Multi Commodity Exchange of India Ltd

Multi Comm. Exc. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Multi Commodity Exchange of India Ltd

₹ 4,009 -1.76%
03 May - close price
mcxindia.com BSE: 534091 NSE : MCX
About

The Multi Commodity Exchange of India Limited is India’s second listed exchange. It is a commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management. The Exchange, which started operations in November 2003, operates under the regulatory framework of Securities and Exchange Board of India (SEBI). [1]

Key Points

Monopoly[1][2]
Company has a 96.8% share in the commodity derivatives market as of Dec 2022. It controls a 100% share of Precious metals & stones, Energy & base metals with the exception of agri-commodities where it commands a share of 22.2%. Co. is the 7th largest by the number of Commodity Futures traded and the 6th largest by the number of Commodity Options.

The 2nd largest player NCDEX in the commodity exchange market controls the rest 3.1% market share.[3][1]

Website BSE NSE
  • Market Cap ₹ 20,448 Cr.
  • Current Price ₹ 4,009
  • High / Low ₹ 4,270 / 1,285
  • Stock P/E 246
  • Book Value ₹ 270
  • Dividend Yield 0.48 %
  • ROCE 7.15 %
  • ROE 5.82 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 58.0%

Cons

  • Stock is trading at 14.8 times its book value
  • Company has a low return on equity of 9.14% over last 3 years.
  • Earnings include an other income of Rs.75.4 Cr.
  • Debtor days have increased from 19.4 to 36.3 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Financial Services Industry: Miscellaneous

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
97 88 83 90 106 109 127 144 134 146 165 192 181
53 51 50 52 53 60 63 112 134 136 195 212 79
Operating Profit 44 37 33 38 53 49 64 32 -0 9 -30 -21 102
OPM % 46% 42% 40% 42% 50% 45% 50% 22% -0% 6% -18% -11% 56%
11 21 16 15 -6 9 18 20 20 20 19 18 20
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 7 7 7 3 6 6 4 6 4 7 11 14
Profit before tax 49 51 43 45 44 52 77 48 14 25 -17 -14 108
Tax % 22% 23% 24% 24% 18% 20% 18% 19% 61% 23% -9% 63% 19%
38 40 33 34 37 41 63 39 5 20 -19 -5 88
EPS in Rs 7.54 7.80 6.40 6.76 7.16 8.13 12.41 7.61 1.07 3.86 -3.74 -1.05 17.23
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
524 341 222 235 259 260 300 398 391 367 514 684
209 194 135 160 180 184 206 219 205 206 369 621
Operating Profit 315 146 88 75 80 76 94 178 185 161 145 63
OPM % 60% 43% 39% 32% 31% 29% 31% 45% 47% 44% 28% 9%
121 99 110 111 117 88 75 105 104 46 68 75
Interest 0 1 1 0 0 0 0 0 0 0 0 0
Depreciation 31 34 26 25 19 17 15 18 22 23 22 36
Profit before tax 406 210 170 162 178 147 154 265 267 184 191 102
Tax % 26% 27% 26% 29% 29% 26% 5% 11% 16% 22% 22% 18%
299 153 126 115 127 108 146 236 225 143 149 83
EPS in Rs 58.66 30.03 24.66 22.48 24.82 21.25 28.68 46.37 44.16 28.13 29.21 16.30
Dividend Payout % 41% 33% 41% 29% 60% 80% 70% 65% 62% 62% 65% 47%
Compounded Sales Growth
10 Years: 7%
5 Years: 18%
3 Years: 21%
TTM: 33%
Compounded Profit Growth
10 Years: -4%
5 Years: -12%
3 Years: -23%
TTM: -44%
Stock Price CAGR
10 Years: 23%
5 Years: 37%
3 Years: 39%
1 Year: 191%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 9%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 51 51 51 51 51 51 51 51 51 51 51 51
Reserves 1,105 1,095 1,154 1,242 1,311 1,329 1,200 1,308 1,367 1,367 1,428 1,327
0 0 0 0 0 0 0 0 2 1 2 2
631 598 622 568 507 586 825 1,375 1,083 1,382 1,542 2,029
Total Liabilities 1,787 1,743 1,827 1,862 1,869 1,966 2,075 2,735 2,503 2,801 3,023 3,409
203 173 143 137 152 156 158 158 159 156 150 387
CWIP 1 0 2 3 0 6 19 24 26 95 169 8
Investments 1,070 1,092 1,295 1,114 1,198 1,322 1,066 1,256 1,205 1,157 1,047 914
513 478 387 607 519 482 832 1,296 1,112 1,392 1,658 2,100
Total Assets 1,787 1,743 1,827 1,862 1,869 1,966 2,075 2,735 2,503 2,801 3,023 3,409

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
53 38 70 78 -32 99 258 449 -184 391 141 521
145 53 -68 -30 55 36 -93 -27 -39 -142 -8 -424
-213 -113 -19 -61 -40 -92 -105 -123 -154 -142 -89 -98
Net Cash Flow -16 -22 -18 -14 -17 43 61 299 -377 107 44 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 5 10 17 7 4 9 7 6 8 11 10 36
Inventory Days
Days Payable
Cash Conversion Cycle 5 10 17 7 4 9 7 6 8 11 10 36
Working Capital Days -320 -290 -522 -446 -287 -404 -429 -761 -424 -654 -463 -373
ROCE % 33% 14% 10% 10% 11% 8% 13% 15% 16% 14% 13%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
35.49% 32.49% 31.35% 26.52% 26.84% 23.45% 25.77% 26.95% 24.84% 25.31% 26.61% 23.22%
40.47% 45.41% 46.42% 48.33% 48.60% 50.61% 52.82% 52.70% 55.05% 56.43% 53.01% 56.86%
23.86% 21.91% 22.05% 24.96% 24.37% 25.75% 21.23% 20.16% 19.91% 18.09% 20.19% 19.73%
0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19%
No. of Shareholders 1,44,8091,62,3202,04,1242,37,5922,35,6872,38,8911,97,6161,88,8681,79,9751,65,4461,73,6821,76,305

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls