Market Cap:	₹ 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.	Web Site Url:	https://www.ncdex.com/

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