Key Business Segments
1. Core Trading Operations: Facilitating commodity trading through its electronic platform.
2. FPO Program: A significant initiative that:
Added 60 new FPOs in FY 2023-24, representing over 33,406 farmers
Enabled 40 FPOs to engage in hedging across 13 commodities, trading 71,777 metric tons
Facilitated delivery-based trades where 12 FPOs delivered 1,191 metric tons of 7 commodities
3. Support Services:
Free SMS price report service for farmers
Educational initiatives including investor education sessions and training workshops
Webinars for FPOs on futures contracts and options.
Subsidiary and Associate Companies
NCDEX operates through several key subsidiaries and associates:
National Commodity Clearing Limited (NCCL): Provides clearing and settlement services for NCDEX trades.
NCDEX e Markets Limited (NeML): Engages with government agencies for electronic trading platforms, including joint ventures:
Rashtriya e Market Services Private Limited (ReMS)
Meta Materials Circular Markets Private Limited (MMCM) focused on ESG
National E-Repository Limited (NERL): Offers a digital platform for electronic Negotiable Warehouse Receipts (eNWRs).
NCDEX Institute of Commodity Markets and Research (NICR): Focuses on education, research, and market awareness.
Power Exchange India Limited (PXIL): An associate company in the power exchange market.
Financial Performance
Standalone Financial Results (NCDEX only)
Total Income:
FY 2023-24: ₹5,283 Lakhs (8% growth over previous year)
FY 2022-23: ₹4,884 Lakhs
Revenue from Operations Breakdown (FY 2023-24):
Transaction charges: ₹2,390 Lakhs
Annual subscription fees: ₹81 Lakhs
Admission fees: ₹5 Lakhs
Warehouse charges: ₹6 Lakhs
Data, Analytics and Technology Sales: ₹581 Lakhs
Computer to computer link charges: ₹40 Lakhs
Port charges: ₹54 Lakhs
Total Revenue from Operations: ₹3,157 Lakhs
Investment Income (FY 2023-24): ₹791 Lakhs (including ₹353 Lakhs dividend from a subsidiary)
Consolidated Financial Results (NCDEX Group)
Total Income:
FY 2023-24: ₹13,600 Lakhs (0.32% growth over previous year)
FY 2022-23: ₹13,557 Lakhs
Consolidated Revenue from Operations Breakdown (FY 2023-24):
Transaction charges: ₹5,347 Lakhs
Annual subscription fees: ₹227 Lakhs
Admission fees: ₹78 Lakhs
Risk Management Fees: ₹450 Lakhs
Delivery Charges: ₹466 Lakhs
E-Repository services: ₹823 Lakhs
Warehouse charges: ₹102 Lakhs
Data, Analytics and Technology Sales: ₹581 Lakhs
Total Revenue from Operations: ₹8,074 Lakhs
Strategic Initiatives and Future Outlook
NCDEX is actively exploring:
Expansion into new commodity contracts including milk products, weather derivatives, and freight derivatives
Developing presence in the carbon credit space
Setting up spot polling activity and a product advisory committee for carbon credits
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