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Company Overview
Indian Commodity Exchange Ltd (ICEX) is a recognized Commodity Exchange regulated by the Securities and Exchange Board of India (SEBI). It operates with a demutualized corporate structure and offers online trading, clearing, and settlement services with best practices. The company operates in a single reportable business segment, namely “Commodity Exchange,” and within one geographical segment, i.e., within India. Thus, the business of facilitating trading in commodities and incidental activities thereto is considered the only primary reportable business segment.
Trading Operations Initiatives:
- August 28, 2017: Re-commenced trading operations with the launch of the Diamond Derivative contract, pioneering globally.
- August 28, 2018: Introduced the Steel Long contract, expanding its commodity offerings.
Amalgamation with NMCE:
- FY 2018-19: National Company Law Tribunal (NCLT) sanctioned the amalgamation of NMCE with ICEX, effective from September 7, 2018, integrating NMCE’s commodities into ICEX.
New Contract Launches:
- July 11, 2019: Launched the Paddy Basmati derivative contract, continuing innovation in contract offerings.
Outsourcing and Partnerships:
- October 1, 2018: Outsourced clearing, settlement, deliveries, and risk management services to MCCIL, enhancing operational efficiency.
- Partnership with Millennium IT for robust technology infrastructure.
SEBI Initiatives to Boost Commodity Business:
- Policy enhancements allowing mutual funds and portfolio managers to participate in commodity derivatives.
- Introduction of commodity options, foreign entities hedging on Indian exchanges, and commodity indices trading.
SEBI Approvals and Mutual Fund Distribution:
- Recently permitted to launch mutual fund distribution using its exchange infrastructure, set to begin in the current financial year.
Fundamentals
| Metric | Value | Metric | Value |
|---|---|---|---|
| Current Price | ₹ 6 | Debt to Equity | 0 |
| Market Cap (in Cr.) | ₹ 320 | Face Value | ₹ 5 |
| Book Value | ₹ 0.44 | ROE (%) | -249 |
| P/B | 0 | P/E Ratio | -5.51 |
| PAN Number | AABCI9479D | EPS | ₹ -1.09 |
| ISIN | INE678L01012 | No. Of Shares (Cr.) | 266 |
Promoters & Managements
| Name | Designation |
|---|---|
| Sushil Kumar Agrawal | Chairman |
| Ranjit Samantaray | Whole-time Director & COO |
| Tridib Swain | CEO |
| Vaishali Vishwas Kale | Director |
| Statement / Ratios | 2022 | 2023 |
|---|---|---|
| Revenue | 2 | 1.74 |
| Cost of Material Consumed | 11 | 1.7 |
| Gross Margins | -816.67 | -608.33 |
| Change in Inventory | 0 | 0 |
| Employee Benefit Expenses | 5.3 | 3 |
| Other Expenses | 4 | 45 |
| EBITDA | -19.1 | -49.46 |
| OPM (Operating Profit Margin) | -1591.67 | -20608.33 |
| Other Income | 0.8 | 1.5 |
| Finance Cost | 0 | 0 |
| D&A (Depreciation & Amortization) | 4 | 10 |
| EBIT (Earnings Before Interest and Tax) | -23.1 | -59.46 |
| EBIT Margins | -1925 | -24775 |
| PBT (Profit Before Tax) | -22 | -58 |
| PBT Margins | -1833.33 | -24166.67 |
| Tax | 0 | 0.3 |
| PAT (Profit After Tax) | -22 | -58.3 |
| NPM (Net Profit Margin) | -1833.33 | -24291.67 |
| EPS (Earnings Per Share) | -0.41 | -1.09 |
Assets:
| Asset Category | 2022 | 2023 |
|---|---|---|
| Fixed Assets | 55 | 2.2 |
| CWIP | 0 | 0 |
| Investments | 14 | 22 |
| Trade Receivables | 1 | 0 |
| Inventory | 0 | 0 |
| Other Assets | 75 | 60.8 |
| Total Assets | 145 | 85 |
Liabilities:
| Liability Category | 2022 | 2023 |
|---|---|---|
| Share Capital | 266.75 | 266.7 |
| Face Value (FV) | 5 | 5 |
| Reserves | -184 | -243.3 |
| Borrowings | 0 | 0 |
| Trade Payables | 13.6 | 13 |
| Other Liabilities | 48.65 | 48.6 |
| Total Liabilities | 145 | 85 |
| Metric | 2022 | 2023 |
|---|---|---|
| PBT (Profit Before Tax) | -22 | -58 |
| OPBWC (Operating Profit Before Working Capital Changes) | -19 | -6 |
| Change in Receivables | 0.7 | 2.2 |
| Change in Inventories | 0 | 0 |
| Change in Payables | 4.4 | -1.5 |
| Other Changes | -0.5 | 49.7 |
| Working Capital Change | 4.6 | 50.4 |
| Cash Generated From Operations | -14.4 | 44.4 |
| Tax | -0.1 | -0.2 |
| Cash Flow From Operations | -14.5 | 44.2 |
| Purchase of PPE (Property, Plant, and Equipment) | 0 | 0 |
| Sale of PPE | 0 | 0 |
| Cash Flow From Investment | 15.2 | -44.3 |
| Borrowing | 0 | 0 |
| Dividend | 0 | 0 |
| Equity | 0 | 0 |
| Others From Financing | -0.6 | -0.5 |
| Cash Flow from Financing | -0.6 | -0.5 |
| Net Cash Generated | 0.1 | -0.6 |
| Cash at the Start | 0.6 | 0.7 |
| Cash at the End | 0.7 | 0.1 |
Share Holding Pattern
| Shareholder | 2022 | 2023 |
|---|---|---|
| Reliance Exchangenext Limited | 16.33% | 16.33% |
| Central Warehousing Corporation | 11.05% | 11.05% |
| Deputy Director (PMLA), Directorate Of Enforcement, Ahmedabad | 9.04% | 9.04% |
| MMTC Limited | 6.00% | 6.00% |
| Indiabulls Housing Finance Limited | 3.47% | – |
| Other | 54.11% | – |
| Others | – | 57.58% |
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
Contact Us: Reach out to Unlistify to confirm availability and agree on a price.
Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.
Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.
Receive Shares: We’ll transfer the ICEX ( Indian Commodity Exchange ) shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your ICEX ( Indian Commodity Exchange ) shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the ICEX ( Indian Commodity Exchange ) shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your ICEX ( Indian Commodity Exchange ) shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
Unlistify aims to make unlisted share investing accessible. The current minimum investment for ICEX ( Indian Commodity Exchange ) Unlisted Shares is approximately 35,000 – 50,000 INR.
Limited Liquidity: Unlisted shares are not traded on public exchanges, making it potentially harder to find buyers when you want to sell.
Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.
Regulatory Changes: Regulations for unlisted shares can change, affecting their value and trading.
Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.
No Guarantee of Listing: There’s no assurance that unlisted shares will ever be listed on a public exchange.
Market Leader: Unlistify is one of India’s fastest-growing unlisted share platforms.
Transparency: We provide clear information about each unlisted share, including potential risks.
Security: We prioritize the protection of your financial information.
Customer Support: Our team is dedicated to guiding you through the investment process.
Latest Funding: We consider the valuation from ICEX ( Indian Commodity Exchange ) most recent funding round.
Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.
SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.
We aim for same-day transfer of ICEX ( Indian Commodity Exchange ) Unlisted Shares to your Demat account after your payment is confirmed.
Tax Transition: Once your unlisted ICEX ( Indian Commodity Exchange ) shares are listed and sold on an exchange, standard listed share tax rules apply.
Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.
