National Commodity and Derivatives Exchange Ltd. (NCDEX) Share Price 2026
· 7 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
National Commodity and Derivatives Exchange Ltd. (NCDEX) unlisted share price fell 16.3% week-on-week to ₹308.0 as of 12 Oct 2026. Read the desk's breakdown of price trends, key developments, and financials.
Direct answer: The indicative unlisted share price of National Commodity and Derivatives Exchange Ltd. (NCDEX) fell 16.3% over one week, moving from ₹368.0 on 05 Oct 2026 to ₹308.0 as of 12 Oct 2026. Tracked by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002, this shift reflects recent over-the-counter transaction levels across unlisted market desks.
Between 14 Jul 2026 and 12 Oct 2026, the indicative unlisted share price of NCDEX moved from a 90-day high of ₹428.0 on 14 Jul 2026 to a period low of ₹308.0 on 12 Oct 2026.
NCDEX Unlisted Share Price Movement and 90-Day Trend Context
The indicative unlisted share price of National Commodity and Derivatives Exchange Ltd. (NCDEX) saw a sharp downward movement in early October 2026. On 05 Oct 2026, quotes were reported at ₹368.0 per share. The price eased to ₹338.0 on 07 Oct 2026, ₹318.0 on 08 Oct 2026, and reached ₹308.0 on 09 Oct 2026, holding at ₹308.0 through 12 Oct 2026. This represents a net fall of 16.3% across the seven-day period.
Over the broader 90-day window from July 2026 to October 2026, NCDEX began trading at its period high of ₹428.0 on 14 Jul 2026. Prices steadily drifted to ₹388.0 by late July 2026 and spent August and September consolidating in the ₹378.0 to ₹385.0 range. The breach below ₹378.0 in October established a new 90-day low of ₹308.0 as of 12 Oct 2026.
At an indicative price of ₹308.0 per share, NCDEX carries an estimated total market capitalisation of ₹3,211 Cr based on 8,96,94,972 outstanding shares. With a lot size of 67 shares, the minimum investment amount stands at ₹25,326. Investors exploring other pre-IPO and unlisted market infrastructure businesses can track comparative updates on the Unlisted shares screener.
Business Overview and Exchange Operations
National Commodity and Derivatives Exchange Ltd. (NCDEX) is a SEBI-regulated market infrastructure institution incorporated in 2003 and headquartered in Mumbai, Maharashtra. Effective September 2015, NCDEX became a deemed recognised stock exchange under the Securities Contracts (Regulation) Act, 1956. Detailed background and transaction terms are maintained on National Commodity and Derivatives Exchange Ltd. (NCDEX) on BuyUnlistedShares.
| Item | Value | As of |
|---|---|---|
| Indicative price | ₹308 | 13 Oct 2026 |
| Lot size | 67 shares | 13 Oct 2026 |
| Minimum investment | ₹25,326 | 13 Oct 2026 |
| Market cap | ₹3,211 Cr | 13 Oct 2026 |
| Face value | ₹10 | 13 Oct 2026 |
| Book value | ₹165.78 | 13 Oct 2026 |
| ISIN | INE127G01010 | 13 Oct 2026 |
| Sector | Financials | 13 Oct 2026 |
| Listing status | UNLISTED | 13 Oct 2026 |
NCDEX operates an electronic nationwide platform specializing in agricultural commodity derivatives, including guar, cotton, chana, soybean, mustard seed, and spices. Beyond derivatives trading, the group operates clearing, warehousing, and spot services to support agricultural value chain participants in price discovery and risk hedging. Institutional market coverage across public and pre-IPO instruments can also be surveyed via the IPO calendar.
Recent Developments and Regulatory Approvals
Public corporate disclosures and media reports outline several operational and strategic developments for NCDEX over recent periods:
- Mutual Fund Platform Nod (Dec 2025): NCDEX received in-principle approval from SEBI to launch a mutual fund transaction platform as a stepping stone toward equity segment operations.
- Q3 FY26 Performance (Dec 2025): For Q3 FY26, total income stood at ₹24.46 Cr and operational revenue at ₹6.47 Cr, with net loss narrowing to ₹8.50 Cr from ₹11.82 Cr in Q2 FY26. The exchange deployed ₹3.41 Cr toward equity segment development.
- Capital Raising (Aug 2025): NCDEX raised over ₹770 Cr via preferential allotment from institutional investors including Citadel Securities, Tower Research, Groww, JM Financial, and Kotak Life Insurance to finance its equity segment entry. Total outstanding shares expanded from ~5.07 crore to ~8.97 crore.
- Equity Segment Approval (Jul 2025): SEBI granted in-principle approval for NCDEX to launch equity cash and equity derivatives segments.
- FY25 Annual Performance (Mar 2025): NCDEX reported FY25 net profit of ₹234 Cr driven by asset sales, including its stake in Power Exchange India Ltd (PXIL), while operational revenue stood at ₹122 Cr.
Institutional interest in exchange platforms often draws comparison with unlisted assets across other sectors, such as discussed in the Cochin International Airport (CIAL) Unlisted Share Price, Financials & Dividend Explainer and mainboard primary reviews like the Qualiance International IPO Review 2026: Business, Financials and Key Considerations.
Financial Summary and Shareholding Structure
According to reported financial figures, NCDEX generated revenue from operations of ₹90.4 Cr in FY26 compared to ₹88 Cr in FY25, ₹96 Cr in FY24, and ₹104 Cr in FY23. FY26 PAT was recorded at -₹46 Cr compared to ₹236 Cr in FY25 (which included gain on sale of PXIL stake), -₹28 Cr in FY24, and -₹42 Cr in FY23.
Between FY23 and FY26, NCDEX reported revenue from operations of ₹104 Cr in 2023, ₹96 Cr in 2024, ₹88 Cr in 2025, and ₹90.4 Cr in 2026, while PAT reached a peak of ₹236 Cr in 2025 before settling at -₹46 Cr in 2026.
NCDEX maintains a strong institutional shareholding base. As of recent records, major shareholders include National Stock Exchange of India (NSE) with 15.0%, Life Insurance Corporation of India (LIC) with 11.1%, NABARD with 11.1%, IFFCO with 10.0%, Oman India Joint Investment Fund (OIJIF) with 10.0%, Punjab National Bank with 7.3%, Canara Bank with 6.0%, Investcorp Private Equity Fund I with 5.0%, and Build India Capital Advisors LLP with 5.0%. Public, body corporate, and individual holdings account for the remaining 19.5%.
Financial updates, price histories, and unlisted company files are verified directly by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.
Strengths and Risk Considerations
When evaluating NCDEX in the unlisted market, participants consider both fundamental strengths and specific market risk factors:
- Key Strengths: Dominant leadership in agricultural commodity derivatives, backed by premier financial institutions (NSE, LIC, NABARD), and ongoing diversification into equity cash and derivatives segments.
- Operational & Financial Risks: Core operational profitability remains constrained, with negative EBITDA recorded across recent fiscal years (-₹103.6 Cr in FY26). Performance is sensitive to trading volume fluctuations and regulatory changes in commodity derivatives.
- Unlisted Market Risks: Off-market transactions lack continuous exchange liquidity. Indicative prices reflect over-the-counter negotiations and can experience sharp price adjustments depending on available supply and demand.
To request live quotes, verify share availability, or understand off-market demat transfer workflows for NCDEX, contact BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 via our enquiry desk.
Frequently Asked Questions
What caused the NCDEX unlisted share price to drop 16.3% this week?
The indicative unlisted share price moved from ₹368.0 on 05 Oct 2026 to ₹308.0 on 12 Oct 2026 based on off-market deal levels reported across unlisted desks. Indicative prices adjust dynamically according to private over-the-counter supply, buyer demand, and overall market sentiment.
Is NCDEX currently listed on the stock exchange?
No. NCDEX is an unlisted company and does not trade on the mainboard stock exchanges (NSE or BSE). Its shares trade in the unlisted market and settle off-market via depository demat accounts (NSDL/CDSL).
What are the key financial highlights of NCDEX for FY26?
For FY26, NCDEX recorded revenue of ₹90.4 Cr and a net profit after tax (PAT) of -₹46 Cr. Reported net worth stood at ₹1,507.7 Cr with a book value of ₹169.21 per share as of October 2026.
Who are the major shareholders of NCDEX?
Key institutional shareholders include National Stock Exchange of India (15.0%), LIC (11.1%), NABARD (11.1%), IFFCO (10.0%), Oman India Joint Investment Fund (10.0%), Punjab National Bank (7.3%), and Canara Bank (6.0%).
Should I buy or sell NCDEX unlisted shares at the current price?
We do not make that call. BuyUnlistedShares provides market information and transaction processing service; we do not provide investment advice, buy/sell recommendations, or target valuations. Investors must conduct independent evaluation and assess their own risk tolerance before transacting in unlisted equity.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
