MCX · NSE
Multi Commodity Exchange of India Limited
₹3,260
-0.16% (-₹5.2)
Prev. close
₹3,265.2
Volume
21,97,423
Delivery %
50.1%
As of
18 Sept 2026
Price history
Analyst sentiment
Analysts lean bullish
5 analyst stances · last 90 days · one per analyst
Trackable
4 · 4 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
1 · 1 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on MCX with an Outperform rating and a target price of Rs 3,830, indicating a 15% upside. Bernstein notes that c…” | Bernstein AnalysisBernstein | Multi Commodity Exchange of India | PENDING | |
| “Assigned an 'Outperform' rating to MCX with a target price of ₹3,830, indicating a 15% upside. This bullish view is driv…” | Bernstein AnalysisBernstein | Multi Commodity Exchange of India | PENDING | |
| “Initiated coverage on MCX with an Outperform rating and a target price of ₹3,830, indicating a 15% upside. The brokerage…” | Bernstein AnalysisBernstein | Multi Commodity Exchange of India | PENDING | |
| “Bullish on Multi Commodity Exchange of India (MCX) with a target price of ₹3,520 and a stop loss of ₹3,230. The stock bo…” | Chandan TapariaMotilal Oswal Financial Services Ltd | Multi Commodity Exchange of India | PENDING | |
| “Bullish on MCX, recommending a buy with a target price of ₹3,450 and a stop loss of ₹3,170. The stock has given a strong…” | Chandan TapariaMotilal Oswal Financial Services Ltd | Multi Commodity Exchange of India | PENDING | |
| “Maintained a 'Buy' rating on MCX with a target price of ₹3,600, indicating over 24% upside potential. The firm anticipat…” | Jefferies AnalysisJefferies | MCX | PENDING | |
| “Upgraded MCX to 'Overweight' from 'Neutral' and raised its target price to ₹3,500 from ₹2,560, implying a 21% upside. Th…” | JPMorgan AnalysisJPMorgan | MCX | PENDING |
Market commentary · 1 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “MCX looks positive in the short term, with potential to rise towards 3,200-3,300. The stock has shown a smart recovery, …” | Rupak DeLKP Securities | Multi Commodity Exchange of India | NOT GRADED |
Fundamentals
About 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. The company offers iCOMDEX, a real-time commodity futures price indices; and trades in bullion, base metals, energy, and agricultural commodities. It also provides clearing and settlement services; and data feed subscription and membership services. The company has strategic alliances, consultancy, and collaboration agreements with various exchanges, such as Dalian Commodity Exchange, Taiwan Futures Exchange, Zhengzhou Commodity Exchange, Jakarta Futures Exchange, European Energy Exchange AG, CME Group, and London Metal Exchange. Multi Commodity Exchange of India Limited was incorporated in 2002 and is headquartered in Mumbai, India.
Details
Sector
Financial Services
Industry
Financial Data & Stock Exchanges
CEO
Ms. Praveena Rai
Headquarters
Mumbai
Employees
436
Website
mcxindia.comExchange
View on NSE ↗Key stats
Market cap
₹83,103.94 Cr
P/E ratio (TTM)
54.1
Dividend yield
0.25%
EPS (TTM)
₹60.37
Beta (1Y · daily vs NIFTY 50)
0.93
Beta (5Y · monthly vs NIFTY 50)
1.30
Shares float
21.65 Cr
EPS · quarter ended Jun 2026
₹16.21
Upcoming earnings
05 Nov 2026
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (standalone), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.3% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide. Net income is omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹344.85 Cr | ₹329.78 Cr | ₹447.69 Cr | ₹583.54 Cr | ₹994.49 Cr | ₹2,117.71 Cr | |
| EBITDA | ₹251.24 Cr | ₹201.80 Cr | ₹212.37 Cr | ₹138.18 Cr | ₹763.60 Cr | ₹1,768.73 Cr |
| — | — | ₹148.97 Cr | ₹83.11 Cr | ₹560.04 Cr | ₹1,331.55 Cr | |
| Diluted EPS | ₹7.38 | ₹4.65 | ₹5.85 | ₹3.26 | ₹21.96 | ₹52.22 |
Depreciation & amortisation, Net income, Pretax income, Tax provision, Interest expense have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| — | — | — | ₹3,022.75 Cr | ₹3,408.79 Cr | ₹4,325.17 Cr | ₹7,500.63 Cr | |
| Total debt | — | — | — | ₹1.55 Cr | ₹1.66 Cr | ₹1.01 Cr | ₹4.76 Cr |
| Stockholders' equity | — | — | — | ₹1,479.30 Cr | ₹1,378.47 Cr | ₹1,884.40 Cr | ₹2,847.94 Cr |
Total assets, Current assets, Trade receivables, Cash & equivalents, Non-current assets, Total debt, Stockholders' equity have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | — | ₹141.42 Cr | ₹442.12 Cr | ₹950.13 Cr | ₹3,034.72 Cr | |
| Investing cash flow | — | — | ₹-8.08 Cr | ₹-345.51 Cr | ₹-750.83 Cr | ₹-2,399.10 Cr |
| — | — | ₹-89.48 Cr | ₹-98.18 Cr | ₹-40.20 Cr | ₹-154.47 Cr | |
| Capital expenditure | — | — | ₹-71.27 Cr | ₹-143.23 Cr | ₹-95.90 Cr | ₹-72.34 Cr |
| End cash position | — | — | ₹181.08 Cr | ₹179.51 Cr | ₹338.61 Cr | ₹819.76 Cr |
Operating cash flow, Depreciation & amortization, Change in working capital, Investing cash flow, Financing cash flow, Dividends paid, Capital expenditure, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
12 · Peer Comparison
Financial Services
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| HDFC Bank Limited | ₹11.27 L Cr | ₹731 | 16.2 | 1.38 | 8.6% | 0.81 | +4.7% | -25.2% |
| ICICI Bank Limited | ₹9.75 L Cr | ₹1,347.6 | 17.6 | 2.69 | 14.9% | 0.57 | +9.1% | -5.0% |
| State Bank of India | ₹9.16 L Cr | ₹996.2 | 10.6 | 1.54 | 14.0% | 1.22 | +9.2% | +16.6% |
| Bajaj Finance Limited | ₹6.31 L Cr | ₹1,040.3 | 31.1 | 5.54 | 16.7% | 3.10 | +19.7% | +4.4% |
| Life Insurance Corporation Of India | ₹5.06 L Cr | ₹407.7 | 8.4 | 2.87 | 32.5% | — | +8.7% | -54.2% |
| Kotak Mahindra Bank Limited | ₹4.08 L Cr | ₹415 | 20.5 | 2.25 | 10.6% | 0.53 | -0.3% | -79.5% |
| Axis Bank Limited | ₹3.86 L Cr | ₹1,240 | 14.0 | 1.80 | 12.3% | 1.30 | +4.0% | +10.1% |
| Bajaj Finserv Limited | ₹2.98 L Cr | ₹1,852.5 | 29.4 | 3.82 | 12.6% | 4.64 | +13.6% | -10.5% |
| Shriram Finance Limited | ₹2.34 L Cr | ₹1,010 | 17.6 | 3.55 | 15.2% | 2.76 | +13.9% | +61.1% |
| SBI Life Insurance Company Limited | ₹1.77 L Cr | ₹1,731 | 68.0 | 9.29 | 12.9% | — | -4.3% | -5.0% |
| ICICI Prudential Asset Management Company Limited | ₹1.53 L Cr | ₹3,098 | 43.8 | 36.57 | 79.1% | — | +23.1% | — |
| Multi Commodity Exchange of India Limited | ₹83,103.94 Cr | ₹3,260 | 54.1 | 29.18 | 46.8% | 0.00 | +112.9% | -59.2% |
Ranked by market cap within Financial Services, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Show all 15
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
47 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.