Multi Commodity Exchange of India Limited (IN:MCX)

:MCX

MCX

Multi Commodity Exchange of India Limited

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

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MCX Stock Chart & Stats

₹2855.45

-₹86.65(-1.44%)

At close: Jan 08 4:00 PM EST

₹2855.45

-₹86.65(-1.44%)

Day’s Range― - ―

52-Week Range₹1,120.20 - ₹2,903.05

Previous CloseN/A

Volume312.96K

Average Volume (3M)32.88K

Market Cap

₹726.91B

Enterprise Value₹703.85B

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

18.76

Next Dividend Ex-DateN/A

Dividend Yield0.28%

Share Statistics

EPS (TTM)15.73

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 Upside4.36% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering1

EPS Forecast (FY)63.97

Revenue Forecast (FY)₹28.14B

Bulls Say, Bears Say

Bulls Say

Strong Revenue GrowthMCX has delivered very strong top-line growth, more than doubling revenue year-over-year. Durable revenue expansion supports increased fee income, broader market reach and scale benefits for its trading platform, strengthening long-term cash generation and reinvestment capacity.

High Profit MarginsThe business shows exceptionally high gross margins and improving net margins driven by its low-cost, electronic exchange model. Margin strength is structural—platform economics and fixed-cost leverage allow profitability to scale as volumes grow, supporting sustainable free cash flow.

Strong Cash Generation & Low LeverageMCX exhibits robust operating cash flow, high free cash flow conversion and a low debt profile. This durable financial strength gives flexibility for investment in technology, regulatory compliance and potential shareholder returns while buffering cyclical revenue swings.

Bears Say

Revenue CyclicalityMCX’s fee-driven model is structurally linked to trading volumes and the mix of actively traded commodities. That creates persistent cyclicality: extended periods of low activity or less volatile markets can materially reduce transaction revenues and compress operating leverage.

Moderate ROEDespite strong margins and cash flow, ROE is only moderate, indicating capital is not being turned into shareholder returns as efficiently as peers. Over the medium term this structural gap may pressure investor returns unless management increases capital deployment efficiency or dividend/payout policies.

Margin Pressure RiskWhile current margins are strong, the business remains exposed to rising operating costs — technology, compliance, surveillance and personnel. Sustained cost inflation or necessary investments to maintain platform reliability could erode margins and reduce long-term free cash flow.

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 ₹1120.20 and its highest was ₹2903.05 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 ₹726.91B.

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 26 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 ₹15.731 earnings per share for the quarter, beating the consensus estimate of ₹14.577 by ₹1.154.

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 18.76.

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 ₹15.731 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

▲(4.36% Upside)

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Detailed Analyst Forecast >