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National Commodity & Derivatives Exchange (NCDEX) Limited Unlisted Shares Presentations

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National Commodity & Derivatives Exchange Shares

National Commodity & Derivatives Exchange Limited (NCDEX), established in 2003 and headquartered in Mumbai, is a professionally managed online multi-commodity exchange, functioning as a leading platform for trading agricultural commodities in India by providing services for trading, clearing, and settlement of commodity derivatives. NCDEX plays a crucial role in enhancing market transparency and aiding price discovery in the agricultural sector. **Financial Overview:** NCDEX's financials (in Cr.) indicate fluctuations over recent years: * Revenue: FY21 - 113, FY22 - 115, FY23 - 104, FY24 (estimated) - 96. * EBITDA: FY21 - -34, FY22 - -35, FY23 - -66, FY24 (estimated) - -65. * PAT: FY21 - -14, FY22 - -12, FY23 - -42, FY24 (estimated) - -28. * EPS: FY21 - -2.76, FY22 - -2.37, FY23 - -8.29, FY24 (estimated) - -5.52. **Valuation Metrics:** The last deal price was ₹210/share (as of May 1, 2025), implying a market capitalization of ₹1463 Cr. The Book Value is 69.73, and the P/B Ratio is ~3.01x. The P/E Ratio (FY24) is N/A. **Shareholding Pattern:** The shareholding pattern consists of: * NSE (15%), * Others (13.25%), * LIC (11.10%), * The National Bank For Agriculture And Rural Development (11.10%), * Indian Farmers Fertiliser Cooperative Ltd. (10%), * Oman India Joint Investment Fund (10%), * Punjab National Bank (7.29%), * Canara Bank (6.03%). **Investment Rationale:** * NCDEX holds a significant market share in agricultural commodity derivatives trading in India (Market Leadership). * The exchange operates under the regulation of the Securities and Exchange Board of India (SEBI), ensuring compliance and investor protection (Regulatory Oversight). * NCDEX utilizes advanced technology platforms to facilitate efficient and transparent trading (Technological Infrastructure). * The exchange offers trading in a wide range of commodities, including cereals, pulses, spices, and oilseeds (Diverse Commodity Portfolio). **Key Risks:** * Fluctuations in commodity prices can impact trading volumes and revenue (Commodity Price Volatility). * SEBI has extended the ban on futures trading of seven key agricultural commodities on NCDEX until March 31, 2026 (Regulatory Risk). * Presence of other commodity exchanges like MCX poses competitive challenges (Competition). **IPO Timeline & Exit Options:** * NCDEX currently has no plan for an IPO (IPO Plans). * The shares are proposed to be listed on recognized stock exchanges in India in future (Listing Platform). * Shares are currently available for trading on platforms like UnlistedZone (Pre-IPO Share Trading). **UnlistedZone View:** NCDEX, with its strong market position and regulatory compliance, presents a promising investment opportunity in the commodity exchange sector. The planned IPO offers potential for value appreciation, subject to market conditions and regulatory approvals. UnlistedZone rates NCDEX as a Watchlist, suggesting consideration for accumulation for a 3-5 year investment horizon, with a target IPO valuation of ₹1,500-2,000 Cr. **Additional Details:** * Company Name: National Commodity & Derivatives Exchange Limited * CIN: U51909MH2003PLC140116 * Incorporated: April 23, 2003 * Headquarters: Mumbai, Maharashtra * Promoters: NSE, LIC, NABARD, ICICI Bank, IFFCO, PNB, Canara Bank * Sector: Commodity Exchange * ISIN: INE127G01010

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FAQ's

What are unlisted shares?

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Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.

How can I buy unlisted shares?

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You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.

What is the share price of unlisted companies?

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The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.

Are unlisted shares a good investment?

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Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.

How can I sell unlisted shares?

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To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.

What are the risks of investing in unlisted shares?

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Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.

What is the share price of unlisted companies?

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Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

How do I know the current value of unlisted shares?

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The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.

Is there a minimum investment amount for unlisted shares?

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The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.

Can I get a dividend from unlisted shares?

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Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.

How do I know which unlisted shares are worth investing in?

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It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.

Are unlisted shares taxed?

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Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

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