Multi Commodity Exchange of India Limited (IN:MCX)

:MCX

MCX

Multi Commodity Exchange of India Limited

RESEARCH TOOLSreports

Multi Commodity Exchange of India Limited (MCX) Price & Analysis

14 Followers

MCX Stock Chart & Stats

₹2501.25

-₹86.65(-1.44%)

At close: Jan 08 4:00 PM EST

₹2501.25

-₹86.65(-1.44%)

Day’s Range― - ―

52-Week Range₹905.35 - ₹2,706.00

Previous CloseN/A

Volume312.96K

Average Volume (3M)32.88K

Market Cap

₹611.61B

Enterprise Value₹595.32B

Total Cash (Recent Filing)₹23.00B

Total Debt (Recent Filing)₹10.40M

Price to Earnings (P/E)35.3

Beta1.41

Next Earnings

May 18, 2026

EPS Estimate

16.76

Next Dividend Ex-DateN/A

Dividend Yield0.28%

Share Statistics

EPS (TTM)15.70

Shares Outstanding254,991,840

10 Day Avg. Volume50,879

30 Day Avg. Volume32,881

Financial Highlights & Ratios

PEG Ratio0.08

Price to Book (P/B)14.15

Price to Sales (P/S)22.05

P/FCF Ratio31.21

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

₹2,980.00

Price Target Upside19.14% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering1

EPS Forecast (FY)48.88

Revenue Forecast (FY)₹21.70B

Bulls Say, Bears Say

Bulls Say

Revenue GrowthMCX reported very strong top-line expansion, with revenue growth ~68% and revenue more than doubling year-over-year. Sustained high growth reflects rising market adoption and deeper product mix penetration, supporting durable earnings expansion over the next several quarters.

High ProfitabilityExchange business model yields elevated gross margins from fee-based revenues and low incremental trading costs. Improved net margins indicate disciplined cost control and operating leverage, making profitability more resilient and supporting long-term cash generation as volumes normalize.

Strong Cash Generation & Low LeverageConsistent operating cash flow and rising free cash flow give MCX flexibility to fund investments, technology and member services without heavy borrowing. Low leverage reduces financial risk and preserves capacity to withstand market slowdowns or fund strategic initiatives over 2-6 months.

Bears Say

Revenue Sensitivity To Market VolumesMCX's fee-driven revenue model depends directly on trading activity and commodity market volatility. Structural downturns in volumes, shifts in product mix or prolonged low-volatility periods can materially reduce revenues and dilute operating leverage, a persistent cyclical risk for exchanges.

Moderate Return On EquityDespite strong margins and low leverage, ROE remains only moderate, implying equity is not being converted into proportionally higher shareholder returns. Without better capital allocation or share return programs, ROE may limit long-term investor returns relative to peers.

Margin & Cash Conversion VulnerabilitiesHigh current margins could be eroded by rising technology, compliance or surveillance costs. Additionally, the operating cash flow to net income ratio indicates cash conversion can vary versus accounting profits, which may lead to episodic pressure on free cash flow and near-term funding flexibility.

MCX FAQ

What was Multi Commodity Exchange of India Limited’s price range in the past 12 months?

Multi Commodity Exchange of India Limited lowest stock price was ₹905.35 and its highest was ₹2706.00 in the past 12 months.

What is Multi Commodity Exchange of India Limited’s market cap?

Multi Commodity Exchange of India Limited’s market cap is ₹611.61B.

When is Multi Commodity Exchange of India Limited’s upcoming earnings report date?

Multi Commodity Exchange of India Limited’s upcoming earnings report date is May 18, 2026 which is in 49 days.

How were Multi Commodity Exchange of India Limited’s earnings last quarter?

Multi Commodity Exchange of India Limited released its earnings results on Jan 23, 2026. The company reported ₹15.7 earnings per share for the quarter, beating the consensus estimate of ₹14.577 by ₹1.123.

Is Multi Commodity Exchange of India Limited overvalued?

According to Wall Street analysts Multi Commodity Exchange of India Limited’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Multi Commodity Exchange of India Limited pay dividends?

Multi Commodity Exchange of India Limited pays a Annually dividend of ₹30 which represents an annual dividend yield of 0.28%. See more information on Multi Commodity Exchange of India Limited dividends here

What is Multi Commodity Exchange of India Limited’s EPS estimate?

Multi Commodity Exchange of India Limited’s EPS estimate is 16.76.

How many shares outstanding does Multi Commodity Exchange of India Limited have?

Multi Commodity Exchange of India Limited has 254,991,840 shares outstanding.

What happened to Multi Commodity Exchange of India Limited’s price movement after its last earnings report?

Multi Commodity Exchange of India Limited reported an EPS of ₹15.7 in its last earnings report, beating expectations of ₹14.577. Following the earnings report the stock price went down -1.4%.

Which hedge fund is a major shareholder of Multi Commodity Exchange of India Limited?

Currently, no hedge funds are holding shares in IN:MCX

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Multi Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited, a commodity derivatives exchange, provides a platform to facilitate online trading of commodity derivatives in India. It offers iCOMDEX, a real-time commodity futures price indices; and trades in bullion, base metals, energy, and agricultural commodities. The company also provides trade clearing and settlement services; and data feed services. It has strategic alliances with various exchanges, such as CME group, Dalian Commodity Exchange, London Metal Exchange, Mozambique Commodities Exchange, Taiwan Futures Exchange, and Zhengzhou Commodity Exchange. The company was incorporated in 2002 and is based in Mumbai, India.

Multi Commodity Exchange of India Limited (MCX) Earnings & Revenues

Historic Earnings Reports

MCX Stock 12 Month Forecast

Average Price Target

₹2,980.00

▲(19.14% Upside)

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Detailed Analyst Forecast >