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MSEI Unlisted Shares

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MSEI Essentials

Discover and get a complete analysis on MSEI Pre IPO - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and get latest updates on MSEI Financial Statements.

ISIN

INE312K01010

Face Value

₹1.00

Total Share

4,81,02,17,033

Total Income

₹25.06 Cr

Profit After Tax

-₹31.67 Cr

EPS

-₹0.02

P/E

-55.00

P/B

1.82

Market Capitalisation

₹529.12 Cr

Enterprise Value

₹311.87 Cr

Book Value

₹0.60

Intrinsic Value

-₹0.40

Earnings Yield

-1.82 %

Sector

Financials

Sub-sector

Stock Exchange & Ratings

MSEI Growth

Compounded Sales Growth

-5.36%

1 Year
7.76%

3 Year
-5.69%

6 Year

Pro Only

Compounded Profit Growth

-1.90%

1 Year
12.79%

4 Year
3.54%

6 Year

Pro Only

Return On Equity

-10.91%

2022
-9.85%

2019
-14.63%

2017

Pro Only

About MSEI

Metropolitan Stock Exchange of India Limited(MSEI) is a full – service national level Stock Exchange with a license to operate in Equity, Equity Derivatives, Currency Derivatives, Debt and SME Platform, through an electronic platform. It is one of India’s eight stock exchanges recognized by the SEBI.
MSEI was incorporated in Mumbai in 2008.
MSEI appointed Latika Kundu as its CEO in 2020. She has over 20 years of experience working with NSE, MSE, Singapore Mercantile Exchange and Singapore Diamond Investment Exchange.
MSEIL has two subsidiaries viz. Metropolitan Clearing Corporation of India Ltd (MCCIL) and MCX SX KYC Registration Agency Ltd. in which it holds 95.85% and 100.0%. MCCIL is in the business of clearing and settlement of deals in multi-assets classes carried out at MESIL and MRAL is in the business of maintaining a database for the members of the exchange and other under the Know Your Client Guidelines.

MSEI IPO Details

MSEI is not a listed company, and there is no news for Upcoming IPO

MSEI Subsidiaries

Metropolitan Clearing Corporation of India Ltd (MCCIL) in which MSEI holds 95.85%, is in the business of clearing and settlement of deals in multi-assets classes carried out at MESIL.
MCX SX KYC Registration Agency Ltd. in which MSEI holds 100% stake is in the business of maintaining a database for the members of the exchange and other under the Know Your Client Guidelines.

MSEI Business Model

MSEI offers an electronic platform for trading in the capital market, futures and options, currency derivatives, Interest Rate Futures (IRF) and Debt Market segments.

MSEI Revenue Segmentation

Trading and clearing services
Other Income

MSEI Product & Services

Trading in Equity segment(1500+ companies are available for trading)
Trading in Currency Derivatives
Futures- USD-INR, GBP-INR, EUR-INR, JPY-INR.
Options
Options contracts in USD-INR.
Deal in Debt Segment
Deal in Initial Public offerings

MSEI Assets

Assets as of FY22

Total Assets	Amount in Rs. (Crore)
Tangible Fixed Assets	8.9
Intangible Assets	15.3
Intangible Assets under development	2.5

MSEI Industry Overview

Industry Statistics

Overview:

The Indian stock exchanges are crucial market intermediaries and are supervised by the Securities and Exchange Board of India (SEBI).
Exchanges are organized markets designed to provide centralized facilities for the listing and trading of the financial instruments issued by companies, sovereigns, and other entities to raise capital.
Over the last 5 years, Indian industry revenue has grown at a yearly avg rate of 3.07%, while net income has grown at a yearly avg rate of 6.77%.
Key competitors of MSEI in the market are BSE, NSE, and the Calcutta stock exchange, where BSE and NSE play a major role in the operations of the stock market.
The government policies and economic growth also attract investors and smart money to deploy their money in the Indian Stock market their inflows impact our market and raise the revenue of the stock exchange.

Key trends:

Exchanges are batting for increasing trading hours. By highlighting Commodity markets trade for 15 hours daily but equities are allowed to trade for only six-and-a-half hours by markets regulator SEBI.

Market size:

India's equity market has entered the top five clubs in the world in terms of market capitalization for the first time. The country's total market cap stood at $3.21 trillion in the second week of march 2022, higher than the UK ($3.19 trillion), Saudi Arabia ($3.18 trillion), and Canada ($3.18 trillion).
Despite a 7.4% fall in the market capitalization, India has climbed two places this year, the UK and France were ranked fifth and sixth with a market capitalization of $3.7 trillion and $3.5 trillion, respectively.

Future Prospects

Industry Projecting Future:

With Artificial Intelligence and Machine Learning brokers can easily identify the investment goals of the investors. This will bring more people to the vicinity of Investment. However, as per statistics, only 3-4% of Indians invest in market as compared to 30-40% in developed countries. So there are many opportunities for the country like India in The Stock Broking Business.
Everyday more and more companies are getting listed, in 2020 around 16 new companies were listed on NSE or BSE and now in 2021 more companies are getting added to the list. If this sentiment continues this will lead to generation of large amount of revenue for stock exchanges.
After covid 19 there is huge awareness among investors regarding stock markets, people are getting attractive towards it, but still there is huge gap and potential, as more and more people will become a part of it, market will continue to grow.

Government Initiatives

An important measure regarding capital market reforms is the setting up of Securities and Exchange Board of India (SEBI) as the regulator of equity market in India. SEBI is the regulatory authority established under the SEBI Act 1992 and is the principal regulator for Stock Exchanges in India. SEBI’s primary functions include protecting investor interests, promoting and regulating the Indian securities markets.

All financial intermediaries permitted by their respective regulators to participate in the Indian securities markets are governed by SEBI regulations, whether domestic or foreign. Foreign Portfolio Investors are required to register with DDPs in order to participate in the Indian securities markets.
A significant reform has been that Indian capital market has been opened up for foreign institutional institutions (FII). That is, FII can now buy shares and debentures of private Indian companies in the Indian stock market and can also invest in government securities.
FIIs have been allowed to invest in equities of private corporate Indian companies as well as in Government securities. Similarly, Overseas Corporate Bodies (OCBs) and Non-resident Indians have been allowed to invest in the equity capital of the Indian companies.
Another important step to strengthen the Indian capital market is that banks have been allowed to lend against various capital market instruments such as corporate shares and debentures to individuals, investment companies, trusts and endowment share and stock brokers, industrial and corporate buyers and SEBI-approved market makers.

MSEI Strengths

The Exchange employs advanced trading technology and IT infrastructure with significant scalable capacity and proven capability of handling high volume trades.
MSE has got a robust trading system running on high availability and fault tolerant infrastructure. MSE trading system has gained greater acceptance among the traders and investors, with its user-friendly functionalities coupled with sound architecture to cater to the exchange system requirements. Our robust technology solution would aim in supporting customers' workflow (trading technology), multi-asset class analytics and flexible connectivity and delivery solutions. In long run, we plan to execute our growth strategy by positioning ourselves as an emerging leader in the platform business.
MSEI offers a transparent, Hi-tech platform for trading in Capital Market, Futures & Options (F&O), Interest Rate Derivatives, Currency Derivatives, ETFs and Debt Market, and continuously working to do improve the technological operations.
The exchange is also working to gain traction in the equity segment, along with building state-of-the-art Mutual Fund and SME platform to deepen the relationship with its members and clients, by offering integrated solutions to their trading needs.

MSEI Shortcomings

MSE operates in a highly competitive industry wherein it competes with a wide range of established market participants for trading volumes and listing. increased competition may exert a downward pressure on its fees and transaction charges for them to remain competitive which however could adversely affect its financial condition.
MSE renews and applies for its SEBI license every year which if not renewed will impact the business and operations of the exchange.
Biggest competitors for MSEI are NSE and BSE, both are profitable.
Company’s operating profit margin and Asset turnover ratio are the lowest among its peers which translates to poor operations.
ROE, ROA, and ROCE all ratios are negative in the company, due to more expenses, as the company is trying to go for fully technology-based trading.
Net profit of the company is negative from the previous 5 years. which is a very bad sign.

MSEI Opportunities

The financial sector is ever-evolving space, with new opportunities and pitfalls. MSE as a market infrastructure institution is committed to providing a diverse product basket with currency futures, currency options, interest rate futures, equity and equity derivatives along with efficient operational parameters and customer-oriented service offering to enable an efficient and robust marketplace.
MSE explores all opportunities to ensure continuous growth, during FY21-22 despite the prevailing pandemic and other external factors affecting the Indian economy, the government, and the market regulator initiated some favorable policy measures which provide potential growth opportunities for the company.
Exchanges are batting for increasing trading hours.
Deals in interest rate derivatives, which attracts institutes for hedging and probably will always be in demand.

MSEI Threats

The competitive landscape of exchange business in India continues to be challenging. MSE ability to compete in this environment and ensure that regulations continue to have level playing field, will be a major factor in ensuring growth of the Exchange.
MCX SX, has some allegations of mismanagement and financial irregularities. Market regulator SEBI has ordered a forensic audit into the workings of MSEI.