Fusion Techstack Limited

Fusion Techstack Limited

Finance - Stock Broking Unlisted Active
INE678L01012 Est. 2008 Website
Current Price 24 Aug 2026
₹2.60

Min lot: 2,500 shares

Market Cap ₹139 Cr
P/E Ratio 126.1x
EPS ₹0.02
Face Value ₹5.00
Book Value ₹1.32
P/B Ratio 1.97x
Min Lot 2,500 sh.
Total Debt ₹0 Cr

Price Trend

Period Change
Period High
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Prices shown are indicative unlisted-market bid prices, updated periodically.

About Fusion Techstack Limited

This company used to be a stock exchange. Now it is working out what to be instead.
Fusion Techstack was incorporated on 18 August 2008. For nearly all of its life it was Indian Commodity Exchange Limited, ICEX, a SEBI regulated national commodity derivatives exchange based in Navi Mumbai, running a demutualised and fully electronic platform.
Its claim to fame was diamonds. In 2017 ICEX became the first exchange anywhere in the world to launch a diamond derivatives contract. Steel Long followed. In FY19 it absorbed the National Multi-Commodity Exchange after NCLT approval.
Then it wound down. SEBI approved the exit from the commodity exchange business in late 2024. The recognition was formally withdrawn in January 2025.
Shareholders voted to rename it Fusion Techstack Limited and rewrite its objects to allow technology and data services work. The Ministry of Corporate Affairs cleared that in September 2025.
What is left is small. FY25 revenue of around ₹6 crore. A modest in house team. Tridibnath Swain as CEO, with directors including Suresh Babu Konakanchi and Gopala Ramaratnam. The shape of the new business has not been spelled out publicly yet.

Financial Highlights

All figures are in Crores (₹)

FY21FY22FY23FY24FY25 YOY %CAGR %
Net Sales1.401.200.250.000.00
Other Income2.400.901.589.606.20-35.4%+26.8%
Total Income3.802.101.839.606.20-35.4%+13.0%
Operating Profit-21.2-17.9-48.23.901.70-56.4%-46.8%
Interest0.100.100.070.100.00-100.0%
Depreciation4.403.8010.00.900.60-33.3%-39.2%
Total Expenditure29.523.850.06.705.10-23.9%-35.5%
Exceptional Income0.000.000.000.000.00
PBT-25.7-21.7-58.32.901.10-62.1%-54.5%
TAX0.000.000.340.000.00
PAT-25.7-21.7-58.62.901.10-62.1%-54.5%
EPS (₹)₹-0.48₹-0.41₹-1.10₹0.05₹0.02-60.0%-54.9%
FY21FY22FY23FY24FY25 YOY %CAGR %
Shareholder Funds104.082.323.426.370.2+166.9%-9.4%
Total Debt0.000.000.000.000.00
Current Liabilities0.2018.622.79.708.10-16.5%+152.3%
Non Current Liabilities0.105.700.070.100.10+0.0%+0.0%
Total Liabilities160.9144.784.878.878.4-0.5%-16.5%
Current Assets0.5038.272.363.162.5-1.0%+234.4%
Non Current Assets1.10106.612.515.715.9+1.3%+95.0%
Total Assets160.9144.784.878.878.4-0.5%-16.5%
FY21FY22FY23FY24FY25 YOY %CAGR %
Cash Flow From Operating Activities-0.20-14.544.3-9.60-7.20+25.0%-144.9%
Cash Flow From Investing Activities-0.1015.2-44.310.27.90-22.5%+198.1%
Cash Flow From Financing Activities0.00-0.60-0.58-0.60-0.50+16.7%
Free Cash Flow-0.20-14.5-0.07-9.70-7.20+25.8%-144.9%
FY21FY22FY23FY24FY25YOY %
ROE(%)-24.70-26.40-250.3011.001.60-85.5%
ROCE(%)-13.20-12.40-56.804.902.20-55.1%
ROA(%)-16.00-15.00-69.103.701.40-62.2%
Current Ratio(x)2.502.103.206.507.70+18.5%
Debt / Equity(x)0.000.000.000.000.00

No documents available yet.

Net Sales (in Cr.)

Total Income (in Cr.)

Net Profit (in Cr.)

Operating Profit (in Cr.)

Shareholder Funds (in Cr.)

Total Assets (in Cr.)

Operating Cash Flow (in Cr.)

Investing Cash Flow (in Cr.)

Financing Cash Flow (in Cr.)

Free Cash Flow (in Cr.)

Company Information

ISIN INE678L01012
Industry Finance - Stock Broking
Category Pre IPO
Incorporated 2008
Min Lot Size 2,500 shares
Demat Required Yes
ROFR Applicable No

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