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

₹ 3,339 4.21%
14 May 4:12 p.m.
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 ₹ 85,123 Cr.
  • Current Price ₹ 3,339
  • High / Low ₹ 3,365 / 1,231
  • Stock P/E 63.9
  • Book Value ₹ 112
  • Dividend Yield 0.18 %
  • ROCE 71.4 %
  • ROE 56.3 %
  • 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 48.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.4%
  • Company has been maintaining a healthy dividend payout of 29.8%
  • Company's median sales growth is 24.0% of last 10 years

Cons

  • Stock is trading at 29.9 times its book value

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
134 146 165 192 181 234 286 301 291 373 374 666 889
134 136 195 212 79 102 106 108 131 132 132 172 224
Operating Profit -0 9 -30 -21 102 133 179 193 160 241 242 494 665
OPM % -0% 6% -18% -11% 56% 57% 63% 64% 55% 65% 65% 74% 75%
20 20 19 18 20 19 26 24 30 33 27 31 36
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 4 7 11 14 13 14 15 22 17 20 22 19
Profit before tax 14 25 -17 -14 108 138 191 202 168 256 249 503 682
Tax % 61% 23% 9% -63% 19% 20% 20% 21% 20% 21% 21% 20% 22%
5 20 -19 -5 88 111 154 160 135 203 197 401 530
EPS in Rs 0.21 0.77 -0.75 -0.21 3.45 4.35 6.02 6.28 5.31 7.97 7.74 15.73 20.78
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
222 235 259 260 300 398 391 367 514 684 1,113 2,302
135 160 180 184 206 219 205 206 369 621 447 660
Operating Profit 88 75 80 76 94 178 185 161 145 63 665 1,642
OPM % 39% 32% 31% 29% 31% 45% 47% 44% 28% 9% 60% 71%
110 111 117 88 75 105 104 46 68 75 98 127
Interest 1 0 0 0 0 0 0 0 0 0 0 0
Depreciation 26 25 19 17 15 18 22 23 22 36 64 78
Profit before tax 170 162 178 147 154 265 267 184 191 102 699 1,690
Tax % 26% 29% 29% 26% 5% 11% 16% 22% 22% 18% 20% 21%
126 115 127 108 146 236 225 143 149 83 560 1,332
EPS in Rs 4.93 4.50 4.96 4.25 5.73 9.27 8.83 5.63 5.84 3.26 21.96 52.22
Dividend Payout % 41% 29% 60% 80% 70% 65% 62% 62% 65% 47% 27% 15%
Compounded Sales Growth
10 Years: 26%
5 Years: 43%
3 Years: 65%
TTM: 107%
Compounded Profit Growth
10 Years: 31%
5 Years: 49%
3 Years: 108%
TTM: 138%
Stock Price CAGR
10 Years: 34%
5 Years: 62%
3 Years: 129%
1 Year: 169%
Return on Equity
10 Years: 20%
5 Years: 28%
3 Years: 36%
Last Year: 56%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,154 1,242 1,311 1,329 1,200 1,308 1,367 1,367 1,428 1,327 1,833 2,797
0 0 0 0 0 0 2 1 2 2 1 5
622 568 507 586 825 1,375 1,083 1,382 1,542 2,029 2,440 4,648
Total Liabilities 1,827 1,862 1,869 1,966 2,075 2,735 2,503 2,801 3,023 3,409 4,325 7,501
143 137 152 156 158 158 159 156 150 379 412 419
CWIP 2 3 0 6 19 24 26 95 169 16 18 28
Investments 1,295 1,114 1,198 1,322 1,066 1,256 1,205 1,157 1,047 914 1,401 2,949
387 607 519 482 832 1,296 1,112 1,392 1,658 2,100 2,494 4,104
Total Assets 1,827 1,862 1,869 1,966 2,075 2,735 2,503 2,801 3,023 3,409 4,325 7,501

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 99 258 449 -184 391 141 442 950 3,035
-68 -30 55 36 -93 -27 -39 -142 -8 -346 -751 -2,399
-19 -61 -40 -92 -105 -123 -154 -142 -89 -98 -40 -154
Net Cash Flow -18 -14 -17 43 61 299 -377 107 44 -2 159 481
Free Cash Flow 62 57 -59 73 231 422 -206 310 70 299 854 2,962
CFO/OP 126% 177% 24% 170% 306% 281% -74% 263% 132% 786% 149% 202%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 7 6 8 11 10 33 9 10
Inventory Days
Days Payable
Cash Conversion Cycle 17 7 4 9 7 6 8 11 10 33 9 10
Working Capital Days -522 -446 -287 -404 -429 -761 -424 -654 -463 -540 -390 -247
ROCE % 10% 10% 11% 8% 13% 15% 16% 14% 13% 7% 43% 71%

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

Concalls