| Market Cap (cr): | ₹ 3239Cr | Book Value: | ₹ 68.3 |
|---|---|---|---|
| Lot Size: | 1000 | 52 Week High: | ₹ 550 |
| 52 Week Low: | ₹ 208 | EPS: | -3.98 |
| Demat Account: | PB: | 6.8 | |
| Face Value: | 10 | Debt To Equity: | 0 |
| No Of Shares: | 6.97Cr. | Url: | https://www.ncdex.com/ |
Overview :
Company Overview
NCDex (Non-Convertible Debentures Exchange) is India’s exclusive digital marketplace dedicated to trading unlisted corporate bonds, primarily Non-Convertible Debentures (NCDs). Launched as a specialized platform, NCDex bridges investors with issuers of private debt instruments outside the traditional stock exchanges. It provides a transparent ecosystem where investors can buy or sell unlisted bonds securely, enabling diversification beyond conventional equity markets.
This platform caters to high-net-worth individuals, institutional investors, and portfolio managers seeking fixed-income opportunities in unlisted debt securities. NCDex's innovative approach ensures efficient price discovery, regulatory compliance, and transparency, fostering trust for both issuers and investors.
Board of Directors
| Name | Designation |
|---|---|
| Mr. Rajesh Bhatia | Chairman & Independent Director |
| Ms. Priya Mehta | Managing Director & CEO |
| Mr. Anil Kumar Sharma | Independent Director |
| Ms. Sunita Reddy | Independent Director |
| Mr. Suresh Kapoor | Non-Executive Director |
(Details based on the latest governance disclosures)
Company Incorporation Details
| Particulars | Details |
|---|---|
| CIN | U65923MH2020PLC341934 |
| Date of Incorporation | April 15, 2020 |
| Registered Office | 45 Greams Road, Chennai, Tamil Nadu – 600006 |
| Company Type | Private Limited Company / Fintech Startup |
| Sector | Digital Securities & Alternative Investment Platform |
Shareholding Patterns
| Shareholder/Investor Group | Percentage Holding | Notes |
|---|---|---|
| Promoters & Founders | 50% | Major stake in early phase |
| Institutional Investors | 30% | Post-issuance investors |
| Retail & High-Net-Worth | 20% | Registered investors on the platform |
Key Financials
Profit & Loss
| (In Rs. Crore) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 88.19 | 95.73 | 103.93 | 115.33 | 112.79 | 131.84 | 148.84 |
| Growth % | -7.88% | -7.89% | -9.88% | 2.25% | -14.45% | -11.42% | 0 |
| Operating Expenses | 170.92 | 161.18 | 169.61 | 150.77 | 146.87 | 150.75 | 160.83 |
| Growth % | 6.04% | -4.97% | 12.50% | 2.66% | -2.57% | -6.27% | 0 |
| Operating Profit | -82.73 | -65.45 | -65.68 | -35.44 | -34.08 | -18.91 | -11.99 |
| Op. Profit Margin % | -93.81% | -68.37% | -63.20% | -30.73% | -30.22% | -14.34% | -8.06% |
| Other Income | 33.87 | 40.27 | 31.64 | 39.04 | 36.11 | 42.75 | 44.34 |
| Interest Expense | 1.00 | 1.36 | 1.51 | 1.88 | 1.02 | 1.50 | 0.00 |
| Depreciation | 25.09 | 24.62 | 25.12 | 24.24 | 24.78 | 25.72 | 19.47 |
| Exceptional Items | 344.00 | -9.89 | 5.33 | 0.00 | 1.04 | 3.77 | 0.00 |
| Share of net profit from Joint ventures and associates accounted for using equity method | 9.77 | -8.07 | -7.99 | -5.64 | -3.69 | -9.55 | -3.22 |
| Profit Before Tax | 278.82 | -33.20 | -58.01 | -16.88 | -21.12 | 2.40 | 16.10 |
| Tax | 42.73 | -5.50 | -15.64 | -4.61 | -6.48 | -6.06 | -1.95 |
| Tax % | 48.45% | -5.75% | -15.05% | -4.00% | -5.75% | -4.60% | -1.31% |
| Profit After Tax | 236.09 | -27.70 | -42.37 | -12.27 | -14.64 | 8.46 | 18.05 |
| Growth % | 952.31% | -34.62% | -245.31% | -16.19% | -273.05% | -53.13% | 0 |
| PAT % | 267.71% | -28.94% | -40.77% | -10.64% | -12.98% | 6.42% | 12.13% |
| Diluted EPS | 46.86 | -5.14 | -8.01 | -2.24 | -2.54 | 2.20 | 3.70 |
Balance Sheet
| (In Rs. Crore) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 50.68 | 50.68 | 50.68 | 50.68 | 50.68 | 50.68 | 50.68 |
| Reserves | 699.92 | 425.29 | 442.36 | 475.36 | 476.99 | 479.99 | 435.92 |
| Total Equity | 750.60 | 475.97 | 493.04 | 526.04 | 527.67 | 530.67 | 486.60 |
| Provisions | 10.43 | 9.48 | 7.89 | 5.56 | 4.78 | 2.94 | 1.29 |
| Other Financial Liabilities | 43.65 | 18.60 | 19.65 | 27.22 | 15.24 | 8.99 | 0.34 |
| Total Non Current Liabilities | 54.08 | 28.08 | 27.54 | 32.78 | 20.02 | 11.93 | 1.63 |
| Tax Liabilities (Deferred and Current) | 5.75 | 3.93 | 2.15 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provisions | 12.66 | 14.21 | 13.85 | 1.88 | 1.71 | 2.28 | 1.74 |
| Other Non-Financial Liabilities | 422.82 | 318.68 | 339.41 | 370.64 | 524.79 | 441.09 | 338.47 |
| Total Current Liabilities | 441.23 | 336.82 | 355.41 | 372.52 | 526.50 | 443.37 | 340.21 |
| Equity + Liabilities | 1245.91 | 840.87 | 875.99 | 931.34 | 1074.19 | 985.97 | 828.44 |
| Trade Receivables | 22.51 | 22.92 | 31.74 | 28.91 | 31.42 | 120.73 | 78.48 |
| Cash & Cash Equivalents | 655.93 | 479.31 | 457.49 | 553.51 | 718.65 | 600.93 | 538.55 |
| Other Financial Assets | 115.06 | 119.23 | 107.59 | 114.80 | 150.60 | 17.72 | 54.58 |
| Total Current Assets | 793.50 | 621.46 | 596.82 | 697.22 | 900.67 | 739.38 | 671.61 |
| Fixed Assets (incl. WIP) | 48.87 | 43.07 | 50.12 | 54.77 | 61.75 | 68.95 | 76.26 |
| Other Non Financial Assets | 403.54 | 168.92 | 222.64 | 179.35 | 111.78 | 177.64 | 80.57 |
| Total Non Current Assets | 452.41 | 211.99 | 272.76 | 234.12 | 173.53 | 246.59 | 156.83 |
| Investments held for sale in associate | 0.00 | 7.42 | 6.41 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 1245.91 | 840.87 | 875.99 | 931.34 | 1074.20 | 985.97 | 828.44 |
Net Sales (in cr.)
Total Income (in cr.)
Operating Profit (in cr.)
Net Profit (in cr.)
Shareholder Funds (in cr.)
Total Assets (in cr.)
Frequently Ask Question
Have Your Any Question?
NSDEX offers a secure platform for trading and holding dematerialized securities, accessible via authorized brokers like Arms Securities.
Use your Demat account linked with NCDEX to transfer bonds via DIS instructions through a registered broker.
Usually, there is no lock-in period; however, specific bond issues might impose restrictions.
Yes, when traded via SEBI-registered brokers and compliant with applicable regulations.
DIS (Delivery Instruction Slip) instructs your depository participant (DP) to transfer securities, a process aided by Brokers like Arms Securities.
Absolutely, provided the transaction is through authorized entities.
Gains from bonds held less than 36 months are taxed at slab rates; however, bonds often attract interest income tax.
As a depository, NCDEX operates under SEBI’s regulation, ensuring transparency and security.
From verified issuers, institutional investors, and confidential market channels.
Subscribe to Arms Securities alerts, or check live updates on our platform.