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MCX Stock Chart & Stats
₹2729.60
₹26.00(0.95%)
At close: 4:00 PM EDT
₹2729.60
₹26.00(0.95%)
Day’s Range― - ―
52-Week Range₹1,461.00 - ₹3,479.80
Previous CloseN/A
Volume732.43K
Average Volume (3M)32.88K
Market Cap
₹795.83B
Enterprise Value₹373.87K
Total Cash (Recent Filing)₹39.17B
Total Debt (Recent Filing)₹0.00
Price to Earnings (P/E)52.6
Beta1.32
Next Earnings
Oct 19, 2026EPS Estimate
16.73Next Dividend Ex-DateN/A
Dividend Yield0.19%
Share Statistics
EPS (TTM)60.51
Shares Outstanding254,991,840
10 Day Avg. Volume50,879
30 Day Avg. Volume32,881
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)21.39
Price to Sales (P/S)25.08
P/FCF Ratio18.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹3,600.00Price Target Upside31.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)66.11
Revenue Forecast (FY)₹28.71B
Bulls Say, Bears Say
Bulls Say
High Margins And Strong Recent Revenue GrowthSustained very high operating and net margins with large recent revenue growth indicate durable operating leverage in MCX’s fee‑based platform. High profitability supports reinvestment in technology, data products and member services, and underpins strong free cash flow when volumes remain healthy.
Conservative Balance Sheet, Near-zero LeverageMinimal debt and a growing equity base give MCX strong financial flexibility to fund capex, weather volume downturns, and invest in product development without pressure from interest costs. Low leverage materially reduces solvency risk for a platform exposed to cyclical activity.
Robust Recent Cash Generation And FCF ConversionNear‑one‑to‑one FCF conversion of profits shows the business can turn strong earnings into real liquidity, supporting dividends, buybacks, or strategic tech investments. For a market infrastructure business, reliable cash flow enables steady upkeep of trading/clearing systems and product expansion.
Bears Say
Historical Earnings And Margin VolatilityMCX’s profitability has shown notable year‑to‑year swings, meaning recent high margins may not persist through market cycles. This variability complicates multi‑year planning and weakens the predictability of returns, making capital allocation and long‑term forecasting harder.
Revenue Sensitivity To Trading Volumes And Market ActivityCore revenues derive from transaction fees and data services tied to trading volumes and product mix. Structural declines in commodity derivatives participation, increased competition, or lower market volatility would directly reduce fee income and tax the exchange’s durable revenue profile.
Uneven Historical Cash Flow Conversion And Working-capital SwingsPast episodes of negative operating cash flow despite accounting profits point to timing or working‑capital risks in clearing/settlement and fee recognition. Such swings can strain liquidity in stressed periods and reduce the reliability of cash for returns or investments.
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 ₹1461.00 and its highest was ₹3479.80 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 ₹795.83B.
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 Oct 19, 2026 which is in 57 days.
How were Multi Commodity Exchange of India Limited’s earnings last quarter?
Multi Commodity Exchange of India Limited released its earnings results on Aug 04, 2026. The company reported ₹16.2 earnings per share for the quarter, missing the consensus estimate of ₹16.675 by -₹0.475.
Is Multi Commodity Exchange of India Limited overvalued?
According to Wall Street analysts Multi Commodity Exchange of India Limited’s price is currently Undervalued.
Does Multi Commodity Exchange of India Limited pay dividends?
Multi Commodity Exchange of India Limited pays a Annually dividend of ₹8 which represents an annual dividend yield of 0.19%. 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 16.73.
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 ₹16.2 in its last earnings report, missing expectations of ₹16.675. Following the earnings report the stock price went up 1.82%.
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 clearing and settlement services; and data feed subscription and membership services. It has strategic alliances, consultancy, and collaboration agreements with various exchanges, such as CME Group, Dalian Commodity Exchange, London Metal Exchange, European Energy Exchange AG, Taiwan Futures Exchange, and Zhengzhou Commodity Exchange, Jakarta Futures Exchange, and Chittagong Stock Exchange Limited. The company was incorporated in 2002 and is based in Mumbai, India.
MCX Stock 12 Month Forecast
Average Price Target
₹3,600.00
▲(31.89% Upside)
Technical Analysis
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