| P&L Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 444 | 566 | 1281 |
| Cost of Material Consumed | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 |
| Gross Margins | 100 | 100 | 100 |
| Employee Benefit Expenses | 852 | 971 | 1011 |
| Other Expenses | 368 | 443 | 778 |
| EBITDA | -776 | -828 | -508 |
| OPM | -174.77 | -146.29 | -39.66 |
| Other Income | 928 | 976 | 987 |
| Finance Cost | 0 | 0 | 0 |
| D&A | 20 | 21 | 23 |
| EBIT | -796 | -849 | -531 |
| EBIT Margins | 132 | -150 | -41.45 |
| PBT | -179.28 | 127 | 456 |
| PBT Margins | 29.73 | 22.44 | 35.6 |
| Tax | 107 | 88 | 373 |
| PAT | 25 | 39 | 83 |
| NPM | 5.63 | 6.89 | 6.48 |
| EPS | 4.04 | 6.3 | 13.41 |
| Financial Ratios | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating Profit Margin | -174.77 | -146.29 | -39.66 |
| Net Profit Margin | 5.63 | 6.89 | 6.48 |
| Earning Per Share (Diluted) | 4.04 | 6.3 | 13.41 |
| Assets | 2022 | 2023 | 2024 |
|---|---|---|---|
| Fixed Assets | 2796 | 2807 | 2791 |
| CWIP | 0 | 0 | 0 |
| Investments | 3844 | 7204 | 7921 |
| Trade Receivables | 150 | 173 | 108 |
| Inventory | 0 | 0 | 0 |
| Other Assets | 32429 | 29007 | 29459 |
| Total Assets | 39219 | 39191 | 40279 |
| Liabilities | 2022 | 2023 | 2024 |
|---|---|---|---|
| Share Capital | 6.19 | 6.19 | 6.19 |
| FV | 1 | 1 | 1 |
| Reserves | 19353 | 19715 | 20238 |
| Borrowings | 0 | 0 | 0 |
| Trade Payables | 93 | 104 | 145 |
| Other Liabilities | 19766.81 | 19365.81 | 19889.81 |
| Total Liabilities | 39219 | 39191 | 40279 |
| Cash-Flow Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| PBT | 506 | 449 | 897 |
| OPBWC | -680 | -741 | -324 |
| Change in Receivables | -22 | -30 | 1552 |
| Change in Inventories | 0 | 0 | 0 |
| Change in Payables | -49 | 11.5 | 140 |
| Other Changes | 10642 | 7137.5 | 9296 |
| Working Capital Change | 10571 | 7119 | 10988 |
| Cash Generated From Operations | 9891 | 6378 | 10664 |
| Tax | -3 | 22 | -246 |
| Cash Flow From Operations | 9888 | 6400 | 10418 |
| Purchase of PPE | -3.5 | -27.5 | -3.8 |
| Sale of PPE | 0.8 | 1.6 | 1.42 |
| Cash Flow From Investment | -10066 | -6625 | -10839 |
| Borrowing | 0 | 0 | 0 |
| Dividend | -10 | -11 | -10.51 |
| Equity | 0 | 0 | 0 |
| Others From Financing | 0 | 0 | -0.49 |
| Cash Flow from Financing | -10 | -11 | -11 |
| Net Cash Generated | -188 | -236 | -432 |
| Cash at the Start | 1151 | 905 | 669 |
| Cash at the End | 963 | 669 | 237 |
Calcutta Stock Exchange (CSE) is one of India’s oldest stock exchanges, with a rich history dating back to 1908. Once a major trading hub for Eastern India, the exchange played a critical role in shaping the country’s early capital market ecosystem. Over the decades, CSE built a strong membership base and facilitated trading across multiple securities, contributing significantly to regional capital formation. However, structural market reforms, the rise of national exchanges, and regulatory requirements gradually reduced its active operations. Despite this, CSE remains a recognized stock exchange under the Securities Contracts (Regulation) Act and continues to maintain its corporate structure, regulatory compliance, and legacy market infrastructure.
The unlisted shares of Calcutta Stock Exchange attract investor interest primarily because of the exchange’s historical significance, limited share supply, and potential prospects linked to regulatory developments in India’s financial markets. While trading operations have been restricted, the organization still holds valuable assets, including prime real estate, membership value, and long-standing institutional recognition. Investors who seek long-term, speculative opportunities often explore CSE’s unlisted shares due to the possibility of restructuring, mergers, business revival, or monetization of assets in the future. The rarity and high demand in the private market occasionally influence the pricing of these unlisted shares.
Looking ahead, the future of CSE’s unlisted shares depends largely on regulatory decisions, strategic partnerships, and evolving market reforms. If policy changes enable regional exchanges to revive or adopt new business models—such as SME platforms, fintech-driven services, or digital trading ecosystems—CSE could regain relevance in India’s capital market landscape. Investors anticipate that any such revival, asset restructuring, or modernization effort may enhance the long-term value of its unlisted shares. While speculative in nature, CSE remains an intriguing legacy asset for investors who understand the risks and potential associated with unlisted and dormant market institutions.
1. What are Calcutta Stock Exchange unlisted shares?
Calcutta Stock Exchange (CSE) unlisted shares represent equity ownership in the Calcutta Stock Exchange, which is not actively traded on major stock exchanges like NSE or BSE and is available through off-market transactions.
2. How can I buy Calcutta Stock Exchange unlisted shares?
You can buy CSE unlisted shares through registered unlisted share brokers via off-market transfer to your Demat account, subject to availability and price agreement.
3. Can I sell Calcutta Stock Exchange unlisted shares easily?
Liquidity in CSE unlisted shares is limited. Selling depends on buyer demand, negotiated pricing, and broker network access.
4. What are the risks of investing in CSE unlisted shares?
Key risks include low liquidity, limited financial disclosures, price volatility, and uncertainty regarding future revival or listing prospects.
5. Is Calcutta Stock Exchange planning an IPO?
As of now, there is no confirmed IPO timeline for Calcutta Stock Exchange. Any investment should be considered speculative and based on risk tolerance.