The turnover in index options grew from ₹4.5 lakh crore in FY18 to ₹138 lakh crore in FY24, and individual investor participation increased from ₹2 to ₹41 per ₹100. Notional turnover in derivatives traded increased from ₹1,650 lakh crore to ₹79,927 lakh crore over the same period. The ratio of derivatives to cash market turnover rose from 19.8 to 367.8. Trading activity also stays high in the last five days before expiry remains high (SENSEX: 96%, BANKEX: 97%). Small retail traders make up 77% of the F&O base.

Shareholders

Name

2026

Bodies Corporate

35.17%

Financial Institutions/ Banks

11.99%

Individuals

45.01%

HUF

4%

Trusts

0.12%

Promoter and Management

Promoter and Management

Designation

Ms. Latika S. Kundu

MD & CEO

Mr. Saket Bhansali

CFO

Particulars

FY22

FY23

FY24

FY25

FY26

Total Revenue

54.66

54.66

21.05

17.38

59.07

Total Revenue YoY Growth (%)

-22.7

118.12

-61.59

-17.34

239.87

EBITDA

-20.18

-8.89

-40.55

-29.49

-12.6

EBITDA Margin (%)

-200.6

-96.53

-550.95

-684.22

-372.78

EBIT

-30.66

-19.54

-46.61

-34.59

-25.16

EBIT Margin (%)

-304.77

-96.53

-633.29

-802.55

-744.38

PBT

-31.26

-19.93

-47.59

-34.85

-25.84

PBT Margin (%)

-310.74

-216.4

-646.6

-808.58

-764.5

PAT

-31.67

-18.66

-48.74

-34.22

-25.84

Revenue from Operations

10.06

9.21

7.36

4.31

3.38

YoY Growth (%)

0

-33.33

150

-40

-66.67

EPS (Diluted ₹)

-0.06

-0.04

-0.1

-0.06

-0.02

Particulars

FY22

FY23

FY24

FY25

FY26

Total Non-Current Assets

129.92

83.26

87.61

185.32

915.11

Total Current Assets

321.05

216.2

161.57

258.53

519.37

Total Assets

450.97

299.46

249.18

443.85

1434.48

Total Non-Current Liabilities

126.24

22.25

19.05

30.11

31.54

Total Current Liabilities

50.3

30.52

37.35

17.05

33.65

Total Liabilities

176.54

52.77

37.35

47.16

65.19

Total Equity

260.68

241.55

192.79

396.69

1369.29

Total Liabilities and Equity

450.97

299.46

249.18

443.85

1434.48

Particulars

FY22

FY23

FY24

FY25

FY26

Cash & Cash Equivalents (Closing)

14.82

7.2

13.71

47.5

12.72

Operating Activities (A)

-44.59

-172.1

-56.77

-68.44

-149.01

Investing Activities (B)

60.5

167.76

9.39

-133.45

-881.79

Financing Activities (C)

-2.98

-3.28

-2.31

235.68

-

Net (Decrease) / Increase (A+B+C)

12.93

-7.62

-49.69

33.79

-1030.8

Particulars

FY22

FY23

FY24

FY25

FY26

Current Ratio (x)

6.38

7.08

5.04

15.16

15.43

Cashflow Ratio (x)

-0.89

-5.64

-1.77

-4.01

-4.43

EBIT Margin (%)

-304.77

-212.16

-633.29

-802.55

-744.38

Net Profit Margin (%)

-126.3

-126.3

-231.54

-196.89

-764.5

ROA (%)

-6.72

-4.97

-17.77

-9.88

-9.88

ROE (%)

-6.59

-3.88

-10.14

-6.34

-6.34

ROCE (%)

-7.38

-5.84

-19.18

-10.74

-10.74

Operating Profit Margin (%)

-122.35

-35.75

-221.42

-198.91

-744.38

PBT Margin (%)

-310.74

-216.4

-646.6

-808.58

-764.5

EBITDA Margin (%)

-200.6

-96.53

-550.95

-684.22

-372.78

Debt to Equity (x)

0.68

0.22

0.29

0.12

0

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Quick Snapshot

ISIN

INE218H01017

CIN

₹10

Industry

Financial Services

Lot Size

50 Shares

Dipository:

NSDL & CDSL

PAN No.

AAFCM6942F

Registration Date

14/08/2008

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