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MSEI
Unlisted Shares
Current Price
₹6
Market Cap
₹6,545 Cr
Book Value
0.66
ISIN
INE312K01010
P/E Ratio
N/A
Lot Size
10000
Trade
₹6.7
Stats
| Company | MSEI |
| Incorporation Date | 2008 |
| ISIN Number | INE312K01010 |
| PAN | AAFCM6942F |
| CIN | U65999MH2008PLC185856 |
| Corporate Office | Mumbai, Maharashtra |
| Sector | Financial Exchange / Capital Markets |
| Depository | CDSL & NSDL |
| Face Value | 1 |
| Book Value | 0.66 |
Financial Year Report
| FY23 | FY24 | FY25 | |
|---|---|---|---|
| Turnover | ₹9 Cr. | ₹7 Cr. | ₹4.3 Cr. |
| EBIDTA | -49 | -54 | -41.7 |
| PBT | -20 | -48 | -35 |
| PAT | -18.7 | -49 | -34 |
| EPS | -0.04 | -0.1 | -0.06 |
| P/E Ratio | 12.5 | ||
| Number Of Shares | |||
| Price | |||
| Market Cap |
MSEI Company Thesis
Metropolitan Stock Exchange of India (MSEI) Overview The Metropolitan Stock Exchange of India Limited (MSEI), incorporated in 2008 and headquartered in Mumbai, is a recognized stock exchange in India. It operates across multiple segments including equity, equity derivatives, currency derivatives, and debt markets, aiming to provide a comprehensive and technology-driven trading platform.
Business Model MSEI follows a diversified exchange model with revenue streams comprising: • Transaction Fees across trading segments • Listing Fees from corporates • Data Services and Market Information • Clearing & Settlement Services The platform is designed to scale efficiently, with a strong emphasis on technology and cost-effective operations.
Financial Profile & Valuation • Developing revenue base aligned with trading activity growth • Focus on improving operating leverage through higher participation • Investment in infrastructure already in place, enabling scalability Valuation: • Not actively traded in public markets • Represents a long-term optionality play linked to growth in capital markets
Competitive Positioning • Recognized national-level exchange with multi-segment presence • Focus on building liquidity and market participation • Positioned to benefit from structural growth in India’s financial ecosystem Strengths: • Modern technology infrastructure • Regulatory recognition and compliance • Ability to scale without significant incremental capital
Growth Drivers • Increasing financialization of savings in India • Expansion of retail investor participation • Opportunities in niche and emerging market segments • Potential to innovate in products and trading mechanisms • Supportive regulatory framework under Securities and Exchange Board of India (SEBI)
Key Risks • Dependence on sustained increase in trading volumes • Need to deepen market liquidity across segments • Execution risk in scaling participation • Sensitivity to broader capital market cycles
Recent Developments • Continued focus on enhancing trading activity and platform adoption • Efforts to strengthen market participation across segments • Ongoing alignment with regulatory standards and market practices
Investment View / Outlook MSEI represents a developing financial infrastructure platform with long-term potential aligned to India’s expanding capital markets. Its scalable model and established infrastructure provide a foundation for future growth as market participation broadens. Key Monitorables: • Growth in trading volumes and active participants • Product innovation and segment expansion • Strategic initiatives to enhance liquidity Overall, View: A gradual growth and optionality-driven opportunity, with upside linked to execution and increasing depth of India’s capital markets.