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It is a recognized national level stock exchange (regulated by SEBI) in India. MSE offers an electronic platform for trading in Currency Derivatives, Interest Rate Derivatives and Equity Cash & Equity Derivatives segments. The Exchange employs advanced trading technology and IT infrastructure with significant scalable capacity and proven capability of handling high volume trades.

The current ownership of the Exchange is well diversified between corporates, banks and individuals. At present in Currency Derivatives Segment (CDS), Currency Futures and Options contracts are available for trading in USD/INR, GBP/INR, EUR/INR and JPY/INR contracts along with cross currency pairs of EUR/USD, USD/JPY, GBP/USD. Currency Derivatives Segment also provides trading of Interest Rate futures where futures contracts are available on 6 GOI Bonds with maturity buckets of 6 years, 10 years and 13 years. In the Equity cash segment, 1493 companies are available for trading. In Equity Derivatives, Stock Futures and Stock Options are available for trading in the Exchange on 156 stocks. Also Index Futures and Index Options are available for trading on MSE Index SX40. 48 ETFs are available for trading and 42 Sovereign Gold Bonds issued by RBI are also available for trading on the Exchange.

Financial Highlights (INR Crore)

DESCRIPTION Mar-22 Mar-21 Mar-20 Mar-19 Mar-18
Gross Sales 10.06 10.63 10.29 8.04 8.49
PBT -31.26 -30.67 -45.01 -38.45 -54.76
PAT -31.67 -31.08 -45.77 -40.59 -54.75
Cash Flow from Operations -44.59 -37.93 -41.52 -10.21 -75.43
Cash Flow from Investing activities -60.5 31.23 89.56 -18.11 -200.33
Cash Flow from Finance activities -2.98 -4.38 -36.59 28.35 272.66
Debt Equity Ratio 0.68 0.64 0.56 0.54 0.34
Current Ratio 6.28 6.31 3.59 4.78 3.01
Debtor Turnover Ratio 3.46 6.64 8.82 6.02 17.93
EPS -0.06 -0.05 -0.10 -0.10 -0.12

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During FY22, Total Revenue decreased to INR 1,415 Lakhs compared to INR 1,881 Lakhs in FY21. Operating Revenue decreased to INR 550 Lakhs in FY22 compared to INR 585 Lakhs in FY21. Transaction fees income decreased to INR 146 Lakhs in FY22 compared to INR 158 Lakhs in FY21. At the same time listing processing fees increased to INR 56 Lakhs in FY 22 compared to INR 51 Lakhs in FY21. The Listing Fees income decreased to INR 172 Lakhs compared to INR 174 Lakhs and Other income increased to INR 865 Lakhs in FY22 compared to INR 1,296 Lakhs in FY21. Revenue mostly comprises of transaction fees, membership admission fees, processing fees, annual listing fees, revenue from shared service, data feed charges etc.

Products and Services

MSE’s offers a variety of products and services across multiple asset classes in India which enables it to be responsive to the market demands. Its tech-based platform and robust network is a pioneer in to ensures reliability and performance of its systems. MSE’s products and services foster digital transformation on technology, cyber security, innovation and intelligence solutions. These are products offered by MSE across various segments to Proprietary, Retail Participants, Institutional Participants (Domestic and Foreign)

Index SX40 is flagship, a free float-based Index of 40 large cap-liquid stocks represents diversified sectors of the economy. SX40 measures the economic performance with better representation of various industries. The Index is devised to offer cost effective support for investment and structured products such Index Futures and Index Options, Index portfolio, Exchange Traded Funds, Index Funds etc. SXBANK is designed to measure the performance of stocks of banking sector – the sector that funds various economic activities of the nation. The Index will have 10 stocks from the banking sector. Weights of individual stocks in the index have been capped at 15% to reduce concentration and thereby provide a cost-effective support for investment/portfolio management.

Upcoming Products and Services though MSE continues its focus on increasing its market share in existing segments and products, over a long term MSE plans to introduce and implement a wide range of additional products including SME platform, Book Building System, Offer to Buy and Mutual Fund System

Market Overview

According to the World Federation of Exchange, trading volume went up by 34.4% for APAC region. Which is significant rise & increased the total volume by 84.76 billion derivative contracts traded. Out of it 56.17 billion were for option and 29.59 billion for future. However, APAC region dominated the volume figures where 50.32 billion contracts were traded followed by America’s 26.84 billion & rest added by EMEA region 7.60 billion. India also secured the top place and known for the largest derivative market by volume & has been witnessing enormous growth since last decade.

Derivatives Total Volume

Volumes of Exchange Traded Derivative by Region

Shareholding Pattern

Majority of stake is under control of Individuals (55%) followed by Corporate Bodies (18.05%), Financial institutions (14.94%), NRI (7.49%), HUF (4.40%).

These are two subsidiaries of MSE’s: -

  • Metropolitan Clearing Corporation of India Limited & MSE Fintech Limited
  • Approximate Valuation Around Rs.520 crores
  • Face Value:- Rs 1 per share

    Key Personnel

    Mr. S.V.D. Nageswara Rao- Chairman and Public Interest Director

    Ms. Latika S Kundu- Managing Director & CEO

    Mr. Saket Bhansali- Chief Financial Officer

    Mr. P K Ramesh- Chief Regulatory Officer & Compliance Officer

    Mr. Utkarsh Sharma- Head Business Development

    Mr. Manish Gupta- Chief Technology Officer

    For any queries, reach out to: unlisted@rurashfin.com or Call: +91 224157 1111