Multi Commodity Exchange of India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 56.3%)
- ✓Efficient capital deployment (ROCE 71.4%)
- ✓Virtually debt-free
Concerns
- ✗High premium to book value (P/B 25x)
Today's Price Action
The last quoted price of MCX stands at ₹2,800, unchanged on the day. Trading activity recorded 13.25 lakh shares, exactly matching the 20‑day average volume, indicating a neutral participation level and no immediate excess supply‑demand pressure.
Valuation Snapshot
The stock trades at a price‑to‑earnings multiple of 52.6, considerably higher than the sector average, which is effectively zero due to the absence of comparable earnings ratios. A return on equity of 56.3 % underscores a strong profitability profile relative to capital employed.
Key Levels to Watch
The current price sits roughly mid‑range within the 52‑week band of ₹1,461 (low) to ₹3,480 (high), leaving modest headroom toward the upper boundary. Open‑interest‑driven support and resistance zones, as observed in the latest futures contracts, cluster around ₹2,600 and ₹3,100 respectively.
Chart Pattern
On the daily timeframe, a bullish Marubozu appeared eight sessions ago, followed by a bullish Harami nine sessions ago. Both formations suggest a consolidation phase where the market absorbed prior momentum, but they do not imply any definitive directional bias.
Data Summary
Key metrics highlight an unchanged LTP of ₹2,800, a volume that aligns perfectly with its 20‑day average of 13.25 lakh, a high ROE of 56.3 %, and a P/E of **52
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹754 | ₹12.6L Cr | 16 | 1.93 | 13.6 | 7.02 | — |
| ICICIBANK ICICI Bank Limited | ₹1,440 | ₹10.4L Cr | 18.5 | 2.73 | 17.3 | 7.59 | — |
| SBIN State Bank of India | ₹1,025 | ₹9.6L Cr | 11.6 | 1.59 | 15.4 | 6.13 | — |
| BAJFINANCE Bajaj Finance Limited | ₹1,056 | ₹6.6L Cr | 34.2 | 5.77 | 18.2 | 10.9 | — |
| LICI Life Insurance Corporation Of India | ₹424 | ₹5.5L Cr | 9.54 | 3.03 | 37.8 | 35.1 | 0 |
| AXISBANK Axis Bank Limited | ₹1,234 | ₹4.1L Cr | 14.9 | 1.73 | 13.1 | 6.24 | — |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹382 | ₹3.9L Cr | 19.4 | 2.1 | 11.4 | 6.98 | — |
Showing 7 peers in the same sector · Sorted by market cap
Corporate Events
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
Dividend - Rs 30 Per Share
Dividend - Rs 7.64 Per Share
Dividend - Rs 19.09 Per Share
Latest News
All news →NSE seen as better diversified than BSE, MCX: Jefferies
*NSE seen as better diversified than BSE, MCX: Jefferies*\nBSE and MCX shares fell up to **4%** after Jefferies favored IPO-bound NSE due to superior diversification. The brokerage highlighted NSE's broader revenue streams and market dominance. This comparison triggered a sell-off in exchange peers.\n\n📊 *STOCKS:* BSE, MCX | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #brokerage-view
MCX and BSE shares drop amid NSE IPO speculation
*MCX and BSE shares fall up to **5%** on speculation surrounding NSE's upcoming IPO.* The sell-off coincides with heightened investor interest in exchange listings. Traders may be reallocating focus to the anticipated NSE public offering. Weakness in peer exchanges could signal sentiment shifts in the capital markets space. 📊 *STOCKS:* MCX, BSE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
BSE, MCX shares drop 4% on Jefferies' NSE diversification call
*BSE, MCX shares drop 4% on Jefferies' NSE diversification call* — Jefferies downgraded BSE and MCX, citing the upcoming IPO of NSE as a more diversified exchange. The brokerage expects NSE to attract investor interest due to broader revenue streams. **4%** fall in share price reflects market realignment ahead of NSE's public listing. 📊 *STOCKS:* BSE | MCX | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
Crude oil futures gain on strong spot demand
Crude oil futures climbed due to robust spot demand. Prices rose **3.2%** on the MCX, closing at **₹6,320** per barrel. Market participants eye supply chain updates and global inventory data. 📊 *STOCKS:* | 🏢 *SECTOR:* Commodities | #MEDIUMIMPACT #CrudeOil
Jefferies backs NSE IPO as key market milestone
*Jefferies backs NSE IPO as key market milestone.* The brokerage termed the upcoming NSE IPO as the final piece in India's exchange troika, completing the trio after BSE and MCX. The move could unlock significant value and enhance retail participation. 📊 *STOCKS:* | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
Jefferies backs NSE ahead of IPO, BSE and MCX shares fall
*Jefferies backs NSE ahead of IPO, BSE and MCX shares fall.* The brokerage’s endorsement of NSE ahead of its public listing has triggered a sell-off in rival exchanges. **BSE** and **MCX** shares declined **5.2%** and **3.8%** respectively on the report. Investor sentiment may shift toward NSE as its IPO nears. 📊 *STOCKS:* BSE | MCX | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
BSE, MCX shares drop 4% on Jefferies' NSE IPO note
*BSE, MCX shares drop 4% on Jefferies' NSE IPO note* — Brokerage Jefferies downplayed BSE and MCX prospects, favoring the more diversified IPO-bound NSE. This comparison triggered a **4% fall** in share prices of both exchanges today. Investor focus shifts to NSE’s upcoming public listing and competitive landscape among Indian exchanges. 📊 *STOCKS:* BSE | MCX | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
Jefferies: NSE IPO to complete exchange listing troika
*Jefferies highlights NSE’s upcoming IPO as a key event.* The listing will complete the troika of major Indian exchange listings, following BSE and MCX. NSE is seen as more diversified than its peers, with **strong revenue growth** and **dominant market share in derivatives**. Investor focus now turns to valuation and timing. 📊 *STOCKS:* NSE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
Gold prices surge amid global uncertainty; traders eye dips.
*Gold prices surge amid global uncertainty; traders eye dips.* Global risk-off sentiment and weakening dollar are fueling a **2.3% weekly gain** in gold futures. MCX gold futures for August hit **₹72,400/10g**, nearing all-time highs. Analysts suggest volatility may persist; dips could offer entry for hedging. 📊 *STOCKS:* | 🏢 *SECTOR:* Commodities | #MEDIUMIMPACT #Gold
Jefferies initiates MCX with 'Buy', sees 27% upside
*Jefferies initiates coverage on MCX with a 'Buy' rating and sets a target price implying **27% upside**.* The stock rose **5%** on the news, reflecting positive sentiment. The brokerage cited strong volume growth and market leadership in commodities trading. 📊 *STOCKS:* MCX | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Brokerage
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹666 Cr ▲78.1% | ₹374 Cr ▲0.3% | ₹373 Cr ▲28.2% | ₹291 Cr ▼3.3% | ₹301 Cr ▲5.2% | ₹286 Cr ▲22.2% | ₹234 Cr ▲29.3% | ₹181 Cr |
| Op. Profit | ₹494 Cr ▲104.1% | ₹242 Cr ▲0.4% | ₹241 Cr ▲50.6% | ₹160 Cr ▼17.1% | ₹193 Cr ▲7.8% | ₹179 Cr ▲34.6% | ₹133 Cr ▲30.4% | ₹102 Cr |
| OPM | 74.0% ▲13.8% | 65.0% ▲0.0% | 65.0% ▲18.2% | 55.0% ▼14.1% | 64.0% ▲1.6% | 63.0% ▲10.5% | 57.0% ▲1.8% | 56.0% |
| Net Profit | ₹401 Cr ▲103.6% | ₹197 Cr ▼3.0% | ₹203 Cr ▲50.4% | ₹135 Cr ▼15.6% | ₹160 Cr ▲3.9% | ₹154 Cr ▲38.7% | ₹111 Cr ▲26.1% | ₹88 Cr |
| EPS (₹) | 15.73 ▲103.2% | 7.74 ▼2.9% | 7.97 ▲50.1% | 5.31 ▼15.4% | 6.28 ▲4.3% | 6.02 ▲38.4% | 4.35 ▲26.1% | 3.45 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.3K Cr ▲106.8% | ₹1.1K Cr ▲62.7% | ₹684 Cr ▲33.1% | ₹514 Cr ▲40.1% | ₹367 Cr ▼6.1% | ₹391 Cr ▼1.8% | ₹398 Cr ▲32.7% | ₹300 Cr ▲15.4% | ₹260 Cr ▲0.4% | ₹259 Cr |
| Expenses | ₹660 Cr ▲47.7% | ₹447 Cr ▼28.0% | ₹621 Cr ▲68.3% | ₹369 Cr ▲79.1% | ₹206 Cr ▲0.5% | ₹205 Cr ▼6.4% | ₹219 Cr ▲6.3% | ₹206 Cr ▲12.0% | ₹184 Cr ▲2.2% | ₹180 Cr |
| Op. Profit | ₹1.6K Cr ▲146.9% | ₹665 Cr ▲955.6% | ₹63 Cr ▼56.6% | ₹145 Cr ▼9.9% | ₹161 Cr ▼13.0% | ₹185 Cr ▲3.9% | ₹178 Cr ▲89.4% | ₹94 Cr ▲23.7% | ₹76 Cr ▼5.0% | ₹80 Cr |
| OPM | 71.0% ▲18.3% | 60.0% ▲566.7% | 9.0% ▼67.9% | 28.0% ▼36.4% | 44.0% ▼6.4% | 47.0% ▲4.4% | 45.0% ▲45.2% | 31.0% ▲6.9% | 29.0% ▼6.5% | 31.0% |
| Other Income | ₹127 Cr ▲29.6% | ₹98 Cr ▲30.7% | ₹75 Cr ▲10.3% | ₹68 Cr ▲47.8% | ₹46 Cr ▼55.8% | ₹104 Cr ▼1.0% | ₹105 Cr ▲40.0% | ₹75 Cr ▼14.8% | ₹88 Cr ▼24.8% | ₹117 Cr |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹78 Cr ▲21.9% | ₹64 Cr ▲77.8% | ₹36 Cr ▲63.6% | ₹22 Cr ▼4.3% | ₹23 Cr ▲4.5% | ₹22 Cr ▲22.2% | ₹18 Cr ▲20.0% | ₹15 Cr ▼11.8% | ₹17 Cr ▼10.5% | ₹19 Cr |
| PBT | ₹1.7K Cr ▲141.8% | ₹699 Cr ▲585.3% | ₹102 Cr ▼46.6% | ₹191 Cr ▲3.8% | ₹184 Cr ▼31.1% | ₹267 Cr ▲0.8% | ₹265 Cr ▲72.1% | ₹154 Cr ▲4.8% | ₹147 Cr ▼17.4% | ₹178 Cr |
| Tax % | 21.0% ▲5.0% | 20.0% ▲11.1% | 18.0% ▼18.2% | 22.0% ▲0.0% | 22.0% ▲37.5% | 16.0% ▲45.5% | 11.0% ▲120.0% | 5.0% ▼80.8% | 26.0% ▼10.3% | 29.0% |
| Net Profit | ₹1.3K Cr ▲137.9% | ₹560 Cr ▲574.7% | ₹83 Cr ▼44.3% | ₹149 Cr ▲4.2% | ₹143 Cr ▼36.4% | ₹225 Cr ▼4.7% | ₹236 Cr ▲61.6% | ₹146 Cr ▲35.2% | ₹108 Cr ▼15.0% | ₹127 Cr |
| EPS (₹) | 52.22 ▲137.8% | 21.96 ▲573.6% | 3.26 ▼44.2% | 5.84 ▲3.7% | 5.63 ▼36.2% | 8.83 ▼4.7% | 9.27 ▲61.8% | 5.73 ▲34.8% | 4.25 ▼14.3% | 4.96 |
| Div Payout | 15.0% ▼44.4% | 27.0% ▼42.6% | 47.0% ▼27.7% | 65.0% ▲4.8% | 62.0% ▲0.0% | 62.0% ▼4.6% | 65.0% ▼7.1% | 70.0% ▼12.5% | 80.0% ▲33.3% | 60.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹51 Cr ▲0.0% | ₹51 Cr ▲0.0% | ₹51 Cr ▲0.0% | ₹51 Cr ▲0.0% | ₹51 Cr ▲0.0% | ₹51 Cr ▲0.0% | ₹51 Cr ▲0.0% | ₹51 Cr ▲0.0% | ₹51 Cr ▲0.0% | ₹51 Cr |
| Reserves | ₹2.0K Cr ▲11.1% | ₹1.8K Cr ▲38.1% | ₹1.3K Cr ▼7.1% | ₹1.4K Cr ▲4.5% | ₹1.4K Cr ▲0.0% | ₹1.4K Cr ▲4.5% | ₹1.3K Cr ▲9.0% | ₹1.2K Cr ▼9.7% | ₹1.3K Cr ▲1.4% | ₹1.3K Cr |
| Borrowings | ₹1 Cr ▲0.0% | ₹1 Cr ▼50.0% | ₹2 Cr ▲0.0% | ₹2 Cr ▲100.0% | ₹1 Cr ▼50.0% | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Liabilities | ₹3.2K Cr ▲30.3% | ₹2.4K Cr ▲20.3% | ₹2.0K Cr ▲31.6% | ₹1.5K Cr ▲11.6% | ₹1.4K Cr ▲27.6% | ₹1.1K Cr ▼21.2% | ₹1.4K Cr ▲66.7% | ₹825 Cr ▲40.8% | ₹586 Cr ▲15.6% | ₹507 Cr |
| Total Liabilities | ₹5.3K Cr ▲21.8% | ₹4.3K Cr ▲26.9% | ₹3.4K Cr ▲12.8% | ₹3.0K Cr ▲7.9% | ₹2.8K Cr ▲11.9% | ₹2.5K Cr ▼8.5% | ₹2.7K Cr ▲31.8% | ₹2.1K Cr ▲5.5% | ₹2.0K Cr ▲5.2% | ₹1.9K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹430 Cr ▲4.4% | ₹412 Cr ▲8.7% | ₹379 Cr ▲152.7% | ₹150 Cr ▼3.8% | ₹156 Cr ▼1.9% | ₹159 Cr ▲0.6% | ₹158 Cr ▲0.0% | ₹158 Cr ▲1.3% | ₹156 Cr ▲2.6% | ₹152 Cr |
| CWIP | ₹0 Cr ▼100.0% | ₹18 Cr ▲12.5% | ₹16 Cr ▼90.5% | ₹169 Cr ▲77.9% | ₹95 Cr ▲265.4% | ₹26 Cr ▲8.3% | ₹24 Cr ▲26.3% | ₹19 Cr ▲216.7% | ₹6 Cr | ₹0 Cr |
| Investments | ₹1.8K Cr ▲30.6% | ₹1.4K Cr ▲53.3% | ₹914 Cr ▼12.7% | ₹1.0K Cr ▼9.5% | ₹1.2K Cr ▼4.0% | ₹1.2K Cr ▼4.1% | ₹1.3K Cr ▲17.8% | ₹1.1K Cr ▼19.4% | ₹1.3K Cr ▲10.4% | ₹1.2K Cr |
| Other Assets | ₹3.0K Cr ▲20.5% | ₹2.5K Cr ▲18.8% | ₹2.1K Cr ▲26.7% | ₹1.7K Cr ▲19.1% | ₹1.4K Cr ▲25.2% | ₹1.1K Cr ▼14.2% | ₹1.3K Cr ▲55.8% | ₹832 Cr ▲72.6% | ₹482 Cr ▼7.1% | ₹519 Cr |
| Total Assets | ₹5.3K Cr ▲21.8% | ₹4.3K Cr ▲26.9% | ₹3.4K Cr ▲12.8% | ₹3.0K Cr ▲7.9% | ₹2.8K Cr ▲11.9% | ₹2.5K Cr ▼8.5% | ₹2.7K Cr ▲31.8% | ₹2.1K Cr ▲5.5% | ₹2.0K Cr ▲5.2% | ₹1.9K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹950 Cr ▲114.9% | ₹442 Cr ▲213.5% | ₹141 Cr ▼63.9% | ₹391 Cr ▲312.5% | ₹-184 Cr ▼141.0% | ₹449 Cr ▲74.0% | ₹258 Cr ▲160.6% | ₹99 Cr ▲409.4% | ₹-32 Cr ▼141.0% | ₹78 Cr |
| Investing CF | ₹-751 Cr ▼117.1% | ₹-346 Cr ▼4225.0% | ₹-8 Cr ▲94.4% | ₹-142 Cr ▼264.1% | ₹-39 Cr ▼44.4% | ₹-27 Cr ▲71.0% | ₹-93 Cr ▼358.3% | ₹36 Cr ▼34.5% | ₹55 Cr ▲283.3% | ₹-30 Cr |
| Financing CF | ₹-40 Cr ▲59.2% | ₹-98 Cr ▼10.1% | ₹-89 Cr ▲37.3% | ₹-142 Cr ▲7.8% | ₹-154 Cr ▼25.2% | ₹-123 Cr ▼17.1% | ₹-105 Cr ▼14.1% | ₹-92 Cr ▼130.0% | ₹-40 Cr ▲34.4% | ₹-61 Cr |
| Net Cash Flow | ₹159 Cr ▲8050.0% | ₹-2 Cr ▼104.5% | ₹44 Cr ▼58.9% | ₹107 Cr ▲128.4% | ₹-377 Cr ▼226.1% | ₹299 Cr ▲390.2% | ₹61 Cr ▲41.9% | ₹43 Cr ▲352.9% | ₹-17 Cr ▼21.4% | ₹-14 Cr |
| Free Cash Flow | ₹854 Cr ▲185.6% | ₹299 Cr ▲327.1% | ₹70 Cr ▼77.4% | ₹310 Cr ▲250.5% | ₹-206 Cr ▼148.8% | ₹422 Cr ▲82.7% | ₹231 Cr ▲216.4% | ₹73 Cr ▲223.7% | ₹-59 Cr ▼203.5% | ₹57 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9d ▼72.7% | 33d ▲230.0% | 10d ▼9.1% | 11d ▲37.5% | 8d ▲33.3% | 6d ▼14.3% | 7d ▼22.2% | 9d ▲125.0% | 4d ▼42.9% | 7d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 9d ▼72.7% | 33d ▲230.0% | 10d ▼9.1% | 11d ▲37.5% | 8d ▲33.3% | 6d ▼14.3% | 7d ▼22.2% | 9d ▲125.0% | 4d ▼42.9% | 7d |
| Working Capital Days | -390d ▲27.8% | -540d ▼16.6% | -463d ▲29.2% | -654d ▼54.2% | -424d ▲44.3% | -761d ▼77.4% | -429d ▼6.2% | -404d ▼40.8% | -287d ▲35.7% | -446d |
| ROCE | 43.0% ▲514.3% | 7.0% ▼46.2% | 13.0% ▼7.1% | 14.0% ▼12.5% | 16.0% ▲6.7% | 15.0% ▲15.4% | 13.0% ▲62.5% | 8.0% ▼27.3% | 11.0% ▲10.0% | 10.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Multi Commodity Exchange of India Limited
The MCX) commenced operation in Nov,03 is India’s first listed, national-level, electronic exchange, and India’s leading commodity derivatives exchange which offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. The Exchange operates under SEBI. [1]
Financial Services · Capital Markets