| Name | National Commodity & Derivatives Exchange Limited Unlisted Shares |
|---|---|
| Short Name | NCDEX Unlisted Shares |
| Sector | Commodity Exchange |
| Security Type | Pre-IPO/Unlisted Equity Shares |
| Face Value | ₹ 10 |
| ISIN Code | INE127G01010 |
| Available in Depository | CDSL & NSDL |
| NCDEX Unlisted Share Price | ₹210 Per Equity Share |
| Lot Size | 100 Shares |
| Minimum Investment | ₹ 21000-22000 |
| All Time High | ₹ 280 |
| All Time Low | ₹ 192 |
| Highlights | - National Commodity & Derivatives Exchange Limited (NCDEX) is a professionally managed online commodity Exchange. -Diverse product offerings setting a benchmark for both agriculture and non agri commodities derivatives segment. - The larger NCDEX Group through its subsidiaries, provides an integrated market infrastructure including Clearing & Settlement, Repository services and an e-Auction Platform. |
| PAN | AABCN7696K |
| NCDEX Unlisted Shares Price | ₹210 Per Equity Share |
|---|---|
| Number of Outstanding Shares | 50676000 |
| Market Cap | 1,064.20 Crores |
| Earnings Per Share | (5.14) |
| P/E Ratio (x) | #VALUE! |
| Book Value Per Share | 90.65 |
| Price to Book Value (x) | 2.32 |
| Debt to Equity (x) | NA |
| ROE (%) | (1.0%) |
National Commodity & Derivatives Exchange Limited (NCDEX / the Exchange) is a professionally managed online commodity exchange that has set benchmarks in both agriculture and non-agriculture commodity derivatives segments. Incorporated on April 23, 2003, as a public limited company, NCDEX began operations on December 15, 2003, as a recognized association under The Forward Contracts (Regulation) Act, 1952. The Corporate Identity Number is U51909MH2003PLC140116. As of September 28, 2015, the Exchange became a deemed recognized stock exchange under the Securities Contracts (Regulation) Act, 1956, regulated by the Securities and Exchange Board of India (SEBI).
NCDEX’s primary mission is to serve as an efficient platform for price discovery and price risk management, a goal it has successfully achieved over the past two decades. The Exchange offers a wide range of products, including commodity futures, options in goods, and index futures, providing numerous opportunities for participants in the commodity derivatives value chain. NCDEX prices are widely recognized as benchmarks in both domestic and international commodities markets. Over the years, NCDEX’s product portfolio has evolved to meet the inclusive needs of all stakeholders in the ecosystem. Technology is central to NCDEX’s operations, making it the first domestic exchange to operate from an Uptime-certified Tier-IV data center. The Exchange adopts an intuitive and proactive approach to technology, enhancing the trading experience for participants.
The larger NCDEX Group, through its subsidiaries, offers integrated and holistic market infrastructure, including clearing and settlement services, repository services, and an e-auction platform. NCDEX is committed to the national objective of uplifting and developing farmers and the agricultural sector. The Exchange’s efforts to connect primary producers to the market have facilitated sustainable and inclusive growth in India’s agrarian economy.
Ownership and shareholding limits within the Exchange are governed by Chapter IV of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. Only Fit and Proper Persons, as defined by Regulation 19 and 20 of the same act, may deal in the shares of the Exchange. Key shareholders of NCDEX include Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Limited (NSE), Canara Bank, Punjab National Bank (PNB), and Indian Farmers Fertiliser Cooperative Limited (IFFCO), all of whom have significantly contributed to India’s economic success in recent decades.
NCDEX FY 2023-24 Financial Highlights:
Source- NCDEX Annual Report FY 2023-2
Products traded on NCDEX:
Cereals and Pulses:
Wheat, Moong, Maize Feed Industrial Grade, Paddy (Basmati)
Oil and Oil Seeds
Castor Seed, Cotton Seed Oilcake, Soybean, Refined Soy Oil, Mustard Seed, Crude Palm Oil, Natural Whitish Seeds, Hipro Soybean Meal, Refined Castor Oil, Groundnut, Crude Sunflower Oil
Fibres
Kapas, 29 MM Cotton
Soft
Gur (Feed Grade), Robusta Cheery AB Coffee, Isabgol Seed
Spices
Turmeric, Coriander, Jeera, Jeera Mini
Guar Complex
Guar Seed 10 MT, Guar Gum Refined Splits
Metal
Steel Long
NCDEX Financial Overview FY 2023-24:
Financial Performance of NCDEX Group for FY 2023-24
Total Income for FY 2023-24: The NCDEX Group reported a total income of ₹13,600 Lakhs for the financial year 2023-24. This represents a 0.32% increase when compared to the total income of ₹13,550 Lakhs recorded in FY 2022-23. This growth indicates a stable financial performance, despite the challenging market conditions.
Total Expenses for FY 2023-24: The NCDEX Group’s total expenses amounted to ₹18,716 Lakhs for FY 2023-24. This is a 5% decrease compared to the expenses of ₹19,670 Lakhs in the previous financial year (FY 2022-23). The reduction in expenses reflects the NCDEX Group’s focus on operational efficiencies and cost control measures.
Share in Net Profit from Rashtriya e Market Services Private Limited (ReMS): The NCDEX Group holds a 50:50 joint venture with the State Government of Karnataka in ReMS. For FY 2023-24, the share of net profit from this joint venture stood at ₹105 Lakhs, a significant increase from ₹49 Lakhs recorded in FY 2022-23. This increase indicates improved performance in the e-market services sector.
Share in Net Profit from Meta Materials Circular Markets Private Limited (MMCMPL): In FY 2023-24, the NCDEX Group’s share of net profit from MMCMPL, a 50:50 joint venture with MTC Business Private Limited, resulted in a loss of ₹(64) Lakhs.
Share in Net Profit from Power Exchange India Limited (PXIL): The NCDEX Group’s share in net profit from its 50:50 joint venture with PXIL was ₹766 Lakhs for FY 2023-24, showing a positive growth trend from ₹750 Lakhs in FY 2022-23. This performance underscores the continued success of the power exchange and its positive contribution to the Group’s overall financial results.
Profit/(Loss) After Tax for FY 2023-24: The NCDEX Group reported a loss after tax of ₹(2,770) Lakhs in FY 2023-24. However, this was an improvement compared to the loss of ₹(4,237) Lakhs in FY 2022-23, indicating a significant reduction in losses year-over-year and a step towards recovery.
Business Performance Overview of NCDEX for FY 2023-24:
Impact of Commodity Suspension: The NCDEX’s overall performance during FY 2023-24 was impacted by the suspension of key commodities, which was extended twice, once in December 2022 and again in October 2023, for periods of one year each. Despite these challenges, NCDEX showed positive performance in terms of both Average Daily Open Interest (ADOI) and Average Daily Traded Value (ADTV), which both experienced growth compared to the previous year.
Average Daily Traded Value (ADTV): NCDEX recorded an ADTV of ₹848 Crores in FY 2023-24, a slight increase from ₹834 Crores in FY 2022-23. This represents a 2% growth in the average daily trading value, indicating improved market activity.
Average Daily Open Interest (ADOI): The ADOI remained ₹2,278 Crores during FY 2023-24, compared to ₹2,069 Crores in the previous financial year. This represents a 10% growth in open interest, which highlights increased market participation and engagement.
Physical Settlement of Contracts: NCDEX successfully managed the physical settlement of contracts during the year, with no delivery-related concerns. This flawless settlement process ensured smooth market operations and instilled confidence among market participants.
Business Development and Advocacy Efforts: NCDEX focused on business development initiatives and maintained active advocacy efforts with policymakers. These efforts, backed by in-depth research, strengthened the relationship between the Exchange and the entire value chain, especially during the challenging periods.
New Product Launches: In FY 2023-24, the NCDEX launched four new products aimed at boosting business and engaging more market participants. These included:
These new contracts helped the NCDEX maintain strong engagement with key stakeholders in the agricultural value chain. Crude Sunflower Oil Futures became the only available edible oil contract in the country for domestic hedging, while Jeera Mini Futures provided market participants with an opportunity to hedge price risks for smaller quantities.
The Path Ahead: Looking Forward
The challenges of FY 2023-24 required significant effort to maintain the integrity and smooth functioning of the derivatives market. Despite these difficulties, the resilience of the Exchange was strengthened through relentless outreach and research initiatives. Moving forward, the Exchange remains focused on its core markets and products, while also exploring new product lines to drive future growth.
The Exchange’s strong relationships with associations and value-chain participants will continue to fuel its momentum in the upcoming year. The team is hopeful for continued support from stakeholders, which will be crucial in overcoming the challenges ahead.
The Exchange is committed to continuing its deep engagement with policymakers, providing advisory services, and promoting awareness initiatives to ensure long-term success. The focus will remain on fostering long-term relationships with stakeholders and achieving new milestones in the years to come.
NCDEX FY 2022-23 Financial Highlights:
Source – NCDEX Annual Report FY 2022-23
NCDEX Financial Overview FY 2022-23:
NCDEX FY 2022-23: Performance
The NCDEX Group reported a total income of ₹ 13,557 lakhs for FY 2022-23, marking a 12% decline compared to FY 2021-22. The Group’s total expenses rose by 11% to ₹ 19,624 lakhs. Consequently, the profit/(loss) after tax was ₹ (4,237) lakhs for FY 2022-23, compared to ₹ (1,226) lakhs in FY 2021-22.
NCDEX FY 2022-23: Business
The FY 2022-23 began under the shadow of key commodity suspensions, adversely affecting NCDEX’s overall performance. NCDEX recorded an Average Daily Traded Value (ADTV) of ₹ 834 crores and an Average Daily Open Interest (ADOI) of ₹ 2,069 crores. Although ADTV in continuing contracts saw a slight decrease, Open Interest grew by 6% from ₹ 1,947 crores in the previous financial year. This growth reflects strong support from value chain participants in these instruments. Suspended commodities accounted for 70% of NCDEX’s volumes, and their loss could have significantly impacted deposits and deliveries. However, the impact was contained to a 20% loss in deposits and deliveries.
Products traded on NCDEX:
| Particulars | FY2023-24 | FY2022-23 | FY2021-22 |
|---|---|---|---|
| Income | |||
| Revenue from operations | 9,573 | 10,393 | 11,533 |
| Other Income | 4,027 | 3,164 | 3,904 |
| Total Income | 13,600 | 13,557 | 15,437 |
| Expense | |||
| Purchase under Corporate Buying Arrangement | - | 1,101 | - |
| Employee benefits expense | 9,100 | 8,817 | 8,135 |
| Finance cost | 136 | 151 | 188 |
| Depreciation & amortization expense | 2,462 | 2,512 | 2,424 |
| Technology expenses | 4,380 | 3,927 | 3,895 |
| Other expenses | 2,638 | 3,116 | 3,047 |
| Total expenses | 18,716 | 19,624 | 17,689 |
| Profit / (loss) before share of Net profit of Joint venture, exceptional items and Income Tax | (5,116) | (6,067) | (2,252) |
| Less : Exceptional items | 989 | 533 | - |
| Profit / (Loss) before share of Net profit of Joint venture and income tax | (4,127) | (6,600) | (2,252) |
| Share of net profit from Joint venture and associate accounted for using equity method | 807 | 799 | 564 |
| Profit / (Loss) before tax | (3,320) | (5,801) | (1,688) |
| Tax Expense | |||
| Current tax | 133 | 11 | 184 |
| Current tax for earlier years | 9 | (5) | |
| Deferred tax (credit) | (692) | (1,570) | (645) |
| Total Tax expense | (550) | (1,564) | (461) |
| Profit / (Loss) for the year (A) | (2,770) | (4,237) | (1,226) |
| EPS (In INR) | (5.14) | (8.01) | (2.24) |
*Rates mentioned in the chart are indicative.
The trend indicator above has been derived from the current demand/supply of NCDEX Unlisted Shares. The trend has a tendency to change anytime depending on the market conditions and other events. This indicator must not be construed as any recommendation to buy/sell/hold.
Total Number of Outstanding Shares: 50,676,000 (As per NCDEX Annual Report FY2023-24)
Market Cap Scenarios:
At 200 Rs/Share, NCDEX Unlisted Shares values the company at approx. Rs. 1013.5 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of NCDEX unlisted shares.
At 250 Rs/Share, NCDEX Unlisted Shares values the company at approx. Rs. 1266 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of NCDEX unlisted shares.
At 300 Rs/Share, NCDEX Unlisted Shares values the company at approx. Rs. 1520 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of NCDEX unlisted shares.
Source: NCDEX Annual Report FY 2023-24
| Name | Listing Status |
|---|---|
| Metropolitan Stock Exchange | Unlisted |
| Indian Commodity Exchange (ICEX) | Unlisted |
| National Stock Exchange (NSE) | Unlisted |
| Bombay Stock Exchange (BSE) | Listed |
| Multi Commodity Exchange of India (MCX) | Listed |
No information found for NCDEX Rights Issue
No information found for NCDEX Buyback
No information found for NCDEX Stock Split
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Disclaimer: Please note that the above review is about the NCDEX Unlisted Shares trading in the unlisted space and not about the company itself. The views are purely personal and must not be construed as any recommendation/advice to buy/sell/hold. The figures and calculations are presented in good faith and we are not liable for any errors in the same. Kindly do your due diligence before investing.
Process of Buying NCDEX Unlisted Shares
For detailed buying process, refer here
The minimum lot size for investing in NCDEX Unlisted Shares is 100 Shares
The Lock-in period for NCDEX Unlisted Shares will be Six Months. The Lock-in period starts from the date of IPO allotment.
As per the SEBI guidelines, lock-in period for Pre IPO shares is six months. The lock-in period starts from the date of allotment of IPO. During the lock-in period, the shares remain in your account but are marked as locked. After six months, the shares automatically gets unlocked and one can sell it normally on stock exchanges like any other listed shares
Yes, buying NCDEX Unlisted Shares is completely legal
You can regularly check the updated price of NCDEX Unlisted Shares at our Website and on our Telegram Channel
At Unlisted Arena, you can buy NCDEX Unlisted Shares and many such Pre IPO Shares easily at most reasonable rates with a hassle-free process. Unlisted Arena is India’s leading dealer in Unlisted & Pre IPO Shares
You can sell NCDEX Unlisted Shares:
Before IPO: You can sell NCDEX Unlisted Shares before IPO too. You need to have a buyer for this shares. We can also help you to liquidate your holdings of unlisted shares.
After IPO: Once the lock-in period is complete, you can sell the shares on stock exchanges(NSE/BSE) just like any other listed shares.
There are two methods to transfer NCDEX Unlisted Shares
Method 1 – Offline Transfer
In this method, you must have a Delivery Instruction Slip (DIS) book which is provided by your broker. All the demat broking companies have its own DIS book. Along with DIS, there is an annexure which is to be submitted by the seller. Annexure too is provided by the demat broking company. After filing DIS and annexure, duly signed by the seller, they are to be handed over to your respective broker. Post that, your broker will process the request and transfer the shares as per details provided
Method 2 – Online Transfer
One can also transfer shares online through E-DIS/Off Market share transfer. The client must check with their respective brokers if they provide such facility. One can also transfer shares through CDSL easiest (for CDSL Demat) and NSDL Speed-E (For NSDL Demat) after registering into it.
Yes, NCDEX Unlisted Shares are in demat form just like listed shares. You can buy and store them in your demat account. Like listed shares, Unlisted Shares also have their ISIN code so that you can verify the authenticity of shares.
Once the process is complete, NCDEX Unlisted Shares will reflect in your demat account. The shares usually gets reflected in your Depository holdings (DP Holdings). You can check it in your stock brokers app/website. The shares are also shown on your DP transactions and holding statement.
You can also check your holdings in the following:
If you have CDSL Demat Account – CDSL Myeasi app
If you have NSDL Demat Account – NSDL Speed-E
Many investors do ask ‘How to buy NCDEX Unlisted Shares in Zerodha, Angel One, Upstox, etc?’
You can buy NCDEX Unlisted Shares in any demat account with any broking company
When it comes to delivery of unlisted shares- Be assured as Unlisted Arena is the fastest in delivering shares. Once the process is completed, we usually deliver the shares on same day or the next working day. i.e T day or (T+1) working day.
Short Term Capital Gains Tax: If unlisted shares are sold in 24 months or less, gains from such sale are taxed at the slab rate.
Long Term Capital Gains Tax: If unlisted shares are sold after holding for more than 24 months, gains on such sale will be taxed at 20% after indexation.
Tax on Capital Gains on Unlisted Shares that are sold after getting listed: The tax rates will be the same as that on purchase and sale of listed shares.
That is, the long-term gains (shares sold after holding for more than one year) will be taxed at 10% after a threshold of ₹ 1 lakh per financial year.
Short-term gains (gains on selling shares in one year or less) will be taxed at 15%
For listed shares, there are numerous applications and website which shows the market capitalization of shares. But no need to worry, we have included market capitalization scenarios on our website which shows market cap/valuations of the company based on prevailing Unlisted Shares rates. In addition, we have also mentioned total number of shares so that you can easily calculate current market cap quickly without putting much efforts. Click here to see the valuations of NCDEX Pre IPO shares
Quick tip: Market Cap= Total Outstanding shares x Price per share
You can easily check latest developments, news related to NCDEX Unlisted Shares on our website without any sign up or login. Click here to know about latest news and happenings
Unlisted Arena is a prominent name which facilitates Unlisted Shares & Pre IPO Shares safely and securely. All the transactions are done through bank accounts where no third parties are involved. Unlisted Arena always quotes transparent rates and is also known for its fastest delivery of Unlisted Shares and Pre IPO Shares. Unlisted Arena gets featured regularly in India’s top most financial publications. You can check media coverage of Unlisted Arena here
NCDEX is a Pre IPO company.
Yes, NRIs can also buy and sell NCDEX Unlisted Shares just like domestic investors. But their investment is on a non-repatriable basis
Like any listed shares, Unlisted Shares price is also determined by demand-supply of Unlisted Shares. Higher the demand, higher the price and vice-versa. The rates of Unlisted Shares are also derived from its performance, corporate actions such as declaration of results, bonus, dividend, etc. Another important aspect is share price/valuation of its listed peer. If the listed business is identical, unlisted companies share price/valuation will too be in similar fashion
At Unlisted Arena, we charge Zero Brokerage/Charges. The rates quoted by us are- net rates, i.e., you do not need to pay any brokerage or charges
One can buy NCDEX Unlisted Shares in any demat account – no matter with which broker you have a demat account. There is no need for separate/special demat account for buying Unlisted Shares.
Unlisted Arena sources NCDEX Unlisted Shares from existing investors looking to liquidate their investment
Yes, you are eligible to get dividend, bonus and/or any other corporate actions declared by the company. You need to hold the Unlisted Shares in your demat account on the record date declared by the company to be eligible for such corporate actions
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