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₹1,461.00 - ₹3,479.80

Previous CloseN/A

Volume312.96K

Average Volume (3M)32.88K

Market Cap

₹708.97B

Enterprise Value₹728.05B

Total Cash (Recent Filing)₹23.00B

Total Debt (Recent Filing)₹10.40M

Price to Earnings (P/E)54.6

Beta1.45

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)69.42

Revenue Forecast (FY)₹30.22B

Bulls Say, Bears Say

Bulls Say

High Profitability & MarginsMCX's exchange model generates exceptionally high operating and net margins, reflecting strong operating leverage and low incremental costs per additional trade. These durable margins indicate structural profitability from fee-based revenue and scalable technology, supporting sustained cash generation if volumes remain healthy.

Conservative Balance Sheet / Low LeverageNear-zero debt provides material financial flexibility and lowers default and refinancing risk. This conservative capital structure allows MCX to invest in infrastructure, absorb volatility in trading activity, return capital to shareholders, and pursue strategic initiatives without pressure from interest costs.

Strong Recent Cash GenerationOperating cash flow well above net income and FCF close to net income show high cash conversion in the latest cycle. Durable free cash flow supports reinvestment, market-data monetization, and shareholder returns, strengthening the firm's ability to fund growth without external finance.

Bears Say

Historical Profitability & Cash-Flow VariabilityAlthough FY2026 shows excellent margins and cash conversion, prior years exhibited markedly lower profitability and uneven OCF (eg FY2021 negative OCF). This history indicates earnings and cash generation can swing with timing, seasonality, or one-off items, reducing predictability over 2–6 months.

Revenue Exposure To Trading Volumes & VolatilityMCX's fee income is intrinsically linked to participant activity and market volatility. Structural declines in trading volumes or prolonged lower volatility would directly pressure revenue and margins, making medium-term performance sensitive to macroeconomic and commodity-cycle conditions.

Concentration In Transaction Fee RevenueA heavy reliance on transaction fees and limited diversification into other sizable revenue engines increases vulnerability to fee compression, competitive market-structure changes, or regulatory limits on fees. This concentration can cap resilience and growth options over the medium term.

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 ₹708.97B.

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 44 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 ₹6 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

The Multi Commodity Exchange of India Limited (MCX) operates as a premier online platform, enabling the trading of commodity derivatives throughout India. This exchange offers its proprietary iCOMDEX, a real-time index for commodity futures prices, and facilitates transactions across a broad spectrum of assets including precious metals (bullion), industrial metals, energy products, and agricultural commodities. Beyond trading, MCX also provides critical services such as trade clearing, settlement, and comprehensive data feeds. The company has forged strategic international partnerships with several notable exchanges, including the CME Group, Dalian Commodity Exchange, London Metal Exchange, Mozambique Commodities Exchange, Taiwan Futures Exchange, and Zhengzhou Commodity Exchange. Established in 2002, its corporate base is situated in Mumbai, India.