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

₹ 3,391 1.55%
15 May - close price
mcxindia.com BSE: 534091 NSE: MCX
About

The MCX) commenced operation in Nov,03 is India’s first listed, national-level, electronic exchange, and India’s leading commodity derivatives exchange which offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. The Exchange operates under SEBI. [1]

Key Points

Monopoly[1]
Co. has a 95.9% share in the Commodity future market in FY24. It controls a 100% share of Precious metals & stones, 99.61% in Energy & 99.80% in base metals except agri-commodities where it commands a share of 2.65%. 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 future market controls the rest 3.9% market share.

Website BSE NSE
  • Market Cap ₹ 86,468 Cr.
  • Current Price ₹ 3,391
  • High / Low ₹ 3,423 / 1,250
  • Stock P/E 84.0
  • Book Value ₹ 110
  • Dividend Yield 0.18 %
  • ROCE 57.9 %
  • ROE 43.4 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 47.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%
  • Company has been maintaining a healthy dividend payout of 43.9%
  • Company's median sales growth is 19.5% of last 10 years

Cons

  • Stock is trading at 30.7 times its book value
  • Working capital days have increased from -2.93 days to 92.8 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

Financial Services Financial Services Capital Markets Exchange and Data Platform

Part of BSE 500 Nifty 500 Nifty Midcap 100 Nifty Midcap 50 Nifty 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
114 128 141 163 160 209 257 278 269 349 352 624 829
110 114 160 209 83 107 119 123 142 154 153 225 300
Operating Profit 5 13 -19 -46 77 101 137 155 127 195 199 399 529
OPM % 4% 11% -14% -28% 48% 49% 53% 56% 47% 56% 57% 64% 64%
22 20 20 20 18 19 24 23 29 32 27 32 37
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 4 6 11 13 13 14 14 21 17 18 21 19
Profit before tax 21 30 -5 -36 82 108 148 164 135 210 208 409 547
Tax % 41% 19% 32% -25% 25% 25% 25% 25% 24% 25% 25% 25% 25%
12 24 -7 -27 62 80 111 122 102 157 156 307 409
EPS in Rs 0.48 0.94 -0.27 -1.06 2.43 3.15 4.33 4.79 3.99 6.15 6.13 12.04 16.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
222 235 259 260 298 370 345 330 449 595 1,012 2,154
135 160 180 186 206 225 204 201 329 566 492 832
Operating Profit 88 75 80 74 93 145 141 128 120 29 520 1,322
OPM % 39% 32% 31% 29% 31% 39% 41% 39% 27% 5% 51% 61%
110 111 116 86 63 111 111 53 72 76 96 128
Interest 1 0 0 0 0 0 0 0 0 0 0 0
Depreciation 26 25 19 17 15 18 22 22 20 34 62 75
Profit before tax 170 161 177 144 140 239 229 159 171 71 554 1,374
Tax % 26% 29% 29% 26% 2% 13% 18% 25% 24% 26% 25% 25%
125 114 126 106 136 209 188 118 130 52 415 1,029
EPS in Rs 4.90 4.46 4.95 4.17 5.35 8.18 7.37 4.65 5.09 2.04 16.27 40.36
Dividend Payout % 41% 29% 61% 82% 75% 73% 75% 75% 75% 75% 37% 20%
Compounded Sales Growth
10 Years: 25%
5 Years: 44%
3 Years: 69%
TTM: 113%
Compounded Profit Growth
10 Years: 28%
5 Years: 48%
3 Years: 99%
TTM: 148%
Stock Price CAGR
10 Years: 35%
5 Years: 61%
3 Years: 133%
1 Year: 163%
Return on Equity
10 Years: 15%
5 Years: 20%
3 Years: 26%
Last Year: 43%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 51 51 51 51 51 51 51 51 51 51 51 51
Reserves 1,151 1,239 1,308 1,325 1,412 1,496 1,529 1,504 1,545 1,496 1,876 2,765
0 0 0 0 0 0 2 1 2 2 1 5
622 568 507 585 161 220 205 255 260 259 367 909
Total Liabilities 1,824 1,858 1,866 1,961 1,624 1,767 1,787 1,811 1,857 1,808 2,296 3,730
143 137 152 156 157 157 158 153 145 373 405 411
CWIP 2 3 0 6 19 23 26 94 168 16 18 28
Investments 1,293 1,111 1,195 1,416 1,252 1,421 1,445 1,398 1,216 1,134 1,629 2,985
387 607 519 383 196 165 158 167 328 286 243 306
Total Assets 1,824 1,858 1,866 1,961 1,624 1,767 1,787 1,811 1,857 1,808 2,296 3,730

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
70 78 -32 102 -129 201 89 119 -64 117 611 1,464
-68 -31 55 33 191 -78 63 23 151 -19 -570 -1,310
-19 -61 -40 -92 -105 -123 -154 -142 -89 -98 -40 -154
Net Cash Flow -18 -14 -17 43 -43 -1 -1 0 -2 -0 1 -1
Free Cash Flow 62 58 -59 76 -155 174 69 41 -133 -24 517 1,397
CFO/OP 126% 177% 24% 176% -113% 168% 93% 120% -6% 567% 126% 128%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 17 7 4 9 11 7 12 15 9 32 3 3
Inventory Days
Days Payable
Cash Conversion Cycle 17 7 4 9 11 7 12 15 9 32 3 3
Working Capital Days -522 -446 -287 -438 -40 -93 -70 -114 19 -37 -64 93
ROCE % 10% 10% 11% 8% 11% 11% 12% 11% 11% 4% 32% 58%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Average Daily Turnover (ADT) - Futures
INR Crores

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Market Share (Commodity Futures)
Percentage
Average Daily Turnover (ADT) - Options (Notional)
INR Crores
Annual Base Metals Delivery
Metric Tonnes
Number of Registered Unique Client Codes (UCC)
Number (Lakhs/Crores)

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
24.84% 25.31% 26.61% 23.22% 20.69% 22.07% 23.13% 21.80% 21.69% 19.00% 20.64% 26.07%
55.05% 56.43% 53.01% 56.86% 57.24% 57.45% 56.27% 58.10% 59.09% 60.50% 59.16% 54.35%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
19.91% 18.09% 20.19% 19.73% 21.90% 20.32% 20.41% 19.90% 19.03% 20.31% 20.03% 19.38%
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 1,79,9751,65,4461,73,6821,76,3052,02,6032,01,6922,35,2622,43,4562,34,9892,56,7152,52,4703,60,169

* 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

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