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
- ✗Premium to sector peers (P/E 55.1x vs industry 35.7x)
- ✗High premium to book value (P/B 24.9x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹748 | ₹11.5L Cr | 15.2 | 1.98 | 13.8 | 7.04 | — |
| SBIN State Bank of India | ₹977 | ₹8.8L Cr | 10.6 | 1.51 | 15.4 | 6.13 | — |
| ICICIBANK ICICI Bank Limited | ₹1,261 | ₹8.8L Cr | 16.2 | 2.51 | 16.1 | 7.2 | — |
| BAJFINANCE Bajaj Finance Limited | ₹890 | ₹5.5L Cr | 28.6 | 4.86 | 18.2 | 10.8 | — |
| LICI Life Insurance Corporation Of India | ₹400 | ₹5.1L Cr | 8.83 | 2.86 | 37.8 | 35.1 | 0 |
| AXISBANK Axis Bank Limited | ₹1,273 | ₹3.9L Cr | 14.8 | 1.85 | 13.2 | 6.24 | — |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹377 | ₹3.8L Cr | 19.8 | 2.07 | 11.2 | 6.93 | — |
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 →Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card removed
*Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card removed.* MSCI’s quarterly review adds **three** Indian stocks and drops **four**, effective next month. Rebalancing may trigger passive fund flows into Adani Energy, Nalco, and MCX. RVNL, SBI Card, Kalyan Jewellers, and Hyundai out, potentially leading to sell pressure from index funds. 📊 *STOCKS:* ADANIENERG, NATIONALUM, MCX, RVNL, KALYANKJEW, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
MSCI index reshuffle adds Adani Energy, Nalco, MCX
*MSCI index reshuffle adds Adani Energy, Nalco, MCX* — MSCI has included Adani Energy Solutions, NALCO, and MCX in its India index, effective next review. Exits include RVNL, Kalyan Jewellers, SBI Card, and Hyundai Motor. The move may trigger passive fund inflows into new entrants and outflows from removed stocks. Rebalancing could impact F&O liquidity ahead of expiry. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, KALYANKJIL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card dropped
*Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card dropped*. MSCI has included Adani Energy, NALCO, and MCX in its India index, effective post-rebalance. Meanwhile, RVNL, Kalyan Jewellers, Hyundai Motor, and SBICard were removed. The move may trigger passive fund inflows into the new entrants and outflows from excluded stocks. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
MSCI adds MCX, Federal Bank; exclusions impact inflows
*MSCI adds MCX, Federal Bank and two others in index rejig.* This move may trigger **$34 million** in estimated passive inflows into the added stocks. Exclusions like Hyundai Motor and RVNL could see marginal outflows. Index rebalancing often leads to portfolio adjustments by global ETFs and FPIs. 📊 *STOCKS:* MCX, FEDERALBNK | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #MSCI
MSCI index reshuffle adds Adani Energy, Nalco, MCX
*MSCI index reshuffle adds Adani Energy, Nalco, MCX.* MSCI has added Adani Energy Solutions, NALCO, and MCX to its India index, effective August 2023. Exits include RVNL, Kalyan Jewellers, SBI Card, and Hyundai. The move may trigger **$150M+** in passive fund flows due to index rebalancing. Rejigs often impact FPI holdings and short-term trading patterns. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, KALYANKJIL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
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