NCDEX Share FY24 Results – Better Opportunities Await, Time to Sell Your NCDEX Unlisted Shares?

NCDEX announced its FY24 results, with the company’s total income increasing slightly by 0.32% to ₹136 crore, while expenses decreased by 5% to ₹187 crore. As a result, the consolidated loss after tax stood at ₹28 crore, an improvement over the previous year’s loss of ₹42 crore.

Key developments in FY24 included the launch of new products such as Isabgol Seed futures, Groundnut Futures, Crude Sunflower Oil futures, and Jeera Mini futures. The company maintained its leadership in the agri commodity derivatives segment with a 97% market share.

NCDEX’s enterprise multiple is at 10x, which is significantly lower compared to MCX. However, we recommend selling NCDEX unlisted shares as the company has shown limited financial growth. For better investment opportunities, contact Planify.

About NCDEX Pre IPO:

National Commodity & Derivatives Exchange Limited (NCDEX/ the Exchange) is a professionally managed online, commodity Exchange, with diverse product offerings setting a benchmark for both agriculture and nonagri commodities derivatives segment.
NCDEX was incorporated on April 23, 2003, as a public limited company and commenced operations on December 15, 2003, as a recognized association under the Forward Contracts (Regulation) Act, 1952.