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₹1,251.22 - ₹3,449.00

Previous CloseN/A

Volume312.96K

Average Volume (3M)32.88K

Market Cap

₹876.90B

Enterprise Value₹852.28B

Total Cash (Recent Filing)₹23.00B

Total Debt (Recent Filing)₹10.40M

Price to Earnings (P/E)45.8

Beta1.30

Next Earnings

Jul 27, 2026

EPS Estimate

16.95

Next Dividend Ex-DateN/A

Dividend Yield0.28%

Share Statistics

EPS (TTM)27.32

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 TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

EPS Forecast (FY)68.64

Revenue Forecast (FY)₹30.07B

Bulls Say, Bears Say

Bulls Say

Revenue & Margin StrengthSharp revenue growth and very high margins in the latest year indicate strong operating leverage and pricing power in MCX’s core commodity derivatives franchise. These durable earnings improvements expand internal reinvestment capacity and buffer profitability versus modest shocks to volumes.

Extremely Conservative Balance SheetNear-zero debt and a growing equity base provide MCX substantial financial flexibility to fund technology, maintain clearing obligations, and withstand downturns without external financing. Low financial risk supports long-term stability and ability to pursue strategic investments.

Strong Recent Cash GenerationOperating cash flow materially exceeding net income and free cash flow near parity with earnings reflects high cash conversion in the recent period. Reliable cash generation supports dividends, capex for infrastructure, and lowers refinancing risk over the medium term.

Bears Say

Historical Earnings VariabilityAlthough recent results are strong, MCX has shown meaningful swings across fiscal years. Past weaker-margin periods imply earnings can be cyclical or timing-driven, reducing predictability for investors and complicating strategic planning reliant on steady high profitability.

Past Cash-Conversion SwingsEpisodes of negative operating and free cash flow despite accounting profits highlight working-capital and timing risks. Such swings can constrain liquidity and force temporary reliance on reserves or changes to capital allocation, weakening long-term cash reliability.

Revenue Reliant On Market ActivityMCX’s core fee income depends on trading volumes, contract liquidity and regulatory product scope. Structural declines in participation, fee pressure from competitors, or adverse regulatory changes would materially reduce fee revenue, limiting the company's revenue durability over time.

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 ₹1251.22 and its highest was ₹3449.00 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 ₹876.90B.

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 Jul 27, 2026 which is in 67 days.

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

Multi Commodity Exchange of India Limited released its earnings results on May 08, 2026. The company reported ₹20.8 earnings per share for the quarter, beating the consensus estimate of ₹18.755 by ₹2.045.

Is Multi Commodity Exchange of India Limited overvalued?

According to Wall Street analysts Multi Commodity Exchange of India Limited’s price is currently Overvalued. 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 16.95.

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 ₹20.8 in its last earnings report, beating expectations of ₹18.755. Following the earnings report the stock price went up 1.741%.

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.