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Calcutta Stock Exchange ₹965 ▲ 0.0% 1M
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Calcutta Stock Exchange Unlisted Shares

Financial Services Stock exchange

The Calcutta Stock Exchange Limited is one of India's oldest stock exchanges, based in Kolkata, with 1507 listed companies as of 31 March 2026. It also runs a depository participant business through a subsidiary.

Read the full company profile
Indicative price
As of 11 Nov 2026
₹965 ▲ 0.00% in 1 month
Dealer quotes: ₹830 – ₹965 across 3 dealers
Key facts

Calcutta Stock Exchange share details

Lot size
100 shares
Min. investment
₹96,500
Face value
₹1
Implied market cap
₹177 Cr
Shares outstanding
1,833,750
Headquarters
Kolkata
Website
cse-india.com
ISIN
INE510I01013
CIN
U67120WB1923PLC004707
Lock-in after IPO
6 months
Price history

Calcutta Stock Exchange share price chart

1Y change
+44.75%
High
₹965
Low
₹666.67

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About Calcutta Stock Exchange

The Calcutta Stock Exchange Limited (CSE) is a SEBI-recognised stock exchange based in Kolkata. Its 2025-26 annual report is the 103rd. The exchange lists companies, collects listing fees, and handles investor complaints as a self-regulatory organisation. The core exchange business has shrunk. Because of past regulatory changes, CSE received no application for direct listing in 2025-26. It approved the voluntary delisting of 87 companies, and 1507 companies were listed on it as of 31 March 2026. A voluntary retirement scheme was completed earlier and the company says it saves around ₹9 crore a year. The big number in FY26 did not come from trading. CSE sub-leased 3 acres of land at E.M. Bypass with SEBI's permission, for a total consideration of ₹253 crore. On a standalone basis, revenue from the sub-lease, net of acquisition cost, was ₹24928.18 lakh, against other income of ₹2082.71 lakh. Standalone profit after tax was ₹21557.22 lakh, against a loss in FY25. The consolidated numbers, which include two subsidiaries, are used in the financial table on this page. SEBI has lien-marked the sub-lease proceeds, so the company says it cannot declare a dividend for now. CSE has two subsidiaries. CSE Capital Markets Pvt. Ltd. is a depository participant with both NSDL and CDSL. Lyons Range Securities Clearing Corporation Ltd. is not operational. In February 2025 the company applied to SEBI to exit the stock exchange business. After the West Bengal government proposed support for its revival in the 2026-27 budget, the board decided on 30 June 2026 to ask SEBI to keep that exit application in abeyance. There is no DRHP or IPO link on file for this company. Shares of CSE trade off-market through unlisted dealers, and the price on this page (₹965 per share, lot of 100 shares, implied market cap about ₹176.96 crore) is only an indicative figure, not an exchange price.

Strengths

  • Standalone profit after tax for FY26 was ₹21557.22 lakh, helped by the land sub-lease, after a loss of ₹2187.33 lakh in FY25.
  • Consolidated cash and bank balances rose to ₹25,25,804 thousand at 31 March 2026 from ₹6,98,565 thousand a year earlier.
  • The balance sheet carries no borrowings from banks or financial institutions against current assets.
  • Cost cutting is visible: the voluntary retirement scheme is complete and the company says it saves around ₹9 crore a year. Employee benefits expense fell to ₹23,324 thousand in FY26 from ₹1,19,345 thousand.
  • A subsidiary, CSE Capital Markets Pvt. Ltd., runs depository services and earned a profit after tax of ₹35.60 lakh in FY26.
  • The West Bengal government's 2026-27 budget speech proposed support for reviving the company.

Risks

  • The FY26 profit is a one-time gain from the land sub-lease. Revenue from operations was only ₹51,864 thousand on a consolidated basis, down from ₹1,14,295 thousand in FY25.
  • The exchange received no direct listing application in 2025-26, and it approved the delisting of 87 companies, so its core business is shrinking.
  • Consolidated cash flow from operations was negative at ₹8,75,293 thousand in FY26, partly because of tax paid on the land gain.
  • SEBI has lien-marked the sub-lease proceeds, so the company has been unable to declare a dividend.
  • The company applied to SEBI in February 2025 to exit the stock exchange business. The request to keep it in abeyance still depends on SEBI.
  • Shares are unlisted and trade off-market, so prices are indicative, liquidity is thin and there is no exchange-run price discovery.
  • The auditor's report draws attention to Note 31(i) in the notes to the accounts, which relates to a significant portion of the year's profit.
Financials

Calcutta Stock Exchange financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25
Revenue (₹ Cr) 271 27
PAT (₹ Cr) 216 -22
PAT Margin (%) 79.72 -81.19
EPS (₹) 3,532.97 -355.95
Total Assets (₹ Cr) 605 405

Swipe the table sideways for earlier years →

Leadership

Management team

Deepankar Bose
Public Interest Director
Non-executive public interest director, reappointed on 14 November 2025 for three years.
Subash Chandra Misra
Public Interest Director
Non-executive public interest director, reappointed on 14 November 2025 for three years.
Saradindu Dutta
Public Interest Director
Non-executive public interest director and chairman of a board committee.
Manas Dhar
Shareholder Director
Non-independent shareholder director, reappointed on 14 November 2025.
Prosenjit Dutta
Chief Financial Officer
Continues as CFO and signs the accounts as head of accounts.
Chandrani Datta
Company Secretary
Company Secretary and Compliance Officer of the exchange.
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FAQs

Calcutta Stock Exchange unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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