MSEI
Metropolitan Stock Exchange of India Limited - MSEI
- CIN
- —
- ISIN
- INE312K01010
- Incorporated
- —
- Registered state
- —
Key valuation
- Market cap
- ₹6,380 Cr
- P/E
- —
- Debt / equity
- 0.0x
- Shares outstanding
- 11,00,02,17,033
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Price history
Dated dealer-quote averages, plotted on a true time scale. There is no continuous trading behind these numbers.
Business overview
MSE is the other national exchange, the one that is neither NSE nor BSE. SEBI recognised, set up in 2008, run out of Mumbai. It covers equities, equity derivatives, currency derivatives, debt instruments and a handful of other capital market products. The platform is electronic with the usual risk management sitting underneath it, aimed at investors, brokers and corporates who want a second venue. Nothing exotic there, thats table stakes for any exchange now. It also runs its own benchmark index, SX40, which tracks large companies across the main sectors of the economy. Fewer people quote it than the NIFTY, understandably. Investor education, market development and financial inclusion are the priorities the exchange keeps naming, all pointed at getting more people into capital markets than currently bother.
Key highlights
- Incorporated in 2008
Financial snapshot
FY2026
- Revenue FY2026
- ₹3.38 Cr
- EBITDA
- ₹-68.29 Cr
- PAT
- ₹-25.84 Cr
- Net worth
- ₹1,369.29 Cr
- Total debt
- ₹0.00 Cr
- Cash & equivalents
- ₹12.72 Cr
- Operating cash flow
- ₹-149.01 Cr
- EPS
- ₹-0.02
Reported financials · FY2017–FY2026
Figures in ₹ crore unless stated.
| Particulars | FY2017 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit & loss | |||||||||||
| Revenue from operationsYoY -21.6%CAGR -10.9% | 8 | — | 10 | — | 10 | 9 | 7 | 4 | 3 | -21.6% | -10.9% |
| Other income | 20 | — | 27 | — | 15 | 45 | 14 | 13 | 56 | — | — |
| Total expenses | 83 | — | 67 | 63 | 56 | 69 | 69 | 52 | 85 | — | — |
| EBITDA | -59 | — | -46 | — | -35 | -54 | -54 | -43 | -68 | — | — |
| Depreciation & amortisation | 15 | — | 9 | 11 | 10 | 11 | 6 | 5 | 13 | — | — |
| EBIT | -73 | — | -55 | — | -46 | -65 | -60 | -48 | -81 | — | — |
| Finance cost | 1 | — | 2 | 1 | 1 | 0 | 1 | 0 | 1 | — | — |
| Profit before tax | — | — | — | — | -31 | -20 | -48 | -35 | -26 | — | — |
| Tax expense | — | — | — | 0 | 1 | -1 | 1 | -1 | 0 | — | — |
| Profit after tax | -55 | — | -41 | -31 | -32 | -19 | -49 | -34 | -26 | — | — |
| Earnings per share | ₹-0.05 | — | ₹-0.04 | ₹-0.03 | ₹-0.03 | ₹-0.02 | ₹-0.04 | ₹-0.03 | ₹-0.02 | — | — |
| Balance sheet | |||||||||||
| Net worthYoY +245.2%CAGR — | — | 371 | 322 | — | 261 | 241 | 193 | 397 | 1,369 | +245.2% | — |
| Total debt | — | — | — | — | 0 | 0 | 0 | 0 | 0 | — | — |
| Current liabilities | — | — | — | — | 50 | 31 | 32 | 17 | 34 | — | — |
| Fixed assets | — | 4 | 7 | — | — | — | — | — | — | — | — |
| Cash & equivalents | — | — | 13 | — | 15 | 63 | 14 | 48 | 13 | — | — |
| Current assets | — | — | — | — | 321 | 216 | 162 | 259 | 519 | — | — |
| Total assetsYoY +223.2%CAGR — | — | 595 | 518 | — | 452 | 299 | 249 | 444 | 1,434 | +223.2% | — |
| Cash flow | |||||||||||
| Operating activities | — | — | — | — | -45 | -172 | -57 | -68 | -149 | — | — |
| Investing activities | — | — | — | — | 61 | 168 | 9 | -133 | -882 | — | — |
| Financing activities | — | — | -37 | — | -3 | -3 | -2 | -236 | 996 | — | — |
| Net change in cash | — | — | — | — | 13 | -8 | -50 | -438 | -35 | — | — |
Revenue, EBITDA and PAT
₹ crore. A year with no reported figure is left out rather than drawn as zero.
- Revenue
- EBITDA
- PAT
Every ratio here is worked out from the reported figures in the Financials tab, and valuation multiples from the indicative price in the header. Nothing is a stored value. A ratio the filings cannot support (a line not reported, or a zero or negative base) is left out or shown as —, never as a misleading number. Balance-sheet ratios use year-end figures.
Valuation multiples
What the indicative price pays for the latest year's earnings, book and cash. On FY2026 figures and the ₹5.80 indicative price.
- Market cap
- ₹6,380 Cr
- Enterprise value
- ₹6,367 Cr
- Price / book (P/B)
- 4.66x
- Price / sales (P/S)
- 1887.61x
- EV / sales
- 1883.85x
- Earnings yield
- -0.4%
- Cash / market cap
- 0.2%
How these are worked out
- Market cap
- Indicative price × shares outstanding
- Enterprise value
- Market cap + debt − cash
- Price / book (P/B)
- Market cap ÷ net worth
- Price / sales (P/S)
- Market cap ÷ revenue from operations
- EV / sales
- Enterprise value ÷ revenue from operations
- Earnings yield
- PAT ÷ market cap
- Cash / market cap
- Cash & equivalents ÷ market cap
IPO / listing status
The company has not announced IPO details such as a DRHP filing, an expected window or its bankers. This section will update once it does.
Research & news
Information currently unavailable
Nothing has been published on MSEI yet. Research, news and articles tagged with it will appear here when they are.
Documents
Information currently unavailable
No documents have been catalogued for this company yet.