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

₹ 6,492 1.92%
23 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 ₹ 33,111 Cr.
  • Current Price ₹ 6,492
  • High / Low ₹ 7,049 / 2,917
  • Stock P/E 59.1
  • Book Value ₹ 370
  • Dividend Yield 0.12 %
  • ROCE 42.9 %
  • ROE 34.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 25.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 46.5%

Cons

  • Stock is trading at 17.6 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

Sector: Financial Services Industry: Miscellaneous

Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 Nifty Alpha 50

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
106 109 127 144 134 146 165 192 181 234 286 301 291
53 60 63 112 134 136 195 212 79 102 106 108 131
Operating Profit 53 49 64 32 -0 9 -30 -21 102 133 179 193 160
OPM % 50% 45% 50% 22% -0% 6% -18% -11% 56% 57% 63% 64% 55%
-6 9 18 20 20 20 19 18 20 19 26 24 30
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 6 6 4 6 4 7 11 14 13 14 15 22
Profit before tax 44 52 77 48 14 25 -17 -14 108 138 191 202 168
Tax % 18% 20% 18% 19% 61% 23% 9% -63% 19% 20% 20% 21% 20%
37 41 63 39 5 20 -19 -5 88 111 154 160 135
EPS in Rs 7.16 8.13 12.41 7.61 1.07 3.86 -3.74 -1.05 17.23 21.75 30.12 31.38 26.56
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
341 222 235 259 260 300 398 391 367 514 684 1,113
194 135 160 180 184 206 219 205 206 369 621 447
Operating Profit 146 88 75 80 76 94 178 185 161 145 63 665
OPM % 43% 39% 32% 31% 29% 31% 45% 47% 44% 28% 9% 60%
99 110 111 117 88 75 105 104 46 68 75 98
Interest 1 1 0 0 0 0 0 0 0 0 0 0
Depreciation 34 26 25 19 17 15 18 22 23 22 36 64
Profit before tax 210 170 162 178 147 154 265 267 184 191 102 699
Tax % 27% 26% 29% 29% 26% 5% 11% 16% 22% 22% 18% 20%
153 126 115 127 108 146 236 225 143 149 83 560
EPS in Rs 30.03 24.66 22.48 24.82 21.25 28.68 46.37 44.16 28.13 29.21 16.30 109.82
Dividend Payout % 33% 41% 29% 60% 80% 70% 65% 62% 62% 65% 47% 27%
Compounded Sales Growth
10 Years: 17%
5 Years: 23%
3 Years: 45%
TTM: 63%
Compounded Profit Growth
10 Years: 20%
5 Years: 25%
3 Years: 52%
TTM: 574%
Stock Price CAGR
10 Years: 20%
5 Years: 40%
3 Years: 73%
1 Year: 73%
Return on Equity
10 Years: 13%
5 Years: 16%
3 Years: 18%
Last Year: 34%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 51 51 51 51 51 51 51 51 51 51 51 51
Reserves 1,095 1,154 1,242 1,311 1,329 1,200 1,308 1,367 1,367 1,428 1,327 1,833
0 0 0 0 0 0 0 2 1 2 2 1
598 622 568 507 586 825 1,375 1,083 1,382 1,542 2,029 2,440
Total Liabilities 1,743 1,827 1,862 1,869 1,966 2,075 2,735 2,503 2,801 3,023 3,409 4,325
173 143 137 152 156 158 158 159 156 150 379 424
CWIP 0 2 3 0 6 19 24 26 95 169 16 6
Investments 1,092 1,295 1,114 1,198 1,322 1,066 1,256 1,205 1,157 1,047 914 1,401
478 387 607 519 482 832 1,296 1,112 1,392 1,658 2,100 2,494
Total Assets 1,743 1,827 1,862 1,869 1,966 2,075 2,735 2,503 2,801 3,023 3,409 4,325

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
38 70 78 -32 99 258 449 -184 391 141 521 950
53 -68 -30 55 36 -93 -27 -39 -142 -8 -424 -751
-113 -19 -61 -40 -92 -105 -123 -154 -142 -89 -98 -40
Net Cash Flow -22 -18 -14 -17 43 61 299 -377 107 44 -2 159

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 10 17 7 4 9 7 6 8 11 10 36 9
Inventory Days
Days Payable
Cash Conversion Cycle 10 17 7 4 9 7 6 8 11 10 36 9
Working Capital Days -290 -522 -446 -287 -404 -429 -761 -424 -654 -463 -539 -217
ROCE % 14% 10% 10% 11% 8% 13% 15% 16% 14% 13% 7% 43%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
26.84% 23.45% 25.77% 26.95% 24.84% 25.31% 26.61% 23.22% 20.69% 22.07% 23.13% 21.80%
48.60% 50.61% 52.82% 52.70% 55.05% 56.43% 53.01% 56.86% 57.24% 57.45% 56.27% 58.10%
24.37% 25.75% 21.23% 20.16% 19.91% 18.09% 20.19% 19.73% 21.90% 20.32% 20.41% 19.90%
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 2,35,6872,38,8911,97,6161,88,8681,79,9751,65,4461,73,6821,76,3052,02,6032,01,6922,35,2622,43,456

* 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